We are live on ! Find out more

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
Optiver Holding
251
Optiver Holding
Netherlands
$2.13K
PWMG
252
Private Wealth Management Group
New Jersey
$2.06K
TWD
253
True Wealth Design
Ohio
$2.06K +$1.23K +81 +105%
C
254
Covestor
United Kingdom
$2K -$2.35K -154 -53%
SIS
255
Sound Income Strategies
Florida
$1.83K
AF
256
Allworth Financial
California
$1.79K +$731 +48 +57%
SCM
257
Sterling Capital Management
North Carolina
$1.66K
Walleye Capital
258
Walleye Capital
New York
$1.49K -$1.27M -83,372 -100%
EB
259
Eastern Bank
Massachusetts
$1.3K
MWA
260
Medallion Wealth Advisors
Connecticut
$1.3K
WTC
261
WhitTier Trust Company
Nevada
$926 +$1.08K +71 New
National Bank of Canada
262
National Bank of Canada
Quebec, Canada
$835 +$579 +38 +146%
CIBC Private Wealth Group
263
CIBC Private Wealth Group
Georgia
$826 +$1.07K +70 New
PFBT
264
Parkside Financial Bank & Trust
Missouri
$783 +$914 +60 New
CA
265
Continuum Advisory
Idaho
$770 +$899 +59 New
AAP
266
Arax Advisory Partners
Colorado
$744 +$868 +57 New
PSFG
267
Park Square Financial Group
Georgia
$692
PPC
268
Park Place Capital
Alabama
$574 +$670 +44 New
HCP
269
Hexagon Capital Partners
Arkansas
$561 +$61 +4 +10%
SC
270
Stephens Consulting
Michigan
$392 +$457 +30 New
Fifth Third Bancorp
271
Fifth Third Bancorp
Ohio
$365 -$396 -26 -48%
AWM
272
Accredited Wealth Management
Kentucky
$327
LFG
273
Larson Financial Group
Missouri
$313 +$366 +24 New
WT
274
Washington Trust
Rhode Island
$261
EWA
275
EverSource Wealth Advisors
Alabama
$235 +$229 +15 +500%

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.