Reviewed 13F filings. UPST gained traction on Wall Street in Q2, I suspect most were buying in that tight ~120/share range after IPO lockup expired in June
120 new institutions bought in for the first time during Q2 2021.
8 institutions made no change to their position
55 increased their holdings
23 decreased their holdings
21 sold out completely
Below are the top 12 funds ranked by size of their position in UPST.
[Institution name]: [number of shares owned as of June 30, 2021] (+ or – share change, percent change versus Q1 2021)
Third Point: 13,381,222 (no change)
VK Services: 5,248,588 (no change)
Fred Alger Management: 1,890,075 (+288710, +18.03%)
Vulcan Value Partners: 1,521,104 (+538016, +49.02%)
Morgan Stanley: 1,400,657 (-1130067, -44.65%)
DE Shaw & Co: 1,349,652 (+1298832, +999.99%)
Kuvari Partners: 649,829 (NEW)
KPCB XV Associates: 635,841 (-211947, -25%)
BlackRock: 613,850 (+21256, +3.59%)
Robeco Institutional Asset Management: 445,000 (+80000, +21.92%)
Jane Street: 362,496 (+305801, +539.38%)
Capital International Investors: 352,465 (no change)