We are live on ! Find out more

253 hedge funds and large institutions have $1.8B invested in Upwork in 2024 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 81 increasing their positions, 78 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

132% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 28

80% more funds holding in top 10

Funds holding in top 10: 59 (+4)

65% more capital invested

Capital invested by funds: $1.09B → $1.8B (+$711M)

28% more call options, than puts

Call options by funds: $47.6M | Put options by funds: $37.1M

15% more funds holding

Funds holding: 220253 (+33)

3.43% more ownership

Funds ownership: 78.88%82.32% (+3.4%)

4% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 78

Holders
253
Holders Change
+33
Holders Change %
+15%
% of All Funds
3.33%
Holding in Top 10
9
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+80%
% of All Funds
0.12%
New
65
Increased
81
Reduced
78
Closed
28
Calls
$47.6M
Puts
$37.1M
Net Calls
+$10.5M
Net Calls Change
+$7.56M
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
51
Penserra Capital Management
California
$5.05M +$406K +28,175 +10%
UBS AM
52
UBS AM
Illinois
$5.02M +$541K +37,560 +14%
F1I
53
Fund 1 Investments
Puerto Rico
$4.64M -$614K -42,641 -13%
Luther King Capital Management (LKCM)
54
Luther King Capital Management (LKCM)
Texas
$4.31M +$38K +2,636 +1%
Barclays
55
Barclays
United Kingdom
$4.27M -$3.69M -256,515 -50%
Swiss National Bank
56
Swiss National Bank
Switzerland
$4.04M
Citigroup
57
Citigroup
New York
$4.03M +$1.34M +93,301 +61%
First Trust Advisors
58
First Trust Advisors
Illinois
$3.99M +$2.95M +204,596 +522%
GC
59
Globeflex Capital
California
$3.88M +$349K +24,205 +11%
Franklin Resources
60
Franklin Resources
California
$3.87M -$311K -21,573 -8%
Ameriprise
61
Ameriprise
Minnesota
$3.8M +$2.65M +184,289 +385%
Deutsche Bank
62
Deutsche Bank
Germany
$3.7M -$2.6M -180,831 -44%
BNP Paribas Financial Markets
63
BNP Paribas Financial Markets
France
$3.7M -$366K -25,403 -10%
GPGA
64
Grandeur Peak Global Advisors
Utah
$3.67M +$3.23M +224,182 New
AACP
65
Advantage Alpha Capital Partners
California
$3.13M +$231K +16,062 +9%
D.E. Shaw & Co
66
D.E. Shaw & Co
New York
$3.01M +$1.96M +135,795 +281%
RhumbLine Advisers
67
RhumbLine Advisers
Massachusetts
$2.91M +$34.4K +2,387 +1%
AQR Capital Management
68
AQR Capital Management
Connecticut
$2.88M -$694K -48,212 -21%
Corient Private Wealth
69
Corient Private Wealth
Florida
$2.82M +$2.16M +149,871 +660%
Millennium Management
70
Millennium Management
New York
$2.78M -$1.23M -85,351 -33%
ECM
71
Engine Capital Management
New York
$2.74M -$67.8M -4,708,298 -97%
SEI Investments
72
SEI Investments
Pennsylvania
$2.62M +$677K +46,972 +42%
Qube Research & Technologies (QRT)
73
Qube Research & Technologies (QRT)
United Kingdom
$2.49M +$2.19M +152,120 New
Legal & General Group
74
Legal & General Group
United Kingdom
$2.26M +$101K +7,041 +5%
EIM
75
Essex Investment Management
Massachusetts
$2.22M -$296K -20,540 -13%

UPWK Hedge Fund Activity: Q4 2024 in Review

253 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2024, worth a combined $1.8B — up 65% from $1.09B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new UPWK positions and 28 closed out — a net gain of 37 holders — while 81 added to existing stakes and 78 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $76.2M. The largest seller was Engine Capital Management, cutting an estimated $67.8M.

  • 253 institutional investors held Upwork (UPWK) as of Q4 2024, up from 220 in Q3 2024.
  • Funds reported $1.8B of Upwork stock for Q4 2024, up 65% quarter-over-quarter.
  • 65 funds opened new Upwork positions in Q4 2024 and 28 closed out, a net change of +37 holders.
  • The largest Upwork buyer in Q4 2024 was T. Rowe Price Associates, an estimated $76.2M added.
  • The largest Upwork seller in Q4 2024 was Engine Capital Management, an estimated $67.8M sold.

Based on aggregated 13F filings for Q4 2024.