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 ($59.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.34. Options: 21 managers hold calls ($60.8m notional), 25 hold puts ($93.8m).
Trends to Q3 2023
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 |
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 |
| Q2 2023 | 203 | 219 |
| Q3 2023 | 201 | 231 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $86.2m | $75.1m | 0.87 |
| Q1 2023 | $56.5m | $71.6m | 1.27 |
| Q2 2023 | $108.1m | $94.7m | 0.88 |
| Q3 2023 | $60.8m | $93.8m | 1.54 |
Biggest buyers
| WEDGE CAPITAL MANAGEMENT L L P/NC | Added | +2.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.1m |
| Man Group plc | New | +935.1k |
| KBC Group NV | Added | +843.8k |
| LSV ASSET MANAGEMENT | Added | +818.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +792.1k |
| GOLDMAN SACHS GROUP INC | Added | +734.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | New | +667.8k |
| Caisse de depot et placement du Quebec | Added | +514.9k |
| Amundi | Added | +428.6k |
Biggest sellers
| DEUTSCHE BANK AG\ | Reduced | -4.0m |
| BlackRock Inc. | Reduced | -3.0m |
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| Engine Capital Management, LP | Sold out | -1.4m |
| FMR LLC | Reduced | -1.2m |
| Allspring Global Investments Holdings, LLC | Reduced | -1.1m |
| Man Group plc | Sold out | -978.5k |
| GLENMEDE TRUST CO NA | Reduced | -934.4k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -891.1k |
| Twin Tree Management, LP | Reduced | -840.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $17.1m626.9k shares |
| PEAK6 Investments LLC | Reduced | $10.6m390.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.8m248.6k shares |
| CITADEL ADVISORS LLC | Added | $4.0m146.5k shares |
| Walleye Trading LLC | Reduced | $3.5m127.9k shares |
| IMC-Chicago, LLC | Reduced | $3.4m124.4k shares |
| Squarepoint Ops LLC | Reduced | $3.2m119.2k shares |
| GROUP ONE TRADING LLC | Reduced | $3.2m118.5k shares |
| JANE STREET GROUP, LLC | Reduced | $2.2m80.2k shares |
| GTS SECURITIES LLC | New | $1.9m69.9k shares |
Biggest puts
| TWO SIGMA INVESTMENTS, LP | Unchanged | $34.3m1.3m shares |
| ROYAL BANK OF CANADA | New | $8.2m300.0k shares |
| Squarepoint Ops LLC | Reduced | $7.3m266.5k shares |
| SIMPLEX TRADING, LLC | Added | $7.0m256.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.7m245.4k shares |
| Walleye Trading LLC | Added | $4.0m148.6k shares |
| PEAK6 Investments LLC | Reduced | $3.7m134.4k shares |
| Walleye Capital LLC | Added | $3.3m119.5k shares |
| CITADEL ADVISORS LLC | Added | $3.1m114.1k shares |
| Eisler Capital (US) LLC | New | $3.1m114.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2023 | 0 | — | 5 | $25.0m | — |
| Q3 2023 | 0 | — | 3 | $12.2m | $2.8m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-09-29 | Regan Timothy Chief Financial Officer | Sold plan | $82.0k3.0k shares |
| 2023-09-15 | Volkmer Bart Chief Legal Officer | Sold plan | $191.4k7.1k shares |
| 2023-09-15 | Regan Timothy Chief Financial Officer | Sold plan | $81.3k3.0k shares |
| 2023-09-05 | Volkmer Bart Chief Legal Officer | Sold plan | $196.2k7.1k shares |
| 2023-08-30 | Regan Timothy Chief Financial Officer | Sold plan | $83.1k3.0k shares |
| 2023-08-15 | Regan Timothy Chief Financial Officer | Sold plan | $84.5k3.0k shares |
| 2023-08-10 | Houston Andrew Chief Executive Officer, director · See footnote | Sold | $4.5m162.5k shares |
| 2023-08-10 | Regan Timothy Chief Financial Officer | Sold plan | $2.1m75.0k shares |
| 2023-07-25 | Regan Timothy Chief Financial Officer | Sold | $69.4k2.6k shares |
| 2023-07-18 | Regan Timothy Chief Financial Officer | Sold | $90.5k3.2k shares |
| 2023-07-11 | Volkmer Bart Chief Legal Officer | Sold | $275.5k10.0k shares |
| 2023-07-05 | Houston Andrew Chief Executive Officer, director · See footnote | Sold | $4.3m162.5k shares |
| 2023-07-03 | Regan Timothy Chief Financial Officer | Sold | $114.8k4.3k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.03% of their portfolio | 33.7m $916.9m | Reduced -3.0m |
