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 ($42.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.28. Options: 24 managers hold calls ($342.3m notional), 28 hold puts ($106.5m).
Trends to Q1 2024
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 |
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 |
| Q4 2023 | 197 | 223 |
| Q1 2024 | 201 | 248 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $108.1m | $94.7m | 0.88 |
| Q3 2023 | $60.8m | $93.8m | 1.54 |
| Q4 2023 | $80.4m | $110.7m | 1.38 |
| Q1 2024 | $342.3m | $106.5m | 0.31 |
Biggest buyers
| MORGAN STANLEY | Added | +5.2m |
| Pacer Advisors, Inc. | Added | +2.0m |
| KBC Group NV | Added | +1.7m |
| C WorldWide Group Holding A/S | Added | +1.2m |
| Invesco Ltd. | Added | +871.5k |
| PANAGORA ASSET MANAGEMENT INC | Added | +836.2k |
| Russell Investments Group, Ltd. | Added | +790.2k |
| FMR LLC | Added | +709.2k |
| JPMORGAN CHASE & CO | Added | +582.2k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +517.1k |
Biggest sellers
| WEDGE CAPITAL MANAGEMENT L L P/NC | Reduced | -2.6m |
| GOLDMAN SACHS GROUP INC | Reduced | -2.2m |
| AMERIPRISE FINANCIAL INC | Reduced | -2.0m |
| Pictet Asset Management Holding SA | Reduced | -1.3m |
| JUPITER ASSET MANAGEMENT LTD | Reduced | -1.2m |
| California Public Employees Retirement System | Reduced | -1.2m |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Sold out | -575.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -523.8k |
| GLENMEDE TRUST CO NA | Reduced | -452.2k |
| BlackRock Inc. | Reduced | -430.1k |
Biggest calls
| UBS Group AG | New | $158.8m6.5m shares |
| Shaolin Capital Management LLC | New | $91.1m3.8m shares |
| CITADEL ADVISORS LLC | Added | $13.8m568.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.6m434.4k shares |
| Walleye Trading LLC | Added | $10.4m426.7k shares |
| PEAK6 Investments LLC | Added | $9.4m388.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $9.4m385.4k shares |
| ROYAL BANK OF CANADA | Added | $8.4m345.0k shares |
| SIMPLEX TRADING, LLC | Added | $7.4m305.0k shares |
| BANK OF AMERICA CORP /DE/ | New | $4.9m200.0k shares |
Biggest puts
| TWO SIGMA INVESTMENTS, LP | Unchanged | $30.6m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.5m595.0k shares |
| SIMPLEX TRADING, LLC | Added | $8.5m350.8k shares |
| CITADEL ADVISORS LLC | Added | $8.2m338.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $7.0m289.6k shares |
| Squarepoint Ops LLC | Reduced | $4.3m176.5k shares |
| BANK OF AMERICA CORP /DE/ | New | $3.9m161.9k shares |
| BARCLAYS PLC | New | $3.6m150.0k shares |
| GOLDMAN SACHS GROUP INC | Added | $3.4m140.0k shares |
| ROYAL BANK OF CANADA | Reduced | $2.4m100.0k 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 Q1 2024
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 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 |
| Q4 2023 | 0 | — | 2 | $1.4m | $1.4m |
| Q1 2024 | 0 | — | 4 | $5.5m | $5.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-27 | Regan Timothy Chief Financial Officer | Sold plan | $73.1k3.0k shares |
| 2024-03-15 | Volkmer Bart Chief Legal Officer | Sold plan | $169.1k7.0k shares |
| 2024-03-15 | Regan Timothy Chief Financial Officer | Sold plan | $72.1k3.0k shares |
| 2024-03-05 | Houston Andrew Chief Executive Officer, director · See footnote | Sold plan | $3.9m164.0k shares |
| 2024-02-29 | Regan Timothy Chief Financial Officer | Sold plan | $71.5k3.0k shares |
| 2024-02-23 | Volkmer Bart Chief Legal Officer | Sold plan | $170.0k7.1k shares |
| 2024-02-23 | Regan Timothy Chief Financial Officer | Sold plan | $70.5k3.0k shares |
| 2024-01-30 | Regan Timothy Chief Financial Officer | Sold plan | $97.5k3.0k shares |
| 2024-01-16 | Volkmer Bart Chief Legal Officer | Sold plan | $220.0k7.0k shares |
| 2024-01-16 | Regan Timothy Chief Financial Officer | Sold plan | $93.9k3.0k shares |
| 2024-01-02 | Campbell Lisa M Director | Sold plan | $298.3k10.3k shares |
| 2024-01-02 | Regan Timothy Chief Financial Officer | Sold plan | $288.5k10.0k 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 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.02% of their portfolio | 34.3m $832.9m | Reduced -430.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 27.4m $665.3m | Added +105.2k |
