UPWORK, INC (UPWK) — Institutional Holders, Q2 2026

312 institutional investment managers reported a UPWK position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $1.4B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← UPWK stock profile

UPWK in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

117

Trimmed

Sold out

Biggest buyers

GOLDMAN SACHS GROUPAdded · +1,719,424 sh+$14.4M
RICE HALL JAMES & ASSOCIATESAdded · +1,468,638 sh+$12.3M
CITADEL ADVISORSAdded · +1,424,134 sh+$11.9M
MORGAN STANLEYAdded · +1,278,271 sh+$10.7M
Ancient Art, L.P.Added · +1,268,621 sh+$10.6M

Biggest sellers

PRICE T ROWE ASSOCIATESTrimmed · -17,196,610 sh-$143.8M
Boston PartnersTrimmed · -2,925,054 sh-$24.5M
FMRTrimmed · -2,382,836 sh-$19.9M
Portolan Capital ManagementSold out · -1,570,560 sh-$13.1M
DEUTSCHE BANK AG\Trimmed · -1,550,303 sh-$13.0M

UPWK 13F holders ranked 1–100 of 312

Institutional investors reporting a position in UPWORK, INC on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	BlackRock#1 · 22,175,723 sh	22,175,723	$163.9M	<0.01%	+1.9%
2	CAMDEN ASSET MANAGEMENT L P#2 · 79,023,000 sh	79,023,000	$78.2M	2.28%	0.0%
3	TENOR CAPITAL MANAGEMENT , L.P.#3 · 75,000,000 sh	75,000,000	$74.8M	1.05%	0.0%
4	VANGUARD PORTFOLIO MANAGEMENT#4 · 7,898,745 sh	7,898,745	$66.0M	<0.01%	+1.6%
5	DeepCurrents Investment Group#5 · 63,286,000 sh	63,286,000	$62.8M	1.90%	+18.8%
6	Ancient Art, L.P.#6 · 7,228,530 sh	7,228,530	$60.4M	12.35%	+21.3%
7	LSV ASSET MANAGEMENT#7 · 6,381,628 sh	6,381,628	$53.4M	0.10%	-6.0%
8	STATE STREET#8 · 14,220,259 sh	14,220,259	$52.4M	<0.01%	+12.4%
9	VANGUARD CAPITAL MANAGEMENT#9 · 5,313,767 sh	5,313,767	$44.4M	<0.01%	-5.3%
10	Capital International Investors#10 · 4,857,612 sh	4,857,612	$40.6M	<0.01%	+2.8%
11	DIMENSIONAL FUND ADVISORS#11 · 4,743,484 sh	4,743,484	$39.7M	<0.01%	+27.7%
12	GOLDMAN SACHS GROUP#12 · 4,270,252 sh	4,270,252	$35.7M	<0.01%	+67.4%
13	GEODE CAPITAL MANAGEMENT#13 · 3,253,955 sh	3,253,955	$27.2M	<0.01%	+3.5%
14	ARISTEIA CAPITAL, L.L.C.#14 · 25,558,000 sh	25,558,000	$25.4M	0.33%	+95.7%
15	RICE HALL JAMES & ASSOCIATES#15 · 2,776,805 sh	2,776,805	$23.2M	1.13%	+112.3%
16	MORGAN STANLEY#16 · 2,463,966 sh	2,463,966	$20.6M	<0.01%	+107.8%
17	Invenomic Capital Management#17 · 2,406,922 sh	2,406,922	$20.1M	1.20%	+25.7%
18	UBS Group AG#18 · 2,142,846 sh	2,142,846	$17.9M	<0.01%	+37.7%
19	MILLENNIUM MANAGEMENT#19 · 1,853,448 sh	1,853,448	$15.5M	<0.01%	+79.0%
20	OSTERWEIS CAPITAL MANAGEMENT#20 · 14,680,000 sh	14,680,000	$14.6M	0.69%	0.0%
21	ADVENT CAPITAL MANAGEMENT#21 · 14,174,000 sh	14,174,000	$14.1M	0.32%	0.0%
22	RENAISSANCE TECHNOLOGIES#22 · 1,681,020 sh	1,681,020	$14.1M	0.02%	-17.6%
23	OAKTREE CAPITAL MANAGEMENT#23 · 14,154,000 sh	14,154,000	$14.0M	0.19%	+13.2%
