DROPBOX INC
BOND
CUSIP: 26210CAD6
Institutional Holders60
Total Institutional Value$580,085,586
Total Shares Held591,713,645
Avg Position$9,668,093
Top 5 Holders %40.8%
Alpha-Weighted Score59.7
New Positions+8
Exited Positions-10
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| SOROS FUND MANAGEMENT LLC | High Conviction | Moderate Flow | $93,411,226 (16.1%) | 92,500,000 | -2.3% |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Moderate Conviction | Low Flow | $43,846,112 (7.6%) | 43,553,000 | 2.2% |
| SHAOLIN CAPITAL MANAGEMENT LLC | High Conviction | Low Flow | $36,334,159 (6.3%) | 36,000,000 | -53.2% |
| CALAMOS ADVISORS LLC | High Conviction | Significant Flow | $33,046,685 (5.7%) | 32,670,000 | -2.5% |
| BNP PARIBAS FINANCIAL MARKETS | Moderate Conviction | Market Mover | $30,285,360 (5.2%) | 30,045,000 | -2.7% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $28,346,496 (4.9%) | 28,157,000 | -39.2% |
| SONA ASSET MANAGEMENT (US) LLC | Moderate Conviction | Low Flow | $24,747,720 (4.3%) | 24,500,000 | 11.3% |
| MACKAY SHIELDS LLC | Moderate Conviction | Low Flow | $24,578,392 (4.2%) | 24,323,000 | -3.5% |
| SHENKMAN CAPITAL MANAGEMENT INC | High Conviction | Minimal Flow | $21,981,084 (3.8%) | 21,517,000 | 45.6% |
| BALYASNY ASSET MANAGEMENT LLC | Moderate Conviction | Market Mover | $21,736,823 (3.7%) | 21,500,000 | NEW |
| MARSHALL WACE, LLP | Moderate Conviction | Market Mover | $20,230,001 (3.5%) | 20,000,000 | -2.5% |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $19,026,000 (3.3%) | 18,875,000 | 14.2% |
| STATE STREET CORP | High Conviction | Market Mover | $14,157,618 (2.4%) | 14,035,000 | -3.9% |
| TENOR CAPITAL MANAGEMENT CO., L.P. | High Conviction | Moderate Flow | $12,624,425 (2.2%) | 12,500,000 | 52.5% |
| CAPULA MANAGEMENT LTD | High Conviction | Significant Flow | $12,583,625 (2.2%) | 12,500 | NEW |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $11,088,000 (1.9%) | 11,000,000 | 19.4% |
| POLAR SECURITIES INC. | High Conviction | Moderate Flow | $10,092,510 (1.7%) | 10,000,000 | -67.4% |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $8,766,576 (1.5%) | 8,697,000 | 295.5% |
| FMR LLC | High Conviction | Market Mover | $8,097,264 (1.4%) | 8,033,000 | -2.3% |
| K2 PRINCIPAL FUND, L.P. | Moderate Conviction | Low Flow | $7,080,500 (1.2%) | 7,000 | NEW |
| OFI INVEST ASSET MANAGEMENT | High Conviction | Moderate Flow | $7,062,468 (1.2%) | 8,200,000 | -2.5% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $6,975,360 (1.2%) | 6,920,000 | 176.6% |
| BARCLAYS PLC | High Conviction | Market Mover | $6,966,572 (1.2%) | 6,920,000 | 39.6% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $5,800,032 (1.0%) | 5,754,000 | -21.8% |
| DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN | High Conviction | Market Mover | $5,563,415 (1.0%) | 5,500,000 | -2.1% |
| POINT72 ASSET MANAGEMENT, L.P. | Moderate Conviction | Market Mover | $5,049,452 (0.9%) | 5,000,000 | NEW |
| ONTARIO TEACHERS PENSION PLAN BOARD | Elite Conviction | Low Flow | $5,042,199 (0.9%) | 5,000,000 | -2.5% |
| RG CAPITAL MANAGEMENT LP | High Conviction | Low Flow | $5,040,000 (0.9%) | 5,000,000 | -2.3% |
| WELLINGTON MANAGEMENT GROUP LLP | High Conviction | Market Mover | $4,619,311 (0.8%) | 4,569,000 | -28.5% |
| LOMBARD ODIER ASSET MANAGEMENT (EUROPE) LTD | Moderate Conviction | Low Flow | $4,499,263 (0.8%) | 4,448,000 | NEW |
