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218 hedge funds and large institutions have $1.02B invested in Upwork in 2022 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 83 increasing their positions, 67 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more call options, than puts

Call options by funds: $22M | Put options by funds: $9.82M

24% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 67

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

3.96% less ownership

Funds ownership: 78.25%74.29% (-4%)

4% less funds holding

Funds holding: 228218 (-10)

13% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 38

27% less capital invested

Capital invested by funds: $1.39B → $1.02B (-$371M)

Holders
218
Holders Change
-10
Holders Change %
-4.39%
% of All Funds
3.5%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.08%
New
33
Increased
83
Reduced
67
Closed
38
Calls
$22M
Puts
$9.82M
Net Calls
+$12.1M
Net Calls Change
+$11.7M
Name Holding Trade Value Shares
Change
Change in
Stake
AIG
101
American International Group
New York
$600K +$6.58K +533 +0.9%
TD Asset Management
102
TD Asset Management
Ontario, Canada
$578K
Corient Private Wealth
103
Corient Private Wealth
Florida
$559K +$660K +53,518 New
SSA
104
Schonfeld Strategic Advisors
New York
$542K -$1.5M -121,195 -70%
Mirae Asset Global Investments
105
Mirae Asset Global Investments
South Korea
$538K +$15.4K +1,251 +2%
KFP
106
KB Financial Partners
New Jersey
$532K +$83.8K +6,796 +15%
AG
107
AIA Group
Hong Kong
$518K -$401K -32,502 -40%
Manulife (Manufacturers Life Insurance)
108
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$509K +$10.5K +850 +2%
CCM
109
CAAS Capital Management
New York
$436K +$515K +41,716 New
XT
110
XTX Topco
Cayman Islands
$415K +$311K +25,198 +174%
WAM
111
Wolverine Asset Management
Illinois
$414K
Ameriprise
112
Ameriprise
Minnesota
$411K +$42.8K +3,471 +10%
OBWP
113
O'Brien Wealth Partners
Massachusetts
$410K
State Board of Administration of Florida Retirement System
114
State Board of Administration of Florida Retirement System
Florida
$398K
UBS Group
115
UBS Group
Switzerland
$393K +$407K +32,970 +711%
SG Americas Securities
116
SG Americas Securities
New York
$378K -$38.1K -3,091 -8%
SFG
117
Synergy Financial Group
California
$370K -$52.7K -4,273 -11%
Canada Life
118
Canada Life
Manitoba, Canada
$365K +$182K +14,750 +74%
ASRS
119
Arizona State Retirement System
Arizona
$346K +$17.8K +1,440 +5%
Commonwealth Equity Services
120
Commonwealth Equity Services
Massachusetts
$330K -$68.3K -5,534 -15%
WP
121
WealthSource Partners
California
$299K +$81.1K +6,572 +30%
PTC
122
Petrus Trust Company
Texas
$289K +$71.6K +5,806 +27%
WG
123
Winton Group
United Kingdom
$253K +$14.4K +1,168 +5%
RJT
124
Raymond James Trust
Florida
$251K +$24.9K +2,020 +9%
Stifel Financial
125
Stifel Financial
Missouri
$234K +$277K +22,421 New

UPWK Hedge Fund Activity: Q4 2022 in Review

218 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2022, worth a combined $1.02B — down 27% from $1.39B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of UPWK and 33 opened new positions — a net loss of 5 holders — while 67 trimmed existing stakes and 83 added.

The largest buyer was Capital International Investors, adding an estimated $66.1M. The largest seller was Jackson Square Partners, exiting entirely with an estimated $96.4M sold.

  • 218 institutional investors held Upwork (UPWK) as of Q4 2022, down from 228 in Q3 2022.
  • Funds reported $1.02B of Upwork stock for Q4 2022, down 27% quarter-over-quarter.
  • 33 funds opened new Upwork positions in Q4 2022 and 38 closed out, a net change of -5 holders.
  • The largest Upwork buyer in Q4 2022 was Capital International Investors, an estimated $66.1M added.
  • The largest Upwork seller in Q4 2022 was Jackson Square Partners, an estimated $96.4M sold.

Based on aggregated 13F filings for Q4 2022.