291 hedge funds and large institutions have $1.48B invested in Upwork in 2026 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 115 increasing their positions, 90 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more ownership

Funds ownership:

less funds holding

Funds holding:

less first-time investments, than exits

New positions opened: | Existing positions closed:

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

33% less call options, than puts

Call options by funds: $15.9M | Put options by funds: $23.9M

45% less capital invested

Capital invested by funds: $2.68B → $1.48B (-$1.19B)

Holders
291
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$15.9M
Puts
$23.9M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
76
Penserra Capital Management
California
$2.04M
Royal Bank of Canada
77
Royal Bank of Canada
Ontario, Canada
$1.96M
SFI
78
Susquehanna Fundamental Investments
Pennsylvania
$1.84M
SOW
79
State of Wyoming
Wyoming
$1.78M
AQR Capital Management
80
AQR Capital Management
Connecticut
$1.72M
Wells Fargo
81
Wells Fargo
California
$1.71M
California State Teachers Retirement System (CalSTRS)
82
California State Teachers Retirement System (CalSTRS)
California
$1.71M
EMPI
83
Elo Mutual Pension Insurance
Finland
$1.71M
EGM
84
Engineers Gate Manager
New York
$1.69M
Prudential Financial
85
Prudential Financial
New Jersey
$1.65M
SA
86
Sanctuary Advisors
Indiana
$1.63M
PMAM
87
Picton Mahoney Asset Management
Ontario, Canada
$1.55M
EIM
88
Essex Investment Management
Massachusetts
$1.51M
Massachusetts Financial Services
89
Massachusetts Financial Services
Massachusetts
$1.47M
GIPM
90
G2 Investment Partners Management
New York
$1.32M
BNP Paribas Asset Management
91
BNP Paribas Asset Management
France
$1.3M
Schroder Investment Management Group
92
Schroder Investment Management Group
United Kingdom
$1.3M
TRSOTSOK
93
Teachers Retirement System of the State of Kentucky
Kentucky
$1.29M
IIM
94
INTECH Investment Management
Florida
$1.26M
VAM
95
Vanguard Asset Management
$1.23M
Envestnet Asset Management
96
Envestnet Asset Management
Illinois
$1.22M
Canada Life
97
Canada Life
Manitoba, Canada
$1.18M
Stifel Financial
98
Stifel Financial
Missouri
$1.18M
SOADOR
99
State of Alaska Department of Revenue
Alaska
$1.16M
Citigroup
100
Citigroup
New York
$1.12M