Thiel Macro, LLC
Peter Thiel · Los Angeles, CA · Founded 2011
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.
History
Peter Thiel establishes the entity to manage a concentrated public-markets book alongside his venture investments.
The 13F typically shows a small number of large, high-conviction positions.
Thiel's venture activity runs through Founders Fund; Thiel Macro is the public-markets sleeve.
2026 Q2 holdings
| # | Company | Class | Value | Shares | % Port. | vs prior |
|---|---|---|---|---|---|---|
| 1 | AMZNAmazon.com, Inc.★ | COM | $118.0M | 495K | 28.2% | NEW |
| 2 | VISTVista Energy, S.A.B. de C.V.★ | SPONSORED ADS | $75.9M | 1.2M | 18.1% | NEW |
| 3 | VSTVistra 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 |
Notable 2026 Q2 moves
New positions
- AMZN Amazon.com, Inc. $118.0M
- VIST Vista Energy, S.A.B. de C.V. $75.9M
- VST 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
- TSLA Tesla, Inc. was $28.9M
- MSFT Microsoft Corporation was $25.4M
- AAPL Apple Inc. was $20.2M
Position history in tracked names
Quarter-end value of each holding that has a page on R40, most recent first.
| Stock | 2026 Q2 | 2025 Q3 |
|---|---|---|
| AMZNAmazon Com Inc | $118.0M | — |
| VISTVista Energy S.A.B. De C.V. | $75.9M | — |
| VSTVistra Corp | $59.1M | — |
| TSLATesla Inc | — | $28.9M |
| MSFTMicrosoft Corp | — | $25.4M |
| AAPLApple Inc | — | $20.2M |