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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
Principal Financial Group
151
Principal Financial Group
Iowa
$238K -$21.6K -1,149 -6%
Teacher Retirement System of Texas
152
Teacher Retirement System of Texas
Texas
$227K -$19K -1,008 -6%
CI
153
Clal Insurance
Israel
$217K
BFM
154
Boothbay Fund Management
New York
$216K +$47.5K +2,525 +19%
PHK
155
Point72 Hong Kong
Hong Kong
$215K +$297K +15,787 New
TRCT
156
Tower Research Capital (TRC)
New York
$211K +$93.4K +4,966 +47%
Zurich Cantonal Bank
157
Zurich Cantonal Bank
Switzerland
$209K
Qube Research & Technologies (QRT)
158
Qube Research & Technologies (QRT)
United Kingdom
$206K +$285K +15,143 New
JGC
159
J. Goldman & Co
New York
$205K +$283K +15,075 New
XT
160
XTX Topco
Cayman Islands
$198K +$273K +14,512 New
WWP
161
Waypoint Wealth Partners
California
$197K
AIM
162
Aigen Investment Management
New York
$197K +$272K +14,490 New
FCAG
163
First Capital Advisors Group
New Jersey
$193K +$266K +14,153 New
Public Employees Retirement Association of Colorado
164
Public Employees Retirement Association of Colorado
Colorado
$182K
ProShare Advisors
165
ProShare Advisors
Maryland
$180K -$11.6K -618 -4%
Victory Capital Management
166
Victory Capital Management
Texas
$176K -$55.5K -2,951 -19%
CGH
167
Crossmark Global Holdings
Texas
$174K -$7.24K -385 -3%
RC
168
RBF Capital
California
$162K +$223K +11,876 New
SWM
169
SeaCrest Wealth Management
New York
$153K
TI
170
Tidal Investments
Wisconsin
$152K -$19.1K -1,016 -8%
GW
171
GW & Wade
Massachusetts
$146K
LIP
172
Liontrust Investment Partners
United Kingdom
$136K
AIP
173
Ameritas Investment Partners
Nebraska
$124K
ELI
174
Empire Life Investments
Ontario, Canada
$122K +$1.86K +99 +1%
MLICM
175
Metropolitan Life Insurance Company (MetLife)
New York
$97.8K

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.