$UPWK

$9.07 -$0.44 (4.63%) Close

$UPWK Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 124.9M shares outstanding

Who owns UPWK?

By type of holder

Institutions 100.0% Insiders 0.0% Everyone else 0.0%

Concentration Top 10 holders own 54.8%

BlackRock, Inc. 15.4% · Vanguard Portfolio Management LLC 6.3%

Institutional ownership

100.0%

0 pts vs last qtr

Institutional holders

293

+2 vs last qtr

Net shares bought

−8.7M

by institutions in Q2 2026

New / sold out

57 / 55

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Goldman Sachs Group Inc +1.7M
Rice Hall James & Associates, LLC +1.5M

Biggest sellers in Q2 2026

Price T Rowe Associates Inc /MD/ −17.2M
Boston Partners −2.9M

Who is planning to sell?

Notices of proposed sale, last 12 months

$15.7M

34 notices from 7 people

Shares covered

1.1M

0.85% of the company

Arranged in advance

13%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Hayden Larson Brown Director $8.56M
Hayden Brown Officer $3.8M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2019–FY2025

+28.1%

+4.21% a year

Each share's claim on the business

−21.9%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$236M vs $381M

over 7 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years64% 3–5 years7% 1–3 years18% Under 1 year11%

Quarterly turnover

22.4%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting UPWK on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	19.3M	15.42%	+403.6K (+2.1%)	≤2021	0.0%
Shares held by quarter Peak holding20.1M (Q4'25) Change over 8 quarters+9.1M Share of the company15.420% BlackRock, Inc.'s full portfolio →
VP Vanguard Portfolio Management LLC	7.9M	6.32%	+124.4K (+1.6%)	≤2021	0.0%
Shares held by quarter Peak holding7.9M (Q2'26) Change over 8 quarters+7.9M Share of the company6.320% Vanguard Portfolio Management LLC's full portfolio →

BlackRock, Inc.

19.3M

% of company

15.42%

Change vs last qtr

+403.6K (+2.1%)

Held since

≤2021

Vanguard Portfolio Management LLC

7.9M

% of company

6.32%

Change vs last qtr

+124.4K (+1.6%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Upwork Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting UPWK on Form N-PORT; together they hold 61.2% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$62.2M	7.4M	5.96%	0.06%	June 30, 2026
TR T. Rowe Price All-Cap Opportunities Fund T. Rowe Price All-Cap Opportunities Fund, Inc.	$51.3M	4.7M	3.75%	0.36%	March 31, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$62.2M

% of company

5.96%

% of the fund

0.06%

As of

June 30, 2026

T. Rowe Price All-Cap Opportunities Fund

T. Rowe Price All-Cap Opportunities Fund, Inc.

Position value

$51.3M

% of company

3.75%

% of the fund

0.36%

As of

March 31, 2026

23 more funds behind a free account

See every fund holding Upwork Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
LT Layton Thomas Insider	3.3M	2.65%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company2.650% Layton Thomas's insider activity →
NE Nelson Elizabeth A Insider	1.5M	1.22%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company1.220% Nelson Elizabeth A's insider activity →

Layton Thomas

Insider

3.3M

% of company

2.65%

Change vs last qtr

—

Held since

—

Nelson Elizabeth A

Insider

1.5M

% of company

1.22%

Change vs last qtr

—

Held since

—

14 more holders behind a free account

See every insider and 5%+ holder of Upwork Inc..

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