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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
ZIM
101
Zacks Investment Management
Illinois
$4.69M +$196K +6,758 +4%
Bank of Nova Scotia
102
Bank of Nova Scotia
Ontario, Canada
$4.6M +$5.01M +172,218 New
Citadel Advisors
103
Citadel Advisors
Florida
$4.5M -$8.26M -284,007 -63%
DFCM
104
Dark Forest Capital Management
Puerto Rico
$4.37M +$4.75M +163,542 New
SOADOR
105
State of Alaska Department of Revenue
Alaska
$4.33M -$1.02K -35 -0%
NPT
106
National Philanthropic Trust
Pennsylvania
$4.23M
BAMF
107
BI Asset Management Fondsmaeglerselskab
Denmark
$4.2M +$3.38M +116,222 +282%
LS
108
Livforsakringsbolaget Skandia
Sweden
$4.18M
State of Wisconsin Investment Board
109
State of Wisconsin Investment Board
Wisconsin
$4.08M -$315K -10,834 -7%
Swedbank
110
Swedbank
Sweden
$3.78M
T. Rowe Price Associates
111
T. Rowe Price Associates
Maryland
$3.74M +$83.7K +2,880 +2%
BGIM
112
Brandywine Global Investment Management
Pennsylvania
$3.63M -$21.5K -741 -0.5%
Ensign Peak Advisors
113
Ensign Peak Advisors
Utah
$3.6M +$199K +6,846 +5%
CAPTRUST Financial Advisors
114
CAPTRUST Financial Advisors
North Carolina
$3.55M +$1.54M +52,934 +66%
3IP
115
3Chopt Investment Partners
Virginia
$3.4M +$197K +6,781 +6%
MIM
116
MetLife Investment Management
New Jersey
$3.29M -$164K -5,650 -4%
New York State Common Retirement Fund
117
New York State Common Retirement Fund
New York
$3.27M -$181K -6,231 -5%
EGM
118
Engineers Gate Manager
New York
$3.22M -$2.75M -94,493 -44%
CDDEC
119
Caisse Des Depots Et Consignations
France
$3.21M
Teacher Retirement System of Texas
120
Teacher Retirement System of Texas
Texas
$3.2M -$3.6M -123,848 -51%
Ohio Public Employees Retirement System (OPERS)
121
Ohio Public Employees Retirement System (OPERS)
Ohio
$3.19M -$494K -16,984 -12%
Schroder Investment Management Group
122
Schroder Investment Management Group
United Kingdom
$3.18M -$12.4M -427,051 -78%
GIS
123
Graphene Investments SAS
France
$3.03M +$465K +16,000 +16%
IG
124
ING Group
Netherlands
$2.99M +$3.25M +111,900 New
ECM
125
ExodusPoint Capital Management
New York
$2.98M +$3.25M +111,673 New

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.