Funding advisory agency Ithaka Group launched the “Ithaka US Progress Technique” first-quarter 2025 investor letter. A duplicate of the letter will be downloaded right here. Following two years of positive aspects exceeding 25%, the markets welcomed the brand new yr with appreciable volatility and a pointy decline. Within the first quarter, Ithaka’s portfolio underperformed the R1000G by 30 foundation factors, recording -10.3% to -10.0% (gross of charges) amid a damaging market surroundings. As well as, please test the fund’s prime 5 holdings to know its finest picks in 2025.
In its first-quarter 2025 investor letter, Ithaka US Progress Technique highlighted shares resembling Uber Applied sciences, Inc. (NYSE:UBER). Uber Applied sciences, Inc. (NYSE:UBER) develops and operates proprietary know-how purposes that function by Mobility, Supply, and Freight segments. The one-month return of Uber Applied sciences, Inc. (NYSE:UBER) was 7.32%, and its shares gained 18.20% of their worth during the last 52 weeks. On April 28, 2025, Uber Applied sciences, Inc. (NYSE:UBER) inventory closed at $78.33 per share with a market capitalization of $163.808 billion.
Ithaka US Progress Technique acknowledged the next relating to Uber Applied sciences, Inc. (NYSE:UBER) in its Q1 2025 investor letter:
“Uber Applied sciences, Inc. (NYSE:UBER) employs a marketplace-based know-how platform used to match drivers and their autos with people, merchandise, and packages shifting from level A to level B. The corporate presents its ~6M impartial contractors (drivers) entry to its 170M month-to-month lively customers (riders), offering each events real-time entry to logistics companies. Uber’s enterprise consists of three segments: Mobility, Supply, and Freight. These companies mixed for ~$160B in annual bookings throughout 11.3B journeys in 2024. In the course of the firm’s fourth quarter earnings announcement CEO Dara Khosrowshahi laid out his imaginative and prescient why Uber will play an essential position sooner or later the place vehicles are largely autonomous. This written piece helped take away an overhang on the inventory and obtained buyers snug with Uber’s future prospects. Moreover, the inventory was helped by the announcement that famend investor Invoice Ackman had taken a place within the firm as a prime 15 shareholder.”
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Uber Applied sciences, Inc. (NYSE:UBER) is in tenth place on our listing of 30 Most Well-liked Shares Amongst Hedge Funds. As per our database, 166 hedge fund portfolios held Uber Applied sciences, Inc. (NYSE:UBER) on the finish of the fourth quarter in comparison with 136 within the third quarter. Whereas we acknowledge the potential of Uber Applied sciences, Inc. (NYSE:UBER) as an funding, our conviction lies within the perception that AI shares maintain better promise for delivering increased returns, and doing so inside a shorter timeframe. If you’re in search of an AI inventory that’s as promising as NVIDIA however that trades at lower than 5 occasions its earnings, take a look at our report concerning the least expensive AI inventory.
