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UPWK in the 13F filings

Upwork Inc · CUSIP 91688F104

Sector · Software and IT servicesTheme · Internet, programming and data services
Quarter
Q3 2026 · early filersQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
26
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 5 listed it in both
Shares listed
32,867,445
combined, among listed positions
Reported value
$651m
combined, at the quarter end

Among the 92 comparable managers: 10 buyers (opened or added shares) and 23 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,511,989.

Managers listing UPWK in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

26 of 26 holders

ActionFiling
T. Rowe Price Associates Inc19,231,377$381munder 0.1%Added+5,893,97017 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,585,846$71munder 0.1%Added+576,51219 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC2,159,042$43m0.07%Added+356,32712 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)2,158,021$43munder 0.1%Added+2,145,59517 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co1,030,754$20munder 0.1%Trimmed-147,50923 Jan 2026 (the filing on sec.gov)
Wellington Management Group LLP923,133$18munder 0.1%Added+284,12717 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP841,801$17munder 0.1%Trimmed-642,28317 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP541,073$11munder 0.1%Trimmed-99,98613 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd448,400$8.9munder 0.1%Added+389,33017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC431,206$8.5munder 0.1%Added+130,30217 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP328,153$6.5munder 0.1%Trimmed-20,91617 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP314,194$6.2munder 0.1%Trimmed-729,64413 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC186,416$3.7munder 0.1%Trimmed-424,74913 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC173,643$3.4munder 0.1%Trimmed-209,10710 Feb 2026 (the filing on sec.gov)
Man Group PLC145,838$2.9munder 0.1%Trimmed-62,97217 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC98,991$2.0munder 0.1%Added+19,71213 Feb 2026 (the filing on sec.gov)
Millennium Management LLC50,506$1.0munder 0.1%Trimmed-522,36517 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP48,049$952kunder 0.1%Trimmed-144,78113 Feb 2026 (the filing on sec.gov)
Polen Capital Management LLC43,111$854kunder 0.1%Added+31,72712 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP35,098$696kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC31,125$617kunder 0.1%Trimmed-789,66017 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.28,410$563kunder 0.1%Trimmed-252,44617 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP13,225$262kunder 0.1%Trimmed-292,71817 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC11,802$234kunder 0.1%Trimmed-171,12517 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP4,774$95kunder 0.1%Trimmed-33,06110 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (1)

Exited (7)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
3 in Q3 2024 to 2 in Q2 2026

Tracked managers listing it, at least.

05101520192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
UPWK by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20184$241mn.a.n.a.
Q1 20194$250mn.a.n.a.
Q2 20193$79mn.a.n.a.
Q3 20196$67mn.a.n.a.
Q4 20196$38mn.a.n.a.
Q1 20204$17mn.a.n.a.
Q2 20204$39mn.a.n.a.
Q3 20205$81mn.a.n.a.
Q4 202011$517mn.a.n.a.
Q1 20217$626mn.a.n.a.
Q2 20217$1.0bnn.a.n.a.
Q3 20216$966mn.a.n.a.
Q4 20215$625mn.a.n.a.
Q1 20226$279mn.a.n.a.
Q2 20227$254mn.a.n.a.
Q3 20225$165mn.a.n.a.
Q4 20225$104mn.a.n.a.
Q1 20235$115mn.a.n.a.
Q2 20235$104mn.a.n.a.
Q3 20237$149mn.a.n.a.
Q4 20236$160m33
Q1 20246$129m33
Q2 20245$90m23
Q3 20243$59m12
Q4 20248$423m62
Q1 20256$317m24
Q2 20257$312m34
Q3 20257$324m52
Q4 20255$456m1023
Q1 20262$195m1515
Q2 20262$2.9m209

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

UPWK and GOOGL →UPWK and META →UPWK and SPCX →Choose a stock to compare with UPWK →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own UPWK, latest filings →Back to the 13F Explorer →