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253 hedge funds and large institutions have $1.8B invested in Upwork in 2024 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 81 increasing their positions, 78 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

132% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 28

80% more funds holding in top 10

Funds holding in top 10: 59 (+4)

65% more capital invested

Capital invested by funds: $1.09B → $1.8B (+$711M)

28% more call options, than puts

Call options by funds: $47.6M | Put options by funds: $37.1M

15% more funds holding

Funds holding: 220253 (+33)

3.43% more ownership

Funds ownership: 78.88%82.32% (+3.4%)

4% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 78

Holders
253
Holders Change
+33
Holders Change %
+15%
% of All Funds
3.33%
Holding in Top 10
9
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+80%
% of All Funds
0.12%
New
65
Increased
81
Reduced
78
Closed
28
Calls
$47.6M
Puts
$37.1M
Net Calls
+$10.5M
Net Calls Change
+$7.56M
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
101
LPL Financial
California
$1.17M +$1.03M +71,842 New
Mirae Asset Global ETFs Holdings
102
Mirae Asset Global ETFs Holdings
Hong Kong
$1.16M +$38.8K +2,695 +4%
GCP
103
GSA Capital Partners
United Kingdom
$1.15M +$1.01M +70,220 New
Bank of America
104
Bank of America
North Carolina
$1.13M -$3.47M -240,915 -78%
ECM
105
ExodusPoint Capital Management
New York
$1.13M +$992K +68,902 New
Manulife (Manufacturers Life Insurance)
106
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.11M +$30.9K +2,148 +3%
Schroder Investment Management Group
107
Schroder Investment Management Group
United Kingdom
$1.1M +$950K +65,928 New
Wells Fargo
108
Wells Fargo
California
$1.08M +$51K +3,543 +6%
Los Angeles Capital Management
109
Los Angeles Capital Management
California
$1.07M -$600K -41,687 -39%
BA
110
Bristlecone Advisors
Washington
$1.06M +$333K +23,090 +55%
Connor, Clark & Lunn Investment Management (CC&L)
111
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.05M -$477K -33,135 -34%
Cerity Partners
112
Cerity Partners
New York
$1.03M -$864K -60,011 -49%
BCM
113
Bayesian Capital Management
New York
$1.02M +$898K +62,345 New
CF
114
Corebridge Financial
Texas
$1.01M -$67.3K -4,675 -7%
SA
115
Sanctuary Advisors
Indiana
$996K +$895K +62,164 New
Janus Henderson Group
116
Janus Henderson Group
United Kingdom
$965K -$130K -9,000 -13%
American Century Companies
117
American Century Companies
Missouri
$950K +$50.3K +3,491 +6%
HCA
118
Harbor Capital Advisors
Illinois
$938K -$117K -8,137 -12%
IIM
119
INTECH Investment Management
Florida
$935K +$271K +18,801 +49%
BAM
120
Bosun Asset Management
Illinois
$884K +$778K +54,043 New
IQI
121
Integrated Quantitative Investments
Washington
$861K +$758K +52,661 New
Raymond James Financial
122
Raymond James Financial
Florida
$812K +$715K +49,636 New
SFI
123
Susquehanna Fundamental Investments
Pennsylvania
$806K +$710K +49,272 New
GCM
124
Graham Capital Management
Connecticut
$776K +$684K +47,460 New
Canada Life
125
Canada Life
Manitoba, Canada
$744K

UPWK Hedge Fund Activity: Q4 2024 in Review

253 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2024, worth a combined $1.8B — up 65% from $1.09B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new UPWK positions and 28 closed out — a net gain of 37 holders — while 81 added to existing stakes and 78 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $76.2M. The largest seller was Engine Capital Management, cutting an estimated $67.8M.

  • 253 institutional investors held Upwork (UPWK) as of Q4 2024, up from 220 in Q3 2024.
  • Funds reported $1.8B of Upwork stock for Q4 2024, up 65% quarter-over-quarter.
  • 65 funds opened new Upwork positions in Q4 2024 and 28 closed out, a net change of +37 holders.
  • The largest Upwork buyer in Q4 2024 was T. Rowe Price Associates, an estimated $76.2M added.
  • The largest Upwork seller in Q4 2024 was Engine Capital Management, an estimated $67.8M sold.

Based on aggregated 13F filings for Q4 2024.