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Dropbox
DBX

470 hedge funds and large institutions have $5.96B invested in Dropbox in 2025 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 153 increasing their positions, 178 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

302% more call options, than puts

Call options by funds: $311M | Put options by funds: $77.5M

11% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 62

2.91% more ownership

Funds ownership: 98.97% → 101.89% (+2.9%)

3% more capital invested

Capital invested by funds: $5.79B → $5.96B (+$166M)

0% more funds holding

Funds holding: 468 → 470 (+2)

14% less repeat investments, than reductions

Existing positions increased: 153 | Existing positions reduced: 178

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
470
Holders Change
+2
Holders Change %
+0.43%
% of All Funds
6.17%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
69
Increased
153
Reduced
178
Closed
62
Calls
$311M
Puts
$77.5M
Net Calls
+$234M
Net Calls Change
+$92.2M

Top Buyers

1
LSV Asset Management
LSV Asset Management
Illinois
+$91.7M
2
Citadel Advisors
Citadel Advisors
Florida
+$29.2M
3
Allianz Asset Management
Allianz Asset Management
Germany
+$19.6M
4
Northern Trust
Northern Trust
Illinois
+$16M
5
BA
Bridgewater Associates
Connecticut
+$14.2M

Top Sellers

1
Ameriprise
Ameriprise
Minnesota
-$102M
2
BlackRock
BlackRock
New York
-$35.3M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$32.5M
4
Morgan Stanley
Morgan Stanley
New York
-$32.3M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$24.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
AFA
126
Abacus FCF Advisors
Florida
$3.23M +$87.2K +3,048 +3%
Janus Henderson Group
127
Janus Henderson Group
United Kingdom
$3.2M +$548K +19,179 +22%
HSA
128
Hussman Strategic Advisors
Maryland
$3.17M +$601K +21,000 +25%
GIS
129
Graphene Investments SAS
France
$3.12M -$372K -13,000 -11%
Teacher Retirement System of Texas
130
Teacher Retirement System of Texas
Texas
$3.12M -$263K -9,189 -8%
Macquarie Group
131
Macquarie Group
Australia
$3.11M +$185K +6,472 +7%
XT
132
XTX Topco
Cayman Islands
$3.06M +$2.9M +101,305 New
PA
133
Paralel Advisors
Colorado
$3.03M +$3.75K +131 +0.1%
MIM
134
MetLife Investment Management
New Jersey
$2.94M -$307K -10,737 -10%
Cerity Partners
135
Cerity Partners
New York
$2.72M -$422K -14,761 -14%
AB
136
Amalgamated Bank
New York
$2.66M -$144K -5,019 -5%
TD Asset Management
137
TD Asset Management
Ontario, Canada
$2.6M +$71.5K +2,500 +3%
MOACM
138
Mutual of America Capital Management
New York
$2.58M -$346K -12,103 -12%
New York State Teachers Retirement System (NYSTRS)
139
New York State Teachers Retirement System (NYSTRS)
New York
$2.56M -$270K -9,436 -10%
PFSRSONJ
140
Police & Firemen's Retirement System of New Jersey
New Jersey
$2.55M +$213K +7,464 +10%
Capital Fund Management (CFM)
141
Capital Fund Management (CFM)
France
$2.51M +$2.37M +82,999 New
TI
142
Trexquant Investment
Connecticut
$2.46M +$2.33M +81,523 New
ETC
143
Exchange Traded Concepts
Oklahoma
$2.45M -$56.7K -1,984 -2%
WAM
144
Weiss Asset Management
Massachusetts
$2.35M +$2.22M +77,798 New
RWM
145
Ritholtz Wealth Management
New York
$2.33M +$32.8K +1,147 +2%
State of New Jersey Common Pension Fund D
146
State of New Jersey Common Pension Fund D
New Jersey
$2.27M +$193K +6,733 +10%
SGA
147
Strategic Global Advisors
California
$2.26M -$23.2K -812 -1%
Raymond James Financial
148
Raymond James Financial
Florida
$2.2M -$233K -8,163 -10%
AFG
149
ABLE Financial Group
Arizona
$2.19M +$357K +12,477 +21%
LCM
150
Legato Capital Management
California
$2.18M – – –
4 5
6
7 8

DBX Hedge Fund Activity: Q3 2025 in Review

470 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Dropbox (DBX) for Q3 2025, worth a combined $5.96B — up 2.9% from $5.79B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new DBX positions and 62 closed out — a net gain of 7 holders — while 153 added to existing stakes and 178 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $91.7M. The largest seller was Ameriprise, cutting an estimated $102M.

  • 470 institutional investors held Dropbox (DBX) as of Q3 2025, up from 468 in Q2 2025.
  • Funds reported $5.96B of Dropbox stock for Q3 2025, up 2.9% quarter-over-quarter.
  • 69 funds opened new Dropbox positions in Q3 2025 and 62 closed out, a net change of +7 holders.
  • The largest Dropbox buyer in Q3 2025 was LSV Asset Management, an estimated $91.7M added.
  • The largest Dropbox seller in Q3 2025 was Ameriprise, an estimated $102M sold.

Based on aggregated 13F filings for Q3 2025.