Upstart Holdings, Inc. - Common Stock, par value $0.0001 per share (UPST) Institutional Ownership

13F Institutional Holders and Ownership History from Q4 2020 to Q4 2025

Type / Class
Equity / Common Stock, par value $0.0001 per share
Symbol
UPST on Nasdaq
Shares outstanding
96,380,942
Price per share
$45.20
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
64,413,137
Total reported value
$2,816,416,781
% of total 13F portfolios
0%
Share change
+336,311
Value change
-$53,050,911
Number of holders
381
Price from insider filings
$45.20
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Upstart Holdings, Inc. - Common Stock, par value $0.0001 per share (UPST) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Jericho Capital Asset Management L.P. 5.2% $253,647,653 5,011,809 Jericho Capital Asset Management L.P. 31 Dec 2025
D. E. SHAW & CO, L.P. 4.9% -2% $226,227,712 4,599,059 0% D. E. Shaw & Co., L.P. 31 Dec 2024
SUSQUEHANNA SECURITIES, LLC 4.6% -18% $230,486,797 -$49,551,239 4,554,175 -18% G1 Execution Services, LLC 31 Dec 2025
Citadel Securities GP LLC 4.7% $228,646,735 4,500,982 Citadel Securities GP LLC 02 Oct 2025

As of 31 Dec 2025, 381 institutional investors reported holding 64,413,137 shares of Upstart Holdings, Inc. - Common Stock, par value $0.0001 per share (UPST). This represents 67% of the company’s total 96,380,942 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Upstart Holdings, Inc. - Common Stock, par value $0.0001 per share (UPST) together control 51% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 8.4% 8,073,659 -2% 0.01% $353,061,109
BlackRock, Inc. 7.4% 7,088,760 +3.4% 0.01% $309,991,474
Jericho Capital Asset Management L.P. 5.2% 5,011,809 +12% 2.5% $219,166,408
MORGAN STANLEY 4.4% 4,206,615 +155% 0.01% $183,955,303
BANK OF AMERICA CORP /DE/ 2.6% 2,538,426 +936% 0.01% $111,005,370
GEODE CAPITAL MANAGEMENT, LLC 2.1% 2,068,515 +1.3% 0.01% $90,469,479
Clear Street Group Inc. 2.1% 2,061,714 +261% 0.47% $90,158,753
STATE STREET CORP 2.1% 2,001,053 -2.5% 0% $87,506,048
GOLDMAN SACHS GROUP INC 1.7% 1,652,624 +4% 0.01% $72,269,248
SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.3% 1,287,089 +34% 0.08% $56,284,402
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 1.3% 1,208,201 +2.5% 0.08% $52,835,745
Marex Group plc 1.2% 1,178,997 -9.6% 0.56% $51,557,539
NORGES BANK 1.2% 1,141,425 0.01% $49,914,515
CITADEL ADVISORS LLC 1.1% 1,105,759 +273% 0.03% $48,354,841
SG Americas Securities, LLC 1.1% 1,085,851 +423% 0.06% $47,484,000
FRED ALGER MANAGEMENT, LLC 1% 1,006,130 -11% 0.17% $43,998,066
Azora Capital LP 0.92% 882,231 2.4% $38,579,962
BARCLAYS PLC 0.9% 864,102 +20% 0.02% $37,787,182
Connor, Clark & Lunn Investment Management Ltd. 0.88% 850,839 -12% 0.1% $37,207,189
BAILLIE GIFFORD & CO 0.79% 758,929 0.03% $33,187,966
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.77% 745,836 +0.59% 0.01% $32,615,408
NORTHERN TRUST CORP 0.77% 744,186 -5.2% 0% $32,543,255
CAPITAL FUND MANAGEMENT S.A. 0.7% 671,345 +19% 0.28% $29,357,916
UBS Group AG 0.67% 642,137 -22% 0.01% $28,080,651
CITIGROUP INC 0.58% 563,645 +2.5% 0.02% $24,648,196

Institutional Holders of Upstart Holdings, Inc. - Common Stock, par value $0.0001 per share (UPST) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 64,413,137 $2,816,416,781 -$53,050,911 $43.73 381
2025 Q3 64,361,351 $3,271,418,029 +$26,813,630 $50.80 409
2025 Q2 61,482,886 $3,976,738,167 +$285,173,866 $64.68 413
2025 Q1 59,215,110 $2,725,814,276 +$10,538,531 $46.03 379
2024 Q4 58,278,709 $3,589,180,766 +$462,897,457 $61.57 384
2024 Q3 49,284,571 $1,972,186,410 +$429,361,774 $40.01 333
2024 Q2 38,937,881 $918,691,605 +$17,060,106 $23.59 268
2024 Q1 36,829,450 $990,342,824 -$148,965,446 $26.89 267
2023 Q4 41,564,004 $1,703,164,705 +$163,622,707 $40.86 318
2023 Q3 37,648,704 $1,080,074,177 +$36,378,208 $28.54 281
2023 Q2 35,989,602 $1,292,613,006 +$270,199,393 $35.81 288
2023 Q1 29,593,892 $470,134,093 +$5,540,353 $15.89 251
2022 Q4 29,405,589 $388,793,384 -$57,963,156 $13.22 247
2022 Q3 31,491,904 $655,305,813 -$170,452,391 $20.79 261
2022 Q2 36,501,332 $1,154,193,273 -$398,704,589 $31.62 300
2022 Q1 40,580,323 $4,422,786,148 -$46,677,145 $109.09 472
2021 Q4 38,213,803 $5,785,164,441 -$810,603,992 $151.30 448
2021 Q3 40,972,254 $12,964,892,571 +$2,331,706,466 $316.44 414
2021 Q2 40,473,788 $4,970,720,456 -$357,622,023 $124.90 245
2021 Q1 37,947,102 $4,792,461,565 +$7,944,874 $128.86 125
2020 Q4 44,134,589 $1,753,422,169 +$1,583,385,119 $40.75 61