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253 hedge funds and large institutions have $1.8B invested in Upwork in 2024 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 81 increasing their positions, 78 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

132% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 28

80% more funds holding in top 10

Funds holding in top 10: 59 (+4)

65% more capital invested

Capital invested by funds: $1.09B → $1.8B (+$711M)

28% more call options, than puts

Call options by funds: $47.6M | Put options by funds: $37.1M

15% more funds holding

Funds holding: 220253 (+33)

3.43% more ownership

Funds ownership: 78.88%82.32% (+3.4%)

4% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 78

Holders
253
Holders Change
+33
Holders Change %
+15%
% of All Funds
3.33%
Holding in Top 10
9
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+80%
% of All Funds
0.12%
New
65
Increased
81
Reduced
78
Closed
28
Calls
$47.6M
Puts
$37.1M
Net Calls
+$10.5M
Net Calls Change
+$7.56M
Name Holding Trade Value Shares
Change
Change in
Stake
WT
251
Washington Trust
Rhode Island
$327
Northwestern Mutual Wealth Management
252
Northwestern Mutual Wealth Management
Wisconsin
$213 -$3.62K -251 -95%
EC
253
Elequin Capital
New York
$164 +$72 +5 +100%
EWA
254
EverSource Wealth Advisors
Alabama
$49 +$43 +3 New
BGIM
255
Brandywine Global Investment Management
Pennsylvania
-$5.32M -510,643 Closed
Point72 Asset Management
256
Point72 Asset Management
Connecticut
-$5.26M -503,682 Closed
Marshall Wace
257
Marshall Wace
United Kingdom
-$5.11M -489,333 Closed
Squarepoint
258
Squarepoint
New York
-$3.98M -276,126 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
259
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$2.14M -205,200 Closed
TC
260
TwinBeech Capital
New York
-$1.7M -163,037 Closed
USPCM
261
Union Square Park Capital Management
New York
-$1.31M -125,000 Closed
TCA
262
Transcend Capital Advisors
New Jersey
-$1.14M -108,922 Closed
TAM
263
Tabor Asset Management
New York
-$993K -94,984 Closed
Jane Street
264
Jane Street
New York
-$1.2M -83,632 Closed
Janney Montgomery Scott
265
Janney Montgomery Scott
Pennsylvania
-$858K -82,120 Closed
SPS
266
Susquehanna Portfolio Strategies
Pennsylvania
-$491K -47,025 Closed
CCIA
267
Campbell & Co Investment Adviser
Maryland
-$402K -38,450 Closed
PF
268
Phoenix Financial
Israel
-$366K -35,000 Closed
Holocene Advisors
269
Holocene Advisors
New York
-$282K -26,975 Closed
EAM
270
Eschler Asset Management
United Kingdom
-$266K -25,500 Closed
TCM
271
Teza Capital Management
Illinois
-$256K -24,464 Closed
BC
272
Bridgefront Capital
Texas
-$213K -20,416 Closed
CIC
273
Cornercap Investment Counsel
Georgia
-$171K -16,334 Closed
CFG
274
Citizens Financial Group
Rhode Island
-$143K -13,719 Closed
HighTower Advisors
275
HighTower Advisors
Illinois
-$115K -11,036 Closed

UPWK Hedge Fund Activity: Q4 2024 in Review

253 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2024, worth a combined $1.8B — up 65% from $1.09B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new UPWK positions and 28 closed out — a net gain of 37 holders — while 81 added to existing stakes and 78 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $76.2M. The largest seller was Engine Capital Management, cutting an estimated $67.8M.

  • 253 institutional investors held Upwork (UPWK) as of Q4 2024, up from 220 in Q3 2024.
  • Funds reported $1.8B of Upwork stock for Q4 2024, up 65% quarter-over-quarter.
  • 65 funds opened new Upwork positions in Q4 2024 and 28 closed out, a net change of +37 holders.
  • The largest Upwork buyer in Q4 2024 was T. Rowe Price Associates, an estimated $76.2M added.
  • The largest Upwork seller in Q4 2024 was Engine Capital Management, an estimated $67.8M sold.

Based on aggregated 13F filings for Q4 2024.