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253 hedge funds and large institutions have $1.8B invested in Upwork in 2024 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 81 increasing their positions, 78 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

132% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 28

80% more funds holding in top 10

Funds holding in top 10: 59 (+4)

65% more capital invested

Capital invested by funds: $1.09B → $1.8B (+$711M)

28% more call options, than puts

Call options by funds: $47.6M | Put options by funds: $37.1M

15% more funds holding

Funds holding: 220253 (+33)

3.43% more ownership

Funds ownership: 78.88%82.32% (+3.4%)

4% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 78

Holders
253
Holders Change
+33
Holders Change %
+15%
% of All Funds
3.33%
Holding in Top 10
9
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+80%
% of All Funds
0.12%
New
65
Increased
81
Reduced
78
Closed
28
Calls
$47.6M
Puts
$37.1M
Net Calls
+$10.5M
Net Calls Change
+$7.56M
Name Holding Trade Value Shares
Change
Change in
Stake
LCM
76
Landscape Capital Management
New Jersey
$2.22M +$1.96M +135,898 New
PAM
77
Panagora Asset Management
Massachusetts
$2.22M +$30.1K +2,089 +2%
JF
78
Jump Financial
Illinois
$2.07M +$824K +57,225 +82%
PAMP
79
Polar Asset Management Partners
Ontario, Canada
$2.01M +$1.77M +123,100 New
California State Teachers Retirement System (CalSTRS)
80
California State Teachers Retirement System (CalSTRS)
California
$1.92M -$33.3K -2,309 -2%
Lazard Asset Management
81
Lazard Asset Management
New York
$1.87M +$1.65M +114,710 New
EGM
82
Engineers Gate Manager
New York
$1.87M -$2.28M -158,313 -58%
Royal Bank of Canada
83
Royal Bank of Canada
Ontario, Canada
$1.85M -$137K -9,483 -8%
AG
84
Algert Global
California
$1.85M -$749K -52,021 -32%
CSP
85
Cary Street Partners
Virginia
$1.78M +$1.57M +108,672 New
FPA
86
First Pacific Advisors
California
$1.71M
Simplex Trading
87
Simplex Trading
Illinois
$1.69M +$715K +49,615 +92%
Teacher Retirement System of Texas
88
Teacher Retirement System of Texas
Texas
$1.67M +$1.47M +102,161 New
Amundi
89
Amundi
France
$1.5M +$367K +25,464 +38%
B
90
Bailard
California
$1.47M -$291K -20,212 -18%
HS
91
HighVista Strategies
Massachusetts
$1.37M +$1.2M +83,600 New
Walleye Capital
92
Walleye Capital
New York
$1.36M +$495K +34,350 +70%
Victory Capital Management
93
Victory Capital Management
Texas
$1.35M -$491K -34,080 -29%
Russell Investments Group
94
Russell Investments Group
United Kingdom
$1.33M +$1.14M +79,459 +20,322%
CA
95
Cache Advisors
California
$1.32M +$1.17M +81,000 New
IMC Chicago
96
IMC Chicago
Illinois
$1.27M -$1.25M -86,492 -53%
Vontobel Holding
97
Vontobel Holding
Switzerland
$1.24M -$657K -45,586 -37%
MIM
98
MetLife Investment Management
New Jersey
$1.24M +$53.2K +3,692 +5%
Balyasny Asset Management
99
Balyasny Asset Management
Illinois
$1.21M +$1.07M +74,092 New
Capital Fund Management (CFM)
100
Capital Fund Management (CFM)
France
$1.18M -$1.62M -112,292 -61%

UPWK Hedge Fund Activity: Q4 2024 in Review

253 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2024, worth a combined $1.8B — up 65% from $1.09B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new UPWK positions and 28 closed out — a net gain of 37 holders — while 81 added to existing stakes and 78 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $76.2M. The largest seller was Engine Capital Management, cutting an estimated $67.8M.

  • 253 institutional investors held Upwork (UPWK) as of Q4 2024, up from 220 in Q3 2024.
  • Funds reported $1.8B of Upwork stock for Q4 2024, up 65% quarter-over-quarter.
  • 65 funds opened new Upwork positions in Q4 2024 and 28 closed out, a net change of +37 holders.
  • The largest Upwork buyer in Q4 2024 was T. Rowe Price Associates, an estimated $76.2M added.
  • The largest Upwork seller in Q4 2024 was Engine Capital Management, an estimated $67.8M sold.

Based on aggregated 13F filings for Q4 2024.