Uber Technologies (UBER) was the Worst Performer: NewBridge Large Cap Growth Equity

1 week ago 14

Soumya Eswaran

Tue, January 27, 2026 astatine 7:22 AM CST 4 min read

NewBridge Asset Management, an concern absorption company, precocious released its Q4 2025 missive for “NewBridge Large Cap Growth Equity Strategy”. A transcript of the missive tin beryllium downloaded here. Equity markets continued their upward momentum successful the 4th quarter, driven by resilient economical maturation and coagulated firm returns. In the 4th quarter, large-cap maturation outperformed, portion successful the 3rd quarter, small-cap and worth equities exceeded the maturation strategy. The NewBridge Large Cap Growth Strategy generated a affirmative instrumentality successful the quarter, but lagged down the benchmark, the Russell 1000® Growth Index. Most portfolio companies exceeded quarterly expectations, but a fewer faced declines. The biggest situation was the contrasting returns betwixt Uber Technologies, Inc., held successful important amounts, and Tesla, Inc., which was not owned by the portfolio. The marketplace situation was mostly favorable for the portfolio successful the 4th quarter. The steadfast remains assured successful its industry-leading companies, which are poised to present charismatic fiscal results contempt imaginable marketplace volatility. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2025.

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In its fourth-quarter 2025 capitalist letter, NewBridge Large Cap Growth Equity Strategy highlighted Uber Technologies, Inc. (NYSE:UBER). Uber Technologies, Inc. (NYSE:UBER) is simply a multinational exertion institution that operates done mobility, delivery, and freight segments. Uber Technologies, Inc. (NYSE:UBER) shares traded betwixt $60.63 and $101.99 implicit the past 52 weeks. On January 26, 2026, Uber Technologies, Inc. (NYSE:UBER) banal closed astatine $81.98 per share. One-month instrumentality of Uber Technologies, Inc. (NYSE:UBER) was 0.59%, and its shares mislaid 14.98% of their worth implicit the past 3 months. Uber Technologies, Inc. (NYSE:UBER) has a marketplace capitalization of $170.963 billion.

NewBridge Large Cap Growth Equity Strategy stated the pursuing regarding Uber Technologies, Inc. (NYSE:UBER) successful its 4th fourth 2025 capitalist letter:

"The portfolio’s biggest situation during the 4th was the opposition successful the returns from Uber Technologies, Inc. (NYSE:UBER) and Tesla, Inc. The portfolio held a important presumption successful Uber, portion it did not ain Tesla. Uber was down astir 19% during the quarter, portion Tesla was up implicit 60% implicit the aforesaid period. As each institution vies for aboriginal autonomous conveyance ridesharing revenue, the astir 80% quarterly dispersed successful banal returns seemed overdone fixed the clip it volition instrumentality Tesla to get to scale. Uber Technologies, Inc. was the worst performer. As outlined above, Uber has been stuck connected the incorrect broadside of the “Trump trade” that has favored Tesla. Uber treaded h2o successful November, arsenic perceived contention from Tesla’s full-self-driving efforts whitethorn crimp Uber implicit time. Unfortunately, this content continued successful December and was exacerbated by Waymo’s (Uber’s autonomous conveyance [AV] spouse successful Phoenix and Austin) determination to not spouse with Uber successful Miami successful 2026. We judge that Uber volition person a spot astatine the AV table, arsenic its web level is the world’s largest. In the meantime, it is hard to beryllium oregon disprove however palmy imaginable competitors volition be. For example, clip is the cardinal here, arsenic Tesla’s quality to get to standard volition apt instrumentality years. We judge that fundamentals astatine Uber stay attractive, but it has been warring a perceived vantage that Tesla whitethorn oregon whitethorn not clasp successful the coming years."