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305 hedge funds and large institutions have $2.68B invested in Upwork in 2025 Q4 according to their latest regulatory filings, with 77 funds opening new positions, 117 increasing their positions, 86 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

103% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 38

36% more repeat investments, than reductions

Existing positions increased: 117 | Existing positions reduced: 86

18% more capital invested

Capital invested by funds: $2.27B → $2.68B (+$404M)

11.07% more ownership

Funds ownership: 92.32%103.39% (+11%)

11% more funds holding

Funds holding: 276305 (+29)

0% less call options, than puts

Call options by funds: $40.9M | Put options by funds: $40.9M

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
305
Holders Change
+29
Holders Change %
+10.51%
% of All Funds
3.71%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.04%
New
77
Increased
117
Reduced
86
Closed
38
Calls
$40.9M
Puts
$40.9M
Net Calls
-$15K
Net Calls Change
-$15.2M
Name Holding Trade Value Shares
Change
Change in
Stake
BC
326
Bridgefront Capital
Texas
-$1.01M -54,326 Closed
Aviva
327
Aviva
United Kingdom
-$536K -28,847 Closed
Jennison Associates
328
Jennison Associates
New York
-$509K -27,394 Closed
BCM
329
Bayesian Capital Management
New York
-$491K -26,450 Closed
CCIA
330
Campbell & Co Investment Adviser
Maryland
-$455K -24,516 Closed
GCM
331
Graham Capital Management
Connecticut
-$372K -20,031 Closed
DS
332
DRW Securities
Illinois
-$244K -13,172 Closed
XT
333
XTX Topco
Cayman Islands
-$241K -12,952 Closed
ACM
334
Aster Capital Management
United Arab Emirates
-$213K -11,497 Closed
CA
335
Cache Advisors
California
-$204K -11,000 Closed
ASN
336
Advisory Services Network
Georgia
-$14.8K -799 Closed
GWSG
337
GPS Wealth Strategies Group
Colorado
-$9.01K -485 Closed
Optiver Holding
338
Optiver Holding
Netherlands
-$8.52K -459 Closed
HI
339
Harbour Investments
Wisconsin
-$6.07K -327 Closed
WT
340
Whittier Trust
California
-$4.53K -262 Closed
PS
341
Principal Securities
Iowa
-$3.01K -162 Closed
WANY
342
Wealthspire Advisors (New York)
New York
-$2.79K -150 Closed
National Bank of Canada
343
National Bank of Canada
Quebec, Canada
-$966 -52 Closed
GAM
344
Groupama Asset Management
France
-$679K