Bill Ackman reveals he has built a share of more than $ 2 billion in Uber

Pershing Square’s Bill Ackman revealed Friday that he has built a significant share in UberAnd says the stock is still dealing with a “massive” discount.

In a post on X, the Hedge Fund -Manager said his fund began buying Uber shares in early January and has collected 30.3 million shares worth $ 2.3 billion based on the current level of the stock around $ 75 per Stock.

“We think Uber is one of the best -controlled and highest quality companies in the world,” Ackman said in the post. “Remarkably, it can still be purchased with a massive discount on its inherent value. This favorable combination of attributes is extremely rare, especially for a large cap company.”

Uber shares rose more than 8% on Friday. The share had taken a hit on Wednesday and fell 7.5%after the Ride-Hailing company offered soft guidance and issued a profit miss.

The share has collected approx. 25% in 2025 after a disappointing 2024, with the shares dipped 2%.

Pershing Square’s Hedge Fund has a concentrated portfolio with 10 shareholdings including the new Uber effort. From the end of September was Pershing’s largest stock Google’s parent Alphabet. BrookfieldAt Hilton Hotels and Chipotle Mexican grill were also his top holdings.

Ackman said he was one day an investor in Uber through a small investment in a venture fund, and he praised CEO Dara Khosrowshahi’s efforts to create growth.

“I’ve been a long -term customer and admirer of Uber who began when Edward Norton showed me the app in his early days,” Ackman said. “Since joining the company in 2017, Dara Khosrowshahi CEO has done an excellent job of transforming the company into a very profitable and cash generative growth machine.”