300 hedge funds and large institutions have $2.67B invested in Upwork in 2025 Q4 according to their latest regulatory filings, with 76 funds opening new positions, 115 increasing their positions, 85 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more capital invested

Capital invested by funds: $ → $

more ownership

Funds ownership:

9% more funds holding

Funds holding: 274300 (+26)

6% less call options, than puts

Call options by funds: $37.7M | Put options by funds: $39.9M

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
300
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$37.7M
Puts
$39.9M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SG Americas Securities
76
SG Americas Securities
New York
$3.22M
VOYA Investment Management
77
VOYA Investment Management
Georgia
$3.07M
SOW
78
State of Wyoming
Wyoming
$2.91M
Man Group
79
Man Group
United Kingdom
$2.89M
EIM
80
Essex Investment Management
Massachusetts
$2.69M
Prudential Financial
81
Prudential Financial
New Jersey
$2.42M
TRSOTSOK
82
Teachers Retirement System of the State of Kentucky
Kentucky
$2.39M
California State Teachers Retirement System (CalSTRS)
83
California State Teachers Retirement System (CalSTRS)
California
$2.36M
BNP Paribas Asset Management
84
BNP Paribas Asset Management
France
$2.34M
Group One Trading
85
Group One Trading
Illinois
$2.32M
PAMP
86
Polar Asset Management Partners
Ontario, Canada
$2.27M
Capital Fund Management (CFM)
87
Capital Fund Management (CFM)
France
$2.17M
Canada Life
88
Canada Life
Manitoba, Canada
$2.13M
JP Morgan Chase
89
JP Morgan Chase
New York
$2.09M
SOADOR
90
State of Alaska Department of Revenue
Alaska
$2.08M
Thrivent Financial for Lutherans
91
Thrivent Financial for Lutherans
Minnesota
$2.06M
SEI Investments
92
SEI Investments
Pennsylvania
$2.01M
CSP
93
Cary Street Partners
Virginia
$1.97M
Verition Fund Management
94
Verition Fund Management
Connecticut
$1.96M
Envestnet Asset Management
95
Envestnet Asset Management
Illinois
$1.95M
LPL Financial
96
LPL Financial
California
$1.76M
Citigroup
97
Citigroup
New York
$1.69M
EGM
98
Engineers Gate Manager
New York
$1.65M
Cerity Partners
99
Cerity Partners
New York
$1.6M
New York State Teachers Retirement System (NYSTRS)
100
New York State Teachers Retirement System (NYSTRS)
New York
$1.45M