300 hedge funds and large institutions have $2.67B invested in Upwork in 2025 Q4 according to their latest regulatory filings, with 76 funds opening new positions, 115 increasing their positions, 85 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more capital invested

Capital invested by funds: $ → $

more ownership

Funds ownership:

9% more funds holding

Funds holding: 274300 (+26)

6% less call options, than puts

Call options by funds: $37.7M | Put options by funds: $39.9M

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
300
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$37.7M
Puts
$39.9M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
US Bancorp
101
US Bancorp
Minnesota
$1.41M
MIM
102
MetLife Investment Management
New Jersey
$1.39M
Stifel Financial
103
Stifel Financial
Missouri
$1.38M
IMRF
104
Illinois Municipal Retirement Fund
Illinois
$1.37M
EMPI
105
Elo Mutual Pension Insurance
Finland
$1.34M
BNP Paribas Financial Markets
106
BNP Paribas Financial Markets
France
$1.34M
Teacher Retirement System of Texas
107
Teacher Retirement System of Texas
Texas
$1.23M
II
108
Inspire Investing
Idaho
$1.22M
LSERS
109
Louisiana State Employees Retirement System
Louisiana
$1.19M
Grantham, Mayo, Van Otterloo & Co (GMO)
110
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$1.19M
Corient Private Wealth
111
Corient Private Wealth
Florida
$1.15M
Manulife (Manufacturers Life Insurance)
112
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.15M
IIM
113
INTECH Investment Management
Florida
$1.14M
State of Tennessee, Department of Treasury
114
State of Tennessee, Department of Treasury
Tennessee
$1.13M
Mirae Asset Global ETFs Holdings
115
Mirae Asset Global ETFs Holdings
Hong Kong
$1.13M
FPA
116
First Pacific Advisors
California
$1.13M
B
117
Bailard
California
$1.11M
Parallax Volatility Advisers
118
Parallax Volatility Advisers
California
$1.03M
Creative Planning
119
Creative Planning
Kansas
$1.02M
A
120
AlphaQuest
New York
$1.02M
IC
121
IEQ Capital
California
$1.01M
Millennium Management
122
Millennium Management
New York
$1M
Amundi
123
Amundi
France
$987K
Marshall Wace
124
Marshall Wace
United Kingdom
$952K
PEAK6
125
PEAK6
Illinois
$945K