What smart money is saying about Uber Technologies
16 funds in our archive have pitched Uber Technologies, most recently Matrix Asset Advisors in September 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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Fund signal · last 12 months
28 lettersMore funds are buying than selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q3 2026, 36 fund letters reported a position in Uber Technologies, with 9 buys (opened or added) and 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 12 | 5 | 0 | 5 |
| Q2 2026 | 10 | 3 | 0 | 2 |
| Q1 2026 | 3 | 0 | 1 | 0 |
| Q4 2025 | 3 | 0 | 0 | 1 |
| Q3 2025 | 1 | 0 | 0 | 1 |
| Q2 2025 | 2 | 0 | 1 | 3 |
| Q1 2025 | 3 | 1 | 0 | 2 |
| Q4 2024 | 2 | 0 | 0 | 2 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 36 positions · 13 moves
- September 2026
“A number of the portfolio’s transport positions – including FedEx, Delta, and Uber – declined in response to higher input prices (e.g. diesel).”
Uber Technologies - September 2026
“Uber Technologies also issued a multi-tranche debut euro transaction to pre-fund a bridge facility associated with the acquisition of a complementary European business.”
Uber Technologies - September 2026
“Stanley Black & Decker Inc. United States 2.8 Machinery Uber Technologies, Inc. United States 1.8 Ground Transportation”
Uber Technologies - September 2026
“Other augmentations included an increase of capital to Uber, given its favourable risk/reward profile; and trimmings to our position in Salesforce, following its significant stock price rally; as well as our small outlier position in Moderna, also following its significant stock price rally.”
Uber Technologies - September 2026
“Other augmentations included an increase of capital to Uber, given its favourable risk/reward profile; and trimmings to our position in Salesforce, following its significant stock price rally; as well as our small outlier position in Moderna, also following its significant stock price rally.”
Uber Technologies - September 2026
“Fifteen new positions were added to the strategy in the third quarter. Capital One is the largest credit card issuer (by loans) in the United States. Capital One was trading at an attractive valuation following the Discover acquisition with the potential for earnings growth and multiple expansion. Uber is a technology platform that connects customers with providers of ride services (Mobility) and with restaurants, grocers and other stores (Delivery).”
Uber Technologies - HoldsBoyar Value GroupSeptember 2026
“Why We're Still Riding with Uber An example of why we continue to revisit our investment thesis is Uber, which we own.”
Uber Technologies - HoldsSTK Long Only FIASeptember 2026
Listed in STK Long Only FIA’s reported holdings.
Uber Technologies - HoldsSTK Long Biased FIC FIASeptember 2026
Listed in STK Long Biased FIC FIA’s reported holdings.
Uber Technologies - New positionMatrix Asset AdvisorsSeptember 2026
“During the quarter, we started a new position in Uber Technologies (UBER), the leading rideshare and delivery company.”
Uber Technologies - September 2026
“Uber Technologies (UBER) Uber’s share price declined 5% in the third quarter and 16% year-to-date.”
Uber Technologies - AddedTesys Value FISeptember 2026
“Increases Following the process of investing in companies in line with the fund's philosophy, the weight has been increased in three high-quality companies that trade at attractive valuation levels. First, Intercontinental Exchange, the company that owns the New York Stock Exchange, a business with significant network effects and operating leverage. Companies in the sector suffered stock market corrections in the second half of fiscal year 2025, and since then valuations have recovered pre-drop levels. Intercontinental Exchange has lagged in valuation, without this being justified by growth or margins. Another company in which the position has been increased has been Uber.”
Uber Technologies - 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.”
Uber Technologies “Howmet Aerospace, Inc. United States 4.3 Aerospace & Defense Nov. 2021 Prysmian S.p.A. Italy 3.9 Electrical Equipment Sept. 2025 Rheinmetall AG Germany 2.3 Aerospace & Defense Jan. 2025 Safran S.A. France 4.3 Aerospace & Defense Feb. 2023 Uber Technologies, Inc.”
Uber Technologies- June 2026
“ Industrials remains the Strategy’s largest sector overweight, driven by positions in Uber Technologies Inc (UBER), Cintas Corp (CTAS), Trane Technologies PLC (TT), and HEICO Corp Class A (HEI.A).”
Uber Technologies - HoldsOptimist FundJune 2026
Listed in Optimist Fund’s reported holdings.
Uber Technologies - June 2026
Listed in Buffalo Funds Growth Fund’s reported holdings.
