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
TI
176
Tidal Investments
Wisconsin
$1.4M
State of Tennessee, Department of Treasury
177
State of Tennessee, Department of Treasury
Tennessee
$1.38M
YCM
178
Yousif Capital Management
Michigan
$1.37M
Zurich Cantonal Bank
179
Zurich Cantonal Bank
Switzerland
$1.36M
VI
180
Versor Investments
New York
$1.35M
DT
181
Diversified Trust
Tennessee
$1.35M
LSERS
182
Louisiana State Employees Retirement System
Louisiana
$1.34M
LPL Financial
183
LPL Financial
California
$1.32M
LAM
184
Lakewood Asset Management
Illinois
$1.25M
WAM
185
Weiss Asset Management
Massachusetts
$1.25M
IG
186
ING Group
Netherlands
$1.22M
Mirae Asset Global Investments
187
Mirae Asset Global Investments
South Korea
$1.22M
COPPSERS
188
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.21M
NAAA
189
New Age Alpha Advisors
New York
$1.2M
HT
190
Headlands Technologies
Illinois
$1.15M
SOMRS
191
State of Michigan Retirement System
Michigan
$1.15M
PI
192
PineBridge Investments
New York
$1.14M
VEA
193
Virtus ETF Advisers
New York
$1.14M
VPIM
194
Vanguard Personalized Indexing Management
California
$1.12M
RIM
195
Redwood Investment Management
Arizona
$1.1M
WWA
196
WCG Wealth Advisors
Nevada
$1.1M
FRM
197
Fox Run Management
Connecticut
$1.09M
NMIMC
198
Northwestern Mutual Investment Management Company
Wisconsin
$1.08M
Wealth Enhancement Advisory Services
199
Wealth Enhancement Advisory Services
Minnesota
$1.08M
KIM
200
Kestra Investment Management
Texas
$1.07M