Thiel Macro, LLC
Fund · 13F holdings

Thiel Macro, LLC

Peter Thiel · Los Angeles, CA · Founded 2011

SEC EDGAR ↗ Latest 13F on EDGAR ↗

Thiel Macro is the investment vehicle of Peter Thiel, the PayPal co-founder and early Facebook investor. Separate from his venture work at Founders Fund, Thiel Macro runs a small, concentrated public book that files quarterly 13Fs.

The portfolio is highly concentrated and idiosyncratic — often a handful of large positions reflecting Thiel's macro and technology views — and is modest in size next to the large institutional managers here.

How to read these tables. A Form 13F reports each holding's market value as of the quarter-end date and the share count — not the price the fund paid, when it bought, or any short positions. Buys and sells are inferred by comparing share counts across quarters. Put/call lines are options (often hedges), and their value is notional rather than a straight equity stake. Figures are the fund's US-listed 13(f) holdings only; private positions appear when the manager reports them.
Background

History

2011
Thiel Macro formed

Peter Thiel establishes the entity to manage a concentrated public-markets book alongside his venture investments.

2020s
Concentrated tech/macro bets

The 13F typically shows a small number of large, high-conviction positions.

2020s
Separate from Founders Fund

Thiel's venture activity runs through Founders Fund; Thiel Macro is the public-markets sleeve.

Latest filing

Q2 2026 holdings

Period end
2026-06-30
Filed
2026-08-14
Portfolio value
$418.7M
Positions
8
We track
1
# Company Class Value Shares % Port. vs prior
1 AMZNAmazon.com, Inc.★ COM $118.0M 495K 28.2% NEW
2 Vista Energy S.A.B. De C.V. SPONSORED ADS $75.9M 1.2M 18.1% NEW
3 Vistra Corp COM $59.1M 373K 14.1% NEW
4 American Elec Pwr Co Inc COM $42.2M 309K 10.1% NEW
5 Dte Energy Co COM $40.3M 264K 9.6% NEW
6 Firstenergy Corp COM $39.9M 839K 9.5% NEW
7 Cms Energy Corp COM $39.6M 517K 9.4% NEW
8 X-energy Inc COM CL A $3.7M 200K 0.9% NEW
Movement

Notable Q2 2026 moves

New positions

  • AMZN Amazon.com, Inc. $118.0M
  • Vista Energy S.A.B. De C.V. $75.9M
  • Vistra Corp $59.1M
  • American Elec Pwr Co Inc $42.2M
  • Dte Energy Co $40.3M
  • Firstenergy Corp $39.9M
  • Cms Energy Corp $39.6M
  • X-energy Inc $3.7M

Exited

  • Na was $0
Stocks we cover

Position history in tracked names

Quarter-end value of each holding that has a page on R40, most recent first.

Stock Q2 2026 Q1 2026Q4 2025Q3 2025
AMZNAmazon Com Inc $118.0M———
Archive

Earlier filings

Q1 2026 · 1 positions · $0 · filed 2026-05-15
# Company Class Value Shares % Port. vs prior
1 Na COM $0 0 0.0% HOLD
Q4 2025 · 1 positions · $0 · filed 2026-02-17
# Company Class Value Shares % Port. vs prior
1 Na COM $0 0 0.0% NEW
Q3 2025 · 3 positions · $74.4M · filed 2025-11-14
# Company Class Value Shares % Port. vs prior
1 TSLATesla, Inc.★ COM $28.9M 65K 38.8%
2 MSFTMicrosoft Corporation★ COM $25.4M 49K 34.1%
3 AAPLApple Inc.★ COM $20.2M 79K 27.1%