DROPBOX INC DBX
CL A · Common Stock · CUSIP 26210C104 · ISIN US26210C1045
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersSan Francisco, CA
- Founded2007
- Websitedropbox.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($37.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.41. Options: 13 managers hold calls ($211.8m notional), 13 hold puts ($10.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 430 |
| Q4 2022 | 449 |
| Q1 2023 | 425 |
| Q2 2023 | 449 |
| Q3 2023 | 464 |
| Q4 2023 | 462 |
| Q1 2024 | 446 |
| Q2 2024 | 431 |
| Q3 2024 | 426 |
| Q4 2024 | 456 |
| Q1 2025 | 460 |
| Q2 2025 | 471 |
| Q3 2025 | 473 |
| Q4 2025 | 476 |
| Q1 2026 | 428 |
| Q2 2026 | 454 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 196 | 224 |
| Q4 2024 | 208 | 204 |
| Q1 2025 | 210 | 236 |
| Q2 2025 | 237 | 221 |
| Q3 2025 | 216 | 240 |
| Q4 2025 | 208 | 231 |
| Q1 2026 | 191 | 260 |
| Q2 2026 | 217 | 228 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $311.2m | $77.8m | 0.25 |
| Q4 2025 | $279.8m | $47.2m | 0.17 |
| Q1 2026 | $164.2m | $9.7m | 0.06 |
| Q2 2026 | $211.8m | $10.3m | 0.05 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +3.6m |
| GOLDMAN SACHS GROUP INC | Added | +1.5m |
| Gotham Asset Management, LLC | Added | +1.1m |
| MACKENZIE FINANCIAL CORP | Added | +1.0m |
| JUPITER ASSET MANAGEMENT LTD | Added | +735.1k |
| JANE STREET GROUP, LLC | Added | +688.2k |
| BARCLAYS PLC | Added | +642.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC | Added | +627.1k |
| Quantinno Capital Management LP | Added | +584.6k |
| JPMORGAN CHASE & CO | Added | +447.2k |
Biggest sellers
| BlackRock, Inc. | Reduced | -2.4m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -1.6m |
| SEIZERT CAPITAL PARTNERS, LLC | Sold out | -1.6m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.5m |
| MORGAN STANLEY | Reduced | -733.9k |
| Man Group plc | Reduced | -703.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -693.7k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -665.0k |
| FRANKLIN RESOURCES INC | Reduced | -559.1k |
| KBC Group NV | Reduced | -531.6k |
Biggest calls
| UBS Group AG | Unchanged | $179.6m6.5m shares |
| IMC-Chicago, LLC | Added | $10.2m369.9k shares |
| CITADEL ADVISORS LLC | Added | $5.8m212.6k shares |
| JANE STREET GROUP, LLC | Added | $3.3m120.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.2m117.9k shares |
| Walleye Trading LLC | Added | $2.0m73.7k shares |
| SIMPLEX TRADING, LLC | Added | $1.5m54.4k shares |
| Squarepoint Ops LLC | Added | $1.4m50.3k shares |
| GROUP ONE TRADING LLC | Added | $1.3m48.6k shares |
| Twin Tree Management, LP | New | $1.2m44.9k shares |
Biggest puts
| Twin Tree Management, LP | New | $2.2m78.7k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m51.3k shares |
| BARCLAYS PLC | New | $1.2m42.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m38.9k shares |
| Walleye Capital LLC | Added | $920.2k33.5k shares |
| IMC-Chicago, LLC | Reduced | $760.9k27.7k shares |
| Squarepoint Ops LLC | Added | $755.4k27.5k shares |
| Walleye Trading LLC | Added | $695.0k25.3k shares |
| Capula Management Ltd | Unchanged | $376.3k13.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $373.6k13.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Houston Andrew 13G · exempt (held before listing) +7.0 pts · filed 2026-05-01 | 35.3% |
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 10.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| LSV ASSET MANAGEMENT 13G · institution +1.3 pts · filed 2026-08-06 | 7.3% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 13G · institution new · filed 2026-05-15 | 5.4% |
Fell to 5% or below in the last year: VANGUARD CAPITAL MANAGEMENT LLC (4.9%, 2026-07-31; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), RENAISSANCE TECHNOLOGIES LLC (4.6%, 2026-02-12)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 4 | $42.3m | $42.3m |
