274 hedge funds and large institutions have $2.27B invested in Upwork in 2025 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 94 increasing their positions, 96 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 funds holding in top 10

Funds holding in top 10:

3% more funds holding

Funds holding: 266274 (+8)

2.98% more ownership

Funds ownership: 89.34%92.32% (+3%)

2% less repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 96

Holders
274
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
5
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 +$30.7M
2 +$26.8M
3 +$19.9M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$13.4M
5
Goldman Sachs
Goldman Sachs
New York
+$13M

Top Sellers

1 -$26.2M
2 -$23.8M
3 -$19.7M
4
Renaissance Technologies
Renaissance Technologies
New York
-$14.6M
5
Verition Fund Management
Verition Fund Management
Connecticut
-$13.7M
Name Holding Trade Value Shares
Change
Change in
Stake
FGAM
51
Financial Gravity Asset Management
Texas
$7.27M
Acadian Asset Management
52
Acadian Asset Management
Massachusetts
$7.1M
DB
53
Danske Bank
Denmark
$6.97M
CG
54
Circumference Group
Arkansas
$6.96M
Universal-Beteiligungs- und Servicegesellschaft
55
Universal-Beteiligungs- und Servicegesellschaft
Germany
$6.87M
AllianceBernstein
56
AllianceBernstein
Tennessee
$6.48M
Capital Fund Management (CFM)
57
Capital Fund Management (CFM)
France
$5.95M
Luther King Capital Management (LKCM)
58
Luther King Capital Management (LKCM)
Texas
$5.87M
Susquehanna International Group
59
Susquehanna International Group
Pennsylvania
$5.68M
AQR Capital Management
60
AQR Capital Management
Connecticut
$5.59M
New York State Common Retirement Fund
61
New York State Common Retirement Fund
New York
$5.53M
Ameriprise
62
Ameriprise
Minnesota
$5.36M
D.E. Shaw & Co
63
D.E. Shaw & Co
New York
$5.22M
Franklin Resources
64
Franklin Resources
California
$5.1M
Qube Research & Technologies (QRT)
65
Qube Research & Technologies (QRT)
United Kingdom
$5.05M
GC
66
Globeflex Capital
California
$5.01M
UBS AM
67
UBS AM
Illinois
$5M
OIA
68
OneDigital Investment Advisors
Kansas
$4.98M
State of Wisconsin Investment Board
69
State of Wisconsin Investment Board
Wisconsin
$4.96M
ECM
70
ExodusPoint Capital Management
New York
$4.96M
CCS
71
Concentric Capital Strategies
Connecticut
$4.78M
Nordea Investment Management
72
Nordea Investment Management
Sweden
$4.6M
Swiss National Bank
73
Swiss National Bank
Switzerland
$4.5M
AG
74
Algert Global
California
$4.38M
Principal Financial Group
75
Principal Financial Group
Iowa
$4.28M