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Upwork
UPWK

269 hedge funds and large institutions have $5.07B invested in Upwork in 2021 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 104 increasing their positions, 83 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more call options, than puts

Call options by funds: $96.4M | Put options by funds: $66.6M

35% more capital invested

Capital invested by funds: $3.76B → $5.07B (+$1.3B)

25% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 83

1.61% more ownership

Funds ownership: 67.43% → 69.04% (+1.6%)

2% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 43

0% more funds holding

Funds holding: 269 → 269 (0)

0% more funds holding in top 10

Funds holding in top 10: 10 → 10 (0)

Holders
269
Holders Change
–
Holders Change %
0%
% of All Funds
4.68%
Holding in Top 10
10
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.17%
New
44
Increased
104
Reduced
83
Closed
43
Calls
$96.4M
Puts
$66.6M
Net Calls
+$29.8M
Net Calls Change
-$34.2M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$114M
2
DCP
Durable Capital Partners
Maryland
+$70.3M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$52.5M
4
FAM
Fred Alger Management
New York
+$41.1M
5
BlackRock
BlackRock
New York
+$40.2M

Top Sellers

1
HRCM
Hawk Ridge Capital Management
California
-$83.8M
2
AA
Ancient Art
Texas
-$46.5M
3
CCM
Candlestick Capital Management
Connecticut
-$31.3M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$29.2M
5
Morgan Stanley
Morgan Stanley
New York
-$28.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Voloridge Investment Management
101
Voloridge Investment Management
Florida
$3.3M +$2.26M +48,131 +566%
Walleye Trading
102
Walleye Trading
New York
$3.2M +$4.65K +99 +0.2%
Two Sigma Advisers
103
Two Sigma Advisers
New York
$3.19M +$2.36M +50,200 +1,116%
CL
104
CPWM LLC
Washington
$3.09M – – –
CMI
105
Clare Market Investments
Texas
$3.08M -$59.9K -1,275 -2%
Barclays
106
Barclays
United Kingdom
$2.9M -$2.1M -44,648 -47%
CGFI
107
Cypress Growth Fund III
California
$2.62M – – –
CSS
108
Cubist Systematic Strategies
Connecticut
$2.58M +$1.36M +28,975 +190%
OBWP
109
O'Brien Wealth Partners
Massachusetts
$2.58M – – –
TPM
110
Triasima Portfolio Management
Quebec, Canada
$2.56M – – –
AQR Capital Management
111
AQR Capital Management
Connecticut
$2.56M +$273K +5,817 +15%
MIM
112
MetLife Investment Management
New Jersey
$2.41M +$306K +6,517 +19%
Citigroup
113
Citigroup
New York
$2.36M -$26K -554 -1%
SO
114
STRS Ohio
Ohio
$2.32M +$132K +2,800 +8%
QT
115
Quantbot Technologies
New York
$2.31M -$409K -8,710 -18%
Calamos Advisors
116
Calamos Advisors
Illinois
$2.23M +$1.8M +38,339 New
Commonwealth Equity Services
117
Commonwealth Equity Services
Massachusetts
$2.2M -$10.8K -229 -0.6%
State Board of Administration of Florida Retirement System
118
State Board of Administration of Florida Retirement System
Florida
$2.16M +$111K +2,357 +7%
SG Americas Securities
119
SG Americas Securities
New York
$2.06M +$1.22M +26,030 +281%
Victory Capital Management
120
Victory Capital Management
Texas
$2.05M +$379K +8,055 +30%
AR
121
Advisory Research
Illinois
$2.03M +$170K +3,609 +12%
Principal Financial Group
122
Principal Financial Group
Iowa
$2.01M +$694K +14,757 +75%
Royal Bank of Canada
123
Royal Bank of Canada
Ontario, Canada
$2M -$2.4M -51,106 -60%
OQS
124
Occudo Quantitative Strategies
Florida
$1.98M +$417K +8,871 +35%
TPA
125
Trivium Point Advisory
Connecticut
$1.94M -$423 -9 -0%
3 4
5
6 7

UPWK Hedge Fund Activity: Q2 2021 in Review

269 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q2 2021, worth a combined $5.07B — up 35% from $3.76B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new UPWK positions and 43 closed out — a net gain of 1 holder — while 104 added to existing stakes and 83 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $114M. The largest seller was Hawk Ridge Capital Management, exiting entirely with an estimated $83.8M sold.

  • 269 institutional investors held Upwork (UPWK) as of Q2 2021, unchanged from Q1 2021.
  • Funds reported $5.07B of Upwork stock for Q2 2021, up 35% quarter-over-quarter.
  • 44 funds opened new Upwork positions in Q2 2021 and 43 closed out, a net change of +1 holder.
  • The largest Upwork buyer in Q2 2021 was T. Rowe Price Associates, an estimated $114M added.
  • The largest Upwork seller in Q2 2021 was Hawk Ridge Capital Management, an estimated $83.8M sold.

Based on aggregated 13F filings for Q2 2021.