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7G Capital’s $168M Value Fund Boosts Its Uber Stake Nearly Tenfold and Exits PayPal

The Market Context in 60 Seconds
  1. 01 Charles Jigarjian's 7G Capital Management, a $168M New York fund he founded in 2011 to run a concentrated value strategy, filed its Q1 2026 13F-HR (the quarterly holdings report big investors must file) showing just 11 holdings as of March 31.
  2. 02 The portfolio grew from $160.8M in December to $168.2M, up 5%, while the name count held at 11.
  3. 03 Five stakes hold about 84% of the portfolio: Alphabet at $47M, Taiwan Semiconductor at $37M, Apple at $25M, Berkshire Hathaway at $22M, and Uber at $9M after a near-tenfold build.
  4. 04 The quarter ran one playbook. Keep the Alphabet, Taiwan Semiconductor, Apple, and Berkshire core untouched, sell the payments names (PayPal and Shift4 gone), and recycle the cash into Uber, MercadoLibre, insurer Progressive, and Crocs.
  5. 05 The Q2 2026 13F is due by August 14. It will show whether the 125,000-share Uber build keeps growing and whether Applied Materials follows PayPal out of the portfolio.
View SEC Filing →

How 7G Capital Moved Last Quarter

Money In

5 positions

Uber
Ride-hailing and delivery platform
$9.0M
nearly 10x (+862%)
Progressive
Auto and home insurer
$7.9M
new buy
MercadoLibre
Latin America’s biggest online marketplace
$7.2M
built from 500 shares
Crocs
Maker of foam clogs and sandals
$3.4M
new buy
Invesco QQQ Trust (Puts)
An option that pays if the Nasdaq-100 falls
$0.4M
new buy

Money Out

3 exits + 1 cut

Full Exits
PayPal
Online payments network
$5.5M
exited
Shift4 Payments
Payment processing for restaurants and hotels
$4.4M
exited
Molina Healthcare
Government-sponsored health insurance plans
$1.7M
exited
Major Cuts
Applied Materials
Makes the machines that make chips
-70%
$2.1M remains

Still The Biggest

Top 5, ~84% of portfolio

Alphabet
Google’s parent company
$47M
Taiwan Semiconductor
Makes chips for Apple and Nvidia
$37M
Apple
The iPhone maker
$25M
Berkshire Hathaway
Warren Buffett’s holding company
$22M
Uber
Ride-hailing and delivery platform
$9.0M
added 862%

What to watch

1. The fund’s Q2 2026 13F is due by August 14, 2026. It will show whether the Uber stake, built from 13,000 shares to 125,000 in one quarter, was a one-time rebuild or a holding Charles Jigarjian keeps adding to.

2. Applied Materials fell from 20,000 shares to 6,000 while PayPal, Shift4, and Molina Healthcare left the portfolio entirely. The next filing will show whether the chip-equipment maker follows them out.

3. The new 200-contract put on the Invesco QQQ fund (an option that gains if the Nasdaq-100 falls) sits beside an otherwise fully long portfolio. The Q2 filing will show whether that hedge grows or expires quietly.

Verified as of June 11, 2026.

Sources