Vault-13

DROPBOX INC DBX 0 03.01.28

NOTE 3/0 · US DOMESTIC · CUSIP 26210CAD6

73 institutional holders +4 vs Q1 2024
30,750,16730.8m shares reported held*
$793.5mreported value*
10 new 13 added 21 reduced 7 sold out net sold ≈ $77.9m (+1.4m 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 ($2.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.89.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 62Q1 23: 65Q2 23: 65Q3 23: 68Q4 23: 69Q1 24: 69Q2 24: 7373Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202260
Q4 202262
Q1 202365
Q2 202365
Q3 202368
Q4 202369
Q1 202469
Q2 202473

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 outQ2 23: 25 bought or addedQ2 23: 25 cut or sold outQ2 23Q3 23: 29 bought or addedQ3 23: 22 cut or sold outQ4 23: 24 bought or addedQ4 23: 30 cut or sold outQ4 23Q1 24: 35 bought or addedQ1 24: 29 cut or sold outQ2 24: 23 bought or addedQ2 24: 28 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222416
Q1 20232421
Q2 20232525
Q3 20232922
Q4 20232430
Q1 20243529
Q2 20242328

Biggest buyers

Shaolin Capital Management LLC Added +28,813,000+28.8m
SHENKMAN CAPITAL MANAGEMENT INC Added +19,995,000+20.0m
Daiwa Securities Group Inc. New +11,075,000+11.1m
Parallax Volatility Advisers, L.P. New +4,000,000+4.0m
KIM, LLC New +3,000,000+3.0m
BNP PARIBAS FINANCIAL MARKETS Added +2,458,000+2.5m
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Added +2,250,000+2.2m
ADVENT CAPITAL MANAGEMENT /DE/ Added +2,142,000+2.1m
BARCLAYS PLC New +1,863,000+1.9m
EDMOND DE ROTHSCHILD HOLDING S.A. New +1,835,000+1.8m

