HF Best Ideas
AnalysesQuarterly LettersWarren AI
All companies
Uber logo

What smart money is saying about UberUnited States flag

UBER · Technology · Software - Application · Market cap $159.73B

10 funds in our archive have pitched Uber — most recently Fundsmith Equity Fund in June 2026.

Company profile

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.

Get an email when a fund writes about it

Summarize with Warren AI
12
Reported positions
4
Bought
1
Sold
30
Letters

Position history

Between Q4 2024 and Q2 2026, 12 fund letters reported a position in Uber — 4 opened or added to the position, 1 trimmed or exited.

Fund letters reporting a position in Uber, by quarter
QuarterLettersBoughtSoldTheses
Q2 202610401
Q1 20262010
Q4 20250001
Q3 20250001
Q2 20250003
Q1 20250002
Q4 20240002

Fund activity · 12 positions · 5 moves

Also mentioned · 9

These funds discuss Uber — as a competitor, benchmark or comparable — without disclosing a position in it.

  • MentionedPender Alternative Arbitrage Plus Fund
    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.”
    Read the letter
    Uber
  • MentionedPender Alternative Absolute Return Fund
    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.”
    Read the letter
    Uber
  • MentionedBeck Mack & Oliver Portfolio
    July 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.””
    Read the letter
    Uber
  • MentionedLHC Capital High Conviction Fund
    June 2026
    “Life360 also announced an integration with Uber that allows families to organise and monitor Uber Family rides through the Life360 app.”
    Read the letter
    Uber
  • MentionedEmerald Focused Equity Strategy
    June 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.”
    Read the letter
    Uber
  • MentionedCDT Capital (CDT)
    June 2026
    “like Uber which burned through its AI budget for all of 2026 in April (Article).”
    Read the letter
    Uber
  • MentionedCDT Capital
    June 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).”
    Read the letter
    Uber
  • MentionedFiduciary Management Funds
    June 2026
    “For example, companies like Uber and Microsoft have reportedly discontinued some of their Claude Code licenses due to unmanageable costs and elusive productivity.”
    Read the letter
    Uber
  • MentionedFiduciary Management FMI Funds
    June 2026
    “For example, companies like Uber and Microsoft have reportedly discontinued some of their Claude Code licenses due to unmanageable costs and elusive productivity.”
    Read the letter
    Uber

Fund coverage · 10 theses

  • Fundsmith Equity Fund
    June 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 Square
    December 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 Growth
    September 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
  • Pershing Square
    June 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
  • Burke Wealth Management
    June 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
  • Brasada
    June 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 Group
    March 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 Square
    March 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
  • Hardman Johnston Global Equity
    December 2024

    Uber is a market-leading platform company benefiting from significant growth opportunities in ride-hailing, food delivery, and freight services across global markets.

    Read the full thesis
  • Platinium AM
    December 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

Read every full thesis on Uber

Unlock all 10 theses — the full reasoning behind what funds are buying, plus unlimited access to the entire archive.

View plans→
Share this ledger