272 hedge funds and large institutions have $1.53B invested in Upwork in 2025 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 77 increasing their positions, 83 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding

Funds holding:

more ownership

Funds ownership:

less repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

15% less capital invested

Capital invested by funds: $1.79B → $1.53B (-$267M)

35% less call options, than puts

Call options by funds: $14.8M | Put options by funds: $22.8M

56% less funds holding in top 10

Funds holding in top 10: 94 (-5)

Holders
272
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$14.8M
Puts
$22.8M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
26
$10.6M
27
$10.5M
28
$10.3M
29
$9.65M
30
$8.41M
31
$7.48M
32
$7.08M
33
$6.2M
34
$6.16M
35
$6.06M
36
$5.66M
37
$5.46M
38
$5.38M
39
$5.23M
40
$5.22M
41
$5.19M
42
$5.04M
43
$5M
44
$4.94M
45
$4.76M
46
$4.72M
47
$4.61M
48
$4.42M
49
$3.89M
50
$3.74M