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220 hedge funds and large institutions have $1.09B invested in Upwork in 2024 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 69 increasing their positions, 84 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more call options, than puts

Call options by funds: $21.5M | Put options by funds: $18.6M

0.61% more ownership

Funds ownership: 78.28%78.88% (+0.61%)

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

2% less capital invested

Capital invested by funds: $1.12B → $1.09B (-$26.9M)

12% less funds holding

Funds holding: 249220 (-29)

18% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 84

39% less first-time investments, than exits

New positions opened: 39 | Existing positions closed: 64

Holders
220
Holders Change
-29
Holders Change %
-11.65%
% of All Funds
3.16%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.07%
New
39
Increased
69
Reduced
84
Closed
64
Calls
$21.5M
Puts
$18.6M
Net Calls
+$2.95M
Net Calls Change
+$1.86M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$170M -$340K -32,619 -0.2%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$107M +$85.1M +8,161,045 +398%
BlackRock
3
BlackRock
New York
$106M +$2.31M +221,006 +2%
AA
4
Ancient Art
Texas
$76.7M
ECM
5
Engine Capital Management
New York
$51M +$50.9M +4,875,619 New
Capital International Investors
6
Capital International Investors
California
$34.8M +$9.89M +947,821 +40%
Baillie Gifford & Co
7
Baillie Gifford & Co
United Kingdom
$34.4M -$3.39M -324,706 -9%
State Street
8
State Street
Massachusetts
$31.4M -$2.86M -274,229 -8%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$30M -$195K -18,706 -0.6%
DAM
10
Dorsey Asset Management
Illinois
$27.7M -$815K -78,148 -3%
ICM
11
Invenomic Capital Management
Massachusetts
$24.4M +$2.71M +260,274 +13%
N
12
Nuveen
North Carolina
$20.6M -$7.92M -759,280 -28%
A
13
Atomvest
Hong Kong
$19.1M
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$18.7M -$177K -17,000 -0.9%
T. Rowe Price Investment Management
15
T. Rowe Price Investment Management
Maryland
$18.5M +$18.5M +1,768,957 New
Two Sigma Investments
16
Two Sigma Investments
New York
$17.1M -$825K -79,101 -5%
Voloridge Investment Management
17
Voloridge Investment Management
Florida
$13.9M +$6.85M +656,827 +98%
Renaissance Technologies
18
Renaissance Technologies
New York
$12.6M -$6.64M -636,200 -35%
Northern Trust
19
Northern Trust
Illinois
$11.8M -$108K -10,368 -0.9%
Two Sigma Advisers
20
Two Sigma Advisers
New York
$11.1M -$3.22M -308,700 -23%
Morgan Stanley
21
Morgan Stanley
New York
$10.7M -$4.58M -439,460 -30%
Charles Schwab
22
Charles Schwab
California
$10.6M +$153K +14,680 +1%
TI
23
Trexquant Investment
Connecticut
$8.79M +$2.45M +235,146 +39%
Verition Fund Management
24
Verition Fund Management
Connecticut
$8.37M +$8.35M +800,878 New
RAM
25
RedJay Asset Management
Ontario, Canada
$8.36M

UPWK Hedge Fund Activity: Q3 2024 in Review

220 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q3 2024, worth a combined $1.09B — down 2.4% from $1.12B a quarter earlier.

Sellers outnumbered buyers: 64 funds closed out of UPWK and 39 opened new positions — a net loss of 25 holders — while 84 trimmed existing stakes and 69 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $85.1M. The largest seller was Divisadero Street Capital Management, exiting entirely with an estimated $35.7M sold.

  • 220 institutional investors held Upwork (UPWK) as of Q3 2024, down from 249 in Q2 2024.
  • Funds reported $1.09B of Upwork stock for Q3 2024, down 2.4% quarter-over-quarter.
  • 39 funds opened new Upwork positions in Q3 2024 and 64 closed out, a net change of -25 holders.
  • The largest Upwork buyer in Q3 2024 was T. Rowe Price Associates, an estimated $85.1M added.
  • The largest Upwork seller in Q3 2024 was Divisadero Street Capital Management, an estimated $35.7M sold.

Based on aggregated 13F filings for Q3 2024.