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220 hedge funds and large institutions have $1.09B invested in Upwork in 2024 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 69 increasing their positions, 84 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more call options, than puts

Call options by funds: $21.5M | Put options by funds: $18.6M

0.61% more ownership

Funds ownership: 78.28%78.88% (+0.61%)

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

2% less capital invested

Capital invested by funds: $1.12B → $1.09B (-$26.9M)

12% less funds holding

Funds holding: 249220 (-29)

18% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 84

39% less first-time investments, than exits

New positions opened: 39 | Existing positions closed: 64

Holders
220
Holders Change
-29
Holders Change %
-11.65%
% of All Funds
3.16%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.07%
New
39
Increased
69
Reduced
84
Closed
64
Calls
$21.5M
Puts
$18.6M
Net Calls
+$2.95M
Net Calls Change
+$1.86M
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$7.86M -$1.01M -96,986 -11%
CG
27
Circumference Group
Arkansas
$5.64M +$782K +75,000 +16%
HCM
28
Horrell Capital Management
Arkansas
$5.64M +$782K +75,000 +16%
Barclays
29
Barclays
United Kingdom
$5.41M +$1.91M +183,530 +55%
BGIM
30
Brandywine Global Investment Management
Pennsylvania
$5.32M -$572K -54,855 -10%
Point72 Asset Management
31
Point72 Asset Management
Connecticut
$5.26M +$5.03M +481,942 +2,217%
Marshall Wace
32
Marshall Wace
United Kingdom
$5.11M +$4.29M +411,749 +531%
KIM
33
Kestrel Investment Management
California
$4.86M +$4.92M +471,900 New
TGM
34
Tenzing Global Management
California
$4.7M +$782K +75,000 +20%
Assenagon Asset Management
35
Assenagon Asset Management
Luxembourg
$4.53M +$2.48M +237,601 +121%
Acadian Asset Management
36
Acadian Asset Management
Massachusetts
$4.36M -$12.7M -1,217,723 -74%
Allianz Asset Management
37
Allianz Asset Management
Germany
$4.29M -$17.4M -1,672,621 -80%
Deutsche Bank
38
Deutsche Bank
Germany
$4.26M -$3.7M -354,332 -47%
Bank of New York Mellon
39
Bank of New York Mellon
New York
$3.95M -$1M -96,274 -20%
Norges Bank
40
Norges Bank
Norway
$3.8M +$2.12M +203,377 +127%
HIM
41
Hillsdale Investment Management
Ontario, Canada
$3.63M +$29.7K +2,850 +0.8%
JP Morgan Chase
42
JP Morgan Chase
New York
$3.54M -$707K -67,794 -17%
FGC
43
Financial Gravity Companies
Texas
$3.46M +$3.45M +331,135 New
F1I
44
Fund 1 Investments
Puerto Rico
$3.41M +$953K +91,381 +39%
Citadel Advisors
45
Citadel Advisors
Florida
$3.35M -$6.16M -590,955 -65%
Bank of America
46
Bank of America
North Carolina
$3.24M +$1.1M +105,449 +52%
PCM
47
Penserra Capital Management
California
$2.94M -$676K -64,839 -19%
Squarepoint
48
Squarepoint
New York
$2.89M +$1.04M +99,565 +56%
EGM
49
Engineers Gate Manager
New York
$2.85M +$865K +82,923 +44%
UBS AM
50
UBS AM
Illinois
$2.82M -$276K -26,496 -9%

UPWK Hedge Fund Activity: Q3 2024 in Review

220 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q3 2024, worth a combined $1.09B — down 2.4% from $1.12B a quarter earlier.

Sellers outnumbered buyers: 64 funds closed out of UPWK and 39 opened new positions — a net loss of 25 holders — while 84 trimmed existing stakes and 69 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $85.1M. The largest seller was Divisadero Street Capital Management, exiting entirely with an estimated $35.7M sold.

  • 220 institutional investors held Upwork (UPWK) as of Q3 2024, down from 249 in Q2 2024.
  • Funds reported $1.09B of Upwork stock for Q3 2024, down 2.4% quarter-over-quarter.
  • 39 funds opened new Upwork positions in Q3 2024 and 64 closed out, a net change of -25 holders.
  • The largest Upwork buyer in Q3 2024 was T. Rowe Price Associates, an estimated $85.1M added.
  • The largest Upwork seller in Q3 2024 was Divisadero Street Capital Management, an estimated $35.7M sold.

Based on aggregated 13F filings for Q3 2024.