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277 hedge funds and large institutions have $1.53B invested in Upwork in 2025 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 78 increasing their positions, 86 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 46

9% more funds holding

Funds holding: 253277 (+24)

4.21% more ownership

Funds ownership: 82.32%86.53% (+4.2%)

9% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 86

15% less capital invested

Capital invested by funds: $1.8B → $1.53B (-$269M)

35% less call options, than puts

Call options by funds: $14.8M | Put options by funds: $22.8M

56% less funds holding in top 10

Funds holding in top 10: 94 (-5)

Holders
277
Holders Change
+24
Holders Change %
+9.49%
% of All Funds
3.71%
Holding in Top 10
4
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-55.56%
% of All Funds
0.05%
New
72
Increased
78
Reduced
86
Closed
46
Calls
$14.8M
Puts
$22.8M
Net Calls
-$7.95M
Net Calls Change
-$18.5M
Name Holding Trade Value Shares
Change
Change in
Stake
BIA
226
Bell Investment Advisors
California
$16.7K +$487 +32 +3%
QCG
227
Quadrant Capital Group
Ohio
$16.4K -$3.81K -250 -17%
SW
228
SVB Wealth
Massachusetts
$16.2K +$18.9K +1,239 New
TRCT
229
Tower Research Capital (TRC)
New York
$12.7K -$13.9K -915 -48%
FFA
230
Farther Finance Advisors
California
$12.3K +$6.43K +422 +81%
CIA
231
Cape Investment Advisory
Georgia
$10.4K +$7.62K +500 +167%
VCM
232
Versant Capital Management
Arizona
$10.3K +$1.32K +87 +12%
FHA
233
First Horizon Advisors
Tennessee
$10.2K +$11.9K +781 New
S
234
SignatureFD
Georgia
$9.89K -$6.43K -422 -36%
NC
235
NewSquare Capital
Pennsylvania
$9.2K
PC
236
Promethos Capital
Massachusetts
$7.83K +$9.14K +600 New
AFG
237
Albion Financial Group
Utah
$6.53K
LI
238
LRI Investments
Florida
$6.39K +$7.46K +490 New
CA
239
Clearstead Advisors
Ohio
$5.92K +$6.92K +454 New
MCM
240
MAI Capital Management
Ohio
$4.4K
GI
241
GAMMA Investing
California
$4.07K +$107 +7 +2%
SPIA
242
Steward Partners Investment Advisory
New York
$3.85K
BIG
243
Brooklyn Investment Group
New York
$3.72K +$61 +4 +1%
SSG
244
Summit Securities Group
New York
$3.58K +$4.17K +274 New
CIAM
245
Caitong International Asset Management
Hong Kong
$3.38K -$12.7K -836 -76%
CSPIA
246
Cary Street Partners Investment Advisory
Virginia
$3.26K
HNB
247
Huntington National Bank
Ohio
$2.61K +$3.05K +200 New
LC
248
Lindbrook Capital
California
$2.43K +$1.58K +104 +127%
RIL
249
Rothschild Investment LLC
Illinois
$2.35K +$762 +50 +38%
MPWT
250
MassMutual Private Wealth & Trust
Connecticut
$2.15K +$2.51K +165 New

UPWK Hedge Fund Activity: Q1 2025 in Review

277 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q1 2025, worth a combined $1.53B — down 15% from $1.8B a quarter earlier.

Buyers outnumbered sellers: 72 funds opened new UPWK positions and 46 closed out — a net gain of 26 holders — while 78 added to existing stakes and 86 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $64M. The largest seller was Dorsey Asset Management, exiting entirely with an estimated $49.8M sold.

  • 277 institutional investors held Upwork (UPWK) as of Q1 2025, up from 253 in Q4 2024.
  • Funds reported $1.53B of Upwork stock for Q1 2025, down 15% quarter-over-quarter.
  • 72 funds opened new Upwork positions in Q1 2025 and 46 closed out, a net change of +26 holders.
  • The largest Upwork buyer in Q1 2025 was LSV Asset Management, an estimated $64M added.
  • The largest Upwork seller in Q1 2025 was Dorsey Asset Management, an estimated $49.8M sold.

Based on aggregated 13F filings for Q1 2025.