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
Zurich Cantonal Bank
126
Zurich Cantonal Bank
Switzerland
$926K
ACP
127
Aviance Capital Partners
Florida
$922K
IQI
128
Integrated Quantitative Investments
Washington
$919K
LCM
129
Legato Capital Management
California
$873K
SG
130
Straightline Group
Michigan
$867K
CIP
131
Convergence Investment Partners
Florida
$866K
Polen Capital Management
132
Polen Capital Management
Florida
$854K
HSA
133
Hussman Strategic Advisors
Maryland
$832K
PMAM
134
Picton Mahoney Asset Management
Ontario, Canada
$821K
JF
135
Jump Financial
Illinois
$801K
SGAM
136
Smith Group Asset Management
Texas
$772K
Los Angeles Capital Management
137
Los Angeles Capital Management
California
$763K
State Board of Administration of Florida Retirement System
138
State Board of Administration of Florida Retirement System
Florida
$755K
AssetMark Inc
139
AssetMark Inc
California
$749K
AB
140
Amalgamated Bank
New York
$748K
Mercer Global Advisors
141
Mercer Global Advisors
Colorado
$728K
HCA
142
Harbor Capital Advisors
Illinois
$698K
BHCM
143
Brevan Howard Capital Management
Jersey
$696K
ASRS
144
Arizona State Retirement System
Arizona
$693K
YCM
145
Yousif Capital Management
Michigan
$689K
Walleye Trading
146
Walleye Trading
New York
$686K
PFSRSONJ
147
Police & Firemen's Retirement System of New Jersey
New Jersey
$675K
Allspring Global Investments
148
Allspring Global Investments
North Carolina
$671K
Lazard Asset Management
149
Lazard Asset Management
New York
$671K
GC
150
Guggenheim Capital
Illinois
$648K