Vault-13

DROPBOX INC DBX 0 03.01.28

NOTE 3/0 · US DOMESTIC · CUSIP 26210CAD6

69 institutional holders +0 vs Q4 2023
29,306,63629.3m shares reported held*
$702.5mreported value*
13 new 22 added 17 reduced 12 sold out net bought ≈ $44.0m (+7.9m 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 ($3.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.08.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 62Q1 23: 65Q2 23: 65Q3 23: 68Q4 23: 69Q1 24: 6969Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202260
Q4 202262
Q1 202365
Q2 202365
Q3 202368
Q4 202369
Q1 202469

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 23Q3 23: 29 bought or addedQ3 23: 22 cut or sold outQ3 23Q4 23: 24 bought or addedQ4 23: 30 cut or sold outQ4 23Q1 24: 35 bought or addedQ1 24: 29 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222416
Q1 20232421
Q2 20232525
Q3 20232922
Q4 20232430
Q1 20243529

Biggest buyers

SONA ASSET MANAGEMENT (US) LLC Added +41,476,000+41.5m
ADVENT CAPITAL MANAGEMENT /DE/ Added +33,134,000+33.1m
Lombard Odier Asset Management (Europe) Ltd New +16,608,000+16.6m
III Capital Management Added +12,321,000+12.3m
DLD Asset Management, LP New +10,000,000+10.0m
Shaolin Capital Management LLC Added +10,000,000+10.0m
MARSHALL WACE, LLP Added +10,000,000+10.0m
MORGAN STANLEY Added +9,320,000+9.3m
FRANKLIN RESOURCES INC New +7,343,000+7.3m
OFI INVEST ASSET MANAGEMENT Added +7,200,000+7.2m

