Who Owns Upwork Inc. (UPWK)?Hedge Fund & Institutional Holders

$12.11+0.25 (+2.12%)IndustrialsNASDAQ

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$3.77000275681268e+232T

% of Float Held

Infinity%

QoQ Change in Holders

+13 / -1

Price History

$9.20$12.43$15.65$18.88$22.11Sep 24Jun 25Mar 26

UPWK — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
PRICE T ROWE ASSOCIATES INC /MD/Increased+5.9M+$132.3M
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLCNew Position+2.0M+$40.1M
Allianz Asset Management GmbHNew Position+1.2M+$24.0M
BAILLIE GIFFORD & CONew Position+1.0M+$20.4M
PRINCIPAL FINANCIAL GROUP INCNew Position+965K+$19.1M
SkyView Investment Advisors, LLCNew Position+795K+$15.3M
Bank of New York Mellon CorpNew Position+753K+$13.0M
LSV ASSET MANAGEMENTIncreased+24K+$8.6M
PUBLIC SECTOR PENSION INVESTMENT BOARDNew Position+452K+$8.0M
Clearbridge Investments, LLCNew Position+333K+$6.0M
NEW YORK STATE COMMON RETIREMENT FUNDNew Position+303K+$6.0M
Universal- Beteiligungs- und Servicegesellschaft mbHNew Position+302K+$6.0M
SCHRODER INVESTMENT MANAGEMENT GROUPNew Position+291K+$5.0M
NORDEA INVESTMENT MANAGEMENT ABNew Position+222K+$4.4M
Penserra Capital Management LLCNew Position+209K+$4.0M

UPWK — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
MORGAN STANLEYDecreased-2.0M-$88.5B
GOLDMAN SACHS GROUP INCDecreased-1.4M-$67.2B
GEODE CAPITAL MANAGEMENT, LLCDecreased-1K-$57.2B
Nuveen, LLCDecreased-26K-$33.4B
BALYASNY ASSET MANAGEMENT L.P.Closed Position-1.8M-$32.6B
TWO SIGMA INVESTMENTS, LPDecreased-642K-$27.5B
Invenomic Capital Management LPDecreased-599K-$24.8B
BANK OF AMERICA CORP /DE/Decreased-203K-$23.9B
ARROWSTREET CAPITAL, LIMITED PARTNERSHIPDecreased-730K-$19.4B
BARCLAYS PLCDecreased-15K-$17.2B
CITADEL ADVISORS LLCDecreased-790K-$15.2B
J. Goldman & Co LPDecreased-228K-$14.3B
Bridgewater Associates, LPDecreased-100K-$11.9B
Squarepoint Ops LLCDecreased-425K-$11.3B
MILLENNIUM MANAGEMENT LLCDecreased-522K-$10.6B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1PRICE T ROWE ASSOCIATES INC /MD/19,070,027$377.0M0.04%Share
2VANGUARD GROUP INC13,909,242$275.7M0.00%Share
3BlackRock, Inc.13,558,183$268.0M0.00%Share
4LSV ASSET MANAGEMENT6,537,275$129.6M0.28%Share
5STATE STREET CORP4,890,897$96.0M0.00%Share
6Ancient Art, L.P.4,640,814$92.0M20.81%Share
7BlackRock, Inc.4,153,539$82.0M0.00%Share
8Capital International Investors3,288,860$65.0M0.01%Share
9Invesco Ltd.3,015,834$59.8M0.01%Share
10DIMENSIONAL FUND ADVISORS LP2,684,215$53.0M0.01%Share
11GEODE CAPITAL MANAGEMENT, LLC2,672,331$52.0M0.00%Share
12FMR LLC2,155,978$42.0M0.00%Share
13RENAISSANCE TECHNOLOGIES LLC2,159,042$42.0M0.07%Share
14MORGAN STANLEY2,094,618$41.0M0.00%Share
15SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC2,025,000$40.1M0.83%Share
16GOLDMAN SACHS GROUP INC1,886,393$37.0M0.00%Share
17AMERICAN CENTURY COMPANIES INC1,401,718$27.0M0.01%Share
18Nuveen, LLC1,354,431$26.0M0.01%Share
19Bell Investment Advisors, Inc1,264$25.1M0.00%Share
20Allianz Asset Management GmbH1,216,225$24.0M0.02%Share
21CHARLES SCHWAB INVESTMENT MANAGEMENT INC1,195,889$23.0M0.00%Share
22NORTHERN TRUST CORP1,042,782$20.0M0.00%Share
23PRINCIPAL FINANCIAL GROUP INC957,334$19.0M0.01%Share
24WELLINGTON MANAGEMENT GROUP LLP923,133$18.0M0.00%Share
25BARCLAYS PLC912,746$18.0M0.00%Share
26VANGUARD GROUP INC885,063$17.5M0.00%Share
27Fiera Capital Corp905,680$17.0M0.05%Share
28BANK OF AMERICA CORP /DE/840,113$16.0M0.00%Share
29TWO SIGMA INVESTMENTS, LP841,801$16.0M0.02%Share
30DEUTSCHE BANK AG\780,500$15.0M0.00%Share
31Invenomic Capital Management LP735,100$14.6M0.68%Share
32Portolan Capital Management, LLC719,644$14.3M0.76%Share
33BlackRock, Inc.678,475$13.0M0.00%Share
34J. Goldman & Co LP600,000$11.9M0.31%Call
35J. Goldman & Co LP541,259$10.7M0.28%Share
36BAILLIE GIFFORD & CO516,837$10.2M0.01%Share
37Parallax Volatility Advisers, L.P.520,000$10.0M0.02%Put
38Bridgewater Associates, LP541,073$10.0M0.04%Share
39Grandeur Peak Global Advisors, LLC462,333$9.2M1.23%Share
40BlackRock, Inc.470,696$9.0M0.00%Share
41Fiera Capital Corp474,222$9.0M0.03%Share
42SUSQUEHANNA INTERNATIONAL GROUP, LLP480,300$9.0M0.00%Call
43Hillsdale Investment Management Inc.502,500$9.0M0.25%Share
44KESTREL INVESTMENT MANAGEMENT CORP435,500$8.6M4.89%Share
45Invesco Ltd.418,196$8.3M0.00%Share
46GEODE CAPITAL MANAGEMENT, LLC411,673$8.0M0.00%Share
47PUBLIC SECTOR PENSION INVESTMENT BOARD452,229$8.0M0.03%Share
48AMERIPRISE FINANCIAL INC422,040$8.0M0.00%Share
49AQR CAPITAL MANAGEMENT LLC421,424$8.0M0.00%Share
50Financial Gravity Asset Management, Inc.401,665$8.0M1.53%Share

UPWK Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025301$2.6B+83
Q3 2025218$1.7T-10
Q2 2025228$992.4B-44
Q1 2025272$1.2T+26
Q4 2024246$3.4T+68
Q3 2024178$516.1T-27
Q2 2024205$453.4T+7
Q1 2024198$513.2T—

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As of Q4 2025, 50 institutional investors hold UPWK (Upwork Inc.). The largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with $377.0M in shares. This quarter, 13 institutions opened new positions and 1 closed their positions.

Frequently Asked Questions

How many hedge funds own UPWK?

As of Q4 2025, 50 institutional investors report holding UPWK (Upwork Inc.) in their 13F filings.

Who is the largest institutional holder of UPWK?

The largest institutional holder of UPWK is PRICE T ROWE ASSOCIATES INC /MD/ with $377.0M in shares.

Is institutional ownership of UPWK increasing or decreasing?

This quarter, 13 institutions opened new positions in UPWK and 1 closed their positions.