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Dropbox
DBX

427 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, 148 increasing their positions, 169 reducing their positions, and 93 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,591% more call options, than puts

Call options by funds: $164M | Put options by funds: $9.71M

3.74% more ownership

Funds ownership: 107.54% → 111.28% (+3.7%)

10% less funds holding

Funds holding: 475 → 427 (-48)

12% less repeat investments, than reductions

Existing positions increased: 148 | Existing positions reduced: 169

23% less capital invested

Capital invested by funds: $5.46B → $4.19B (-$1.27B)

43% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 93

Holders
427
Holders Change
-48
Holders Change %
-10.11%
% of All Funds
5.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
53
Increased
148
Reduced
169
Closed
93
Calls
$164M
Puts
$9.71M
Net Calls
+$154M
Net Calls Change
-$78.5M

Top Buyers

Rank Fund Capital Flow
1
Two Sigma Investments
Two Sigma Investments
New York
+$76.8M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$24.4M
3
Allianz Asset Management
Allianz Asset Management
Germany
+$23.6M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$21.4M
5
Goldman Sachs
Goldman Sachs
New York
+$16.5M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$86.5M
2
VRS
Virginia Retirement Systems
Virginia
-$28.8M
3
Ameriprise
Ameriprise
Minnesota
-$24M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$23.4M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$23.1M

DBX Hedge Fund Activity: Q1 2026 in Review

427 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in Dropbox (DBX) for Q1 2026, worth a combined $4.19B — down 23% from $5.46B a quarter earlier.

Sellers outnumbered buyers: 93 funds closed out of DBX and 53 opened new positions — a net loss of 40 holders — while 169 trimmed existing stakes and 148 added.

The largest buyer was Two Sigma Investments, adding an estimated $76.8M. The largest seller was Fidelity Investments, cutting an estimated $86.5M.

  • 427 institutional investors held Dropbox (DBX) as of Q1 2026, down from 475 in Q4 2025.
  • Funds reported $4.19B of Dropbox stock for Q1 2026, down 23% quarter-over-quarter.
  • 53 funds opened new Dropbox positions in Q1 2026 and 93 closed out, a net change of -40 holders.
  • The largest Dropbox buyer in Q1 2026 was Two Sigma Investments, an estimated $76.8M added.
  • The largest Dropbox seller in Q1 2026 was Fidelity Investments, an estimated $86.5M sold.

Based on aggregated 13F filings for Q1 2026.