Peter Thiel’s hedge fund joins SoftBank in dumping Nvidia

What do Peter Thiel and Masayoshi Son have in common?

Both are no longer owners of the world’s most valuable publicly traded company.

A 13F filing showed that the Silicon Valley luminary’s hedge fund had exited its holdings of Nvidia, which it had owned since Q4 2024, at the end of Q3. This was Thiel Macro’s second-largest equity position at the end of Q2 per filings, trailing only Tesla.

Last week, SoftBank revealed that it had divested its stake in Nvidia in October as it prepares to finance a larger equity position in ChatGPT maker OpenAI, a move that CFO Yoshimitsu Goto said had “nothing to do with Nvidia itself.”

Shares of the chip designer, which is scheduled to report earnings after the close on Wednesday, are down about 1.5% as of 8:15 a.m. ET.

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Peter Thiel’s hedge fund cut its stake in Tesla by 76%

Peter Thiel’s hedge fund, Thiel Macro, has cut its stake in Elon Musk’s Tesla by 76%, according to new filings. At the end of Q3, it held 65,000 shares of the stock, down from 272,613 at the end of Q2. Thiel and Musk are longtime friends who famously cofounded PayPal together and are part of the so-called PayPal Mafia.

The filing also showed that Thiel Macro exited its entire position in Nvidia. The fund’s top holdings are now Apple, Microsoft, and Tesla, valued at roughly $20 million, $25 million, and $29 million, respectively.

“Hang on to your Tesla stock,” Musk recently told investors at the company’s annual shareholder meeting, where they approved his $1 trillion pay package. Thiel, or at least the fund bearing his name, apparently didn’t listen.

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