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Upwork
UPWK

226 hedge funds and large institutions have $2.1B invested in Upwork in 2022 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 76 increasing their positions, 82 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more funds holding in top 10

Funds holding in top 10: 6 → 14 (+8)

2.72% more ownership

Funds ownership: 75.65% → 78.36% (+2.7%)

7% less repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 82

3% less funds holding

Funds holding: 234 → 226 (-8)

7% less capital invested

Capital invested by funds: $2.24B → $2.1B (-$149M)

12% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 34

30% less call options, than puts

Call options by funds: $31.2M | Put options by funds: $44.3M

Holders
226
Holders Change
-8
Holders Change %
-3.42%
% of All Funds
3.81%
Holding in Top 10
14
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+133.33%
% of All Funds
0.24%
New
30
Increased
76
Reduced
82
Closed
34
Calls
$31.2M
Puts
$44.3M
Net Calls
-$13.1M
Net Calls Change
-$17.4M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$26.8M
2
DAM
Dorsey Asset Management
Illinois
+$21.8M
3
BC
BIT Capital
Germany
+$15.2M
4
HRCM
Hawk Ridge Capital Management
California
+$14.3M
5
FCM
Frontier Capital Management
Massachusetts
+$10.2M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$41.1M
2
Morgan Stanley
Morgan Stanley
New York
-$35.3M
3
Two Sigma Investments
Two Sigma Investments
New York
-$12.7M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$7.55M
5
N
Nuveen
North Carolina
-$4.81M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$224M +$1.73M +88,068 +0.8%
BlackRock
2
BlackRock
New York
$165M +$3.03M +153,939 +2%
JSP
3
Jackson Square Partners
California
$155M +$492K +25,037 +0.3%
Baillie Gifford & Co
4
Baillie Gifford & Co
United Kingdom
$143M +$8.99M +457,423 +7%
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$82.4M -$41.1M -2,090,883 -34%
HRCM
6
Hawk Ridge Capital Management
California
$69.4M +$14.3M +727,169 +28%
GCP
7
Greenoaks Capital Partners
California
$68.9M +$2.3M +117,239 +4%
DAM
8
Dorsey Asset Management
Illinois
$55.2M +$21.8M +1,109,027 +71%
A
9
Atomvest
Hong Kong
$51.7M – – –
Fidelity Investments
10
Fidelity Investments
Massachusetts
$49.1M +$458K +23,317 +1%
State Street
11
State Street
Massachusetts
$48.6M +$2.42K +123 +0%
Janus Henderson Group
12
Janus Henderson Group
United Kingdom
$47.8M +$59.7K +3,038 +0.1%
Federated Hermes
13
Federated Hermes
Pennsylvania
$47M +$3.43M +174,378 +8%
AA
14
Ancient Art
Texas
$44.8M +$688K +35,000 +2%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$44M -$275K -13,975 -0.7%
Citadel Advisors
16
Citadel Advisors
Florida
$34.6M +$26.8M +1,363,045 +440%
Morgan Stanley
17
Morgan Stanley
New York
$32.9M -$35.3M -1,797,157 -53%
D.E. Shaw & Co
18
D.E. Shaw & Co
New York
$32.9M +$4.88M +248,222 +18%
BC
19
BIT Capital
Germany
$32.7M +$15.2M +771,261 +95%
Capital International Investors
20
Capital International Investors
California
$31.4M +$2.71M +137,765 +10%
Macquarie Group
21
Macquarie Group
Australia
$30.8M +$7.61M +387,212 +35%
SEI Investments
22
SEI Investments
Pennsylvania
$26.2M -$990K -50,358 -4%
XL
23
XN LP
New York
$24.5M +$5.63M +286,211 +32%
DCP
24
Durable Capital Partners
Maryland
$23.9M +$5.37M +273,069 +31%
Northern Trust
25
Northern Trust
Illinois
$22.9M -$1.23M -62,748 -5%
1
2 3 4 5

UPWK Hedge Fund Activity: Q2 2022 in Review

226 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q2 2022, worth a combined $2.1B — down 6.6% from $2.24B a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of UPWK and 30 opened new positions — a net loss of 4 holders — while 82 trimmed existing stakes and 76 added.

The largest buyer was Citadel Advisors, adding an estimated $26.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $41.1M.

  • 226 institutional investors held Upwork (UPWK) as of Q2 2022, down from 234 in Q1 2022.
  • Funds reported $2.1B of Upwork stock for Q2 2022, down 6.6% quarter-over-quarter.
  • 30 funds opened new Upwork positions in Q2 2022 and 34 closed out, a net change of -4 holders.
  • The largest Upwork buyer in Q2 2022 was Citadel Advisors, an estimated $26.8M added.
  • The largest Upwork seller in Q2 2022 was T. Rowe Price Associates, an estimated $41.1M sold.

Based on aggregated 13F filings for Q2 2022.