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253 hedge funds and large institutions have $1.8B invested in Upwork in 2024 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 81 increasing their positions, 78 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

132% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 28

80% more funds holding in top 10

Funds holding in top 10: 59 (+4)

65% more capital invested

Capital invested by funds: $1.09B → $1.8B (+$711M)

28% more call options, than puts

Call options by funds: $47.6M | Put options by funds: $37.1M

15% more funds holding

Funds holding: 220253 (+33)

3.43% more ownership

Funds ownership: 78.88%82.32% (+3.4%)

4% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 78

Holders
253
Holders Change
+33
Holders Change %
+15%
% of All Funds
3.33%
Holding in Top 10
9
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+80%
% of All Funds
0.12%
New
65
Increased
81
Reduced
78
Closed
28
Calls
$47.6M
Puts
$37.1M
Net Calls
+$10.5M
Net Calls Change
+$7.56M
Name Holding Trade Value Shares
Change
Change in
Stake
MMA
126
Mizuho Markets Americas
New York
$689K +$169K +11,700 +38%
TI
127
Tidal Investments
Wisconsin
$669K +$590K +40,935 New
SCM
128
Semanteon Capital Management
Massachusetts
$667K +$588K +40,801 New
LCM
129
Legato Capital Management
California
$665K -$184K -12,810 -24%
GAM
130
Groupama Asset Management
France
$647K
GEM
131
Global Endowment Management
North Carolina
$634K -$358K -24,886 -39%
State Board of Administration of Florida Retirement System
132
State Board of Administration of Florida Retirement System
Florida
$623K
VOYA Investment Management
133
VOYA Investment Management
Georgia
$617K -$43.8K -3,039 -7%
SGAM
134
Smith Group Asset Management
Texas
$603K +$6.83K +474 +1%
Parallax Volatility Advisers
135
Parallax Volatility Advisers
California
$601K +$16.8K +1,169 +3%
ASRS
136
Arizona State Retirement System
Arizona
$595K -$591 -41 -0.1%
New York State Common Retirement Fund
137
New York State Common Retirement Fund
New York
$575K
ProShare Advisors
138
ProShare Advisors
Maryland
$574K +$166K +11,553 +49%
CSS
139
Cubist Systematic Strategies
Connecticut
$573K -$3.05M -211,490 -86%
AA
140
ALPS Advisors
Colorado
$570K -$7.2K -500 -1%
SFG
141
Synergy Financial Group
California
$553K
ACM
142
Aquatic Capital Management
Illinois
$545K +$472K +32,739 +5,457%
Zurich Cantonal Bank
143
Zurich Cantonal Bank
Switzerland
$545K +$96.2K +6,677 +25%
WPC
144
Wedmont Private Capital
Pennsylvania
$544K +$501K +34,800 New
SG
145
Straightline Group
Michigan
$534K +$470K +32,645 New
Handelsbanken Fonder
146
Handelsbanken Fonder
Sweden
$515K -$125K -8,700 -22%
FRM
147
Fox Run Management
Connecticut
$497K -$155K -10,740 -26%
Creative Planning
148
Creative Planning
Kansas
$469K +$127K +8,804 +44%
I
149
InceptionR
California
$456K +$402K +27,917 New
CMF
150
Counterpoint Mutual Funds
California
$456K +$402K +27,915 New

UPWK Hedge Fund Activity: Q4 2024 in Review

253 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2024, worth a combined $1.8B — up 65% from $1.09B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new UPWK positions and 28 closed out — a net gain of 37 holders — while 81 added to existing stakes and 78 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $76.2M. The largest seller was Engine Capital Management, cutting an estimated $67.8M.

  • 253 institutional investors held Upwork (UPWK) as of Q4 2024, up from 220 in Q3 2024.
  • Funds reported $1.8B of Upwork stock for Q4 2024, up 65% quarter-over-quarter.
  • 65 funds opened new Upwork positions in Q4 2024 and 28 closed out, a net change of +37 holders.
  • The largest Upwork buyer in Q4 2024 was T. Rowe Price Associates, an estimated $76.2M added.
  • The largest Upwork seller in Q4 2024 was Engine Capital Management, an estimated $67.8M sold.

Based on aggregated 13F filings for Q4 2024.