Upwork
UPWK
163 hedge funds and large institutions have $1.07B invested in Upwork in 2020 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 54 increasing their positions, 34 reducing their positions, and 29 closing their positions.
159% more capital invested
Capital invested by funds: $413M → $1.07B (+$657M)
100% more funds holding in top 10
Funds holding in top 10: 4 → 8 (+4)
100% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 29
59% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 34
34% more call options, than puts
Call options by funds: $26.8M | Put options by funds: $19.9M
20% more funds holding
Funds holding: 136 → 163 (+27)
8.17% more ownership
Funds ownership: 56.16% → 64.33% (+8.2%)
Top Buyers
| 1 |
DAM
Dorsey Asset Management
Chicago,
Illinois
|
+$39.8M |
| 2 |
BlackRock
New York
|
+$15.9M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$15.9M |
| 4 |
WM
Wishbone Management
Chicago,
Illinois
|
+$13.9M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$12.9M |
Top Sellers
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$15.6M |
| 2 |
AA
Ancient Art
Austin,
Texas
|
-$12.5M |
| 3 |
Renaissance Technologies
New York
|
-$9.38M |
| 4 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$8.2M |
| 5 |
JGC
J. Goldman & Co
New York
|
-$7.34M |
UPWK Hedge Fund Activity: Q2 2020 in Review
163 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q2 2020, worth a combined $1.07B — up 159% from $413M a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new UPWK positions and 29 closed out — a net gain of 29 holders — while 54 added to existing stakes and 34 trimmed.
The largest buyer was Dorsey Asset Management, opening a new position worth an estimated $39.8M. The largest seller was Deutsche Bank, cutting an estimated $15.6M.
- 163 institutional investors held Upwork (UPWK) as of Q2 2020, up from 136 in Q1 2020.
- Funds reported $1.07B of Upwork stock for Q2 2020, up 159% quarter-over-quarter.
- 58 funds opened new Upwork positions in Q2 2020 and 29 closed out, a net change of +29 holders.
- The largest Upwork buyer in Q2 2020 was Dorsey Asset Management, an estimated $39.8M added.
- The largest Upwork seller in Q2 2020 was Deutsche Bank, an estimated $15.6M sold.
Based on aggregated 13F filings for Q2 2020.