Onex Canada Asset Management Trims Uber Stake

Institutional investor reduces position in ride-sharing company by 5.7%

Mar. 14, 2026 at 9:54am by Ben Kaplan

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Onex Canada Asset Management Inc. has reduced its stake in Uber Technologies, Inc. by 5.7% in the third quarter, according to a recent SEC filing. The firm now owns 324,318 shares of the ride-sharing company's stock, valued at $31.7 million at the end of the reporting period.

Why it matters

Uber's stock performance and ownership changes by major institutional investors provide insight into market sentiment and confidence in the company's long-term prospects as it continues to navigate the evolving ride-hailing and delivery landscape.

The details

According to the filing, Onex Canada Asset Management sold 19,670 Uber shares during the quarter, reducing its position to 324,318 shares. The firm's Uber holdings now make up about 4% of its overall portfolio, making it the 6th largest position. Several other large investors have also adjusted their Uber stakes in recent quarters.

  • Onex Canada Asset Management filed its Q3 2026 report with the SEC.

The players

Onex Canada Asset Management Inc.

An institutional investment firm that manages a portfolio of public and private equity investments.

Uber Technologies, Inc.

A technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers.

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The takeaway

Uber's stock ownership changes by major investors reflect the ongoing challenges and evolution of the ride-hailing industry, as companies like Uber navigate regulatory hurdles, competitive pressures, and shifting consumer preferences.