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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
Vanguard Group
1
Vanguard Group
Pennsylvania
$687M -$51.6M -1,775,229 -6%
BlackRock
2
BlackRock
New York
$637M -$31M -1,067,167 -4%
Ameriprise
3
Ameriprise
Minnesota
$429M -$123M -4,243,674 -21%
Renaissance Technologies
4
Renaissance Technologies
New York
$281M -$1.03M -35,400 -0.3%
Acadian Asset Management
5
Acadian Asset Management
Massachusetts
$228M +$4.57M +157,148 +2%
LSV Asset Management
6
LSV Asset Management
Illinois
$204M +$34.5M +1,187,395 +18%
State Street
7
State Street
Massachusetts
$199M -$5.07M -174,503 -2%
Arrowstreet Capital
8
Arrowstreet Capital
Massachusetts
$162M +$24.2M +832,039 +16%
Jacobs Levy Equity Management
9
Jacobs Levy Equity Management
New Jersey
$153M -$12.1M -414,811 -7%
Morgan Stanley
10
Morgan Stanley
New York
$152M -$3.54M -121,641 -2%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$124M +$10.5M +359,742 +9%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$112M -$32.2M -1,106,844 -21%
UBS Group
13
UBS Group
Switzerland
$105M +$10.4M +358,583 +10%
Charles Schwab
14
Charles Schwab
California
$78.8M +$1.05M +36,268 +1%
JP Morgan Chase
15
JP Morgan Chase
New York
$77.5M +$18.9M +649,410 +29%
Pacer Advisors
16
Pacer Advisors
Pennsylvania
$77M -$122M -4,202,730 -59%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$73.2M +$2.69M +92,473 +3%
AQR Capital Management
18
AQR Capital Management
Connecticut
$72.7M -$15.8M -542,663 -16%
Caisse de Depot et Placement du Quebec (CDPQ)
19
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$66.3M +$19.9M +684,882 +38%
First Trust Advisors
20
First Trust Advisors
Illinois
$63.6M -$1.02M -35,070 -1%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$61.6M -$7.63M -262,348 -10%
Northern Trust
22
Northern Trust
Illinois
$59.2M +$1.82M +62,493 +3%
Robeco Institutional Asset Management
23
Robeco Institutional Asset Management
Netherlands
$57.4M -$627K -21,574 -1%
WCM
24
Wedge Capital Management
North Carolina
$57.2M +$58.7M +2,017,997 +1,640%
VRS
25
Virginia Retirement Systems
Virginia
$53.6M +$58.4M +2,008,200 New

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.