268 hedge funds and large institutions have $2.26B invested in Upwork in 2025 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 90 increasing their positions, 95 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more capital invested

Capital invested by funds: $ → $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more ownership

Funds ownership:

2% more funds holding

Funds holding: 264268 (+4)

0% more funds holding in top 10

Funds holding in top 10: 44 (0)

5% less repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 95

Holders
268
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
$41.8M
Puts
$26.6M
Net Calls
Net Calls Change

Top Buyers

1 +$38.1M
2 +$33.4M
3 +$24.8M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$16.7M
5
Goldman Sachs
Goldman Sachs
New York
+$16.2M

Top Sellers

1 -$33.9M
2 -$29.7M
3 -$24.6M
4
Renaissance Technologies
Renaissance Technologies
New York
-$18.3M
5
Verition Fund Management
Verition Fund Management
Connecticut
-$17.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Acadian Asset Management
51
Acadian Asset Management
Massachusetts
$7.1M
DB
52
Danske Bank
Denmark
$6.97M
CG
53
Circumference Group
Arkansas
$6.96M
Universal-Beteiligungs- und Servicegesellschaft
54
Universal-Beteiligungs- und Servicegesellschaft
Germany
$6.87M
AllianceBernstein
55
AllianceBernstein
Tennessee
$6.48M
Capital Fund Management (CFM)
56
Capital Fund Management (CFM)
France
$5.95M
Luther King Capital Management (LKCM)
57
Luther King Capital Management (LKCM)
Texas
$5.87M
Susquehanna International Group
58
Susquehanna International Group
Pennsylvania
$5.68M
AQR Capital Management
59
AQR Capital Management
Connecticut
$5.59M
New York State Common Retirement Fund
60
New York State Common Retirement Fund
New York
$5.53M
Ameriprise
61
Ameriprise
Minnesota
$5.36M
D.E. Shaw & Co
62
D.E. Shaw & Co
New York
$5.22M
Franklin Resources
63
Franklin Resources
California
$5.1M
Qube Research & Technologies (QRT)
64
Qube Research & Technologies (QRT)
United Kingdom
$5.05M
GC
65
Globeflex Capital
California
$5.01M
UBS AM
66
UBS AM
Illinois
$5M
OIA
67
OneDigital Investment Advisors
Kansas
$4.98M
State of Wisconsin Investment Board
68
State of Wisconsin Investment Board
Wisconsin
$4.96M
ECM
69
ExodusPoint Capital Management
New York
$4.96M
CCS
70
Concentric Capital Strategies
Connecticut
$4.78M
Nordea Investment Management
71
Nordea Investment Management
Sweden
$4.6M
Swiss National Bank
72
Swiss National Bank
Switzerland
$4.5M
AG
73
Algert Global
California
$4.38M
Principal Financial Group
74
Principal Financial Group
Iowa
$4.28M
GAM
75
Gotham Asset Management
New York
$4.13M