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218 hedge funds and large institutions have $1.02B invested in Upwork in 2022 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 83 increasing their positions, 67 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more call options, than puts

Call options by funds: $22M | Put options by funds: $9.82M

24% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 67

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

3.96% less ownership

Funds ownership: 78.25%74.29% (-4%)

4% less funds holding

Funds holding: 228218 (-10)

13% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 38

27% less capital invested

Capital invested by funds: $1.39B → $1.02B (-$371M)

Holders
218
Holders Change
-10
Holders Change %
-4.39%
% of All Funds
3.5%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.08%
New
33
Increased
83
Reduced
67
Closed
38
Calls
$22M
Puts
$9.82M
Net Calls
+$12.1M
Net Calls Change
+$11.7M
Name Holding Trade Value Shares
Change
Change in
Stake
CSPIA
201
Cary Street Partners Investment Advisory
Virginia
$2.87K +$3.39K +275 New
HFS
202
Hantz Financial Services
Michigan
$2K
Carson Wealth (CWM LLC)
203
Carson Wealth (CWM LLC)
Nebraska
$2K +$2K +162 +324%
NA
204
NewEdge Advisors
Louisiana
$1.75K +$34.5K +2,798 New
Franklin Resources
205
Franklin Resources
California
$1.33K -$4.05K -328 -72%
MCC
206
Money Concepts Capital
Florida
$1.11K +$1.01K +82 +342%
MS
207
Madden Securities
Texas
$1.04K +$1.23K +100 New
QCG
208
Quadrant Capital Group
Ohio
$1.01K +$1.2K +97 New
MCM
209
Manchester Capital Management
Vermont
$793 -$123 -10 -12%
AWM
210
Accel Wealth Management
Iowa
$783
BAAM
211
Baker Avenue Asset Management
California
$491 +$580 +47 New
FGAM
212
Financial Gravity Asset Management
Texas
$360 +$33K +2,676 +8%
VCM
213
Versant Capital Management
Arizona
$303 +$358 +29 New
KTC
214
Kistler-Tiffany Companies
Pennsylvania
$261
GWS
215
Glassman Wealth Services
Virginia
$230
WT
216
Washington Trust
Rhode Island
$209
FCA
217
FinTrust Capital Advisors
South Carolina
$21
JSP
218
Jackson Square Partners
California
-$96.4M -7,080,973 Closed
SEI Investments
219
SEI Investments
Pennsylvania
-$16.6M -1,216,953 Closed
Thrivent Financial for Lutherans
220
Thrivent Financial for Lutherans
Minnesota
-$6.04M -443,400 Closed
SBH
221
Segall Bryant & Hamill
Illinois
-$5.11M -375,286 Closed
IAMH
222
IvyRock Asset Management (HK)
Hong Kong
-$4.29M -347,674 Closed
RA
223
Royce & Associates
New York
-$3.68M -270,000 Closed
DSCM
224
Divisadero Street Capital Management
Florida
-$2.72M -200,000 Closed
FCM
225
Firsthand Capital Management
California
-$2.72M -200,000 Closed

UPWK Hedge Fund Activity: Q4 2022 in Review

218 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2022, worth a combined $1.02B — down 27% from $1.39B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of UPWK and 33 opened new positions — a net loss of 5 holders — while 67 trimmed existing stakes and 83 added.

The largest buyer was Capital International Investors, adding an estimated $66.1M. The largest seller was Jackson Square Partners, exiting entirely with an estimated $96.4M sold.

  • 218 institutional investors held Upwork (UPWK) as of Q4 2022, down from 228 in Q3 2022.
  • Funds reported $1.02B of Upwork stock for Q4 2022, down 27% quarter-over-quarter.
  • 33 funds opened new Upwork positions in Q4 2022 and 38 closed out, a net change of -5 holders.
  • The largest Upwork buyer in Q4 2022 was Capital International Investors, an estimated $66.1M added.
  • The largest Upwork seller in Q4 2022 was Jackson Square Partners, an estimated $96.4M sold.

Based on aggregated 13F filings for Q4 2022.