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277 hedge funds and large institutions have $1.53B invested in Upwork in 2025 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 78 increasing their positions, 86 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 46

9% more funds holding

Funds holding: 253277 (+24)

4.21% more ownership

Funds ownership: 82.32%86.53% (+4.2%)

9% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 86

15% less capital invested

Capital invested by funds: $1.8B → $1.53B (-$269M)

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
277
Holders Change
+24
Holders Change %
+9.49%
% of All Funds
3.71%
Holding in Top 10
4
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-55.56%
% of All Funds
0.05%
New
72
Increased
78
Reduced
86
Closed
46
Calls
$14.8M
Puts
$22.8M
Net Calls
-$7.95M
Net Calls Change
-$18.5M
Name Holding Trade Value Shares
Change
Change in
Stake
AGM
201
Alpine Global Management
New York
$131K +$152K +10,000 New
PAS
202
Point72 Asia (Singapore)
Singapore
$127K +$148K +9,712 New
Russell Investments Group
203
Russell Investments Group
United Kingdom
$112K -$1.09M -71,319 -89%
SAM
204
Shell Asset Management
Netherlands
$95K -$4.84K -318 -4%
KBC Group
205
KBC Group
Belgium
$87K
A
206
AlphaQuest
New York
$71.7K -$43.7K -2,866 -34%
FMP
207
Financial Management Professionals
Texas
$71.3K -$7.11K -467 -8%
Jones Financial Companies
208
Jones Financial Companies
Missouri
$69.7K +$60.6K +3,978 +306%
Carson Wealth (CWM LLC)
209
Carson Wealth (CWM LLC)
Nebraska
$69K -$14.6K -961 -15%
HI
210
Harbour Investments
Wisconsin
$59.4K -$13.1K -858 -16%
AB
211
Amalgamated Bank
New York
$58K +$229 +15 +0.3%
IA
212
IFP Advisors
Florida
$52K +$59.1K +3,877 +3,493%
Canada Pension Plan Investment Board
213
Canada Pension Plan Investment Board
Ontario, Canada
$49.6K
SS
214
SBI Securities
Japan
$49K -$20.8K -1,368 -27%
LSA
215
Leonteq Securities AG
Switzerland
$30.4K +$13K +851 +57%
FDCDDQ
216
Federation des caisses Desjardins du Quebec
Quebec, Canada
$28.1K +$1.52K +100 +5%
Nisa Investment Advisors
217
Nisa Investment Advisors
Missouri
$27.6K
PNC Financial Services Group
218
PNC Financial Services Group
Pennsylvania
$27.5K -$396 -26 -1%
NA
219
NewEdge Advisors
Louisiana
$25.5K
Comerica Bank
220
Comerica Bank
Texas
$23K +$20.5K +1,346 +320%
ACM
221
Aster Capital Management
United Arab Emirates
$22.1K +$21.1K +1,387 New
PA
222
Parallel Advisors
California
$18.8K -$3.64K -239 -14%
CCM
223
Coldstream Capital Management
Washington
$18K +$21K +1,381 New
PEAK6
224
PEAK6
Illinois
$17.7K +$20.6K +1,355 New
QL
225
Quarry LP
New York
$17K -$59.9K -3,929 -75%

UPWK Hedge Fund Activity: Q1 2025 in Review

277 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q1 2025, worth a combined $1.53B — down 15% from $1.8B a quarter earlier.

Buyers outnumbered sellers: 72 funds opened new UPWK positions and 46 closed out — a net gain of 26 holders — while 78 added to existing stakes and 86 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $64M. The largest seller was Dorsey Asset Management, exiting entirely with an estimated $49.8M sold.

  • 277 institutional investors held Upwork (UPWK) as of Q1 2025, up from 253 in Q4 2024.
  • Funds reported $1.53B of Upwork stock for Q1 2025, down 15% quarter-over-quarter.
  • 72 funds opened new Upwork positions in Q1 2025 and 46 closed out, a net change of +26 holders.
  • The largest Upwork buyer in Q1 2025 was LSV Asset Management, an estimated $64M added.
  • The largest Upwork seller in Q1 2025 was Dorsey Asset Management, an estimated $49.8M sold.

Based on aggregated 13F filings for Q1 2025.