Silicon Valley heavyweight godfather steps down! Peter Thiel's fund completely liquidates US stocks in Q4

According to the latest publicly disclosed 13F filing, Peter Thiel’s hedge fund Thiel Macro no longer holds any U.S. equity long positions that need to be disclosed in Q4 2025. This indicates that Thiel Macro completely liquidated its previously concentrated holdings in Apple (AAPL), Microsoft (MSFT), and Tesla (TSLA) by the end of the quarter.

From “only three stocks left” to “none remaining”

Looking back to the previous quarter, Q3 of last year, the signs were already there: Thiel Macro had already sold off Nvidia (NVDA) in Q3 2025 and narrowed its U.S. stock holdings to just AAPL, MSFT, and TSLA. At that time, foreign media also pointed out that the fund’s Q3 reporting portfolio had shrunk significantly, sparking discussions about an “AI bubble.”

This time, in Q4, the holdings were completely wiped out, marking a second phase of retreat. Thiel Macro sold off $28.9 million worth of Tesla, $25.37 million of Microsoft, and $20.16 million of Apple in the fourth quarter.

(Peter Thiel liquidates Nvidia! Fund holdings drop by two-thirds, shifting into these three tech stocks)

Don’t rush to interpret this as a full market bearish stance: 13F has its blind spots

It’s important to emphasize that 13F filings only disclose part of the assets and have inherent blind spots. Therefore, Thiel Macro’s U.S. stock liquidation in the 13F does not mean Peter Thiel has sold all assets or is entirely bearish on the market.

Generally, 13F mainly discloses long positions in publicly traded U.S. securities (and some options positions), but does not fully include cash, bonds, foreign market holdings, private equity, many derivatives, or hedging positions. In other words, he might have shifted exposure to areas not required to be disclosed in 13F or reallocated risk to instruments outside this reporting scope.

Who is Peter Thiel? Why is his retreat particularly sensitive?

Peter Thiel’s symbolic status in Silicon Valley makes any change in his holdings easily amplified: he is a co-founder of PayPal, co-founder of Palantir, and the first external investor in Facebook, long regarded as a key node in Silicon Valley’s power and capital network.

This article, “Silicon Valley heavyweight exits! Peter Thiel’s fund fully liquidates U.S. stocks in Q4,” originally appeared on Chain News ABMedia.