271 hedge funds and large institutions have $2.27B invested in Upwork in 2025 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 92 increasing their positions, 96 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more capital invested

Capital invested by funds: $ → $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding in top 10

Funds holding in top 10:

2.68% more ownership

Funds ownership: 89.33%92.01% (+2.7%)

2% more funds holding

Funds holding: 265271 (+6)

4% less repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 96

Holders
271
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$41.8M
Puts
$26.6M
Net Calls
Net Calls Change

Top Buyers

1 +$38.1M
2 +$33.4M
3 +$24.8M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$16.7M
5
Goldman Sachs
Goldman Sachs
New York
+$16.2M

Top Sellers

1 -$33.9M
2 -$29.7M
3 -$24.6M
4
Renaissance Technologies
Renaissance Technologies
New York
-$18.3M
5
Verition Fund Management
Verition Fund Management
Connecticut
-$17.1M
Name Holding Trade Value Shares
Change
Change in
Stake
YMRC
176
Yorktown Management & Research Company
Virginia
$407K
SCM
177
Sterling Capital Management
North Carolina
$403K
ProShare Advisors
178
ProShare Advisors
Maryland
$391K
GCM
179
Graham Capital Management
Connecticut
$372K
LPL Financial
180
LPL Financial
California
$368K
VI
181
Versor Investments
New York
$355K
Pictet Asset Management
182
Pictet Asset Management
Switzerland
$331K
Cetera Investment Advisers
183
Cetera Investment Advisers
Illinois
$312K
Russell Investments Group
184
Russell Investments Group
United Kingdom
$291K
QCM
185
Quantinno Capital Management
New York
$280K
CIP
186
Cornerstone Investment Partners
Georgia
$268K
Thrivent Financial for Lutherans
187
Thrivent Financial for Lutherans
Minnesota
$268K
Wolverine Trading
188
Wolverine Trading
Illinois
$266K
PAS
189
Point72 Asia (Singapore)
Singapore
$262K
CM
190
Caption Management
Oklahoma
$254K
EI
191
Ethic Inc
New York
$249K
Public Employees Retirement Association of Colorado
192
Public Employees Retirement Association of Colorado
Colorado
$248K
DS
193
DRW Securities
Illinois
$244K
CBU
194
CIBC Bancorp USA
Illinois
$244K
XT
195
XTX Topco
Cayman Islands
$241K
Fidelity Investments
196
Fidelity Investments
Massachusetts
$231K
ACM
197
Aster Capital Management
United Arab Emirates
$213K
Polen Capital Management
198
Polen Capital Management
Florida
$211K
New York State Teachers Retirement System (NYSTRS)
199
New York State Teachers Retirement System (NYSTRS)
New York
$210K
CA
200
Cache Advisors
California
$204K