In Q2 2025, Sands Capital’s Select Growth Strategy saw U.S. large-cap growth equities rebound, returning 27.7%. The strong performance was driven by muted inflation, corporate earnings, and optimism around AI and global trade. The portfolio outperformed the Russell 1000 Growth Index by 9.9 percentage points.

Uber Technologies, Inc. (UBER) was highlighted in Sands Capital’s Q2 2025 letter. The stock saw a one-month return of 3.70% and a 52-week gain of 35.82%. On September 15, 2025, UBER closed at $98.85 per share, with a market cap of $206.144 billion.

Sands Capital sold its Uber Technologies, Inc. (UBER) holding after over five years. The investment made in February 2020 saw strong growth as Uber navigated pandemic challenges and expanded profitability in its mobility and delivery segments.

Uber Technologies, Inc. (UBER) ranks 10th among the 30 most popular stocks among hedge funds. 152 hedge fund portfolios held UBER at the end of Q2 2025, up from 145 in the previous quarter. While UBER has potential, some AI stocks may offer greater upside with less downside risk.

Read more at Yahoo Finance: Sands Capital Select Growth Strategy Sold Uber Technologies (UBER) due to Heightened Uncertainty