463 hedge funds and large institutions have $5.45B invested in Dropbox in 2025 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 157 increasing their positions, 170 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more ownership

Funds ownership:

less funds holding

Funds holding:

8% less repeat investments, than reductions

Existing positions increased: 157 | Existing positions reduced: 170

8% less capital invested

Capital invested by funds: $5.95B → $5.45B (-$499M)

Holders
463
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$280M
Puts
$46.9M
Net Calls
Net Calls Change

Top Buyers

1 +$37.2M
2 +$31.8M
3 +$30.2M
4
QCM
Quantinno Capital Management
New York
+$24.3M
5
Millennium Management
Millennium Management
New York
+$24.1M

Top Sellers

1 -$45.8M
2 -$29.4M
3 -$24.7M
4
Ameriprise
Ameriprise
Minnesota
-$23.4M
5
Citadel Advisors
Citadel Advisors
Florida
-$20.1M
Name Holding Trade Value Shares
Change
Change in
Stake
KK
51
KLP Kapitalforvaltning
Norway
$19.3M
Citigroup
52
Citigroup
New York
$19.1M
Bank of America
53
Bank of America
North Carolina
$18.4M
Canada Pension Plan Investment Board
54
Canada Pension Plan Investment Board
Ontario, Canada
$18.1M
Invesco
55
Invesco
Georgia
$18.1M
Mackenzie Financial
56
Mackenzie Financial
Ontario, Canada
$18M
UBS AM
57
UBS AM
Illinois
$17.9M
GT
58
Glenmede Trust
Pennsylvania
$17.2M
BA
59
Bridgewater Associates
Connecticut
$16.7M
SFI
60
Susquehanna Fundamental Investments
Pennsylvania
$15.9M
Deutsche Bank
61
Deutsche Bank
Germany
$15.2M
California Public Employees Retirement System
62
California Public Employees Retirement System
California
$15M
RhumbLine Advisers
63
RhumbLine Advisers
Massachusetts
$13.6M
N
64
Nuveen
North Carolina
$13.3M
DCP
65
Distillate Capital Partners
Illinois
$12.1M
Treasurer of the State of North Carolina
66
Treasurer of the State of North Carolina
North Carolina
$11.5M
Mirae Asset Global ETFs Holdings
67
Mirae Asset Global ETFs Holdings
Hong Kong
$11.2M
Schroder Investment Management Group
68
Schroder Investment Management Group
United Kingdom
$10.8M
Principal Financial Group
69
Principal Financial Group
Iowa
$10.4M
Universal-Beteiligungs- und Servicegesellschaft
70
Universal-Beteiligungs- und Servicegesellschaft
Germany
$10.3M
Swiss National Bank
71
Swiss National Bank
Switzerland
$10.2M
XT
72
XTX Topco
Cayman Islands
$10.1M
Citadel Advisors
73
Citadel Advisors
Florida
$9.16M
Legal & General Group
74
Legal & General Group
United Kingdom
$8.27M
Comerica Bank
75
Comerica Bank
Texas
$8.11M