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456 hedge funds and large institutions have $5.87B invested in Dropbox in 2025 Q1 according to their latest regulatory filings, with 73 funds opening new positions, 145 increasing their positions, 171 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more call options, than puts

Call options by funds: $240M | Put options by funds: $125M

9% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 67

1% more funds holding

Funds holding: 453456 (+3)

4.67% less ownership

Funds ownership: 102.49%97.82% (-4.7%)

14% less capital invested

Capital invested by funds: $6.85B → $5.87B (-$980M)

15% less repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 171

Holders
456
Holders Change
+3
Holders Change %
+0.66%
% of All Funds
6.12%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
73
Increased
145
Reduced
171
Closed
67
Calls
$240M
Puts
$125M
Net Calls
+$115M
Net Calls Change
-$106M
Name Holding Trade Value Shares
Change
Change in
Stake
Barclays
26
Barclays
United Kingdom
$50.4M +$261K +8,972 +0.5%
VOYA Investment Management
27
VOYA Investment Management
Georgia
$50.2M -$10.6M -363,193 -16%
SCP
28
Seizert Capital Partners
Michigan
$50.2M +$45.9M +1,578,566 +525%
Russell Investments Group
29
Russell Investments Group
United Kingdom
$49.4M -$16.2M -555,534 -23%
DekaBank Deutsche Girozentrale
30
DekaBank Deutsche Girozentrale
Germany
$49.4M +$2.77M +95,205 +5%
KBC Group
31
KBC Group
Belgium
$46.7M -$11.8M -405,857 -19%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$34.9M -$13.2M -455,343 -26%
Voloridge Investment Management
33
Voloridge Investment Management
Florida
$34.5M -$268K -9,202 -0.7%
BNP Paribas Financial Markets
34
BNP Paribas Financial Markets
France
$32.9M +$24.1M +829,187 +207%
Bank of America
35
Bank of America
North Carolina
$30.8M -$6.09M -209,526 -15%
Goldman Sachs
36
Goldman Sachs
New York
$30.7M -$82M -2,821,224 -71%
Canada Pension Plan Investment Board
37
Canada Pension Plan Investment Board
Ontario, Canada
$29.7M +$4.72M +162,300 +17%
Man Group
38
Man Group
United Kingdom
$28.6M -$5.58M -192,075 -15%
D.E. Shaw & Co
39
D.E. Shaw & Co
New York
$27.5M +$21M +721,879 +236%
Mackenzie Financial
40
Mackenzie Financial
Ontario, Canada
$27.4M -$8.48M -291,628 -22%
Allianz Asset Management
41
Allianz Asset Management
Germany
$26.2M +$5.81M +199,768 +26%
UBS AM
42
UBS AM
Illinois
$25.6M -$23.3M -802,776 -46%
Franklin Resources
43
Franklin Resources
California
$25.1M +$5.36M +184,279 +24%
Retirement Systems of Alabama
44
Retirement Systems of Alabama
Alabama
$24.1M -$685K -23,571 -3%
SEI Investments
45
SEI Investments
Pennsylvania
$23.6M +$2.45M +84,321 +11%
N
46
Nuveen
North Carolina
$23.4M +$8.91M +306,601 +54%
Deutsche Bank
47
Deutsche Bank
Germany
$23M -$1.26M -43,268 -5%
Mitsubishi UFJ Trust & Banking
48
Mitsubishi UFJ Trust & Banking
Japan
$23M -$1.22M -41,981 -5%
Massachusetts Financial Services
49
Massachusetts Financial Services
Massachusetts
$21.9M +$2.21M +76,111 +10%
Invesco
50
Invesco
Georgia
$20.6M +$5.99M +205,890 +36%

DBX Hedge Fund Activity: Q1 2025 in Review

456 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Dropbox (DBX) for Q1 2025, worth a combined $5.87B — down 14% from $6.85B a quarter earlier.

Buyers outnumbered sellers: 73 funds opened new DBX positions and 67 closed out — a net gain of 6 holders — while 145 added to existing stakes and 171 trimmed.

The largest buyer was Wedge Capital Management, adding an estimated $58.7M. The largest seller was Ameriprise, cutting an estimated $123M.

  • 456 institutional investors held Dropbox (DBX) as of Q1 2025, up from 453 in Q4 2024.
  • Funds reported $5.87B of Dropbox stock for Q1 2025, down 14% quarter-over-quarter.
  • 73 funds opened new Dropbox positions in Q1 2025 and 67 closed out, a net change of +6 holders.
  • The largest Dropbox buyer in Q1 2025 was Wedge Capital Management, an estimated $58.7M added.
  • The largest Dropbox seller in Q1 2025 was Ameriprise, an estimated $123M sold.

Based on aggregated 13F filings for Q1 2025.