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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
NRD
151
Nebula Research & Development
New York
$1.91M +$2.07M +71,329 New
HSBC Holdings
152
HSBC Holdings
United Kingdom
$1.89M +$937K +32,219 +82%
SGA
153
Strategic Global Advisors
California
$1.87M -$65.1K -2,240 -3%
AFA
154
Abacus FCF Advisors
Florida
$1.78M -$382K -13,125 -16%
Cerity Partners
155
Cerity Partners
New York
$1.78M -$1.1M -37,792 -36%
Grantham, Mayo, Van Otterloo & Co (GMO)
156
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$1.76M +$1.91M +65,799 New
PI
157
PineBridge Investments
New York
$1.75M -$2M -68,775 -51%
OTPPB
158
Ontario Teachers' Pension Plan Board
Ontario, Canada
$1.72M +$429K +14,773 +30%
ASRS
159
Arizona State Retirement System
Arizona
$1.72M -$136K -4,663 -7%
Handelsbanken Fonder
160
Handelsbanken Fonder
Sweden
$1.65M
OQS
161
Occudo Quantitative Strategies
Florida
$1.64M +$1.79M +61,737 New
OAC
162
OMERS Administration Corp
Ontario, Canada
$1.62M
LSERS
163
Louisiana State Employees Retirement System
Louisiana
$1.62M -$34.9K -1,200 -2%
OTL
164
Oak Thistle LLC
New York
$1.62M +$822K +28,275 +88%
ICM
165
Intrepid Capital Management
Florida
$1.61M -$44.2K -1,521 -2%
Verition Fund Management
166
Verition Fund Management
Connecticut
$1.57M -$2.16M -74,203 -56%
DT
167
Diversified Trust
Tennessee
$1.54M +$2.24K +77 +0.1%
Zurich Cantonal Bank
168
Zurich Cantonal Bank
Switzerland
$1.51M -$167K -5,743 -9%
SPS
169
Susquehanna Portfolio Strategies
Pennsylvania
$1.5M +$1.63M +55,992 New
APF
170
Alaska Permanent Fund
Alaska
$1.46M
Wellington Management Group
171
Wellington Management Group
Massachusetts
$1.45M -$94.5K -3,250 -6%
TI
172
Tidal Investments
Wisconsin
$1.4M +$220K +7,568 +17%
SOMRS
173
State of Michigan Retirement System
Michigan
$1.38M -$26.2K -900 -2%
COPPSERS
174
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.38M +$75K +2,579 +5%
Creative Planning
175
Creative Planning
Kansas
$1.38M -$44.5K -1,532 -3%

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.