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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
PCM
176
Prelude Capital Management
New York
$229K -$104K -7,188 -34%
Public Employees Retirement Association of Colorado
177
Public Employees Retirement Association of Colorado
Colorado
$218K
AIP
178
Ameritas Investment Partners
Nebraska
$212K
SPA
179
Sherbrooke Park Advisers
New York
$211K -$64.1K -4,451 -26%
CWM
180
CIBC World Markets
New York
$191K +$168K +11,657 New
OR
181
Olympiad Research
Connecticut
$188K -$121K -8,393 -42%
New York State Teachers Retirement System (NYSTRS)
182
New York State Teachers Retirement System (NYSTRS)
New York
$185K -$2.04K -142 -1%
State of Tennessee, Department of Treasury
183
State of Tennessee, Department of Treasury
Tennessee
$180K +$159K +11,022 New
Principal Financial Group
184
Principal Financial Group
Iowa
$175K -$13.5K -934 -8%
SOW
185
State of Wyoming
Wyoming
$172K -$57.9K -4,020 -28%
OQS
186
Occudo Quantitative Strategies
Florida
$172K -$18.2K -1,261 -11%
SWM
187
SeaCrest Wealth Management
New York
$164K
BC
188
Bayforest Capital
United Kingdom
$156K +$138K +9,552 New
Skandinaviska Enskilda Banken (SEB)
189
Skandinaviska Enskilda Banken (SEB)
Sweden
$144K
A
190
AlphaQuest
New York
$137K -$288 -20 -0.2%
SAM
191
Shell Asset Management
Netherlands
$125K
Walleye Trading
192
Walleye Trading
New York
$114K +$101K +6,979 New
KBC Group
193
KBC Group
Belgium
$109K +$27.4K +1,899 +40%
Carson Wealth (CWM LLC)
194
Carson Wealth (CWM LLC)
Nebraska
$103K +$5.56K +386 +7%
FMP
195
Financial Management Professionals
Texas
$97K +$85.4K +5,931 New
HI
196
Harbour Investments
Wisconsin
$88.4K +$706 +49 +0.9%
QL
197
Quarry LP
New York
$85.5K -$14K -973 -16%
SS
198
SBI Securities
Japan
$83.8K +$73.8K +5,124 New
NL
199
NKCFO LLC
Illinois
$82K +$72.6K +5,040 New
AB
200
Amalgamated Bank
New York
$72K

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.