Hedge fund mogul Ackman significantly increased his stake in Uber, with a holding value of $2.3 billion, calling it "high quality and low price."
On Friday, renowned hedge fund manager Bill Ackman revealed that his fund, Pershing Square, has built a position of 30.3 million shares of Uber stock since January, with a market value of $2.3 billion. He believes that Uber is well-managed and that its stock price is still significantly below its intrinsic value, which is extremely rare among large-cap stocks. Ackman praised Uber CEO for transforming the company into a highly profitable, high cash flow enterprise. Following this news, Uber's stock price rose more than 9% at one point on Friday. Since 2025, the stock price has rebounded approximately 25%
Famous hedge fund manager Ackman's remarks boost Uber's stock price by over 9%.
Bill Ackman revealed on social media platform X on Friday that since early January this year, his fund Pershing Square Capital Management has been aggressively building a position in Uber, currently holding 30.3 million shares, with a market value of $2.3 billion based on the current price of about $75 per share.
In his post, Ackman stated, "We believe that Uber is one of the best-managed and highest-quality companies in the world. It is surprising that its stock price is still significantly below its intrinsic value. This combination of high-quality attributes is extremely rare among large-cap stocks."
Ackman disclosed that he was fortunate to become one of Uber's early investors through a venture capital fund. He recalled, "I have been a long-time customer and admirer of Uber, and it was actor Edward Norton who first showed me the app when Uber was just starting out."
He also praised Uber CEO Dara Khosrowshahi's leadership: "Although Uber is a great company, it has faced setbacks due to unstable management. Since Dara Khosrowshahi took over as CEO in 2017, he has excellently transformed the company into a high-profit, high-cash-flow growth enterprise."
As a result of this news, Uber's stock price surged over 9% on Friday, down 2% for the entire year of 2024, while it has rebounded about 25% in 2025. Notably, just two days prior, Uber's stock price had dropped 7.5% due to the company's Q1 order guidance falling short of analysts' expectations.
It is understood that Pershing Square's hedge fund investment portfolio is relatively concentrated, holding only 10 stocks, including Uber. As of the end of September 2024, the fund's largest holding is Alphabet (Google's parent company). Other major holdings include Brookfield, Hilton Hotels, and Chipotle Mexican Grill