Thiel Macro Builds $418.7 Million AI Power Portfolio Across 8 Stocks
Updated
Updated · moomoo.com · Aug 18
Thiel Macro Builds $418.7 Million AI Power Portfolio Across 8 Stocks
1 articles · Updated · moomoo.com · Aug 18
Summary
Thiel Macro disclosed a new $418.7 million U.S. equity portfolio after two quarters with no reported holdings, concentrating the fund in eight positions tied largely to AI-related power demand.
About 72% of assets sit in energy and utilities, reflecting the fund’s view that electricity—not chips—is the main bottleneck to AI expansion across generation, transmission and distribution.
Amazon is the largest holding at $118.0 million, or 28.2% of the portfolio, and the only technology name; the company is also backing more than 5 gigawatts of planned SMR capacity for AWS by 2039.
Vista Energy ranks second at $75.9 million, while Vistra accounts for $59.1 million; Thiel Macro also took roughly 9% to 10% stakes in AEP, DTE, FirstEnergy and CMS Energy.
A smaller $3.67 million stake in X-Energy extends the nuclear theme as U.S. policy support grows, including up to $1 billion in added DOE funding announced last week.