As of November 6, 2026, 4 holders' latest Schedule 13D or 13G filings report owning 5% or more of Dropbox Inc. The largest reported stake is Andrew Houston's, at 35.3%. 12 filings are on record since August 13, 2025 (Schedule 13G/A, May 1, 2026).
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Key facts
- · Reporting person: Vanguard Portfolio Management · Sole voting: 121,309 · Shared voting: 0 · Sole dispositive: 9,350,742 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-10-30
- · Reporting person: Lsv Asset Management · Sole voting: 6,984,876 · Shared voting: 0 · Sole dispositive: 11,517,528 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-08-06
- · Reporting person: Vanguard Capital Management · Sole voting: 1,169,761 · Shared voting: 0 · Sole dispositive: 7,710,981 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-07-31
- · Reporting person: Arrowstreet Capital, Limited Partnership · Sole voting: 8,378,951 · Shared voting: 0 · Sole dispositive: 8,533,736 · Shared dispositive: 0 · SCHEDULE 13G, 2026-05-15
- · Reporting person: Andrew Houston · Sole voting: 84,044,727 · Shared voting: 0 · Sole dispositive: 84,044,727 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-05-01
Dropbox Inc has 12 Schedule 13D or 13G filings on record since 2025-08-13. 4 holders' latest filing reports 5% or more of common stock. Each figure below is the holder's own, as filed, with the filing linked.
Layoffs on record: about 57 jobs, latest 2026-10-28 (layoff filings and notices).
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| 35.3% | 84,044,727 | SCHEDULE 13G/A, 2026-05-01 | 2026-03-31 | |
| Lsv Asset Management | 7.3% | 11,517,528 | SCHEDULE 13G/A, 2026-08-06 | 2026-06-30 |
| Vanguard Portfolio Management | 6.21% | 9,350,742 | SCHEDULE 13G/A, 2026-10-30 | 2026-09-30 |
| Arrowstreet Capital, Limited Partnership | 5.4% | 8,533,736 | SCHEDULE 13G, 2026-05-15 | 2026-03-31 |
| Vanguard Capital Management | 4.87% | 7,710,981 | SCHEDULE 13G/A, 2026-07-31 | 2026-06-30 |
| Renaissance Technologies LLC | 4.58% | 8,376,364 | SCHEDULE 13G/A, 2026-02-12 | 2025-12-31 |
| Ameriprise Financial, Inc. | 3.3% | 6,724,130 | SCHEDULE 13G/A, 2025-08-14 | 2025-06-30 |
| The Vanguard Group | 0% | 0 | SCHEDULE 13G/A, 2026-03-26 | 2026-03-13 |
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More on Dropbox Inc and the records around it.
Dropbox Inc elsewhere on the record
- Leadership changes May 2026
- Who owns it
Companies that share a holder
- Arrowstreet Capital, Limited Partnership also filed stake reports on 4 other companies: Dave and Buster's Entertainment, Inc (Aug 2026), Lovesac Co (Feb 2026)
- LSV ASSET MANAGEMENT also filed stake reports on 11 other companies: PITNEY BOWES INC /DE/ (Aug 2026), RingCentral, Inc. (Aug 2026), Pelagos Insurance Capital Ltd (May 2026)
- Renaissance Technologies LLC also filed stake reports on 46 other companies: AMERICAN PUBLIC EDUCATION INC (Aug 2026), Bolt Biotherapeutics, Inc. (Aug 2026), Commercial Vehicle Group, Inc. (Aug 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Andrew Houston | 84,044,727 | 0 | 84,044,727 | 0 | SCHEDULE 13G/A, 2026-05-01 |
| Lsv Asset Management | 6,984,876 | 0 | 11,517,528 | 0 | SCHEDULE 13G/A, 2026-08-06 |
| Vanguard Portfolio Management | 121,309 | 0 | 9,350,742 | 0 | SCHEDULE 13G/A, 2026-10-30 |
| Arrowstreet Capital, Limited Partnership | 8,378,951 | 0 | 8,533,736 | 0 | SCHEDULE 13G, 2026-05-15 |
| Arrowstreet Capital Holding LLC | 8,378,951 | 0 | 8,533,736 | 0 | SCHEDULE 13G, 2026-05-15 |
| Vanguard Capital Management | 1,169,761 | 0 | 7,710,981 | 0 | SCHEDULE 13G/A, 2026-07-31 |
The latest filing identifies Dropbox Inc by CUSIP 26210C104 and gives its principal executive office as 1800 Owens Street, San Francisco, CA 94158 (SCHEDULE 13G/A, 2026-10-30).
What the percentages are based on
35.3% The ownership percentage above is calculated based on 163,263,829 shares of Class A Common Stock outstanding as of March 31, 2026, which number includes restricted stock awards subject to vesting as such shares are entitled to vote, plus the assumed conversion of 74,616,889 shares of Class B Common Stock deemed beneficially owned by Mr. Houston, as described herein, into shares of Class A Common Stock.Andrew Houston, SCHEDULE 13G/A, 2026-05-01
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-08-13 | Renaissance Technologies LLC | 5.29% | SCHEDULE 13G |
| 2025-08-14 | Ameriprise Financial, Inc. | 3.3% | SCHEDULE 13G/A |
| 2025-11-07 | Lsv Asset Management | 6% | SCHEDULE 13G |
| 2026-02-12 | Renaissance Technologies LLC | 4.58% | SCHEDULE 13G/A |
| 2026-03-26 | The Vanguard Group | 0% | SCHEDULE 13G/A |
| 2026-04-29 | Vanguard Capital Management | 5.01% | SCHEDULE 13G |
| 2026-04-29 | Vanguard Portfolio Management | 7.46% | SCHEDULE 13G |
| 2026-05-01 | Andrew Houston | 35.3% | SCHEDULE 13G/A |
| 2026-05-15 | Arrowstreet Capital, Limited Partnership | 5.4% | SCHEDULE 13G |
| 2026-07-31 | Vanguard Capital Management | 4.87% | SCHEDULE 13G/A |
| 2026-08-06 | Lsv Asset Management | 7.3% | SCHEDULE 13G/A |
| 2026-10-30 | Vanguard Portfolio Management | 6.21% | SCHEDULE 13G/A |
Questions about who owns Dropbox Inc
Who owns Dropbox Inc?
On this page, 4 holders' latest ownership filings report 5% or more of Dropbox Inc: Andrew Houston (35.3%, Schedule 13G/A, filed 2026-05-01), Lsv Asset Management (7.3%, Schedule 13G/A, filed 2026-08-06), Vanguard Portfolio Management (6.21%, Schedule 13G/A, filed 2026-10-30) and Arrowstreet Capital, Limited Partnership (5.4%, Schedule 13G, filed 2026-05-15).
Who are the largest shareholders of Dropbox Inc?
By the share each holder's latest filing reports, the largest holders of Dropbox Inc on this page are Andrew Houston (35.3%), Lsv Asset Management (7.3%) and Vanguard Portfolio Management (6.21%).
When did Andrew Houston buy into Dropbox Inc?
The filings give report dates, not purchase dates. The earliest filing from Andrew Houston on this page is the Schedule 13G/A, filed 2026-05-01, reporting 35.3%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 12 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for Dropbox Inc
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| October 28, 2026 | Leadership change: Ali Dasdan departs, Chief Technology Officer | — | Leadership changes | Source |
| May 26, 2026 | Leadership change: Ashraf Alkarmi appointed, Chief Executive Officer, and 1 more | — | Leadership changes | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.