300 hedge funds and large institutions have $2.67B invested in Upwork in 2025 Q4 according to their latest regulatory filings, with 76 funds opening new positions, 115 increasing their positions, 85 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more capital invested

Capital invested by funds: $ → $

more ownership

Funds ownership:

9% more funds holding

Funds holding: 274300 (+26)

6% less call options, than puts

Call options by funds: $37.7M | Put options by funds: $39.9M

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
300
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$37.7M
Puts
$39.9M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wellington Management Group
26
Wellington Management Group
Massachusetts
$18.3M
Barclays
27
Barclays
United Kingdom
$18.1M
Deutsche Bank
28
Deutsche Bank
Germany
$17.8M
Two Sigma Investments
29
Two Sigma Investments
New York
$16.7M
Bank of New York Mellon
30
Bank of New York Mellon
New York
$14.9M
ICM
31
Invenomic Capital Management
Massachusetts
$14.6M
PCM
32
Portolan Capital Management
Massachusetts
$14.3M
Ameriprise
33
Ameriprise
Minnesota
$12.6M
JGC
34
J. Goldman & Co
New York
$10.7M
BA
35
Bridgewater Associates
Connecticut
$10.7M
HIM
36
Hillsdale Investment Management
Ontario, Canada
$9.96M
GPGA
37
Grandeur Peak Global Advisors
Utah
$9.16M
Public Sector Pension Investment Board (PSP Investments)
38
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$8.96M
Janus Henderson Group
39
Janus Henderson Group
United Kingdom
$8.89M
KIM
40
Kestrel Investment Management
California
$8.63M
UBS Group
41
UBS Group
Switzerland
$8.55M
AQR Capital Management
42
AQR Capital Management
Connecticut
$8.55M
FGAM
43
Financial Gravity Asset Management
Texas
$7.96M
SIA
44
SkyView Investment Advisors
New Jersey
$7.78M
CG
45
Circumference Group
Arkansas
$7.63M
State of Wisconsin Investment Board
46
State of Wisconsin Investment Board
Wisconsin
$7.44M
First Trust Advisors
47
First Trust Advisors
Illinois
$6.82M
Legal & General Group
48
Legal & General Group
United Kingdom
$6.6M
ClearBridge Investments
49
ClearBridge Investments
New York
$6.59M
AllianceBernstein
50
AllianceBernstein
Tennessee
$6.5M