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
HIM
201
Hillsdale Investment Management
Ontario, Canada
$1.07M
NMERB
202
New Mexico Educational Retirement Board
New Mexico
$1.06M
QCM
203
Qsemble Capital Management
New York
$1.01M
AWA
204
Aaron Wealth Advisors
Illinois
$1M
SA
205
Strategic Advocates
Utah
$995K
AC
206
AXQ Capital
New Jersey
$992K
OPERF
207
Oregon Public Employees Retirement Fund
Oregon
$964K
DCM
208
DGS Capital Management
New Jersey
$955K
Wells Fargo
209
Wells Fargo
California
$944K
SDIC
210
South Dakota Investment Council
South Dakota
$940K
SC
211
Syon Capital
California
$931K
IC
212
Inscription Capital
Texas
$925K
BBVA
213
Banco Bilbao Vizcaya Argentaria
Spain
$920K
Daiwa Securities Group
214
Daiwa Securities Group
Japan
$896K
AIP
215
Ameritas Investment Partners
Nebraska
$889K
LCM
216
Landscape Capital Management
New Jersey
$840K
Cetera Investment Advisers
217
Cetera Investment Advisers
Illinois
$838K
GC
218
Globeflex Capital
California
$833K
HI
219
Horizon Investments
North Carolina
$797K
MFS
220
Mirabella Financial Services
United Kingdom
$786K
PCM
221
Penserra Capital Management
California
$760K
PMAM
222
Picton Mahoney Asset Management
Ontario, Canada
$757K
AC
223
AlphaCore Capital
California
$737K
Northwestern Mutual Wealth Management
224
Northwestern Mutual Wealth Management
Wisconsin
$730K
IA
225
IFP Advisors
Florida
$728K