| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| BlackRock, Inc. | 14% | $314,118,424 | 18,423,368 | BlackRock, Inc. | 30 Nov 2025 | |||
| VANGUARD GROUP INC | 11% | $191,367,853 | 15,151,849 | The Vanguard Group | 31 Mar 2025 | |||
| PRICE T ROWE ASSOCIATES INC /MD/ | 10% | $247,704,190 | 13,338,944 | T. Rowe Price Associates, Inc. | 30 Sep 2025 | |||
| Ancient Art, L.P. | 4.1% | $68,668,729 | 5,436,954 | LEE QUINCY J | 31 Dec 2024 |
As of 30 Sep 2025, 272 institutional investors reported holding 122,037,271 shares of UPWORK, INC - Common Stock (UPWK). This represents 93% of the company’s total 130,662,184 outstanding shares.
The largest institutional shareholders of UPWORK, INC - Common Stock (UPWK) together control 71% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | 11% | 14,666,762 | -2.6% | 0% | $272,361,770 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 10% | 13,337,407 | +0.21% | 0.03% | $247,677,000 |
| BlackRock, Inc. | 8.8% | 11,544,792 | +18% | 0% | $214,386,796 |
| LSV ASSET MANAGEMENT | 5% | 6,513,375 | -0.32% | 0.27% | $120,953,000 |
| MORGAN STANLEY | 3.6% | 4,769,035 | +1.2% | 0.01% | $88,561,005 |
| Ancient Art, L.P. | 3.3% | 4,268,667 | +13% | 19% | $79,269,146 |
| GOLDMAN SACHS GROUP INC | 2.8% | 3,622,505 | +32% | 0.01% | $67,269,918 |
| GEODE CAPITAL MANAGEMENT, LLC | 2.4% | 3,085,118 | +3% | 0% | $57,298,775 |
| Invesco Ltd. | 2.3% | 3,009,334 | +5.2% | 0.01% | $55,883,333 |
| STATE STREET CORP | 2.3% | 2,981,024 | -0.41% | 0% | $55,357,616 |
| DIMENSIONAL FUND ADVISORS LP | 2.2% | 2,828,735 | +2.6% | 0.01% | $52,533,691 |
| Capital International Investors | 1.8% | 2,388,542 | -40% | 0.01% | $44,355,225 |
| Boston Partners | 1.8% | 2,322,575 | +786% | 0.04% | $42,961,930 |
| Allianz Asset Management GmbH | 1.4% | 1,862,153 | +94% | 0.04% | $34,580,181 |
| RENAISSANCE TECHNOLOGIES LLC | 1.4% | 1,802,715 | -35% | 0.04% | $33,476,418 |
| Nuveen, LLC | 1.4% | 1,798,201 | +56% | 0.01% | $33,392,592 |
| Balyasny Asset Management L.P. | 1.3% | 1,753,332 | +97% | 0.07% | $32,559,375 |
| TWO SIGMA INVESTMENTS, LP | 1.1% | 1,484,084 | -38% | 0.04% | $27,559,440 |
| Invenomic Capital Management LP | 1% | 1,334,541 | 1.3% | $24,782,426 | |
| BANK OF AMERICA CORP /DE/ | 0.99% | 1,288,926 | +72% | 0% | $23,935,356 |
| NORTHERN TRUST CORP | 0.91% | 1,195,219 | +0.31% | 0% | $22,195,217 |
| BAILLIE GIFFORD & CO | 0.9% | 1,178,263 | -33% | 0.02% | $21,880,343 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.84% | 1,091,656 | +7.4% | 0% | $20,272,052 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 0.8% | 1,043,838 | +2% | 0.01% | $19,384,072 |
| Fiera Capital Corp | 0.8% | 1,041,900 | -2.2% | 0.06% | $19,348,083 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 612,784 | $12,151,518 | -$6,086,611 | $19.82 | 22 |
| 2025 Q3 | 122,037,271 | $2,265,576,747 | +$95,588,023 | $18.57 | 272 |
| 2025 Q2 | 117,554,393 | $1,580,003,017 | +$8,713,080 | $13.44 | 265 |
| 2025 Q1 | 116,885,207 | $1,525,431,633 | +$80,974,567 | $13.05 | 272 |
| 2024 Q4 | 109,254,713 | $1,786,285,075 | +$102,243,247 | $16.35 | 249 |
| 2024 Q3 | 103,766,888 | $1,084,300,074 | -$870,838 | $10.45 | 220 |
| 2024 Q2 | 102,926,417 | $1,106,430,120 | +$35,121,256 | $10.75 | 248 |
| 2024 Q1 | 100,188,849 | $1,228,848,056 | -$72,036,158 | $12.26 | 250 |
| 2023 Q4 | 491,036 | $7,301,705 | -$3,007,963 | $14.87 | 3 |
| 2023 Q3 | 100,277,774 | $1,139,159,573 | -$9,359,759 | $11.36 | 223 |
| 2023 Q2 | 100,894,626 | $942,347,640 | +$35,455,411 | $9.34 | 202 |
| 2023 Q1 | 95,115,287 | $1,076,678,513 | -$17,404,225 | $11.32 | 218 |
| 2022 Q4 | 96,664,288 | $1,009,113,834 | -$33,374,396 | $10.44 | 206 |
| 2022 Q3 | 92,457,889 | $1,259,373,018 | -$51,090,707 | $13.62 | 201 |
| 2022 Q2 | 99,173,218 | $2,050,597,772 | +$56,358,657 | $20.68 | 203 |
| 2022 Q1 | 96,647,460 | $2,245,793,860 | +$1,154,320 | $23.24 | 209 |
| 2021 Q4 | 92,804,138 | $3,170,158,104 | +$126,768,651 | $34.16 | 247 |
| 2021 Q3 | 89,808,440 | $4,047,980,087 | +$264,340,017 | $45.03 | 265 |
| 2021 Q2 | 82,997,899 | $4,834,787,955 | +$232,554,504 | $58.29 | 256 |
| 2021 Q1 | 79,701,381 | $3,567,070,927 | +$43,378,533 | $44.77 | 261 |
| 2020 Q4 | 77,249,135 | $2,666,811,125 | +$58,753,047 | $34.52 | 218 |
| 2020 Q3 | 76,018,595 | $1,325,777,061 | +$166,862,440 | $17.44 | 175 |
| 2020 Q2 | 73,989,680 | $1,068,519,255 | +$180,702,032 | $14.44 | 158 |
| 2020 Q1 | 58,946,038 | $380,188,161 | -$79,662,977 | $6.45 | 124 |
| 2019 Q4 | 64,749,751 | $690,837,535 | +$44,742,688 | $10.67 | 138 |
| 2019 Q3 | 59,510,312 | $791,817,909 | +$130,007,061 | $13.30 | 125 |
| 2019 Q2 | 49,442,832 | $795,046,551 | +$176,905,924 | $16.08 | 92 |
| 2019 Q1 | 37,824,007 | $714,053,114 | +$2,810,633 | $19.14 | 79 |
| 2018 Q4 | 38,028,639 | $679,328,546 | +$451,648,935 | $18.11 | 69 |