Upwork
UPWK
81 hedge funds and large institutions have $718M invested in Upwork in 2019 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 28 increasing their positions, 16 reducing their positions, and 17 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 16
53% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 17
13% more funds holding
Funds holding: 72 → 81 (+9)
6% more capital invested
Capital invested by funds: $679M → $718M (+$38.3M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.17% less ownership
Funds ownership: 35.8% → 35.63% (-0.17%)
55% less call options, than puts
Call options by funds: $2.76M | Put options by funds: $6.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$14.7M |
| 2 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$10.7M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$9.09M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$8.5M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$7.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$24M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$19.7M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$9.41M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$7.27M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
-$5.85M |
UPWK Hedge Fund Activity: Q1 2019 in Review
81 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q1 2019, worth a combined $718M — up 5.6% from $679M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new UPWK positions and 17 closed out — a net gain of 9 holders — while 28 added to existing stakes and 16 trimmed.
The largest buyer was BlackRock, adding an estimated $14.7M. The largest seller was Citadel Advisors, cutting an estimated $24M.
- 81 institutional investors held Upwork (UPWK) as of Q1 2019, up from 72 in Q4 2018.
- Funds reported $718M of Upwork stock for Q1 2019, up 5.6% quarter-over-quarter.
- 26 funds opened new Upwork positions in Q1 2019 and 17 closed out, a net change of +9 holders.
- The largest Upwork buyer in Q1 2019 was BlackRock, an estimated $14.7M added.
- The largest Upwork seller in Q1 2019 was Citadel Advisors, an estimated $24M sold.
Based on aggregated 13F filings for Q1 2019.