Upwork
UPWK
220 hedge funds and large institutions have $1.09B invested in Upwork in 2024 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 69 increasing their positions, 84 reducing their positions, and 64 closing their positions.
16% more call options, than puts
Call options by funds: $21.5M | Put options by funds: $18.6M
0.61% more ownership
Funds ownership: 78.28% → 78.88% (+0.61%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
2% less capital invested
Capital invested by funds: $1.12B → $1.09B (-$26.9M)
12% less funds holding
Funds holding: 249 → 220 (-29)
18% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 84
39% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$85.1M |
| 2 |
ECM
Engine Capital Management
New York
|
+$50.9M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$18.5M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$9.89M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
+$8.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
-$35.7M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$17.4M |
| 3 |
BCM
Bares Capital Management
Austin,
Texas
|
-$15.3M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$12.7M |
| 5 |
GCP
Greenoaks Capital Partners
Orinda,
California
|
-$11.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
276
Clearstead Advisors
Cleveland,
Ohio
| – | -$7.57K | -704 | Closed |
|
|
BCV
277
Banque Cantonale Vaudoise
Lausanne,
Switzerland
| – | -$6K | -600 | Closed |
|
|
GRP
278
Global Retirement Partners
San Rafael,
California
| – | -$5.96K | -554 | Closed |
|
|
NC
279
nVerses Capital
Wellington,
Florida
| – | -$3.23K | -300 | Closed |
|
|
MG
280
Mather Group
Chicago,
Illinois
| – | -$1.84K | -150 | Closed |
|
281
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$1.28K | -119 | Closed |
|
|
IC
282
Innealta Capital
Austin,
Texas
| – | -$1.01K | -94 | Closed |
|
|
EWA
283
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$800 | -66 | Closed |
|
|
SAM
284
Smartleaf Asset Management
Boston,
Massachusetts
| – | -$169 | -16 | Closed |
|
UPWK Hedge Fund Activity: Q3 2024 in Review
220 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q3 2024, worth a combined $1.09B — down 2.4% from $1.12B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of UPWK and 39 opened new positions — a net loss of 25 holders — while 84 trimmed existing stakes and 69 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $85.1M. The largest seller was Divisadero Street Capital Management, exiting entirely with an estimated $35.7M sold.
- 220 institutional investors held Upwork (UPWK) as of Q3 2024, down from 249 in Q2 2024.
- Funds reported $1.09B of Upwork stock for Q3 2024, down 2.4% quarter-over-quarter.
- 39 funds opened new Upwork positions in Q3 2024 and 64 closed out, a net change of -25 holders.
- The largest Upwork buyer in Q3 2024 was T. Rowe Price Associates, an estimated $85.1M added.
- The largest Upwork seller in Q3 2024 was Divisadero Street Capital Management, an estimated $35.7M sold.
Based on aggregated 13F filings for Q3 2024.