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Upwork, Inc

UPWK
Exchange
Nasdaq
Industry
Services-Computer Processing & Data Preparation
SEC CIK
0001627475

In the last 90 days, Upwork, Inc insiders filed 0 open-market purchases and 8 sales; 297 institutions reported holding it in 13F filings for Q2 2026, worth $1.06B in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Upwork, Inc as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
277
+12 vs. Q2 2025
Shares held
122.4M
+5.36M (+4.6%) vs. Q2 2025
Total value
$2.27B
+$699.4M (+44.4%) vs. Q2 2025
New holders
50
95 more added
Sold out
38
96 more reduced

4 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting UPWK on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 277 institutions
Q1 2021: 270 institutionsQ2 2021: 269 institutionsQ3 2021: 280 institutionsQ4 2021: 271 institutionsQ1 2022: 235 institutionsQ2 2022: 227 institutionsQ3 2022: 228 institutionsQ4 2022: 219 institutionsQ1 2023: 230 institutionsQ2 2023: 214 institutionsQ3 2023: 232 institutionsQ4 2023: 258 institutionsQ1 2024: 250 institutionsQ2 2024: 250 institutionsQ3 2024: 221 institutionsQ4 2024: 254 institutionsQ1 2025: 279 institutionsQ2 2025: 269 institutionsQ3 2025: 277 institutionsQ4 2025: 305 institutionsQ1 2026: 292 institutionsQ2 2026: 297 institutions
Value heldQ3 2025: $2.27B
Q1 2021: $3.77BQ2 2021: $5.07BQ3 2021: $4.20BQ4 2021: $3.27BQ1 2022: $2.27BQ2 2022: $2.10BQ3 2022: $1.36BQ4 2022: $1.02BQ1 2023: $1.08BQ2 2023: $959.8MQ3 2023: $1.24BQ4 2023: $1.58BQ1 2024: $1.24BQ2 2024: $1.12BQ3 2024: $1.09BQ4 2024: $1.80BQ1 2025: $1.53BQ2 2025: $1.58BQ3 2025: $2.27BQ4 2025: $2.68BQ1 2026: $1.48BQ2 2026: $1.06B
Institutions holding UPWK and their total value by quarter
QuarterHoldersValue
Q2 2026297$1.06B
Q1 2026292$1.48B
Q4 2025305$2.68B
Q3 2025277$2.27B
Q2 2025269$1.58B
Q1 2025279$1.53B
Q4 2024254$1.80B
Q3 2024221$1.09B
Q2 2024250$1.12B
Q1 2024250$1.24B
Q4 2023258$1.58B
Q3 2023232$1.24B
Q2 2023214$959.8M
Q1 2023230$1.08B
Q4 2022219$1.02B
Q3 2022228$1.36B
Q2 2022227$2.10B
Q1 2022235$2.27B
Q4 2021271$3.27B
Q3 2021280$4.20B
Q2 2021269$5.07B
Q1 2021270$3.77B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Upwork, Inc; share changes are against Q2 2025.

