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305 hedge funds and large institutions have $2.68B invested in Upwork in 2025 Q4 according to their latest regulatory filings, with 77 funds opening new positions, 117 increasing their positions, 86 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

103% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 38

36% more repeat investments, than reductions

Existing positions increased: 117 | Existing positions reduced: 86

18% more capital invested

Capital invested by funds: $2.27B → $2.68B (+$404M)

11.07% more ownership

Funds ownership: 92.32%103.39% (+11%)

11% more funds holding

Funds holding: 276305 (+29)

0% less call options, than puts

Call options by funds: $40.9M | Put options by funds: $40.9M

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
305
Holders Change
+29
Holders Change %
+10.51%
% of All Funds
3.71%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.04%
New
77
Increased
117
Reduced
86
Closed
38
Calls
$40.9M
Puts
$40.9M
Net Calls
-$15K
Net Calls Change
-$15.2M
Name Holding Trade Value Shares
Change
Change in
Stake
SG Americas Securities
76
SG Americas Securities
New York
$3.22M +$1.26M +68,475 +73%
VOYA Investment Management
77
VOYA Investment Management
Georgia
$3.07M +$2.42M +132,146 +587%
SOW
78
State of Wyoming
Wyoming
$2.91M +$299K +16,284 +12%
Man Group
79
Man Group
United Kingdom
$2.89M -$1.15M -62,972 -30%
EIM
80
Essex Investment Management
Massachusetts
$2.69M -$54.9K -2,992 -2%
Prudential Financial
81
Prudential Financial
New Jersey
$2.42M +$1.7M +92,868 +317%
TRSOTSOK
82
Teachers Retirement System of the State of Kentucky
Kentucky
$2.39M +$1.34M +73,311 +155%
California State Teachers Retirement System (CalSTRS)
83
California State Teachers Retirement System (CalSTRS)
California
$2.36M +$60.5K +3,300 +3%
BNP Paribas Asset Management
84
BNP Paribas Asset Management
France
$2.34M +$2.14M +116,549 +8,608%
Group One Trading
85
Group One Trading
Illinois
$2.32M +$1.6M +87,368 +293%
Corient Private Wealth
86
Corient Private Wealth
Florida
$2.31M +$1.29M +70,112 +152%
PAMP
87
Polar Asset Management Partners
Ontario, Canada
$2.27M -$6.73M -367,031 -76%
Capital Fund Management (CFM)
88
Capital Fund Management (CFM)
France
$2.17M -$3.86M -210,600 -66%
Canada Life
89
Canada Life
Manitoba, Canada
$2.13M +$1.13M +61,773 +135%
JP Morgan Chase
90
JP Morgan Chase
New York
$2.09M -$1.51M -82,400 -44%
SOADOR
91
State of Alaska Department of Revenue
Alaska
$2.08M +$1.81M +98,943 +1,567%
Thrivent Financial for Lutherans
92
Thrivent Financial for Lutherans
Minnesota
$2.06M +$1.65M +89,777 +623%
SEI Investments
93
SEI Investments
Pennsylvania
$2.01M +$27.4K +1,492 +1%
CSP
94
Cary Street Partners
Virginia
$1.97M -$67.7K -3,690 -4%
Verition Fund Management
95
Verition Fund Management
Connecticut
$1.96M +$362K +19,712 +25%
Envestnet Asset Management
96
Envestnet Asset Management
Illinois
$1.95M +$98.7K +5,382 +6%
LPL Financial
97
LPL Financial
California
$1.76M +$1.27M +69,098 +349%
Citigroup
98
Citigroup
New York
$1.69M +$50.7K +2,765 +3%
EGM
99
Engineers Gate Manager
New York
$1.65M +$1.53M +83,393 New
Cerity Partners
100
Cerity Partners
New York
$1.6M +$88.7K +4,834 +6%