Peter Thiel's fund offloaded Nvidia stake in third quarter, filing shows

Peter Thiel’s hedge fund Thiel Macro sold its entire Nvidia stake in Q3, offloading roughly 537,742 shares — about $100 million at Sept. 30 close — according to an SEC filing, a move that, alongside SoftBank’s recent Nvidia sales, has intensified concerns of an AI-driven tech valuation bubble. The selloff comes as several hedge funds trimmed positions in the “Magnificent Seven” and shifts attention to Nvidia’s upcoming Q3 results, which investors view as a bellwether for AI demand in data centers and servers. The filing shows Thiel Macro now concentrates its holdings in Apple and Microsoft and retains a reduced stake in Tesla, signaling a recalibration away from Nvidia exposure among some prominent investors.

Analysis

Thiel Macro sold its entire Nvidia position in Q3, offloading approximately 537,742 shares worth about $100 million at the September 30 closing price, according to the SEC filing cited by Reuters. The filing, published Friday, shows the fund now lists Apple and Microsoft and a reduced stake in Tesla as its main holdings, signaling an explicit reallocation away from NVDA.

Thiel's divestment, together with SoftBank's recent Nvidia selloff and reports that several hedge funds trimmed positions in the "Magnificent Seven" in Q3, has intensified market concerns about an AI-driven valuation peak; the provided sentiment data registers a moderately negative tone (sentiment score -0.45) and an NVDA-specific sentiment of -0.6. Market participants are focused on Nvidia's upcoming third-quarter results on Wednesday as a key demand read for AI chips, since Nvidia's processors are treated as a bellwether for data-center and server AI spending.

The combination of high-profile block sales and repositioning into Apple and Microsoft suggests active managers are de-risking NVDA exposure amid valuation uncertainty, increasing short-term downside risk for Nvidia until earnings validate demand. Investors who track fund flows should treat further large shareholder exits as significant market signals and weigh hedging or position-sizing adjustments accordingly.

Key Decisions for Investors

• Monitor Nvidia's Q3 results closely and refrain from adding material new long positions in NVDA until the earnings cadence confirms sustained AI demand, consider short-dated hedges if exposure is significant
• Consider modest reallocation toward large-cap software/hardware names like AAPL and MSFT — consistent with Thiel Macro's positioning — but size positions against valuation risk and confirm fundamentals independently
• Track block sales and hedge-fund flow data across the Magnificent Seven as catalysts; use options or stop-losses to protect concentrated tech exposure if further high-profile exits occur