274 hedge funds and large institutions have $2.27B invested in Upwork in 2025 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 94 increasing their positions, 96 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more capital invested

Capital invested by funds: $ → $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding in top 10

Funds holding in top 10:

3% more funds holding

Funds holding: 266274 (+8)

2.98% more ownership

Funds ownership: 89.34%92.32% (+3%)

2% less repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 96

Holders
274
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$41.8M
Puts
$26.6M
Net Calls
Net Calls Change

Top Buyers

1 +$30.7M
2 +$26.8M
3 +$19.9M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$13.4M
5
Goldman Sachs
Goldman Sachs
New York
+$13M

Top Sellers

1 -$26.2M
2 -$23.8M
3 -$19.7M
4
Renaissance Technologies
Renaissance Technologies
New York
-$14.6M
5
Verition Fund Management
Verition Fund Management
Connecticut
-$13.7M
Name Holding Trade Value Shares
Change
Change in
Stake
GAM
76
Gotham Asset Management
New York
$4.13M
EI
77
EAM Investors
California
$4.1M
Man Group
78
Man Group
United Kingdom
$3.88M
PCM
79
Penserra Capital Management
California
$3.84M
TI
80
Trexquant Investment
Connecticut
$3.79M
Robeco Institutional Asset Management
81
Robeco Institutional Asset Management
Netherlands
$3.63M
Voloridge Investment Management
82
Voloridge Investment Management
Florida
$3.6M
Marshall Wace
83
Marshall Wace
United Kingdom
$3.58M
JP Morgan Chase
84
JP Morgan Chase
New York
$3.49M
RhumbLine Advisers
85
RhumbLine Advisers
Massachusetts
$3.47M
MC
86
Maverick Capital
Texas
$3.43M
First Trust Advisors
87
First Trust Advisors
Illinois
$3.41M
SSA
88
Schonfeld Strategic Advisors
New York
$3.4M
Victory Capital Management
89
Victory Capital Management
Texas
$3.34M
Wells Fargo
90
Wells Fargo
California
$3.29M
AIA
91
Alternative Investment Advisors
Florida
$3.01M
DSCM
92
Divisadero Street Capital Management
Florida
$2.94M
Legal & General Group
93
Legal & General Group
United Kingdom
$2.73M
RL
94
Ruffer LLP
United Kingdom
$2.72M
ACM
95
Aquatic Capital Management
Illinois
$2.64M
EIM
96
Essex Investment Management
Massachusetts
$2.57M
Los Angeles Capital Management
97
Los Angeles Capital Management
California
$2.54M
SOW
98
State of Wyoming
Wyoming
$2.43M
Deutsche Bank
99
Deutsche Bank
Germany
$2.21M
California State Teachers Retirement System (CalSTRS)
100
California State Teachers Retirement System (CalSTRS)
California
$2.15M