Biggest sellers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -49,300,000-49.3m
Mirabaud Asset Management (France) SAS Sold out -24,400,000-24.4m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -16,091,000-16.1m
JPMORGAN CHASE & CO Reduced -12,984,000-13.0m
SONA ASSET MANAGEMENT (US) LLC Reduced -12,000,000-12.0m
DLD Asset Management, LP Sold out -10,000,000-10.0m
MORGAN STANLEY Reduced -9,565,000-9.6m
Linden Advisors LP Reduced -7,750,000-7.8m
CITADEL ADVISORS LLC Sold out -5,000,000-5.0m
BANK OF MONTREAL /CAN/ Reduced -2,900,000-2.9m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 102,974,000103.0m $94.0m $94.0m 0.00% Reduced -13.0m -12,984,000
2 Shaolin Capital Management LLC 1.37% of their portfolio Miami, FL 48,813,00048.8m $44.4m $44.4m 1.37% Added +28.8m +28,813,000
3 Linden Advisors LP 0.35% of their portfolio New York, NY 45,613,00045.6m $41.6m $41.6m 0.35% Reduced -7.8m -7,750,000
4 SONA ASSET MANAGEMENT (US) LLC 3.38% of their portfolio NEW YORK, NY 45,500,00045.5m $41.5m $41.5m 3.38% Reduced -12.0m -12,000,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.89% of their portfolio NEW YORK, NY 40,004,00040.0m $36.6m $36.6m 0.89% Added +2.1m +2,142,000
6 III Capital Management 1.77% of their portfolio BOCA RATON, FL 35,085,00035.1m $32.0m $32.0m 1.77% Added +1.0m +1,000,000
7 SHENKMAN CAPITAL MANAGEMENT INC 2.62% of their portfolio NEW YORK, NY 32,900,00032.9m $30.5m $30.5m 2.62% Added +20.0m +19,995,000
8 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 32,787,00032.8m $29.9m $29.9m 0.15% Unchanged
9 MacKay Shields LLC 0.68% of their portfolio New York, NY 24,613,00024.6m $22.5m $22.5m 0.68% Reduced -145.0k -145,000
10 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 20,000,00020.0m $18.3m $18.3m 0.03% Unchanged
11 Lombard Odier Asset Management (Europe) Ltd 0.74% of their portfolio LONDON, X0 16,608,00016.6m $15.2m $15.2m 0.74% Unchanged
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,935,00014.9m $13.6m $13.6m 0.00% Added +100.0k +100,000
13 BlackRock Inc. 0.00% of their portfolio New York, NY 13,660,00013.7m $12.4m $12.4m 0.00% Unchanged
14 Daiwa Securities Group Inc. 0.05% of their portfolio CHIYODA-KU,TOKYO, M0 11,075,00011.1m $10.1m $10.1m 0.05% New
15 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 10,352,00010.4m $9.4m $9.4m 0.00% Unchanged
16 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 10,000,00010.0m $9.1m $9.1m 0.00% Reduced -2.0m -2,000,000
17 Davidson Kempner Capital Management LP 0.15% of their portfolio New York, NY 10,000,00010.0m $9.1m $9.1m 0.15% Unchanged
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,350,0007.3m $6.7m $6.7m 0.00% Unchanged
19 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 7,290,0007.3m $6.7m $6.7m 0.00% Reduced -53.0k -53,000
20 OFI INVEST ASSET MANAGEMENT 0.16% of their portfolio ISSY LES MOULINEAUX, I0 7,200,0007.2m $6.1m $6.1m 0.16% Reduced -7.2k -7,200
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,293,0006.3m $5.7m $5.7m 0.00% Reduced -900.0k -900,000
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,250,0006.2m $5.7m $5.7m 0.01% Reduced -500.0k -500,000
23 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 6,250,0006.2m $5.7m $5.7m 0.01% Added +2.2m +2,250,000
24 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,598,0005.6m $5.1m $5.1m 0.01% Added +380.0k +380,000
25 OMERS ADMINISTRATION Corp 0.04% of their portfolio TORONTO, A6 5,000,0005.0m $4.6m $4.6m 0.04% Unchanged
26 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 5,000,0005.0m $4.6m $4.6m 0.01% Added +1.0m +1,000,000
27 Radcliffe Capital Management, L.P. 0.89% of their portfolio BALA CYNWYD, PA 5,000,0005.0m $4.5m $4.5m 0.89% Unchanged
28 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,860,0004.9m $4.4m $4.4m 0.00% Added +2.5m +2,458,000
29 CAMDEN ASSET MANAGEMENT L P /CA 0.12% of their portfolio Los Angeles, CA 4,350,0004.3m $4.0m $4.0m 0.12% Unchanged
30 Parallax Volatility Advisers, L.P. 0.09% of their portfolio San Francisco, CA 4,000,0004.0m $3.6m $3.6m 0.09% New
31 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 3,773,0003.8m $3.4m $3.4m 0.01% Reduced -1.5m -1,500,000
32 FMR LLC 0.00% of their portfolio BOSTON, MA 3,635,0003.6m $3.3m $3.3m 0.00% Reduced -365.0k -365,000