24	CITADEL ADVISORS#24 · 1,655,618 sh	1,655,618	$13.8M	<0.01%	+615.2%
25	JUPITER ASSET MANAGEMENT LTD#25 · 1,578,957 sh	1,578,957	$13.2M	0.07%	+10.5%
26	MARSHALL WACE, LLP#26 · 13,013,858 sh	13,013,858	$13.0M	0.01%	+0.1%
27	TWO SIGMA INVESTMENTS#27 · 1,499,477 sh	1,499,477	$12.5M	<0.01%	+95.7%
28	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#28 · 1,481,789 sh	1,481,789	$12.4M	<0.01%	+541.9%
29	AMERICAN CENTURY COMPANIES#29 · 1,307,824 sh	1,307,824	$10.9M	<0.01%	+0.1%
30	NORTHERN#30 · 1,270,108 sh	1,270,108	$10.6M	<0.01%	+2.2%
31	Calamos Advisors#31 · 10,000,000 sh	10,000,000	$9.9M	0.03%	0.0%
32	PRINCIPAL FINANCIAL GROUP#32 · 1,119,357 sh	1,119,357	$9.4M	<0.01%	+2.0%
33	AQR CAPITAL MANAGEMENT#33 · 1,083,475 sh	1,083,475	$9.1M	<0.01%	+592.0%
34	ROYCE & ASSOCIATES#34 · 1,076,689 sh	1,076,689	$9.0M	0.07%	New
35	ABSOLUTE INVESTMENT ADVISERS#35 · 8,640,000 sh	8,640,000	$8.6M	—	0.0%
36	Ovata Capital Management Ltd#36 · 8,329,000 sh	8,329,000	$8.3M	0.62%	New
37	OP Asset Management Ltd#37 · 980,461 sh	980,461	$8.2M	0.09%	New
38	ACADIAN ASSET MANAGEMENT#38 · 947,962 sh	947,962	$7.9M	<0.01%	+1506.0%
39	CHARLES SCHWAB INVESTMENT MANAGEMENT#39 · 942,041 sh	942,041	$7.9M	<0.01%	-23.6%
40	Pacer Advisors#40 · 870,291 sh	870,291	$7.3M	0.02%	+19.7%
41	VANGUARD FIDUCIARY#41 · 835,671 sh	835,671	$7.0M	<0.01%	-6.8%
42	Squarepoint Ops#42 · 737,234 sh	737,234	$6.2M	<0.01%	+176.3%
43	Bank of New York Mellon#43 · 736,397 sh	736,397	$6.2M	<0.01%	+1.5%
44	JPMORGAN CHASE#44 · 726,095 sh	726,095	$6.1M	<0.01%	+76.7%
45	VICTORY CAPITAL MANAGEMENT#45 · 721,562 sh	721,562	$6.0M	<0.01%	+62.5%
46	BANK OF AMERICA#46 · 704,083 sh	704,083	$5.9M	<0.01%	-70.1%
47	Fiera Capital#47 · 703,931 sh	703,931	$5.9M	0.02%	-42.9%
48	FMR#48 · 687,435 sh	687,435	$5.7M	<0.01%	-77.6%
49	Man Group plc#49 · 629,184 sh	629,184	$5.3M	<0.01%	+192.1%
50	ALLIANCEBERNSTEIN L.P.#50 · 462,346 sh	462,346	$5.1M	<0.01%	+9.0%
51	PUBLIC SECTOR PENSION INVESTMENT BOARD#51 · 591,572 sh	591,572	$4.9M	0.01%	+6.9%
52	AMERIPRISE FINANCIAL#52 · 574,206 sh	574,206	$4.8M	<0.01%	+18.1%
53	FRANKLIN RESOURCES#53 · 564,530 sh	564,530	$4.7M	<0.01%	+51.1%
54	BNP PARIBAS FINANCIAL MARKETS#54 · 559,868 sh	559,868	$4.7M	<0.01%	+48.9%
55	Hillsdale Investment Management#55 · 541,900 sh	541,900	$4.5M	0.10%	+7.8%
56	Invesco Ltd.#56 · 539,222 sh	539,222	$4.5M	<0.01%	-33.6%
57	Universal- Beteiligungs- und Servicegesellschaft mbH#57 · 1,391,946 sh	1,391,946	$4.3M	<0.01%	+16.8%
58	OneDigital Investment Advisors#58 · 496,544 sh	496,544	$4.2M	0.04%	+94.7%
59	Allianz Asset Management GmbH#59 · 369,339 sh	369,339	$4.0M	<0.01%	0.0%
60	K2 PRINCIPAL FUND, L.P.#60 · 4,000 sh	4,000	$4.0M	0.29%	0.0%
61	Robeco Institutional Asset Management B.V.#61 · 465,443 sh	465,443	$3.9M	—	+29.5%
