Vault-13

DROPBOX INC DBX 0 03.01.26

NOTE 3/0 · US DOMESTIC · CUSIP 26210CAC8

51 institutional holders -8 vs Q1 2024
16,046,21916.0m shares reported held*
$660.4mreported value*
4 new 16 added 12 reduced 13 sold out net sold ≈ $11.1m (-19.4m shares)

* 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 ($641.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.20.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 62Q1 23: 58Q2 23: 63Q3 23: 61Q4 23: 61Q1 24: 59Q2 24: 5151Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202260
Q4 202262
Q1 202358
Q2 202363
Q3 202361
Q4 202361
Q1 202459
Q2 202451

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 24 bought or addedQ4 22: 22 cut or sold outQ4 22Q1 23: 25 bought or addedQ1 23: 25 cut or sold outQ2 23: 25 bought or addedQ2 23: 22 cut or sold outQ2 23Q3 23: 23 bought or addedQ3 23: 25 cut or sold outQ4 23: 20 bought or addedQ4 23: 22 cut or sold outQ4 23Q1 24: 24 bought or addedQ1 24: 34 cut or sold outQ2 24: 20 bought or addedQ2 24: 25 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222422
Q1 20232525
Q2 20232522
Q3 20232325
Q4 20232022
Q1 20242434
Q2 20242025

Biggest buyers

Nuveen Asset Management, LLC Added +12,500,000+12.5m
BANK OF AMERICA CORP /DE/ Added +12,400,000+12.4m
Shaolin Capital Management LLC Added +11,248,000+11.2m
CITADEL ADVISORS LLC New +10,500,000+10.5m
Opti Capital Management, LP New +10,000,000+10.0m
BARCLAYS PLC Added +4,881,000+4.9m
BNP PARIBAS FINANCIAL MARKETS Added +4,619,000+4.6m
WELLS FARGO & COMPANY/MN Added +3,825,000+3.8m
Parallax Volatility Advisers, L.P. New +3,000,000+3.0m
LAZARD ASSET MANAGEMENT LLC Added +2,500,000+2.5m

