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
AllianceBernstein
76
AllianceBernstein
Tennessee
$7.95M
UM
77
UniSuper Management
Australia
$7.67M
CGH
78
Crossmark Global Holdings
Texas
$7.4M
Capital Fund Management (CFM)
79
Capital Fund Management (CFM)
France
$7.31M
BNP Paribas Asset Management
80
BNP Paribas Asset Management
France
$6.91M
IMRF
81
Illinois Municipal Retirement Fund
Illinois
$6.77M
Carson Wealth (CWM LLC)
82
Carson Wealth (CWM LLC)
Nebraska
$6.33M
Nisa Investment Advisors
83
Nisa Investment Advisors
Missouri
$6.22M
WorldQuant Millennium Advisors
84
WorldQuant Millennium Advisors
New York
$6.16M
MPM
85
Meritage Portfolio Management
Kansas
$6.04M
CB
86
Commerce Bank
Missouri
$5.97M
VI
87
Vestcor Inc
New Brunswick, Canada
$5.89M
LS
88
Livforsakringsbolaget Skandia
Sweden
$5.64M
VOYA Investment Management
89
VOYA Investment Management
Georgia
$5.49M
Amundi
90
Amundi
France
$5.44M
EP
91
Edgestream Partners
New Jersey
$5.41M
Tudor Investment Corp
92
Tudor Investment Corp
Connecticut
$5.36M
IC
93
IEQ Capital
California
$5.32M
Skandinaviska Enskilda Banken (SEB)
94
Skandinaviska Enskilda Banken (SEB)
Sweden
$5.16M
SG Americas Securities
95
SG Americas Securities
New York
$5M
California State Teachers Retirement System (CalSTRS)
96
California State Teachers Retirement System (CalSTRS)
California
$4.85M
State Board of Administration of Florida Retirement System
97
State Board of Administration of Florida Retirement System
Florida
$4.65M
ZIM
98
Zacks Investment Management
Illinois
$4.63M
GLA
99
Great Lakes Advisors
Illinois
$4.52M
N
100
Natixis
France
$4.47M