Upwork Inc.
Upwork Inc. (UPWK) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · UPWK · as of Sep 30, 2025
Ownership Breakdown
301
Institutional Holders
▲ 16 vs Q2
$2.27B
Total Inst. Value
▲ $693.07M vs Q2
123.52M
Shares Outstanding
freeFloat 92.76%
123.14M
13F Shares Held
▲ 4.89M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
UPWK largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC services-computer processing & data preparation | 14.67M | 11.10% | 11.10% | $272.36B | Nov 7, 2025 | ▼ 396.2K |
PRICE T ROWE ASSOCIATES INC /MD/ services-computer processing & data preparation | 13.34M | 10.09% | 10.09% | $247.68B | Nov 14, 2025 | ▲ 27.5K |
BLACKROCK, INC. services-computer processing & data preparation | 11.54M | 8.73% | 8.73% | $214.39B | Nov 12, 2025 | ▲ 1.80M |
LSV ASSET MANAGEMENT services-computer processing & data preparation | 6.51M | 4.93% | 4.93% | $120.95B | Nov 6, 2025 | ▼ 21.2K |
MORGAN STANLEY services-computer processing & data preparation | 4.77M | 3.61% | 3.61% | $88.56B | May 27, 2026 | ▲ 54.5K |
ANCIENT ART, L.P. services-computer processing & data preparation | 4.27M | 3.23% | 3.23% | $79.27B | Nov 14, 2025 | ▲ 494.8K |
GOLDMAN SACHS GROUP INC services-computer processing & data preparation | 3.62M | 2.74% | 2.74% | $67.27B | Nov 14, 2025 | ▲ 873.2K |
GEODE CAPITAL MANAGEMENT, LLC services-computer processing & data preparation | 3.09M | 2.33% | 2.33% | $57.30B | Nov 12, 2025 | ▲ 89.8K |
INVESCO LTD. services-computer processing & data preparation | 3.01M | 2.28% | 2.28% | $55.88B | Nov 13, 2025 | ▲ 147.9K |
STATE STREET CORP services-computer processing & data preparation | 2.98M | 2.26% | 2.26% | $55.36B | Nov 14, 2025 | ▼ 12.2K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
32
Increased
+14.50M shares5
New Positions
first time holders11
Decreased
−6.68M shares0
Sold Out
fully exitedNet shares change (top 50)
+7.82M
+14.50M / −6.68M
Net new holders
+26
5 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
UPWK insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
7
Buy transactions
10
Sell transactions
0.70
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Kappus Anthony Ray GM & Chief Operating Officer | May 18, 2026 | Sale | 1,905 | $8.66 | $16.5K | 3.2K | Form 4 ↗ |
Gessert Erica Chief Financial Officer | May 18, 2026 | Sale | 22,162 | $8.66 | $192.0K | 332.6K | Form 4 ↗ |
Brown Hayden President & CEO | May 18, 2026 | Sale | 22,546 | $8.66 | $195.3K | 824.6K | Form 4 ↗ |
Brown Hayden President & CEO | May 18, 2026 | Sale | 50,000 | $8.57 | $428.5K | 774.6K | Form 4 ↗ |
Kappus Anthony Ray GM & Chief Operating Officer | Apr 18, 2026 | Award | 22,603 | — | — | 22.6K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Upwork Inc. (UPWK) is primarily owned by institutional investors, who hold approximately 99.7% of total shares outstanding. Company insiders own approximately 7.24%, while retail and public investors account for the remaining 0.00%.
The largest institutional shareholder of Upwork Inc. is VANGUARD GROUP INC, holding approximately 14.67 million shares — equal to 11.10% of outstanding shares — as of September 30, 2025.
A total of 301 institutional investors currently hold UPWK stock, with a combined institutional value of approximately $2.27 billion as of the most recent 13F filing period.
Frequently asked questions
UPWK ownershipUpwork Inc. (UPWK) is primarily owned by institutional investors, who hold approximately 99.7% of shares. The largest shareholder is VANGUARD GROUP INC with a 11.10% stake. Company insiders hold 7.24%. Data sourced from SEC Form 13F as of September 30, 2025.