Upwork
UPWK
227 hedge funds and large institutions have $1.36B invested in Upwork in 2022 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 78 increasing their positions, 72 reducing their positions, and 31 closing their positions.
13% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 31
8% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 72
2% more call options, than puts
Call options by funds: $20.9M | Put options by funds: $20.4M
1% more funds holding
Funds holding: 225 → 227 (+2)
1.59% less ownership
Funds ownership: 78.05% → 76.45% (-1.6%)
35% less capital invested
Capital invested by funds: $2.09B → $1.36B (-$733M)
64% less funds holding in top 10
Funds holding in top 10: 14 → 5 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$19.2M |
| 2 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$15.4M |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$10.5M |
| 4 |
CS
Candriam SCA
Strassen, Luxembourg,
Luxembourg
|
+$10M |
| 5 |
Two Sigma Investments
New York
|
+$8.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$69.5M |
| 2 |
XL
XN LP
New York
|
-$24.5M |
| 3 |
Morgan Stanley
New York
|
-$17.1M |
| 4 |
GCP
Greenoaks Capital Partners
Orinda,
California
|
-$12.5M |
| 5 |
KLC
Kent Lake Capital
Reno,
Nevada
|
-$10.3M |
UPWK Hedge Fund Activity: Q3 2022 in Review
227 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q3 2022, worth a combined $1.36B — down 35% from $2.09B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new UPWK positions and 31 closed out — a net gain of 4 holders — while 78 added to existing stakes and 72 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $19.2M. The largest seller was T. Rowe Price Associates, cutting an estimated $69.5M.
- 227 institutional investors held Upwork (UPWK) as of Q3 2022, up from 225 in Q2 2022.
- Funds reported $1.36B of Upwork stock for Q3 2022, down 35% quarter-over-quarter.
- 35 funds opened new Upwork positions in Q3 2022 and 31 closed out, a net change of +4 holders.
- The largest Upwork buyer in Q3 2022 was Deutsche Bank, an estimated $19.2M added.
- The largest Upwork seller in Q3 2022 was T. Rowe Price Associates, an estimated $69.5M sold.
Based on aggregated 13F filings for Q3 2022.