Vault-13

DROPBOX INC DBX 0 03.01.28

NOTE 3/0 · US DOMESTIC · CUSIP 26210CAD6

65 institutional holders +0 vs Q1 2023
57,568,00057.6m shares reported held*
$634.0mreported value*
8 new 17 added 18 reduced 7 sold out net bought ≈ $10.9m (+18.0m 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 ($4.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.09.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 62Q1 23: 65Q2 23: 6565Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202260
Q4 202262
Q1 202365
Q2 202365

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: 16 cut or sold outQ4 22Q1 23: 24 bought or addedQ1 23: 21 cut or sold outQ1 23Q2 23: 25 bought or addedQ2 23: 25 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222416
Q1 20232421
Q2 20232525

Biggest buyers

Linden Advisors LP Added +30,250,000+30.2m
Polar Capital Holdings Plc Added +12,000,000+12.0m
SONA ASSET MANAGEMENT (US) LLC Added +10,520,000+10.5m
TORONTO DOMINION BANK Added +5,648,000+5.6m
Radcliffe Capital Management, L.P. New +5,000,000+5.0m
Lombard Odier Asset Management (Europe) Ltd New +3,919,000+3.9m
Jefferies Financial Group Inc. Added +3,430,000+3.4m
TWO SIGMA INVESTMENTS, LP New +3,110,000+3.1m
BANK OF MONTREAL /CAN/ Added +3,000,000+3.0m
NEW YORK STATE COMMON RETIREMENT FUND Added +2,520,000+2.5m

