John Armitage's Egerton Capital significantly reduced its position in Uber Technologies (UBER) during the second quarter of 2026, selling approximately 2.33 million shares. The sale cut the firm's holding by just over 50%, leaving it with 2.32 million shares valued at $167.4 million as of June 30. This trade decreased Uber's weight in Egerton's disclosed portfolio from 3.71% to 1.62%.
As with all 13F filings, this information is time-delayed, reflecting trades executed between April and June 2026 and made public on July 21. Uber reported its Q2 earnings on August 5, 2026, showing strong growth in gross bookings and free cash flow, though revenue slightly missed analyst expectations. No specific commentary from Egerton Capital regarding the motive for the sale was publicly available.