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 ($56.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $21.68. Options: 15 managers hold calls ($56.5m notional), 18 hold puts ($71.6m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 430 |
| Q4 2022 | 449 |
| Q1 2023 | 425 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 207 | 187 |
| Q1 2023 | 183 | 219 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $59.8m | $64.1m | 1.07 |
| Q4 2022 | $86.2m | $75.1m | 0.87 |
| Q1 2023 | $56.5m | $71.6m | 1.27 |
Biggest buyers
| FMR LLC | Added | +5.1m |
| UBS Group AG | Added | +4.0m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.3m |
| BlackRock Inc. | Added | +1.3m |
| Man Group plc | New | +1.2m |
| Caisse de depot et placement du Quebec | Added | +1.1m |
| Pacer Advisors, Inc. | Added | +1.1m |
| Skandinaviska Enskilda Banken AB (publ) | Added | +908.7k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +894.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +883.2k |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.6m |
| TWO SIGMA ADVISERS, LP | Reduced | -1.5m |
| Qube Research & Technologies Ltd | Reduced | -1.3m |
| Greenhouse Funds LLLP | Sold out | -1.2m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.1m |
| VANGUARD GROUP INC | Reduced | -1.1m |
| Man Group plc | Sold out | -1.1m |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -983.2k |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -942.2k |
| Korea Investment CORP | Reduced | -900.7k |
Biggest calls
| SIMPLEX TRADING, LLC | Reduced | $13.1m604.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.6m488.9k shares |
| Walleye Trading LLC | Reduced | $8.7m400.6k shares |
| PEAK6 Investments LLC | Added | $7.6m352.7k shares |
| GROUP ONE TRADING LLC | Reduced | $5.4m250.6k shares |
| CITADEL ADVISORS LLC | Reduced | $3.9m180.6k shares |
| JANE STREET GROUP, LLC | Reduced | $2.1m96.2k shares |
| IMC-Chicago, LLC | Reduced | $1.8m83.0k shares |
| Squarepoint Ops LLC | Unchanged | $1.3m58.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.1m50.0k shares |
Biggest puts
| TWO SIGMA INVESTMENTS, LP | Added | $25.0m1.2m shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $12.5m5.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.1m238.1k shares |
| SIMPLEX TRADING, LLC | Added | $5.1m234.0k shares |
| NOMURA HOLDINGS INC | New | $4.9m226.0k shares |
| PEAK6 Investments LLC | Reduced | $4.5m207.1k shares |
| Walleye Trading LLC | Reduced | $3.6m166.6k shares |
| Squarepoint Ops LLC | Reduced | $2.4m112.9k shares |
| GOLDMAN SACHS GROUP INC | New | $2.2m100.0k shares |
| IMC-Chicago, LLC | Added | $1.7m76.8k 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 in Q1 2023
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 |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 5 | $29.9m | — |
| Q1 2022 | 0 | — | 3 | $1.9m | — |
| Q2 2022 | 0 | — | 5 | $5.8m | — |
| Q3 2022 | 0 | — | 3 | $2.0m | — |
| Q4 2022 | 0 | — | 4 | $29.3m | — |
| Q1 2023 | 0 | — | 4 | $12.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-27 | Regan Timothy Chief Financial Officer | Sold | $50.2k2.4k shares |
| 2023-03-13 | Volkmer Bart Chief Legal Officer | Sold | $219.3k11.5k shares |
| 2023-03-06 | Houston Andrew Chief Executive Officer, director · See footnote | Sold | $3.3m162.5k shares |
| 2023-02-27 | Volkmer Bart Chief Legal Officer | Sold | $280.7k13.7k shares |
| 2023-02-27 | Regan Timothy Chief Financial Officer | Sold | $49.0k2.4k shares |
| 2023-02-06 | Houston Andrew Chief Executive Officer, director · See footnote | Sold | $3.8m162.5k shares |
| 2023-01-25 | Regan Timothy Chief Financial Officer | Sold | $54.1k2.4k shares |
| 2023-01-24 | Young Timothy H. President | Sold | $346.1k15.0k shares |
| 2023-01-11 | Volkmer Bart Chief Legal Officer | Sold | $227.9k10.0k shares |
| 2023-01-05 | Houston Andrew Chief Executive Officer, director · See footnote | Sold | $3.6m162.5k shares |
| 2023-01-03 | Regan Timothy Chief Financial Officer | Sold | $45.1k2.0k 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, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 28.5m $616.7m | Reduced -1.1m |
