Who owns Upstart Holdings, Inc. (UPST)
Which tracked institutional funds hold UPST, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See UPST company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on UPST is one-sided between 2025-Q4 and 2026-Q1: 38 added or opened and 153 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
UPST’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes UPST more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in UPST divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 340 tracked filers holding UPST, 177 increased or opened the position and 205 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in UPST between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 22
- VANGUARD CAPITAL MANAGEMENT LLC$96M
- VANGUARD PORTFOLIO MANAGEMENT LLC$96M
- COATUE MANAGEMENT LLC$22M
- VANGUARD FIDUCIARY TRUST CO$15M
- Squarepoint Ops LLC$14M
- Trexquant Investment LP$6M
Full exits 32
- VANGUARD GROUP INC$348M
- Jericho Capital Asset Management L.P.$219M
- Azora Capital LP$39M
- WELLINGTON MANAGEMENT GROUP LLP$21M
- Nishkama Capital, LLC$21M
- Annex Advisory Services, LLC$18M
Largest adds
- MARSHALL WACE, LLP$60M
- BALYASNY ASSET MANAGEMENT L.P.$21M
- Halter Ferguson Financial Inc.$19M
- DIMENSIONAL FUND ADVISORS LP$14M
- JANE STREET GROUP, LLC$11M
- MILLENNIUM MANAGEMENT LLC$8M
Largest trims
- BlackRock, Inc.$120M
- BANK OF AMERICA CORP /DE/$98M
- MORGAN STANLEY$82M
- Clear Street Group Inc.$50M
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.$50M
- Marex Group plc$49M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 7,403,079 | $190M | 6.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 3,975,059 | $102M | 3.7% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 3,752,050 | $96M | 3.5% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 3,743,541 | $96M | 3.5% | 2026-Q1 |
| MARSHALL WACE, LLP added | 3,280,110 | $84M | 3.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,124,078 | $54M | 2.0% | 2026-Q1 |
| STATE STREET CORP added | 2,053,086 | $53M | 1.9% | 2026-Q1 |
| NORGES BANK trimmed | 986,037 | $45M | 1.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 1,559,486 | $40M | 1.5% | 2026-Q1 |
| Clear Street Group Inc. trimmed | 1,555,206 | $40M | 1.4% | 2026-Q1 |
| Halter Ferguson Financial Inc. added | 1,467,360 | $38M | 1.4% | 2026-Q1 |
| BARCLAYS PLC added | 1,272,286 | $33M | 1.2% | 2026-Q1 |
| BAILLIE GIFFORD & CO added | 1,108,295 | $28M | 1.0% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 1,022,780 | $26M | 1.0% | 2026-Q1 |
| UBS Group AG added | 881,867 | $23M | 0.8% | 2026-Q1 |
| COATUE MANAGEMENT LLC | 870,947 | $22M | 0.8% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 869,416 | $22M | 0.8% | 2026-Q1 |
| CAPITAL FUND MANAGEMENT S.A. added | 846,779 | $22M | 0.8% | 2026-Q1 |
| CITIGROUP INC added | 806,341 | $21M | 0.8% | 2026-Q1 |
| NORTHERN TRUST CORP added | 758,887 | $19M | 0.7% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 756,060 | $19M | 0.7% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 740,823 | $19M | 0.7% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 668,064 | $17M | 0.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 656,018 | $17M | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 631,162 | $16M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 597,310 | $15M | 0.6% | 2026-Q1 |
| KADENSA CAPITAL Ltd added | 589,871 | $15M | 0.5% | 2026-Q1 |
| FRED ALGER MANAGEMENT, LLC trimmed | 559,525 | $14M | 0.5% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 531,387 | $14M | 0.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 505,978 | $13M | 0.5% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 373,455 | $10M | 0.3% | 2026-Q1 |
| GC Wealth Management RIA, LLC added | 344,646 | $9M | 0.3% | 2026-Q1 |
| Pathstone Holdings, LLC added | 337,287 | $9M | 0.3% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 326,106 | $8M | 0.3% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 288,044 | $7M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 267,341 | $7M | 0.2% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 267,076 | $7M | 0.2% | 2026-Q1 |
| PEAK6 LLC added | 242,030 | $6M | 0.2% | 2026-Q1 |
| Trexquant Investment LP added | 226,197 | $6M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 216,523 | $6M | 0.2% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 215,345 | $6M | 0.2% | 2026-Q1 |