| AMERIPRISE FINANCIAL INC 0.11% of their portfolio | 17.2m $417.3m | Reduced -2.0m |
| MORGAN STANLEY 0.01% of their portfolio | 16.0m $388.2m | Added +5.2m |
| STATE STREET CORP 0.01% of their portfolio | 10.1m $245.1m | Reduced -268.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.37% of their portfolio | 9.8m $238.3m | Reduced -343.4k |
| Thrivent Financial for Lutherans 0.23% of their portfolio | 4.8m $116.4m | Reduced -423.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 4.7m $114.2m | Added +582.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.51% of their portfolio | 4.7m $113.5m | Added +32.6k |
| Pacer Advisors, Inc. 0.26% of their portfolio | 4.6m $111.1m | Added +2.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.5m $109.3m | Added +207.0k |
| FIRST TRUST ADVISORS LP 0.10% of their portfolio | 4.0m $98.1m | Added +3.9k |
| KBC Group NV 0.30% of their portfolio | 3.9m $95.3m | Added +1.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 3.8m $93.5m | Added +341.3k |
| LSV ASSET MANAGEMENT 0.17% of their portfolio | 3.4m $83.3m | Added +121.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.28% of their portfolio | 3.3m $79.7m | Added +517.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.9m $70.1m | Reduced -166.8k |
| FMR LLC 0.00% of their portfolio | 2.9m $69.8m | Added +709.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio | 2.7m $66.2m | Added +393.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.6m $63.6m | Reduced -2.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.5m $59.9m | Reduced -523.8k |
| Robeco Institutional Asset Management B.V. 0.12% of their portfolio | 2.3m $56.9m | Added +37.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 2.3m $56.5m | Added +490.2k |
| Invesco Ltd. 0.01% of their portfolio | 2.2m $54.3m | Added +871.5k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 2.2m $52.6m | Added +290.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.06% of their portfolio | 2.1m $51.2m | Reduced -110.6k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 1.9m $47.4m | Added +790.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.9m $46.7m | Reduced -242.6k |
| DekaBank Deutsche Girozentrale 0.09% of their portfolio | 1.9m $45.6m | Reduced -313.6k |
| C WorldWide Group Holding A/S 0.51% of their portfolio | 1.8m $44.8m | Added +1.2m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.8m $43.9m | Reduced -228.1k |
| BARCLAYS PLC 0.02% of their portfolio | 1.7m $42.5m | Reduced -140.3k |
| UBS Group AG 0.01% of their portfolio | 1.7m $40.2m | Added +164.8k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 1.6m $39.3m | Added +228.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.5m $37.7m | Added +30.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 1.5m $37.4m | Added +330.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 1.5m $37.3m | Added +407.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.15% of their portfolio | 1.5m $35.4m | Added +129.2k |
| AustralianSuper Pty Ltd 0.18% of their portfolio | 1.2m $30.4m | Added +169.2k |
| MACKENZIE FINANCIAL CORP 0.04% of their portfolio | 1.2m $28.8m | Added +304.5k |
| Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio | 1.1m $23.6m | Added +200.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.1m $25.8m | Added +199.3k |
| GLENMEDE TRUST CO NA 0.12% of their portfolio | 972.6k $23.6m | Reduced -452.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 968.5k $23.5m | Added +18.1k |
| Legal & General Group Plc 0.01% of their portfolio | 960.8k $23.3m | Reduced -62.7k |
| PANAGORA ASSET MANAGEMENT INC 0.11% of their portfolio | 886.1k $21.5m | Added +836.2k |
| CITIGROUP INC 0.02% of their portfolio | 833.9k $20.3m | Reduced -49.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 799.7k $19.4m | Reduced -366.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 775.7k $18.8m | Reduced -2.9k |
| Swiss National Bank 0.01% of their portfolio | 767.2k $18.6m | Reduced -41.7k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 750.0k $18.2m | Reduced -52.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 635.7k $15.5m | Reduced -37.5k |