| BlackRock Inc. 0.01% of their portfolio | 20.5m $443.5m | Added +1.3m |
| AMERIPRISE FINANCIAL INC 0.12% of their portfolio | 17.1m $369.0m | Added +254.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.25% of their portfolio | 8.6m $186.9m | Added +576.1k |
| FMR LLC 0.01% of their portfolio | 8.0m $172.1m | Added +5.1m |
| PICTET ASSET MANAGEMENT SA 0.18% of their portfolio | 6.6m $143.4m | Reduced -44.2k |
| STATE STREET CORP 0.01% of their portfolio | 5.9m $127.5m | Added +24.8k |
| MORGAN STANLEY 0.01% of their portfolio | 5.3m $115.0m | Reduced -327.0k |
| UBS Group AG 0.05% of their portfolio | 5.1m $109.5m | Added +4.0m |
| Thrivent Financial for Lutherans 0.24% of their portfolio | 4.5m $97.8m | Added +28.0k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 4.4m $94.4m | Reduced -532.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.0m $86.1m | Reduced -983.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.51% of their portfolio | 3.8m $82.5m | Added +883.2k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 3.8m $81.8m | Added +327.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 3.7m $79.5m | Reduced -1.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.8m $60.5m | Added +89.8k |
| Pacer Advisors, Inc. 0.25% of their portfolio | 2.7m $57.4m | Added +1.1m |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 2.6m $54.2m | Added +1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 2.5m $53.7m | Added +853.8k |
| GLENMEDE TRUST CO NA 0.30% of their portfolio | 2.5m $53.1m | Reduced -53.6k |
| Robeco Institutional Asset Management B.V. 0.14% of their portfolio | 2.4m $51.4m | Added +165.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.22% of their portfolio | 2.3m $49.8m | Added +894.4k |
| Invenomic Capital Management LP 2.81% of their portfolio | 2.3m $49.3m | Added +815.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.2m $47.5m | Added +11.7k |
| Skandinaviska Enskilda Banken AB (publ) 0.32% of their portfolio | 2.1m $45.9m | Added +908.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.06% of their portfolio | 2.1m $44.4m | Reduced -122.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $45.1m | Added +1.3k |
| Epoch Investment Partners, Inc. 0.26% of their portfolio | 2.0m $43.9m | Reduced -198.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 1.8m $39.5m | Added +425.2k |
| JUPITER ASSET MANAGEMENT LTD 0.54% of their portfolio | 1.8m $39.2m | Added +612.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.8m $38.9m | Added +174.6k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 1.8m $38.1m | Reduced -583.0k |
| Caisse de depot et placement du Quebec 0.11% of their portfolio | 1.7m $37.7m | Added +1.1m |
| TWO SIGMA ADVISERS, LP 0.09% of their portfolio | 1.7m $35.8m | Reduced -1.5m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.6m $33.8m | Added +33.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.5m $31.6m | Added +23.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4m $30.9m | Reduced -272.6k |
| California Public Employees Retirement System 0.03% of their portfolio | 1.4m $30.8m | Added +213.4k |
| Engine Capital Management, LP 8.42% of their portfolio | 1.3m $28.6m | Added +703.1k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 1.3m $28.3m | Reduced -843.1k |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 1.3m $27.3m | Added +160.6k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 1.2m $26.1m | Added +720.1k |
| Varma Mutual Pension Insurance Co 0.33% of their portfolio | 1.2m $26.9m | Unchanged |
| Man Group plc 0.10% of their portfolio | 1.2m $26.9m | New |
| BARCLAYS PLC 0.03% of their portfolio | 1.2m $26.4m | Reduced -516.5k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 1.2m $25.7m | Reduced -379.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.2m $15.8m | Added +777.3k |
| Legal & General Group Plc 0.01% of their portfolio | 1.1m $24.7m | Reduced -33.1k |
| AVIVA PLC 0.11% of their portfolio | 1.1m $24.5m | Added +396.8k |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 1.1m $24.0m | Added +13.8k |
| Swiss National Bank 0.02% of their portfolio | 1.1m $23.6m | Reduced -29.5k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.1m $23.5m | Reduced -552.7k |
| AustralianSuper Pty Ltd 0.15% of their portfolio | 1.0m $22.3m | Added +339.5k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 991.7k $21.4m | Added +180.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 950.2k $20.5m | Reduced -429.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 829.6k $17.9m | Added +6.1k |
| CITIGROUP INC 0.02% of their portfolio | 820.6k $17.7m | Added +268.4k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 780.1k $16.9m | Reduced -255.0k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.17% of their portfolio | 768.1k $16.6m | Added +197.1k |
| PANAGORA ASSET MANAGEMENT INC 0.10% of their portfolio | 762.9k $16.5m | Reduced -942.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 739.3k $16.0m | Reduced -32.4k |
| Invesco Ltd. 0.00% of their portfolio | 710.8k $15.4m | Reduced -513.8k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 697.2k $15.1m | Reduced -18.8k |
| C WorldWide Group Holding A/S 0.20% of their portfolio | 671.0k $14.5m | Added +360.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 634.4k $13.7m | Reduced -53.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 591.2k $12.8m | Added +337.0k |
| ING GROEP NV 0.12% of their portfolio | 589.8k $12.8m | Added +529.3k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 580.5k $12.6m | Added +145.9k |
| SAWGRASS ASSET MANAGEMENT LLC 1.57% of their portfolio | 558.3k $12.1m | Reduced -18.4k |
| Amundi 0.01% of their portfolio | 515.9k $10.9m | Reduced -163.0k |
| Strategic Global Advisors, LLC 1.75% of their portfolio | 505.5k $10.9m | Added +66.9k |
| Railway Pension Investments Ltd 0.11% of their portfolio | 499.4k $10.8m | Added +114.0k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 474.2k $10.3m | Added +106.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 464.5k $10.0m | Reduced -4.5k |
| Mayar Capital Ltd. 8.39% of their portfolio | 463.9k $10.0m | Unchanged |
| Alyeska Investment Group, L.P. 0.09% of their portfolio | 457.1k $9.9m | Added +141.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 451.6k $9.8m | Added +48.5k |
| NORGES BANK 0.00% of their portfolio | 449.6k $9.7m | Reduced -67.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 447.4k $9.7m | Reduced -1.1m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 442.3k $9.6m | Added +3.9k |
| DDD Partners, LLC 1.45% of their portfolio | 428.9k $9.3m | New |
| Andra AP-fonden 0.22% of their portfolio | 392.8k $8.5m | Reduced -39.6k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 372.6k $8.1m | Reduced -175.2k |
| MERCER GLOBAL ADVISORS INC /ADV 0.04% of their portfolio | 365.8k $7.9m | Added +348.5k |
| TWINBEECH CAPITAL LP 0.16% of their portfolio | 362.6k $7.8m | New |
| Boston Partners 0.01% of their portfolio | 356.2k $7.7m | Added +307.2k |
| ClariVest Asset Management LLC 0.34% of their portfolio | 356.1k $7.7m | Reduced -11.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 347.6k $7.5m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 340.4k $7.4m | New |
| MERITAGE PORTFOLIO MANAGEMENT 0.55% of their portfolio | 337.3k $7.3m | Reduced -8.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 326.0k $7.0m | Added +24.2k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 311.5k $6.7m | Added +24.9k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 308.8k $6.6m | Added +184.6k |
| ALGERT GLOBAL LLC 0.31% of their portfolio | 300.7k $6.5m | Reduced -10.5k |
| FORSTA AP-FONDEN 0.07% of their portfolio | 287.7k $6.2m | Added +89.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 285.6k $6.2m | Added +5.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 269.4k $5.8m | Added +126.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 261.0k $5.6m | Reduced -81.2k |
| Achmea Investment Management B.V. 0.16% of their portfolio | 257.7k $5.6m | Added +107.2k |
| APG Asset Management N.V. 0.01% of their portfolio | 248.9k $5.0m | Reduced -181.1k |