In a recent 13F filing, Dorsey Asset Management, led by renowned investor Pat Dorsey, revealed a significant increase in its stake in Uber Technologies. The firm boosted its holding by 61.6%, bringing its total to 1.76 million shares. As a result of the purchase, the reported value of the position grew to $127.14 million, making up 8.14% of the firm's disclosed portfolio.
This transaction occurred during the second quarter ending June 30, 2026, and was disclosed to the public on August 14th, as is standard for quarterly 13F filings which are released with a delay. Dorsey is well-known for his investment philosophy centered on identifying companies with strong, durable competitive advantages, often referred to as "economic moats". This substantial addition reflects a heightened conviction in the ride-sharing and delivery company.