| BANK OF NOVA SCOTIA 0.03% of their portfolio | 620.5k $15.1m | Added +2.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 607.7k $14.8m | Reduced -73.9k |
| Caisse de depot et placement du Quebec 0.03% of their portfolio | 576.7k $14.0m | Reduced -88.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 575.2k $14.0m | Added +116.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 573.4k $13.9m | Reduced -11.9k |
| Man Group plc 0.04% of their portfolio | 571.7k $13.9m | Reduced -227.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 557.9k $13.6m | Added +117.5k |
| Vident Advisory, LLC 0.28% of their portfolio | 557.6k $13.5m | Added +189.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 557.4k $13.5m | Added +370.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 536.9k $13.0m | Reduced -1.2m |
| Amundi 0.01% of their portfolio | 526.1k $12.0m | Added +155.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 525.8k $12.8m | Reduced -20.8k |
| Skandinaviska Enskilda Banken AB (publ) 0.06% of their portfolio | 522.7k $12.7m | Reduced -171.6k |
| APG Asset Management N.V. 0.02% of their portfolio | 506.4k $11.4m | Added +124.7k |
| JUPITER ASSET MANAGEMENT LTD 0.12% of their portfolio | 503.6k $12.2m | Reduced -1.2m |
| Railway Pension Investments Ltd 0.12% of their portfolio | 499.4k $12.1m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 485.8k $11.8m | Added +35.0k |
| Andra AP-fonden 0.20% of their portfolio | 465.1k $11.3m | Reduced -3.5k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 438.6k $10.7m | New |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 435.9k $10.6m | Added +41.7k |
| WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 0.29% of their portfolio | 421.7k $10.2m | Added +12.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 402.5k $9.8m | Reduced -2.5k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 401.3k $9.8m | Added +26.5k |
| NORGES BANK 0.00% of their portfolio | 379.6k $9.2m | Reduced -277.2k |
| SAWGRASS ASSET MANAGEMENT LLC 1.01% of their portfolio | 379.2k $9.2m | Reduced -156.9k |
| DANSKE BANK A/S 0.03% of their portfolio | 373.2k $9.1m | First filing |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 364.2k $8.8m | Added +145.9k |
| SEIZERT CAPITAL PARTNERS, LLC 0.40% of their portfolio | 356.1k $8.7m | Added +101.6k |
| Achmea Investment Management B.V. 0.16% of their portfolio | 352.7k $8.6m | Reduced -1.8k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 341.0k $8.3m | Reduced -7.0k |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 323.9k $7.9m | Added +69.2k |
| MERITAGE PORTFOLIO MANAGEMENT 0.50% of their portfolio | 323.3k $7.9m | Reduced -19.2k |
| Retirement Systems of Alabama 0.03% of their portfolio | 321.7k $7.8m | Added +845 |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 312.3k $7.6m | Added +282.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.03% of their portfolio | 308.6k $7.5m | Added +94.0k |
| GUGGENHEIM CAPITAL LLC 0.05% of their portfolio | 276.0k $6.7m | Added +81.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 274.6k $6.7m | Added +28.4k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 272.9k $6.6m | Reduced -135.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 245.2k $5.3m | Added +8.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 243.3k $5.9m | Added +239.0k |
| Mediolanum International Funds Ltd 0.09% of their portfolio | 237.9k $5.8m | First filing |
| West Coast Financial LLC 0.69% of their portfolio | 233.0k $5.7m | Added +1.4k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 229.8k $5.6m | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 229.8k $5.6m | Reduced -96.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 227.1k $5.5m | Added +10.7k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.04% of their portfolio | 224.2k $5.4m | Added +2.9k |
| QRG CAPITAL MANAGEMENT, INC. 0.07% of their portfolio | 211.8k $5.1m | Reduced -14.9k |
| IEQ CAPITAL, LLC 0.07% of their portfolio | 210.3k $5.1m | Reduced -1 |