We are live on ! Find out more
UPWK icon

Upwork
UPWK

249 hedge funds and large institutions have $1.12B invested in Upwork in 2024 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 93 increasing their positions, 79 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 79

4.59% more ownership

Funds ownership: 73.69% → 78.28% (+4.6%)

6% more call options, than puts

Call options by funds: $20.3M | Put options by funds: $19.2M

5% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 43

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0% less funds holding

Funds holding: 250 → 249 (-1)

10% less capital invested

Capital invested by funds: $1.24B → $1.12B (-$126M)

Holders
249
Holders Change
-1
Holders Change %
-0.4%
% of All Funds
3.6%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
45
Increased
93
Reduced
79
Closed
43
Calls
$20.3M
Puts
$19.2M
Net Calls
+$1.09M
Net Calls Change
+$3.35M

Top Buyers

1
AA
Ancient Art
Texas
+$24M
2
Allianz Asset Management
Allianz Asset Management
Germany
+$23.6M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$21.8M
4
ICM
Invenomic Capital Management
Massachusetts
+$12.6M
5
DSCM
Divisadero Street Capital Management
Florida
+$9.33M

Top Sellers

1
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
-$19M
2
Goldman Sachs
Goldman Sachs
New York
-$18.1M
3
Citadel Advisors
Citadel Advisors
Florida
-$15.5M
4
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$9.43M
5
Two Sigma Investments
Two Sigma Investments
New York
-$8.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
SPA
101
Sherbrooke Park Advisers
New York
$1.02M +$285K +25,119 +36%
B
102
Bailard
California
$983K – – –
Teacher Retirement System of Texas
103
Teacher Retirement System of Texas
Texas
$935K +$96.4K +8,497 +11%
CC
104
Centiva Capital
New York
$933K +$985K +86,827 New
Wells Fargo
105
Wells Fargo
California
$883K +$118K +10,409 +15%
BHCM
106
Brevan Howard Capital Management
Jersey
$867K +$717K +63,178 +361%
Marshall Wace
107
Marshall Wace
United Kingdom
$834K +$880K +77,584 New
HighTower Advisors
108
HighTower Advisors
Illinois
$825K -$78.4K -6,913 -8%
MIM
109
MetLife Investment Management
New Jersey
$777K +$88.6K +7,811 +12%
Amundi
110
Amundi
France
$756K -$241K -21,238 -24%
VI
111
Versor Investments
New York
$746K +$635K +56,001 +418%
CF
112
Corebridge Financial
Texas
$720K +$760K +67,017 New
Manulife (Manufacturers Life Insurance)
113
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$718K +$23.4K +2,063 +3%
Thrivent Financial for Lutherans
114
Thrivent Financial for Lutherans
Minnesota
$706K -$598K -52,742 -45%
Stifel Financial
115
Stifel Financial
Missouri
$693K +$333K +29,392 +84%
GEM
116
Global Endowment Management
North Carolina
$690K +$206K +18,160 +39%
Mirae Asset Global ETFs Holdings
117
Mirae Asset Global ETFs Holdings
Hong Kong
$682K +$720K +63,453 New
HCA
118
Harbor Capital Advisors
Illinois
$636K +$111K +9,787 +20%
DB
119
Danske Bank
Denmark
$614K -$94.8K -8,353 -13%
US Bancorp
120
US Bancorp
Minnesota
$579K -$75.4K -6,648 -11%
LCM
121
Legato Capital Management
California
$575K +$607K +53,485 New
DFCM
122
Dark Forest Capital Management
Puerto Rico
$565K +$75.9K +6,692 +15%
Janus Henderson Group
123
Janus Henderson Group
United Kingdom
$543K -$7.06K -622 -1%
MMA
124
Mizuho Markets Americas
New York
$542K -$113K -10,000 -17%
QT
125
Quantbot Technologies
New York
$539K +$137K +12,115 +32%
3 4
5
6 7

UPWK Hedge Fund Activity: Q2 2024 in Review

249 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q2 2024, worth a combined $1.12B — down 10% from $1.24B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new UPWK positions and 43 closed out — a net gain of 2 holders — while 93 added to existing stakes and 79 trimmed.

The largest buyer was Ancient Art, adding an estimated $24M. The largest seller was Fuller & Thaler Asset Management, exiting entirely with an estimated $19M sold.

  • 249 institutional investors held Upwork (UPWK) as of Q2 2024, down from 250 in Q1 2024.
  • Funds reported $1.12B of Upwork stock for Q2 2024, down 10% quarter-over-quarter.
  • 45 funds opened new Upwork positions in Q2 2024 and 43 closed out, a net change of +2 holders.
  • The largest Upwork buyer in Q2 2024 was Ancient Art, an estimated $24M added.
  • The largest Upwork seller in Q2 2024 was Fuller & Thaler Asset Management, an estimated $19M sold.

Based on aggregated 13F filings for Q2 2024.