Selected value: @myDdlData.ToList().Where(x => x.Id == selectedValueId).FirstOrDefault()?.MyValueField.ToString("MM/dd/yyyy HH:mm:ss.fff")
<br />

<TelerikDropDownList Data="@myDdlData" 
                     TextField="MyTextField" 
                     ValueField="Id" 
                     @bind-Value="selectedValueId">
</TelerikDropDownList>

@code {
    public class MyDdlModel
    {
        public int Id { get; set; }
        public DateTime MyValueField { get; set; }
        public string MyTextField => MyValueField.ToString("MM/dd/yyyy HH:mm:ss.fff"); // Display formatted DateTime
    }

    private int selectedValueId { get; set; } = 1;

    private IEnumerable<MyDdlModel> myDdlData = GenerateRandomDateTimes(20);

    private static IEnumerable<MyDdlModel> GenerateRandomDateTimes(int count)
    {
        Random random = new Random();
        DateTime startDate = DateTime.Now;

        return Enumerable.Range(1, count)
            .Select(x => new MyDdlModel
            {
                Id = x, // Unique integer Id
                MyValueField = startDate.AddDays(x)
                    .AddMinutes(random.Next(0, 60))
                    .AddSeconds(random.Next(0, 60))
                    .AddMilliseconds(random.Next(0, 1000))
            }).ToList();
    }
}

<div style="height:80vh;background:linear-gradient(white,orange)">
    <ol>
        <li>Open a ComboBox</li>
        <li>Type a character to filter and reduce the visible data items</li>
        <li>Observe incorrect popup position that leaves a gap</li>
    </ol>
    <ol>
        <li>Focus a closed ComboBox</li>
        <li>Type a character to filter and display a reduced list of data items</li>
        <li>Remove the filter string to increase the visible data item count</li>
        <li>Observe incorrect popup position that overflows the screen</li>
    </ol>
</div>

WORKS:
<TelerikComboBox Data="@ListItems"
                 @bind-Value="@SelectedValue"
                 TextField="@nameof(ListItem.Text)"
                 ValueField="@nameof(ListItem.Id)"
                 Filterable="true"
                 FilterOperator="@StringFilterOperator.Contains"
                 Width="300px" />

BROKEN:
<TelerikComboBox Data="@ListItems"
                 @bind-Value="@SelectedValue"
                 TextField="@nameof(ListItem.Text)"
                 ValueField="@nameof(ListItem.Id)"
                 Filterable="true"
                 FilterOperator="@StringFilterOperator.Contains"
                 Width="300px">
    <ComboBoxSettings>
        <ComboBoxPopupSettings Height="auto" MinHeight="50px" MaxHeight="60vh" />
    </ComboBoxSettings>
</TelerikComboBox>

<div style="height:80vh;background:linear-gradient(orange, white)">

</div>

@code {
    private List<ListItem> ListItems { get; set; } = new();

    private int SelectedValue { get; set; }

    protected override void OnInitialized()
    {
        ListItems = new List<ListItem>();

        for (int i = 1; i <= 50; i++)
        {
            ListItems.Add(new ListItem()
            {
                Id = i,
                Text = $"Item {i} {(char)Random.Shared.Next(65, 91)}{(char)Random.Shared.Next(65, 91)}{(char)Random.Shared.Next(65, 91)}{(char)Random.Shared.Next(65, 91)}"
            });
        }

        base.OnInitialized();
    }

    public class ListItem
    {
        public int Id { get; set; }
        public string Text { get; set; } = string.Empty;
    }
}

<div style="display: flex; gap: 2em;">
    <div>
        <TelerikButtonGroup SelectionMode="@ButtonGroupSelectionMode.Single">
            <ButtonGroupToggleButton @bind-Selected="@UseOnChange">Use OnChange</ButtonGroupToggleButton>
            <ButtonGroupToggleButton @bind-Selected="@UseOnClose">Use OnClose</ButtonGroupToggleButton>
        </TelerikButtonGroup>

