Upwork
UPWK
258 hedge funds and large institutions have $1.71B invested in Upwork in 2023 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 84 increasing their positions, 83 reducing their positions, and 31 closing their positions.
90% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 31
38% more capital invested
Capital invested by funds: $1.24B → $1.71B (+$469M)
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
11% more funds holding
Funds holding: 232 → 258 (+26)
4.83% more ownership
Funds ownership: 78.26% → 83.1% (+4.8%)
1% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 83
8% less call options, than puts
Call options by funds: $35.3M | Put options by funds: $38.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$47.4M |
| 2 |
Goldman Sachs
New York
|
+$20.5M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$16.6M |
| 4 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$11.1M |
| 5 |
BlackRock
New York
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$26.8M |
| 2 |
DAM
Dorsey Asset Management
Chicago,
Illinois
|
-$21.6M |
| 3 |
MCO
MAK Capital One
New York
|
-$15.5M |
| 4 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
-$10.3M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$8.37M |
UPWK Hedge Fund Activity: Q4 2023 in Review
258 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2023, worth a combined $1.71B — up 38% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new UPWK positions and 31 closed out — a net gain of 28 holders — while 84 added to existing stakes and 83 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $47.4M. The largest seller was Citadel Advisors, cutting an estimated $26.8M.
- 258 institutional investors held Upwork (UPWK) as of Q4 2023, up from 232 in Q3 2023.
- Funds reported $1.71B of Upwork stock for Q4 2023, up 38% quarter-over-quarter.
- 59 funds opened new Upwork positions in Q4 2023 and 31 closed out, a net change of +28 holders.
- The largest Upwork buyer in Q4 2023 was Morgan Stanley, an estimated $47.4M added.
- The largest Upwork seller in Q4 2023 was Citadel Advisors, an estimated $26.8M sold.
Based on aggregated 13F filings for Q4 2023.