Institutions holding UPWK in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Yorktown Management & Research Co Inc21,900$406.7K0.32%+21,900New
Colony Group, LLC22,100$410.4K0.00%+16+0.1%Added
Voya Investment Management LLC22,526$418.3K0.00%−11,640−34.1%Reduced
O'Brien Wealth Partners LLC23,571$437.7K0.06%00.0%Unchanged
Raymond James Financial Inc24,004$445.8K0.00%+928+4.0%Added
Campbell & CO Investment Adviser LLC24,516$455.3K0.03%−226,747−90.2%Reduced
KLP Kapitalforvaltning AS25,600$475.4K0.00%00.0%Unchanged
Bayesian Capital Management, LP26,450$491.2K0.10%−26,900−50.4%Reduced
HSBC Holdings PLC26,730$492.8K0.00%−18,942−41.5%Reduced
Commonwealth Equity Services, LLC27,010$502.0K0.00%−990−3.5%Reduced
Alps Advisors Inc27,045$502.2K0.00%−1,135−4.0%Reduced
Jennison Associates LLC27,394$508.7K0.00%−25,580−48.3%Reduced
Harbor Capital Advisors, Inc.27,751$515.0K0.04%+2,741+11.0%Added
Aviva PLC28,847$535.7K0.00%−2,791−8.8%Reduced
Prudential Financial Inc29,262$543.4K0.00%+6,935+31.1%Added
Group One Trading, L.P.29,800$553.4K0.02%+29,800New
Synergy Financial Group, LTD31,033$576.3K0.39%00.0%Unchanged
Handelsbanken Fonder AB31,500$585.0K0.00%00.0%Unchanged
Mercer Global Advisors Inc31,550$585.9K0.00%+31,550New
Straightline Group LLC38,302$617.4K0.36%+1,159+3.1%Added
Walleye Capital LLC33,729$626.3K0.01%+33,729New
PEAK6 LLC34,417$639.1K0.02%+21,229+161.0%Added
Police & Firemen's Retirement System of New Jersey34,512$640.9K0.01%+7,016+25.5%Added
Brinker Capital Investments, LLC34,816$646.5K0.01%−970−2.7%Reduced
Creative Planning36,035$669.2K0.00%+6,796+23.2%Added
Groupama Asset Managment–$679.4K0.01%––
Arizona State Retirement System36,980$686.7K0.00%−576−1.5%Reduced
Quantbot Technologies LP37,835$702.6K0.02%−46,688−55.2%Reduced
Smith Group Asset Management, LLC38,030$706.2K0.04%+1,145+3.1%Added
State Board of Administration of Florida Retirement System38,118$707.9K0.00%00.0%Unchanged
Jump Financial, LLC38,773$720.0K0.01%+38,773New
Assetmark, Inc39,942$741.7K0.00%+273+0.7%Added
Zurcher Kantonalbank (Zurich Cantonalbank)39,969$742.2K0.00%−503−1.2%Reduced
Legato Capital Management LLC40,168$745.9K0.08%00.0%Unchanged
Amundi47,896$833.4K0.00%−6,948−12.7%Reduced
Lazard Asset Management LLC45,381$842.7K0.00%+1,303+3.0%Added
CI Private Wealth, LLC46,244$858.8K0.00%−33,966−42.3%Reduced
Aviance Capital Partners, LLC46,413$861.9K0.10%+340+0.7%Added
Great West Life Assurance Co45,706$868.0K0.00%00.0%Unchanged
Teachers Retirement System of the State of Kentucky47,399$880.0K0.01%+47,399New
Intech Investment Management LLC49,290$915.3K0.01%−23,827−32.6%Reduced
Quest Partners LLC50,326$934.6K0.06%+24,413+94.2%Added
Parallax Volatility Advisers, L.P.51,248$951.7K0.03%+17,720+52.9%Added
Grantham, Mayo, Van Otterloo & Co. LLC51,365$953.8K0.00%+21,171+70.1%Added
CWM Advisors, LLC54,297$1.01M0.10%−8,751−13.9%Reduced
Bridgefront Capital, LLC54,326$1.01M0.30%+54,326New
Mirae Asset Global ETFs Holdings Ltd.56,942$1.06M0.00%−11,253−16.5%Reduced
Advisor Group Holdings, Inc.68,825$1.07M0.00%+61,592+851.5%Added
Landscape Capital Management, L.L.C.58,666$1.09M0.07%+58,666New
Janus Henderson Group PLC59,070$1.10M0.00%00.0%Unchanged
