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305 hedge funds and large institutions have $2.68B invested in Upwork in 2025 Q4 according to their latest regulatory filings, with 77 funds opening new positions, 117 increasing their positions, 86 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

103% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 38

36% more repeat investments, than reductions

Existing positions increased: 117 | Existing positions reduced: 86

18% more capital invested

Capital invested by funds: $2.27B → $2.68B (+$404M)

11.07% more ownership

Funds ownership: 92.32%103.39% (+11%)

11% more funds holding

Funds holding: 276305 (+29)

0% less call options, than puts

Call options by funds: $40.9M | Put options by funds: $40.9M

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
305
Holders Change
+29
Holders Change %
+10.51%
% of All Funds
3.71%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.04%
New
77
Increased
117
Reduced
86
Closed
38
Calls
$40.9M
Puts
$40.9M
Net Calls
-$15K
Net Calls Change
-$15.2M
Name Holding Trade Value Shares
Change
Change in
Stake
RhumbLine Advisers
51
RhumbLine Advisers
Massachusetts
$6.48M +$2.58M +140,457 +75%
Luther King Capital Management (LKCM)
52
Luther King Capital Management (LKCM)
Texas
$6.29M +$26.9K +1,465 +0.5%
Arrowstreet Capital
53
Arrowstreet Capital
Massachusetts
$6.23M -$13.4M -729,644 -70%
New York State Common Retirement Fund
54
New York State Common Retirement Fund
New York
$6.01M +$95.4K +5,200 +2%
DB
55
Danske Bank
Denmark
$5.98M -$1.35M -73,629 -20%
Universal-Beteiligungs- und Servicegesellschaft
56
Universal-Beteiligungs- und Servicegesellschaft
Germany
$5.96M -$1.24M -67,510 -18%
Schroder Investment Management Group
57
Schroder Investment Management Group
United Kingdom
$5.69M +$5.33M +290,843 New
Franklin Resources
58
Franklin Resources
California
$5.45M +$4.55K +248 +0.1%
JAM
59
Jupiter Asset Management
United Kingdom
$5.45M -$4.26M -232,347 -46%
GC
60
Globeflex Capital
California
$5.34M
OIA
61
OneDigital Investment Advisors
Kansas
$5.11M -$192K -10,484 -4%
Swiss National Bank
62
Swiss National Bank
Switzerland
$4.92M +$110K +6,000 +2%
Wells Fargo
63
Wells Fargo
California
$4.82M +$1.22M +66,284 +37%
UBS AM
64
UBS AM
Illinois
$4.72M -$578K -31,523 -12%
AG
65
Algert Global
California
$4.65M -$25.9K -1,410 -0.6%
Nordea Investment Management
66
Nordea Investment Management
Sweden
$4.39M -$459K -25,053 -10%
PCM
67
Penserra Capital Management
California
$4.13M +$34.9K +1,902 +0.9%
Squarepoint
68
Squarepoint
New York
$3.69M -$7.79M -424,749 -69%
Royal Bank of Canada
69
Royal Bank of Canada
Ontario, Canada
$3.57M -$5.04M -274,947 -60%
Acadian Asset Management
70
Acadian Asset Management
Massachusetts
$3.44M -$3.83M -209,107 -55%
EF
71
Empowered Funds
Pennsylvania
$3.4M +$1.87M +101,987 +146%
BC
72
Burney Company
Virginia
$3.34M +$3.09M +168,627 New
Robeco Institutional Asset Management
73
Robeco Institutional Asset Management
Netherlands
$3.29M -$545K -29,707 -15%
Victory Capital Management
74
Victory Capital Management
Texas
$3.24M -$295K -16,087 -9%
GAM
75
Gotham Asset Management
New York
$3.22M -$1.09M -59,646 -27%