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 ($32.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.73. Options: 12 managers hold calls ($164.2m notional), 13 hold puts ($9.7m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 189 | 256 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $268.6m | $122.6m | 0.46 |
| Q3 2025 | $311.2m | $77.8m | 0.25 |
| Q4 2025 | $279.8m | $47.2m | 0.17 |
| Q1 2026 | $164.2m | $9.7m | 0.06 |
Biggest buyers
| TWO SIGMA INVESTMENTS, LP | Added | +3.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +960.1k |
| Allianz Asset Management GmbH | Added | +927.3k |
| D. E. Shaw & Co., Inc. | Added | +840.6k |
| GOLDMAN SACHS GROUP INC | Added | +648.9k |
| FRANKLIN RESOURCES INC | Added | +608.3k |
| Robeco Institutional Asset Management B.V. | Added | +596.5k |
| Russell Investments Group, Ltd. | Added | +538.1k |
| BlackRock, Inc. | Added | +535.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +488.9k |
Biggest sellers
| FMR LLC | Reduced | -3.4m |
| TWO SIGMA ADVISERS, LP | Sold out | -1.7m |
| VIRGINIA RETIREMENT SYSTEMS ET Al | Reduced | -1.1m |
| AMERIPRISE FINANCIAL INC | Reduced | -942.8k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -922.6k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -910.7k |
| Arbejdsmarkedets Tillaegspension | Sold out | -793.2k |
| JPMORGAN CHASE & CO | Reduced | -719.5k |
| Quantinno Capital Management LP | Reduced | -656.7k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -655.3k |
Biggest calls
| UBS Group AG | Reduced | $148.5m6.5m shares |
| IMC-Chicago, LLC | Added | $4.8m211.4k shares |
| CITADEL ADVISORS LLC | Reduced | $2.7m116.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.6m115.1k shares |
| JANE STREET GROUP, LLC | Reduced | $1.7m76.4k shares |
| LAZARD ASSET MANAGEMENT LLC | Unchanged | $1.1m50.0k shares |
| Walleye Capital LLC | Added | $986.0k43.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $574.8k25.3k shares |
| Squarepoint Ops LLC | New | $418.0k18.4k shares |
| Walleye Trading LLC | Reduced | $388.5k17.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.0m133.1k shares |
| PEAK6 LLC | Added | $2.3m100.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.3m56.1k shares |
| IMC-Chicago, LLC | Reduced | $790.7k34.8k shares |
| JANE STREET GROUP, LLC | New | $740.7k32.6k shares |
| Walleye Capital LLC | Added | $547.6k24.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $390.8k17.2k shares |
| Capula Management Ltd | Unchanged | $311.3k13.7k shares |
| Squarepoint Ops LLC | Reduced | $227.2k10.0k shares |
| Walleye Trading LLC | Reduced | $111.3k4.9k 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 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 6 | $7.3m | $7.3m |
| Q3 2024 | 0 | — | 4 | $15.0m | $15.0m |
| 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 |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-31 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $32.0k1.4k shares |
| 2026-03-16 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $36.5k1.4k shares |
| 2026-03-11 | Yoon William T Chief Legal Officer | Sold plan | $237.9k9.2k shares |
| 2026-03-11 | Peacock Karen Director | Sold plan | $53.0k2.0k shares |
| 2026-03-03 | Alkarmi Ashraf General Manager, Core | Sold plan | $324.3k12.5k shares |
| 2026-03-02 | Houston Andrew Chief Executive Officer, director · See Footnote | Sold plan | $2.7m109.5k shares |
| 2026-03-02 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $35.0k1.4k shares |
| 2026-02-26 | Dasdan Ali Chief Technology Officer | Sold plan | $181.8k7.3k shares |
| 2026-02-18 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $34.7k1.4k shares |
| 2026-02-02 | Houston Andrew Chief Executive Officer, director · See Footnote | Sold plan | $4.2m164.5k shares |
| 2026-01-30 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $37.7k1.5k shares |
| 2026-01-15 | Schubach Sarah Elizabeth Chief Accounting Officer | Sold plan | $31.3k1.2k shares |
| 2026-01-12 | Houston Andrew Chief Executive Officer, director · See Footnote | Sold plan | $655.2k23.8k shares |
| 2026-01-09 | Houston Andrew Chief Executive Officer, director · See Footnote | Sold plan | $996.5k36.2k shares |
