Core Insights - Polen Capital's "Polen Focus Growth Strategy" reported a 3.34% gross return and 3.14% net return in Q3 2025, underperforming compared to the Russell 1000 Growth Index (10.51%) and the S&P 500 Index (8.12%) [1] - The equity market's strong performance was attributed to enthusiasm for generative AI, strength in the semiconductor sector, positive economic surprises, fiscal policy optimism, and better-than-expected corporate earnings [1] Company Analysis: Uber Technologies, Inc. - Uber Technologies, Inc. (NYSE: UBER) experienced a one-month return of -3.83% but a 52-week gain of 13.08%, with a market capitalization of $196.196 billion as of October 13, 2025 [2] - Polen Capital initiated a new position in Uber, citing its scale, network effects, growth opportunities, and market position as compelling investment factors, anticipating nearly $200 billion in booking transactions for 2025 [3] - Over the past three years, Uber has compounded revenues at 36%, EBITDA at 69%, and improved free cash flow margins from negative to mid-teens, with expected earnings growth of approximately 20% per annum over the next five years [3] Market Position and Hedge Fund Interest - Uber is ranked 10th among the 30 most popular stocks among hedge funds, with 152 hedge fund portfolios holding its shares at the end of Q2 2025, an increase from 145 in the previous quarter [4] - Despite recognizing Uber's potential, some analysts suggest that certain AI stocks may offer greater upside potential and less downside risk [4]

Group 1 - Sands Capital Select Growth Strategy reported a strong recovery in U.S. large-cap growth equities during Q2 2025, with a portfolio return of 27.7%, outperforming the Russell 1000 Growth Index's 17.8% gain [1] - The performance was attributed to muted inflation, strong corporate earnings, and improving sentiment around artificial intelligence and global trade [1] - Uber Technologies, Inc. (NYSE:UBER) was highlighted as a significant stock, achieving a one-month return of 3.70% and a 52-week gain of 35.82%, with a market capitalization of $206.144 billion as of September 15, 2025 [2] Group 2 - Sands Capital sold its stake in Uber Technologies, Inc. after more than five years, having initiated the investment in February 2020, during which Uber grew bookings by over 150% despite pandemic challenges [3] - The investment thesis for Uber was validated as profitability expanded across its mobility and delivery segments [3] - Uber Technologies, Inc. ranked 10th among the 30 Most Popular Stocks Among Hedge Funds, with 152 hedge fund portfolios holding its stock at the end of Q2, up from 145 in the previous quarter [4]