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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
American Century Companies
76
American Century Companies
Missouri
$9.56M -$1.21M -41,527 -10%
Canada Life
77
Canada Life
Manitoba, Canada
$8.93M +$502K +17,251 +5%
Citigroup
78
Citigroup
New York
$8.13M +$1.29M +44,352 +17%
MPM
79
Meritage Portfolio Management
Kansas
$8.02M -$249K -8,554 -3%
AG
80
Algert Global
California
$7.82M -$2.4M -82,430 -22%
Janus Henderson Group
81
Janus Henderson Group
United Kingdom
$7.31M +$234K +8,050 +3%
PAM
82
Panagora Asset Management
Massachusetts
$7.25M -$12.2K -420 -0.2%
CGH
83
Crossmark Global Holdings
Texas
$6.82M +$1.97M +67,805 +36%
Comerica Bank
84
Comerica Bank
Texas
$6.7M +$4.36M +150,063 +149%
CF
85
Corebridge Financial
Texas
$6.41M -$376K -12,936 -5%
Universal-Beteiligungs- und Servicegesellschaft
86
Universal-Beteiligungs- und Servicegesellschaft
Germany
$6.4M +$6.97M +239,632 New
Wells Fargo
87
Wells Fargo
California
$6.34M +$5.94M +204,315 +620%
FCM
88
Fieldview Capital Management
Michigan
$5.97M +$1.33M +45,633 +26%
State Board of Administration of Florida Retirement System
89
State Board of Administration of Florida Retirement System
Florida
$5.96M
California State Teachers Retirement System (CalSTRS)
90
California State Teachers Retirement System (CalSTRS)
California
$5.87M -$73.1K -2,515 -1%
CI
91
Ceera Investments
Texas
$5.85M -$199K -6,840 -3%
IC
92
IEQ Capital
California
$5.61M -$979K -33,688 -14%
Susquehanna International Group
93
Susquehanna International Group
Pennsylvania
$5.58M -$1.2M -41,411 -17%
VI
94
Vestcor Inc
New Brunswick, Canada
$5.55M +$2.71M +93,162 +81%
CB
95
Commerce Bank
Missouri
$5.42M +$2.87M +98,867 +95%
IIM
96
INTECH Investment Management
Florida
$5.36M +$1.46M +50,305 +33%
Treasurer of the State of North Carolina
97
Treasurer of the State of North Carolina
North Carolina
$5.32M +$772K +26,549 +15%
Nisa Investment Advisors
98
Nisa Investment Advisors
Missouri
$5.17M +$5.47M +188,222 +3,493%
IMRF
99
Illinois Municipal Retirement Fund
Illinois
$4.83M
Manulife (Manufacturers Life Insurance)
100
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$4.76M -$243K -8,342 -4%

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.