Upwork
UPWK
269 hedge funds and large institutions have $3.76B invested in Upwork in 2021 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 90 increasing their positions, 97 reducing their positions, and 27 closing their positions.
137% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 27
132% more call options, than puts
Call options by funds: $112M | Put options by funds: $48.5M
32% more capital invested
Capital invested by funds: $2.84B → $3.76B (+$922M)
15% more funds holding
Funds holding: 233 → 269 (+36)
0% less ownership
Funds ownership: 67.43% → 67.43% (-0%)
7% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 97
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$74.8M |
| 2 |
SIM
SRS Investment Management
New York
|
+$62.4M |
| 3 |
BC
BIT Capital
Berlin,
Germany
|
+$55.4M |
| 4 |
FAM
Fred Alger Management
New York
|
+$52.3M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$36.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$59.3M |
| 2 |
AA
Ancient Art
Austin,
Texas
|
-$54.9M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$31.2M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$29.4M |
| 5 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$28.9M |
UPWK Hedge Fund Activity: Q1 2021 in Review
269 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q1 2021, worth a combined $3.76B — up 32% from $2.84B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new UPWK positions and 27 closed out — a net gain of 37 holders — while 90 added to existing stakes and 97 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $74.8M. The largest seller was Renaissance Technologies, cutting an estimated $59.3M.
- 269 institutional investors held Upwork (UPWK) as of Q1 2021, up from 233 in Q4 2020.
- Funds reported $3.76B of Upwork stock for Q1 2021, up 32% quarter-over-quarter.
- 64 funds opened new Upwork positions in Q1 2021 and 27 closed out, a net change of +37 holders.
- The largest Upwork buyer in Q1 2021 was Morgan Stanley, an estimated $74.8M added.
- The largest Upwork seller in Q1 2021 was Renaissance Technologies, an estimated $59.3M sold.
Based on aggregated 13F filings for Q1 2021.