Upwork
UPWK
181 hedge funds and large institutions have $1.33B invested in Upwork in 2020 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 58 increasing their positions, 55 reducing their positions, and 27 closing their positions.
101% more call options, than puts
Call options by funds: $23.1M | Put options by funds: $11.5M
67% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 27
25% more capital invested
Capital invested by funds: $1.07B → $1.33B (+$265M)
11% more funds holding
Funds holding: 163 → 181 (+18)
5% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 55
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
0.5% less ownership
Funds ownership: 64.33% → 63.82% (-0.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$36.8M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$35.3M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$22.8M |
| 4 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
+$17.6M |
| 5 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
+$14.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$39.9M |
| 2 |
Millennium Management
New York
|
-$14.5M |
| 3 |
Two Sigma Advisers
New York
|
-$10.2M |
| 4 |
Goldman Sachs
New York
|
-$9.92M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$8.68M |
UPWK Hedge Fund Activity: Q3 2020 in Review
181 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q3 2020, worth a combined $1.33B — up 25% from $1.07B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new UPWK positions and 27 closed out — a net gain of 18 holders — while 58 added to existing stakes and 55 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $36.8M. The largest seller was Capital International Investors, cutting an estimated $39.9M.
- 181 institutional investors held Upwork (UPWK) as of Q3 2020, up from 163 in Q2 2020.
- Funds reported $1.33B of Upwork stock for Q3 2020, up 25% quarter-over-quarter.
- 45 funds opened new Upwork positions in Q3 2020 and 27 closed out, a net change of +18 holders.
- The largest Upwork buyer in Q3 2020 was Fidelity Investments, an estimated $36.8M added.
- The largest Upwork seller in Q3 2020 was Capital International Investors, an estimated $39.9M sold.
Based on aggregated 13F filings for Q3 2020.