62	KESTREL INVESTMENT MANAGEMENT#62 · 433,000 sh	433,000	$3.6M	1.97%	0.0%
63	Nuveen#63 · 400,842 sh	400,842	$3.4M	<0.01%	+3.0%
64	Point72 Asset Management, L.P.#64 · 389,875 sh	389,875	$3.3M	<0.01%	New
65	Circumference Group#65 · 382,000 sh	382,000	$3.2M	6.93%	+27.3%
66	ALGERT GLOBAL#66 · 361,080 sh	361,080	$3.0M	0.04%	+31.4%
67	Jump Financial#67 · 352,600 sh	352,600	$2.9M	0.02%	New
68	Parallax Volatility Advisers, L.P.#68 · 2,100,000 sh	2,100,000	$2.8M	<0.01%	+3.2%
69	PIPER SANDLER#69 · 2,610,000 sh	2,610,000	$2.6M	1.90%	0.0%
70	Engineers Gate Manager#70 · 300,566 sh	300,566	$2.5M	0.03%	+95.3%
71	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#71 · 298,817 sh	298,817	$2.5M	<0.01%	+16.6%
72	Sparta 24 Ltd.#72 · 296,628 sh	296,628	$2.5M	2.27%	New
73	NEW YORK STATE COMMON RETIREMENT FUND#73 · 295,595 sh	295,595	$2.5M	<0.01%	0.0%
74	STATE OF WISCONSIN INVESTMENT BOARD#74 · 294,293 sh	294,293	$2.5M	<0.01%	-10.4%
75	FEDERATED HERMES#75 · 286,072 sh	286,072	$2.4M	<0.01%	New
76	RHUMBLINE ADVISERS#76 · 284,923 sh	284,923	$2.4M	<0.01%	-14.7%
77	Legal & General Group Plc#77 · 280,991 sh	280,991	$2.3M	<0.01%	-6.5%
78	D. E. Shaw#78 · 280,751 sh	280,751	$2.3M	<0.01%	+177.9%
79	Y-Intercept (Hong Kong) Ltd#79 · 263,874 sh	263,874	$2.2M	—	+274.6%
80	VOYA INVESTMENT MANAGEMENT#80 · 260,838 sh	260,838	$2.2M	<0.01%	+17.7%
81	LANDSCAPE CAPITAL MANAGEMENT, L.L.C.#81 · 258,172 sh	258,172	$2.2M	0.14%	New
82	Penserra Capital Management#82 · 250,878 sh	250,878	$2.1M	0.02%	+34.4%
83	Swiss National Bank#83 · 248,500 sh	248,500	$2.1M	<0.01%	+1.2%
84	Empowered Funds#84 · 245,379 sh	245,379	$2.1M	0.01%	+27.7%
85	PRICE T ROWE ASSOCIATES#85 · 238,853 sh	238,853	$2.0M	<0.01%	-98.6%
86	SG Americas Securities#86 · 235,168 sh	235,168	$2.0M	<0.01%	+582.3%
87	State of Wyoming#87 · 235,043 sh	235,043	$2.0M	0.20%	+44.3%
88	Boston Partners#88 · 228,883 sh	228,883	$1.9M	<0.01%	-92.7%
89	Brevan Howard Capital Management#89 · 227,516 sh	227,516	$1.9M	0.01%	+268.9%
90	WELLS FARGO & COMPANY#90 · 221,999 sh	221,999	$1.9M	<0.01%	+42.0%
91	Freestone Grove Partners#91 · 218,317 sh	218,317	$1.8M	0.01%	+229.3%
92	NORDEA INVESTMENT MANAGEMENT AB#92 · 219,160 sh	219,160	$1.8M	<0.01%	+4.0%
93	Avestar Capital#93 · 208,154 sh	208,154	$1.7M	0.10%	New
94	MASSACHUSETTS FINANCIAL SERVICES#94 · 201,226 sh	201,226	$1.7M	<0.01%	+50.5%
95	Baader Bank Aktiengesellschaft#95 · 200,000 sh	200,000	$1.7M	0.13%	New
96	SEGALL BRYANT & HAMILL#96 · 192,880 sh	192,880	$1.6M	0.02%	New
97	ROYAL BANK OF CANADA#97 · 191,473 sh	191,473	$1.6M	<0.01%	+7.1%
98	Creative Planning#98 · 189,483 sh	189,483	$1.6M	<0.01%	+329.7%
99	STIFEL FINANCIAL#99 · 187,947 sh	187,947	$1.6M	<0.01%	+74.7%
100	Gotham Asset Management#100 · 179,175 sh	179,175	$1.5M	<0.01%	-9.8%

