Montaka Global Investments, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter is available to download here. The March quarter was dominated by Iran’s geopolitical conflict, which sharply revised stocks’ valuation multiples. In Q1, the portfolio holdings declined due to valuation changes, but the firm trusts in the stocks’ fundamentals. The letter emphasized three key themes for future investors: AI, Geopolitics, and Market valuations. While the market focuses on war, oil, inflation, and interest rates, the firm seeks opportunities in select businesses with strong advantages and large, growing markets. In this economic backdrop, the firm reaffirms its approach of patient investing in advantaged businesses amid large structural shifts at attractive prices. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Montaka Global Investments highlighted Uber Technologies, Inc. (NYSE:UBER) as a newly added position. Uber Technologies, Inc. (NYSE:UBER) is a multinational technology company that offers ridesharing, food delivery, freight, and other services. On April 22, 2026, Uber Technologies, Inc. (NYSE:UBER) closed at $75.59 per share. One-month return of Uber Technologies, Inc. (NYSE:UBER) was 8.45%, and its shares lost 2.04% over the past 52 weeks. Uber Technologies, Inc. (NYSE:UBER) has a market capitalization of $157.38 billion.
Montaka Global Investments stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q1 2026 investor letter:
“We acquired Uber Technologies, Inc. (NYSE:UBER) on its recent stock price pull-back. Uber’s competitive advantages stem from its large-scale networks and flywheels – between users, drivers, merchants, and advertisers – particularly as they interface with the complex and messy real world. (Similar to the advantages of DoorDash, which we already own.)
And our analysis suggests these advantages will likely thrive in an agentic AI world. Furthermore, recent datapoints suggest the probability of potential disruption from autonomous vehicles is declining, while the probability of the mobility market expanding is increasing.”
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 the list of best large cap stocks to invest in. In addition, please check out our hedge fund investor letters Q1 2026 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.
