Upwork
UPWK
218 hedge funds and large institutions have $1.02B invested in Upwork in 2022 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 83 increasing their positions, 67 reducing their positions, and 38 closing their positions.
124% more call options, than puts
Call options by funds: $22M | Put options by funds: $9.82M
24% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 67
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
3.96% less ownership
Funds ownership: 78.25% → 74.29% (-4%)
4% less funds holding
Funds holding: 228 → 218 (-10)
13% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 38
27% less capital invested
Capital invested by funds: $1.39B → $1.02B (-$371M)
Top Buyers
| 1 |
Capital International Investors
Los Angeles,
California
|
+$66.1M |
| 2 |
Renaissance Technologies
New York
|
+$16.7M |
| 3 |
Millennium Management
New York
|
+$11.9M |
| 4 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$10.8M |
| 5 |
BlackRock
New York
|
+$10M |
Top Sellers
| 1 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$96.4M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$28.4M |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
-$16.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$13.2M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.2M |
UPWK Hedge Fund Activity: Q4 2022 in Review
218 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q4 2022, worth a combined $1.02B — down 27% from $1.39B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of UPWK and 33 opened new positions — a net loss of 5 holders — while 67 trimmed existing stakes and 83 added.
The largest buyer was Capital International Investors, adding an estimated $66.1M. The largest seller was Jackson Square Partners, exiting entirely with an estimated $96.4M sold.
- 218 institutional investors held Upwork (UPWK) as of Q4 2022, down from 228 in Q3 2022.
- Funds reported $1.02B of Upwork stock for Q4 2022, down 27% quarter-over-quarter.
- 33 funds opened new Upwork positions in Q4 2022 and 38 closed out, a net change of -5 holders.
- The largest Upwork buyer in Q4 2022 was Capital International Investors, an estimated $66.1M added.
- The largest Upwork seller in Q4 2022 was Jackson Square Partners, an estimated $96.4M sold.
Based on aggregated 13F filings for Q4 2022.