업워크(주)
MX ˙ BMV ˙ US91688F1049
SecurityMX:UPWK / Upwork Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership1,185,695 shares
Latest Disclosed Value $ 12,995,216
Morgan Stanley reports 57.12% decrease in ownership of UPWK / Upwork Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 1,185,695 shares of Upwork Inc. (MX:UPWK) valued at $12,995,216 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 2,765,286 shares of Upwork Inc.. This represents a change in shares of -57.12% 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 UPWORK COM 91688F104 1,185,695 -1,579,591 -57.12 12,995 -76.29 0.0008
2026-05-27 2025-12-31 13F/A-1 UPWORK COM 91688F104 2,765,286 -2,003,749 -42.02 54,808 -38.11 0.0033
2026-02-13 2025-12-31 13F UPWORK COM 91688F104 2,765,286 -2,003,749 54,808 0.0033
2026-05-27 2025-09-30 13F/A-1 UPWORK COM 91688F104 4,769,035 54,546 1.16 88,561 39.77 0.0054
2025-11-14 2025-09-30 13F UPWORK COM 91688F104 4,769,035 54,546 88,561 0.0054
2025-08-15 2025-06-30 13F UPWORK COM 91688F104 4,714,489 1,623,488 52.52 63,363 57.08 0.0041
2025-05-15 2025-03-31 13F UPWORK COM 91688F104 3,091,001 2,027,818 190.73 40,338 132.05 0.0029
2025-05-15 2024-12-31 13F/A-1 UPWORK COM 91688F104 1,063,183 38,875 3.80 17,383 62.40 0.0012
2025-02-14 2024-12-31 13F UPWORK COM 91688F104 1,063,183 38,875 17,383 0.0012
2025-05-14 2024-09-30 13F/A-2 UPWORK COM 91688F104 1,024,308 -439,460 -30.02 10,704 -31.97 0.0008
2025-02-14 2024-09-30 13F/A-1 UPWORK COM 91688F104 1,024,308 -439,460 10,704 0.0008
2024-11-14 2024-09-30 13F UPWORK COM 91688F104 1,024,308 -439,460 10,704 0.0001
2025-05-14 2024-06-30 13F/A-2 UPWORK COM 91688F104 1,463,768 231,751 18.81 15,736 4.18 0.0012
2024-10-17 2024-06-30 13F/A-1 UPWORK COM 91688F104 1,463,768 231,751 15,736 0.0012
2024-08-14 2024-06-30 13F UPWORK COM 91688F104 1,463,768 231,751 15,736 0.0012
2024-10-17 2024-03-31 13F/A-2 UPWORK COM 91688F104 1,232,017 -1,418,945 -53.53 15,105 -61.68 0.0012
2024-08-16 2024-03-31 13F/A-1 UPWORK COM 91688F104 1,232,017 -1,418,945 15,105 0.0001
2024-05-15 2024-03-31 13F UPWORK COM 91688F104 1,232,017 -1,418,945 15,105 0.0012
2024-08-16 2023-12-31 13F/A-1 UPWORK COM 91688F104 2,650,962 1,025,835 63.12 39,420 113.53 0.0035
2024-02-13 2023-12-31 13F UPWORK COM 91688F104 2,650,962 1,025,835 39,420 0.0035
2023-11-15 2023-09-30 13F UPWORK COM 91688F104 1,625,127 752,668 86.27 18,461 126.57 0.0019
2023-08-14 2023-06-30 13F UPWORK COM 91688F104 872,459 -283,572 -24.53 8,149 -37.73 0.0008
2023-05-15 2023-03-31 13F UPWORK COM 91688F104 1,156,031 504,418 77.41 13,086 92.38 0.0014
2023-02-14 2022-12-31 13F UPWORK COM 91688F104 651,613 -32,808 -4.79 6,803 -27.02 0.0008
2022-11-14 2022-09-30 13F UPWORK COM 91688F104 684,421 -907,066 -56.99 9,321 -71.68 0.0013
2022-10-27 2022-06-30 13F/A-1 UPWORK COM 91688F104 1,591,487 -1,797,157 -53.03 32,912 -58.21 0.0043
2022-08-15 2022-06-30 13F UPWORK COM 91688F104 1,591,487 -1,797,157 32,912 0.0043
2022-10-27 2022-03-31 13F/A-1 UPWORK COM 91688F104 3,388,644 650,881 23.77 78,753 -15.79 0.0106
2022-05-13 2022-03-31 13F UPWORK COM 91688F104 3,388,644 650,881 78,753 0.0106
2022-02-14 2021-12-31 13F UPWORK COM 91688F104 2,737,763 1,428,471 109.10 93,520 58.63 0.0115
2021-11-15 2021-09-30 13F UPWORK COM 91688F104 1,309,292 -779,080 -37.31 58,956 -51.57 0.0079
2021-08-23 2021-06-30 13F/A-1 UPWORK COM 91688F104 2,088,372 -607,082 -22.52 121,732 0.88 0.0161
2021-08-16 2021-06-30 13F UPWORK COM 91688F104 2,088,372 -607,082 121,732 0.0033
2021-05-17 2021-03-31 13F UPWORK COM 91688F104 2,695,454 1,620,910 150.85 120,674 225.33 0.0177
2021-02-16 2020-12-31 13F UPWORK COM 91688F104 1,074,544 488,003 83.20 37,093 262.63 0.0057
2020-11-13 2020-09-30 13F UPWORK COM 91688F104 586,541 -150,425 -20.41 10,229 -3.88 0.0020
2020-08-14 2020-06-30 13F UPWORK COM 91688F104 736,966 663,599 904.49 10,642 2,149.89 0.0024
2020-05-26 2020-03-31 13F/A-1 UPWORK COM 91688F104 73,367 -38,150 -34.21 473 -60.22 0.0001
2020-05-15 2020-03-31 13F UPWORK COM 91688F104 73,367 -38,150 473 36.3363
2020-02-14 2019-12-31 13F UPWORK COM 91688F104 111,517 -2,319,374 -95.41 1,189 -96.32 0.0003
2019-11-14 2019-09-30 13F UPWORK COM 91688F104 2,430,891 495,441 25.60 32,343 3.92 0.0086
2019-08-14 2019-06-30 13F UPWORK COM 91688F104 1,935,450 1,135,471 141.94 31,122 103.25 0.0083
2019-05-15 2019-03-31 13F UPWORK COM 91688F104 799,979 8,337 1.05 15,312 6.81 0.0043
2019-02-14 2018-12-31 13F UPWORK COM 91688F104 791,642 791,642 14,336 0.0043
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.