By ET
Publication Date: 2025-11-17 07:33:00
The 13F filings by Thiel Macro LLC show that the fund sold all the 537,742 Nvidia shares it held during the July-September quarter. This position accounted for 40% of the fund’s portfolio.
The fund also sold its entire stake — 208,747 shares — in US-based energy company Vista Corp, wiping another 19% off its portfolio.
The exits shrank the fund’s equity book to $74.4 million, from $212 million in the April-May quarter. EV maker Tesla now accounts for the largest chunk of the fund’s portfolio at nearly 39%.
AI bubble fears
While the reason behind Thiel’s sale of Nvidia shares was not immediately known, concerns have been raised around the stock despite its stellar run.
Nvidia became the world’s first $5-trillion company in October. As of its last close, the counter is up around 36% for the trailing 12-month period and 37.5% in the year to date. This comes on the back of a 56% rise in sales to $46.7 billion, driven by data centre revenue increasing at the same pace to $41.1 billion.
The AI chip company expects to sustain revenue growth in the third quarter of fiscal year 2026, with revenue projected at around $54 billion with a 2% tolerance range.
However, there are concerns over circular deals in the AI space artificially inflating the values of technology stocks….
