Upwork
UPWK
96 hedge funds and large institutions have $795M invested in Upwork in 2019 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 45 increasing their positions, 9 reducing their positions, and 18 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 9
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
94% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 18
19% more funds holding
Funds holding: 81 → 96 (+15)
11% more capital invested
Capital invested by funds: $718M → $795M (+$77.2M)
10.5% more ownership
Funds ownership: 35.64% → 46.14% (+11%)
99% less call options, than puts
Call options by funds: $390K | Put options by funds: $68.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$73.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$59.3M |
| 3 |
BlackRock
New York
|
+$39.7M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$32.5M |
| 5 |
AA
Ancient Art
Austin,
Texas
|
+$29.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APG
Andrew P. Goldfarb
|
-$81.6M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$71.6M |
| 3 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$9.98M |
| 4 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$8.49M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$6.94M |
UPWK Hedge Fund Activity: Q2 2019 in Review
96 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q2 2019, worth a combined $795M — up 11% from $718M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new UPWK positions and 18 closed out — a net gain of 17 holders — while 45 added to existing stakes and 9 trimmed.
The largest buyer was Franklin Resources, adding an estimated $73.9M. The largest seller was Andrew P. Goldfarb, cutting an estimated $81.6M.
- 96 institutional investors held Upwork (UPWK) as of Q2 2019, up from 81 in Q1 2019.
- Funds reported $795M of Upwork stock for Q2 2019, up 11% quarter-over-quarter.
- 35 funds opened new Upwork positions in Q2 2019 and 18 closed out, a net change of +17 holders.
- The largest Upwork buyer in Q2 2019 was Franklin Resources, an estimated $73.9M added.
- The largest Upwork seller in Q2 2019 was Andrew P. Goldfarb, an estimated $81.6M sold.
Based on aggregated 13F filings for Q2 2019.