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81 hedge funds and large institutions have $718M invested in Upwork in 2019 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 28 increasing their positions, 16 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 16

53% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 17

13% more funds holding

Funds holding: 7281 (+9)

6% more capital invested

Capital invested by funds: $679M → $718M (+$38.3M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.17% less ownership

Funds ownership: 35.8%35.63% (-0.17%)

55% less call options, than puts

Call options by funds: $2.76M | Put options by funds: $6.2M

Holders
81
Holders Change
+9
Holders Change %
+12.5%
% of All Funds
1.75%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
26
Increased
28
Reduced
16
Closed
17
Calls
$2.76M
Puts
$6.2M
Net Calls
-$3.44M
Net Calls Change
-$3.49M
Name Holding Trade Value Shares
Change
Change in
Stake
APG
1
Andrew P. Goldfarb
$241M
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$208M -$1.47M -71,636 -0.6%
Vanguard Group
3
Vanguard Group
Pennsylvania
$40.3M +$2.09M +101,855 +5%
BlackRock
4
BlackRock
New York
$31.6M +$14.7M +716,077 +77%
DIG
5
Dragoneer Investment Group
California
$30.6M +$1.79M +87,377 +6%
Federated Hermes
6
Federated Hermes
Pennsylvania
$24.8M +$7.69M +375,034 +41%
Morgan Stanley
7
Morgan Stanley
New York
$15.3M +$171K +8,337 +1%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$11.1M +$174K +8,466 +1%
Capital World Investors
9
Capital World Investors
California
$10.8M
State of Wisconsin Investment Board
10
State of Wisconsin Investment Board
Wisconsin
$9.98M +$10.7M +521,652 New
Franklin Resources
11
Franklin Resources
California
$8.69M +$8.5M +414,900 +1,064%
AAMU
12
Amundi Asset Management US
Massachusetts
$8.49M +$9.09M +443,711 New
SPPAM
13
Summit Partners Public Asset Management
Massachusetts
$7.08M +$7.58M +370,000 New
Lord, Abbett & Co
14
Lord, Abbett & Co
New Jersey
$6.94M -$7.27M -354,828 -49%
Goldman Sachs
15
Goldman Sachs
New York
$5.52M +$82.8K +4,038 +1%
Northern Trust
16
Northern Trust
Illinois
$5.42M +$324K +15,792 +6%
Charles Schwab
17
Charles Schwab
California
$4.78M +$184K +8,986 +4%
AA
18
Ancient Art
Texas
$4.73M +$5.06M +247,024 New
Grantham, Mayo, Van Otterloo & Co (GMO)
19
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$4.7M -$9.41M -459,262 -65%
State Street
20
State Street
Massachusetts
$4.61M +$403K +19,668 +9%
FA
21
Friess Associates
Delaware
$3.65M +$295K +14,402 +8%
JP Morgan Chase
22
JP Morgan Chase
New York
$3.29M -$2.15M -104,870 -38%
Wellington Management Group
23
Wellington Management Group
Massachusetts
$3.01M -$1.92M -93,585 -37%
Barclays
24
Barclays
United Kingdom
$2.1M +$2.14M +104,336 +2,033%
First Trust Advisors
25
First Trust Advisors
Illinois
$1.71M +$1.83M +89,421 New

UPWK Hedge Fund Activity: Q1 2019 in Review

81 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q1 2019, worth a combined $718M — up 5.6% from $679M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new UPWK positions and 17 closed out — a net gain of 9 holders — while 28 added to existing stakes and 16 trimmed.

The largest buyer was BlackRock, adding an estimated $14.7M. The largest seller was Citadel Advisors, cutting an estimated $24M.

  • 81 institutional investors held Upwork (UPWK) as of Q1 2019, up from 72 in Q4 2018.
  • Funds reported $718M of Upwork stock for Q1 2019, up 5.6% quarter-over-quarter.
  • 26 funds opened new Upwork positions in Q1 2019 and 17 closed out, a net change of +9 holders.
  • The largest Upwork buyer in Q1 2019 was BlackRock, an estimated $14.7M added.
  • The largest Upwork seller in Q1 2019 was Citadel Advisors, an estimated $24M sold.

Based on aggregated 13F filings for Q1 2019.