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
Focus Partners Wealth
151
Focus Partners Wealth
Massachusetts
$1.89M
STA
152
Summit Trail Advisors
New York
$1.88M
Creative Planning
153
Creative Planning
Kansas
$1.85M
MAM
154
Martingale Asset Management
Massachusetts
$1.81M
SC
155
SummitTX Capital
Texas
$1.79M
TRSOTSOK
156
Teachers Retirement System of the State of Kentucky
Kentucky
$1.72M
A
157
AlphaQuest
New York
$1.65M
State of Wisconsin Investment Board
158
State of Wisconsin Investment Board
Wisconsin
$1.64M
Susquehanna International Group
159
Susquehanna International Group
Pennsylvania
$1.61M
Corient Private Wealth
160
Corient Private Wealth
Florida
$1.6M
Bank of Nova Scotia
161
Bank of Nova Scotia
Ontario, Canada
$1.59M
JAM
162
Jupiter Asset Management
United Kingdom
$1.59M
CCIA
163
Campbell & Co Investment Adviser
Maryland
$1.59M
Handelsbanken Fonder
164
Handelsbanken Fonder
Sweden
$1.58M
Mercer Global Advisors
165
Mercer Global Advisors
Colorado
$1.58M
CastleKeep Investment Advisors
166
CastleKeep Investment Advisors
Connecticut
$1.58M
BCI
167
Brinker Capital Investments
Pennsylvania
$1.54M
CCMG
168
Clark Capital Management Group
Pennsylvania
$1.54M
ICM
169
Intrepid Capital Management
Florida
$1.53M
SCM
170
Sterling Capital Management
North Carolina
$1.52M
CIP
171
Convergence Investment Partners
Florida
$1.49M
OTL
172
Oak Thistle LLC
New York
$1.45M
OQS
173
Occudo Quantitative Strategies
Florida
$1.44M
ASRS
174
Arizona State Retirement System
Arizona
$1.43M
Wellington Management Group
175
Wellington Management Group
Massachusetts
$1.43M