274 hedge funds and large institutions have $2.27B invested in Upwork in 2025 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 94 increasing their positions, 96 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more capital invested

Capital invested by funds: $ → $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding in top 10

Funds holding in top 10:

3% more funds holding

Funds holding: 266274 (+8)

2.98% more ownership

Funds ownership: 89.34%92.32% (+3%)

2% less repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 96

Holders
274
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$41.8M
Puts
$26.6M
Net Calls
Net Calls Change

Top Buyers

1 +$30.7M
2 +$26.8M
3 +$19.9M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$13.4M
5
Goldman Sachs
Goldman Sachs
New York
+$13M

Top Sellers

1 -$26.2M
2 -$23.8M
3 -$19.7M
4
Renaissance Technologies
Renaissance Technologies
New York
-$14.6M
5
Verition Fund Management
Verition Fund Management
Connecticut
-$13.7M
Name Holding Trade Value Shares
Change
Change in
Stake
OAC
101
OMERS Administration Corp
Ontario, Canada
$2.14M
AIM
102
AXA Investment Managers
France
$2.08M
HSA
103
Hussman Strategic Advisors
Maryland
$1.95M
FPA
104
First Pacific Advisors
California
$1.95M
CSP
105
Cary Street Partners
Virginia
$1.91M
SEI Investments
106
SEI Investments
Pennsylvania
$1.86M
SBH
107
Segall Bryant & Hamill
Illinois
$1.77M
SG Americas Securities
108
SG Americas Securities
New York
$1.74M
EP
109
Edgestream Partners
New Jersey
$1.73M
Envestnet Asset Management
110
Envestnet Asset Management
Illinois
$1.73M
FRM
111
Fox Run Management
Connecticut
$1.72M
B
112
Bailard
California
$1.67M
PMAM
113
Picton Mahoney Asset Management
Ontario, Canada
$1.65M
Citigroup
114
Citigroup
New York
$1.53M
Stifel Financial
115
Stifel Financial
Missouri
$1.47M
Verition Fund Management
116
Verition Fund Management
Connecticut
$1.47M
Capstone Investment Advisors
117
Capstone Investment Advisors
New York
$1.46M
EMPI
118
Elo Mutual Pension Insurance
Finland
$1.42M
BNP Paribas Financial Markets
119
BNP Paribas Financial Markets
France
$1.42M
Cerity Partners
120
Cerity Partners
New York
$1.41M
MIM
121
MetLife Investment Management
New Jersey
$1.36M
EF
122
Empowered Funds
Pennsylvania
$1.3M
Teacher Retirement System of Texas
123
Teacher Retirement System of Texas
Texas
$1.28M
GCP
124
GSA Capital Partners
United Kingdom
$1.26M
IQI
125
Integrated Quantitative Investments
Washington
$1.19M