| 2026-01-02 | Houston Andrew Chief Executive Officer, director · See Footnote | Sold plan | $2.5m92.7k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 20.8m $473.5m | Added +535.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 12.2m $277.9m | First filing |
| LSV ASSET MANAGEMENT 0.57% of their portfolio | 11.7m $265.4m | Reduced -53.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.10% of their portfolio | 8.5m $193.9m | Added +960.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.27% of their portfolio | 7.7m $175.4m | Reduced -655.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.0m $159.1m | First filing |
| MORGAN STANLEY 0.01% of their portfolio | 6.3m $142.1m | Reduced -359.7k |
| STATE STREET CORP 0.00% of their portfolio | 5.8m $131.1m | Reduced -15.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.18% of their portfolio | 5.7m $129.3m | Reduced -922.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.46% of their portfolio | 4.8m $109.1m | Reduced -295.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.5m $103.1m | Added +488.9k |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 4.3m $98.8m | Added +3.0m |
| Allianz Asset Management GmbH 0.10% of their portfolio | 3.6m $82.9m | Added +927.3k |
| UBS Group AG 0.01% of their portfolio | 3.2m $73.6m | Added +169.9k |
| Robeco Institutional Asset Management B.V. 0.10% of their portfolio | 3.1m $70.8m | Added +596.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.8m $62.7m | Reduced -7.7k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 2.5m $56.7m | Added +370.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.5m $56.4m | Added +230.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 1.00% of their portfolio | 2.4m $54.0m | Added +132.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.3m $52.2m | Added +78.1k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 2.2m $51.0m | Added +538.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $48.3m | Added +648.9k |
| Pacer Advisors, Inc. 0.13% of their portfolio | 2.0m $46.5m | Added +55.9k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 2.0m $45.5m | Added +840.6k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.9m $42.9m | Added +608.3k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 1.8m $40.7m | Reduced -8.9k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.8m $40.6m | Reduced -37.7k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 1.8m $40.9m | Unchanged |
| BARCLAYS PLC 0.01% of their portfolio | 1.7m $38.3m | Reduced -532.0k |
| SEIZERT CAPITAL PARTNERS, LLC 1.63% of their portfolio | 1.6m $35.4m | Reduced -272.8k |
| Quantinno Capital Management LP 0.06% of their portfolio | 1.5m $33.9m | Reduced -656.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.4m $32.0m | Reduced -142.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4m $31.8m | Reduced -719.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.4m $31.7m | Reduced -942.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.3m $28.5m | Reduced -73.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 1.2m $27.5m | Reduced -21.9k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 1.2m $27.1m | Added +97.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio | 1.2m $26.9m | Added +41.6k |
| Gotham Asset Management, LLC 0.08% of their portfolio | 1.2m $26.7m | Reduced -93.2k |
| Man Group plc 0.05% of their portfolio | 1.2m $26.5m | Reduced -92.6k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.1m $24.3m | First filing |
| KBC Group NV 0.05% of their portfolio | 944.8k $21.5m | Added +105.9k |
| Retirement Systems of Alabama 0.06% of their portfolio | 853.3k $19.4m | Added +4.5k |
| FMR LLC 0.00% of their portfolio | 843.2k $19.2m | Reduced -3.4m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 830.6k $18.9m | Added +178.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 741.5k $16.8m | Added +80.6k |
| KLP KAPITALFORVALTNING AS 0.06% of their portfolio | 696.3k $15.8m | Added +1.1k |
| CITIGROUP INC 0.01% of their portfolio | 686.4k $15.6m | Reduced -863 |
| Squarepoint Ops LLC 0.03% of their portfolio | 626.4k $14.2m | Added +471.9k |