Uber Technologies - HoldsPershing SquareJune 2026
“When taken together with our existing holdings in dominant, fast-growing companies such as Microsoft, Amazon, Meta, Uber, Brookfield, and Restaurant Brands, we believe our current portfolio is highly attractive”
Uber Technologies - June 2026
“Uber (UBER): Uber continues to execute effectively on our original 2022 investment thesis.”
Uber Technologies - New positionLiontrust Global Innovation FundJune 2026
Listed in Liontrust Global Innovation Fund’s reported holdings.
Uber Technologies - New positionLiontrust GF Global Innovation FundJune 2026
Listed in Liontrust GF Global Innovation Fund’s reported holdings.
Uber Technologies - AddedBurke Wealth Management Focused Growth StrategyJune 2026
“Q2 PORTFOLIO ACTIVITY The second quarter was an active trading quarter in our Focused Growth portfolio. We sold our positions in Abbott Labs and Lowe’s, added new positions in Eaton and Apollo, trimmed back rocket ship Micron twice for risk management purposes and used share price weakness as an opportunity to bolster our weightings in Intuitive Surgical, Meta, Service Now and Uber.”
Uber Technologies - 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)”
Uber Technologies - March 2026
“Stanley Black & Decker Inc. United States 2.0 Machinery Uber Technologies, Inc. United States 2.1 Ground Transportation”
Uber Technologies - HoldsBoyar Value GroupMarch 2026
“Madison Square Garden Sports & Uber That disconnect between price and value is one reason we continue to find compelling opportunities outside the market’s most crowded trades. Madison Square Garden Sports is one example. The company owns the New York Knicks and the New York Rangers, two of the most valuable sports franchises in the world, yet we believe the public market continues to value those assets far below what they would command in a private market transaction. Uber is another.”
Uber Technologies - HoldsDavenportDecember 2025
“Another key Fund performance detractor in the quarter was Uber Technologies Inc. (UBER) reflecting increasing market concerns about autonomous vehicles and the potential impact the technology may have on future growth.”
Uber Technologies - HoldsPlatinium Asset ManagementDecember 2025
Listed in Platinium Asset Management’s reported holdings.
Uber Technologies - HoldsOctahedron CapitalDecember 2025
“Any investment examples contained in this presentation have been included to demonstrate Octahedron’s investment strategy and investment process, and represent investments that Octahedron currently is following, including the four largest positions that are currently in the Funds’ portfolio (i.e., Snowflake, Amazon, Uber and Coupang).”
Uber Technologies - September 2025
Listed in RiverPark Long Short Opportunity Fund’s reported holdings.
Uber Technologies - June 2025
“Uber Technologies (UBER), a global mobility platform, delivered a solid quarter, demonstrating continued strength in its core rideshare and delivery businesses.”
Uber Technologies - June 2025
“Outside of the trades associated with the name swaps, we also made a number of strategic trims and adds to optimize existing position sizes in response to attractive price dynamics, including redeploying capital raised from partial sells of our positions in Intuit, ServiceNow and Uber on strength in order to fund incremental additions to Marvell, Datadog, and Chipotle on relative weakness.”
Uber Technologies - March 2025
“On an individual stock basis, the leading absolute contributors to performance were Visa, Uber, Marsh & McLennan, Netflix and Monster Beverage.”
Uber Technologies - HoldsTouchstone Sands Capital Select Growth FundMarch 2025
“Among the top individual absolute contributors to Select Growth’s results were Spotify Technology S.A., Sea Ltd. (both Communication Services sector), Intercontinental Exchange Inc. (Financials sector), Uber Technologies Inc. (Industrials sector), and Cloudflare Inc. (Information Technology sector).”
Uber Technologies - New positionBell Global Sustainable FundMarch 2025
“We also established a position in digital platform Uber Technologies.”
Uber Technologies - HoldsNewBridge Large Cap Growth EquityDecember 2024
“The portfolio held a significant position in Uber, while it did not own Tesla.”
Uber Technologies - HoldsIthaka groupDecember 2024
“Uber Technologies, Inc. (UBER) Uber Technologies employs a marketplace-based technology platform used to match drivers and their vehicles with individuals, products, and packages moving from point A to point B. The company offers its ~6M independent contractors (drivers) access to its 130M monthly active users (riders), providing both parties real-time access to logistics services. Uber’s business consists of three segments: Mobility, Delivery, and Freight. These businesses combined for ~$140B in annual bookings across 9.5B trips in 2023. Uber’s stock suffered from the perceived risks autonomous vehicles would pose to the company’s base business.”
