Upwork
UPWK
233 hedge funds and large institutions have $2.27B invested in Upwork in 2022 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 81 increasing their positions, 91 reducing their positions, and 62 closing their positions.
19% more call options, than puts
Call options by funds: $26.7M | Put options by funds: $22.4M
0.97% more ownership
Funds ownership: 74.65% → 75.62% (+0.97%)
11% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 91
13% less funds holding
Funds holding: 269 → 233 (-36)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
31% less capital invested
Capital invested by funds: $3.27B → $2.27B (-$1B)
52% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 62
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$65.8M |
| 2 |
GCP
Greenoaks Capital Partners
Orinda,
California
|
+$58.4M |
| 3 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$34.9M |
| 4 |
Janus Henderson Group
London,
|
+$30.9M |
| 5 |
AA
Ancient Art
Austin,
Texas
|
+$28.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$99.3M |
| 2 |
SCA
Southpoint Capital Advisors
New York
|
-$37.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$26.8M |
| 4 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$23.5M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$17.6M |
UPWK Hedge Fund Activity: Q1 2022 in Review
233 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q1 2022, worth a combined $2.27B — down 31% from $3.27B a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of UPWK and 30 opened new positions — a net loss of 32 holders — while 91 trimmed existing stakes and 81 added.
The largest buyer was Hawk Ridge Capital Management, opening a new position worth an estimated $65.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $99.3M.
- 233 institutional investors held Upwork (UPWK) as of Q1 2022, down from 269 in Q4 2021.
- Funds reported $2.27B of Upwork stock for Q1 2022, down 31% quarter-over-quarter.
- 30 funds opened new Upwork positions in Q1 2022 and 62 closed out, a net change of -32 holders.
- The largest Upwork buyer in Q1 2022 was Hawk Ridge Capital Management, an estimated $65.8M added.
- The largest Upwork seller in Q1 2022 was T. Rowe Price Associates, an estimated $99.3M sold.
Based on aggregated 13F filings for Q1 2022.