Kestrel Investment Management’s Upwork UPWK Stock Holding History

Kestrel Investment Management’s Portfolio UPWK Stock Details UPWK Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$3.62M	Hold	433,000	–	–	1.97%	23
2026 Q1	$4.75M	Sell	433,000 -2,500	-0.6%	-$39.4K	2.83%	16
2025 Q4	$8.63M	Sell	435,500 -15,500	-3%	-$284K	4.89%	2
2025 Q3	$8.38M	Hold	451,000	–	–	4.72%	3
2025 Q2	$6.06M	Sell	451,000 -20,900	-4%	-$300K	3.63%	7
2025 Q1	$6.16M	Hold	471,900	–	–	3.76%	7
2024 Q4	$7.72M	Hold	471,900	–	–	4.26%	5
2024 Q3	$4.86M	Buy	+471,900	New	+$4.92M	2.8%	15

Other funds holding UPWK

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Ancient Art Austin, Texas $489M AUM 53.42% 1-Year Est. Return

LSV Asset Management Chicago, Illinois $55.1B AUM 45.38% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Kestrel Investment Management's UPWK Position: Q2 2026 in Review

Kestrel Investment Management held its Upwork (UPWK) position steady in Q2 2026 at 433,000 shares worth $3.62M. The position accounts for 1.97% of the portfolio, ranked #23.

Kestrel Investment Management first reported a position in UPWK in Q3 2024 and has held it in 8 quarters since. The position peaked at $8.63M in Q4 2025. 297 funds tracked by Wall St. Rank hold UPWK as of Q2 2026.

Kestrel Investment Management held 433,000 shares of Upwork worth $3.62M as of Q2 2026.
Kestrel Investment Management left its Upwork share count unchanged in Q2 2026.
Upwork made up 1.97% of Kestrel Investment Management's portfolio in Q2 2026, its #23 holding.
Kestrel Investment Management first reported a position in Upwork in Q3 2024 and has held it in 8 quarters since.
Kestrel Investment Management's Upwork position peaked at $8.63M in Q4 2025.
297 funds tracked by Wall St. Rank held Upwork as of Q2 2026.

Based on Kestrel Investment Management's 13F filing for Q2 2026, filed 4 Aug 2026.