264 hedge funds and large institutions have $1.58B invested in Upwork in 2025 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 103 increasing their positions, 83 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more ownership

Funds ownership:

more capital invested

Capital invested by funds: $ → $

more funds holding in top 10

Funds holding in top 10:

10% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 51

3% less funds holding

Funds holding: 272264 (-8)

31% less call options, than puts

Call options by funds: $12.8M | Put options by funds: $18.5M

Holders
264
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
$12.8M
Puts
$18.5M
Net Calls
Net Calls Change

Top Buyers

1 +$21.8M
2 +$15.9M
3 +$15.6M
4
Millennium Management
Millennium Management
New York
+$14.9M
5
Jane Street
Jane Street
New York
+$13.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Robeco Institutional Asset Management
76
Robeco Institutional Asset Management
Netherlands
$2.31M
Principal Financial Group
77
Principal Financial Group
Iowa
$2.3M
PM
78
Plustick Management
Virginia
$2.28M
JAM
79
Jupiter Asset Management
United Kingdom
$2.14M
DSCM
80
Divisadero Street Capital Management
Florida
$2.13M
Marshall Wace
81
Marshall Wace
United Kingdom
$2.12M
Legal & General Group
82
Legal & General Group
United Kingdom
$2.1M
Victory Capital Management
83
Victory Capital Management
Texas
$1.92M
Los Angeles Capital Management
84
Los Angeles Capital Management
California
$1.89M
SOW
85
State of Wyoming
Wyoming
$1.84M
PAM
86
Panagora Asset Management
Massachusetts
$1.82M
EIM
87
Essex Investment Management
Massachusetts
$1.8M
GCM
88
Graham Capital Management
Connecticut
$1.7M
EGM
89
Engineers Gate Manager
New York
$1.67M
GCP
90
GSA Capital Partners
United Kingdom
$1.58M
California State Teachers Retirement System (CalSTRS)
91
California State Teachers Retirement System (CalSTRS)
California
$1.56M
OAC
92
OMERS Administration Corp
Ontario, Canada
$1.55M
Deutsche Bank
93
Deutsche Bank
Germany
$1.45M
FPA
94
First Pacific Advisors
California
$1.41M
CC
95
Centiva Capital
New York
$1.41M
Mackenzie Financial
96
Mackenzie Financial
Ontario, Canada
$1.4M
CSP
97
Cary Street Partners
Virginia
$1.38M
AQR Capital Management
98
AQR Capital Management
Connecticut
$1.31M
Norges Bank
99
Norges Bank
Norway
$1.31M
B
100
Bailard
California
$1.3M