When Peter Thiel moves money, Silicon Valley pays attention. Toward the end of last year, he moved a lot of it—and the way he shifted around his fund might say a lot about how the AI race is shaping up.
In the third quarter of 2025, Thiel Macro LLC, the billionaire’s hedge fund, sold all 537,742 of its Nvidia shares (well over $100 million), according to regulatory filings. The shift marked one of Thiel’s most significant repositionings of the year: The stake in Nvidia had accounted for roughly 40% of the fund’s entire portfolio.
