Smart Money Is Buying Uber Technologies Inc. (UBER)

According to the most recent reported 13F filings, institutional investors showed constructive buying interest in Uber Technologies Inc. (UBER), with activity led by major hedge funds, quantitative managers, and long-term fundamental investors.

The accumulation suggests growing confidence in Uber’s ability to continue benefiting from scale advantages across mobility, delivery, advertising, and logistics, while improving profitability and free cash flow generation. Below are the most notable buyers from the latest reported quarter:

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APPALOOSA LP (David Tepper)
Shares: 6,332,720   Change: +4,482,720   Value: $0.46B

David Tepper’s Appaloosa led buying activity with a major increase in its Uber position. The aggressive addition suggests growing conviction in Uber’s operating leverage, expanding margins, and ability to convert its dominant platform position into sustained earnings growth.

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AQR CAPITAL MANAGEMENT LLC (Cliff Asness)
Shares: 5,944,854   Change: +2,713,342   Value: $0.42B

AQR also added meaningfully to its already large position. The increase likely reflects attractive quantitative signals around momentum, profitability improvement, valuation, and earnings quality as Uber continues to mature into a more cash-generative business.

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GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC (Jeremy Grantham)
Shares: 7,376,626   Change: +1,547,493   Value: $0.53B

Jeremy Grantham’s GMO significantly expanded its Uber stake, making it one of the largest buyers in the latest quarter. The addition suggests confidence that Uber’s global marketplace, pricing power, and expanding profitability remain underappreciated by the market.

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GOTHAM ASSET MANAGEMENT, LLC (Joel Greenblatt)
Shares: 453,402   Change: +204,919   Value: $0.03B

Joel Greenblatt’s Gotham Asset Management also increased its exposure. The purchase fits Gotham’s value-oriented quantitative framework, particularly as Uber’s earnings profile continues improving and the company generates stronger free cash flow.

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GARDNER RUSSO & QUINN LLC (Tom Russo)
Shares: 5,173,404   Change: +28,344   Value: $0.37B

Tom Russo’s Gardner Russo & Quinn modestly added to an already sizable position. The continued ownership suggests long-term confidence in Uber’s brand strength, network effects, and global growth runway.

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POINT72 ASSET MANAGEMENT, L.P. (Steve Cohen)
Shares: 103,850   New Position   Value: $0.01B

Steve Cohen’s Point72 initiated a new position in Uber during the quarter, signaling fresh institutional interest in the company’s improving financial profile and potential upside from continued margin expansion.

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Overall Takeaway

Collectively, the latest filings show broad buying interest in Uber led by Appaloosa, AQR, GMO, and Gotham, with additional support from long-term investors and new institutional entrants.

The pattern suggests investors are increasingly viewing Uber not simply as a high-growth platform business, but as a maturing cash-flow compounder with strong network effects, improving profitability, and multiple long-term growth levers across mobility, delivery, advertising, and logistics.