What smart money is saying about Uber
10 funds in our archive have pitched Uber — most recently Fundsmith Equity Fund in June 2026.
Uber Technologies, Inc. is a leading technology corporation that conceptualizes and deploys its proprietary software applications across a broad global footprint, spanning North and South America, Europe, the Middle East, Africa, and the Asia-Pacific region. The company primarily serves as a digital nexus, linking consumers with independent transport providers for ride-hailing services. Furthermore, it connects individuals and other patrons with a variety of establishments—such as restaurants, grocery stores, and other retailers—to a network of delivery service providers for the preparation and transport of meals, groceries, and other goods. The organization structures its operations into three distinct divisions: Mobility, Delivery, and Freight. The Mobility division facilitates access for consumers to a wide array of transportation options offered by drivers, including traditional cars, auto rickshaws, motorbikes, minibuses, or taxis. This segment also incorporates financial collaborations, public transit integrations, and various vehicle-centric solutions. The Delivery division empowers users to easily locate and place orders from local eateries for either collection or delivery. Additionally, it encompasses the delivery of groceries, alcoholic beverages, convenience items, and a selection of other merchandise. The Freight division functions by pairing freight carriers with shippers through its platform, providing carriers with clear, pre-disclosed pricing and streamlined shipment booking capabilities, alongside broader transportation management and logistics services. Originally incorporated as Ubercab, Inc., the company officially adopted the name Uber Technologies, Inc. in February 2011. It was established in 2009 and maintains its principal offices in San Francisco, California.
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Position history
Between Q4 2024 and Q2 2026, 5 fund letters reported a position in Uber — 1 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 1 | 0 | 1 |
| Q1 2026 | 2 | 0 | 1 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 0 | 0 | 0 | 3 |
| Q1 2025 | 0 | 0 | 0 | 2 |
| Q4 2024 | 0 | 0 | 0 | 2 |
Fund activity · 5 positions · 2 moves
- New positionFundsmith Equity FundJune 2026
“We began accumulating stakes in AppLovin, GE Vernova, Legrand, Mastercard, Netflix, Nextpower, Sage, The TJX Companies, TSMC, Uber, Veeva Systems, and Yum! Brands.”
Read the letterUber - HoldsHardman Johnston Global Equity (Hardman Johnston Global Advisors)June 2026
“Rheinmetall AG Germany 2.3 Aerospace & Defense Jan. 2025 Safran S.A. France 4.3 Aerospace & Defense Feb. 2023 Uber Technologies, Inc.”
Read the letterUber - HoldsOptimist FundJune 2026
Listed in Optimist Fund’s reported holdings.
Read the letterUber - ExitedFlexible Equity FundMarch 2026
“During the quarter, we added three new positions—NVIDIA Corporation (NVDA), SAP SE Sponsored ADR (SAP), and Watsco, Inc. (WSO)—while exiting T- Mobile (TMUS), Workday, Inc. (WDAY), and Uber Technologies (UBER)”
Read the letterUber - HoldsHardman Johnston Large Cap EquityMarch 2026
“Stanley Black & Decker Inc. United States 2.0 Machinery Uber Technologies, Inc. United States 2.1 Ground Transportation”
Read the letterUber
Also mentioned · 4
These funds discuss Uber — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedCDT CapitalJune 2026
“like Uber which burned through its AI budget for all of 2026 in April (Article).”
Read the letterUber - MentionedEmerald Focused Equity StrategyJune 2026
“Both Uber and Meta have reportedly curtailed employees' use of AI tools as costs rose sharply.”
Read the letterUber - MentionedCDT Capital (CDT)June 2026
“like Uber which burned through its AI budget for all of 2026 in April (Article).”
Read the letterUber - MentionedLHC Capital High Conviction FundJune 2026
“Life360 also announced an integration with Uber that allows families to organise and monitor Uber Family rides through the Life360 app.”
Read the letterUber
Fund coverage · 10 theses
- Fundsmith Equity FundJune 2026
Uber runs a two-sided mobility and delivery platform with strong network effects, improving cash generation, and optionality in new services and autonomous vehicles.
Read the full thesis - Pershing SquareDecember 2025
Uber Technologies is leveraging AV partnerships and strong operating leverage to drive rapid growth in users, bookings, and profitability.
Read the full thesis - Focus GrowthSeptember 2025
Uber is a compelling investment due to its significant growth potential, strong brand recognition, and favorable valuation despite the long-term threat of autonomous vehicles.
Read the full thesis - Burke Wealth ManagementJune 2025
Uber Technologies is a leading global platform in mobility and delivery, positioned for long-term growth despite uncertainties around autonomous driving and competitive dynamics in delivery.
Read the full thesis - Pershing SquareJune 2025
Uber’s undervalued stock, accelerating AV partnerships, strong delivery growth, and massive capital returns position it for 30%+ EPS growth and long-term leadership in the future of mobility.
Read the full thesis - BrasadaJune 2025
Uber is a technology-driven marketplace connecting riders, drivers, restaurants, and shippers, with a robust business model that benefits from extensive data and dynamic pricing while embracing opportunities in autonomous vehicles for future growth.
Read the full thesis - Hinde GroupMarch 2025
Uber is a leading global transportation network company with operations in over 10,000 cities, expected to exceed $180 billion in gross bookings this year, and is well-positioned to navigate economic challenges while benefiting from increased vehicle costs and limited impact from tariffs.
Read the full thesis - Pershing SquareMarch 2025
Uber combines platform scale, pricing power, and AV partnership upside—offering 30%+ earnings growth and multiple expansion from today's discounted valuation driven by misunderstood long-term dynamics.
Read the full thesis - Platinium AMDecember 2024
Uber is well-positioned to thrive in the autonomous vehicle market despite current competition, leveraging its existing business expertise as a cooperative partner for Waymo and Tesla.
Read the full thesis - Hardman Johnston Global EquityDecember 2024
Uber is a market-leading platform company benefiting from significant growth opportunities in ride-hailing, food delivery, and freight services across global markets.
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