Biggest sellers

Davidson Kempner Capital Management LP Reduced -13,500,000-13.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -11,985,000-12.0m
JPMORGAN CHASE & CO Reduced -8,572,000-8.6m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -7,892,000-7.9m
AQR Arbitrage LLC Sold out -7,572,000-7.6m
Segantii Capital Management Ltd Reduced -5,000,000-5.0m
FMR LLC Reduced -4,000,000-4.0m
AMERIPRISE FINANCIAL INC Reduced -4,000,000-4.0m
RWC Asset Management LLP Sold out -4,000,000-4.0m
III Capital Management Reduced -4,000,000-4.0m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 77,303,00077.3m $74.3m $74.3m 0.01% Reduced -8.6m -8,572,000
2 Linden Advisors LP 0.73% of their portfolio New York, NY 72,459,00072.5m $69.6m $69.6m 0.73% Added +30.2m +30,250,000
3 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 56,300,00056.3m $48.9m $48.9m 0.02% Unchanged
4 ADVENT CAPITAL MANAGEMENT /DE/ 0.83% of their portfolio NEW YORK, NY 43,150,00043.1m $41.5m $41.5m 0.83% Reduced -7.9m -7,892,000
5 Davidson Kempner Capital Management LP 0.81% of their portfolio New York, NY 40,467,00040.5m $38.7m $38.7m 0.81% Reduced -13.5m -13,500,000
6 Calamos Advisors LLC 0.16% of their portfolio NAPERVILLE, IL 32,787,00032.8m $31.5m $31.5m 0.16% Unchanged
7 MacKay Shields LLC 0.67% of their portfolio New York, NY 24,873,00024.9m $23.9m $23.9m 0.67% Added +342.0k +342,000
8 Polar Capital Holdings Plc 0.14% of their portfolio London, X0 22,000,00022.0m $21.2m $21.2m 0.14% Added +12.0m +12,000,000
9 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 19,194,00019.2m $18.4m $18.4m 0.03% Unchanged
10 Daiwa Securities Group Inc. 0.12% of their portfolio CHIYODA-KU,TOKYO, M0 19,000,00019.0m $18.3m $18.3m 0.12% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 16,635,00016.6m $16.0m $16.0m 0.00% Added +2.0m +2,000,000
12 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 16,500,00016.5m $15.8m $15.8m 0.00% Reduced -4.0m -4,000,000
13 SONA ASSET MANAGEMENT (US) LLC 3.45% of their portfolio NEW YORK, NY 15,320,00015.3m $14.8m $14.8m 3.45% Added +10.5m +10,520,000
14 III Capital Management 1.02% of their portfolio BOCA RATON, FL 13,636,00013.6m $13.1m $13.1m 1.02% Reduced -4.0m -4,000,000
15 SHENKMAN CAPITAL MANAGEMENT INC 0.98% of their portfolio NEW YORK, NY 13,094,00013.1m $12.6m $12.6m 0.98% Reduced -118.0k -118,000
16 BlackRock Inc. 0.00% of their portfolio New York, NY 12,335,00012.3m $11.8m $11.8m 0.00% Unchanged
17 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 11,296,00011.3m $10.7m $10.7m 0.01% Added +5.6m +5,648,000
18 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 10,000,00010.0m $9.6m $9.6m 0.02% Unchanged
19 Segantii Capital Management Ltd 0.56% of their portfolio HONG KONG, K3 10,000,00010.0m $9.6m $9.6m 0.56% Reduced -5.0m -5,000,000
20 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 9,483,0009.5m $9.1m $9.1m 0.00% Reduced -194.0k -194,000
21 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 9,370,0009.4m $9.0m $9.0m 0.01% Reduced -204.0k -204,000
22 SSI INVESTMENT MANAGEMENT LLC 0.55% of their portfolio Los Angeles, CA 8,210,0008.2m $7.9m $7.9m 0.55% Reduced -300.0k -300,000
23 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 8,125,0008.1m $7.8m $7.8m 0.00% Added +1.2m +1,215,000
24 DeepCurrents Investment Group LLC 0.29% of their portfolio NEW YORK, NY 7,000,0007.0m $6.7m $6.7m 0.29% Unchanged
25 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,500,0006.5m $6.2m $6.2m 0.02% Unchanged
26 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 6,350,0006.3m $6.1m $6.1m 0.01% Reduced -12.0m -11,985,000
27 Jefferies Financial Group Inc. 0.12% of their portfolio NEW YORK, NY 5,794,0005.8m $5.6m $5.6m 0.12% Added +3.4m +3,430,000
28 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,750,0005.8m $5.5m $5.5m 0.01% Added +1.0m +1,000,000
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 5,328,0005.3m $5.1m $5.1m 0.00% Reduced -700.0k -700,000
30 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,094,0005.1m $4.9m $4.9m 0.01% Added +2.5m +2,520,000
31 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,000,0005.0m $4.8m $4.8m 0.00% Added +3.0m +3,000,000
32 Radcliffe Capital Management, L.P. 0.41% of their portfolio BALA CYNWYD, PA 5,000,0005.0m $4.8m $4.8m 0.41% New
33 PALISADE CAPITAL MANAGEMENT, LP 0.12% of their portfolio FORT LEE, NJ 4,666,0004.7m $4.5m $4.5m 0.12% Reduced -2.1m -2,088,000
34 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,210,0004.2m $4.0m $4.0m 0.00% Reduced -816.0k -816,000
35 FMR LLC 0.00% of their portfolio BOSTON, MA 4,000,0004.0m $3.8m $3.8m 0.00% Reduced -4.0m -4,000,000
36 CAMDEN ASSET MANAGEMENT L P /CA 0.13% of their portfolio Los Angeles, CA 3,950,0004.0m $3.8m $3.8m 0.13% Unchanged
37 Lombard Odier Asset Management (Europe) Ltd 0.18% of their portfolio LONDON, X0 3,919,0003.9m $3.8m $3.8m 0.18% New
38 JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio London, X0 3,250,0003.2m $3.1m $3.1m 0.03% Unchanged
39 Man Group plc 0.01% of their portfolio LONDON, X0 3,150,0003.1m $3.0m $3.0m 0.01% Reduced -1.6m -1,600,000
40 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 3,110,0003.1m $3.0m $3.0m 0.01% New
41 Paloma Partners Management Co 0.60% of their portfolio GREENWICH, CT 2,704,0002.7m $2.6m $2.6m 0.60% Added +1.5m +1,504,000
42 CSS LLC/IL 0.18% of their portfolio CHICAGO, IL 2,500,0002.5m $2.4m $2.4m 0.18% New
43 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,500,0002.5m $2.4m $2.4m 0.02% Added +1.0m +1,000,000
44 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,933,0001.9m $1.9m $1.9m 0.00% Added +1.3m +1,300,000
45 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,496,0001.5m $1.4m $1.4m 0.00% Added +916.0k +916,000
46 Amundi 0.00% of their portfolio Paris, I0 1,400,0001.4m $1.3m $1.3m 0.00% New
47 Quaero Capital S.A. 1.03% of their portfolio GENEVE, V8 1,400,0001.4m $1.3m $1.3m 1.03% Unchanged
48 Liberty Mutual Group Asset Management Inc. 0.33% of their portfolio Boston, MA 1,350,0001.4m $1.3m $1.3m 0.33% Unchanged
49 LBP AM SA 0.03% of their portfolio Paris, I0 1,350,0001.4m $1.3m $1.3m 0.03% Unchanged
50 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 1,178,0001.2m $996.7k $996.7k 0.00% Unchanged
51 PROSPECTOR PARTNERS LLC 0.13% of their portfolio GUILFORD, CT 1,000,0001.0m $956.5k $956.5k 0.13% New
52 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 875,000875.0k $836.9k $836.9k 0.00% Added +275.0k +275,000
53 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 871,000871.0k $833.1k $833.1k 0.00% New
54 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 676,000676.0k $646.6k $646.6k 0.00% Added +369.0k +369,000
55 Fore Capital, LLC 0.86% of their portfolio New York, NY 500,000500.0k $480.8k $480.8k 0.86% Unchanged
56 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 430,000430.0k $413.4k $413.4k 0.00% Reduced -120.0k -120,000
57 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $288.4k $288.4k 0.00% Unchanged
58 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 257,000257.0k $245.8k $245.8k 0.00% Unchanged
59 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $192.0k $192.0k 0.00% Unchanged
60 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 150,000150.0k $143.5k $143.5k 0.00% Reduced -11.0k -11,000
61 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 131,000131.0k $126.0k $126.0k 0.00% Unchanged
62 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 31,00031.0k $30.0k $30.0k 0.00% Unchanged
63 BLUEFIN CAPITAL MANAGEMENT, LLC 0.44% of their portfolio NEW YORK, NY 20,00020.0k $1.9m $1.9m 0.44% New
64 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 2,0352.0k $2.0m $2.0m 0.03% Unchanged
65 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged