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228 hedge funds and large institutions have $1.39B invested in Upwork in 2022 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 78 increasing their positions, 73 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 31

7% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 73

2% more call options, than puts

Call options by funds: $20.9M | Put options by funds: $20.4M

1% more funds holding

Funds holding: 226228 (+2)

0.11% less ownership

Funds ownership: 78.36%78.25% (-0.11%)

34% less capital invested

Capital invested by funds: $2.1B → $1.39B (-$706M)

64% less funds holding in top 10

Funds holding in top 10: 145 (-9)

Holders
228
Holders Change
+2
Holders Change %
+0.88%
% of All Funds
3.93%
Holding in Top 10
5
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-64.29%
% of All Funds
0.09%
New
35
Increased
78
Reduced
73
Closed
31
Calls
$20.9M
Puts
$20.4M
Net Calls
+$495K
Net Calls Change
+$13.6M
Name Holding Trade Value Shares
Change
Change in
Stake
RhumbLine Advisers
76
RhumbLine Advisers
Massachusetts
$2.14M +$181K +9,601 +7%
EVM
77
Eaton Vance Management
Massachusetts
$2.04M -$564 -30 -0%
California State Teachers Retirement System (CalSTRS)
78
California State Teachers Retirement System (CalSTRS)
California
$2.01M -$196K -10,443 -7%
OQS
79
Occudo Quantitative Strategies
Florida
$1.98M +$1.95M +103,613 +246%
TCA
80
Transcend Capital Advisors
New Jersey
$1.91M -$13.2K -700 -0.5%
AllianceBernstein
81
AllianceBernstein
Tennessee
$1.91M
MA
82
Mudita Advisors
United Kingdom
$1.85M
State of New Jersey Common Pension Fund D
83
State of New Jersey Common Pension Fund D
New Jersey
$1.81M +$171K +9,113 +7%
UBS AM
84
UBS AM
Illinois
$1.77M -$438K -23,306 -15%
GCM
85
Graham Capital Management
Connecticut
$1.67M +$2.3M +122,288 New
JF
86
Jump Financial
Illinois
$1.62M +$2.24M +118,957 New
PFM
87
Premier Fund Managers
United Kingdom
$1.55M -$1.25M -66,238 -37%
US Bancorp
88
US Bancorp
Minnesota
$1.54M -$110K -5,874 -5%
Canada Pension Plan Investment Board
89
Canada Pension Plan Investment Board
Ontario, Canada
$1.5M +$1.95M +103,884 +1,623%
Legal & General Group
90
Legal & General Group
United Kingdom
$1.46M -$29.7K -1,582 -1%
Capital Fund Management (CFM)
91
Capital Fund Management (CFM)
France
$1.31M +$627K +33,366 +53%
AG
92
Algert Global
California
$1.29M +$1.44M +76,512 +418%
ECM
93
ExodusPoint Capital Management
New York
$1.28M +$1.77M +94,026 New
Vontobel Holding
94
Vontobel Holding
Switzerland
$1.22M +$344K +18,305 +26%
Squarepoint
95
Squarepoint
New York
$1.18M +$1.62M +86,380 New
EGM
96
Engineers Gate Manager
New York
$1.16M +$1.34M +71,174 +518%
New York State Common Retirement Fund
97
New York State Common Retirement Fund
New York
$1.15M -$3.9M -207,315 -71%
AG
98
AIA Group
Hong Kong
$1.12M +$6.51K +346 +0.4%
Barclays
99
Barclays
United Kingdom
$1.11M -$42.8K -2,275 -3%
TI
100
Trexquant Investment
Connecticut
$1.06M +$1.46M +77,830 New

UPWK Hedge Fund Activity: Q3 2022 in Review

228 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q3 2022, worth a combined $1.39B — down 34% from $2.1B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new UPWK positions and 31 closed out — a net gain of 4 holders — while 78 added to existing stakes and 73 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $43.5M. The largest seller was T. Rowe Price Associates, cutting an estimated $69.5M.

  • 228 institutional investors held Upwork (UPWK) as of Q3 2022, up from 226 in Q2 2022.
  • Funds reported $1.39B of Upwork stock for Q3 2022, down 34% quarter-over-quarter.
  • 35 funds opened new Upwork positions in Q3 2022 and 31 closed out, a net change of +4 holders.
  • The largest Upwork buyer in Q3 2022 was Janus Henderson Group, an estimated $43.5M added.
  • The largest Upwork seller in Q3 2022 was T. Rowe Price Associates, an estimated $69.5M sold.

Based on aggregated 13F filings for Q3 2022.