Peter Thiel, one of the best-known tech investors and co-founder of PayPal and Palantir, made a dramatic change in direction in his portfolio in the third quarter of 2025.
• Peter Thiel throws NVIDIA shares out of his portfolio
• Investment in Tesla significantly reduced
• Only three shares left in the portfolio
Tech investor Peter Thiel apparently no longer believes in the further potential of NVIDIA shares. According to a recent Form 13F filed with the US Securities and Exchange Commission (SEC), Thiel sold around 537,742 NVIDIA shares through his Thiel Macro LLC fund in the third quarter of 2025 – thereby liquidating his entire holdings in the AI giant. This move is notable because NVIDIA is considered one of the main beneficiaries of the AI boom.
Thiel warned of an AI bubble as early as 2024
However, Thiel’s exit from NVIDIA does not come out of the blue. He has previously expressed concerns about exaggeration in the AI sector, comparing the current hype to the dot-com bubble at the turn of the millennium. In his opinion, expectations of the short-term economic benefits of AI may be too high, which is driving up the valuations of some technology companies.
By selling his NVIDIA shares, Thiel is not only sending a financial signal, but above all an ideological one: He apparently believes that the euphoria surrounding AI could be saturated or overvalued.
Restructuring the portfolio: away from infrastructure and towards platforms
At the same time as selling NVIDIA, Peter Thiel also made cuts to other previous heavyweights in his portfolio. For example, he reduced his Tesla commitment from 272,613 shares to just 65,000 shares. With a total value of around 28.91 million US dollars, the stake in the electric car manufacturer remains number one in the tech investor’s portfolio. Thiel also quit the US energy company Vistra completely.
But it’s even clearer where he directs the freed-up capital: The 13F report shows that Thiel has built up new large positions in Apple (79,181 shares with a total value of around $20.16 million) and Microsoft (49,000 shares with a total value of around $25.38 million). This portfolio restructuring can be interpreted as a strategic rotation – away from the capital-intensive hardware sector towards companies that deliver platforms, software and applications and are likely to generate more sustainable, recurring revenue.
Risk minimization on a large scale
Overall, Thiel drastically reduced his commitment in the third quarter: his reported stock portfolio shrank by more than two thirds from around $212 million to just around $74.4 million. At the end of the quarter, according to 13F, Thiel only had the three stocks mentioned above from Tesla, Microsoft and Apple in his portfolio.
Editorial team finanzen.net
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