RiverPark Large Growth Fund: Uber Technologies (UBER) was a Standout Performer During Q2

RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its “RiverPark Large Growth Fund” Q2 2025 investor letter. A copy of the letter can be downloaded here. U.S. equity markets surged in the second quarter, with the S&P 500 Total Return Index rising 10.94% and the Russell 1000 Growth Index returning 17.84%. The fund also surged in the quarter and returned 15.01%. Continued enthusiasm for artificial intelligence, better-than-expected earnings in several large-cap growth sectors, and improving macroeconomic conditions lifted the markets in the quarter. Growth-focused stocks took the lead once more, with the strongest performance coming from sectors like technology, communication services, and certain areas of consumer discretionary. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, RiverPark Large Growth Fund highlighted stocks such as Uber Technologies, Inc. (NYSE:UBER). Uber Technologies, Inc. (NYSE:UBER) develops and operates proprietary technology applications that operate through Mobility, Delivery, and Freight segments. The one-month return of Uber Technologies, Inc. (NYSE:UBER) was -9.28%, and its shares gained 36.32% of their value over the last 52 weeks. On August 4, 2025, Uber Technologies, Inc. (NYSE:UBER) stock closed at $88.43 per share, with a market capitalization of $184.922 billion.

RiverPark Large Growth Fund stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its second quarter 2025 investor letter:

"Uber Technologies, Inc. (NYSE:UBER): UBER was a standout performer during Q2, with the company delivering record results and strong forward guidance. Gross bookings rose 18% year-over-year to $40.2 billion in the first quarter, and adjusted EBITDA1 reached $1.6 billion. Management reiterated second-quarter guidance for bookings of $45.75–47.25 billion and adjusted EBITDA of $2.02 2.12 billion, representing meaningful acceleration across the platform.

Performance was driven by strength in both Mobility and Delivery, with unit economics improving across core geographies. Uber’s investor day in May highlighted its rapidly scaling advertising business, as well as continued investment in logistics and freight. Margin improvement and capital discipline boosted investor confidence in Uber’s ability to compound earnings over time.

We believe Uber is transitioning into a mature platform business with increasing profitability and operating leverage. Its diversified business mix, including high-margin advertising and delivery logistics, offers multiple avenues for growth. With expanding free cash flow and a clear roadmap for capital return, we continue to see long-term upside in Uber’s platform."

Uber Technologies, Inc. (NYSE:UBER) is in 10th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 145 hedge fund portfolios held Uber Technologies, Inc. (NYSE:UBER) at the end of the first quarter, which was 166 in the previous quarter. While we acknowledge the potential of Uber Technologies, Inc. (NYSE:UBER) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Uber Technologies, Inc. (NYSE:UBER) and shared the list of stocks Jim Cramer recently talked about. Aristotle Capital Value Equity Strategy initiated a position in Uber Technologies, Inc. (NYSE:UBER) during Q2 2025. In addition, please check out our hedge fund investor letters Q2 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.