Upwork
UPWK
143 hedge funds and large institutions have $692M invested in Upwork in 2019 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 51 increasing their positions, 35 reducing their positions, and 24 closing their positions.
67% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 24
46% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 35
12% more funds holding
Funds holding: 128 → 143 (+15)
4.22% more ownership
Funds ownership: 53.71% → 57.93% (+4.2%)
12% less capital invested
Capital invested by funds: $790M → $692M (-$97.3M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
98% less call options, than puts
Call options by funds: $842K | Put options by funds: $40.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SP
Stockbridge Partners
Boston,
Massachusetts
|
+$67.1M |
| 2 |
KA
Kerrisdale Advisers
Miami,
Florida
|
+$11.5M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$10.8M |
| 4 |
Goldman Sachs
New York
|
+$10.7M |
| 5 |
AA
Ancient Art
Austin,
Texas
|
+$10.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$29.2M |
| 2 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$17.9M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$13.2M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$9.44M |
| 5 |
SCM
Scopia Capital Management
New York
|
-$7.43M |
UPWK Hedge Fund Activity: Q4 2019 in Review
143 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2019, worth a combined $692M — down 12% from $790M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new UPWK positions and 24 closed out — a net gain of 16 holders — while 51 added to existing stakes and 35 trimmed.
The largest buyer was Stockbridge Partners, opening a new position worth an estimated $67.1M. The largest seller was Morgan Stanley, cutting an estimated $29.2M.
- 143 institutional investors held Upwork (UPWK) as of Q4 2019, up from 128 in Q3 2019.
- Funds reported $692M of Upwork stock for Q4 2019, down 12% quarter-over-quarter.
- 40 funds opened new Upwork positions in Q4 2019 and 24 closed out, a net change of +16 holders.
- The largest Upwork buyer in Q4 2019 was Stockbridge Partners, an estimated $67.1M added.
- The largest Upwork seller in Q4 2019 was Morgan Stanley, an estimated $29.2M sold.
Based on aggregated 13F filings for Q4 2019.