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Dropbox
DBX

460 hedge funds and large institutions have $6.35B invested in Dropbox in 2023 Q3 according to their latest regulatory filings, with 71 funds opening new positions, 135 increasing their positions, 174 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 71 | Existing positions closed: 55

3% more funds holding

Funds holding: 447 → 460 (+13)

2% less capital invested

Capital invested by funds: $6.49B → $6.35B (-$144M)

4.21% less ownership

Funds ownership: 91.22% → 87.01% (-4.2%)

22% less repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 174

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

35% less call options, than puts

Call options by funds: $60.9M | Put options by funds: $93.8M

Holders
460
Holders Change
+13
Holders Change %
+2.91%
% of All Funds
7.3%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.08%
New
71
Increased
135
Reduced
174
Closed
55
Calls
$60.9M
Puts
$93.8M
Net Calls
-$33M
Net Calls Change
-$46.3M

Top Buyers

Rank Fund Capital Flow
1
WCM
Wedge Capital Management
North Carolina
+$68.9M
2
Millennium Management
Millennium Management
New York
+$29.3M
3
KBC Group
KBC Group
Belgium
+$23M
4
LSV Asset Management
LSV Asset Management
Illinois
+$22.3M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
+$21.6M

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$110M
2
BlackRock
BlackRock
New York
-$81.1M
3
JP Morgan Chase
JP Morgan Chase
New York
-$45.8M
4
ECM
Engine Capital Management
New York
-$37.6M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$32.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
LFG
426
Larson Financial Group
Missouri
$4.36K – – –
FFA
427
Farther Finance Advisors
California
$4.17K – – –
SFG
428
Steward Financial Group
Texas
$4K +$4.47K +164 New
QCG
429
Quadrant Capital Group
Ohio
$3.98K – – –
RA
430
Rise Advisors
New York
$3.27K – – –
CA
431
Clearstead Advisors
Ohio
$2.72K +$1.36K +50 +100%
GWS
432
Glassman Wealth Services
Virginia
$2.72K – – –
GEA
433
Glen Eagle Advisors
New Jersey
$2.72K – – –
KFI
434
Key Financial Inc
Pennsylvania
$2.72K – – –
FMII
435
Farmers & Merchants Investments Inc
Nebraska
$2.72K +$2.73K +100 New
LFA
436
LGT Financial Advisors
Texas
$2.59K +$2.59K +95 New
HCM
437
Hollencrest Capital Management
California
$2.48K +$2.48K +91 New
AF
438
Advisornet Financial
Minnesota
$2.02K +$463 +17 +30%
ZB
439
Zions Bancorporation
Utah
$1.55K -$1.09K -40 -41%
DZ Bank
440
DZ Bank
Germany
$1.37K +$1.36K +50 New
CIA
441
Cape Investment Advisory
Georgia
$1.36K – – –
CFS
442
CGC Financial Services
Oregon
$1.36K – – –
CFD
443
Creative Financial Designs
Indiana
$1.36K – – –
SIC
444
Salem Investment Counselors
North Carolina
$1.36K – – –
WT
445
Washington Trust
Rhode Island
$1.36K – – –
SIC
446
SJS Investment Consulting
Ohio
$1.36K +$164 +6 +14%
BHWM
447
Bay Harbor Wealth Management
Maryland
$1.33K – – –
AA
448
Addison Advisors
Vermont
$1.03K +$1.04K +38 New
ADL
449
Asset Dedication LLC
California
$1K – – –
MCM
450
MV Capital Management
Maryland
$681 – – –
16 17
18
19 20

DBX Hedge Fund Activity: Q3 2023 in Review

460 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Dropbox (DBX) for Q3 2023, worth a combined $6.35B — down 2.2% from $6.49B a quarter earlier.

Buyers outnumbered sellers: 71 funds opened new DBX positions and 55 closed out — a net gain of 16 holders — while 135 added to existing stakes and 174 trimmed.

The largest buyer was Wedge Capital Management, adding an estimated $68.9M. The largest seller was Deutsche Bank, cutting an estimated $110M.

  • 460 institutional investors held Dropbox (DBX) as of Q3 2023, up from 447 in Q2 2023.
  • Funds reported $6.35B of Dropbox stock for Q3 2023, down 2.2% quarter-over-quarter.
  • 71 funds opened new Dropbox positions in Q3 2023 and 55 closed out, a net change of +16 holders.
  • The largest Dropbox buyer in Q3 2023 was Wedge Capital Management, an estimated $68.9M added.
  • The largest Dropbox seller in Q3 2023 was Deutsche Bank, an estimated $110M sold.

Based on aggregated 13F filings for Q3 2023.