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292 hedge funds and large institutions have $1.48B invested in Upwork in 2026 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 115 increasing their positions, 90 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 90

0.21% more ownership

Funds ownership: 103.39%103.6% (+0.21%)

10% less first-time investments, than exits

New positions opened: 55 | Existing positions closed: 61

4% less funds holding

Funds holding: 305292 (-13)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

33% less call options, than puts

Call options by funds: $15.9M | Put options by funds: $23.9M

45% less capital invested

Capital invested by funds: $2.68B → $1.48B (-$1.19B)

Holders
292
Holders Change
-13
Holders Change %
-4.26%
% of All Funds
3.6%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.02%
New
55
Increased
115
Reduced
90
Closed
61
Calls
$15.9M
Puts
$23.9M
Net Calls
-$8.01M
Net Calls Change
-$8M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$207M -$19M -1,205,705 -6%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$191M -$28.3M -1,795,914 -9%
VPM
3
Vanguard Portfolio Management
Pennsylvania
$85.2M +$122M +7,774,348 New
LSV Asset Management
4
LSV Asset Management
Illinois
$74.4M +$4.02M +255,253 +4%
AA
5
Ancient Art
Texas
$65.3M +$20.8M +1,319,095 +28%
VCM
6
Vanguard Capital Management
Pennsylvania
$61.5M +$88.4M +5,612,698 New
State Street
7
State Street
Massachusetts
$56.2M +$3.69M +234,445 +5%
Capital International Investors
8
Capital International Investors
California
$51.8M +$22.6M +1,434,698 +44%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$40.7M +$12.3M +779,506 +27%
Boston Partners
10
Boston Partners
Massachusetts
$34.6M +$3.48M +221,102 +8%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$34.5M +$933K +59,276 +2%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$33.7M +$14.4M +912,250 +42%
Goldman Sachs
13
Goldman Sachs
New York
$28M +$5.58M +354,234 +16%
Renaissance Technologies
14
Renaissance Technologies
New York
$22.4M -$1.87M -118,722 -5%
ICM
15
Invenomic Capital Management
Massachusetts
$21M +$18.6M +1,179,401 +160%
Deutsche Bank
16
Deutsche Bank
Germany
$18.6M +$12.5M +796,027 +89%
PCM
17
Portolan Capital Management
Massachusetts
$17.2M +$13.4M +850,916 +118%
UBS Group
18
UBS Group
Switzerland
$17.1M +$17.7M +1,124,975 +261%
JAM
19
Jupiter Asset Management
United Kingdom
$15.7M +$18.2M +1,153,570 +420%
RHJA
20
Rice Hall James & Associates
California
$14.3M +$20.6M +1,308,167 New
American Century Companies
21
American Century Companies
Missouri
$14.3M -$1.51M -95,845 -7%
Northern Trust
22
Northern Trust
Illinois
$13.6M +$331K +21,042 +2%
Charles Schwab
23
Charles Schwab
California
$13.5M +$576K +36,590 +3%
Fiera Capital (Canada)
24
Fiera Capital (Canada)
Quebec, Canada
$13.5M -$2.32M -147,649 -11%
Morgan Stanley
25
Morgan Stanley
New York
$13M -$24.9M -1,579,591 -57%