        <TelerikDropDownList Data="@Data"
                             @bind-Value="@Value"
                             ValueField="@nameof(SampleModel.Text)"
                             OnChange="@OnDropDownListChange"
                             OnClose="@OnDropDownListClose"
                             Width="160px" />

    </div>
    <div>
        <TelerikButton OnClick="@( () => CloseLog = string.Empty )">Clear Event Log</TelerikButton>
        <p>
            <pre>@CloseLog</pre>
        </p>
    </div>
</div>

@code {
    private List<SampleModel> Data { get; set; } = new();

    private string Value { get; set; } = string.Empty;
    private List<string> Values { get; set; } = new();

    private string CloseLog { get; set; } = string.Empty;

    private bool UseOnClose { get; set; } = true;
    private bool UseOnChange { get; set; }

    [CascadingParameter]
    public DialogFactory? TelerikDialogs { get; set; }

    private async Task OnDropDownListChange(object currentValue)
    {
        CloseLog += $"OnChange {DateTime.Now.ToString("HH:mm:ss.fff")} \n";

        if (UseOnChange)
        {
            await TelerikDialogs!.AlertAsync("OnChange");
        }
    }

    private async Task OnDropDownListClose(DropDownListCloseEventArgs args)
    {
        CloseLog += $"OnClose {DateTime.Now.ToString("HH:mm:ss.fff")} \n";

        if (UseOnClose)
        {
            await TelerikDialogs!.AlertAsync("OnClose");
        }
    }

    public class SampleModel
    {
        public int Id { get; set; }
        public string Text { get; set; } = string.Empty;
    }
}

	<select @onchange="@OnChangedAsync">
		<option></option>
		@if (DataSource != null)
		{
			@foreach (var item in DataSource)
			{
				<option @key="item" value="@optionValueFunc(item)" selected="@(item.Equals(SelectedItem))">@optionTextFunc(item)</option>
			}
		}
	</select>

	#region Private Members

	private Func<TSource, object> optionTextFunc;
	private Func<TSource, object> optionValueFunc;
	private TSource selectedItem = default(TSource);

	#endregion

        #region Public Parameters

	/// <summary>
	/// A List of objects to bind against.
	/// </summary>
	[Parameter]
	public IList<TSource> DataSource { get; set; } = new List<TSource>();

	/// <summary>
        /// A lambda expression referencing the property containing the text to display to the end user. Example: @(c => c.DisplayName)
        /// </summary>
        [Parameter]
        public Expression<Func<TSource, object>> OptionText { get; set; }

	/// <summary>
        /// A lambda expression referencing the property containing the value for this object, usually an identifier. Example: @(c => c.Id)
        /// </summary>
        [Parameter]
        public Expression<Func<TSource, object>> OptionValue { get; set; }

	/// <summary>
        /// The item from the <see cref="DataSource" /> that has been selected.
        /// </summary>
        [Parameter]
        public TSource SelectedItem { get; set; }

	/// <summary>
	/// The callback event required for two-way binding.
	/// </summary>
	[Parameter]
        public EventCallback<TSource> SelectedItemChanged { get; set; }

        #endregion

	private async Task OnChangedAsync(ChangeEventArgs changeEventArgs)
        {
            await UpdateSelection(DataSource.FirstOrDefault(c => optionValueFunc(c).ToString() == changeEventArgs.Value.ToString()));
        }

	private async Task UpdateSelection(TSource item)
        {
            selectedItem = item;
            await SelectedItemChanged.InvokeAsync(selectedItem);
        }

	protected override async Task OnInitializedAsync()
	{
            if (optionTextFunc == null && OptionText != null)
            {
                optionTextFunc = OptionText.Compile();
            }
            if (optionValueFunc == null && OptionText != null)
            {
                optionValueFunc = OptionValue.Compile();
            }
            await Task.CompletedTask;          
        }