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218 hedge funds and large institutions have $1.02B invested in Upwork in 2022 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 83 increasing their positions, 67 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more call options, than puts

Call options by funds: $22M | Put options by funds: $9.82M

24% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 67

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

3.96% less ownership

Funds ownership: 78.25%74.29% (-4%)

4% less funds holding

Funds holding: 228218 (-10)

13% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 38

27% less capital invested

Capital invested by funds: $1.39B → $1.02B (-$371M)

Holders
218
Holders Change
-10
Holders Change %
-4.39%
% of All Funds
3.5%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.08%
New
33
Increased
83
Reduced
67
Closed
38
Calls
$22M
Puts
$9.82M
Net Calls
+$12.1M
Net Calls Change
+$11.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Los Angeles Capital Management
126
Los Angeles Capital Management
California
$234K +$276K +22,399 New
Parallax Volatility Advisers
127
Parallax Volatility Advisers
California
$227K +$21.8K +1,767 +9%
VRS
128
Virginia Retirement Systems
Virginia
$215K -$11.1K -900 -4%
Handelsbanken Fonder
129
Handelsbanken Fonder
Sweden
$215K
AC
130
Aristides Capital
Kentucky
$213K +$252K +20,399 New
AB
131
Amalgamated Bank
New York
$207K +$6.63K +537 +3%
WP
132
Woodline Partners
California
$198K +$235K +19,010 New
FCH
133
Freestone Capital Holdings
Washington
$191K -$18K -1,460 -7%
KCMH
134
Keywise Capital Management (HK)
Hong Kong
$179K +$211K +17,100 New
Wells Fargo
135
Wells Fargo
California
$178K -$48.6K -3,939 -19%
CI
136
Clal Insurance
Israel
$167K
Zurich Cantonal Bank
137
Zurich Cantonal Bank
Switzerland
$166K +$6.24K +506 +3%
ProShare Advisors
138
ProShare Advisors
Maryland
$163K +$29.8K +2,412 +18%
Amundi
139
Amundi
France
$152K -$50.2K -4,068 -25%
Principal Financial Group
140
Principal Financial Group
Iowa
$152K -$36.2K -2,938 -17%
WWP
141
Waypoint Wealth Partners
California
$151K
CMI
142
Clare Market Investments
Texas
$149K -$81.4K -6,600 -32%
FCAG
143
First Capital Advisors Group
New Jersey
$146K -$2.46K -199 -1%
BFM
144
Boothbay Fund Management
New York
$141K -$29.6K -2,398 -15%
Public Employees Retirement Association of Colorado
145
Public Employees Retirement Association of Colorado
Colorado
$139K
CGH
146
Crossmark Global Holdings
Texas
$139K +$7.32K +593 +5%
Teacher Retirement System of Texas
147
Teacher Retirement System of Texas
Texas
$137K -$44.6K -3,615 -22%
TI
148
Tidal Investments
Wisconsin
$136K +$22.6K +1,829 +16%
Victory Capital Management
149
Victory Capital Management
Texas
$135K -$86 -7 -0.1%
HighTower Advisors
150
HighTower Advisors
Illinois
$132K +$156K +12,643 New

UPWK Hedge Fund Activity: Q4 2022 in Review

218 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2022, worth a combined $1.02B — down 27% from $1.39B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of UPWK and 33 opened new positions — a net loss of 5 holders — while 67 trimmed existing stakes and 83 added.

The largest buyer was Capital International Investors, adding an estimated $66.1M. The largest seller was Jackson Square Partners, exiting entirely with an estimated $96.4M sold.

  • 218 institutional investors held Upwork (UPWK) as of Q4 2022, down from 228 in Q3 2022.
  • Funds reported $1.02B of Upwork stock for Q4 2022, down 27% quarter-over-quarter.
  • 33 funds opened new Upwork positions in Q4 2022 and 38 closed out, a net change of -5 holders.
  • The largest Upwork buyer in Q4 2022 was Capital International Investors, an estimated $66.1M added.
  • The largest Upwork seller in Q4 2022 was Jackson Square Partners, an estimated $96.4M sold.

Based on aggregated 13F filings for Q4 2022.