Dropbox
460 hedge funds and large institutions have $6.35B invested in Dropbox in 2023 Q3 according to their latest regulatory filings, with 71 funds opening new positions, 135 increasing their positions, 174 reducing their positions, and 55 closing their positions.
29% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 55
3% more funds holding
Funds holding: 447 → 460 (+13)
2% less capital invested
Capital invested by funds: $6.49B → $6.35B (-$144M)
4.21% less ownership
Funds ownership: 91.22% → 87.01% (-4.2%)
22% less repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 174
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
35% less call options, than puts
Call options by funds: $60.9M | Put options by funds: $93.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$68.9M |
| 2 |
Millennium Management
New York
|
+$29.3M |
| 3 |
KBC Group
Brussels,
Belgium
|
+$23M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$22.3M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$21.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$110M |
| 2 |
BlackRock
New York
|
-$81.1M |
| 3 |
JP Morgan Chase
New York
|
-$45.8M |
| 4 |
ECM
Engine Capital Management
New York
|
-$37.6M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$32.4M |
DBX Hedge Fund Activity: Q3 2023 in Review
460 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Dropbox (DBX) for Q3 2023, worth a combined $6.35B — down 2.2% from $6.49B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new DBX positions and 55 closed out — a net gain of 16 holders — while 135 added to existing stakes and 174 trimmed.
The largest buyer was Wedge Capital Management, adding an estimated $68.9M. The largest seller was Deutsche Bank, cutting an estimated $110M.
- 460 institutional investors held Dropbox (DBX) as of Q3 2023, up from 447 in Q2 2023.
- Funds reported $6.35B of Dropbox stock for Q3 2023, down 2.2% quarter-over-quarter.
- 71 funds opened new Dropbox positions in Q3 2023 and 55 closed out, a net change of +16 holders.
- The largest Dropbox buyer in Q3 2023 was Wedge Capital Management, an estimated $68.9M added.
- The largest Dropbox seller in Q3 2023 was Deutsche Bank, an estimated $110M sold.
Based on aggregated 13F filings for Q3 2023.