Upstart Holdings, Inc.
CH ˙ SWX ˙ US91680M1071
SecurityCH:UPST / Upstart Holdings, Inc.
InstitutionFred Alger Management, Llc
Latest Disclosed Ownership559,525 shares
Latest Disclosed Value $ 14,351,816
Fred Alger Management, Llc reports 44.39% decrease in ownership of UPST / Upstart Holdings, Inc.

On May 15, 2026 - Fred Alger Management, Llc filed a 13F-HR form disclosing ownership of 559,525 shares of Upstart Holdings, Inc. (CH:UPST) valued at $14,351,816 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 1,006,130 shares of Upstart Holdings, Inc.. This represents a change in shares of -44.39% during the quarter.

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 Upstart Holdings Equity 91680M107 559,525 -446,605 -44.39 14,352 -67.38 0.0401
2026-02-17 2025-12-31 13F Upstart Holdings Equity 91680M107 1,006,130 -121,438 -10.77 43,998 -23.19 0.1726
2025-11-14 2025-09-30 13F Upstart Holdings Equity 91680M107 1,127,568 -92,132 -7.55 57,280 -27.39 0.2229
2025-08-14 2025-06-30 13F Upstart Holdings Equity 91680M107 1,219,700 -544,436 -30.86 78,890 -2.85 0.3531
2025-05-16 2025-03-31 13F Upstart Holdings Equity 91680M107 1,764,136 -150,985 -7.88 81,203 -31.13 0.4624
2025-02-14 2024-12-31 13F Upstart Holdings Equity 91680M107 1,915,121 668,282 53.60 117,914 136.37 0.5618
2024-11-14 2024-09-30 13F UPSTART HOLDINGS Common 91680M107 1,246,839 754,416 153.20 49,886 329.46 0.2418
2024-08-14 2024-06-30 13F UPSTART HOLDINGS Common 91680M107 492,423 -15,103 -2.98 11,616 -14.88 0.0565
2024-05-15 2024-03-31 13F UPSTART HOLDINGS Common 91680M107 507,526 232,211 84.34 13,647 21.32 0.0677
2024-02-14 2023-12-31 13F UPSTART HOLDINGS Common 91680M107 275,315 -232,735 -45.81 11,249 -22.42 0.0607
2023-11-14 2023-09-30 13F UPSTART HOLDINGS Common 91680M107 508,050 279,110 121.91 14,500 76.86 0.0769
2023-11-14 2023-09-30 13F UPSTART HOLDINGS Common 91680M107 508,050 14,500
2023-08-14 2023-06-30 13F UPSTART HOLDINGS Common 91680M107 228,940 80,428 54.16 8,198 247.52 0.0419
2023-05-16 2023-03-31 13F/A-1 UPSTART HOLDINGS Common 91680M107 148,512 -94,282 -38.83 2,360 -26.49 0.0126
2023-05-15 2023-03-31 13F UPSTART HOLDINGS Common 91680M107 148,512 -94,282 2,360 0.0117
2023-02-14 2022-12-31 13F UPSTART HOLDINGS Common 91680M107 242,794 -50,860 -17.32 3,210 -47.44 0.0174
2022-11-15 2022-09-30 13F UPSTART HOLDINGS Common 91680M107 293,654 -17,822 -5.72 6,105 -38.01 0.0309
2022-08-15 2022-06-30 13F UPSTART HOLDINGS Common 91680M107 311,476 -1,553,967 -83.30 9,849 -95.16 0.0460
2022-05-16 2022-03-31 13F UPSTART HOLDINGS Common 91680M107 1,865,443 955,883 105.09 203,501 47.87 0.6501
2022-02-14 2021-12-31 13F UPSTART HOLDINGS Common 91680M107 909,560 -1,229,479 -57.48 137,617 -79.67 0.3447
2021-11-15 2021-09-30 13F UPSTART HOLDINGS Common 91680M107 2,139,039 248,964 13.17 676,878 186.73 1.6139
2021-08-16 2021-06-30 13F UPSTART HOLDINGS Common 91680M107 1,890,075 288,710 18.03 236,070 14.40 0.5572
2021-05-17 2021-03-31 13F UPSTART HOLDINGS Common 91680M107 1,601,365 279,256 21.12 206,352 283.01 0.5399
2021-02-16 2020-12-31 13F UPSTART HOLDINGS Common 91680M107 1,322,109 1,322,109 53,876 0.1402
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.