| Q1 2025 | 0 | — | 4 | $19.3m | $19.3m |
| Q2 2025 | 0 | — | 7 | $10.6m | $10.6m |
| Q3 2025 | 0 | — | 9 | $12.2m | $12.2m |
| Q4 2025 | 0 | — | 6 | $10.4m | $10.4m |
| Q1 2026 | 0 | — | 6 | $12.1m | $12.1m |
| Q2 2026 | 0 | — | 8 | $6.0m | $5.4m |
| Q3 2026 | 0 | — | 9 | $20.2m | $19.6m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-15 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $74.5k2.0k shares |
| 2026-09-11 | Alkarmi Ashraf Co-CEO, director | Sold plan | $1.0m28.8k shares |
| 2026-09-10 | Houston Andrew Co-CEO, director · See Footnote | Sold plan | $13.4m383.8k shares |
| 2026-09-10 | Tennenbaum Ross Chief Financial Officer | Sold plan | $3.4m97.6k shares |
| 2026-09-04 | Yoon William T Chief Legal Officer | Sold plan | $430.6k12.4k shares |
| 2026-09-04 | Campbell Lisa M Director | Sold plan | $159.9k4.6k shares |
| 2026-08-31 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $57.9k1.6k shares |
| 2026-08-20 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $55.5k1.6k shares |
| 2026-08-18 | Webster Eric T Chief Business Officer | Sold | $539.6k15.8k shares |
| 2026-08-18 | Dasdan Ali Chief Technology Officer | Sold plan | $386.8k11.3k shares |
| 2026-07-31 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $51.6k1.6k shares |
| 2026-07-29 | Peacock Karen Director | Sold plan | $66.0k2.0k shares |
| 2026-07-15 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $39.3k1.3k shares |
| 2026-07-14 | Dasdan Ali Chief Technology Officer | Sold plan | $389.2k13.0k shares |
| 2026-07-07 | Peacock Karen Director | Sold plan | $58.0k2.0k shares |
| 2026-06-30 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $35.4k1.3k shares |
| 2026-06-15 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $35.1k1.3k shares |
| 2026-06-02 | Alkarmi Ashraf Co-CEO, director | Sold | $632.4k22.7k shares |
| 2026-06-01 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $36.1k1.3k shares |
| 2026-05-19 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $36.8k1.3k shares |
| 2026-05-18 | Houston Andrew Chief Executive Officer, director · See Footnote | Sold plan | $834.1k30.3k shares |
| 2026-05-18 | Moore Andrew William Director | Sold plan | $232.8k8.4k shares |
| 2026-05-18 | Yoon William T Chief Legal Officer | Sold plan | $199.3k7.2k shares |
| 2026-05-18 | Dasdan Ali Chief Technology Officer | Sold plan | $156.2k5.7k shares |
| 2026-05-15 | Campbell Lisa M Director | Sold plan | $111.9k4.2k shares |
| 2026-05-15 | Peacock Karen Director | Sold plan | $106.0k4.0k shares |
| 2026-05-14 | Houston Andrew Chief Executive Officer, director · See Footnote | Sold plan | $973.4k37.5k shares |
| 2026-04-30 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $42.4k1.8k shares |
| 2026-04-15 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $32.5k1.4k shares |
| 2026-04-01 | Houston Andrew Chief Executive Officer, director · See Footnote | Sold plan | $2.5m111.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 18.5m $506.8m | Reduced -2.4m |
| LSV ASSET MANAGEMENT 0.57% of their portfolio | 11.5m $316.4m | Reduced -165.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 10.6m $290.7m | Reduced -1.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.10% of their portfolio | 7.8m $215.4m | Reduced -693.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.27% of their portfolio | 7.2m $198.2m | Reduced -507.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 6.5m $179.7m | Reduced -460.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.20% of their portfolio | 6.1m $166.5m | Added +372.0k |
| MORGAN STANLEY 0.01% of their portfolio | 5.5m $151.6m | Reduced -733.9k |