Biggest sellers

MORGAN STANLEY Reduced -21,139,000-21.1m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -20,337,000-20.3m
Opti Capital Management, LP Sold out -10,000,000-10.0m
Centiva Capital, LP Sold out -10,000,000-10.0m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sold out -8,500,000-8.5m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -3,800,000-3.8m
JPMORGAN CHASE & CO Reduced -3,600,000-3.6m
Walleye Capital LLC Sold out -2,500,000-2.5m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -2,500,000-2.5m
MACQUARIE GROUP LTD Sold out -2,470,000-2.5m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.92% of their portfolio New York, NY 118,169,000118.2m $110.3m $110.3m 0.92% Added +1.5m +1,500,000
2 SOROS FUND MANAGEMENT LLC 1.91% of their portfolio NEW YORK, NY 90,750,00090.8m $84.8m $84.8m 1.91% Unchanged
3 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 62,741,00062.7m $58.4m $58.4m 0.01% Unchanged
4 Shaolin Capital Management LLC 1.31% of their portfolio Miami, FL 45,748,00045.7m $42.7m $42.7m 1.31% Added +11.2m +11,248,000
5 STEELHEAD PARTNERS LLC 1.58% of their portfolio SEATTLE, WA 32,500,00032.5m $30.3m $30.3m 1.58% Unchanged
6 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 30,000,00030.0m $27.9m $27.9m 0.01% Added +12.5m +12,500,000
7 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 27,500,00027.5m $25.7m $25.7m 0.02% Added +1.0m +1,000,000
8 Calamos Advisors LLC 0.10% of their portfolio NAPERVILLE, IL 23,000,00023.0m $21.5m $21.5m 0.10% Unchanged
9 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 21,517,00021.5m $20.1m $20.1m 0.01% Reduced -2.3m -2,333,000
10 BlackRock Inc. 0.00% of their portfolio New York, NY 18,560,00018.6m $17.3m $17.3m 0.00% Unchanged
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,410,00016.4m $15.1m $15.1m 0.00% Reduced -3.6m -3,600,000
12 CAMDEN ASSET MANAGEMENT L P /CA 0.43% of their portfolio Los Angeles, CA 15,350,00015.3m $14.3m $14.3m 0.43% Reduced -2.5m -2,500,000
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 13,867,00013.9m $12.9m $12.9m 0.00% Added +12.4m +12,400,000
14 SONA ASSET MANAGEMENT (US) LLC 1.05% of their portfolio NEW YORK, NY 13,750,00013.8m $12.8m $12.8m 1.05% Added +2.5m +2,500,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 13,529,00013.5m $12.6m $12.6m 0.00% Reduced -1.8m -1,750,000
16 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 12,000,00012.0m $11.2m $11.2m 0.01% Added +2.5m +2,500,000
17 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 11,574,00011.6m $10.8m $10.8m 0.01% Added +4.6m +4,619,000
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,550,00010.6m $9.8m $9.8m 0.01% Added +500.0k +500,000
19 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 10,500,00010.5m $9.8m $9.8m 0.01% New
20 ABSOLUTE INVESTMENT ADVISERS, LLC 1.39% of their portfolio ROSEMARY BEACH, FL 10,000,00010.0m $9.3m $9.3m 1.39% Unchanged
21 Opti Capital Management, LP 0.70% of their portfolio New York, NY 10,000,00010.0m $9.3m $9.3m 0.70% New
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 9,664,0009.7m $9.0m $9.0m 0.00% Added +3.8m +3,825,000
23 LMR Partners LLP 0.18% of their portfolio LONDON, X0 9,000,0009.0m $8.4m $8.4m 0.18% Unchanged
24 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 7,481,0007.5m $7.0m $7.0m 0.01% Added +43.0k +43,000
25 MacKay Shields LLC 0.20% of their portfolio New York, NY 6,942,0006.9m $6.5m $6.5m 0.20% Reduced -187.0k -187,000
26 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 6,879,0006.9m $6.4m $6.4m 0.00% Added +4.9m +4,881,000
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,319,0006.3m $5.9m $5.9m 0.00% Reduced -1.0m -1,013,000
28 Man Group plc 0.01% of their portfolio LONDON, X0 5,350,0005.3m $5.0m $5.0m 0.01% Unchanged
29 OMERS ADMINISTRATION Corp 0.05% of their portfolio TORONTO, A6 5,000,0005.0m $4.7m $4.7m 0.05% Unchanged
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,457,0004.5m $4.1m $4.1m 0.00% Reduced -21.1m -21,139,000
31 PALISADE CAPITAL MANAGEMENT, LP 0.11% of their portfolio FORT LEE, NJ 4,250,0004.2m $4.0m $4.0m 0.11% Added +79.0k +79,000
32 FMR LLC 0.00% of their portfolio BOSTON, MA 3,900,0003.9m $3.6m $3.6m 0.00% Unchanged
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,175,0003.2m $3.0m $3.0m 0.00% Added +1.6m +1,575,000
34 Parallax Volatility Advisers, L.P. 0.07% of their portfolio San Francisco, CA 3,000,0003.0m $2.8m $2.8m 0.07% New
35 ADVENT CAPITAL MANAGEMENT /DE/ 0.06% of their portfolio NEW YORK, NY 2,604,0002.6m $2.4m $2.4m 0.06% Unchanged
36 CSS LLC/IL 0.16% of their portfolio CHICAGO, IL 2,300,0002.3m $2.1m $2.1m 0.16% Reduced -1.1m -1,059,000
37 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 700,000700.0k $653.2k $653.2k 0.00% Unchanged
38 Paloma Partners Management Co 0.06% of their portfolio GREENWICH, CT 687,000687.0k $641.6k $641.6k 0.06% Added +124.0k +124,000
39 DNCA FINANCE 0.05% of their portfolio PARIS, I0 600,000600.0k $559.9k $559.9k 0.05% First filing
40 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 450,000450.0k $419.3k $419.3k 0.00% Unchanged
41 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 211,000211.0k $196.4k $196.4k 0.00% Added +89.0k +89,000
42 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $187.0k $187.0k 0.00% Reduced -100.0k -100,000
43 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 107,000107.0k $99.6k $99.6k 0.00% Reduced -2.0k -2,000
44 Virtus Investment Advisers, LLC 0.04% of their portfolio HARTFORD, CT 46,00046.0k $42.8k $42.8k 0.04% Unchanged
45 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 39,00039.0k $36.7k $36.7k 0.00% Reduced -23.0k -23,000
46 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 37,00037.0k $34.5k $34.5k 0.01% Unchanged
47 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 28,21928.2k $634.1k $634.1k 0.00% New
48 K2 PRINCIPAL FUND, L.P. 3.27% of their portfolio TORONTO, A6 15,85915.9k $14.8m $14.8m 3.27% Unchanged
49 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 8,3008.3k $774.0k $774.0k 0.00% Reduced -5.0k -5,000
50 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3,0003.0k $2.8k $2.8k 0.00% Unchanged
51 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged