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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
Commonwealth Equity Services
151
Commonwealth Equity Services
Massachusetts
$452K -$29.4K -2,041 -7%
PFSRSONJ
152
Police & Firemen's Retirement System of New Jersey
New Jersey
$450K +$396K +27,496 New
ADIM
153
Alpha DNA Investment Management
Maryland
$446K +$393K +27,269 New
State of Wisconsin Investment Board
154
State of Wisconsin Investment Board
Wisconsin
$432K -$255K -17,711 -40%
XT
155
XTX Topco
Cayman Islands
$430K -$493K -34,217 -57%
US Bancorp
156
US Bancorp
Minnesota
$422K -$18.7K -1,296 -5%
MFIM
157
Mesirow Financial Investment Management
Illinois
$421K +$4.23K +294 +1%
KK
158
KLP Kapitalforvaltning
Norway
$419K +$369K +25,600 New
OBWP
159
O'Brien Wealth Partners
Massachusetts
$385K -$101K -6,993 -23%
Focus Partners Wealth
160
Focus Partners Wealth
Massachusetts
$377K +$332K +23,046 New
JFG
161
Jefferies Financial Group
New York
$363K +$320K +22,184 New
CANY
162
Caxton Associates (New York)
New York
$354K +$312K +21,658 New
LOAMU
163
Lombard Odier Asset Management (USA)
New York
$347K +$306K +21,231 New
PA
164
PharVision Advisers
Florida
$345K +$304K +21,074 New
YIH
165
Y-Intercept (HK)
Hong Kong
$329K -$200K -13,894 -41%
Cambridge Investment Research Advisors
166
Cambridge Investment Research Advisors
Iowa
$324K +$286K +19,831 New
PTC
167
Petrus Trust Company
Texas
$324K +$285K +19,811 New
CC
168
Corton Capital
Ontario, Canada
$319K +$281K +19,513 New
Pictet Asset Management
169
Pictet Asset Management
Switzerland
$310K
CIP
170
Cornerstone Investment Partners
Georgia
$276K -$2.55K -177 -1%
SIP
171
Stoneridge Investment Partners
Pennsylvania
$271K +$39.5K +2,744 +20%
QOP
172
Quinn Opportunity Partners
Virginia
$245K +$216K +15,000 New
HSBC Holdings
173
HSBC Holdings
United Kingdom
$240K -$2.03M -140,743 -91%
BAM
174
Blueshift Asset Management
New Jersey
$234K +$206K +14,337 New
EI
175
Ethic Inc
New York
$229K +$202K +14,025 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.