Dropbox Ownership | Who Owns Dropbox?

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Dropbox Ownership Summary

Dropbox is owned by 77.68% institutional investors, 8.15% insiders, and 14.17% retail investors. Vanguard group is the largest institutional shareholder, holding 8.57% of DBX shares. Vanguard US Total Market Shares ETF is the top mutual fund, with 2.42% of its assets in Dropbox shares.

DBX Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Dropbox	77.68%	8.15%	14.17%
Sector	Technology Stocks	78.08%	15.01%	6.91%
Idea	SaaS Stocks List	75.83%	6.55%	17.62%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Vanguard group	22.56M	8.57%	$627.23M
Blackrock	27.80M	8.30%	$624.72M
Blackrock funding, inc. /de	18.45M	7.84%	$506.82M
Lsv asset management	11.52M	4.90%	$316.39M
Arrowstreet capital, limited partnership	7.84M	3.33%	$215.37M
Renaissance	7.21M	3.07%	$198.16M
Vanguard capital management	6.54M	2.78%	$179.69M
Acadian asset management	6.06M	2.58%	$166.52M
Morgan stanley	5.52M	2.35%	$151.59M
State street	5.34M	2.27%	$146.80M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Wedge capital management l l p/nc	2.24M	1.32%	$75.71M
Spark investment management	21.00K	1.13%	$576.87K
Semanteon capital management, lp	8.22K	1.02%	$225.72K
Pearl river capital	210.21K	0.75%	$4.72M
Distillate capital partners	459.96K	0.66%	$12.64M
Lakewood asset management	36.93K	0.64%	$1.25M
Bryce point capital	16.44K	0.61%	$496.68K
Lsv asset management	11.52M	0.57%	$316.39M
Donald l. hagan	38.34K	0.57%	$1.16M
Eagle harbor asset management inc /adv	21.14K	0.54%	$715.55K

Top Buyers

Holder	Shares	% Assets	Change
Royal bank of canada	4.09M	0.02%	3.63M
Sixth street partners management company	2.27M	0.01%	2.27M
Goldman sachs group	3.66M	0.01%	1.54M
Norges bank	1.15M	0.00%	1.15M
Gotham asset management	2.24M	0.14%	1.06M

Top Sellers

Holder	Shares	% Assets	Change
Dld asset management, lp	-	-	-28.50M
Blackrock	27.80M	0.01%	-6.47M
Shaolin capital management	-	-	-3.75M
Blackrock funding, inc. /de	18.45M	0.01%	-2.39M
Nordea investment management ab	-	-	-2.12M

New Positions

Holder	Shares	% Assets	Change	Value
Sixth street partners management company	2.27M	0.01%	2.27M	$62.48M
Norges bank	1.15M	0.00%	1.15M	$31.47M
Hrt financial lp	373.94K	0.02%	373.94K	$10.27M
Axa investment managers	373.11K	0.03%	373.11K	$11.27M
Jain global	232.40K	0.03%	232.40K	$6.38M

Sold Out

Holder	Change
Curio wealth	-2.00
Advisornet financial	-2.00
Gps wealth strategies group	-2.00
Tortoise investment management	-2.00
Golden state wealth management	-4.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Jun 30, 2026	465	4.73%	182,693,600	-0.81%	77	1.65%	221	11.06%	173	0.58%
Mar 31, 2026	355	-27.70%	141,187,038	-28.06%	56	1.02%	161	-27.15%	134	-22.99%
Dec 31, 2025	419	-16.20%	178,508,715	-21.01%	67	0.98%	184	-15.98%	151	-17.03%
Sep 30, 2025	189	-61.82%	66,693,303	-71.19%	24	0.34%	86	-64.17%	64	-61.21%
Jun 30, 2025	480	-0.21%	231,105,863	5.10%	84	1.48%	232	4.98%	162	-4.14%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard US Total Market Shares ETF	7.09M	2.42%	-431.79K
Pacer US Cash Cows 100 ETF	6.86M	2.34%	10.13K
iShares Core S&P Mid-Cap ETF	5.07M	2.33%	-1.81K
Vanguard MStar Total Stk Mkt Idx Invest	4.27M	1.96%	-250.86K
Vanguard Morn Total Stk Mkt Idx Investor	4.51M	1.94%	-227.44K
Vanguard Total Stock Mkt Idx Inv	4.51M	1.94%	-227.44K
Vanguard Small Cap Index	3.05M	1.40%	-221.91K
Vanguard Information Technology ETF	3.03M	1.39%	6.96K
Columbia Seligman Tech & Info A	3.59M	1.32%	-3.29M
Columbia Seligman Technology Growth	3.59M	1.32%	-5.19M

Recent Insider Transactions

Date	Name	Role	Activity	Value
Oct 15, 2026	Schubach Sarah Elizabeth	Chief Accounting Officer	Sell	$73.58K
Sep 30, 2026	Schubach Sarah Elizabeth	Chief Accounting Officer	Sell	$64.79K
Sep 15, 2026	Schubach Sarah Elizabeth	Chief Accounting Officer	Sell	$73.23K
Oct 12, 2026	Houston Andrew	Co-CEO	Sell	$1.04M
Oct 01, 2026	Houston Andrew	Co-CEO	Sell	$12.05M

Insider Transactions Trends

Date	Buy	Sell
2026 Q3	-	17
2026 Q2	-	18
2026 Q1	-	17
2025 Q4	-	24
2025 Q3	-	24

DBX Ownership FAQ

Who owns the most shares of Dropbox?

Dropbox’s largest shareholders are Vanguard group (22.56M shares, 8.57%), Blackrock (27.8M shares, 8.30%), and Blackrock funding, inc. /de (18.45M shares, 7.84%). Together, they hold 24.71% of Dropbox’s total shares outstanding.

Does Blackrock own Dropbox?

Yes, BlackRock owns 8.30% of Dropbox, totaling 27.8M shares as of Jun 2024. This represents 0.01% of BlackRock's total assets, with a market value of 624.72M$. In the last quarter, BlackRock decreased its holdings by -6.472M shares, a -18.88% change.

Who is Dropbox’s biggest shareholder by percentage of total assets invested?

Wedge capital management l l p/nc is Dropbox’s biggest shareholder by percentage of total assets invested, with 1.32% of its assets in 2.24M Dropbox shares, valued at 75.71M$.

Who is the top mutual fund holder of Dropbox shares?

Vanguard US Total Market Shares ETF is the top mutual fund holder of Dropbox shares, with 2.42% of its total shares outstanding invested in 7.09M Dropbox shares.

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