As of November 6, 2026, 4 holders' latest Schedule 13D or 13G filings report owning 5% or more of Upwork Inc. The largest reported stake is BlackRock, Inc.'s, at 15.2%. 12 filings are on record since November 14, 2025 (Schedule 13G/A, July 30, 2026).
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Key facts
- · Reporting person: Vanguard Capital Management · Sole voting: 943,322 · Shared voting: 0 · Sole dispositive: 6,164,469 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-10-30
- · Reporting person: Ancient Art, L.P. · Sole voting: 0 · Shared voting: 7,228,530 · Sole dispositive: 0 · Shared dispositive: 7,228,530 · SCHEDULE 13G, 2026-08-14
- · Reporting person: BlackRock, Inc. · Sole voting: 18,589,877 · Shared voting: 0 · Sole dispositive: 18,796,623 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-07-30
- · Reporting person: T. Rowe Price Associates, Inc. · Sole voting: 222,978 · Shared voting: 0 · Sole dispositive: 229,581 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-06-05
- · Holder: T. Rowe Price Associates, Inc. · Percent: 13.4% · SCHEDULE 13G/A
Upwork Inc has 12 Schedule 13D or 13G filings on record since 2025-11-14. 4 holders' latest filing reports 5% or more of common stock. Each figure below is the holder's own, as filed, with the filing linked.
Layoffs on record: 1 filing or notice, latest 2026-05-07 (layoff filings and notices).
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| BlackRock, Inc. | 15.2% | 18,796,623 | SCHEDULE 13G/A, 2026-07-30 | 2026-06-30 |
| 6.2% | 7,744,477 | SCHEDULE 13G, 2026-08-14 | 2026-06-30 | |
| Vanguard Portfolio Management | 6.04% | 7,881,301 | SCHEDULE 13G, 2026-04-29 | 2026-03-31 |
| Lsv Asset Management | 5% | 6,537,275 | SCHEDULE 13G, 2026-02-05 | 2025-12-31 |
| Vanguard Capital Management | 4.93% | 6,164,469 | SCHEDULE 13G/A, 2026-10-30 | 2026-09-30 |
| T. Rowe Price Associates, Inc. | 0.2% | 229,581 | SCHEDULE 13G/A, 2026-06-05 | 2026-05-31 |
| The Vanguard Group | 0% | 0 | SCHEDULE 13G/A, 2026-03-27 | 2026-03-13 |
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More on Upwork Inc and the records around it.
Upwork Inc elsewhere on the record
- Leadership changes Jul 2026
- Layoff notices May 2026
- Who owns it
Companies that share a holder
- LSV ASSET MANAGEMENT also filed stake reports on 11 other companies: DROPBOX, INC. (Aug 2026), PITNEY BOWES INC /DE/ (Aug 2026), RingCentral, Inc. (Aug 2026)
- T. Rowe Price Associates, Inc. also filed stake reports on 191 other companies: PACIFIC BIOSCIENCES OF CALIF (Nov 2026), APARTMENT INVT & MGMT CO -A (Oct 2026), BETA BIONICS INC (Oct 2026)
- Vanguard Portfolio Management also filed stake reports on 941 other companies: Newmark Group Inc (Nov 2026), A10 Networks Inc (Oct 2026), ADT Inc (Oct 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| BlackRock, Inc. | 18,589,877 | 0 | 18,796,623 | 0 | SCHEDULE 13G/A, 2026-07-30 |
| Ancient Art, L.P. | 0 | 7,228,530 | 0 | 7,228,530 | SCHEDULE 13G, 2026-08-14 |
| Trango II, L.L.C. | 0 | 7,228,530 | 0 | 7,228,530 | SCHEDULE 13G, 2026-08-14 |
| Quincy J. Lee | 515,947 | 7,228,530 | 515,947 | 7,228,530 | SCHEDULE 13G, 2026-08-14 |
| Vanguard Capital Management | 943,322 | 0 | 6,164,469 | 0 | SCHEDULE 13G/A, 2026-10-30 |
| T. Rowe Price Associates, Inc. | 222,978 | 0 | 229,581 | 0 | SCHEDULE 13G/A, 2026-06-05 |
The latest filing identifies Upwork Inc by CUSIP 91688F104 and gives its principal executive office as 530 Lytton Avenue, Suite 301, Palo Alto, CA 94301 (SCHEDULE 13G/A, 2026-10-30).
What the percentages are based on
Ancient Art and Trango may be deemed the beneficial owners of 5.8% and Mr. Lee may be deemed the beneficial owner of 6.2% of the Issuer's outstanding shares of Common Stock.Quincy J. Lee, SCHEDULE 13G, 2026-08-14
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-11-14 | T. Rowe Price Associates, Inc. | 10.1% | SCHEDULE 13G/A |
| 2025-12-04 | BlackRock, Inc. | 14.1% | SCHEDULE 13G/A |
| 2026-02-05 | Lsv Asset Management | 5% | SCHEDULE 13G |
| 2026-02-17 | T. Rowe Price Associates, Inc. | 14.7% | SCHEDULE 13G/A |
| 2026-03-27 | The Vanguard Group | 0% | SCHEDULE 13G/A |
| 2026-04-29 | Vanguard Portfolio Management | 6.04% | SCHEDULE 13G |
| 2026-04-30 | Vanguard Capital Management | 5.06% | SCHEDULE 13G |
| 2026-05-15 | T. Rowe Price Associates, Inc. | 13.4% | SCHEDULE 13G/A |
| 2026-06-05 | T. Rowe Price Associates, Inc. | 0.2% | SCHEDULE 13G/A |
| 2026-07-30 | BlackRock, Inc. | 15.2% | SCHEDULE 13G/A |
| 2026-08-14 | Quincy J. Lee | 6.2% | SCHEDULE 13G |
| 2026-10-30 | Vanguard Capital Management | 4.93% | SCHEDULE 13G/A |
Questions about who owns Upwork Inc
Who owns Upwork Inc?
On this page, 4 holders' latest ownership filings report 5% or more of Upwork Inc: BlackRock, Inc. (15.2%, Schedule 13G/A, filed 2026-07-30), Quincy J. Lee (6.2%, Schedule 13G, filed 2026-08-14), Vanguard Portfolio Management (6.04%, Schedule 13G, filed 2026-04-29) and Lsv Asset Management (5%, Schedule 13G, filed 2026-02-05).
Who are the largest shareholders of Upwork Inc?
By the share each holder's latest filing reports, the largest holders of Upwork Inc on this page are BlackRock, Inc. (15.2%), Quincy J. Lee (6.2%) and Vanguard Portfolio Management (6.04%).
When did BlackRock, Inc. buy into Upwork Inc?
The filings give report dates, not purchase dates. The earliest filing from BlackRock, Inc. on this page is the Schedule 13G/A, filed 2025-12-04, reporting 14.1%; its latest, Schedule 13G/A filed 2026-07-30, reports 15.2%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 12 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for Upwork Inc
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| November 2, 2026 | Leadership change: Erica Gessert departs, Chief Financial Officer, and 1 more | — | Leadership changes | Source |
| June 5, 2026 | Leadership change filing (Form 8-K, Item 5.02) | — | Leadership changes | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.