33 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,500,0003.5m $3.2m $3.2m 0.00% Reduced -2.9m -2,900,000
34 RWC Asset Management LLP 0.22% of their portfolio LONDON, X0 3,500,0003.5m $3.2m $3.2m 0.22% Reduced -1.0m -1,000,000
35 PALISADE CAPITAL MANAGEMENT, LP 0.08% of their portfolio FORT LEE, NJ 3,246,0003.2m $3.0m $3.0m 0.08% Unchanged
36 KIM, LLC 0.30% of their portfolio WICHITA, KS 3,000,0003.0m $2.7m $2.7m 0.30% New
37 Paloma Partners Management Co 0.21% of their portfolio GREENWICH, CT 2,730,0002.7m $2.5m $2.5m 0.21% Reduced -720.0k -720,000
38 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 2,553,0002.6m $2.3m $2.3m 0.00% Reduced -16.1m -16,091,000
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,436,0002.4m $2.2m $2.2m 0.00% Added +1.2m +1,199,000
40 Man Group plc 0.01% of their portfolio LONDON, X0 2,200,0002.2m $2.0m $2.0m 0.01% Added +250.0k +250,000
41 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,195,0002.2m $2.0m $2.0m 0.00% Reduced -9.6m -9,565,000
42 WESTWOOD HOLDINGS GROUP INC 0.85% of their portfolio DALLAS, TX 2,000,0002.0m $181.9m $181.9m 0.85% Unchanged
43 INGALLS & SNYDER LLC 0.08% of their portfolio NEW YORK, NY 1,915,0001.9m $1.7m $1.7m 0.08% Reduced -100.0k -100,000
44 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,863,0001.9m $1.7m $1.7m 0.00% New
45 EDMOND DE ROTHSCHILD HOLDING S.A. 0.03% of their portfolio CHAMBESY, V8 1,835,0001.8m $1.7m $1.7m 0.03% New
46 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,718,0001.7m $1.6m $1.6m 0.00% Reduced -480.0k -480,000
47 BOOTHBAY FUND MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 1,607,0001.6m $1.5m $1.5m 0.05% Reduced -2.2m -2,200,000
48 CSS LLC/IL 0.10% of their portfolio CHICAGO, IL 1,500,0001.5m $1.4m $1.4m 0.10% Reduced -2.0m -2,000,000
49 Quaero Capital S.A. 1.72% of their portfolio GENEVE, V8 1,400,0001.4m $1.3m $1.3m 1.72% Unchanged
50 Liberty Mutual Group Asset Management Inc. 0.18% of their portfolio Boston, MA 1,350,0001.4m $1.2m $1.2m 0.18% Unchanged
51 PROSPECTOR PARTNERS LLC 0.14% of their portfolio GUILFORD, CT 1,300,0001.3m $1.2m $1.2m 0.14% Unchanged
52 NOMURA HOLDINGS INC 0.13% of their portfolio TOKYO, M0 898,014898.0k $20.2m $20.2m 0.13% Added +146.6k +146,578
53 GROUPAMA ASSET MANAGMENT 0.01% of their portfolio PARIS, I0 600,000600.0k $547.4k $547.4k 0.01% Unchanged
54 Fore Capital, LLC 0.69% of their portfolio New York, NY 500,000500.0k $457.2k $457.2k 0.69% Unchanged
55 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 380,000380.0k $343.9k $343.9k 0.00% Unchanged
56 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 300,000300.0k $273.7k $273.7k 0.00% Unchanged
57 DNCA FINANCE 0.02% of their portfolio PARIS, I0 250,000250.0k $228.1k $228.1k 0.02% First filing
58 AQR Arbitrage LLC 0.01% of their portfolio Greenwich, CT 230,000230.0k $210.3k $210.3k 0.01% New
59 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 221,000221.0k $202.1k $202.1k 0.00% Unchanged
60 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 207,000207.0k $188.2k $188.2k 0.00% Unchanged
61 KBC Group NV 0.00% of their portfolio Brussels, C9 200,000200.0k $182.0k $182.0k 0.00% Unchanged
62 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 148,000148.0k $134.6k $134.6k 0.00% Reduced -1.0m -1,000,000
63 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 130,553130.6k $2.9m $2.9m 0.00% New
64 SSI INVESTMENT MANAGEMENT LLC 0.01% of their portfolio Los Angeles, CA 98,00098.0k $89.1k $89.1k 0.01% Unchanged
65 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 93,00093.0k $84.6k $84.6k 0.00% Added +59.0k +59,000
66 Virtus Investment Advisers, LLC 0.04% of their portfolio HARTFORD, CT 49,00049.0k $44.6k $44.6k 0.04% Unchanged
67 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 36,00036.0k $32.8k $32.8k 0.00% New
68 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 14,00014.0k $12.7k $12.7k 0.00% Unchanged
69 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 11,00011.0k $10.0k $10.0k 0.00% New
70 Boussard & Gavaudan Investment Management LLP 1.11% of their portfolio London, X0 7,6007.6k $6.9m $6.9m 1.11% New
71 Alken Asset Management Ltd 0.02% of their portfolio LONDON, X0 1,2001.2k $1.1k $1.1k 0.02% Unchanged
72 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 600600 $547.4k $547.4k 0.00% Unchanged
73 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged