Thiel Macro Puts $418.7 Million Into AI Power Bet as Amazon Takes 28.2%

1 articles · Updated · Yahoo Finance · Aug 24

$418.7 million in newly disclosed holdings shows Thiel Macro reemerged after two quarters with no reported positions, building an eight-stock portfolio centered on electricity for AI.
Amazon accounted for $118 million, or 28.2% of assets, and was the fund's only technology holding; the other seven positions were tied to power generation or distribution.
Vista Energy ranked second at $75.9 million, followed by Vistra at $59.1 million, while AEP, DTE Energy, FirstEnergy and CMS Energy each made up roughly 9% to 10% of the portfolio.
The June 30 snapshot points to a thesis that power—not chips—is AI's next bottleneck, echoing utility warnings that data-center demand is straining grids.