Vanguard's stake fell below the 5% threshold, but the reduction is modest and consistent with routine portfolio rebalancing by a large passive manager. No further filings required unless the stake crosses 5% again. Monitor for any future 13G amendments or a potential 13D conversion, though unlikely given Vanguard's passive mandate.
Price Chart
Executive Summary
Vanguard Capital Management LLC filed an amended Schedule 13G disclosing a 4.93% passive stake in Upwork, Inc., down from a prior 5%+ position. The filing confirms the stake fell below the 5% threshold, indicating a reduction in holdings.
Key Financial Metrics
Key Facts
- Vanguard Capital Management LLC filed SC 13G/A on 2026-10-30
- Beneficial ownership: 6,164,469 shares of common stock (4.93% of shares outstanding)
- Sole dispositive power: 6,164,469 shares; sole voting power: 943,322 shares
- Prior filing (SC 13G/A on 2026-06-05) showed a stake above 5% (exact percentage not stated in provided documents)
- This is a passive investment, not an activist filing
Financial Impact
Stake reduction from above 5% to 4.93%; no dollar value stated in filing
Risk Factors
- Continued selling by Vanguard could signal reduced institutional confidence
- Passive stake reduction may be misinterpreted as negative sentiment by the market
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0002100119-26-001646 |
| Document: 0002100119-26-001646-index.html | 0002100119-26-001646 |
| Document: 0002100119-26-001646.txt | 0002100119-26-001646 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G/A | $9.17 | awaiting T+20 | awaiting T+20 | $9.15 (−0.16%) |
Sep 22, 2026 5w ago | Insider Cluster | $8.18 $8.75 | ▼ −6.97% | ▼ −6.28% | $9.15 (−11.86%) |
Aug 20, 2026 10w ago | Insider Cluster | $8.61 $8.37 | ▲ +2.79% | ▲ +3.80% | $9.15 (−6.27%) |
Aug 10, 2026 11w ago | Press Release | $8.36 $8.24 | ▲ +1.44% | ▲ +0.38% | $9.15 (−9.45%) |
Jul 16, 2026 15w ago | 8-K | $9.06 $8.49 | ▼ −6.35% | ▼ −10.79% | $9.15 (+0.99%) |
Jun 23, 2026 18w ago | 8-K | $8.22 $8.96 | ▲ +9.00% | ▲ +7.07% | $9.15 (+11.31%) |
Jun 8, 2026 20w ago | 3 | $8.82 $8.87 | ▲ +0.57% | ▼ −0.88% | $9.15 (+3.74%) |
Jun 5, 2026 21w ago | 8-K | $8.76 $8.86 | ▲ +1.14% | ▼ −0.72% | $9.15 (+4.45%) |
May 20, 2026 23w ago | Insider Cluster | $8.44 $7.86 | ▼ −6.93% | ▼ −7.26% | $9.15 (+8.41%) |
May 7, 2026 25w ago | 8-K | $8.82 $8.76 | ▲ +0.68% | ▲ +0.70% | $9.15 (−3.74%) |
US Market Status
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