New Equity Holdings
Perryman Financial Adds Millions in Vanguard ETFs and Initiates Uber Technologies Position
Key Points
On Uber, the filing details that institutional investors hedge funds and other institutions own 80.24% of the company’s stock, and it lists other investors’ recent changes including Brighton Jones LLC (up 3.4%, to 74,460 shares) and Revolve Wealth Partners LLC (up 65.0%, to 15,563 shares).
The Uber-related coverage also spells out specific investor worries: concerns that self-driving competitors could eventually erode Uber’s core ride-hailing market as Waymo expands and tests new revenue models, and skepticism around a possible Delivery Hero acquisition bid due to fears about integration risk and potential asset-related complications.
For VTV, the article explains the ETF’s underlying benchmark and strategy: it is an exchange-traded share class of Vanguard Value Index Fund using passive/indexing management designed to track the MSCI US Prime Market Value Index, which represents value companies within the MSCI US Prime Market 750 Index (predominantly large U.S. companies).
For VFMF, Perryman’s filing is accompanied by an ownership figure: the article states Perryman owned 0.31% of Vanguard US Multifactor ETF at the end of the most recent quarter.
For SPGP, the article adds product context beyond the purchase size: it says SPGP tracks an S&P 500 GARP index selecting stocks by growth, quality, and value traits, weighted by growth—and notes SPGP was launched on Jun 16, 2011 and is managed by Invesco.
Perryman Financial Advisory Inc. AD made a $4.56 million bet on the Vanguard Value ETF (VTV) in the fourth quarter, buying 23,898 shares of the fund, according to Watchlist News. The Texas-based firm also opened new positions in three other ETFs and took a fresh $695,000 stake in Uber Technologies — part of a broader shift toward value and quality-focused investing.
The filings, disclosed with the SEC, show Perryman spreading money across value, growth, and multifactor strategies. At the same time, other institutional investors are wrestling with two big questions about Uber: can it survive the rise of self-driving cars, and is its $11.6 billion bid for Delivery Hero a smart deal or a costly mistake?
Perryman's Four ETF Buys Span Value to Growth
The firm's biggest ETF purchase was the $4.56 million VTV stake. VTV is an exchange-traded share class of Vanguard Value Index Fund. It uses passive management to track the MSCI US Prime Market Value Index — an index of large U.S. companies judged to be underpriced relative to their fundamentals, according to Watchlist News.
Perryman also bought 28,988 shares of the Invesco S&P 500 GARP ETF (SPGP) for roughly $3.3 million, per Ticker Report. GARP stands for "Growth at a Reasonable Price" — a strategy that picks stocks with strong earnings growth but not sky-high valuations. SPGP launched on June 16, 2011, and is managed by Invesco. Rounding out the ETF activity, Perryman added 8,302 shares of the Vanguard US Multifactor ETF (VFMF) for $1.25 million — equal to 0.31% of that fund — and 5,690 shares of the SPDR Portfolio S&P 500 Growth ETF (SPYG) for about $607,000.
Perryman Enters Uber at $695,000 Amid Rival Deals
Perryman picked up 8,502 shares of Uber Technologies for roughly $695,000, joining a wave of institutional buying. Institutions and hedge funds now own 80.24% of Uber's stock. Brighton Jones LLC raised its Uber stake by 3.4%, bringing its total to 74,460 shares. Revolve Wealth Partners LLC went further — up 65.0%, to 15,563 shares — signaling broad "buy the dip" sentiment among money managers.
The timing of these purchases is notable. Uber officially submitted a takeover proposal for Delivery Hero — Europe's largest food delivery company — valued at roughly $11.6 billion, or €33 per share. Investors worry the deal carries heavy integration risk. Analysts at Investing.com flagged concerns about whether Uber can unlock projected synergies while managing what they called Delivery Hero's "structurally vulnerable" regional units.
Waymo's $29.99 Subscription Sharpens the AV Threat
The other cloud over Uber is Waymo. Alphabet's self-driving car unit launched "Waymo Premier," a $29.99-per-month subscription service in San Francisco, Los Angeles, and Phoenix — directly targeting Uber's own Uber One membership model. Waymo has logged over 127 million rider-only miles and reports 90% fewer serious injury crashes than human drivers, according to research cited by Gizmodo.
Some analysts remain bullish on Uber despite the threat. Tigress Financial maintained a "Buy" rating on Uber and raised its price target to $115, arguing that Uber's 40 million daily trips give it a "global user intent" data advantage that AV companies will eventually need to partner with. But skeptics counter that Uber's own $10 billion commitment to building an autonomous fleet proves its current driver-based model has a shelf life.
Delivery Hero Deal Faces Regulatory and Regional Pushback
To clear regulators, Uber is already reaching out to potential buyers for Delivery Hero's regional assets in Latin America and Asia, per reports from Investing.com. The move signals Uber knows a full acquisition will face scrutiny. If the deal closes as-is, Uber could control nearly 37% of the global delivery market — a position that would give it pricing power but also attract antitrust attention.
Meanwhile, local resistance is emerging. South Korean reports indicate that Delivery Hero is pressing ahead with the sale of its Korean unit Baemin — also known as Woowa Brothers — even as Uber circles the parent company. That kind of regional friction adds another layer of risk to a deal that investors are already eyeing with caution. For firms like Perryman, the modest $695,000 Uber entry — compared to $4.56 million in VTV — suggests a cautious toe in the water, not a full plunge.
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