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, Q4 2025
Institutional positions in Upwork, Inc as of Dec 31, 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
- 305
- +38 vs. Q3 2025
- Shares held
- 135.0M
- +13.8M (+11.4%) vs. Q3 2025
- Total value
- $2.68B
- +$424.8M (+18.9%) vs. Q3 2025
- New holders
- 77
- 117 more added
- Sold out
- 39
- 86 more reduced
10 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 297 | $1.06B |
| Q1 2026 | 292 | $1.48B |
| Q4 2025 | 305 | $2.68B |
| Q3 2025 | 277 | $2.27B |
| Q2 2025 | 269 | $1.58B |
| Q1 2025 | 279 | $1.53B |
| Q4 2024 | 254 | $1.80B |
| Q3 2024 | 221 | $1.09B |
| Q2 2024 | 250 | $1.12B |
| Q1 2024 | 250 | $1.24B |
| Q4 2023 | 258 | $1.58B |
| Q3 2023 | 232 | $1.24B |
| Q2 2023 | 214 | $959.8M |
| Q1 2023 | 230 | $1.08B |
| Q4 2022 | 219 | $1.02B |
| Q3 2022 | 228 | $1.36B |
| Q2 2022 | 227 | $2.10B |
| Q1 2022 | 235 | $2.27B |
| Q4 2021 | 271 | $3.27B |
| Q3 2021 | 280 | $4.20B |
| Q2 2021 | 269 | $5.07B |
| Q1 2021 | 270 | $3.77B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Upwork, Inc; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 20,061,827 | $397.6M | 0.01% | +8,517,035+73.8% | Added |
| Price T Rowe Associates Inc | 19,231,377 | $381.2M | 0.04% | +5,893,970+44.2% | Added |
| Vanguard Group Inc | 14,989,217 | $297.1M | 0.00% | +322,455+2.2% | Added |
| LSV Asset Management | 6,537,275 | $129.6M | 0.28% | +23,900+0.4% | Added |
| State Street Corp | 4,890,897 | $96.9M | 0.00% | +1,909,873+64.1% | Added |
| Ancient Art, L.P. | 4,640,814 | $92.0M | 20.81% | +372,147+8.7% | Added |
| Invesco Ltd. | 3,585,846 | $71.1M | 0.01% | +576,512+19.2% | Added |
| Capital International Investors | 3,288,860 | $65.2M | 0.01% | +900,318+37.7% | Added |
| Geode Capital Management, LLC | 3,084,004 | $61.1M | 0.00% | −1,1140.0% | Reduced |
| Boston Partners | 2,932,835 | $58.3M | 0.06% | +610,260+26.3% | Added |
| Dimensional Fund Advisors LP | 2,936,110 | $58.2M | 0.01% | +107,375+3.8% | Added |
| Morgan Stanley | 2,765,286 | $54.8M | 0.00% | −2,003,749−42.0% | Reduced |
| Goldman Sachs Group Inc | 2,196,594 | $43.5M | 0.01% | −1,425,911−39.4% | Reduced |
| Renaissance Technologies LLC | 2,159,042 | $42.8M | 0.07% | +356,327+19.8% | Added |
| FMR LLC | 2,158,021 | $42.8M | 0.00% | +2,145,595+17,267.0% | Added |
| Summit Partners Public Asset Management, LLC | 2,025,000 | $40.1M | 1.13% | +2,025,000 | New |
| Nuveen, LLC | 1,772,128 | $35.1M | 0.01% | −26,073−1.4% | Reduced |
| American Century Companies Inc | 1,401,718 | $27.8M | 0.01% | +710,289+102.7% | Added |
| Fiera Capital Corp | 1,379,902 | $27.3M | 0.09% | +338,002+32.4% | Added |
| Allianz Asset Management GmbH | 1,223,568 | $24.3M | 0.03% | −638,585−34.3% | Reduced |
| Northern Trust Corp | 1,221,540 | $24.2M | 0.00% | +26,321+2.2% | Added |
| Charles Schwab Investment Management Inc | 1,195,889 | $23.7M | 0.00% | +104,233+9.5% | Added |
| Bank of America Corp | 1,085,505 | $21.5M | 0.00% | −203,421−15.8% | Reduced |
| Baillie Gifford & Co | 1,030,754 | $20.4M | 0.02% | −147,509−12.5% | Reduced |
| Principal Financial Group Inc | 964,603 | $19.1M | 0.01% | +734,251+318.8% | Added |
