Upwork
UPWK
226 hedge funds and large institutions have $2.1B invested in Upwork in 2022 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 76 increasing their positions, 82 reducing their positions, and 34 closing their positions.
133% more funds holding in top 10
Funds holding in top 10: 6 → 14 (+8)
2.72% more ownership
Funds ownership: 75.65% → 78.36% (+2.7%)
7% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 82
3% less funds holding
Funds holding: 234 → 226 (-8)
7% less capital invested
Capital invested by funds: $2.24B → $2.1B (-$149M)
12% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 34
30% less call options, than puts
Call options by funds: $31.2M | Put options by funds: $44.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$26.8M |
| 2 |
DAM
Dorsey Asset Management
Chicago,
Illinois
|
+$21.8M |
| 3 |
BC
BIT Capital
Berlin,
Germany
|
+$15.2M |
| 4 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$14.3M |
| 5 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$41.1M |
| 2 |
Morgan Stanley
New York
|
-$35.3M |
| 3 |
Two Sigma Investments
New York
|
-$12.7M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$7.55M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$4.81M |
UPWK Hedge Fund Activity: Q2 2022 in Review
226 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q2 2022, worth a combined $2.1B — down 6.6% from $2.24B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of UPWK and 30 opened new positions — a net loss of 4 holders — while 82 trimmed existing stakes and 76 added.
The largest buyer was Citadel Advisors, adding an estimated $26.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $41.1M.
- 226 institutional investors held Upwork (UPWK) as of Q2 2022, down from 234 in Q1 2022.
- Funds reported $2.1B of Upwork stock for Q2 2022, down 6.6% quarter-over-quarter.
- 30 funds opened new Upwork positions in Q2 2022 and 34 closed out, a net change of -4 holders.
- The largest Upwork buyer in Q2 2022 was Citadel Advisors, an estimated $26.8M added.
- The largest Upwork seller in Q2 2022 was T. Rowe Price Associates, an estimated $41.1M sold.
Based on aggregated 13F filings for Q2 2022.