274 hedge funds and large institutions have $1.53B invested in Upwork in 2025 Q1 according to their latest regulatory filings, with 73 funds opening new positions, 77 increasing their positions, 84 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding

Funds holding:

more ownership

Funds ownership:

less repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

15% less capital invested

Capital invested by funds: $1.79B → $1.53B (-$265M)

35% less call options, than puts

Call options by funds: $14.8M | Put options by funds: $22.8M

56% less funds holding in top 10

Funds holding in top 10: 94 (-5)

Holders
274
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$14.8M
Puts
$22.8M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
176
$203K
177
$200K
178
$196K
179
$194K
180
$194K
181
$188K
182
$178K
183
$174K
184
$170K
185
$169K
186
$166K
187
$166K
188
$156K
189
$148K
190
$148K
191
$145K
192
$144K
193
$142K
194
$142K
195
$141K
196
$141K
197
$140K
198
$139K
199
$131K
200
$131K