| STATE STREET CORP 0.00% of their portfolio | 5.3m $146.8m | Reduced -424.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.7m $128.6m | Added +144.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.43% of their portfolio | 4.4m $119.7m | Reduced -446.5k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 4.1m $112.3m | Added +3.6m |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 4.0m $108.7m | Reduced -392.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.7m $100.6m | Added +1.5m |
| Allianz Asset Management GmbH 0.10% of their portfolio | 3.6m $95.7m | Reduced -85.4k |
| Robeco Institutional Asset Management B.V. 0.11% of their portfolio | 3.1m $86.4m | Added +29.1k |
| UBS Group AG 0.01% of their portfolio | 3.1m $85.1m | Reduced -142.7k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 1.36% of their portfolio | 3.0m $82.6m | Added +627.1k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.8m $77.1m | Added +44.3k |
| BARCLAYS PLC 0.02% of their portfolio | 2.3m $63.9m | Added +642.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.3m $62.5m | Reduced -205.7k |
| Gotham Asset Management, LLC 0.14% of their portfolio | 2.2m $61.5m | Added +1.1m |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 2.1m $58.7m | Reduced -109.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.1m $58.3m | Reduced -175.0k |
| Quantinno Capital Management LP 0.07% of their portfolio | 2.1m $57.1m | Added +584.6k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.9m $52.4m | Added +121.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9m $51.0m | Added +447.2k |
| Pacer Advisors, Inc. 0.13% of their portfolio | 1.8m $50.0m | Reduced -228.6k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 1.8m $40.0m | Unchanged |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 1.8m $48.6m | Reduced -231.7k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 1.7m $47.4m | Reduced -74.1k |
| MACKENZIE FINANCIAL CORP 0.04% of their portfolio | 1.6m $42.7m | Added +1.0m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.5m $41.3m | Added +108.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.3m $36.5m | Reduced -559.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $34.3m | Reduced -162.0k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 1.2m $32.3m | Added +688.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.2m $32.1m | Reduced -86.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio | 1.2m $31.8m | Reduced -23.1k |
| NORGES BANK 0.00% of their portfolio | 1.1m $31.5m | Not comparable |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.0m $27.6m | Reduced -1.5m |
| FMR LLC 0.00% of their portfolio | 989.9k $27.2m | Added +146.7k |
| JUPITER ASSET MANAGEMENT LTD 0.13% of their portfolio | 949.7k $26.1m | Added +735.1k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 939.6k $25.8m | Reduced -129.2k |
| Retirement Systems of Alabama 0.07% of their portfolio | 794.4k $21.8m | Reduced -58.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 785.8k $21.6m | Reduced -44.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 784.3k $21.5m | Added +384.8k |
| CITIGROUP INC 0.01% of their portfolio | 747.9k $20.5m | Added +61.6k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 732.5k $20.1m | Reduced -459.0k |
| KLP KAPITALFORVALTNING AS 0.06% of their portfolio | 709.9k $19.5m | Added +13.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 659.7k $18.1m | Reduced -81.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 555.4k $15.3m | Reduced -38.3k |
| Invesco Ltd. 0.00% of their portfolio | 548.0k $15.1m | Reduced -48.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 543.2k $14.9m | Reduced -665.0k |
| Man Group plc 0.02% of their portfolio | 463.4k $12.7m | Reduced -703.3k |