Funds that sold out of UPWK in Q2 2026 (48)

Held UPWK at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held UPWK in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
Portolan Capital Management1,570,560 sh	1,570,560	$17.2M
WELLINGTON MANAGEMENT GROUP LLP871,228 sh	871,228	$9.5M
Clearbridge Investments387,912 sh	387,912	$4.3M
WINTON GROUP Ltd318,267 sh	318,267	$3.5M
KING LUTHER CAPITAL MANAGEMENT317,542 sh	317,542	$3.5M
NATIXIS258,400 sh	258,400	$2.8M
HUSSMAN STRATEGIC ADVISORS210,000 sh	210,000	$2.3M
ARDSLEY ADVISORY PARTNERS190,000 sh	190,000	$2.1M
Elo Mutual Pension Insurance155,811 sh	155,811	$1.7M
PICTON MAHONEY ASSET MANAGEMENT141,771 sh	141,771	$1.6M
G2 Investment Partners Management120,000 sh	120,000	$1.3M
SCHRODER INVESTMENT MANAGEMENT GROUP122,948 sh	122,948	$1.3M
Caption Management90,000 sh	90,000	$986.4K
Integrated Quantitative Investments88,216 sh	88,216	$966.8K
MANGROVE PARTNERS IM61,603 sh	61,603	$675.2K
Main Management ETF Advisors61,464 sh	61,464	$674.0K
Grandeur Peak Global Advisors50,134 sh	50,134	$549.5K
CDC Financial47,000 sh	47,000	$515.1K
INCEPTIONR43,932 sh	43,932	$481.5K
Quadrature Capital Ltd31,145 sh	31,145	$341.3K
CAPSTONE INVESTMENT ADVISORS29,596 sh	29,596	$324.4K
BOOTHBAY FUND MANAGEMENT28,732 sh	28,732	$314.9K
EVOLVE PRIVATE WEALTH18,638 sh	18,638	$204.3K
Virtu Financial18,418 sh	18,418	$202.0K
Headlands Technologies18,205 sh	18,205	$199.5K
BALYASNY ASSET MANAGEMENT L.P.16,730 sh	16,730	$183.4K
HighTower Advisors15,004 sh	15,004	$164.4K
Verition Fund Management14,225 sh	14,225	$155.9K
TEACHER RETIREMENT SYSTEM OF TEXAS13,115 sh	13,115	$143.7K
Capula Management Ltd11,037 sh	11,037	$121.0K
Ground Swell Capital10,618 sh	10,618	$116.4K
Snowden Capital Advisors10,156 sh	10,156	$111.3K
Parkside Financial Bank7,657 sh	7,657	$83.9K
QUADRANT CAPITAL GROUP2,234 sh	2,234	$61.2K
MCGUIRE CAPITAL ADVISORS2,284 sh	2,284	$25.0K
Bayforest Capital Ltd2,037 sh	2,037	$22.3K
SUMMIT SECURITIES GROUP1,458 sh	1,458	$16.0K
PRIVATE NA333 sh	333	$3.6K
Advisory Services Network240 sh	240	$2.6K
MAI Capital Management174 sh	174	$1.9K
BROWN BROTHERS HARRIMAN169 sh	169	$1.9K
Rossby Financial, LCC154 sh	154	$1.7K
Pacific Center for Financial Services96 sh	96	$1.1K
Bruce G. Allen Investments72 sh	72	$789.00
WPG Advisers46 sh	46	$504.00
Root Financial Partners41 sh	41	$449.00
HARBOUR INVESTMENTS26 sh	26	$285.00
Dunhill Financial2 sh	2	$25.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.