Altimeter Capital Reduces Uber Stake by 6.1%

Uber's largest institutional investor trims position in Q3 2025

Mar. 15, 2026 at 8:21am by Ben Kaplan

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Altimeter Capital Management LP, Uber Technologies' largest institutional investor, decreased its holdings in the ride-sharing company by 6.1% during the third quarter of 2025. Altimeter Capital now owns 5,588,792 shares of Uber, representing 0.27% of the company's outstanding stock and making it Uber's fifth-largest shareholder.

Why it matters

Altimeter Capital's move to reduce its Uber stake, even slightly, is noteworthy given the firm's status as the company's top institutional investor. This could signal potential concerns about Uber's long-term growth prospects or profitability, though the firm still maintains a sizable position in the company.

The details

According to a regulatory filing, Altimeter Capital sold 364,312 Uber shares during the third quarter, bringing its total holdings down to 5,588,792 shares. The firm cited unspecified portfolio rebalancing as the reason for the sale. Altimeter Capital first invested in Uber in 2019 and has remained one of the company's largest backers through its public offering and subsequent stock price fluctuations.

  • Altimeter Capital reduced its Uber stake in Q3 2025.

The players

Altimeter Capital Management LP

A San Francisco-based investment management firm that is Uber's largest institutional investor, owning 0.27% of the company's outstanding shares.

Uber Technologies, Inc.

The American ride-hailing and delivery company headquartered in San Francisco.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Altimeter Capital's decision to trim its Uber stake, even slightly, is a notable development given the firm's status as the company's top institutional investor. This could signal potential concerns about Uber's long-term growth or profitability, though Altimeter remains a major shareholder.