Upwork
UPWK
249 hedge funds and large institutions have $1.12B invested in Upwork in 2024 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 93 increasing their positions, 79 reducing their positions, and 43 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 79
4.59% more ownership
Funds ownership: 73.69% → 78.28% (+4.6%)
6% more call options, than puts
Call options by funds: $20.3M | Put options by funds: $19.2M
5% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 43
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0% less funds holding
Funds holding: 250 → 249 (-1)
10% less capital invested
Capital invested by funds: $1.24B → $1.12B (-$126M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancient Art
Austin,
Texas
|
+$24M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$23.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$21.8M |
| 4 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$12.6M |
| 5 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$9.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$19M |
| 2 |
Goldman Sachs
New York
|
-$18.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$15.5M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$9.43M |
| 5 |
Two Sigma Investments
New York
|
-$8.68M |
UPWK Hedge Fund Activity: Q2 2024 in Review
249 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q2 2024, worth a combined $1.12B — down 10% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new UPWK positions and 43 closed out — a net gain of 2 holders — while 93 added to existing stakes and 79 trimmed.
The largest buyer was Ancient Art, adding an estimated $24M. The largest seller was Fuller & Thaler Asset Management, exiting entirely with an estimated $19M sold.
- 249 institutional investors held Upwork (UPWK) as of Q2 2024, down from 250 in Q1 2024.
- Funds reported $1.12B of Upwork stock for Q2 2024, down 10% quarter-over-quarter.
- 45 funds opened new Upwork positions in Q2 2024 and 43 closed out, a net change of +2 holders.
- The largest Upwork buyer in Q2 2024 was Ancient Art, an estimated $24M added.
- The largest Upwork seller in Q2 2024 was Fuller & Thaler Asset Management, an estimated $19M sold.
Based on aggregated 13F filings for Q2 2024.