Upwork Inc.
US ˙ NasdaqGS ˙ US91688F1049

SecurityUPWK / Upwork Inc.
InstitutionEngineers Gate Manager LP
Latest Disclosed Ownership153,900 shares
Latest Disclosed Value $ 1,686,744
Engineers Gate Manager LP reports 84.55% increase in ownership of UPWK / Upwork Inc.

On May 15, 2026 - Engineers Gate Manager LP filed a 13F-HR form disclosing ownership of 153,900 shares of Upwork Inc. (US:UPWK) valued at $1,686,744 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 83,393 shares of Upwork Inc.. This represents a change in shares of 84.55% during the quarter. The current value of the position is $1,317,384 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F UPWORK COM 91688F104 153,900 70,507 84.55 1,687 2.06 0.0211
2026-02-17 2025-12-31 13F UPWORK COM 91688F104 83,393 83,393 1,653 0.0196
2025-11-14 2025-09-30 13F UPWORK COM 91688F104 0 -123,884 -100.00 0 -100.00
2025-08-14 2025-06-30 13F UPWORK COM 91688F104 123,884 49,303 66.11 1,665 71.12 0.0207
2025-05-15 2025-03-31 13F UPWORK COM 91688F104 74,581 -39,635 -34.70 973 -47.88 0.0164
2025-02-14 2024-12-31 13F UPWORK COM 91688F104 114,216 -158,313 -58.09 1,867 -34.42 0.0325
2024-11-14 2024-09-30 13F UPWORK COM 91688F104 272,529 82,923 43.73 2,848 39.70 0.0556
2024-08-14 2024-06-30 13F UPWORK COM 91688F104 189,606 -31,595 -14.28 2,038 -24.82 0.0460
2024-05-15 2024-03-31 13F UPWORK COM 91688F104 221,201 -96,290 -30.33 2,712 -42.58 0.0714
2024-02-14 2023-12-31 13F UPWORK COM 91688F104 317,491 79,014 33.13 4,721 74.27 0.1348
2023-11-14 2023-09-30 13F UPWORK COM 91688F104 238,477 20,934 9.62 2,709 33.38 0.1001
2023-08-14 2023-06-30 13F UPWORK COM 91688F104 217,543 38,495 21.50 2,032 0.25 0.0768
2023-05-15 2023-03-31 13F UPWORK COM 91688F104 179,048 85,439 91.27 2,027 107.37 0.0847
2023-02-14 2022-12-31 13F UPWORK COM 91688F104 93,609 8,686 10.23 977 -15.56 0.0587
2022-11-14 2022-09-30 13F UPWORK COM 91688F104 84,923 71,174 517.67 1,157 307.39 0.0720
2022-08-15 2022-06-30 13F UPWORK COM 91688F104 13,749 -69,441 -83.47 284 -85.31 0.0104
2022-05-16 2022-03-31 13F UPWORK COM 91688F104 83,190 -3,912 -4.49 1,933 -35.03 0.0756
2022-02-14 2021-12-31 13F UPWORK COM 91688F104 87,102 22,984 35.85 2,975 3.05 0.1338
2021-11-15 2021-09-30 13F UPWORK COM 91688F104 64,118 51,065 391.21 2,887 279.37 0.1645
2021-08-16 2021-06-30 13F UPWORK COM 91688F104 13,053 -64,427 -83.15 761 -78.06 0.0489
2021-05-17 2021-03-31 13F UPWORK COM 91688F104 77,480 48,411 166.54 3,469 245.86 0.1719
2021-02-16 2020-12-31 13F UPWORK COM 91688F104 29,069 -47,321 -61.95 1,003 -24.70 0.0435
2020-11-16 2020-09-30 13F UPWORK COM 91688F104 76,390 -6,462 -7.80 1,332 11.37 0.0625
2020-08-17 2020-06-30 13F UPWORK COM 91688F104 82,852 10,478 14.48 1,196 156.10 0.0609
2020-05-15 2020-03-31 13F UPWORK COM 91688F104 72,374 42,283 140.52 467 45.48 0.0336
2020-02-14 2019-12-31 13F UPWORK COM 91688F104 30,091 -99,003 -76.69 321 -81.32 0.0141
2019-11-14 2019-09-30 13F UPWORK COM 91688F104 129,094 129,094 1,718 0.0873
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.