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 Mar 31, 2025
Ownership Breakdown
299
Institutional Holders
▲ 19 vs Q4
$1.53B
Total Inst. Value
▼ $269.35M vs Q4
123.52M
Shares Outstanding
freeFloat 92.76%
117.91M
13F Shares Held
▲ 7.18M vs Q4
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
Q1 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC services-computer processing & data preparation | 15.15M | 11.21% | 11.21% | $197.73B | May 9, 2025 | ▼ 218.6K |
PRICE T ROWE ASSOCIATES INC /MD/ services-computer processing & data preparation | 15.09M | 11.16% | 11.16% | $196.99B | May 14, 2025 | ▼ 403.8K |
BLACKROCK, INC. services-computer processing & data preparation | 9.95M | 7.36% | 7.36% | $129.86B | May 2, 2025 | ▼ 108.4K |
LSV ASSET MANAGEMENT services-computer processing & data preparation | 5.35M | 3.96% | 3.96% | $69.84B | May 9, 2025 | ▲ 4.20M |
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. services-computer processing & data preparation | 4.66M | 3.45% | 3.45% | $60.82B | May 14, 2025 | ▲ 1.36M |
CAPITAL INTERNATIONAL INVESTORS services-computer processing & data preparation | 3.90M | 2.88% | 2.88% | $50.87B | May 12, 2025 | ▲ 992.3K |
ANCIENT ART, L.P. services-computer processing & data preparation | 3.78M | 2.80% | 2.80% | $49.36B | May 15, 2025 | ▼ 1.14M |
MORGAN STANLEY services-computer processing & data preparation | 3.09M | 2.29% | 2.29% | $40.34B | May 15, 2025 | ▲ 2.03M |
GEODE CAPITAL MANAGEMENT, LLC services-computer processing & data preparation | 3.02M | 2.23% | 2.23% | $39.38B | May 13, 2025 | ▲ 137.8K |
STATE STREET CORP services-computer processing & data preparation | 2.95M | 2.18% | 2.18% | $38.54B | May 15, 2025 | ▼ 95.8K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q1 2025 vs prior quarter
Q1 2025
24
Increased
+16.50M shares5
New Positions
first time holders17
Decreased
−4.41M shares0
Sold Out
fully exitedNet shares change (top 50)
+12.09M
+16.50M / −4.41M
Net new holders
+12
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 95.5% 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 15.15 million shares — equal to 11.21% of outstanding shares — as of March 31, 2025.
A total of 299 institutional investors currently hold UPWK stock, with a combined institutional value of approximately $1.53 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 95.5% of shares. The largest shareholder is VANGUARD GROUP INC with a 11.21% stake. Company insiders hold 7.24%. Data sourced from SEC Form 13F as of March 31, 2025.