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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
GT
51
Glenmede Trust
Pennsylvania
$20.2M -$30.7K -1,057 -0.1%
KK
52
KLP Kapitalforvaltning
Norway
$19.8M -$2.96M -101,700 -12%
Victory Capital Management
53
Victory Capital Management
Texas
$19.1M -$155K -5,326 -0.7%
QCM
54
Quantinno Capital Management
New York
$19M +$8.92M +306,853 +76%
RhumbLine Advisers
55
RhumbLine Advisers
Massachusetts
$16.4M -$708K -24,362 -4%
Two Sigma Investments
56
Two Sigma Investments
New York
$16.4M +$16.4M +562,447 +1,130%
Norges Bank
57
Norges Bank
Norway
$15.7M -$2.7M -92,792 -14%
HF
58
HRT Financial
New York
$15.3M +$13.3M +457,333 +401%
BA
59
Bridgewater Associates
Connecticut
$14.5M -$12.8M -440,484 -45%
Principal Financial Group
60
Principal Financial Group
Iowa
$13.4M -$403K -13,866 -3%
Jane Street
61
Jane Street
New York
$13.2M -$6.88M -236,660 -32%
Mirae Asset Global ETFs Holdings
62
Mirae Asset Global ETFs Holdings
Hong Kong
$12.8M +$98.7K +3,395 +0.7%
Legal & General Group
63
Legal & General Group
United Kingdom
$12.6M -$216K -7,444 -2%
DCP
64
Distillate Capital Partners
Illinois
$12.5M -$1.1M -37,964 -7%
Amundi
65
Amundi
France
$11.9M +$2.14M +73,476 +20%
Connor, Clark & Lunn Investment Management (CC&L)
66
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$11.6M -$3M -103,197 -19%
Swiss National Bank
67
Swiss National Bank
Switzerland
$11.6M -$962K -33,100 -7%
SFI
68
Susquehanna Fundamental Investments
Pennsylvania
$11.6M +$3.27M +112,387 +35%
Millennium Management
69
Millennium Management
New York
$11.4M -$2.69M -92,636 -18%
Axa
70
Axa
France
$11.2M -$5.28M -181,647 -30%
Two Sigma Advisers
71
Two Sigma Advisers
New York
$10.9M +$8.09M +278,400 +212%
Twin Tree Management
72
Twin Tree Management
Texas
$10.7M +$11.6M +399,641 New
California Public Employees Retirement System
73
California Public Employees Retirement System
California
$10.6M -$21.7M -746,178 -65%
AllianceBernstein
74
AllianceBernstein
Tennessee
$10.4M -$1.25M -42,832 -10%
GAM
75
Gotham Asset Management
New York
$10.1M +$3.22M +110,663 +42%

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.