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422 hedge funds and large institutions have $4.19B invested in Dropbox in 2026 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 146 increasing their positions, 167 reducing their positions, and 92 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more ownership

Funds ownership:

less funds holding

Funds holding:

less repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

23% less capital invested

Capital invested by funds: $5.46B → $4.19B (-$1.28B)

42% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 92

Holders
422
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
$164M
Puts
$9.71M
Net Calls
Net Calls Change

Top Buyers

1 +$76.8M
2 +$24.4M
3 +$23.6M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$21.4M
5
Goldman Sachs
Goldman Sachs
New York
+$16.5M
Name Holding Trade Value Shares
Change
Change in
Stake
SOMRS
176
State of Michigan Retirement System
Michigan
$954K
HSA
177
Hussman Strategic Advisors
Maryland
$954K
RCAG
178
Rehmann Capital Advisory Group
Michigan
$954K
VPIM
179
Vanguard Personalized Indexing Management
California
$952K
NAAA
180
New Age Alpha Advisors
New York
$934K
JFG
181
Jefferies Financial Group
New York
$924K
Thrivent Financial for Lutherans
182
Thrivent Financial for Lutherans
Minnesota
$893K
NMIMC
183
Northwestern Mutual Investment Management Company
Wisconsin
$888K
NMERB
184
New Mexico Educational Retirement Board
New Mexico
$868K
SC
185
SummitTX Capital
Texas
$844K
CCIA
186
Campbell & Co Investment Adviser
Maryland
$835K
Nomura Holdings
187
Nomura Holdings
Japan
$822K
OPERF
188
Oregon Public Employees Retirement Fund
Oregon
$813K
PCP
189
Perbak Capital Partners
United Kingdom
$812K
KIM
190
Kestra Investment Management
Texas
$807K
LAM
191
Lakewood Asset Management
Illinois
$783K
SDIC
192
South Dakota Investment Council
South Dakota
$768K
DTL
193
Dynamic Technology Lab
Singapore
$753K
ASN
194
Advisory Services Network
Georgia
$726K
AIP
195
Ameritas Investment Partners
Nebraska
$726K
VEA
196
Virtus ETF Advisers
New York
$726K
DO
197
denkapparat Operations
Germany
$725K
Mercer Global Advisors
198
Mercer Global Advisors
Colorado
$717K
Daiwa Securities Group
199
Daiwa Securities Group
Japan
$707K
ETC
200
Exchange Traded Concepts
Oklahoma
$703K