UPWORK, INC (UPWK) Institutional Ownership

Top holders, 13F buying & selling, as of Mar 31, 2026
Institutional Snapshot

As of the Mar 31, 2026 13F filing cycle, 237 institutions reported holding UPWORK, INC (UPWK), together worth $1.03B. Compared to Dec 31, 2025: 115 increased their position, 0 opened a new one, 92 trimmed, and 0 fully exited, a net addition of 2.02M shares. The 10 largest institutional holders control +83% of all institutionally-held shares. Notable names on the list include RENAISSANCE TECHNOLOGIES LLC, TWO SIGMA INVESTMENTS, LP, MILLENNIUM MANAGEMENT LLC.

Net Flow
Net Buying
2.02M shares this cycle
Breadth
0 new, 0 exited
237 total institutional holders
Concentration
+83% in top 10
Fairly concentrated
Institutional Ownership Overview

As of the Mar 31, 2026 13F filing cycle, compared to Dec 31, 2025. Institutions have up to 45 days after quarter-end to file, so this can lag real-time positioning.

Total institutions
237
Total value held
$1.03B
Total shares held
119.59M
Net value change
-$741.26M
115
Increased
0
New
30
Unchanged
92
Decreased
0
Exited
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Biggest Conviction Changes

The largest position increases, new positions, decreases, and confirmed exits this cycle. Percent-change lists below require at least a $1M prior-quarter position, so a fund going from a handful of shares to a few thousand does not crowd out real, sized moves.

Biggest increases (by %)
MILLENNIUM MANAGEMENT LLC · +1950.1% ($11.35M)
BNP PARIBAS FINANCIAL MARKETS · +457.8% ($4.12M)
JUPITER ASSET MANAGEMENT LTD · +419.9% ($15.65M)
JPMORGAN CHASE & CO · +289.6% ($4.34M)
UBS Group AG · +260.7% ($17.06M)
Largest new positions
None on record.
Biggest decreases (by %)
BARCLAYS PLC · -97.1% ($294.9K left)
Grandeur Peak Global Advisors, LLC · -89.2% ($549.5K left)
J. Goldman & Co LP · -86.9% ($1.64M left)
JANUS HENDERSON GROUP PLC · -86.8% ($647.1K left)
Verition Fund Management LLC · -85.6% ($155.9K left)
Confirmed full exits
None on record.
Notable Names

A small, non-exhaustive list of well-known funds and passive index giants we checked for by name, not a comprehensive classification of every institution on record.

Recognized funds holding UPWK
RENAISSANCE TECHNOLOGIES LLC · $22.36M (Decreased)
TWO SIGMA INVESTMENTS, LP · $8.40M (Decreased)
MILLENNIUM MANAGEMENT LLC · $11.35M (Increased)
CITADEL ADVISORS LLC · $7.67M (Increased)
Passive index giants
GEODE CAPITAL MANAGEMENT, LLC · $34.46M
BlackRock, Inc. · $206.66M
NORTHERN TRUST CORP · $13.62M
STATE STREET CORP · $56.17M

These alone represent about +30% of total institutional value on record, a rough floor for index-driven (not conviction-driven) ownership.

The 20 Largest Institutional Holders

"Since prior quarter" return uses each holder's prior-quarter value divided by prior-quarter shares as a rough implied entry price, not their real cost basis, which is not disclosed in 13F filings.

InstitutionStatusSharesValueChangeSince Prior Qtr
VANGUARD GROUP INCUnclear (Last Known)14.99M$297.09M-54.5%
BlackRock, Inc.Decreased18.86M$206.66M-6.01%-54.5%
Ancient Art, L.P.Increased5.96M$65.32M+28.42%-54.5%
STATE STREET CORPIncreased5.13M$56.17M+4.79%-54.5%
Capital International InvestorsIncreased4.72M$51.77M+43.62%-54.5%
DIMENSIONAL FUND ADVISORS LPIncreased3.72M$40.72M+26.55%-54.5%
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLCUnclear (Last Known)2.02M$40.14M-54.5%
Boston PartnersIncreased3.15M$34.56M+7.54%-54.6%
GEODE CAPITAL MANAGEMENT, LLCIncreased3.14M$34.46M+1.92%-54.5%
FMR LLCIncreased3.07M$33.65M+42.27%-54.5%
GOLDMAN SACHS GROUP INCIncreased2.55M$27.96M+16.13%-54.5%
RENAISSANCE TECHNOLOGIES LLCDecreased2.04M$22.36M-5.50%-54.5%
Invenomic Capital Management LPIncreased1.91M$20.98M+160.44%-54.5%
BAILLIE GIFFORD & COUnclear (Last Known)1.03M$20.43M-54.5%
DEUTSCHE BANK AG\Increased1.69M$18.55M+88.77%-54.5%
Portolan Capital Management, LLCIncreased1.57M$17.21M+118.24%-54.5%
UBS Group AGIncreased1.56M$17.06M+260.69%-54.5%
JUPITER ASSET MANAGEMENT LTDIncreased1.43M$15.65M+419.89%-54.5%
AMERICAN CENTURY COMPANIES INCDecreased1.31M$14.31M-6.84%-54.5%
NORTHERN TRUST CORPIncreased1.24M$13.62M+1.72%-54.5%
Frequently Asked Questions
How many institutions hold UPWK stock?

237 institutions reported a position in UPWORK, INC as of the Mar 31, 2026 13F filing cycle, worth a combined $1.03B.

Are institutions buying or selling UPWK?

Comparing Mar 31, 2026 to Dec 31, 2025: 115 institutions increased their position and 0 opened new ones, while 92 decreased and 0 fully exited. Net share change: 2.02M.

How concentrated is institutional ownership of UPWK?

The top 10 institutional holders control +83% of all shares held by institutions on record, a fairly concentrated group of holders.

How current is this institutional ownership data?

This reflects the Mar 31, 2026 13F filing cycle. Institutional investors have up to 45 days after quarter-end to file, so this data can lag real-time positioning by 1-3 months, and only U.S.-registered institutional managers above the SEC's reporting threshold are required to file at all.

Sourced from SEC 13F filings for UPWK. This table holds one snapshot per institution, not a multi-quarter history, so no ownership trend over years, historical percentile, or fund track record is shown, since that data is not available here. Only U.S.-registered institutional investment managers above the SEC's reporting threshold are required to file 13Fs; hedge funds, foreign investors, and smaller managers may not appear. This is historical data, not investment advice. Read disclaimer →