Upwork
UPWK
128 hedge funds and large institutions have $792M invested in Upwork in 2019 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 45 increasing their positions, 19 reducing their positions, and 16 closing their positions.
200% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 16
137% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 19
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
33% more funds holding
Funds holding: 96 → 128 (+32)
7.57% more ownership
Funds ownership: 46.14% → 53.71% (+7.6%)
0% less capital invested
Capital invested by funds: $795M → $792M (-$3.25M)
86% less call options, than puts
Call options by funds: $7.82M | Put options by funds: $55.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Scopia Capital Management
New York
|
+$66.8M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$16.3M |
| 3 |
CC
Cowbird Capital
New York
|
+$13.5M |
| 4 |
AA
Ancient Art
Austin,
Texas
|
+$12.1M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$64.3M |
| 2 |
APG
Andrew P. Goldfarb
|
-$11.9M |
| 3 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
-$8.95M |
| 4 |
BCP
Berylson Capital Partners
Boston,
Massachusetts
|
-$3.87M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$2.25M |
UPWK Hedge Fund Activity: Q3 2019 in Review
128 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q3 2019, worth a combined $792M — down 0.41% from $795M a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new UPWK positions and 16 closed out — a net gain of 32 holders — while 45 added to existing stakes and 19 trimmed.
The largest buyer was Scopia Capital Management, opening a new position worth an estimated $66.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $64.3M.
- 128 institutional investors held Upwork (UPWK) as of Q3 2019, up from 96 in Q2 2019.
- Funds reported $792M of Upwork stock for Q3 2019, down 0.41% quarter-over-quarter.
- 48 funds opened new Upwork positions in Q3 2019 and 16 closed out, a net change of +32 holders.
- The largest Upwork buyer in Q3 2019 was Scopia Capital Management, an estimated $66.8M added.
- The largest Upwork seller in Q3 2019 was T. Rowe Price Associates, an estimated $64.3M sold.
Based on aggregated 13F filings for Q3 2019.