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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: 468470 (+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: 10 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
California Public Employees Retirement System
51
California Public Employees Retirement System
California
$19.2M -$2.73M -95,504 -13%
Jane Street
52
Jane Street
New York
$19M +$5.14M +179,755 +40%
EGM
53
Engineers Gate Manager
New York
$18.6M +$3.04M +106,231 +21%
Citigroup
54
Citigroup
New York
$18.3M +$6.43M +224,786 +59%
Bank of America
55
Bank of America
North Carolina
$17.3M -$14.3M -499,458 -47%
Invesco
56
Invesco
Georgia
$17.2M -$7.04M -246,087 -30%
Canada Pension Plan Investment Board
57
Canada Pension Plan Investment Board
Ontario, Canada
$17M +$5.21M +182,200 +48%
Thrivent Financial for Lutherans
58
Thrivent Financial for Lutherans
Minnesota
$16.3M +$14.1M +493,271 +1,068%
RhumbLine Advisers
59
RhumbLine Advisers
Massachusetts
$16.2M -$868K -30,340 -5%
Schroder Investment Management Group
60
Schroder Investment Management Group
United Kingdom
$14.9M +$10.5M +366,025 +301%
BNP Paribas Financial Markets
61
BNP Paribas Financial Markets
France
$14.4M -$2.82M -98,627 -17%
American Century Companies
62
American Century Companies
Missouri
$13.9M +$6.84M +239,264 +108%
DCP
63
Distillate Capital Partners
Illinois
$13.3M -$171K -5,971 -1%
Principal Financial Group
64
Principal Financial Group
Iowa
$12.4M -$987K -34,497 -8%
IIM
65
INTECH Investment Management
Florida
$12.3M +$6.3M +220,176 +117%
Mirae Asset Global ETFs Holdings
66
Mirae Asset Global ETFs Holdings
Hong Kong
$12.2M -$1.08M -37,761 -9%
Two Sigma Advisers
67
Two Sigma Advisers
New York
$11.8M +$9.21M +322,000 +462%
Legal & General Group
68
Legal & General Group
United Kingdom
$11.7M -$1.54M -53,757 -12%
Swiss National Bank
69
Swiss National Bank
Switzerland
$11.5M -$177K -6,200 -2%
AIM
70
AXA Investment Managers
France
$11.3M +$10.7M +373,108 New
Universal-Beteiligungs- und Servicegesellschaft
71
Universal-Beteiligungs- und Servicegesellschaft
Germany
$10.9M +$5.4M +188,826 +109%
Treasurer of the State of North Carolina
72
Treasurer of the State of North Carolina
North Carolina
$10.9M -$324K -11,340 -3%
Amundi
73
Amundi
France
$10M +$3.54M +123,841 +57%
Tudor Investment Corp
74
Tudor Investment Corp
Connecticut
$9.45M +$8.95M +312,892 New
Two Sigma Investments
75
Two Sigma Investments
New York
$8.76M +$4.24M +148,162 +104%

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.