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228 hedge funds and large institutions have $1.39B invested in Upwork in 2022 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 78 increasing their positions, 73 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 31

7% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 73

2% more call options, than puts

Call options by funds: $20.9M | Put options by funds: $20.4M

1% more funds holding

Funds holding: 226228 (+2)

0.11% less ownership

Funds ownership: 78.36%78.25% (-0.11%)

34% less capital invested

Capital invested by funds: $2.1B → $1.39B (-$706M)

64% less funds holding in top 10

Funds holding in top 10: 145 (-9)

Holders
228
Holders Change
+2
Holders Change %
+0.88%
% of All Funds
3.93%
Holding in Top 10
5
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-64.29%
% of All Funds
0.09%
New
35
Increased
78
Reduced
73
Closed
31
Calls
$20.9M
Puts
$20.4M
Net Calls
+$495K
Net Calls Change
+$13.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Commonwealth Equity Services
126
Commonwealth Equity Services
Massachusetts
$506K +$94 +5 +0%
Ameriprise
127
Ameriprise
Minnesota
$487K -$2.67M -142,122 -80%
ACM
128
Aquatic Capital Management
Illinois
$470K +$649K +34,500 New
ASRS
129
Arizona State Retirement System
Arizona
$432K +$8.14K +433 +1%
CCM
130
Chimera Capital Management
New York
$406K +$560K +29,781 New
PL
131
Parkwood LLC
Ohio
$381K +$526K +27,969 New
Ensign Peak Advisors
132
Ensign Peak Advisors
Utah
$364K
Envestnet Asset Management
133
Envestnet Asset Management
Illinois
$321K +$36.1K +1,920 +9%
WG
134
Winton Group
United Kingdom
$314K -$64.8K -3,444 -13%
WP
135
WealthSource Partners
California
$301K +$415K +22,081 New
RJT
136
Raymond James Trust
Florida
$300K +$157K +8,350 +61%
PTC
137
Petrus Trust Company
Texas
$297K +$411K +21,834 New
VRS
138
Virginia Retirement Systems
Virginia
$293K +$404K +21,500 New
Wells Fargo
139
Wells Fargo
California
$286K -$653K -34,737 -62%
CMI
140
Clare Market Investments
Texas
$284K -$176K -9,355 -31%
Handelsbanken Fonder
141
Handelsbanken Fonder
Sweden
$281K
Parallax Volatility Advisers
142
Parallax Volatility Advisers
California
$272K +$195K +10,372 +108%
Canada Life
143
Canada Life
Manitoba, Canada
$272K +$257K +13,686 +216%
FCH
144
Freestone Capital Holdings
Washington
$269K -$60.5K -3,216 -14%
AB
145
Amalgamated Bank
New York
$263K +$5.77K +307 +2%
DAM
146
DLD Asset Management
New York
$257K -$502K -26,720 -59%
JG
147
Jefferies Group
New York
$252K +$348K +18,491 New
Amundi
148
Amundi
France
$244K +$255K +13,585 +476%
FRM
149
Fox Run Management
Connecticut
$243K +$335K +17,810 New
EMG
150
ETF Managers Group
New Jersey
$241K +$333K +17,692 New

UPWK Hedge Fund Activity: Q3 2022 in Review

228 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q3 2022, worth a combined $1.39B — down 34% from $2.1B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new UPWK positions and 31 closed out — a net gain of 4 holders — while 78 added to existing stakes and 73 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $43.5M. The largest seller was T. Rowe Price Associates, cutting an estimated $69.5M.

  • 228 institutional investors held Upwork (UPWK) as of Q3 2022, up from 226 in Q2 2022.
  • Funds reported $1.39B of Upwork stock for Q3 2022, down 34% quarter-over-quarter.
  • 35 funds opened new Upwork positions in Q3 2022 and 31 closed out, a net change of +4 holders.
  • The largest Upwork buyer in Q3 2022 was Janus Henderson Group, an estimated $43.5M added.
  • The largest Upwork seller in Q3 2022 was T. Rowe Price Associates, an estimated $69.5M sold.

Based on aggregated 13F filings for Q3 2022.