--- title: "Institutional Investors Added Over 70 Million RIVN Shares as AMZN, UBER Remain Key Holders" type: "News" locale: "en" url: "https://longbridge.com/en/news/296332958.md" description: "Institutional investors added over 70 million Rivian shares in Q2 2026, with Amazon and Uber remaining key holders. Uber opened a new position worth $289 million, while D.E. Shaw increased holdings by 141%. Rivian CEO RJ Scaringe highlighted competitive challenges from Chinese automakers. Additionally, Rivian began delivering TM-B e-bikes via its spin-off Also Inc., and the R2 SUV launch is backed by investor Gary Black." datetime: "2026-08-19T09:18:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296332958.md) - [en](https://longbridge.com/en/news/296332958.md) - [zh-HK](https://longbridge.com/zh-HK/news/296332958.md) generator: "portal-rs" --- # Institutional Investors Added Over 70 Million RIVN Shares as AMZN, UBER Remain Key Holders Institutional investors added more than 70 million shares of EV maker **Rivian Automotive Inc.** (NASDAQ:RIVN) in the second quarter of 2026. ## Amazon, Uber in the Mix According to a report by Electric Vehicles on Tuesday, 417 holders raised their positions in the EV maker by a combined 106,424,812 shares, while 318 investors cut back on Rivian by 31,005,657 shares. 85 investors exited their position in the automaker, opening up 4.9 million shares, the report said. **Read Also: North American EV Sales Fall 27% in July as Discounts Shrink, Global Sales Grow 9% Led by Europe** **Uber Technologies Inc.** (NYSE:UBER), which has a $1.25 billion partnership with Rivian to develop and deploy autonomous robotaxis, opened a new position with 19,553,911 shares at just over $289 million. In total, Rivian had 941 institutional holders, including **Amazon.com Inc.** (NASDAQ:AMZN), which held 158,363,834 shares, in a position roughly worth $2.3 billion. Investment firm **D.E. Shaw** purchased 12,203,342 shares, constituting a 141% increase in its Rivian holdings in the second quarter. **BlackRock Inc.** (NYSE:BLK) also raised its position by 2,448,064 shares in the quarter. Notably, German automobile giant **Volkswagen Group** had completed an investment worth $1 billion in the automaker earlier this year. ## Gary Black Backs Rivian Investor **Gary Black** of **The Future Fund LLC** backed Rivian’s R2 Crossover SUV’s launch, saying the SUV would significantly expand the automaker’s Total Addressable Market (TAM) with the standard R2, which Rivian says will start at $45,000. Meanwhile, Rivian CEO **RJ Scaringe**, during the automaker’s second-quarter earnings call, said that Chinese automakers were hard to compete against due to advantages like cost structure and support from the government. ## Rivian Begins E-Bike Deliveries Rivian recently began to reportedly deliver its TM-B e-bikes made by **Also** **Inc.**, which spun out of Rivian following months of delays and frustrated customers. The spin-off had earlier gained a valuation of $1 billion after it raised $200 million through funding from **Greenoaks Capital**. Benzinga Edge Rankings show Rivian provides satisfactory Momentum, but fails to provide a favorable price trend in the Short, Medium and Long term. **Price Action:** Rivian Automotive shares were up 0.54% to $14.86 during pre-market trading on Wednesday. **Read Also: Tesla Burns Through Funds Allocated for Gavin Newsom’s EV Rebate Within Days—California Governor Hails Clean Energy Bet** *Check out more of Benzinga’s Future Of Mobility coverage by* following this link. *Photo courtesy: Thrive Studios ID / Shutterstock.com* ### Related Stocks - [RIVN.US](https://longbridge.com/en/quote/RIVN.US.md) - [UBER.US](https://longbridge.com/en/quote/UBER.US.md) - [RVNL.US](https://longbridge.com/en/quote/RVNL.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [UBEW.US](https://longbridge.com/en/quote/UBEW.US.md) - [UBRL.US](https://longbridge.com/en/quote/UBRL.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [VOW3.DE](https://longbridge.com/en/quote/VOW3.DE.md) - [VOW.DE](https://longbridge.com/en/quote/VOW.DE.md) - [VWAGY.US](https://longbridge.com/en/quote/VWAGY.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.US.md) - [VWAPY.US](https://longbridge.com/en/quote/VWAPY.US.md) ## Related News & Research - [Uber Stock Rises After Major Restructuring](https://longbridge.com/en/news/297805061.md) - [Uber To Reduce Size Of Team By About 10%](https://longbridge.com/en/news/297779308.md) - [Rivian rolls out RivianOS 2, unifying software across R1 and R2](https://longbridge.com/en/news/298058735.md) - [Key facts: Uber Technologies, Inc. €41.50 offer; cuts 3,300 jobs](https://longbridge.com/en/news/297874506.md) - [Uber to exit Nigeria after 12 years of operations](https://longbridge.com/en/news/297805808.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**