5 Stock Picks of Rishi Bajaj’s Altai Capital

1. Upwork Inc. (NASDAQ:UPWK)

Altai Capital’s Stake Value: $1,093,000
Percentage of Altai Capital’s 13F Portfolio: 0.47%
Number of Hedge Fund Holders: 32

Upwork Inc. (NASDAQ:UPWK) is a company that provides an online marketplace for companies to locate, hire, and pay freelancers for short- and long-term tasks. Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll are among the marketplace’s options.

Upwork Inc. (NASDAQ:UPWK) is one of the latest acquisitions of Altai Capital in Q4 2021. The hedge fund held shares worth over $1.09 million in Upwork Inc. (NASDAQ:UPWK), representing 0.47% of its 13F portfolio. Durable Capital Partners is Upwork Inc. (NASDAQ:UPWK)’s largest shareholder, with shares worth $62.30 million.

At the end of the fourth quarter of 2021, 32 hedge funds in the database of Insider Monkey held stakes worth $383.37 million in Upwork Inc. (NASDAQ:UPWK), down from 35 the preceding quarter worth $418.06 million.

In its Q4 2020 investor letter, Spree Capital Advisers mentioned Upwork Inc. (NASDAQ:UPWK). Here is what the fund has to say about Upwork Inc. (NASDAQ:UPWK):

“Early in the fourth quarter we meaningfully increased our position size in Upwork (UPWK). Upwork is a global employment marketplace that enables businesses to vet, hire, and manage talent as part of their distributed workforce. Upwork facilitates labor and demand side connectivity on a global scale by providing the infrastructure to create trust and to streamline talent sourcing, contracting, analysis and payment. Freelancers benefit from having a reputation ranking system that feeds their marketing channels, allowing them to have access to quality, flexible work and on time compensation. Businesses on the demand side benefit by having extensive access to specialized talent, enabling faster and more cost effective hiring, and by having the strategic optionality inherent in the ability to flex a portion of their workforce based on changing demand requirements…” (Click here to see the full text)

You can also take a peek at 10 Stocks to Sell Now According to Michael Zimmerman’s Prentice Capital Management and 8 Stocks to Sell Now According to Mitch Cantor’s Mountain Lake Investment Management.

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