264 hedge funds and large institutions have $1.58B invested in Upwork in 2025 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 103 increasing their positions, 83 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more ownership

Funds ownership:

more capital invested

Capital invested by funds: $ → $

more funds holding in top 10

Funds holding in top 10:

10% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 51

3% less funds holding

Funds holding: 272264 (-8)

31% less call options, than puts

Call options by funds: $12.8M | Put options by funds: $18.5M

Holders
264
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$12.8M
Puts
$18.5M
Net Calls
Net Calls Change

Top Buyers

1 +$21.8M
2 +$15.9M
3 +$15.6M
4
Millennium Management
Millennium Management
New York
+$14.9M
5
Jane Street
Jane Street
New York
+$13.4M
Name Holding Trade Value Shares
Change
Change in
Stake
XT
126
XTX Topco
Cayman Islands
$769K
Amundi
127
Amundi
France
$738K
BCM
128
Bayesian Capital Management
New York
$717K
Jennison Associates
129
Jennison Associates
New York
$712K
CP
130
CenterBook Partners
Connecticut
$663K
GAM
131
Groupama Asset Management
France
$661K
AG
132
Algert Global
California
$655K
FRM
133
Fox Run Management
Connecticut
$619K
ACP
134
Aviance Capital Partners
Florida
$619K
Canada Life
135
Canada Life
Manitoba, Canada
$614K
HSBC Holdings
136
HSBC Holdings
United Kingdom
$607K
Lazard Asset Management
137
Lazard Asset Management
New York
$591K
SO
138
STRS Ohio
Ohio
$564K
Zurich Cantonal Bank
139
Zurich Cantonal Bank
Switzerland
$544K
LCM
140
Legato Capital Management
California
$540K
SRL
141
Scientech Research LLC
New Jersey
$538K
AssetMark Inc
142
AssetMark Inc
California
$533K
BNP Paribas Financial Markets
143
BNP Paribas Financial Markets
France
$521K
State Board of Administration of Florida Retirement System
144
State Board of Administration of Florida Retirement System
Florida
$512K
ASRS
145
Arizona State Retirement System
Arizona
$505K
SG
146
Straightline Group
Michigan
$499K
SGAM
147
Smith Group Asset Management
Texas
$496K
BCI
148
Brinker Capital Investments
Pennsylvania
$481K
VOYA Investment Management
149
VOYA Investment Management
Georgia
$459K
Parallax Volatility Advisers
150
Parallax Volatility Advisers
California
$451K