Here’s Why the Strategy Exited Uber Technologies (UBER) Soumya Eswaran Fri, October 16, 2026 at 9:37 AM EDT 3 min read UBER +0.65% NVDA -0.48% ZS -2.52% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Emerald Wealth Partners, an independent asset and wealth management firm based in Zurich, released its Q3 2026 investor letter for the "Growth Equity Strategy". The letter can be downloaded here. In Q3 2026, market performance was defined by pronounced sector rotations, as a rebound in software equities contrasted with a sharp correction in semiconductors, particularly memory. The portfolio outperformed growth benchmarks, driven mainly by software holdings; semiconductor holdings, by contrast, weighed on returns. Strategic profit-taking in outperformers enabled reinvestment into attractive, high-conviction opportunities like Nvidia and Zscaler. Despite rising financing costs and uncertainties in the AI sector, critical indicators highlight robust technology adoption and productivity gains. The challenge for growth investors is to navigate investments in AI cautiously while anticipating its transformative potential. While macro headwinds and AI financing uncertainties persist, underlying tech adoption and productivity gains remain robust, favoring a disciplined investment approach anchored in clear AI roadmaps and sound risk management. Also, check the strategy's top five holdings to see its best picks in 2026.
In its Q3 2026 investor letter, Emerald Wealth Partners Growth Equity Strategy noted that it exited its holdings in Uber Technologies, Inc. (NYSE:UBER). Uber Technologies, Inc. (NYSE:UBER) is a multinational technology company that offers ridesharing, food delivery, freight, and other services. On October 15, 2026, Uber Technologies, Inc. (NYSE:UBER) closed at $71.27 per share, reflecting a market capitalization of $145.57 billion. Over the past month, Uber Technologies, Inc. (NYSE:UBER) returned 1.09%, while its shares lost 22.78% over the past 52 weeks.
Emerald Wealth Partners Growth Equity Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q3 2026 investor letter:
"Finally, we exited our position in Uber Technologies, Inc. (NYSE:UBER), as we became increasingly concerned about the potential impact of robotaxis on its business model, as well as Waymo's decision to discontinue certain cooperation agreements with Uber."
Uber Technologies, Inc. (NYSE:UBER) ranks 12 on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 151 hedge fund portfolios held Uber Technologies, Inc. (NYSE:UBER) at the end of the second quarter, down from 153 in the previous quarter. While we acknowledge the potential of Uber Technologies, Inc. (NYSE:UBER) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In a previous article, we analyzed Uber Technologies, Inc. (NYSE:UBER) and noted that it was part of Donald Trump and Nancy Pelosi's portfolios. In addition, please check out our hedge fund investor letters Q3 2026 page for more investor letters from hedge funds and other leading investors.
This article is originally published at Insider Monkey.
