Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Dropbox Inc (DBX)

416 + Investors. Track Smart Money conviction in DBX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -46
Streak
1Q ▼
Buyers last Q
43%

Smart Money Signals — DBX

Based on 419 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their DBX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 90% of 3.0Y peak

90% of all-time peak
419 funds currently hold this stock — 90% of the 3.0-year high of 465 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
31 fewer hedge funds hold DBX compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 43% buying

201 buying271 selling
Last quarter: 271 funds reduced or exited vs 201 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-23 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 71 → 69 → 75 → 52. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 20% medium ■ 14% new
277 out of 419 hedge funds have held DBX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -7%, value -32%

Value
-32%
Shares
-7%
Last quarter: funds added -7% more shares while total portfolio value only changed -32%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~52 new funds/quarter

76 → 71 → 69 → 75 → 52 new funds/Q
New funds entering each quarter: 71 → 69 → 75 → 52. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 70% veterans vs 20% newcomers

■ 70% veterans ■ 11% 1-2yr ■ 20% new
Entry-cohort mix of 435 holders: 303 (70%) are 2+ year veterans, 46 entered 1–2 years ago, and 86 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
55 of 416 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in DBX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DBX

In 2026 Q1, 201 hedge funds were net buyers of DBX (52 opened a new position, 149 added to an existing one), while 271 reduced or exited (173 trimmed, 98 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. 40% of total institutional value in DBX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -46 funds (more exits than new entries). Total institutional holders: 419.

Hedge Fund Ownership: DBX

How many hedge funds hold DBX — quarterly history vs. share price
Quarterly hedge fund ownership of DBX vs. share price

Market Analysis: DBX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DBX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Dropbox Inc (DBX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DBX has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
DBX
+14.6%
XLK
+43.7%

DBX outperformed XLK by -29.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
DBX
-2.9%
XLK
+8.4%

Since the filing became public, DBX outperformed XLK by -11.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

36 top-rated funds 0 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: DBX
416 + Investors

Track Smart Money conviction in DBX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 416 465 -10.54%
13F Shares 189M 204M -7.42%
Total Value $3.81B $5.61B -32.1%
New Positions 51 75 -24
Increased Positions 141 151 -10
Closed Positions 100 64 +36
Reduced Positions 169 167 +2
Total Calls 9 13 -30.77%
Total Puts 10 13 -23.08%
PUT/CALL Ratio 1.11 1.0 Neutral

Statistics: DBX

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

416 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DBX. Verified SEC 13F-HR filings.

QUARTER:
Top 25 DBX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Graphene Investments SAS 1.79% 117,400 $2.7M
2 Seizert Capital Partners, LLC 1.63% 1,556,286 $35.4M
3 Wedge Capital Management L L P/Nc 1.00% 2,378,062 $54.0M
4 Blueshift Asset Management, LLC 0.70% 101,805 $2.3M
5 3Chopt Investment Partners, LLC 0.61% 116,548 $2.6M
6 Ares Systematic Credit Ltd 0.53% 29,644 $669K
7 Distillate Capital Partners LLC 0.52% 436,267 $9.9M
8 Lakewood Asset Management LLC 0.50% 34,442 $783K
9 Intrepid Capital Management Inc 0.48% 54,769 $1.2M
10 Odyssean, LLC 0.47% 56,758 $1.3M
11 Jacobs Levy Equity Management, Inc 0.46% 4,803,221 $109.1M
12 Clark Estates Inc/Ny 0.44% 80,800 $1.8M
13 Twinbeech Capital LP 0.37% 158,132 $3.6M
14 Convergence Investment Partners, LLC 0.35% 92,775 $2.1M
15 Virtus Advisers, LLC 0.34% 31,943 $726K
16 Landscape Capital Management, L.L.C. 0.32% 220,510 $5.0M
17 Womack Financial LLC 0.31% 18,671 $424K
18 denkapparat Operations GmbH 0.30% 31,898 $725K
19 Inceptionr LLC 0.29% 53,245 $1.2M
20 Renaissance Technologies LLC 0.27% 7,721,067 $175.4M
21 Strategic Global Advisors, LLC 0.26% 72,522 $1.6M
22 Oak Thistle LLC 0.23% 102,871 $2.3M
23 Bayforest Capital Ltd 0.21% 8,437 $192K
24 DGS Capital Management, LLC 0.21% 56,603 $1.3M
25 Hussman Strategic Advisors, INC. 0.21% 42,000 $954K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Dropbox Inc (DBX)

What does the Smart Money Trend signal show for DBX?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their DBX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for DBX?

More sellers than buyers — 43% buying: Last quarter: 271 funds reduced or exited vs 201 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for DBX holders?

Elite ownership — 40% AUM from top-100 funds: 55 of 416 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in DBX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DBX?

66% of holders stayed for 2+ years: 277 out of 419 hedge funds have held DBX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Dropbox Inc (DBX) following the 2026 Q1 hedge fund 13F filings?

As of today, DBX has moved -2.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.4% for the XLK sector ETF — an outperformance of -11.3%. Since the quarter end (March 31, 2026), DBX has gained +14.6% vs +43.7% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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