272 hedge funds and large institutions have $1.53B invested in Upwork in 2025 Q1 according to their latest regulatory filings, with 73 funds opening new positions, 77 increasing their positions, 82 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding

Funds holding:

more ownership

Funds ownership:

less repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

15% less capital invested

Capital invested by funds: $1.79B → $1.53B (-$267M)

35% less call options, than puts

Call options by funds: $14.8M | Put options by funds: $22.8M

56% less funds holding in top 10

Funds holding in top 10: 94 (-5)

Holders
272
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$14.8M
Puts
$22.8M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Robeco Institutional Asset Management
76
Robeco Institutional Asset Management
Netherlands
$1.85M
Corient Private Wealth
77
Corient Private Wealth
Florida
$1.84M
HSBC Holdings
78
HSBC Holdings
United Kingdom
$1.83M
CCIA
79
Campbell & Co Investment Adviser
Maryland
$1.82M
Legal & General Group
80
Legal & General Group
United Kingdom
$1.8M
PAM
81
Panagora Asset Management
Massachusetts
$1.77M
Schroder Investment Management Group
82
Schroder Investment Management Group
United Kingdom
$1.76M
EIM
83
Essex Investment Management
Massachusetts
$1.76M
Victory Capital Management
84
Victory Capital Management
Texas
$1.72M
OAC
85
OMERS Administration Corp
Ontario, Canada
$1.66M
GAM
86
Gotham Asset Management
New York
$1.62M
GCM
87
Graham Capital Management
Connecticut
$1.61M
American Century Companies
88
American Century Companies
Missouri
$1.58M
Teacher Retirement System of Texas
89
Teacher Retirement System of Texas
Texas
$1.5M
California State Teachers Retirement System (CalSTRS)
90
California State Teachers Retirement System (CalSTRS)
California
$1.49M
Citigroup
91
Citigroup
New York
$1.46M
CSP
92
Cary Street Partners
Virginia
$1.42M
Mackenzie Financial
93
Mackenzie Financial
Ontario, Canada
$1.39M
FPA
94
First Pacific Advisors
California
$1.37M
SFI
95
Susquehanna Fundamental Investments
Pennsylvania
$1.35M
Stifel Financial
96
Stifel Financial
Missouri
$1.26M
Envestnet Asset Management
97
Envestnet Asset Management
Illinois
$1.26M
LPL Financial
98
LPL Financial
California
$1.21M
B
99
Bailard
California
$1.18M
Amundi
100
Amundi
France
$1.17M