Upwork
UPWK
292 hedge funds and large institutions have $1.48B invested in Upwork in 2026 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 115 increasing their positions, 90 reducing their positions, and 61 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 90
0.26% more ownership
Funds ownership: 103.34% → 103.6% (+0.26%)
10% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 61
4% less funds holding
Funds holding: 305 → 292 (-13)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
33% less call options, than puts
Call options by funds: $15.9M | Put options by funds: $23.9M
45% less capital invested
Capital invested by funds: $2.68B → $1.48B (-$1.19B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$22.6M |
| 2 |
AA
Ancient Art
Austin,
Texas
|
+$20.8M |
| 3 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$20.6M |
| 4 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$18.6M |
| 5 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$18.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$43.7M |
| 2 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
-$40.1M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$28.3M |
| 4 |
Morgan Stanley
New York
|
-$24.9M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
-$21.8M |
UPWK Hedge Fund Activity: Q1 2026 in Review
292 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Upwork (UPWK) for Q1 2026, worth a combined $1.48B — down 45% from $2.68B a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of UPWK and 55 opened new positions — a net loss of 6 holders — while 90 trimmed existing stakes and 115 added.
The largest buyer was Capital International Investors, adding an estimated $22.6M. The largest seller was Invesco, cutting an estimated $43.7M.
- 292 institutional investors held Upwork (UPWK) as of Q1 2026, down from 305 in Q4 2025.
- Funds reported $1.48B of Upwork stock for Q1 2026, down 45% quarter-over-quarter.
- 55 funds opened new Upwork positions in Q1 2026 and 61 closed out, a net change of -6 holders.
- The largest Upwork buyer in Q1 2026 was Capital International Investors, an estimated $22.6M added.
- The largest Upwork seller in Q1 2026 was Invesco, an estimated $43.7M sold.
Based on aggregated 13F filings for Q1 2026.