| Wellington Management Group LLP | 923,133 | $18.3M | 0.00% | +284,127+44.5% | Added |
| Barclays PLC | 912,840 | $18.1M | 0.01% | −15,206−1.6% | Reduced |
| Deutsche Bank AG | 896,695 | $17.8M | 0.01% | +777,850+654.5% | Added |
| Two Sigma Investments, LP | 841,801 | $16.7M | 0.02% | −642,283−43.3% | Reduced |
| Bank of New York Mellon Corp | 753,165 | $14.9M | 0.00% | +324,418+75.7% | Added |
| Invenomic Capital Management LP | 735,100 | $14.6M | 0.70% | −599,441−44.9% | Reduced |
| Portolan Capital Management, LLC | 719,644 | $14.3M | 0.76% | +325,715+82.7% | Added |
| Ameriprise Financial Inc | 635,861 | $12.6M | 0.00% | +347,444+120.5% | Added |
| J. Goldman & Co LP | 541,259 | $10.7M | 0.42% | −228,488−29.7% | Reduced |
| Bridgewater Associates, LP | 541,073 | $10.7M | 0.04% | −99,986−15.6% | Reduced |
| Hillsdale Investment Management Inc. | 502,500 | $9.96M | 0.27% | −2,800−0.6% | Reduced |
| Grandeur Peak Global Advisors, LLC | 462,333 | $9.16M | 1.23% | −41,329−8.2% | Reduced |
| Public Sector Pension Investment Board | 452,229 | $8.96M | 0.03% | +452,229 | New |
| Janus Henderson Group PLC | 448,400 | $8.89M | 0.00% | +389,330+659.1% | Added |
| Kestrel Investment Management Corp | 435,500 | $8.63M | 4.89% | −15,500−3.4% | Reduced |
| UBS Group AG | 431,536 | $8.55M | 0.00% | −23,150−5.1% | Reduced |
| AQR Capital Management LLC | 431,206 | $8.55M | 0.00% | +130,302+43.3% | Added |
| Sofos Investments, Inc. | 401,665 | $7.96M | 1.53% | +10,355+2.6% | Added |
| SkyView Investment Advisors, LLC | 392,464 | $7.78M | 0.98% | −9,930−2.5% | Reduced |
| Circumference Group LLC | 385,000 | $7.63M | 8.51% | +10,000+2.7% | Added |
| State of Wisconsin Investment Board | 375,402 | $7.44M | 0.02% | +108,099+40.4% | Added |
| First Trust Advisors LP | 343,978 | $6.82M | 0.00% | +160,085+87.1% | Added |
| Legal & General Group Plc | 332,884 | $6.60M | 0.00% | +186,081+126.8% | Added |
| Clearbridge Investments, LLC | 332,525 | $6.59M | 0.01% | +332,525 | New |
| Alliancebernstein L.P. | 328,153 | $6.50M | 0.00% | −20,916−6.0% | Reduced |
| Rhumbline Advisers | 327,073 | $6.48M | 0.01% | +140,457+75.3% | Added |
| King Luther Capital Management Corp | 317,542 | $6.29M | 0.03% | +1,465+0.5% | Added |
| Arrowstreet Capital, Limited Partnership | 314,194 | $6.23M | 0.00% | −729,644−69.9% | Reduced |
| New York State Common Retirement Fund | 303,195 | $6.01M | 0.01% | +5,200+1.7% | Added |
| Danske Bank A/S | 301,573 | $5.98M | 0.01% | −73,629−19.6% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 302,470 | $5.96M | 0.01% | −67,510−18.2% | Reduced |
| Schroder Investment Management Group | 290,843 | $5.69M | 0.00% | +290,843 | New |
| Franklin Resources Inc | 274,780 | $5.45M | 0.00% | +248+0.1% | Added |
| Jupiter Asset Management Ltd | 274,730 | $5.45M | 0.04% | −232,347−45.8% | Reduced |
| Globeflex Capital L P | 269,640 | $5.34M | 0.82% | 00.0% | Unchanged |
| Resources Investment Advisors, LLC. | 257,916 | $5.11M | 0.05% | −10,484−3.9% | Reduced |
| Swiss National Bank | 248,400 | $4.92M | 0.00% | +6,000+2.5% | Added |
