No Loadrunner doesn't work this way. It depends on how you pass data to your script, how many vusers you run, how long you run the tests and your application concurrency handling limits etc.
Sequential is going to copy same dataset to all vusers in sequential manner
Random is going to copy random dataset to all vusers with radom values from your dataset
Unique is going to divide and copy unique dataset to all user but you need to have unique data in your data file based on how many vusers you want to run.
Tnx!