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269 hedge funds and large institutions have $5.07B invested in Upwork in 2021 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 104 increasing their positions, 83 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more call options, than puts

Call options by funds: $96.4M | Put options by funds: $66.6M

35% more capital invested

Capital invested by funds: $3.76B → $5.07B (+$1.3B)

25% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 83

1.61% more ownership

Funds ownership: 67.43%69.04% (+1.6%)

2% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 43

0% more funds holding

Funds holding: 269269 (0)

0% more funds holding in top 10

Funds holding in top 10: 1010 (0)

Holders
269
Holders Change
Holders Change %
0%
% of All Funds
4.68%
Holding in Top 10
10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.17%
New
44
Increased
104
Reduced
83
Closed
43
Calls
$96.4M
Puts
$66.6M
Net Calls
+$29.8M
Net Calls Change
-$34.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Macquarie Group
26
Macquarie Group
Australia
$35.9M +$493K +10,485 +2%
Invesco
27
Invesco
Georgia
$35.2M +$26.8M +571,226 +1,776%
RA
28
Royce & Associates
New York
$32.2M
PCM
29
Penserra Capital Management
California
$30.8M +$24.9M +529,177 New
Goldman Sachs
30
Goldman Sachs
New York
$29.8M +$17.3M +368,545 +258%
DCM
31
Driehaus Capital Management
Illinois
$27.5M +$22.2M +472,550 New
KLC
32
Kent Lake Capital
Nevada
$25.6M -$2.82M -60,000 -12%
Wellington Management Group
33
Wellington Management Group
Massachusetts
$22.1M -$111K -2,366 -0.6%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$21.5M +$2.69M +57,165 +18%
FCM
35
Frontier Capital Management
Massachusetts
$21.1M -$3.04M -64,736 -15%
IAMH
36
IvyRock Asset Management (HK)
Hong Kong
$21M -$94K -2,000 -0.6%
FSCM
37
First Sabrepoint Capital Management
Texas
$21M -$705K -15,000 -4%
CI
38
Clal Insurance
Israel
$18.4M -$6.17M -131,269 -29%
Dimensional Fund Advisors
39
Dimensional Fund Advisors
Texas
$17.4M -$2.14M -45,540 -13%
Fuller & Thaler Asset Management
40
Fuller & Thaler Asset Management
California
$16.9M -$581K -12,366 -4%
TD Asset Management
41
TD Asset Management
Ontario, Canada
$16.8M +$9.26M +196,924 +155%
RCW
42
Rheos Capital Works
Japan
$16.1M
California Public Employees Retirement System
43
California Public Employees Retirement System
California
$15.3M +$1.35M +28,723 +12%
Swiss National Bank
44
Swiss National Bank
Switzerland
$14.4M +$3.13M +66,600 +37%
PFM
45
Premier Fund Managers
United Kingdom
$13.9M -$8.03M -170,946 -42%
Bank of America
46
Bank of America
North Carolina
$13.8M +$2.13M +45,228 +24%
Renaissance Technologies
47
Renaissance Technologies
New York
$13.6M +$5.89M +125,227 +116%
Luther King Capital Management (LKCM)
48
Luther King Capital Management (LKCM)
Texas
$13.3M
Man Group
49
Man Group
United Kingdom
$12.6M -$41.9K -892 -0.4%
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$12.6M +$1.26M +26,753 +14%

UPWK Hedge Fund Activity: Q2 2021 in Review

269 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q2 2021, worth a combined $5.07B — up 35% from $3.76B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new UPWK positions and 43 closed out — a net gain of 1 holder — while 104 added to existing stakes and 83 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $114M. The largest seller was Hawk Ridge Capital Management, exiting entirely with an estimated $83.8M sold.

  • 269 institutional investors held Upwork (UPWK) as of Q2 2021, unchanged from Q1 2021.
  • Funds reported $5.07B of Upwork stock for Q2 2021, up 35% quarter-over-quarter.
  • 44 funds opened new Upwork positions in Q2 2021 and 43 closed out, a net change of +1 holder.
  • The largest Upwork buyer in Q2 2021 was T. Rowe Price Associates, an estimated $114M added.
  • The largest Upwork seller in Q2 2021 was Hawk Ridge Capital Management, an estimated $83.8M sold.

Based on aggregated 13F filings for Q2 2021.