In a Form 13F filing dated August 4, 2026, Polen Capital Management disclosed a significant reduction in its holdings of Uber Technologies (UBER). The filing, which reflects positions held as of June 30, 2026, revealed that the investment manager sold over 2.3 million shares, decreasing its stake by more than 80% to approximately 570,000 shares. This trade reduced the reported value of Polen's Uber position from $209.89 million to $41.14 million.
As with all 13F filings, this disclosure represents a snapshot of the portfolio at the end of the second quarter and does not reflect trading activity in the current period. The sale occurred during a quarter where Uber reported a 22% increase in gross bookings and surpassed $10 billion in trailing twelve-month free cash flow, although its revenue slightly missed analyst expectations, causing a brief stock decline. Polen Capital has not publicly commented on the specific reasons for this substantial trade.