| VANGUARD GROUP INC 0.02% of their portfolio | 27.4m $745.9m | Reduced -328.6k |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 20.1m $546.3m | Reduced -743.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.44% of their portfolio | 9.6m $260.1m | Added +252.7k |
| STATE STREET CORP 0.01% of their portfolio | 9.4m $256.3m | Added +69.6k |
| MORGAN STANLEY 0.02% of their portfolio | 5.5m $150.1m | Reduced -273.9k |
| Thrivent Financial for Lutherans 0.34% of their portfolio | 5.2m $142.8m | Added +231.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.71% of their portfolio | 4.4m $120.3m | Added +227.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.2m $113.2m | Reduced -84.0k |
| FIRST TRUST ADVISORS LP 0.13% of their portfolio | 4.1m $112.4m | Added +151.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 3.4m $91.7m | Reduced -309.9k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 3.1m $85.3m | Reduced -332.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.9m $78.7m | Added +15.6k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 1.47% of their portfolio | 2.7m $74.2m | Added +2.5m |
| Pacer Advisors, Inc. 0.27% of their portfolio | 2.6m $71.4m | Added +248.5k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.4m $66.2m | Added +734.9k |
| Robeco Institutional Asset Management B.V. 0.16% of their portfolio | 2.3m $61.4m | Reduced -59.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.25% of their portfolio | 2.2m $60.3m | Reduced -52.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.2m $58.7m | Reduced -72.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.08% of their portfolio | 2.1m $59.1m | Added +113.9k |
| KBC Group NV 0.23% of their portfolio | 2.1m $56.0m | Added +843.8k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 2.0m $54.9m | Reduced -891.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio | 1.9m $51.6m | Added +225.1k |
| JUPITER ASSET MANAGEMENT LTD 0.54% of their portfolio | 1.8m $49.2m | Added +255.6k |
| Caisse de depot et placement du Quebec 0.14% of their portfolio | 1.7m $47.5m | Added +514.9k |
| California Public Employees Retirement System 0.04% of their portfolio | 1.7m $46.1m | Added +62.5k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.5m $41.5m | Added +318.5k |
| GLENMEDE TRUST CO NA 0.24% of their portfolio | 1.5m $41.4m | Reduced -934.4k |
| LSV ASSET MANAGEMENT 0.10% of their portfolio | 1.5m $41.0m | Added +818.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $41.0m | Reduced -315.5k |
| BARCLAYS PLC 0.03% of their portfolio | 1.5m $40.8m | Reduced -7.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.5m $40.6m | Added +7.7k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 1.5m $40.5m | Added +1.1m |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 1.4m $37.8m | Added +120.1k |
| Invesco Ltd. 0.01% of their portfolio | 1.3m $36.5m | Added +373.9k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 1.3m $36.3m | Reduced -50.3k |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 1.3m $35.5m | First filing |
| UBS Group AG 0.02% of their portfolio | 1.2m $34.0m | Added +27.5k |
| Epoch Investment Partners, Inc. 0.21% of their portfolio | 1.2m $33.6m | Reduced -485.8k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.33% of their portfolio | 1.2m $33.2m | Unchanged |
| Skandinaviska Enskilda Banken AB (publ) 0.21% of their portfolio | 1.2m $32.7m | Reduced -791.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.2m $32.0m | Reduced -1.7m |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 1.1m $30.9m | Added +111.1k |
| Legal & General Group Plc 0.01% of their portfolio | 1.1m $30.1m | Reduced -72.2k |
| AustralianSuper Pty Ltd 0.19% of their portfolio | 1.1m $29.2m | Reduced -64.9k |
| FMR LLC 0.00% of their portfolio | 1.1m $29.2m | Reduced -1.2m |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 1.0m $28.2m | Reduced -80.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 961.7k $26.2m | Reduced -69.2k |
| MACKENZIE FINANCIAL CORP 0.04% of their portfolio | 954.6k $25.6m | Added +12.5k |
| Man Group plc 0.08% of their portfolio | 935.1k $25.5m | New |
| Varma Mutual Pension Insurance Co 0.31% of their portfolio | 932.9k $25.4m | Unchanged |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio | 925.6k $25.2m | Added +792.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.13% of their portfolio | 909.6k $24.8m | Added +306.6k |
| Amundi 0.01% of their portfolio | 854.6k $23.6m | Added +428.6k |
| Swiss National Bank 0.02% of their portfolio | 834.7k $22.7m | Reduced -107.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 794.1k $21.6m | Reduced -34.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 787.2k $21.4m | Reduced -104.7k |
| CITIGROUP INC 0.03% of their portfolio | 772.5k $21.0m | Added +14.6k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 763.5k $20.8m | Added +46.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 709.9k $19.3m | Reduced -5.0k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.28% of their portfolio | 667.8k $18.2m | New |
| C WorldWide Group Holding A/S 0.23% of their portfolio | 623.6k $17.0m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 593.4k $16.2m | Reduced -33.9k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 578.2k $15.7m | Reduced -12.7k |
| Invenomic Capital Management LP 0.61% of their portfolio | 533.8k $14.5m | Reduced -407.4k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 525.1k $14.3m | Reduced -114.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 514.3k $14.0m | Reduced -97.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 508.5k $13.8m | Reduced -82.0k |
| Railway Pension Investments Ltd 0.15% of their portfolio | 499.4k $13.6m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 470.8k $12.8m | Reduced -1.1m |
| SAWGRASS ASSET MANAGEMENT LLC 1.53% of their portfolio | 462.2k $12.6m | Reduced -56.6k |
| Boston Partners 0.02% of their portfolio | 445.9k $12.1m | Reduced -14.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 438.9k $11.9m | Added +272.6k |
| WINTON GROUP Ltd 0.96% of their portfolio | 428.9k $11.7m | Added +420.9k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 426.7k $11.6m | Reduced -43.6k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 425.5k $11.6m | Reduced -52.7k |
| DDD Partners, LLC 1.70% of their portfolio | 421.8k $11.8m | Reduced -8.2k |
| Andra AP-fonden 0.67% of their portfolio | 418.8k $11.4m | Added +84.6k |
| WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 0.39% of their portfolio | 417.5k $11.4m | Reduced -10.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 408.0k $11.1m | Reduced -4.0m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 407.4k $11.1m | Added +41.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 401.2k $10.9m | Reduced -19.5k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 394.3k $10.7m | Added +55.1k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.06% of their portfolio | 365.4k $9.9m | Reduced -47.0k |
| Vident Advisory, LLC 0.30% of their portfolio | 357.7k $9.7m | First filing |
| Strategic Global Advisors, LLC 1.62% of their portfolio | 357.0k $9.7m | Reduced -113.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 351.3k $9.6m | Reduced -72.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 348.3k $9.5m | Reduced -17.8k |
| Achmea Investment Management B.V. 0.20% of their portfolio | 333.5k $9.1m | Added +17.5k |
| Retirement Systems of Alabama 0.04% of their portfolio | 322.0k $8.8m | Reduced -28.5k |
| MERITAGE PORTFOLIO MANAGEMENT 0.65% of their portfolio | 322.0k $8.8m | Reduced -2.0k |
| NORGES BANK 0.00% of their portfolio | 309.8k $8.4m | Not comparable |
| Twin Tree Management, LP 0.28% of their portfolio | 304.0k $8.3m | Reduced -840.3k |
| ClariVest Asset Management LLC 0.42% of their portfolio | 280.4k $7.6m | Reduced -19.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 260.8k $7.1m | Reduced -177.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 259.6k $7.1m | Added +259.1k |
| COMERICA BANK 0.04% of their portfolio | 257.1k $7.0m | New |
| Swiss Life Asset Management Ltd 0.11% of their portfolio | 256.8k $7.0m | Added +95.0k |
| Trexquant Investment LP 0.17% of their portfolio | 253.3k $6.9m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 247.9k $6.8m | Added +229.6k |