Simplex Trading, LLC60,202$1.12M0.02%−8,397−12.2%Reduced
Manufacturers Life Insurance Company, The61,451$1.14M0.00%−3,959−6.1%Reduced
Integrated Quantitative Investments LLC63,839$1.19M0.34%+63,839New
Gsa Capital Partners LLP68,042$1.26M0.11%−49,915−42.3%Reduced
Teacher Retirement System of Texas69,010$1.28M0.01%+2,357+3.5%Added
Empowered Funds, LLC69,766$1.30M0.01%+69,766New
MetLife Investment Management73,409$1.36M0.01%−1,467−2.0%Reduced
Cerity Partners LLC76,095$1.41M0.00%+8,390+12.4%Added
BNP Paribas Arbitrage, SA76,356$1.42M0.00%+37,562+96.8%Added
Elo Mutual Pension Insurance Co76,377$1.42M0.02%−17,623−18.7%Reduced
Capstone Investment Advisors, LLC78,646$1.46M0.01%+78,646New
Verition Fund Management LLC79,279$1.47M0.01%−920,903−92.1%Reduced
Stifel Financial Corp79,301$1.47M0.00%−1,173−1.5%Reduced
Citigroup Inc82,332$1.53M0.00%−3,741−4.3%Reduced
Picton Mahoney Asset Management88,764$1.65M0.02%+88,764New
Bailard, Inc.89,872$1.67M0.04%−6,700−6.9%Reduced
Fox Run Management, L.L.C.92,698$1.72M0.27%+46,622+101.2%Added
Envestnet Asset Management Inc92,999$1.73M0.00%−2,826−2.9%Reduced
Edgestream Partners, L.P.93,346$1.73M0.05%−82,977−47.1%Reduced
SG Americas Securities, LLC93,781$1.74M0.01%+29,446+45.8%Added
Segall Bryant & Hamill, LLC95,183$1.77M0.02%+95,183New
SEI Investments Co100,032$1.86M0.00%−179,733−64.2%Reduced
Cary Street Partners Financial LLC102,920$1.91M0.05%+250+0.2%Added
First Pacific Advisors, LP104,881$1.95M0.03%00.0%Unchanged
Hussman Strategic Advisors, Inc.105,000$1.95M0.42%+21,000+25.0%Added
AXA Investment Managers S.A.111,813$2.08M0.01%+111,813New
Omers Administration Corp115,300$2.14M0.02%00.0%Unchanged
California State Teachers Retirement System115,865$2.15M0.00%+60.0%Added
Deutsche Bank AG118,845$2.21M0.00%+11,218+10.4%Added
State of Wyoming130,657$2.43M0.28%−6,387−4.7%Reduced
Los Angeles Capital Management LLC136,981$2.54M0.01%−3,411−2.4%Reduced
Essex Investment Management Co LLC138,628$2.57M0.39%+4,432+3.3%Added
Aquatic Capital Management LLC141,920$2.64M0.05%+47,028+49.6%Added
Ruffer LLP146,239$2.72M0.15%+146,239New
Legal & General Group Plc146,803$2.73M0.00%−9,122−5.9%Reduced
Divisadero Street Capital Management, LP158,125$2.94M0.14%00.0%Unchanged
Alternative Investment Advisors, LLC.161,997$3.01M1.37%+161,997New
Wells Fargo & Company177,107$3.29M0.00%−31,498−15.1%Reduced
Victory Capital Management Inc179,613$3.34M0.00%+37,010+26.0%Added
Schonfeld Strategic Advisors LLC182,927$3.40M0.02%−121,536−39.9%Reduced
First Trust Advisors LP183,893$3.41M0.00%−127,206−40.9%Reduced
Maverick Capital LtdSuperinvestorMaverick Capital184,755$3.43M0.05%+184,755New
Rhumbline Advisers186,616$3.47M0.00%−6,583−3.4%Reduced
JPMorgan Chase & Co187,838$3.49M0.00%−44,563−19.2%Reduced
Marshall Wace, LLP192,830$3.58M0.00%+35,218+22.3%Added
Voloridge Investment Management, LLC193,768$3.60M0.01%−509,098−72.4%Reduced
Robeco Institutional Asset Management B.V.195,466$3.63M0.01%+23,588+13.7%Added
Trexquant Investment LP204,041$3.79M0.04%−53,152−20.7%Reduced
Penserra Capital Management LLC206,609$3.84M0.05%−5,965−2.8%Reduced
Man Group plc208,810$3.88M0.01%+14,155+7.3%Added