This is a routine passive stake update by a large index fund manager. No change in investment strategy or control intent is indicated. Monitor future filings for any shift to active management or conversion to a 13D filing.
Price Chart
Executive Summary
Vanguard Portfolio Management LLC filed an amendment to its Schedule 13G for Dropbox, reporting a 6.21% passive stake as of September 30, 2026, representing 9,350,742 shares. This is a routine update by a large index fund manager with no change in investment intent or control purpose.
Key Financial Metrics
Key Facts
- Vanguard Portfolio Management LLC reported beneficial ownership of 9,350,742 shares of Dropbox common stock as of September 30, 2026.
- The stake represents 6.21% of Dropbox's outstanding shares.
- The filing is an amendment to a prior Schedule 13G, indicating a passive investment intent under Rule 13d-1(b).
- The filing was made on October 30, 2026, with a date of change of October 30, 2026, but the ownership data is as of September 30, 2026.
Financial Impact
Vanguard's stake of 9,350,742 shares is valued at approximately $291 million based on the market data snapshot market cap of $8.2B and 6.21% ownership.
Risk Factors
- No material risks identified from this routine passive filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0002100121-26-001028 |
| Document: 0002100121-26-001028-index.html | 0002100121-26-001028 |
| Document: 0002100121-26-001028.txt | 0002100121-26-001028 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | 144 | $36.44 | awaiting T+20 | awaiting T+20 | $36.25 (−0.52%) |
Oct 30, 2026 2d ago | SC 13G/A | $35.96 | awaiting T+20 | awaiting T+20 | $36.25 (+0.81%) |
Oct 28, 2026 4d ago | 8-K | $36.51 | awaiting T+20 | awaiting T+20 | $36.25 (+0.71%) |
Oct 27, 2026 5d ago | Institutional Cluster | $36.51 | awaiting T+20 | awaiting T+20 | $36.25 (−0.71%) |
Oct 21, 2026 11d ago | Institutional Cluster | $37.48 | awaiting T+20 | awaiting T+20 | $36.25 (+3.28%) |
Oct 19, 2026 13d ago | Insider Cluster | $35.94 | awaiting T+20 | awaiting T+20 | $36.25 (−0.86%) |
Oct 5, 2026 27d ago | Insider Cluster | $33.73 | awaiting T+20 | awaiting T+20 | $36.25 (+7.47%) |
Sep 17, 2026 6w ago | Insider Cluster | $36.48 $35.57 | ▲ +2.49% | ▲ +2.70% | $36.25 (+0.63%) |
Sep 15, 2026 6w ago | Insider Cluster | $37.74 $35.62 | ▲ +5.62% | ▲ +7.68% | $36.25 (+3.95%) |
Sep 14, 2026 6w ago | Insider Cluster | $37.63 $35.60 | ▲ +5.39% | ▲ +8.37% | $36.25 (+3.67%) |
US Market Status
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