291 hedge funds and large institutions have $1.48B invested in Upwork in 2026 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 115 increasing their positions, 90 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more ownership

Funds ownership:

less funds holding

Funds holding:

less first-time investments, than exits

New positions opened: | Existing positions closed:

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

33% less call options, than puts

Call options by funds: $15.9M | Put options by funds: $23.9M

45% less capital invested

Capital invested by funds: $2.68B → $1.48B (-$1.19B)

Holders
291
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$15.9M
Puts
$23.9M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Grantham, Mayo, Van Otterloo & Co (GMO)
201
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$159K
SCM
202
Sterling Capital Management
North Carolina
$157K
Verition Fund Management
203
Verition Fund Management
Connecticut
$156K
MWM
204
Mindset Wealth Management
Indiana
$149K
Public Employees Retirement Association of Colorado
205
Public Employees Retirement Association of Colorado
Colorado
$146K
Teacher Retirement System of Texas
206
Teacher Retirement System of Texas
Texas
$144K
BCM
207
Bayesian Capital Management
New York
$138K
Bank of Montreal
208
Bank of Montreal
Ontario, Canada
$137K
MWM
209
Maridea Wealth Management
New York
$127K
X
210
Xponance
Pennsylvania
$124K
CM
211
Capula Management
Cayman Islands
$121K
GSC
212
Ground Swell Capital
South Carolina
$116K
TRCT
213
Tower Research Capital (TRC)
New York
$115K
AIP
214
Ameritas Investment Partners
Nebraska
$113K
SCA
215
Snowden Capital Advisors
New York
$111K
Walleye Trading
216
Walleye Trading
New York
$107K
EWA
217
EverSource Wealth Advisors
Alabama
$98.2K
LHEI
218
Leo H. Evart Inc
California
$89.6K
SS
219
SBI Securities
Japan
$87.6K
Carson Wealth (CWM LLC)
220
Carson Wealth (CWM LLC)
Nebraska
$87.4K
PFBT
221
Parkside Financial Bank & Trust
Missouri
$83.9K
C
222
Covestor
United Kingdom
$54K
VI
223
Vestcor Inc
New Brunswick, Canada
$54K
Osaic Holdings
224
Osaic Holdings
Arizona
$49.6K
KBC Group
225
KBC Group
Belgium
$48K