Upwork Inc.
US ˙ NasdaqGS ˙ US91688F1049

SecurityUPWK / Upwork Inc.
InstitutionQube Research & Technologies Ltd
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Qube Research & Technologies Ltd closes position in UPWK / Upwork Inc.

On February 17, 2026 - Qube Research & Technologies Ltd filed a 13F-HR form disclosing ownership of 0 shares of Upwork Inc. (US:UPWK) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 271,857 shares of Upwork Inc.. The current value of the position is $0 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)
2026-02-17 2025-12-31 13F UPWORK COM 91688F104 0 -100.00 0
2025-11-14 2025-09-30 13F UPWORK COM 91688F104 271,857 -764,477 -73.77 5,048 -63.76 0.0052
2025-08-14 2025-06-30 13F UPWORK COM 91688F104 1,036,334 225,856 27.87 13,928 31.69 0.0142
2025-05-15 2025-03-31 13F UPWORK COM 91688F104 810,478 658,358 432.79 10,577 325.25 0.0123
2025-02-14 2024-12-31 13F UPWORK COM 91688F104 152,120 152,120 2,487 0.0033
2024-11-14 2024-09-30 13F UPWORK COM 91688F104 0 -505,263 -100.00 0 -100.00
2024-08-14 2024-06-30 13F UPWORK COM 91688F104 505,263 -38,324 -7.05 5,432 -18.50 0.0086
2024-05-14 2024-03-31 13F UPWORK COM 91688F104 543,587 -1,901 -0.35 6,664 -17.84 0.0106
2024-02-13 2023-12-31 13F UPWORK COM 91688F104 545,488 134,919 32.86 8,111 73.91 0.0158
2023-11-13 2023-09-30 13F UPWORK COM 91688F104 410,569 -2,624 -0.64 4,664 20.86 0.0122
2023-08-14 2023-06-30 13F UPWORK COM 91688F104 413,193 106,703 34.81 3,859 11.24 0.0140
2023-05-15 2023-03-31 13F UPWORK COM 91688F104 306,490 99,699 48.21 3,469 60.75 0.0149
2023-02-14 2022-12-31 13F UPWORK COM 91688F104 206,791 191,648 1,265.59 2,159 947.57 0.0116
2022-11-14 2022-09-30 13F UPWORK COM 91688F104 15,143 15,143 206 0.0012
2022-08-15 2022-06-30 13F UPWORK COM 91688F104 0 -26,256 -100.00 0 -100.00
2022-05-09 2022-03-31 13F UPWORK COM 91688F104 26,256 -16,834 -39.07 610 -58.56 0.0052
2022-02-10 2021-12-31 13F/A-1 UPWORK COM 91688F104 43,090 43,090 1,472 0.0114
2022-02-01 2021-12-31 13F UPWORK COM 91688F104 43,090 43,090 1,472 0.0114
2021-11-12 2021-09-30 13F UPWORK COM 91688F104 0 -61,809 -100.00 0 -100.00
2021-08-13 2021-06-30 13F UPWORK COM 91688F104 61,809 55,218 837.78 3,603 1,121.36 0.0411
2021-05-14 2021-03-31 13F UPWORK COM 91688F104 6,591 6,591 295 0.0047
2020-05-15 2020-03-31 13F UPWORK COM 91688F104 0 -35,585 -100.00 0 -100.00
2020-02-13 2019-12-31 13F UPWORK COM 91688F104 35,585 35,585 380 0.0119
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.