| Distillate Capital Partners LLC 0.66% of their portfolio | 460.0k $12.6m | Added +23.7k |
| Nuveen, LLC 0.00% of their portfolio | 418.5k $11.5m | Added +114.6k |
| KBC Group NV 0.02% of their portfolio | 413.2k $11.4m | Reduced -531.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 401.0k $11.0m | Reduced -82.1k |
| HRT FINANCIAL LP 0.02% of their portfolio | 373.9k $10.3m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 358.0k $9.8m | Reduced -92.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 340.2k $9.3m | Reduced -50.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 336.3k $9.2m | Reduced -6.2k |
| Swiss National Bank 0.00% of their portfolio | 319.4k $8.8m | Reduced -25.9k |
| Illinois Municipal Retirement Fund 0.10% of their portfolio | 314.3k $8.6m | Added +25.1k |
| Crossmark Global Holdings, Inc. 0.11% of their portfolio | 308.1k $8.5m | Added +100 |
| FIFTH THIRD BANCORP 0.01% of their portfolio | 305.5k $8.4m | Added +5.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 303.9k $8.3m | Reduced -61.7k |
| Treasurer of the State of North Carolina 0.02% of their portfolio | 282.7k $7.8m | Reduced -164.6k |
| Edgestream Partners, L.P. 0.22% of their portfolio | 274.7k $7.5m | Added +164.2k |
| UniSuper Management Pty Ltd 0.04% of their portfolio | 271.8k $7.5m | Reduced -4.0k |
| DANSKE BANK A/S 0.01% of their portfolio | 263.5k $7.2m | Added +263.3k |
| Vestcor Inc 0.17% of their portfolio | 256.4k $7.0m | Reduced -13.1k |
| Corient Private Wealth LP 0.01% of their portfolio | 244.5k $6.7m | Added +191.1k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 232.8k $6.4m | Added +88.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 232.4k $6.4m | Added +118.1k |
| Jain Global LLC 0.08% of their portfolio | 232.4k $6.4m | New |
| Squarepoint Ops LLC 0.01% of their portfolio | 227.0k $6.2m | Reduced -399.3k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.02% of their portfolio | 222.1k $6.1m | Added +47.9k |
| Legal & General Group Plc 0.00% of their portfolio | 218.4k $6.0m | Reduced -31.7k |
| Livforsakringsbolaget Skandia, Omsesidigt 0.18% of their portfolio | 202.8k $5.6m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 200.4k $5.5m | Reduced -6.1k |
| Convergence Investment Partners, LLC 0.52% of their portfolio | 199.1k $5.5m | Added +106.3k |
| IEQ CAPITAL, LLC 0.02% of their portfolio | 191.8k $5.3m | Added +642 |
| ZACKS INVESTMENT MANAGEMENT 0.04% of their portfolio | 190.0k $5.2m | Added +6.9k |
| GLENMEDE TRUST CO NA 0.02% of their portfolio | 189.5k $5.2m | Reduced -12.6k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 184.9k $5.1m | Reduced -75.4k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.03% of their portfolio | 179.8k $4.9m | Reduced -37.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 177.3k $4.0m | Reduced -40.8k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 177.2k $4.9m | Added +291 |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 176.0k $4.8m | New |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 174.5k $4.8m | Added +89.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 167.7k $4.6m | Added +29.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 164.5k $4.5m | Reduced -2.9k |
| WINTON GROUP Ltd 0.14% of their portfolio | 161.2k $4.4m | New |
| CAPITAL FUND MANAGEMENT S.A. 0.03% of their portfolio | 158.7k $4.4m | Reduced -217.7k |
| National Philanthropic Trust 0.06% of their portfolio | 158.2k $4.3m | Unchanged |
| BI Asset Management Fondsmaeglerselskab A/S 0.03% of their portfolio | 157.2k $4.3m | Reduced -72.6k |
| PFA Pension, Forsikringsaktieselskab 0.01% of their portfolio | 155.9k $4.3m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 153.6k $4.2m | Reduced -1.1k |
| ALGERT GLOBAL LLC 0.05% of their portfolio | 149.4k $4.1m | New |