Upwork
UPWK
135 hedge funds and large institutions have $413M invested in Upwork in 2020 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 50 increasing their positions, 32 reducing their positions, and 34 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 32
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1.81% less ownership
Funds ownership: 57.93% → 56.12% (-1.8%)
6% less funds holding
Funds holding: 143 → 135 (-8)
12% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 34
40% less capital invested
Capital invested by funds: $692M → $413M (-$280M)
81% less call options, than puts
Call options by funds: $1.49M | Put options by funds: $7.95M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$36.1M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$26.9M |
| 3 |
AA
Ancient Art
Austin,
Texas
|
+$17.2M |
| 4 |
Renaissance Technologies
New York
|
+$14.4M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SP
Stockbridge Partners
Boston,
Massachusetts
|
-$56.9M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$50.8M |
| 3 |
SCM
Scopia Capital Management
New York
|
-$40.5M |
| 4 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$17.1M |
| 5 |
Goldman Sachs
New York
|
-$9.58M |
UPWK Hedge Fund Activity: Q1 2020 in Review
135 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q1 2020, worth a combined $413M — down 40% from $692M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of UPWK and 30 opened new positions — a net loss of 4 holders — while 32 trimmed existing stakes and 50 added.
The largest buyer was Hawk Ridge Capital Management, opening a new position worth an estimated $36.1M. The largest seller was Stockbridge Partners, exiting entirely with an estimated $56.9M sold.
- 135 institutional investors held Upwork (UPWK) as of Q1 2020, down from 143 in Q4 2019.
- Funds reported $413M of Upwork stock for Q1 2020, down 40% quarter-over-quarter.
- 30 funds opened new Upwork positions in Q1 2020 and 34 closed out, a net change of -4 holders.
- The largest Upwork buyer in Q1 2020 was Hawk Ridge Capital Management, an estimated $36.1M added.
- The largest Upwork seller in Q1 2020 was Stockbridge Partners, an estimated $56.9M sold.
Based on aggregated 13F filings for Q1 2020.