RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its “RiverPark Large Growth Fund” Q4 2025 investor letter. A copy of the letter can be downloaded here. The US stock market delivered modest gains in the quarter with the S&P 500 index (“S&P”) and the Russell 1000 Growth index (“RLG”) returning 2.6% and 1.1%, respectively. The Fund appreciated by 1.4% during the same period. For the full year, the Fund was up 13.3% vs. 17.4% and 18.6% gains, respectively, for the indexes. The performance in the Russell 1000 Growth Index was uneven. Market leadership remains concentrated, but underlying divergence has deepened. Investors preferred companies with durable earnings and progress in monetizing growth, especially in health care and parts of the AI value chain. The Fund is optimistic that its portfolio consists of attractively valued companies benefiting from strong growth trends and expected to generate significant cash flow. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, RiverPark Large Growth Fund highlighted stocks like 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 March 26, 2026, Uber Technologies, Inc. (NYSE:UBER) stock closed at $70.55 per share. One-month return of Uber Technologies, Inc. (NYSE:UBER) was -6.46%, and its shares lost 3.02% over the past 52 weeks. Uber Technologies, Inc. (NYSE:UBER) has a market capitalization of $145.2 billion.
RiverPark Large Growth Fund stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its fourth quarter 2025 investor letter:
“Uber Technologies, Inc. (NYSE:UBER): UBER was a detractor in the fourth quarter following its third-quarter 2025 earnings report, which delivered strong operating performance but was met with a muted market reaction. Gross Bookings and adjusted EBITDA both came in near the high end of management’s guidance, driven by accelerating demand across both Mobility and Delivery. Total trips grew 22% year-over-year, the fastest pace since 2023, supported by record Monthly Active Platform Consumers of 189 million, up 17% year-over-year, and continued gains in trip frequency. Mobility and Delivery bookings growth both accelerated, aided by affordability initiatives, expansion in lower-density geographies, and continued momentum in Uber One, which now accounts for roughly two-thirds of Delivery Gross Bookings. Management’s fourth quarter Gross Bookings outlook was ahead of consensus expectations, signaling continued operating momentum.
However, investor focus shifted to commentary around reduced margin expansion as the company steps up investment in growth initiatives, including autonomous vehicle partnerships, platform innovation, and commerce expansion, which weighed on near-term sentiment despite strong results. In addition, sentiment was also pressured by the apparent success of Tesla’s robotaxi testing program in Austin, Texas, which reignited concerns that autonomous vehicle adoption could eventually disrupt Uber’s core ride-hailing economics by reducing driver-related costs and introducing new, vertically integrated competitors.
We continue to view Uber as a leading global platform benefiting from secular shifts toward on demand transportation, delivery, and local commerce. We believe the robotaxi ecosystem will ultimately include multiple players, and Uber is well positioned to offer many, if not all, of these autonomous mobility options alongside human-driven rides on its platform. As robotaxi adoption expands, we expect the total addressable market for on-demand transportation to grow meaningfully, supporting long-term volume and revenue growth. With improving unit economics, a growing advertising business, and strong cash flow generation, Uber remains well positioned.”
Uber Technologies, Inc. (NYSE:UBER) ranks 12th on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 147 hedge fund portfolios held Uber Technologies, Inc. (NYSE:UBER) at the end of the fourth quarter, up from 143 in the previous quarter. While we acknowledge the risk and potential of Uber Technologies, Inc. (NYSE:UBER) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Uber Technologies, Inc. (NYSE:UBER) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Uber Technologies, Inc. (NYSE:UBER) and shared a list of best forever stocks to buy. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
