Upwork, Inc: which funds bought and sold
Institutions that bought and sold Upwork shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 170 institutions that filed 13F reports for both quarters added to or opened positions in Upwork, and 131 cut or closed them. Together they sold a net 7.8M shares, −5.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 14.3M shares (−28.7%); index fund managers were net buyers of 34K shares (+0.1%). 53 opened a new position and 46 sold out entirely.
Bought, Q2 2026 170 institutions, 53 of them new holders Sold, Q2 2026 131 institutions, 46 of them sold out
Net change, all compared −7.8M shares (−5.8%)
Net change, active managers −14.3M shares (−28.7%), 32 bought, 21 sold
Buyers versus sellers
170 bought 36 131 sold
Active managers and hedge funds 32 bought · 21 sold · −14.3M
Index fund managers 5 bought · 5 sold · +34K
Other institutions 133 bought · 105 sold · +6.4M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Goldman Sachs Group Inc | +1.7M +67.4% | 4.3M | $35.7M |
| Rice Hall James & Associates, LLC | +1.5M +112.3% | 2.8M | $23.2M |
| Citadel Advisors LLC Hedge fund | +1.4M +615.2% | 1.7M | $13.8M |
| Morgan Stanley | +1.3M +107.8% | 2.5M | $20.6M |
| Ancient Art, L.P. | +1.3M +21.3% | 7.2M | $60.4M |
| Arrowstreet Capital, Limited Partnership Hedge fund | +1.3M +541.9% | 1.5M | $12.4M |
| Royce & Associates LP Active manager | +1.1M New position | 1.1M | $9M |
| Dimensional Fund Advisors LP | +1.0M +27.7% | 4.7M | $39.7M |
| OP Asset Management Ltd | +980K New position | 980K | $8.2M |
| AQR Capital Management LLC Hedge fund | +927K +592.0% | 1.1M | $9.1M |
| Acadian Asset Management LLC Active manager | +889K +1506.0% | 948K | $7.9M |
| Millennium Management LLC Hedge fund | +818K +79.0% | 1.9M | $15.5M |
| Two Sigma Investments, LP Hedge fund | +733K +95.7% | 1.5M | $12.5M |
| UBS Group AG | +586K +37.7% | 2.1M | $17.9M |
| Invenomic Capital Management LP Hedge fund | +492K +25.7% | 2.4M | $20.1M |
| Squarepoint Ops LLC Hedge fund | +470K +176.3% | 737K | $6.2M |
| Man Group PLC Hedge fund | +414K +192.1% | 629K | $5.3M |
| Blackrock, Inc. Index funds | +404K +2.1% | 19.3M | $161M |
| Point72 Asset Management, L.P. Hedge fund | +390K New position | 390K | $3.3M |
| Jump Financial, LLC | +353K New position | 353K | $2.9M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Citadel Advisors LLC Hedge fund | +1.4M +615.2% | 1.7M | $13.8M |
| Arrowstreet Capital, Limited Partnership Hedge fund | +1.3M +541.9% | 1.5M | $12.4M |
| Royce & Associates LP Active manager | +1.1M New position | 1.1M | $9M |
| AQR Capital Management LLC Hedge fund | +927K +592.0% | 1.1M | $9.1M |
| Acadian Asset Management LLC Active manager | +889K +1506.0% | 948K | $7.9M |
| Millennium Management LLC Hedge fund | +818K +79.0% | 1.9M | $15.5M |
| Two Sigma Investments, LP Hedge fund | +733K +95.7% | 1.5M | $12.5M |
| Invenomic Capital Management LP Hedge fund | +492K +25.7% | 2.4M | $20.1M |
| Squarepoint Ops LLC Hedge fund | +470K +176.3% | 737K | $6.2M |
| Man Group PLC Hedge fund | +414K +192.1% | 629K | $5.3M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Price T Rowe Associates Inc Active manager | −17.2M −98.6% | 239K | $2M |
| Boston Partners Active manager | −2.9M −92.7% | 229K | $1.9M |
| FMR LLC Active manager | −2.4M −77.6% | 687K | $5.7M |