| Wells Fargo & Company | 243,391 | $4.82M | 0.00% | +66,284+37.4% | Added |
| UBS Asset Management Americas Inc | 237,950 | $4.72M | 0.00% | −31,523−11.7% | Reduced |
| Algert Global LLC | 234,610 | $4.65M | 0.07% | −1,410−0.6% | Reduced |
| Nordea Investment Management AB | 221,512 | $4.39M | 0.00% | −25,053−10.2% | Reduced |
| Penserra Capital Management LLC | 208,511 | $4.13M | 0.05% | +1,902+0.9% | Added |
| Squarepoint Ops LLC | 186,416 | $3.69M | 0.01% | −424,749−69.5% | Reduced |
| Royal Bank of Canada | 180,179 | $3.57M | 0.00% | −274,947−60.4% | Reduced |
| Acadian Asset Management LLC | 173,643 | $3.44M | 0.01% | −209,107−54.6% | Reduced |
| Empowered Funds, LLC | 171,753 | $3.40M | 0.06% | +101,987+146.2% | Added |
| Burney Co | 168,627 | $3.34M | 0.10% | +168,627 | New |
| Robeco Institutional Asset Management B.V. | 165,759 | $3.29M | 0.00% | −29,707−15.2% | Reduced |
| Victory Capital Management Inc | 163,526 | $3.24M | 0.00% | −16,087−9.0% | Reduced |
| Gotham Asset Management, LLC | 162,516 | $3.22M | 0.01% | −59,646−26.8% | Reduced |
| SG Americas Securities, LLC | 162,256 | $3.22M | 0.00% | +68,475+73.0% | Added |
| Voya Investment Management LLC | 154,672 | $3.07M | 0.00% | +132,146+586.6% | Added |
| State of Wyoming | 146,941 | $2.91M | 0.32% | +16,284+12.5% | Added |
| Man Group plc | 145,838 | $2.89M | 0.01% | −62,972−30.2% | Reduced |
| Essex Investment Management Co LLC | 135,636 | $2.69M | 0.41% | −2,992−2.2% | Reduced |
| Prudential Financial Inc | 122,130 | $2.42M | 0.00% | +92,868+317.4% | Added |
| Teachers Retirement System of the State of Kentucky | 120,710 | $2.39M | 0.02% | +73,311+154.7% | Added |
| California State Teachers Retirement System | 119,165 | $2.36M | 0.00% | +3,300+2.8% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 117,903 | $2.34M | 0.00% | +116,549+8,607.8% | Added |
| Group One Trading, L.P. | 117,168 | $2.32M | 0.07% | +87,368+293.2% | Added |
| Polar Asset Management Partners Inc. | 114,741 | $2.27M | 0.05% | −367,031−76.2% | Reduced |
| Capital Fund Management S.A. | 109,717 | $2.17M | 0.02% | −210,600−65.7% | Reduced |
| Great West Life Assurance Co | 107,479 | $2.13M | 0.00% | +61,773+135.2% | Added |
| JPMorgan Chase & Co | 105,438 | $2.09M | 0.00% | −82,400−43.9% | Reduced |
| State of Alaska, Department of Revenue | 105,258 | $2.08M | 0.02% | +98,943+1,566.8% | Added |
| Thrivent Financial for Lutherans | 104,183 | $2.06M | 0.00% | +89,777+623.2% | Added |
| SEI Investments Co | 101,524 | $2.01M | 0.00% | +1,492+1.5% | Added |
| Cary Street Partners Financial LLC | 99,230 | $1.97M | 0.05% | −3,690−3.6% | Reduced |
| Verition Fund Management LLC | 98,991 | $1.96M | 0.01% | +19,712+24.9% | Added |
| Envestnet Asset Management Inc | 98,381 | $1.95M | 0.00% | +5,382+5.8% | Added |
| LPL Financial LLC | 88,914 | $1.76M | 0.00% | +69,098+348.7% | Added |
| Citigroup Inc | 85,097 | $1.69M | 0.00% | +2,765+3.4% | Added |
| Engineers Gate Manager LP | 83,393 | $1.65M | 0.02% | +83,393 | New |
| Cerity Partners LLC | 80,929 | $1.60M | 0.00% | +4,834+6.4% | Added |
| New York State Teachers Retirement System | 73,287 | $1.45M | 0.00% | +61,976+547.9% | Added |