Upwork Inc. (UPWK) Ownership
UPWK ownership summary
as of October 18, 2026- Institutions
- 104.1% of shares outstanding
- Insiders
- 5.27% of shares outstanding
- Shares outstanding
- 124.9M
- Float
- 111.1M shares available to trade
- Short interest
- 21.48% 17.5M shares short
- Days to cover
- 6.26 short interest down 1.9% vs prior month
- Institutions 104.12%
- Insiders 5.27%
UPWK top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | BlackRock Inc | 15.42% | 19.3M | $162.4M | +403,601 (+2.1%) | June 30, 2026 |
| 2 | Vanguard Portfolio Management, LLC | 6.32% | 7.9M | $66.6M | +124,397 (+1.6%) | June 30, 2026 |
| 3 | Ancient Art, L.P. | 5.79% | 7.2M | $60.9M | +1.3M (+21.3%) | June 30, 2026 |
| 4 | LSV Asset Management | 5.11% | 6.4M | $53.8M | −410,900 (−6.0%) | June 30, 2026 |
| 5 | Vanguard Capital Management, LLC | 4.25% | 5.3M | $44.8M | −298,931 (−5.3%) | June 30, 2026 |
| 6 | State Street Corp | 4.16% | 5.2M | $43.8M | +69,917 (+1.4%) | June 30, 2026 |
| 7 | Capital Research & Mgmt Co - Division 3 | 3.89% | 4.9M | $40.9M | +134,054 (+2.8%) | June 30, 2026 |
| 8 | Dimensional Fund Advisors, Inc. | 3.80% | 4.7M | $40.0M | +1.0M (+27.7%) | June 30, 2026 |
| 9 | The Goldman Sachs Group Inc | 3.42% | 4.3M | $36.0M | +1.7M (+67.4%) | June 30, 2026 |
| 10 | Geode Capital Management, LLC | 2.61% | 3.3M | $27.4M | +110,675 (+3.5%) | June 30, 2026 |
| 11 | Rice Hall James & Associates, LLC | 2.22% | 2.8M | $23.4M | +1.5M (+112.3%) | June 30, 2026 |
| 12 | Morgan Stanley - Brokerage Accounts | 1.97% | 2.5M | $20.8M | +1.3M (+107.8%) | June 30, 2026 |
| 13 | Invenomic Capital Management, LP | 1.93% | 2.4M | $20.3M | +492,421 (+25.7%) | June 30, 2026 |
| 14 | UBS Group AG | 1.72% | 2.1M | $18.1M | +586,335 (+37.7%) | June 30, 2026 |
| 15 | Millennium Management LLC | 1.48% | 1.9M | $15.6M | +818,027 (+79.0%) | June 30, 2026 |
| 16 | Renaissance Technologies Corp | 1.35% | 1.7M | $14.2M | −359,300 (−17.6%) | June 30, 2026 |
| 17 | Citadel Advisors Llc | 1.33% | 1.7M | $14.0M | +1.4M (+615.2%) | June 30, 2026 |
| 18 | Jupiter Asset Management Limited | 1.26% | 1.6M | $13.3M | +150,657 (+10.5%) | June 30, 2026 |
| 19 | Two Sigma Investments LLC | 1.20% | 1.5M | $12.6M | +733,168 (+95.7%) | June 30, 2026 |
| 20 | Arrowstreet Capital Limited Partnership | 1.19% | 1.5M | $12.5M | +1.3M (+541.9%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 17 holders added 13.1M shares and 3 cut 1.1M.
UPWK top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | iShares Core S&P Small-Cap ETF | 5.95% | 7.4M | $62.7M | +1,920 (+0.0%) | September 30, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 2.95% | 3.7M | $31.1M | — | August 31, 2026 |
| 3 | iShares Russell 2000 ETF | 2.52% | 3.1M | $26.5M | −36,224 (−1.1%) | September 30, 2026 |
| 4 | Vanguard Small Cap Index | 2.14% | 2.7M | $22.5M | −26,421 (−1.0%) | September 30, 2026 |
| 5 | Invenomic Institutional | 1.26% | 1.6M | $13.2M | +32,930 (+2.1%) | July 31, 2026 |
| 6 | Vanguard MStar Small Cap Growth Indx Inv | 1.19% | 1.5M | $12.5M | −53,735 (−3.5%) | September 30, 2026 |
| 7 | DFA US Small Cap Value I | 1.11% | 1.4M | $11.6M | +421,144 (+43.8%) | August 31, 2026 |
| 8 | Fidelity Small Cap Index | 1.05% | 1.3M | $11.1M | +11,155 (+0.9%) | July 31, 2026 |
| 9 | iShares S&P Small-Cap 600 Growth ETF | 0.93% | 1.2M | $9.7M | — | September 30, 2026 |
| 10 | State Street SPDR Port S&P 600 Sm CpETF | 0.92% | 1.1M | $9.6M | — | September 30, 2026 |
| 11 | Avantis US Small Cap Value ETF | 0.74% | 929K | $7.8M | +1,680 (+0.2%) | September 30, 2026 |
| 12 | Fidelity Enhanced Small Cap Core ETF | 0.74% | 920K | $7.8M | +1,929 (+0.2%) | September 30, 2026 |
| 13 | Jupiter Merian Glb Eq Abs Rt I USD Acc | 0.67% | 837K | $7.1M | +107,296 (+14.7%) | June 30, 2026 |
