Dropbox, Inc.
US ˙ NasdaqGS ˙ US26210C1045

SecurityDBX / Dropbox, Inc.
InstitutionAllianz Asset Management GmbH
Latest Disclosed Ownership3,647,658 shares
Latest Disclosed Value $ 82,874,788
Allianz Asset Management GmbH reports 34.09% increase in ownership of DBX / Dropbox, Inc.

On May 11, 2026 - Allianz Asset Management GmbH filed a 13F-HR form disclosing ownership of 3,647,658 shares of Dropbox, Inc. (US:DBX) valued at $82,874,790 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 2,720,372 shares of Dropbox, Inc.. This represents a change in shares of 34.09% during the quarter. The current value of the position is $100,383,548 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F DROPBOX CL A 26210C104 3,647,658 927,286 34.09 82,875 9.58 0.0869
2026-02-11 2025-12-31 13F DROPBOX CL A 26210C104 2,720,372 596,440 28.08 75,626 17.87 0.0765
2025-11-04 2025-09-30 13F DROPBOX CL A 26210C104 2,123,932 686,577 47.77 64,164 56.08 0.0717
2025-07-28 2025-06-30 13F DROPBOX CL A 26210C104 1,437,355 455,876 46.45 41,108 56.81 0.0492
2025-05-05 2025-03-31 13F DROPBOX CL A 26210C104 981,479 199,768 25.56 26,215 11.64 0.0343
2025-02-03 2024-12-31 13F DROPBOX CL A 26210C104 781,711 -24,325 -3.02 23,483 14.56 0.0313
2024-11-13 2024-09-30 13F DROPBOX CL A 26210C104 806,036 225,206 38.77 20,497 57.05 0.0287
2024-08-13 2024-06-30 13F DROPBOX CL A 26210C104 580,830 452,997 354.37 13,051 320.19 0.0193
2024-05-14 2024-03-31 13F DROPBOX CL A 26210C104 127,833 -30,421 -19.22 3,106 -33.42 0.0048
2024-02-12 2023-12-31 13F DROPBOX CL A 26210C104 158,254 -4,083 -2.52 4,665 5.54 0.0076
2023-11-13 2023-09-30 13F DROPBOX CL A 26210C104 162,337 1,395 0.87 4,420 2.98 0.0074
2023-08-14 2023-06-30 13F DROPBOX CL A 26210C104 160,942 -3,208 -1.95 4,292 20.97 0.0077
2023-05-11 2023-03-31 13F DROPBOX CL A 26210C104 164,150 -10,770 -6.16 3,549 -9.35 0.0063
2023-02-13 2022-12-31 13F DROPBOX CL A 26210C104 174,920 -10,305 -5.56 3,915 1.98 0.0076
2022-11-08 2022-09-30 13F DROPBOX CL A 26210C104 185,225 -89,798 -32.65 3,838 -33.52 0.0078
2022-08-12 2022-06-30 13F DROPBOX CL A 26210C104 275,023 11,696 4.44 5,773 -5.70 0.0055
2022-05-13 2022-03-31 13F DROPBOX CL A 26210C104 263,327 -25,988 -8.98 6,122 -13.77 0.0046
2022-02-11 2021-12-31 13F DROPBOX CL A 26210C104 289,315 -633,337 -68.64 7,100 -73.66 0.0050
2021-11-10 2021-09-30 13F DROPBOX CL A 26210C104 922,652 -35,055 -3.66 26,959 -7.13 0.0210
2021-08-16 2021-06-30 13F DROPBOX CL A 26210C104 957,707 477,250 99.33 29,028 126.62 0.0247
2021-05-13 2021-03-31 13F DROPBOX CL A 26210C104 480,457 119,081 32.95 12,809 59.73 0.0124
2021-02-16 2020-12-31 13F DROPBOX CL A 26210C104 361,376 -166,488 -31.54 8,019 -21.13 0.0079
2020-11-13 2020-09-30 13F DROPBOX CL A 26210C104 527,864 169,578 47.33 10,167 30.35 0.0118
2020-08-14 2020-06-30 13F DROPBOX CL A 26210C104 358,286 358,286 -32.13 7,800 -23.28 0.0090
2020-05-14 2020-03-31 13F DROPBOX CL A 26210C104 0 -10,234 -100.00 0 -100.00
2020-02-13 2019-12-31 13F DROPBOX CL A 26210C104 10,234 -393 -3.70 183 -14.49 0.0002
2019-11-13 2019-09-30 13F DROPBOX CL A 26210C104 10,627 682 6.86 214 -14.06 0.0002
2019-08-08 2019-06-30 13F DROPBOX CL A 26210C104 9,945 9,945 -6.42 249 16.36 0.0002
2019-04-02 2018-12-31 13F/A-1 DROPBOX CL A 26210C104 0 -1,979,205 -100.00 0 -100.00
2019-04-09 2018-09-30 13F/A-1 DROPBOX CL A 26210C104 1,979,205 1,971,025 24,095.66 53,102 19,938.49 0.0482
2018-11-13 2018-09-30 13F DROPBOX CL A 26210C104 1,979,205 1,971,025 53,102
2019-04-09 2018-06-30 13F/A-1 DROPBOX CL A 26210C104 8,180 -29,230 -78.13 265 -77.33 0.0003
2018-08-13 2018-06-30 13F DROPBOX CL A 26210C104 8,180 -29,230 265
2019-04-09 2018-03-31 13F/A-2 DROPBOX CL A 26210C104 37,410 37,410 1,169 0.0011
2018-05-23 2018-03-31 13F/A-1 DROPBOX CL A 26210C104 37,410 0 1,169 0.0011
2018-05-14 2018-03-31 13F DROPBOX CL A 26210C104 37,410 1,169 0.0011
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.