Peter Thiel's Fund Held No Stocks for Two Quarters Before Reallocating $419M into Energy and Power Sectors
Thiel Macro, the hedge fund managed by billionaire Peter Thiel, reported no U.S. long stock holdings in two consecutive quarters ending December 2025 and March 2026. This was notable because it filed its required SEC Form 13F but listed zero positions — indicating a strategic shift away from public equities during that period. In the subsequent quarter, Thiel Macro disclosed an $418.7 million portfolio as of June 30, with approximately 72% allocated to energy and power-related companies. The largest position was Amazon at $118 million (28%), followed by Vista Energy ($76M), Vistra ($59M), and four regulated utilities each valued around $40 million. The reallocation suggests a pivot from tech toward traditional energy infrastructure, including oil production, power generation, and nuclear innovation. The move reflects confidence in the sector's potential amid ongoing global energy transitions.
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Topics: 13F filing energy sector hedge fund stock portfolio changes