| Portolan Capital Management, LLC | −1.6M Sold out | 0 | — |
| Deutsche Bank Ag\ | −1.6M −91.6% | 142K | $1.2M |
| Wellington Management Group LLP Active manager | −871K Sold out | 0 | — |
| Fiera Capital Corp | −528K −42.9% | 704K | $5.9M |
| Xtx Topco Ltd | −420K −74.3% | 145K | $1.2M |
| LSV Asset Management Active manager | −411K −6.0% | 6.4M | $53.4M |
| Clearbridge Investments, LLC Active manager | −388K Sold out | 0 | — |
| Renaissance Technologies LLC Hedge fund | −359K −17.6% | 1.7M | $14.1M |
| First Trust Advisors LP | −353K −96.8% | 12K | $98,405 |
| Winton Group Ltd Hedge fund | −318K Sold out | 0 | — |
| King Luther Capital Management Corp Active manager | −318K Sold out | 0 | — |
| Vanguard Capital Management LLC Index funds | −299K −5.3% | 5.3M | $44.4M |
| Charles Schwab Investment Management Inc Index funds | −290K −23.6% | 942K | $7.9M |
| Invesco Ltd. | −273K −33.6% | 539K | $4.5M |
| Peak6 LLC | −265K −77.5% | 77K | $645,651 |
| Natixis | −258K Sold out | 0 | — |
| Bank Of America Corp | −225K −24.2% | 704K | $5.9M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Price T Rowe Associates Inc Active manager | −17.2M −98.6% | 239K | $2M |
| Boston Partners Active manager | −2.9M −92.7% | 229K | $1.9M |
| FMR LLC Active manager | −2.4M −77.6% | 687K | $5.7M |
| Wellington Management Group LLP Active manager | −871K Sold out | 0 | — |
| LSV Asset Management Active manager | −411K −6.0% | 6.4M | $53.4M |
| Clearbridge Investments, LLC Active manager | −388K Sold out | 0 | — |
| Renaissance Technologies LLC Hedge fund | −359K −17.6% | 1.7M | $14.1M |
| Winton Group Ltd Hedge fund | −318K Sold out | 0 | — |
| King Luther Capital Management Corp Active manager | −318K Sold out | 0 | — |
| Schroder Investment Management Group Active manager | −123K Sold out | 0 | — |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Royce & Associates LPActive manager | 1.1M | $9M |
| OP Asset Management Ltd | 980K | $8.2M |
| Point72 Asset Management, L.P.Hedge fund | 390K | $3.3M |
| Jump Financial, LLC | 353K | $2.9M |
| Sparta 24 Ltd. | 297K | $2.5M |
| Federated Hermes, Inc.Active manager | 286K | $2.4M |
| Landscape Capital Management, L.L.C. | 258K | $2.2M |
| Avestar Capital, LLC | 208K | $1.7M |
| Baader Bank Aktiengesellschaft | 200K | $1.7M |
| Segall Bryant & Hamill, LLCActive manager | 193K | $1.6M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Portolan Capital Management, LLC | 1.6M | $17.2M |
| Wellington Management Group LLPActive manager | 871K | $9.5M |
| Clearbridge Investments, LLCActive manager | 388K | $4.3M |
| Winton Group LtdHedge fund | 318K | $3.5M |
| King Luther Capital Management CorpActive manager | 318K | $3.5M |
| Natixis | 258K | $2.8M |
| Hussman Strategic Advisors, Inc. | 210K | $2.3M |
| Ardsley Advisory Partners LP | 190K | $2.1M |
| Elo Mutual Pension Insurance Co | 156K | $1.7M |
| Picton Mahoney Asset Management | 142K | $1.6M |
Who holds the shares
- Institutions reporting
- 296
- Ten largest holders
- 54.1% of 13F-reported shares
- Index fund managers
- 35.0% of 13F-reported shares
- Active managers and hedge funds
- 28.0% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 32 | 21 | 7 | 11 | −14.3M | −28.7% |
| Index fund managers | 5 | 5 | 0 | 0 | +34K | +0.1% |
| Other institutions | 133 | 105 | 46 | 35 | +6.4M | +16.0% |