Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Upland Software Inc (UPLD)

46 + Investors. Track Smart Money conviction in UPLD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -12
Streak
2Q ▼
Buyers last Q
35%

Smart Money Signals — UPLD

Based on 46 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their UPLD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 51% of 3.0Y high

51% of all-time peak
Only 46 funds hold UPLD today versus a peak of 91 funds at 2023 Q4 — just 51% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 35% fewer funds vs a year ago

fund count last 6Q
25 fewer hedge funds hold UPLD compared to a year ago (-35% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 35% buying

17 buying31 selling
Last quarter: 31 funds sold vs only 17 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~6 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 11 → 2 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 15% medium ■ 15% new
32 out of 46 hedge funds have held UPLD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -20%, value -66%

Value
-65%
Shares
-20%
Last quarter: funds added -20% more shares while total portfolio value only changed -66%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
⚠️

Saturation — most institutions already know this story

13 → 8 → 11 → 2 → 6 new funds/Q
New funds entering each quarter: 8 → 11 → 2 → 6. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Deep conviction — 70% of holders stayed 2+ years

■ 70% veterans ■ 13% 1-2yr ■ 17% new
Of 46 current holders: 32 (70%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 30% AUM from major funds

30% from top-100 AUM funds
13 of 46 holders rank in the top 100 by AUM, accounting for 30% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
1.7
out of 10
Low Exit Risk
Exit risk score 1.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — UPLD

In 2026 Q1, 17 hedge funds were net buyers of UPLD (6 opened a new position, 11 added to an existing one), while 31 reduced or exited (13 trimmed, 18 sold completely) — a 35% buyer ratio, indicating net institutional distribution. Net selling has persisted for two consecutive quarters. 30% of total institutional value in UPLD is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -12 funds (more exits than new entries). Total institutional holders: 46.

Hedge Fund Ownership: UPLD

How many hedge funds hold UPLD — quarterly history vs. share price
Quarterly hedge fund ownership of UPLD vs. share price

Market Analysis: UPLD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: UPLD

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Upland Software Inc (UPLD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much UPLD has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
UPLD
+676.3%
XLK
+39.8%

UPLD outperformed XLK by +636.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
UPLD
+611.1%
XLK
+5.4%

Since the filing became public, UPLD outperformed XLK by +605.7% .

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: UPLD
46 + Investors

Track Smart Money conviction in UPLD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 46 58 -20.69%
13F Shares 10M 13M -19.97%
Total Value $6M $19M -65.85%
New Positions 6 2 +4
Increased Positions 10 15 -5
Closed Positions 18 14 +4
Reduced Positions 13 27 -14
Total Calls 1 2 -50.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: UPLD

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
Return on Assets (ttm) --
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

46 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in UPLD. Verified SEC 13F-HR filings.

QUARTER:
Top 25 UPLD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rice Hall James & Associates, LLC 0.04% 974,448 $649K
2 RBF Capital, LLC 0.01% 427,548 $285K
3 CastleKnight Management LP 0.01% 777,201 $518K
4 Heron Bay Capital Management 0.00% 27,192 $18K
5 Two Sigma Securities, LLC 0.00% 13,665 $9K
6 First Heartland Consultants, Inc. 0.00% 20,004 $13K
7 Steel Grove Capital Advisors, LLC 0.00% 14,411 $10K
8 Two Sigma Advisers, LP 0.00% 335,300 $479K
9 Evergreen Capital Management LLC 0.00% 62,390 $42K
10 XTX Topco Ltd 0.00% 42,599 $28K
11 D. E. Shaw & Co., Inc. 0.00% 658,110 $438K
12 Renaissance Technologies LLC 0.00% 242,391 $161K
13 Man Group plc 0.00% 200,895 $134K
14 Two Sigma Investments, LP 0.00% 412,114 $274K
15 Ameriprise Financial Inc 0.00% 1,355,641 $903K
16 Russell Investments Group, Ltd. 0.00% 267,156 $178K
17 Assenagon Asset Management S.A. 0.00% 125,366 $83K
18 Savant Capital, LLC 0.00% 13,500 $9K
19 Boston Partners 0.00% 43,744 $29K
20 Vanguard Fiduciary Trust Co 0.00% 143,502 $96K
21 Vanguard Capital Management LLC 0.00% 1,203,774 $802K
22 HSBC Holdings plc 0.00% 38,874 $26K
23 Vanguard Portfolio Management LLC 0.00% 364,068 $242K
24 CoreCap Advisors, LLC 0.00% 505 —
25 Tower Research Capital LLC (TRC) 0.00% 448 —
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Upland Software Inc (UPLD)

What does the Smart Money Trend signal show for UPLD?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their UPLD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for UPLD?

Heavy selling pressure — only 35% buying: Last quarter: 31 funds sold vs only 17 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for UPLD holders?

Strong quality — 30% AUM from major funds: 13 of 46 holders rank in the top 100 by AUM, accounting for 30% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held UPLD?

70% of holders stayed for 2+ years: 32 out of 46 hedge funds have held UPLD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Upland Software Inc (UPLD) following the 2026 Q1 hedge fund 13F filings?

As of today, UPLD has moved +611.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.4% for the XLK sector ETF — an outperformance of +605.7%. Since the quarter end (March 31, 2026), UPLD has gained +676.3% vs +39.8% for XLK. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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