Upwork
UPWK
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.
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: 5 → 9 (+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: 220 → 253 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$76.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$33.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$23.8M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$22.1M |
| 5 |
CAM
Contour Asset Management
New York
|
+$21.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Engine Capital Management
New York
|
-$67.8M |
| 2 |
AA
Ancient Art
Austin,
Texas
|
-$34.8M |
| 3 |
A
Atomvest
Hong Kong
|
-$21.9M |
| 4 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
-$16M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$13.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Man Group
London,
United Kingdom
| – | -$115K | -11,033 | Closed |
|
277
Prudential Financial
Newark,
New Jersey
| – | -$108K | -10,307 | Closed |
|
|
BTI
278
Blue Trust Inc
Alpharetta,
Georgia
| – | -$20.3K | -1,890 | Closed |
|
279
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$11.3K | -1,073 | Closed |
|
|
ACM
280
Aster Capital Management
Dubai,
United Arab Emirates
| – | -$4.17K | -399 | Closed |
|
|
CPA
281
Capital Performance Advisors
Walnut Creek,
California
| – | -$1.71K | -164 | Closed |
|
|
IAIM
282
International Assets Investment Management
Orlando,
Florida
| – | -$6 | -63 | 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.