291 hedge funds and large institutions have $1.48B invested in Upwork in 2026 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 115 increasing their positions, 90 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more ownership

Funds ownership:

less funds holding

Funds holding:

less first-time investments, than exits

New positions opened: | Existing positions closed:

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

33% less call options, than puts

Call options by funds: $15.9M | Put options by funds: $23.9M

45% less capital invested

Capital invested by funds: $2.68B → $1.48B (-$1.19B)

Holders
291
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$15.9M
Puts
$23.9M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
D.E. Shaw & Co
101
D.E. Shaw & Co
New York
$1.11M
CSP
102
Cary Street Partners
Virginia
$1.09M
LPL Financial
103
LPL Financial
California
$1M
SEI Investments
104
SEI Investments
Pennsylvania
$1,000K
CM
105
Caption Management
Oklahoma
$986K
IQI
106
Integrated Quantitative Investments
Washington
$967K
Thrivent Financial for Lutherans
107
Thrivent Financial for Lutherans
Minnesota
$956K
AC
108
AlphaCore Capital
California
$839K
Jennison Associates
109
Jennison Associates
New York
$829K
State of Tennessee, Department of Treasury
110
State of Tennessee, Department of Treasury
Tennessee
$822K
IMRF
111
Illinois Municipal Retirement Fund
Illinois
$791K
YIH
112
Y-Intercept (HK)
Hong Kong
$772K
ACP
113
Aviance Capital Partners
Florida
$764K
New York State Teachers Retirement System (NYSTRS)
114
New York State Teachers Retirement System (NYSTRS)
New York
$755K
Cerity Partners
115
Cerity Partners
New York
$752K
Amundi
116
Amundi
France
$740K
FGP
117
Freestone Grove Partners
California
$727K
MIM
118
MetLife Investment Management
New Jersey
$723K
ASC
119
Ares Systematic Credit
$705K
SSA
120
Schonfeld Strategic Advisors
New York
$686K
CCIA
121
Campbell & Co Investment Adviser
Maryland
$684K
BHCM
122
Brevan Howard Capital Management
Jersey
$676K
MP
123
Mangrove Partners
Connecticut
$675K
MMEA
124
Main Management ETF Advisors
California
$674K
Zurich Cantonal Bank
125
Zurich Cantonal Bank
Switzerland
$673K