Upwork, Inc (UPWK) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

137,410,714Shares Outstanding

388,259Shares held by institutions

$4,954,185Value of institutional holdings

81.73%Institutional ownership %

13.57%Shares Changed QoQ

285No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

Recent 13F filings as of December 2025 show that 285 institutional investors hold a position in Upwork, Inc (NASDAQ:UPWK).

Upwork saw its institutional ownership percentage fell to 81.7% in December 2025 from 88.9% in September 2025.
In percentage terms, this reflects as a holdings change of 13.57% quarter on quarter, and an increase of 12.65% year over year.
Of these 285 institutional investors, 180 increased their holdings in Upwork, while 81 of them reduced positions, and 24 investors maintained their exposure.
The total number of shares held by institutions in Upwork increased to 112.31Mn as of December 2025, a net change of up by 13.42Mn shares quarter on quarter, and up 1.16Mn shares year over year.
As of December 31, 2025, BlackRock, Inc. held Upwork's largest shareholding position with over 20.06Mn shares, representing 14.60% of total outstanding shares.
Among the most significant buyers of Upwork during December 2025 were BlackRock, Inc. (8.52Mn), FMR LLC (2.15Mn), SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC (2.02Mn), STATE STREET CORP (1.91Mn), Capital International Investors (900.32K).
Leading sellers of Upwork stock in December 2025 included MORGAN STANLEY (2.00Mn), GOLDMAN SACHS GROUP INC (1.43Mn), Polar Asset Management Partners Inc. (848.80K), CITADEL ADVISORS LLC (789.66K), ARROWSTREET CAPITAL, LIMITED PARTNERSHIP (729.64K).
The top 10 institutional holders of Upwork for the quarter ending December 2025 included BlackRock, Inc. (20.06Mn), VANGUARD GROUP INC (14.99Mn), LSV ASSET MANAGEMENT (6.54Mn), STATE STREET CORP (4.89Mn), Ancient Art, L.P. (4.64Mn), Capital International Investors (3.29Mn), GEODE CAPITAL MANAGEMENT, LLC (3.08Mn), DIMENSIONAL FUND ADVISORS LP (2.94Mn), Boston Partners (2.93Mn), MORGAN STANLEY (2.77Mn).

285 Institutional Holders

388,259 Total Shares Held

Rows:

Download Data

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
BlackRock, Inc.	31 Dec, 2025	20,061,827	8,517,035	73.77%	$397,625,413.00
VANGUARD GROUP INC	31 Dec, 2025	14,989,217	322,455	2.20%	$297,086,280.00
LSV ASSET MANAGEMENT	31 Dec, 2025	6,537,275	23,900	0.37%	$129,569.00
STATE STREET CORP	31 Dec, 2025	4,890,897	1,909,873	64.07%	$96,937,579.00
Ancient Art, L.P.	31 Dec, 2025	4,640,814	372,147	8.72%	$91,980,933.00
Capital International Investors	31 Dec, 2025	3,288,860	900,318	37.69%	$65,185,205.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	3,084,004	-1,114	-0.04%	$61,136,077.00
DIMENSIONAL FUND ADVISORS LP	31 Dec, 2025	2,936,110	107,375	3.80%	$58,190,346.00
Boston Partners	31 Dec, 2025	2,932,835	610,260	26.28%	$58,293,577.00
MORGAN STANLEY	31 Dec, 2025	2,765,286	-2,003,749	-42.02%	$54,807,984.00
GOLDMAN SACHS GROUP INC	31 Dec, 2025	2,196,594	-1,425,911	-39.36%	$43,536,493.00
RENAISSANCE TECHNOLOGIES LLC	31 Dec, 2025	2,159,042	356,327	19.77%	$42,792,212.00
FMR LLC	31 Dec, 2025	2,158,021	2,145,595	17,266.98%	$42,771,971.00
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC	31 Dec, 2025	2,025,000	2,025,000	0.00%	$40,135,500.00
Nuveen, LLC	31 Dec, 2025	1,772,128	-26,073	-1.45%	$35,123,577.00
AMERICAN CENTURY COMPANIES INC	31 Dec, 2025	1,401,718	710,289	102.73%	$27,782,051.00
Fiera Capital Corp	31 Dec, 2025	1,379,902	338,002	32.44%	$27,349,658.00
Allianz Asset Management GmbH	31 Dec, 2025	1,223,568	-638,585	-34.29%	$24,251,118.00
NORTHERN TRUST CORP	31 Dec, 2025	1,221,540	26,321	2.20%	$24,210,922.00
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	31 Dec, 2025	1,195,889	104,233	9.55%	$23,702,520.00

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