Uber Technologies
Also mentioned · 12
These funds discuss Uber Technologies as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedSageOne Investment Managers SLMPOctober 2026
“• Uber has a market capitalization equivalent to a significant portion of Toyota despite not owning the cars that provide its service.”
Uber Technologies - MentionedKNA Capital Core Equity StrategySeptember 2026
“• Domino’s Pizza (Sold): Domino’s was an original holding in the Strategy and a disappointing performer. The biggest flaw in my thesis was that I didn’t expect food delivery aggregators like DoorDash and UberEats to be as successful as they have been.”
Uber Technologies - July 2026
“July continued to demonstrate a broad appetite for strategic acquisitions, including Vertex Pharmaceuticals' approximately $10 billion acquisition of Crinetics Pharmaceuticals, and Uber's $14.8 billion offer for privately held Delivery Hero.”
Uber Technologies - July 2026
“Rivian has also raised equity from strategic partners Volkswagen and Uber in 2026 for a combined $1.3 billion in the first six months of the year.”
Uber Technologies - MentionedBeck Mack & Oliver PortfolioJuly 2026
“Enterprises that had previously been using and experimenting with AI as much as possible have lately begun to pull back on and optimize their utilization in an effort to manage expenses. A recent headline is indicative of a broader trend: “Uber's COO says it's getting harder to justify the money spent on AI tokenmaxxing.””
Uber Technologies - MentionedO'Keefe Stevens NVIDIA StrategyJuly 2026
“This ecosystem is already taking shape. Agility Robotics, Amazon Robotics, Boston Dynamics, Figure, Uber, Mercedes-Benz, and many other robotics, automotive, and industrial leaders are building on NVIDIA platforms.”
Uber Technologies - 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.”
Uber Technologies - MentionedEmerald Focused Equity StrategyJune 2026
“The first invoices are already landing on the desks of corporate CFOs, and they seem to be inflating fast. Both Uber and Meta have reportedly curtailed employees' use of AI tools as costs rose sharply.”
Uber Technologies - MentionedCDT Capital (CDT)June 2026
“like Uber which burned through its AI budget for all of 2026 in April (Article).”
Uber Technologies - MentionedCDT CapitalJune 2026
“The price of service is of course one lever that companies can pull to improve profitability but only if markets allow it. Earlier in the year, OpenAI and their popular nemesis, Anthropic, moved their enterprise AI customers from a fixed paid subscription to a consumption-based model in which customers are charged closer to the true marginal cost of compute. The reaction has been vehemently negative with some customers reporting massive budget busting overruns like Uber which burned through its AI budget for all of 2026 in April (Article).”
Uber Technologies - MentionedFiduciary Management FundsJune 2026
“For example, companies like Uber and Microsoft have reportedly discontinued some of their Claude Code licenses due to unmanageable costs and elusive productivity.”
Uber Technologies - MentionedFiduciary Management FMI FundsJune 2026
“For example, companies like Uber and Microsoft have reportedly discontinued some of their Claude Code licenses due to unmanageable costs and elusive productivity.”
Uber Technologies
Fund coverage · 16 theses
- Matrix Asset AdvisorsSeptember 2026
Uber is the leading rideshare and delivery company with dominant market share, a strong balance sheet and capable management, and its share price decline on AV fears created an attractive buying opportunity at 16.2x 2027 earnings.
Read the full thesis - Boyar Value GroupSeptember 2026
Uber is growing rapidly, generating strong cash flow, trading at a discount valuation, and could benefit from autonomous-ride partnerships and network effects.
Read the full thesis - Tesys Value FISeptember 2026
Uber trades at 16 times earnings while growing operating profit 42%, with EBIT rising from -3.8 billion to 8 billion dollars in five years and a delivery business generating over 4 billion dollars of EBIT.
Read the full thesis - Pershing Square Holdings, Ltd.September 2026
Uber is held because its high-frequency, low-ticket, supply-aggregating model resists agentic disintermediation, earnings are growing about 35% this year, and the stock trades at 16 times earnings, its lowest valuation ever.
Read the full thesis - Cambiar Investors Opportunity FundSeptember 2026
Uber Technologies is a leading mobility platform with strong free cash flow, a net cash balance sheet, and expanding autonomous vehicle partnerships.
Read the full thesis - 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 - HIX Capital Geo FlagshipJune 2026
Uber is the largest on-demand mobility platform outside China, with a two-sided marketplace network effect in Mobility, a duopoly position in Delivery, and a superapp cross-sell model that drives frequency and profit per user.
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 - 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 - 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 - 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 - 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 - 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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