Biggest sellers

Polar Asset Management Partners Inc. Sold out -42,500,000-42.5m
Segantii Capital Management Ltd Sold out -15,444,000-15.4m
Daiwa Securities Group Inc. Sold out -15,000,000-15.0m
GOLDMAN SACHS GROUP INC Reduced -13,000,000-13.0m
Davidson Kempner Capital Management LP Reduced -10,000,000-10.0m
SSI INVESTMENT MANAGEMENT LLC Reduced -9,550,000-9.6m
Linden Advisors LP Reduced -8,691,000-8.7m
TWO SIGMA INVESTMENTS, LP Sold out -8,110,000-8.1m
DeepCurrents Investment Group LLC Sold out -7,000,000-7.0m
Polar Capital Holdings Plc Sold out -4,000,000-4.0m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 115,958,000116.0m $108.5m $108.5m 0.00% Added +806.0k +806,000
2 SONA ASSET MANAGEMENT (US) LLC 4.67% of their portfolio NEW YORK, NY 57,500,00057.5m $53.8m $53.8m 4.67% Added +41.5m +41,476,000
3 Linden Advisors LP 0.40% of their portfolio New York, NY 53,363,00053.4m $49.9m $49.9m 0.40% Reduced -8.7m -8,691,000
4 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 49,300,00049.3m $46.0m $46.0m 0.02% Reduced -700.0k -700,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.91% of their portfolio NEW YORK, NY 37,862,00037.9m $35.7m $35.7m 0.91% Added +33.1m +33,134,000
6 III Capital Management 1.81% of their portfolio BOCA RATON, FL 34,085,00034.1m $31.9m $31.9m 1.81% Added +12.3m +12,321,000
7 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 32,787,00032.8m $30.7m $30.7m 0.15% Unchanged
8 MacKay Shields LLC 0.64% of their portfolio New York, NY 24,758,00024.8m $23.2m $23.2m 0.64% Reduced -70.0k -70,000
9 Mirabaud Asset Management (France) SAS 10.27% of their portfolio PARIS, I0 24,400,00024.4m $22.8m $22.8m 10.27% Reduced -2.1m -2,100,000
10 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 20,000,00020.0m $18.7m $18.7m 0.03% Added +10.0m +10,000,000
11 Shaolin Capital Management LLC 0.67% of their portfolio Miami, FL 20,000,00020.0m $18.7m $18.7m 0.67% Added +10.0m +10,000,000
12 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 18,644,00018.6m $17.4m $17.4m 0.02% Added +300.0k +300,000
13 Lombard Odier Asset Management (Europe) Ltd 0.99% of their portfolio LONDON, X0 16,608,00016.6m $15.5m $15.5m 0.99% New
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,835,00014.8m $13.9m $13.9m 0.00% Added +500.0k +500,000
15 BlackRock Inc. 0.00% of their portfolio New York, NY 13,660,00013.7m $12.7m $12.7m 0.00% Added +300.0k +300,000
16 SHENKMAN CAPITAL MANAGEMENT INC 0.87% of their portfolio NEW YORK, NY 12,905,00012.9m $12.4m $12.4m 0.87% Added +1.9m +1,857,000
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 12,000,00012.0m $11.2m $11.2m 0.00% Added +1.5m +1,500,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11,760,00011.8m $11.0m $11.0m 0.00% Added +9.3m +9,320,000
19 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 10,352,00010.4m $9.7m $9.7m 0.00% Added +50.0k +50,000
20 DLD Asset Management, LP 1.61% of their portfolio NEW YORK, NY 10,000,00010.0m $9.3m $9.3m 1.61% New
21 Davidson Kempner Capital Management LP 0.14% of their portfolio New York, NY 10,000,00010.0m $9.3m $9.3m 0.14% Reduced -10.0m -10,000,000
22 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,350,0007.3m $6.9m $6.9m 0.00% Added +6.6m +6,600,000
23 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 7,343,0007.3m $6.9m $6.9m 0.00% New
24 OFI INVEST ASSET MANAGEMENT 0.35% of their portfolio ISSY LES MOULINEAUX, I0 7,207,2007.2m $13.0m $13.0m 0.35% Added +7.2m +7,200,000
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 7,193,0007.2m $6.7m $6.7m 0.00% New
26 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,750,0006.8m $6.3m $6.3m 0.01% Added +500.0k +500,000
27 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 6,400,0006.4m $6.0m $6.0m 0.00% Added +1.9m +1,900,000
28 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 5,273,0005.3m $4.9m $4.9m 0.01% Reduced -500.0k -500,000
29 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,218,0005.2m $4.9m $4.9m 0.01% New
30 OMERS ADMINISTRATION Corp 0.05% of their portfolio TORONTO, A6 5,000,0005.0m $4.7m $4.7m 0.05% Unchanged
31 Radcliffe Capital Management, L.P. 0.90% of their portfolio BALA CYNWYD, PA 5,000,0005.0m $4.7m $4.7m 0.90% Unchanged
32 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,000,0005.0m $4.7m $4.7m 0.00% Reduced -1.0m -1,000,000
33 RWC Asset Management LLP 0.26% of their portfolio LONDON, X0 4,500,0004.5m $4.2m $4.2m 0.26% New
34 CAMDEN ASSET MANAGEMENT L P /CA 0.15% of their portfolio Los Angeles, CA 4,350,0004.3m $4.1m $4.1m 0.15% Added +600.0k +600,000
35 FMR LLC 0.00% of their portfolio BOSTON, MA 4,000,0004.0m $3.7m $3.7m 0.00% Unchanged
36 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 4,000,0004.0m $3.8m $3.8m 0.00% New
37 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 4,000,0004.0m $3.7m $3.7m 0.01% Unchanged
38 BOOTHBAY FUND MANAGEMENT, LLC 0.10% of their portfolio NEW YORK, NY 3,807,0003.8m $3.6m $3.6m 0.10% Added +3.2m +3,179,000
39 CSS LLC/IL 0.27% of their portfolio CHICAGO, IL 3,500,0003.5m $3.3m $3.3m 0.27% Unchanged
40 Paloma Partners Management Co 0.47% of their portfolio GREENWICH, CT 3,450,0003.5m $3.2m $3.2m 0.47% Added +2.3m +2,328,000
41 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 3,246,0003.2m $3.0m $3.0m 0.08% Reduced -320.0k -320,000
42 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,402,0002.4m $2.2m $2.2m 0.00% Reduced -1.7m -1,672,000
43 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,198,0002.2m $2.1m $2.1m 0.00% Reduced -3.3m -3,325,000
44 INGALLS & SNYDER LLC 0.08% of their portfolio NEW YORK, NY 2,015,0002.0m $1.9m $1.9m 0.08% New
45 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 2,000,0002.0m $1.9m $1.9m 0.01% Unchanged
46 Man Group plc 0.00% of their portfolio LONDON, X0 1,950,0001.9m $1.8m $1.8m 0.00% Reduced -650.0k -650,000
47 JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio London, X0 1,750,0001.8m $1.6m $1.6m 0.02% Reduced -1.0m -1,000,000
48 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 1,530,0001.5m $1.4m $1.4m 0.03% New
49 Quaero Capital S.A. 2.04% of their portfolio GENEVE, V8 1,400,0001.4m $1.3m $1.3m 2.04% Unchanged
50 Liberty Mutual Group Asset Management Inc. 0.36% of their portfolio Boston, MA 1,350,0001.4m $1.3m $1.3m 0.36% Unchanged
51 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,300,0001.3m $1.2m $1.2m 0.00% Reduced -926.0k -926,000
52 PROSPECTOR PARTNERS LLC 0.14% of their portfolio GUILFORD, CT 1,300,0001.3m $1.2m $1.2m 0.14% Added +200.0k +200,000
53 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,237,0001.2m $1.2m $1.2m 0.00% New
54 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,148,0001.1m $1.1m $1.1m 0.00% Reduced -13.0m -13,000,000
55 NOMURA HOLDINGS INC 0.15% of their portfolio TOKYO, M0 751,436751.4k $18.3m $18.3m 0.15% Reduced -108.5k -108,504
56 GROUPAMA ASSET MANAGMENT 0.01% of their portfolio PARIS, I0 600,000600.0k $519.7k $519.7k 0.01% Unchanged
57 Fore Capital, LLC 0.85% of their portfolio New York, NY 500,000500.0k $469.1k $469.1k 0.85% Unchanged
58 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 380,000380.0k $355.9k $355.9k 0.00% Reduced -100.0k -100,000
59 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $280.6k $280.6k 0.00% Unchanged
60 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 221,000221.0k $207.3k $207.3k 0.00% Added +25.0k +25,000
61 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 207,000207.0k $193.2k $193.2k 0.00% Unchanged
62 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $187.0k $187.0k 0.00% Unchanged
63 SSI INVESTMENT MANAGEMENT LLC 0.01% of their portfolio Los Angeles, CA 98,00098.0k $91.4k $91.4k 0.01% Reduced -9.6m -9,550,000
64 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 49,00049.0k $45.7k $45.7k 0.03% New
65 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 34,00034.0k $31.7k $31.7k 0.00% Unchanged
66 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 14,00014.0k $13.1k $13.1k 0.00% New
67 Alken Asset Management Ltd 0.03% of their portfolio LONDON, X0 1,2001.2k $1.1k $1.1k 0.03% New
68 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 600600 $561.3k $561.3k 0.00% Unchanged
69 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged