Upwork
UPWK
297 hedge funds and large institutions have $1.06B invested in Upwork in 2026 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 117 increasing their positions, 86 reducing their positions, and 47 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 86
23% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 47
2% more funds holding
Funds holding: 292 → 297 (+5)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.19% less ownership
Funds ownership: 103.6% → 102.41% (-1.2%)
29% less capital invested
Capital invested by funds: $1.48B → $1.06B (-$424M)
42% less call options, than puts
Call options by funds: $6.89M | Put options by funds: $11.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$16.3M |
| 2 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$13.9M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$13.5M |
| 4 |
Morgan Stanley
New York
|
+$12.1M |
| 5 |
AA
Ancient Art
Austin,
Texas
|
+$12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$163M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$27.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.6M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$17.2M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$14.7M |
UPWK Hedge Fund Activity: Q2 2026 in Review
297 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q2 2026, worth a combined $1.06B — down 29% from $1.48B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new UPWK positions and 47 closed out — a net gain of 11 holders — while 117 added to existing stakes and 86 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $16.3M. The largest seller was T. Rowe Price Associates, cutting an estimated $163M.
- 297 institutional investors held Upwork (UPWK) as of Q2 2026, up from 292 in Q1 2026.
- Funds reported $1.06B of Upwork stock for Q2 2026, down 29% quarter-over-quarter.
- 58 funds opened new Upwork positions in Q2 2026 and 47 closed out, a net change of +11 holders.
- The largest Upwork buyer in Q2 2026 was Goldman Sachs, an estimated $16.3M added.
- The largest Upwork seller in Q2 2026 was T. Rowe Price Associates, an estimated $163M sold.
Based on aggregated 13F filings for Q2 2026.