Bill Ackman reveals that he’s building over $2 billion in stock in Uber

Bill Ackman of Pershing Square revealed on Friday that he has developed a significant stake Ubersays the stocks are still trading at “large” discounts.

In X’s post, the hedge fund manager said that his fund began purchasing Uber stocks in early January, accumulating 30.3 million shares and 23 based on the current level of stocks of about $75 per share. He said it was worth billions of dollars.

“We believe Uber is one of the most managed and top quality businesses in the world,” Ackman said in a post. “Amazingly, it can still be purchased at a significant discount on its intrinsic value. The preferred combination of this attribute is especially rare for large cap companies.”

Uber stocks surged more than 8% on Friday. After the ride company, shares hit Wednesday, down 7.5% We provided soft guidance and posted revenue errors.

In 2024, stocks rose about 25% in 2025 after a disappointing 2024 when stocks fell 2%.

Pershing Square hedge funds have a centralized portfolio with 10 shareholdings, including new Uber stocks. As of the end of September, the biggest hold for Pershing was Google’s parents. alphabet. Brookfield, Hilton Hotel and Chipotle Mexican Grill It was also his top holdings.

Ackman said Uber’s day investor through a small investment in venture funds and praised CEO Dara Khosrowshahi for his efforts to drive growth.

“I was a long-term customer and an admirer of Uber when Edward Norton showed me the app early on,” Ackman said. “Since he joined the company in 2017, CEO of Dara Khosrowshahi has done an incredible job transforming the company into a highly profitable cash-generating machine.”