264 hedge funds and large institutions have $1.58B invested in Upwork in 2025 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 104 increasing their positions, 82 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
264
Holders Change
-8
Holders Change %
-2.94%
% of All Funds
3.54%
Holding in Top 10
4
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
46
Increased
104
Reduced
82
Closed
51
Calls
$12.8M
Puts
$18.5M
Net Calls
-$5.74M
Net Calls Change
+$2.21M
Name Holding Trade Value Shares
Change
Shares
Change %
Vanguard Group
1
Vanguard Group
Pennsylvania
$202M -$1.19M -88,879 -0.6%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$179M -$24M -1,785,022 -12%
BlackRock
3
BlackRock
New York
$131M -$2.78M -207,166 -2%
LSV Asset Management
4
LSV Asset Management
Illinois
$87.8M +$15.9M +1,183,169 +22%
Morgan Stanley
5
Morgan Stanley
New York
$63.4M +$21.8M +1,623,488 +53%
Capital International Investors
6
Capital International Investors
California
$53.6M +$1.18M +88,157 +2%
AA
7
Ancient Art
Texas
$50.7M -$111K -8,227 -0.2%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$40.3M -$291K -21,652 -0.7%
State Street
9
State Street
Massachusetts
$40.2M +$534K +39,767 +1%
Invesco
10
Invesco
Georgia
$38.5M +$3.11M +231,103 +9%
Renaissance Technologies
11
Renaissance Technologies
New York
$37.4M +$1.86M +138,600 +5%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$37.1M +$3.55M +263,968 +11%
Goldman Sachs
13
Goldman Sachs
New York
$37M +$15.6M +1,159,669 +73%
Two Sigma Investments
14
Two Sigma Investments
New York
$32.1M +$3.59M +267,315 +13%
Millennium Management
15
Millennium Management
New York
$25.5M +$14.9M +1,106,722 +140%
T. Rowe Price Investment Management
16
T. Rowe Price Investment Management
Maryland
$23.7M -$39M -2,900,436 -62%
Baillie Gifford & Co
17
Baillie Gifford & Co
United Kingdom
$23.6M -$6.62M -492,927 -22%
Northern Trust
18
Northern Trust
Illinois
$16M +$358K +26,610 +2%
Jane Street
19
Jane Street
New York
$15.7M +$13.4M +999,168 +584%
NL
20
Nuveen LLC
North Carolina
$15.5M -$7.22M -537,391 -32%
Two Sigma Advisers
21
Two Sigma Advisers
New York
$15.3M -$2.89M -214,800 -16%
Fiera Capital (Canada)
22
Fiera Capital (Canada)
Quebec, Canada
$14.3M +$196K +14,573 +1%
Qube Research & Technologies (QRT)
23
Qube Research & Technologies (QRT)
United Kingdom
$13.9M +$3.04M +225,856 +28%
Arrowstreet Capital
24
Arrowstreet Capital
Massachusetts
$13.8M +$2.28M +169,505 +20%
Charles Schwab
25
Charles Schwab
California
$13.7M -$311K -23,144 -2%