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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
I
301
InceptionR
California
-$456K -27,917 Closed
CMF
302
Counterpoint Mutual Funds
California
-$456K -27,915 Closed
ADIM
303
Alpha DNA Investment Management
Maryland
-$446K -27,269 Closed
LOAMU
304
Lombard Odier Asset Management (USA)
New York
-$347K -21,231 Closed
PA
305
PharVision Advisers
Florida
-$345K -21,074 Closed
YIH
306
Y-Intercept (HK)
Hong Kong
-$329K -20,115 Closed
PTC
307
Petrus Trust Company
Texas
-$324K -19,811 Closed
SIP
308
Stoneridge Investment Partners
Pennsylvania
-$271K -16,566 Closed
BAM
309
Blueshift Asset Management
New Jersey
-$234K -14,337 Closed
PCM
310
Prelude Capital Management
New York
-$229K -13,979 Closed
OR
311
Olympiad Research
Connecticut
-$188K -11,474 Closed
Principal Financial Group
312
Principal Financial Group
Iowa
-$175K -10,729 Closed
OQS
313
Occudo Quantitative Strategies
Florida
-$172K -10,501 Closed
BC
314
Bayforest Capital
United Kingdom
-$156K -9,552 Closed
Skandinaviska Enskilda Banken (SEB)
315
Skandinaviska Enskilda Banken (SEB)
Sweden
-$144K -8,700 Closed
Walleye Trading
316
Walleye Trading
New York
-$106K -6,979 Closed
NL
317
NKCFO LLC
Illinois
-$82K -5,040 Closed
Federated Hermes
318
Federated Hermes
Pennsylvania
-$53.8K -3,289 Closed
CAS
319
Coppell Advisory Solutions
Texas
-$23.4K -1,411 Closed
CFGS
320
Concourse Financial Group Securities
Alabama
-$5.14K -321 Closed
PD
321
Point72 (DIFC)
United Arab Emirates
-$3.59K -220 Closed
Bessemer Group
322
Bessemer Group
New Jersey
-$1.68K -110 Closed
FCMT
323
Founders Capital Management (Texas)
Texas
-$638 -39 Closed
EC
324
Elequin Capital
New York
-$164 -10 Closed

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.