Upwork
UPWK
278 hedge funds and large institutions have $4.2B invested in Upwork in 2021 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 100 increasing their positions, 82 reducing their positions, and 41 closing their positions.
27% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 41
22% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 82
4.01% more ownership
Funds ownership: 69.04% → 73.05% (+4%)
3% more funds holding
Funds holding: 269 → 278 (+9)
5% less call options, than puts
Call options by funds: $65.9M | Put options by funds: $69.2M
17% less capital invested
Capital invested by funds: $5.07B → $4.2B (-$866M)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$144M |
| 2 |
XEA
XN Exponent Advisors
New York
|
+$80.5M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$41.5M |
| 4 |
BlackRock
New York
|
+$24.8M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$21.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Contour Asset Management
New York
|
-$43.3M |
| 2 |
Morgan Stanley
New York
|
-$38M |
| 3 |
FAM
Fred Alger Management
New York
|
-$33.7M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$27.5M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$26.5M |
UPWK Hedge Fund Activity: Q3 2021 in Review
278 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q3 2021, worth a combined $4.2B — down 17% from $5.07B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new UPWK positions and 41 closed out — a net gain of 11 holders — while 100 added to existing stakes and 82 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $144M. The largest seller was Contour Asset Management, exiting entirely with an estimated $43.3M sold.
- 278 institutional investors held Upwork (UPWK) as of Q3 2021, up from 269 in Q2 2021.
- Funds reported $4.2B of Upwork stock for Q3 2021, down 17% quarter-over-quarter.
- 52 funds opened new Upwork positions in Q3 2021 and 41 closed out, a net change of +11 holders.
- The largest Upwork buyer in Q3 2021 was T. Rowe Price Associates, an estimated $144M added.
- The largest Upwork seller in Q3 2021 was Contour Asset Management, an estimated $43.3M sold.
Based on aggregated 13F filings for Q3 2021.