| WELLESLEY INVESTMENT ADVISORS | Moderate Conviction | Minimal Flow | $3,995,640 (0.7%) | 4,000,000 | NEW |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $3,933,294 (0.7%) | 3,907,000 | 236.4% |
| NOMURA HOLDINGS INC | Moderate Conviction | Significant Flow | $3,846,686 (0.7%) | 138,370 | 423.4% |
| KOHLBERG KRAVIS ROBERTS & CO. | High Conviction | Low Flow | $3,585,766 (0.6%) | 3,600,000 | -3.5% |
| STATE OF WISCONSIN INVESTMENT BOARD | High Conviction | Significant Flow | $3,024,000 (0.5%) | 3,000,000 | -2.3% |
| PALISADE CAPITAL MANAGEMENT, LP | High Conviction | Low Flow | $2,765,287 (0.5%) | 2,743,000 | NEW |
| RWC ASSET MANAGEMENT LLP | High Conviction | Low Flow | $2,701,057 (0.5%) | 2,683,000 | -18.6% |
| KIM, LLC | Moderate Conviction | Low Flow | $2,526,250 (0.4%) | 2,500,000 | -2.3% |
| PARALLAX VOLATILITY ADVISERS, LLC | Moderate Conviction | Significant Flow | $2,520,000 (0.4%) | 2,500,000 | -51.2% |
| TORONTO DOMINION BANK | High Conviction | Significant Flow | $2,486,660 (0.4%) | 2,479,000 | -2.2% |
| MAN GROUP PLC | High Conviction | Significant Flow | $2,062,485 (0.4%) | 2,050,000 | -2.2% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $1,363,824 (0.2%) | 1,353,000 | -67.0% |
| CANDRIAM S.C.A. | High Conviction | Moderate Flow | $1,208,127 (0.2%) | 1,200 | -2.5% |
| Union Bancaire Privee, UBP SA | High Conviction | Low Flow | $1,057,917 (0.2%) | 1,228,000 | -32.5% |
| WESTWOOD HOLDINGS GROUP INC | High Conviction | Moderate Flow | $1,000,000 (0.2%) | 1,000,000 | -75.5% |
| DEUTSCHE BANK AG\\ | Moderate Conviction | Market Mover | $895,104 (0.2%) | 888,000 | -2.3% |
| ZURCHER KANTONALBANK | High Conviction | Significant Flow | $667,890 (0.1%) | 660,000 | -26.3% |
| ODDO BHF ASSET MANAGEMENT SAS | High Conviction | Moderate Flow | $377,524 (0.1%) | 375 | -2.5% |
| LAZARD ASSET MANAGEMENT LLC | High Conviction | Significant Flow | $294,379 (0.1%) | 29,132,000 | 150.7% |
| DNCA FINANCE | High Conviction | Low Flow | $251,683 (0.0%) | 250,000 | -2.5% |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $236,582 (0.0%) | 235,000 | -42.7% |
| CNH PARTNERS LLC | High Conviction | Low Flow | $232,415 (0.0%) | 230,000 | -98.8% |
| SEI INVESTMENTS CO | High Conviction | Market Mover | $208,656 (0.0%) | 207,000 | -2.3% |
| SSI INVESTMENT MANAGEMENT LLC | Moderate Conviction | Low Flow | $88,704 (0.0%) | 88,000 | -2.3% |
| Jefferies Financial Group Inc. | Moderate Conviction | Significant Flow | $50,066 (0.0%) | 50,000 | -35.1% |
| Gutierrez Wealth Advisory, LLC (CIK 0001965923) | High Conviction | Minimal Flow | $13,104 (0.0%) | 13,000 | NEW |
| Daiwa Securities Group Inc. | High Conviction | Low Flow | $7,564 (0.0%) | 7,500,000 | 4.6% |
| BNP PARIBAS INVESTMENT PARTNERS S.A. | Moderate Conviction | Low Flow | $3,767 (0.0%) | 3,750,000 | -2.1% |
| ALKEN ASSET MANAGEMENT LTD | Moderate Conviction | Minimal Flow | $2,214 (0.0%) | 2,200 | - |
| INGALLS & SYNDER LLC | Moderate Conviction | Minimal Flow | $293 (0.0%) | 290,000 | -16.8% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 60 | $0.58B | 591,713,645 | $0.98 |
| Q3 25 | 62 | $0.65B | 650,940,282 | $1.01 |
| Q2 25 | 58 | $0.61B | 600,778,651 | $1.01 |
| Q1 25 | 67 | $0.60B | 620,732,837 | $0.97 |
| Q4 24 | 68 | $0.61B | 597,952,961 | $1.02 |
| Q3 24 | 67 | $0.90B | 742,659,446 | $1.21 |
| Q2 24 | 72 | $0.77B | 650,448,967 | $1.18 |
| Q1 24 | 68 | $0.76B | 815,348,436 | $0.94 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.