| 14 | iShares Russell 2000 Value ETF | 0.65% | 816K | $6.9M | +1,238 (+0.2%) | September 30, 2026 |
| 15 | DFA US Targeted Value I | 0.65% | 811K | $6.8M | +90,358 (+12.5%) | August 31, 2026 |
| 16 | Dimensional US Targeted Value ETF | 0.58% | 729K | $6.1M | — | September 30, 2026 |
| 17 | Vanguard Strategic Equity Inv | 0.57% | 718K | $6.1M | +288,324 (+67.1%) | June 30, 2026 |
| 18 | VictoryShares Small Cap Fr CA Flw ETF | 0.57% | 715K | $6.0M | +603 (+0.1%) | September 30, 2026 |
| 19 | State Street® SPDR® S&P 600™ Sm Cp GrETF | 0.56% | 701K | $5.9M | — | September 30, 2026 |
| 20 | Vanguard Russell 2000 ETF | 0.56% | 699K | $5.9M | +7,746 (+1.1%) | September 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
UPWK insider transactions
latest 20| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-19 | Dave Bottoms | Sell | $11.49 | 7,000 | $80,430 |
| 2026-03-18 | Sabrina Mekhalfa | Sell | $12.31 | 1,482 | $18,243 |
| 2026-03-18 | Hayden Brown | Sell | $12.31 | 23,745 | $292,301 |
| 2026-03-18 | Erica Gessert | Sell | $12.31 | 9,278 | $114,212 |
| 2026-03-18 | Dave Bottoms | Sell | $12.31 | 11,575 | $142,488 |
| 2026-02-19 | Dave Bottoms | Sell | $13.51 | 15,649 | $211,418 |
| 2026-02-18 | Dave Bottoms | Sell | $13.80 | 17,013 | $234,779 |
| 2026-02-18 | Erica Gessert | Sell | $13.80 | 26,292 | $362,830 |
| 2026-02-18 | Hayden Brown | Sell | $13.80 | 123,152 | $1.7M |
| 2025-12-19 | Dave Bottoms | Sell | $20.66 | 9,622 | $198,791 |
| 2025-12-18 | Dave Bottoms | Sell | $20.59 | 11,285 | $232,358 |
| 2025-12-18 | Hayden Brown | Sell | $20.59 | 23,147 | $476,597 |
| 2025-12-18 | Erica Gessert | Sell | $20.59 | 9,044 | $186,216 |
| 2025-11-26 | Hayden Brown | Sell | $19.43 | 275,000 | $5.3M |
| 2025-11-25 | Hayden Brown | Sell | $19.78 | 75,000 | $1.5M |
| 2025-11-21 | Hayden Brown | Sell | $18.20 | 60,000 | $1.1M |
| 2025-11-21 | Gary Steele | Sell | $17.51 | 12,500 | $218,875 |
| 2025-11-19 | Dave Bottoms | Sell | $18.13 | 1,748 | $31,691 |
| 2025-11-18 | Erica Gessert | Sell | $16.70 | 18,493 | $308,833 |
| 2025-11-18 | Hayden Brown | Sell | $16.70 | 24,846 | $414,928 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
UPWK shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns UPWK
Institutional investors own 104.1% of Upwork's shares and insiders 5.27%. The largest holder is BlackRock Inc with 15.42% of the shares (19.3M), as of June 30, 2026. Among the top 20 institutions, 17 added shares and 3 reduced their stake in the latest filings. Short interest is 21.48% of the float, or 6.26 days of average trading volume. The share count rose 335.7% since 2016.
Related: UPWK analyst forecast, UPWK key metrics. See the UPWK stock overview for the latest quote and news.
UPWK ownership FAQ
Who owns the most Upwork stock?
The largest shareholders of Upwork are BlackRock Inc (15.42%), Vanguard Portfolio Management, LLC (6.32%), Ancient Art, L.P. (5.79%), LSV Asset Management (5.11%), Vanguard Capital Management, LLC (4.25%).
What percentage of Upwork is owned by institutions?
Institutions hold 104.1% of Upwork's shares outstanding; insiders hold 5.27%.
Which funds own Upwork?
The largest fund holders of Upwork are iShares Core S&P Small-Cap ETF (5.95%), Vanguard MStar Total Stk Mkt Idx Invest (2.95%), iShares Russell 2000 ETF (2.52%), Vanguard Small Cap Index (2.14%), Invenomic Institutional (1.26%).
What is Upwork's short interest?
17.5M shares of Upwork were sold short, 21.48% of the float; at the average daily volume it would take 6.26 days to cover.
Are insiders buying or selling Upwork?
Of the latest 20 reported insider transactions in Upwork (since November 18, 2025), 0 were purchases and 20 were sales.
How many shares of Upwork are outstanding?
Upwork has 124.9M shares outstanding, of which 111.1M are in the public float.