Uber’s IPO was the biggest of 2019. Here are the 19 firms that have bought the most shares since.

Associated Press

Uber’s highly-anticipated initial public offering in May still reigns as the largest IPO of 2019.
Uber’s IPO was talked about for years, and public-market investors were excited by the prospect of buying into the ride-hailing company.
Now that Uber’s been public for more three months, hedge funds and asset managers have started piling into the company’s stock.
Here are the 19 firms that have bought the most shares since Uber went public in May.
Visit the Markets Insider homepage for more stories.

Uber still holds the crown for the largest initial public offering of 2019, and ever since the ride-hailing company went public in May, hedge funds and asset managers have been snapping up the stock.

Hedge funds and other institutional investors are required to disclose investments in public companies four times a year, at the end of each quarter. Uber’s IPO took place in May, and many of those disclosures for the second quarter were released on Thursday and include positions in public companies as of June 30.

Despite the support from institutional investors, Uber’s stock price has fallen more than 20% since its IPO. Some investors and analysts have expressed concerns about Uber’s path to profitability, and the company’s stock price dropped to an all-time low last week after the company reported a $5 billion loss in the second quarter.

Here are the 19 firms that have purchased the most shares of Uber since the company went public, ranked in increasing order of shares purchased: