Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Dropbox Inc (DBX)

446 + 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
↑ +31
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — DBX

Based on 453 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added DBX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
453 hedge funds hold DBX right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding DBX is almost the same as a year ago (-7 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 50% buying

234 buying233 selling
Last quarter: 234 funds bought or added vs 233 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+36 vs last Q)

new funds entering per quarter
Funds opening a new DBX position: 69 → 75 → 53 → 89. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 19% medium ■ 17% new
291 out of 453 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.
💰

Value +24% but shares only +2% — price-driven

Value
+23%
Shares
+2%
Last quarter: the total dollar value of institutional holdings rose +24%, but actual share count only changed +2%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~89 new funds/quarter

73 → 69 → 75 → 53 → 89 new funds/Q
New funds entering each quarter: 69 → 75 → 53 → 89. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 69% veterans vs 19% newcomers

■ 69% veterans ■ 12% 1-2yr ■ 19% new
Entry-cohort mix of 472 holders: 324 (69%) are 2+ year veterans, 56 entered 1–2 years ago, and 92 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
60 of 451 holders are among the 100 largest funds by AUM, controlling 60% 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.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 Q2, 234 hedge funds were net buyers of DBX (89 opened a new position, 145 added to an existing one), while 233 reduced or exited (175 trimmed, 58 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 60% of total institutional value in DBX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +31 funds (more new holders than closures). Total institutional holders: 453.

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 Q2 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 June 30, 2026 · 82d ago
DBX
+32.8%
XLK
-0.5%

DBX outperformed XLK by +33.3% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 37d ago
DBX
+6.0%
XLK
-0.2%

Since the filing became public, DBX outperformed XLK by +6.2% .

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.

19 top-rated funds 0 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: DBX
446 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 446 422 5.69%
13F Shares 188M 190M -1.02%
Total Value $4.53B $3.83B 18.17%
New Positions 87 53 +34
Increased Positions 137 142 -5
Closed Positions 61 97 -36
Reduced Positions 171 171 -
Total Calls 10 9 11.11%
Total Puts 10 10 -
PUT/CALL Ratio 1.0 1.11 Neutral

Statistics: DBX

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
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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 Q2)

446 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Graphene Investments SAS 2.17% 135,900 $3.7M
2 Wedge Capital Management L L P/Nc 1.36% 3,005,173 $82.6M
3 Spark Investment Management LLC 1.13% 21,000 $577K
4 Semanteon Capital Management, LP 1.02% 8,217 $226K
5 Distillate Capital Partners LLC 0.66% 459,965 $12.6M
6 Ares Systematic Credit Ltd 0.57% 34,393 $945K
7 Intrepid Capital Management Inc 0.53% 54,159 $1.5M
8 Convergence Investment Partners, LLC 0.52% 199,056 $5.5M
9 Lakewood Asset Management LLC 0.52% 34,353 $944K
10 Odyssean, LLC 0.49% 109,738 $3.0M
11 Axq Capital, LP 0.44% 147,301 $4.0M
12 Clark Estates Inc/Ny 0.44% 68,750 $1.9M
13 Jacobs Levy Equity Management, Inc 0.43% 4,356,717 $119.7M
14 Oak Thistle LLC 0.37% 139,919 $3.8M
15 Virtus Advisers, LLC 0.35% 33,039 $908K
16 Lecap Asset Management Ltd 0.33% 28,318 $778K
17 Strategic Global Advisors, LLC 0.29% 74,902 $2.1M
18 denkapparat Operations GmbH 0.29% 31,898 $876K
19 Renaissance Technologies LLC 0.27% 7,213,667 $198.2M
20 Womack Financial LLC 0.26% 14,452 $397K
21 Bayesian Capital Management, LP 0.23% 13,287 $365K
22 AlphaGrep UK Ltd 0.23% 24,851 $691K
23 Edgestream Partners, L.P. 0.22% 274,727 $7.5M
24 JMN Financial LLC 0.22% 10,401 $286K
25 Burns Matteson Capital Management, LLC 0.22% 25,267 $694K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added DBX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DBX?

Slight buying edge — 50% buying: Last quarter: 234 funds bought or added vs 233 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DBX holders?

Elite ownership — 60% AUM from top-100 funds: 60 of 451 holders are among the 100 largest funds by AUM, controlling 60% 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?

64% of holders stayed for 2+ years: 291 out of 453 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 Q2 hedge fund 13F filings?

As of today, DBX has moved +6.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.2% for the XLK sector ETF — an outperformance of +6.2%. Since the quarter end (June 30, 2026), DBX has gained +32.8% vs -0.5% 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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