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Thiel Macro Portfolio holdings

AUM $74.4M
1-Year Est. Return 91.31%
This Fund
S&P 500
This Quarter Est. Return
+23.47%
1 Year Est. Return
+91.31%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$74.4M
AUM Growth
-$138M
Cap. Flow
-$155M
Cap. Flow %
-207.58%
Top 10 Hldgs %
100%
Holding
5
New
2
Increased
–
Reduced
1
Closed
2

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$25M
2
AAPL icon
Apple
AAPL
+$17.9M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$85M
2
TSLA icon
Tesla
TSLA
+$72M
3
VST icon
Vistra
VST
+$40.5M

Sector Composition

Rank Sector Weight
1 Technology 61.17%
2 Consumer Discretionary 38.83%
3 Utilities 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSLA icon
1
Tesla
TSLA
$1.26T
$28.9M 38.83%
65,000
-207,613
-76% -$72M
MSFT icon
2
Microsoft
MSFT
$3.71T
$25.4M 34.09%
+49,000
New +$25M
AAPL icon
3
Apple
AAPL
$4.56T
$20.2M 27.08%
+79,181
New +$17.9M
NVDA icon
4
NVIDIA
NVDA
$5.3T
– –
-537,742
Closed -$85M
VST icon
5
Vistra
VST
$47.7B
– –
-208,747
Closed -$40.5M

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Thiel Macro's Q3 2025 Portfolio in Review

As of Q3 2025, Thiel Macro held 5 positions worth $74.4M, down 65% from $212M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Thiel Macro withdrew a net $155M in Q3 2025, closing 2 positions and reducing 1 holding. Its most notable exit was NVIDIA, an estimated $85M position sold in full.

By sector, the portfolio is most concentrated in Technology at 61% of assets, up from 40% a quarter earlier, followed by Consumer Discretionary and Utilities.

Against the trend, Thiel Macro opened a new position in Microsoft worth $25.4M.

  • Thiel Macro's largest Q3 2025 buy was Microsoft: 49,000 shares worth $25.4M.
  • Thiel Macro's biggest Q3 2025 reduction was Tesla, cutting an estimated $72M.
  • Thiel Macro fully exited NVIDIA in Q3 2025, selling an estimated $85M.
  • Thiel Macro's ten largest holdings make up 100% of its $74.4M portfolio in Q3 2025.
  • Thiel Macro opened 2 new positions and closed 2 in Q3 2025.
  • Thiel Macro's portfolio value fell 65% quarter-over-quarter to $74.4M.

Based on Thiel Macro's 13F filing for Q3 2025, filed 14 Nov 2025.