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Upwork
UPWK

249 hedge funds and large institutions have $1.12B invested in Upwork in 2024 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 93 increasing their positions, 79 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 79

4.59% more ownership

Funds ownership: 73.69% → 78.28% (+4.6%)

6% more call options, than puts

Call options by funds: $20.3M | Put options by funds: $19.2M

5% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 43

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0% less funds holding

Funds holding: 250 → 249 (-1)

10% less capital invested

Capital invested by funds: $1.24B → $1.12B (-$126M)

Holders
249
Holders Change
-1
Holders Change %
-0.4%
% of All Funds
3.6%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
45
Increased
93
Reduced
79
Closed
43
Calls
$20.3M
Puts
$19.2M
Net Calls
+$1.09M
Net Calls Change
+$3.35M

Top Buyers

1
AA
Ancient Art
Texas
+$24M
2
Allianz Asset Management
Allianz Asset Management
Germany
+$23.6M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$21.8M
4
ICM
Invenomic Capital Management
Massachusetts
+$12.6M
5
DSCM
Divisadero Street Capital Management
Florida
+$9.33M

Top Sellers

1
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
-$19M
2
Goldman Sachs
Goldman Sachs
New York
-$18.1M
3
Citadel Advisors
Citadel Advisors
Florida
-$15.5M
4
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$9.43M
5
Two Sigma Investments
Two Sigma Investments
New York
-$8.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
51
D.E. Shaw & Co
New York
$3.35M -$5.62M -495,364 -61%
Canada Pension Plan Investment Board
52
Canada Pension Plan Investment Board
Ontario, Canada
$3.3M +$2.27M +199,900 +187%
KLC
53
Kent Lake Capital
Nevada
$3.23M +$3.4M +300,000 New
UBS AM
54
UBS AM
Illinois
$3.18M +$1.07M +94,047 +47%
SEI Investments
55
SEI Investments
Pennsylvania
$3.11M +$743K +65,480 +29%
Franklin Resources
56
Franklin Resources
California
$2.85M +$186K +16,437 +7%
Swiss National Bank
57
Swiss National Bank
Switzerland
$2.76M +$168K +14,800 +6%
HSBC Holdings
58
HSBC Holdings
United Kingdom
$2.74M +$551K +48,553 +23%
F1I
59
Fund 1 Investments
Puerto Rico
$2.53M +$2.67M +235,000 New
GCM
60
Graham Capital Management
Connecticut
$2.51M -$63.5K -5,598 -2%
Connor, Clark & Lunn Investment Management (CC&L)
61
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.47M +$590K +52,019 +29%
Luther King Capital Management (LKCM)
62
Luther King Capital Management (LKCM)
Texas
$2.27M +$541K +47,681 +29%
Bank of America
63
Bank of America
North Carolina
$2.2M -$1M -88,360 -30%
AG
64
Algert Global
California
$2.15M +$1.73M +152,668 +323%
SIA
65
SkyView Investment Advisors
New Jersey
$2.14M +$140K +12,343 +7%
Assenagon Asset Management
66
Assenagon Asset Management
Luxembourg
$2.11M +$2.23M +196,333 New
Los Angeles Capital Management
67
Los Angeles Capital Management
California
$2.09M +$626K +55,178 +40%
SI
68
Shaker Investments
Ohio
$2.08M -$3.9K -344 -0.2%
EGM
69
Engineers Gate Manager
New York
$2.04M -$358K -31,595 -14%
Boston Partners
70
Boston Partners
Massachusetts
$2.03M +$865K +76,258 +68%
RhumbLine Advisers
71
RhumbLine Advisers
Massachusetts
$2.01M +$69.6K +6,132 +3%
OIA
72
OneDigital Investment Advisors
Kansas
$1.99M +$644K +56,795 +44%
GC
73
Globeflex Capital
California
$1.97M +$2.07M +182,773 +217,587%
BNP Paribas Financial Markets
74
BNP Paribas Financial Markets
France
$1.92M -$472K -41,605 -19%
Squarepoint
75
Squarepoint
New York
$1.9M -$1.41M -124,361 -41%
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3
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UPWK Hedge Fund Activity: Q2 2024 in Review

249 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q2 2024, worth a combined $1.12B — down 10% from $1.24B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new UPWK positions and 43 closed out — a net gain of 2 holders — while 93 added to existing stakes and 79 trimmed.

The largest buyer was Ancient Art, adding an estimated $24M. The largest seller was Fuller & Thaler Asset Management, exiting entirely with an estimated $19M sold.

  • 249 institutional investors held Upwork (UPWK) as of Q2 2024, down from 250 in Q1 2024.
  • Funds reported $1.12B of Upwork stock for Q2 2024, down 10% quarter-over-quarter.
  • 45 funds opened new Upwork positions in Q2 2024 and 43 closed out, a net change of +2 holders.
  • The largest Upwork buyer in Q2 2024 was Ancient Art, an estimated $24M added.
  • The largest Upwork seller in Q2 2024 was Fuller & Thaler Asset Management, an estimated $19M sold.

Based on aggregated 13F filings for Q2 2024.