| Invesco Ltd. 0.00% of their portfolio | 596.4k $13.6m | Reduced -54.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 593.7k $13.5m | Reduced -51.6k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 507.2k $11.5m | Reduced -145.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 485.9k $11.0m | Reduced -456.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 483.1k $11.0m | Reduced -6.9k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 467.9k $10.6m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 462.0k $10.5m | Reduced -445.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 451.0k $10.2m | Reduced -87.5k |
| Treasurer of the State of North Carolina 0.03% of their portfolio | 447.3k $10.2m | Added +33.7k |
| Distillate Capital Partners LLC 0.52% of their portfolio | 436.3k $9.9m | Added +1.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 427.7k $9.7m | Added +98.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 399.5k $9.1m | Reduced -148.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 390.4k $8.9m | Added +15.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.08% of their portfolio | 376.4k $8.6m | Added +113.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 365.6k $8.3m | Reduced -36.1k |
| Swiss National Bank 0.00% of their portfolio | 345.3k $7.8m | Reduced -20.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 342.5k $7.8m | Reduced -29.0k |
| Crossmark Global Holdings, Inc. 0.10% of their portfolio | 308.0k $7.0m | Added +41.8k |
| Nuveen, LLC 0.00% of their portfolio | 303.8k $6.9m | Reduced -174.1k |
| FIFTH THIRD BANCORP 0.01% of their portfolio | 300.0k $6.8m | Added +297.7k |
| Illinois Municipal Retirement Fund 0.08% of their portfolio | 289.2k $6.6m | Added +45.7k |
| UniSuper Management Pty Ltd 0.04% of their portfolio | 275.8k $6.3m | Unchanged |
| Trexquant Investment LP 0.04% of their portfolio | 273.1k $6.2m | New |
| Vestcor Inc 0.17% of their portfolio | 269.5k $6.1m | Added +57.6k |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 260.3k $5.9m | Added +67.4k |
| MARTINGALE ASSET MANAGEMENT L P 0.15% of their portfolio | 256.9k $5.8m | Added +191.8k |
| Legal & General Group Plc 0.00% of their portfolio | 250.0k $5.7m | Reduced -47.4k |
| BI Asset Management Fondsmaeglerselskab A/S 0.05% of their portfolio | 229.8k $5.2m | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.32% of their portfolio | 220.5k $5.0m | Added +190.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 218.1k $6.1m | Reduced -67.9k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.04% of their portfolio | 217.2k $4.9m | Reduced -1.1m |
| JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio | 214.7k $4.9m | Added +157.4k |
| XTX Topco Ltd 0.08% of their portfolio | 214.1k $4.9m | Reduced -149.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 206.5k $4.7m | Added +32.0k |
| Brevan Howard Capital Management LP 0.05% of their portfolio | 205.6k $4.7m | Added +196.3k |
| Livforsakringsbolaget Skandia, Omsesidigt 0.18% of their portfolio | 202.8k $4.6m | Unchanged |
| GLENMEDE TRUST CO NA 0.02% of their portfolio | 202.1k $4.6m | Reduced -416.6k |
| COMMERCE BANK 0.02% of their portfolio | 196.1k $4.5m | Reduced -18.7k |
| IEQ CAPITAL, LLC 0.02% of their portfolio | 191.2k $4.3m | Unchanged |
| SG Americas Securities, LLC 0.00% of their portfolio | 184.3k $4.2m | Added +4.4k |
| ZACKS INVESTMENT MANAGEMENT 0.03% of their portfolio | 183.2k $4.2m | Added +16.5k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 176.9k $4.0m | First filing |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.02% of their portfolio | 174.1k $4.0m | Reduced -47.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 167.4k $3.8m | Unchanged |
| National Philanthropic Trust 0.04% of their portfolio | 158.2k $3.6m | Unchanged |
| TWINBEECH CAPITAL LP 0.37% of their portfolio | 158.1k $3.6m | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 158.1k $3.6m | First filing |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 154.8k $3.5m | Reduced -42.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 150.7k $3.4m | Reduced -97.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 150.4k $3.4m | Added +7.1k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 144.0k $3.3m | Added +32.7k |