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292 hedge funds and large institutions have $1.48B invested in Upwork in 2026 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 115 increasing their positions, 90 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 90

0.21% more ownership

Funds ownership: 103.39%103.6% (+0.21%)

10% less first-time investments, than exits

New positions opened: 55 | Existing positions closed: 61

4% less funds holding

Funds holding: 305292 (-13)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

33% less call options, than puts

Call options by funds: $15.9M | Put options by funds: $23.9M

45% less capital invested

Capital invested by funds: $2.68B → $1.48B (-$1.19B)

Holders
292
Holders Change
-13
Holders Change %
-4.26%
% of All Funds
3.6%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.02%
New
55
Increased
115
Reduced
90
Closed
61
Calls
$15.9M
Puts
$23.9M
Net Calls
-$8.01M
Net Calls Change
-$8M
Name Holding Trade Value Shares
Change
Change in
Stake
Principal Financial Group
26
Principal Financial Group
Iowa
$12M +$2.1M +133,078 +14%
Millennium Management
27
Millennium Management
New York
$11.3M +$15.5M +984,915 +1,950%
Bank of America
28
Bank of America
North Carolina
$10.2M -$2.47M -156,795 -14%
VFT
29
Vanguard Fiduciary Trust
Pennsylvania
$9.83M +$14.1M +896,882 New
Wellington Management Group
30
Wellington Management Group
Massachusetts
$9.55M -$817K -51,905 -6%
Invesco
31
Invesco
Georgia
$8.91M -$43.7M -2,773,319 -77%
AllianceBernstein
32
AllianceBernstein
Tennessee
$8.41M +$1.51M +96,103 +29%
Two Sigma Investments
33
Two Sigma Investments
New York
$8.4M -$1.19M -75,492 -9%
Pacer Advisors
34
Pacer Advisors
Pennsylvania
$7.97M +$11.3M +716,650 +7,075%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$7.95M -$439K -27,889 -4%
XT
36
XTX Topco
Cayman Islands
$6.19M +$8.89M +564,496 New
Public Sector Pension Investment Board (PSP Investments)
37
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$6.06M +$1.59M +101,144 +22%
HIM
38
Hillsdale Investment Management
Ontario, Canada
$5.51M
Ameriprise
39
Ameriprise
Minnesota
$5.33M -$2.36M -149,739 -24%
Victory Capital Management
40
Victory Capital Management
Texas
$4.87M +$4.42M +280,633 +172%
KIM
41
Kestrel Investment Management
California
$4.75M -$39.4K -2,500 -0.6%
FGAM
42
Financial Gravity Asset Management
Texas
$4.66M +$364K +23,097 +6%
JP Morgan Chase
43
JP Morgan Chase
New York
$4.34M +$4.81M +305,389 +290%
SIA
44
SkyView Investment Advisors
New Jersey
$4.27M -$51.3K -3,259 -0.8%
N
45
Nuveen
North Carolina
$4.27M -$21.8M -1,382,939 -78%
ClearBridge Investments
46
ClearBridge Investments
New York
$4.25M +$872K +55,387 +17%
BNP Paribas Financial Markets
47
BNP Paribas Financial Markets
France
$4.12M +$4.86M +308,679 +458%
Franklin Resources
48
Franklin Resources
California
$4.09M +$1.56M +98,756 +36%
Allianz Asset Management
49
Allianz Asset Management
Germany
$4.05M -$13.5M -854,229 -70%
First Trust Advisors
50
First Trust Advisors
Illinois
$3.99M +$321K +20,366 +6%