DBX
Dropbox, Inc. · Technology · Software - Infrastructure
Momentum inputs (comparable managers):
holder breadth -5.9% ·
share flow -1.6% ·
net new positions -6.2%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 122 | +6 | 128.76M | $3.53B | +10 | −3 |
| Q1 2026 | 118 | -4 | 128.38M | $2.92B | +4 | −9 |
| Q4 2025 | 122 | 0 | 147.19M | $4.09B | +1 | — |
| Q3 2025 | 19 | +1 | 95.85M | $2.90B | +1 | −1 |
| Q2 2025 | 16 | -1 | 86.97M | $2.49B | — | −1 |
| Q1 2025 | 14 | -1 | 35.32M | $943.24M | — | −1 |
| Q4 2024 | 15 | +1 | 34.60M | $1.04B | +1 | — |
| Q3 2024 | 13 | -2 | 24.59M | $625.09M | — | −2 |
| Q2 2024 | 15 | — | 24.15M | $542.09M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 25.27M | — | $722.76M | 0.0% | n/c | 1 | SEC ↗ |
| 2 | The Vanguard Group ✦ (passive) | 25.27M | — | $722.76M | 0.0% | n/c | 1 | SEC ↗ |
| 3 | The Vanguard Group ✦ (passive) | 25.27M | — | $722.76M | 0.0% | n/c | 1 | SEC ↗ |
| 4 | The Vanguard Group ✦ (passive) | 25.27M | — | $722.76M | 0.0% | n/c | 1 | SEC ↗ |
| 5 | The Vanguard Group ✦ (passive) | 25.27M | — | $722.76M | 0.0% | n/c | 1 | SEC ↗ |
| 6 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 7 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 8 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 9 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 10 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 11 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 12 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 13 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 14 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 15 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 16 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 17 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 18 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 19 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 20 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 21 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 22 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 23 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 24 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 25 | BlackRock ✦ (passive) | 22.06M | — | $630.96M | 0.0% | n/c | 1 | SEC ↗ |
| 26 | Renaissance Technologies ✦ | 10.10M | -4.0% | $288.86M | 0.4% | ▼ Trim | 5 | SEC ↗ |
| 27 | Arrowstreet Capital ✦ | 6.66M | +10.0% | $190.54M | 0.1% | ▲ Add | 5 | SEC ↗ |
| 28 | State Street Global Advisors ✦ (passive) | 6.59M | -11.6% | $188.37M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 29 | Fidelity (FMR) ✦ | 5.70M | — | $163.01M | 0.0% | n/c | 1 | SEC ↗ |
| 30 | Fidelity (FMR) ✦ | 5.70M | — | $163.01M | 0.0% | n/c | 1 | SEC ↗ |
| 31 | Fidelity (FMR) ✦ | 5.70M | — | $163.01M | 0.0% | n/c | 1 | SEC ↗ |
| 32 | Fidelity (FMR) ✦ | 5.70M | — | $163.01M | 0.0% | n/c | 1 | SEC ↗ |
| 33 | Fidelity (FMR) ✦ | 5.70M | — | $163.01M | 0.0% | n/c | 1 | SEC ↗ |
| 34 | Geode Capital Management ✦ (passive) | 4.26M | -6.9% | $123.33M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 35 | Geode Capital Management ✦ (passive) | 4.26M | -6.9% | $123.33M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 36 | AQR Capital Management ✦ | 2.27M | -18.8% | $64.26M | 0.1% | ▼ Trim | 5 | SEC ↗ |
| 37 | AQR Capital Management ✦ | 2.27M | -18.8% | $64.26M | 0.1% | ▼ Trim | 5 | SEC ↗ |
| 38 | AQR Capital Management ✦ | 2.27M | -18.8% | $64.26M | 0.1% | ▼ Trim | 5 | SEC ↗ |
| 39 | AQR Capital Management ✦ | 2.27M | -18.8% | $64.26M | 0.1% | ▼ Trim | 5 | SEC ↗ |
| 40 | Norges Bank ✦ (passive) | 1.79M | +204.6% | $51.31M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 41 | Millennium Management ✦ | 871.73K | +103.7% | $24.93M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 42 | Gotham Asset Management ✦ | 659.98K | +75.2% | $18.88M | 0.1% | ▲ Add | 5 | SEC ↗ |
| 43 | Bridgewater Associates ✦ | 288.05K | -46.8% | $8.24M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 44 | Two Sigma Investments ✦ | 141.82K | -76.8% | $4.06M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 45 | T. Rowe Price ✦ | 135.16K | -3.4% | $3.87M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 46 | T. Rowe Price ✦ | 135.16K | -3.4% | $3.87M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 47 | D. E. Shaw & Co. ✦ | 123.41K | -88.0% | $3.53M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 48 | D. E. Shaw & Co. ✦ | 123.41K | -88.0% | $3.53M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 49 | Wellington Management ✦ | 54.31K | 0.0% | $1.55M | 0.0% | Held | 5 | SEC ↗ |
| 50 | Wellington Management ✦ | 54.31K | 0.0% | $1.55M | 0.0% | Held | 5 | SEC ↗ |
| 51 | Wellington Management ✦ | 54.31K | 0.0% | $1.55M | 0.0% | Held | 5 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Citadel Advisors | $4.50M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 418 holders, 180.66M shares, $3.61B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Officer · 1.63K sh · $55,470
Officer · 15.83K sh · $539,694
Officer · 11.33K sh · $386,732
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology