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218 hedge funds and large institutions have $1.02B invested in Upwork in 2022 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 83 increasing their positions, 67 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more call options, than puts

Call options by funds: $22M | Put options by funds: $9.82M

24% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 67

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

3.96% less ownership

Funds ownership: 78.25%74.29% (-4%)

4% less funds holding

Funds holding: 228218 (-10)

13% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 38

27% less capital invested

Capital invested by funds: $1.39B → $1.02B (-$371M)

Holders
218
Holders Change
-10
Holders Change %
-4.39%
% of All Funds
3.5%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.08%
New
33
Increased
83
Reduced
67
Closed
38
Calls
$22M
Puts
$9.82M
Net Calls
+$12.1M
Net Calls Change
+$11.7M
Name Holding Trade Value Shares
Change
Change in
Stake
AG
76
Algert Global
California
$1.34M +$414K +33,568 +35%
Vontobel Holding
77
Vontobel Holding
Switzerland
$1.27M +$475K +38,473 +43%
CCM
78
Connective Capital Management
California
$1.25M +$1.48M +120,140 New
BNP Paribas Financial Markets
79
BNP Paribas Financial Markets
France
$1.25M +$1.48M +119,885 New
Capital Fund Management (CFM)
80
Capital Fund Management (CFM)
France
$1.22M +$261K +21,116 +22%
HSBC Holdings
81
HSBC Holdings
United Kingdom
$1.18M -$1.15M -92,909 -45%
Canada Pension Plan Investment Board
82
Canada Pension Plan Investment Board
Ontario, Canada
$1.15M
Walleye Capital
83
Walleye Capital
New York
$1.15M +$633K +51,278 +87%
Legal & General Group
84
Legal & General Group
United Kingdom
$1.13M +$16.4K +1,330 +1%
US Bancorp
85
US Bancorp
Minnesota
$1.06M -$140K -11,350 -10%
JF
86
Jump Financial
Illinois
$1.02M -$267K -21,657 -18%
EGM
87
Engineers Gate Manager
New York
$977K +$107K +8,686 +10%
T. Rowe Price Associates
88
T. Rowe Price Associates
Maryland
$960K -$2.42M -196,056 -68%
B
89
Bailard
California
$933K +$1.1M +89,384 New
New York State Common Retirement Fund
90
New York State Common Retirement Fund
New York
$878K -$605 -49 -0.1%
State of Wisconsin Investment Board
91
State of Wisconsin Investment Board
Wisconsin
$860K +$88.7K +7,190 +10%
Barclays
92
Barclays
United Kingdom
$835K -$16.1K -1,304 -2%
LCM
93
Landscape Capital Management
New Jersey
$833K -$3.11M -252,128 -76%
Invesco
94
Invesco
Georgia
$750K -$53.4K -4,332 -6%
PFM
95
Premier Fund Managers
United Kingdom
$730K -$525K -42,568 -38%
Voloridge Investment Management
96
Voloridge Investment Management
Florida
$729K +$389K +31,548 +82%
SIA
97
SkyView Investment Advisors
New Jersey
$721K +$92.3K +7,482 +12%
MIM
98
MetLife Investment Management
New Jersey
$673K
OQS
99
Occudo Quantitative Strategies
Florida
$613K -$1.07M -86,952 -60%
Jane Street
100
Jane Street
New York
$608K -$138K -11,188 -16%

UPWK Hedge Fund Activity: Q4 2022 in Review

218 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2022, worth a combined $1.02B — down 27% from $1.39B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of UPWK and 33 opened new positions — a net loss of 5 holders — while 67 trimmed existing stakes and 83 added.

The largest buyer was Capital International Investors, adding an estimated $66.1M. The largest seller was Jackson Square Partners, exiting entirely with an estimated $96.4M sold.

  • 218 institutional investors held Upwork (UPWK) as of Q4 2022, down from 228 in Q3 2022.
  • Funds reported $1.02B of Upwork stock for Q4 2022, down 27% quarter-over-quarter.
  • 33 funds opened new Upwork positions in Q4 2022 and 38 closed out, a net change of -5 holders.
  • The largest Upwork buyer in Q4 2022 was Capital International Investors, an estimated $66.1M added.
  • The largest Upwork seller in Q4 2022 was Jackson Square Partners, an estimated $96.4M sold.

Based on aggregated 13F filings for Q4 2022.