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Dropbox
DBX

470 hedge funds and large institutions have $5.96B invested in Dropbox in 2025 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 153 increasing their positions, 178 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

302% more call options, than puts

Call options by funds: $311M | Put options by funds: $77.5M

11% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 62

2.91% more ownership

Funds ownership: 98.97% → 101.89% (+2.9%)

3% more capital invested

Capital invested by funds: $5.79B → $5.96B (+$166M)

0% more funds holding

Funds holding: 468 → 470 (+2)

14% less repeat investments, than reductions

Existing positions increased: 153 | Existing positions reduced: 178

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
470
Holders Change
+2
Holders Change %
+0.43%
% of All Funds
6.17%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
69
Increased
153
Reduced
178
Closed
62
Calls
$311M
Puts
$77.5M
Net Calls
+$234M
Net Calls Change
+$92.2M

Top Buyers

1
LSV Asset Management
LSV Asset Management
Illinois
+$91.7M
2
Citadel Advisors
Citadel Advisors
Florida
+$29.2M
3
Allianz Asset Management
Allianz Asset Management
Germany
+$19.6M
4
Northern Trust
Northern Trust
Illinois
+$16M
5
BA
Bridgewater Associates
Connecticut
+$14.2M

Top Sellers

1
Ameriprise
Ameriprise
Minnesota
-$102M
2
BlackRock
BlackRock
New York
-$35.3M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$32.5M
4
Morgan Stanley
Morgan Stanley
New York
-$32.3M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$24.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
BWL
451
Bogart Wealth LLC
Virginia
$604 +$572 +20 New
BMC
452
Bear Mountain Capital
Washington
$596 – – –
NMG
453
New Millennium Group
Utah
$544 – – –
RIL
454
Rothschild Investment LLC
Illinois
$514 – – –
BHWM
455
Bay Harbor Wealth Management
Maryland
$483 – – –
Kayne Anderson Rudnick Investment Management
456
Kayne Anderson Rudnick Investment Management
California
$423 -$336K -11,750 -100%
MCM
457
MV Capital Management
Maryland
$423 – – –
HIA
458
HFM Investment Advisors
New Jersey
$423 +$29 +1 +8%
BFS
459
Bare Financial Services
Pennsylvania
$393 – – –
ACA
460
American Capital Advisory
Idaho
$363 +$29 +1 +9%
PWAM
461
Private Wealth Asset Management
Iowa
$242 – – –
QWM
462
Quaker Wealth Management
New Jersey
$182 – – –
HC
463
Hurley Capital
New York
$151 – – –
RF
464
Robinswood Financial
Washington
$151 – – –
GSWM
465
Golden State Wealth Management
California
$121 +$114 +4 New
PWA
466
Principia Wealth Advisory
Texas
$121 +$114 +4 New
WWM
467
Wolff Wiese Magana
California
$61 – – –
GWSG
468
GPS Wealth Strategies Group
Colorado
$60 – – –
TIM
469
Tortoise Investment Management
New York
$60 +$57 +2 New
SA
470
Seneschal Advisors
Washington
$31 +$29 +1 New
Norges Bank
471
Norges Bank
Norway
– -$51.3M -1,793,950 Closed
Caisse de Depot et Placement du Quebec (CDPQ)
472
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
– -$18.6M -650,684 Closed
Axa
473
Axa
France
– -$9.02M -315,476 Closed
PAM
474
Panagora Asset Management
Massachusetts
– -$7.77M -271,564 Closed
CI
475
Ceera Investments
Texas
– -$6.12M -213,934 Closed
17 18
19
20 21

DBX Hedge Fund Activity: Q3 2025 in Review

470 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Dropbox (DBX) for Q3 2025, worth a combined $5.96B — up 2.9% from $5.79B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new DBX positions and 62 closed out — a net gain of 7 holders — while 153 added to existing stakes and 178 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $91.7M. The largest seller was Ameriprise, cutting an estimated $102M.

  • 470 institutional investors held Dropbox (DBX) as of Q3 2025, up from 468 in Q2 2025.
  • Funds reported $5.96B of Dropbox stock for Q3 2025, up 2.9% quarter-over-quarter.
  • 69 funds opened new Dropbox positions in Q3 2025 and 62 closed out, a net change of +7 holders.
  • The largest Dropbox buyer in Q3 2025 was LSV Asset Management, an estimated $91.7M added.
  • The largest Dropbox seller in Q3 2025 was Ameriprise, an estimated $102M sold.

Based on aggregated 13F filings for Q3 2025.