| Maxi Investments CY Ltd | 193,400 | $5M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 188,344 | $5M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC trimmed | 183,637 | $5M | 0.2% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 180,606 | $5M | 0.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 178,984 | $5M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 173,200 | $4M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 99,991 | $4M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 167,379 | $4M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 161,770 | $4M | 0.2% | 2026-Q1 |
| BANK OF NOVA SCOTIA added | 150,475 | $4M | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 152,062 | $4M | 0.1% | 2026-Q1 |
| Holocene Advisors, LP added | 134,934 | $3M | 0.1% | 2026-Q1 |
| Liontrust Investment Partners LLP | 71,524 | $3M | 0.1% | 2026-Q1 |
| Marex Group plc trimmed | 116,308 | $3M | 0.1% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 115,008 | $3M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 7,946,913 | $348M | 12.6% | 2025-Q4 stale |
| Jericho Capital Asset Management L.P. added | 5,011,809 | $219M | 8.0% | 2025-Q4 stale |
| Slate Path Capital LP new | 2,731,974 | $139M | 5.0% | 2025-Q3 stale |
| Contour Asset Management LLC new | 1,387,200 | $90M | 3.3% | 2025-Q2 stale |
| Driehaus Capital Management LLC added | 1,271,891 | $82M | 3.0% | 2025-Q2 stale |
| RENAISSANCE TECHNOLOGIES LLC added | 1,441,600 | $66M | 2.4% | 2025-Q1 stale |
| FULLER & THALER ASSET MANAGEMENT, INC. added | 1,046,143 | $53M | 1.9% | 2025-Q3 stale |
| Tidal Investments LLC added | 1,000,638 | $51M | 1.8% | 2025-Q3 stale |
| MANE GLOBAL CAPITAL MANAGEMENT LP new | 673,712 | $44M | 1.6% | 2025-Q2 stale |
| Azora Capital LP added | 882,231 | $39M | 1.4% | 2025-Q4 stale |
| WELLINGTON MANAGEMENT GROUP LLP added | 489,219 | $21M | 0.8% | 2025-Q4 stale |
| Nishkama Capital, LLC added | 487,060 | $21M | 0.8% | 2025-Q4 stale |
| Annex Advisory Services, LLC added | 421,373 | $18M | 0.7% | 2025-Q4 stale |
| Rokos Capital Management LLP trimmed | 360,719 | $18M | 0.7% | 2025-Q3 stale |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC trimmed | 300,000 | $15M | 0.6% | 2025-Q3 stale |
| Hidden Lake Asset Management LP added | 316,586 | $14M | 0.5% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC added | 194,854 | $13M | 0.5% | 2025-Q2 stale |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 262,000 | $12M | 0.4% | 2025-Q1 stale |
| Q Fund Management (Hong Kong) Ltd new | 173,700 | $11M | 0.4% | 2025-Q2 stale |
| Carnegie Investment Counsel added | 238,163 | $10M | 0.4% | 2025-Q4 stale |
| J. Goldman & Co LP added | 211,152 | $9M | 0.3% | 2025-Q4 stale |
| Virtu Financial LLC added | 170,211 | $9M | 0.3% | 2025-Q3 stale |
| Y-Intercept (Hong Kong) Ltd added | 128,377 | $8M | 0.3% | 2025-Q2 stale |
| Optiver Holding B.V. trimmed | 172,305 | $8M | 0.3% | 2025-Q4 stale |
| Metavasi Capital LP new | 95,000 | $6M | 0.2% | 2025-Q2 stale |
| Magnetar Financial LLC added | 121,701 | $6M | 0.2% | 2025-Q1 stale |
| Hillsdale Investment Management Inc. added | 98,410 | $5M | 0.2% | 2025-Q3 stale |
| Interval Partners, LP new | 112,292 | $5M | 0.2% | 2025-Q4 stale |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. trimmed | 110,688 | $5M | 0.2% | 2025-Q4 stale |
| Erste Asset Management GmbH new | 83,400 | $5M | 0.2% | 2025-Q3 stale |
| AXA Investment Managers S.A. new | 92,466 | $5M | 0.2% | 2025-Q3 stale |
| Edgestream Partners, L.P. added | 89,836 | $5M | 0.2% | 2025-Q3 stale |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | 70,160 | $5M | 0.2% | 2025-Q2 stale |
| G2 Investment Partners Management LLC new | 67,500 | $4M | 0.2% | 2025-Q2 stale |
| Nebula Research & Development LLC added | 60,689 | $4M | 0.1% | 2025-Q2 stale |
| FEDERATED HERMES, INC. trimmed | 73,441 | $4M | 0.1% | 2025-Q3 stale |
| MACQUARIE GROUP LTD added | 76,649 | $4M | 0.1% | 2025-Q1 stale |
| Robeco Institutional Asset Management B.V. | 75,000 | $3M | 0.1% | 2025-Q1 stale |
| Polar Asset Management Partners Inc. trimmed | 74,700 | $3M | 0.1% | 2025-Q4 stale |
| Bridgewater Associates, LP added | 61,972 | $3M | 0.1% | 2025-Q3 stale |
| Verition Fund Management LLC trimmed | 69,020 | $3M | 0.1% | 2025-Q4 stale |
| Quadrature Capital Ltd added | 45,904 | $3M | 0.1% | 2025-Q2 stale |
| Jump Financial, LLC trimmed | 66,393 | $3M | 0.1% | 2025-Q4 stale |
| Global IMC LLC added | 61,551 | $3M | 0.1% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.