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472 hedge funds and large institutions have $5.46B invested in Dropbox in 2025 Q4 according to their latest regulatory filings, with 68 funds opening new positions, 157 increasing their positions, 174 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

497% more call options, than puts

Call options by funds: $280M | Put options by funds: $46.9M

19% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 57

5.71% more ownership

Funds ownership: 101.89%107.6% (+5.7%)

1% more funds holding

Funds holding: 469472 (+3)

10% less repeat investments, than reductions

Existing positions increased: 157 | Existing positions reduced: 174

8% less capital invested

Capital invested by funds: $5.96B → $5.46B (-$494M)

Holders
472
Holders Change
+3
Holders Change %
+0.64%
% of All Funds
5.74%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
68
Increased
157
Reduced
174
Closed
57
Calls
$280M
Puts
$46.9M
Net Calls
+$233M
Net Calls Change
-$748K
Name Holding Trade Value Shares
Change
Change in
Stake
FAM
301
Fred Alger Management
New York
$280K +$3.17K +109 +1%
Capstone Investment Advisors
302
Capstone Investment Advisors
New York
$280K -$1.17M -40,112 -80%
DACG
303
Donor Advised Charitable Giving
California
$279K +$293K +10,047 New
AI
304
Atria Investments
North Carolina
$277K +$12.5K +428 +4%
PWM
305
Paulson Wealth Management
Illinois
$275K
URS
306
Utah Retirement Systems
Utah
$275K
OL
307
Optas LLC
Texas
$271K -$214K -7,350 -43%
BPC
308
Banque Pictet & Cie
Switzerland
$271K -$66.8K -2,294 -19%
BFM
309
Boothbay Fund Management
New York
$271K +$284K +9,756 New
BHCM
310
Brevan Howard Capital Management
Jersey
$259K -$750K -25,758 -73%
MSRPS
311
Maryland State Retirement & Pension System
Maryland
$257K
GI
312
GAMMA Investing
California
$250K +$28K +962 +12%
OAC
313
OMERS Administration Corp
Ontario, Canada
$248K
SLAM
314
Swiss Life Asset Management
$244K -$8.13K -279 -3%
MML Investors Services
315
MML Investors Services
Massachusetts
$238K +$249K +8,557 New
Rafferty Asset Management
316
Rafferty Asset Management
New York
$236K -$57.8K -1,986 -19%
CAM
317
Cresset Asset Management
Illinois
$229K -$82.9K -2,846 -26%
US Bancorp
318
US Bancorp
Minnesota
$226K -$36K -1,237 -13%
CAM
319
Claret Asset Management
Quebec, Canada
$226K -$553 -19 -0.2%
ACA
320
Atlas Capital Advisors
Wyoming
$223K +$234K +8,023 New
PNC Financial Services Group
321
PNC Financial Services Group
Pennsylvania
$220K -$7.11K -244 -3%
CAG
322
Crestwood Advisors Group
Massachusetts
$219K +$230K +7,882 New
ProShare Advisors
323
ProShare Advisors
Maryland
$216K -$23.1K -794 -9%
SFS
324
Sowell Financial Services
Arkansas
$215K +$225K +7,736 New
SGAM
325
Smith Group Asset Management
Texas
$215K