Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

UPWORK INC (UPWK)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +30
Streak
2Q ▲
Buyers last Q
60%

Smart Money Signals — UPWK

Based on 289 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added UPWK than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
289 hedge funds hold UPWK right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +17% more funds vs a year ago

fund count last 6Q
+41 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 60% buying

194 buying127 selling
Last quarter: 194 funds were net buyers (74 opened a brand new position + 120 added to an existing one). Only 127 were sellers (83 trimmed + 44 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+27 vs last Q)

new funds entering per quarter
Funds opening a new UPWK position: 67 → 46 → 47 → 74. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

52% conviction (2yr+) 24% medium 25% new
149 out of 289 hedge funds have held UPWK 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.
➡️

Steady discovery — ~74 new funds/quarter

63 → 67 → 46 → 47 → 74 new funds/Q
New funds entering each quarter: 67 → 46 → 47 → 74. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 61% of holders stayed 2+ years

61% veterans 12% 1-2yr 27% new
Of 307 current holders: 188 (61%) 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.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
39 of 289 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in UPWK. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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.

Hedge Fund Ownership: UPWK

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

Market Analysis: UPWK

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: UPWK

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

48 top-rated funds 1 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: UPWK
2026 Q1 Stats Unlock in 20 days 307 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 307 280 9.64%
13F Shares 137M 125M 10.13%
Total Value $2.34B $2.05B 13.92%
New Positions 74 50 +24
Increased Positions 145 117 +28
Closed Positions 46 45 +1
Reduced Positions 105 116 -11
Total Calls 11 11 -
Total Puts 11 11 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: UPWK

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

307 + investors

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

Top 25 institutional holders of UPWK — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Ground Swell Capital, LLC 0.23% 10,618 $116K
2 AlphaQuest LLC 0.06% 51,680 $1.0M
3 HARBOR CAPITAL ADVISORS, INC. 0.05% 61,286
4 MINDSET WEALTH MANAGEMENT, LLC 0.04% 13,604 $149K
5 Balboa Wealth Partners 0.03% 16,739 $183K
6 CARY STREET PARTNERS FINANCIAL LLC 0.03% 99,230 $1.1M
7 Abacus Wealth Partners, LLC 0.03% 26,209 $287K
8 Bayforest Capital Ltd 0.02% 2,037 $22K
9 Maridea Wealth Management LLC 0.02% 11,621 $127K
10 Y-Intercept (Hong Kong) Ltd 0.01% 70,446 $772K
11 State of Alaska, Department of Revenue 0.01% 105,750 $1K
12 Louisiana State Employees Retirement System 0.01% 57,900
13 EVOLVE PRIVATE WEALTH, LLC 0.01% 18,638 $204K
14 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.01% 3,666 $40K
15 Leonteq Securities AG 0.01% 24,915 $273K
16 Brooklyn Investment Group 0.01% 23,247 $255K
17 Robeco Institutional Asset Management B.V. 0.01% 359,391 $3.9M
18 YOUSIF CAPITAL MANAGEMENT, LLC 0.00% 34,974 $383K
19 OREGON PUBLIC EMPLOYEES RETIREMENT FUND 0.00% 29,890 $328K
20 Police & Firemen's Retirement System of New Jersey 0.00% 34,058 $373K
21 Sterling Capital Management LLC 0.00% 14,368 $157K
22 LRI Investments, LLC 0.00% 2,995 $33K
23 KLP KAPITALFORVALTNING AS 0.00% 58,000 $636K
24 SBI Securities Co., Ltd. 0.00% 7,989 $88K
25 Bell Investment Advisors, Inc 0.00% 1,264 $14K
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 — UPWORK INC (UPWK)

What does the Smart Money Trend signal show for UPWK?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added UPWK than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for UPWK?

More buyers than sellers — 60% buying: Last quarter: 194 funds were net buyers (74 opened a brand new position + 120 added to an existing one). Only 127 were sellers (83 trimmed + 44 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for UPWK holders?

Elite ownership — 46% AUM from top-100 funds: 39 of 289 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in UPWK. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held UPWK?

52% of holders stayed for 2+ years: 149 out of 289 hedge funds have held UPWK 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.

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.