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Upwork
UPWK

143 hedge funds and large institutions have $692M invested in Upwork in 2019 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 51 increasing their positions, 35 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 24

46% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 35

12% more funds holding

Funds holding: 128 → 143 (+15)

4.22% more ownership

Funds ownership: 53.71% → 57.93% (+4.2%)

12% less capital invested

Capital invested by funds: $790M → $692M (-$97.3M)

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

98% less call options, than puts

Call options by funds: $842K | Put options by funds: $40.6M

Holders
143
Holders Change
+15
Holders Change %
+11.72%
% of All Funds
2.82%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.08%
New
40
Increased
51
Reduced
35
Closed
24
Calls
$842K
Puts
$40.6M
Net Calls
-$39.7M
Net Calls Change
+$8.24M

Top Buyers

1
SP
Stockbridge Partners
Massachusetts
+$67.1M
2
KA
Kerrisdale Advisers
Florida
+$11.5M
3
Capital International Investors
Capital International Investors
California
+$10.8M
4
Goldman Sachs
Goldman Sachs
New York
+$10.7M
5
AA
Ancient Art
Texas
+$10.5M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$29.2M
2
DIG
Dragoneer Investment Group
California
-$17.9M
3
Franklin Resources
Franklin Resources
California
-$13.2M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$9.44M
5
SCM
Scopia Capital Management
New York
-$7.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
BIM
26
Bogle Investment Management
Massachusetts
$3.62M +$4.27M +339,325 New
N
27
Nuveen
North Carolina
$3.52M -$188K -14,910 -4%
Millennium Management
28
Millennium Management
New York
$3.32M +$2.72M +215,675 +226%
Squarepoint
29
Squarepoint
New York
$2.85M +$2.26M +179,322 +204%
GT
30
Glenmede Trust
Pennsylvania
$2.83M +$1.29M +102,692 +63%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
31
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$2.77M +$3.27M +259,875 New
AACP
32
Advantage Alpha Capital Partners
California
$2.49M +$2.94M +233,581 New
OAM
33
Oxford Asset Management
United Kingdom
$2.36M -$7.24M -574,710 -72%
JP Morgan Chase
34
JP Morgan Chase
New York
$2.27M -$3.22M -255,242 -54%
Renaissance Technologies
35
Renaissance Technologies
New York
$2.16M +$1.03M +81,717 +67%
DKCM
36
Davidson Kempner Capital Management
New York
$2.13M +$2.52M +200,000 New
HLA
37
Hamilton Lane Advisors
Pennsylvania
$2.12M +$97.5K +7,736 +4%
Alyeska Investment Group
38
Alyeska Investment Group
Illinois
$2.09M +$2.47M +195,844 New
Bank of New York Mellon
39
Bank of New York Mellon
New York
$2.06M +$64.8K +5,145 +3%
PPA
40
Parametric Portfolio Associates
Washington
$1.95M +$1.05M +83,670 +84%
PP
41
PDT Partners
New York
$1.95M +$2.3M +182,690 New
Tudor Investment Corp
42
Tudor Investment Corp
Connecticut
$1.92M +$1.19M +94,415 +111%
CS
43
Credit Suisse
Switzerland
$1.65M +$1.09M +86,669 +128%
Group One Trading
44
Group One Trading
Illinois
$1.53M +$785K +62,341 +77%
ARTA
45
A.R.T. Advisors
New York
$1.51M +$626K +49,700 +54%
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$1.49M +$1.05M +83,637 +149%
AP
47
Adero Partners
California
$1.49M +$1.76M +139,683 New
UBS Group
48
UBS Group
Switzerland
$1.48M -$1.86M -147,273 -51%
D.E. Shaw & Co
49
D.E. Shaw & Co
New York
$1.47M +$1.46M +115,580 +511%
Barclays
50
Barclays
United Kingdom
$1.24M +$1.03M +81,876 +241%
1
2
3 4 5

UPWK Hedge Fund Activity: Q4 2019 in Review

143 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2019, worth a combined $692M — down 12% from $790M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new UPWK positions and 24 closed out — a net gain of 16 holders — while 51 added to existing stakes and 35 trimmed.

The largest buyer was Stockbridge Partners, opening a new position worth an estimated $67.1M. The largest seller was Morgan Stanley, cutting an estimated $29.2M.

  • 143 institutional investors held Upwork (UPWK) as of Q4 2019, up from 128 in Q3 2019.
  • Funds reported $692M of Upwork stock for Q4 2019, down 12% quarter-over-quarter.
  • 40 funds opened new Upwork positions in Q4 2019 and 24 closed out, a net change of +16 holders.
  • The largest Upwork buyer in Q4 2019 was Stockbridge Partners, an estimated $67.1M added.
  • The largest Upwork seller in Q4 2019 was Morgan Stanley, an estimated $29.2M sold.

Based on aggregated 13F filings for Q4 2019.