Upwork Ownership | Who Owns Upwork?

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Upwork Ownership Summary

Upwork is owned by 75.55% institutional investors, 7.54% insiders, and 16.92% retail investors. Blackrock funding, inc. /de is the largest institutional shareholder, holding 15.36% of UPWK shares. T. Rowe Price US All-Cap Opp Eq SMA is the top mutual fund, with 6.43% of its assets in Upwork shares.

UPWK Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Upwork	75.55%	7.54%	16.92%
Sector	Industrials Stocks	47.66%	12.56%	39.78%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Blackrock funding, inc. /de	20.06M	15.36%	$397.63M
Vanguard group	14.99M	10.94%	$297.09M
Price t rowe associates inc /md/	13.34M	10.09%	$247.68M
Blackrock	9.93M	7.28%	$106.72M
Lsv asset management	6.54M	5.00%	$129.57M
Ancient art	4.27M	3.23%	$79.27M
Capital investors	3.29M	2.52%	$65.19M
Geode capital management	3.08M	2.36%	$61.14M
Invesco	3.01M	2.28%	$55.88M
State street	2.98M	2.26%	$55.36M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Ancient art	4.27M	19.05%	$79.27M
Circumference group	375.00K	7.78%	$6.96M
Kestrel investment management	435.50K	4.89%	$8.63M
Kent lake pr	500.00K	4.69%	$9.29M
Kent lake capital	300.00K	1.45%	$3.23M
Financial gravity asset management	391.31K	1.44%	$7.27M
Grandeur peak global advisors	503.66K	1.25%	$9.35M
Invenomic capital management lp	1.33M	1.20%	$24.78M
Financial gravity companies	380.84K	1.00%	$5.12M
Globeflex capital l p	269.64K	0.82%	$5.34M

Top Buyers

Holder	Shares	% Assets	Change
Blackrock funding, inc. /de	20.06M	0.01%	8.52M
Boston partners	2.32M	0.04%	2.06M
Invenomic capital management lp	1.33M	1.20%	1.33M
Capital investors	3.29M	0.01%	900.32K
Balyasny asset management	889.52K	0.02%	889.52K

Top Sellers

Holder	Shares	% Assets	Change
Dorsey asset management	-	-	-3.05M
Morgan stanley	2.77M	0.00%	-2.00M
T. rowe price investment management	726.00	-	-1.76M
Fuller & thaler asset management	-	-	-1.55M
Contour asset management	-	-	-1.51M

New Positions

Holder	Shares	% Assets	Change	Value
J. goldman & co lp	769.75K	0.36%	769.75K	$14.29M
Wellington management group llp	639.01K	0.00%	639.01K	$11.87M
Kent lake pr	500.00K	4.69%	500.00K	$9.29M
Polar asset management partners	481.77K	0.10%	481.77K	$8.95M
Financial gravity asset management	391.31K	1.44%	391.31K	$7.27M

Sold Out

Holder	Change
Elequin securities	-10.00
Washington trust	-20.00
Nelson, van denburg & campbell wealth management group	-25.00
Stephens consulting	-30.00
Founders capital management	-39.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2025	265	-11.37%	103,486,293	-15.96%	75	0.87%	163	11.64%	68	-29.17%
Sep 30, 2025	84	-70.11%	32,149,299	-72.74%	24	0.31%	38	-74.32%	35	-58.82%
Jun 30, 2025	275	-6.46%	117,802,148	0.18%	89	1.18%	147	-1.34%	82	-4.65%
Mar 31, 2025	16	-94.20%	6,797,443	-93.82%	5	0.07%	8	-94.56%	6	-92.41%
Dec 31, 2024	262	8.26%	105,877,091	2.12%	79	1.31%	139	27.52%	75	-11.76%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
T. Rowe Price US All-Cap Opp Eq SMA	8.59M	6.43%	1.46M
iShares Core S&P Small-Cap ETF	7.91M	6.07%	7.91M
T. Rowe Price New Horizons	5.79M	4.44%	1.21M
US Small-Cap Growth II Equity Comp	5.79M	4.44%	3.02M
Vanguard Total Stock Mkt Idx Inv	3.91M	3.00%	-75.76K
Vanguard US Total Market Shares ETF	3.92M	2.89%	-
T. Rowe Price Integrated US SmCapGrEq	3.51M	2.69%	127.04K
T. Rowe Price Integrated US Sm Gr Eq	3.51M	2.69%	127.04K
American Funds SMALLCAP World A	3.29M	2.52%	900.32K
T. Rowe Price US All-Cap Opp Eq Comp	3.19M	2.44%	411.16K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Mar 18, 2026	Mekhalfa Sabrina	Chief Accounting Officer	Sell	$18.25K
Mar 18, 2026	Gessert Erica	Chief Financial Officer	Sell	$114.23K
Mar 18, 2026	Brown Hayden	President & CEO	Sell	$292.34K
Mar 18, 2026	Bottoms Dave	GM, Marketplace	Sell	$142.51K
Mar 19, 2026	Bottoms Dave	GM, Marketplace	Sell	$80.45K

Insider Transactions Trends

Date	Buy	Sell
2026 Q1	-	10
2025 Q4	-	17
2025 Q3	-	16
2025 Q2	-	26
2025 Q1	-	17

UPWK Ownership FAQ

Who owns the most shares of Upwork?

Upwork’s largest shareholders are Blackrock funding, inc. /de (20.06M shares, 15.36%), Vanguard group (14.99M shares, 10.94%), and Price t rowe associates inc /md/ (13.34M shares, 10.09%). Together, they hold 36.39% of Upwork’s total shares outstanding.

Does Blackrock own Upwork?

Yes, BlackRock owns 7.28% of Upwork, totaling 9.93M shares as of Jun 2024. This represents 0.00% of BlackRock's total assets, with a market value of 106.72M$. In the last quarter, BlackRock increased its holdings by 500.99K shares, a 5.31% change.

Who is Upwork’s biggest shareholder by percentage of total assets invested?

Ancient art is Upwork’s biggest shareholder by percentage of total assets invested, with 19.05% of its assets in 4.27M Upwork shares, valued at 79.27M$.

Who is the top mutual fund holder of Upwork shares?

T. Rowe Price US All-Cap Opp Eq SMA is the top mutual fund holder of Upwork shares, with 6.43% of its total shares outstanding invested in 8.59M Upwork shares.

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