300 hedge funds and large institutions have $2.67B invested in Upwork in 2025 Q4 according to their latest regulatory filings, with 76 funds opening new positions, 115 increasing their positions, 85 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more capital invested

Capital invested by funds: $ → $

more ownership

Funds ownership:

9% more funds holding

Funds holding: 274300 (+26)

6% less call options, than puts

Call options by funds: $37.7M | Put options by funds: $39.9M

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
300
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$37.7M
Puts
$39.9M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Pictet Asset Management
176
Pictet Asset Management
Switzerland
$409K
Carson Wealth (CWM LLC)
177
Carson Wealth (CWM LLC)
Nebraska
$405K
QCM
178
Quantinno Capital Management
New York
$405K
Mariner
179
Mariner
Kansas
$397K
NC
180
nVerses Capital
Florida
$381K
Simplex Trading
181
Simplex Trading
Illinois
$380K
MSRPS
182
Maryland State Retirement & Pension System
Maryland
$378K
LCM
183
Landscape Capital Management
New Jersey
$369K
EPW
184
Evolve Private Wealth
California
$363K
SRL
185
Scientech Research LLC
New Jersey
$341K
EP
186
Edgestream Partners
New Jersey
$331K
Cetera Investment Advisers
187
Cetera Investment Advisers
Illinois
$331K
MML Investors Services
188
MML Investors Services
Massachusetts
$310K
CM
189
Capula Management
Cayman Islands
$301K
MOACM
190
Mutual of America Capital Management
New York
$296K
Wealth Enhancement Advisory Services
191
Wealth Enhancement Advisory Services
Minnesota
$296K
SLAM
192
Swiss Life Asset Management
$292K
Russell Investments Group
193
Russell Investments Group
United Kingdom
$291K
CIP
194
Cornerstone Investment Partners
Georgia
$287K
MWM
195
Mindset Wealth Management
Indiana
$276K
MP
196
Mangrove Partners
Connecticut
$275K
N
197
Numerai
California
$273K
Public Employees Retirement Association of Colorado
198
Public Employees Retirement Association of Colorado
Colorado
$265K
Susquehanna International Group
199
Susquehanna International Group
Pennsylvania
$262K
Canada Pension Plan Investment Board
200
Canada Pension Plan Investment Board
Ontario, Canada
$254K