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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
MOACM
126
Mutual of America Capital Management
New York
$2.98M -$180K -6,180 -5%
Envestnet Asset Management
127
Envestnet Asset Management
Illinois
$2.93M +$2.04M +70,023 +177%
PP
128
Prudential plc
United Kingdom
$2.82M +$1.47M +50,646 +92%
PA
129
Paralel Advisors
Colorado
$2.76M
WG
130
Winton Group
United Kingdom
$2.72M -$2.7M -92,874 -48%
New York State Teachers Retirement System (NYSTRS)
131
New York State Teachers Retirement System (NYSTRS)
New York
$2.72M +$185K +6,366 +7%
AB
132
Amalgamated Bank
New York
$2.69M -$205K -7,049 -7%
HT
133
Headlands Technologies
Illinois
$2.59M +$700K +24,070 +33%
ETC
134
Exchange Traded Concepts
Oklahoma
$2.53M -$876K -30,143 -24%
MAM
135
Martingale Asset Management
Massachusetts
$2.42M +$1.06M +36,548 +67%
State of Tennessee, Department of Treasury
136
State of Tennessee, Department of Treasury
Tennessee
$2.41M -$220K -7,584 -8%
Assenagon Asset Management
137
Assenagon Asset Management
Luxembourg
$2.36M +$170K +5,842 +7%
Macquarie Group
138
Macquarie Group
Australia
$2.35M
Raymond James Financial
139
Raymond James Financial
Florida
$2.35M +$127K +4,376 +5%
JF
140
Jump Financial
Illinois
$2.29M +$2.5M +85,900 New
TRSOTSOK
141
Teachers Retirement System of the State of Kentucky
Kentucky
$2.16M
Carson Wealth (CWM LLC)
142
Carson Wealth (CWM LLC)
Nebraska
$2.15M -$150K -5,163 -6%
PFSRSONJ
143
Police & Firemen's Retirement System of New Jersey
New Jersey
$2.12M -$153K -5,255 -6%
AIMCA
144
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$2.11M +$2.29M +78,900 New
AC
145
Aristeia Capital
Connecticut
$2.09M -$295K -10,156 -11%
TD Asset Management
146
TD Asset Management
Ontario, Canada
$2.03M +$1.39M +47,800 +170%
UM
147
UniSuper Management
Australia
$2.03M +$2.21M +75,889 New
YCM
148
Yousif Capital Management
Michigan
$1.99M -$194K -6,690 -8%
State of New Jersey Common Pension Fund D
149
State of New Jersey Common Pension Fund D
New Jersey
$1.97M -$147K -5,041 -6%
LCM
150
Legato Capital Management
California
$1.93M +$2.1M +72,104 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.