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228 hedge funds and large institutions have $1.39B invested in Upwork in 2022 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 78 increasing their positions, 73 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 31

7% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 73

2% more call options, than puts

Call options by funds: $20.9M | Put options by funds: $20.4M

1% more funds holding

Funds holding: 226228 (+2)

0.11% less ownership

Funds ownership: 78.36%78.25% (-0.11%)

34% less capital invested

Capital invested by funds: $2.1B → $1.39B (-$706M)

64% less funds holding in top 10

Funds holding in top 10: 145 (-9)

Holders
228
Holders Change
+2
Holders Change %
+0.88%
% of All Funds
3.93%
Holding in Top 10
5
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-64.29%
% of All Funds
0.09%
New
35
Increased
78
Reduced
73
Closed
31
Calls
$20.9M
Puts
$20.4M
Net Calls
+$495K
Net Calls Change
+$13.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Russell Investments Group
201
Russell Investments Group
United Kingdom
$5K -$664K -35,332 -99%
CA
202
Clearstead Advisors
Ohio
$5K
IA
203
IFP Advisors
Florida
$5K +$1.39K +74 +59%
PA
204
Parallel Advisors
California
$4K -$602 -32 -10%
CWM
205
Castle Wealth Management
Florida
$4K
MHR
206
Matthew Hamilton Rosenberg
$4K
PNC Financial Services Group
207
PNC Financial Services Group
Pennsylvania
$3K -$376K -20,000 -99%
FF
208
FourThought Financial
Florida
$3K -$940 -50 -18%
HFS
209
Hantz Financial Services
Michigan
$3K
DFCM
210
Dark Forest Capital Management
Puerto Rico
$2K +$2.29K +122 New
EI
211
Ellevest Inc
New York
$2K +$2.61K +139 New
Bank of Montreal
212
Bank of Montreal
Ontario, Canada
$1.5K -$929K -49,398 -32%
EC
213
Elequin Capital
New York
$1K -$2.97K -158 -67%
Carson Wealth (CWM LLC)
214
Carson Wealth (CWM LLC)
Nebraska
$1K -$508 -27 -35%
MCM
215
Manchester Capital Management
Vermont
$1K -$301 -16 -16%
AWM
216
Accel Wealth Management
Iowa
$1K
SSB
217
Sandy Spring Bank
Maryland
$1K +$1.88K +100 New
FGAM
218
Financial Gravity Asset Management
Texas
$433 -$840K -44,664 -58%
XL
219
XN LP
New York
-$24.5M -1,182,865 Closed
KLC
220
Kent Lake Capital
Nevada
-$10.3M -500,000 Closed
PCM
221
Penn Capital Management
Pennsylvania
-$6.21M -300,219 Closed
BAM
222
Blueshift Asset Management
New Jersey
-$2.75M -132,753 Closed
ARAM
223
Ardmore Road Asset Management
New York
-$2.07M -100,000 Closed
SLG
224
Stanley-Laman Group
Pennsylvania
-$1.37M -66,283 Closed
BNP Paribas Financial Markets
225
BNP Paribas Financial Markets
France
-$993K -48,031 Closed

UPWK Hedge Fund Activity: Q3 2022 in Review

228 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q3 2022, worth a combined $1.39B — down 34% from $2.1B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new UPWK positions and 31 closed out — a net gain of 4 holders — while 78 added to existing stakes and 73 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $43.5M. The largest seller was T. Rowe Price Associates, cutting an estimated $69.5M.

  • 228 institutional investors held Upwork (UPWK) as of Q3 2022, up from 226 in Q2 2022.
  • Funds reported $1.39B of Upwork stock for Q3 2022, down 34% quarter-over-quarter.
  • 35 funds opened new Upwork positions in Q3 2022 and 31 closed out, a net change of +4 holders.
  • The largest Upwork buyer in Q3 2022 was Janus Henderson Group, an estimated $43.5M added.
  • The largest Upwork seller in Q3 2022 was T. Rowe Price Associates, an estimated $69.5M sold.

Based on aggregated 13F filings for Q3 2022.