TM
Thiel Macro LLC 13F Filings Tracker & Latest Positions (Q2 2026)
Thiel Macro LLCCIK: 0001562087
High-turnover traderSector-focusedContrarian
Total reported value
$418.7M
Reporting period: 2026-06-30 · Number of holdings: 8
Thiel Macro LLC disclosed 8 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $418.7M and a quarterly turnover rate of 200.0%.
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Personality snowflake
- Concentration
- 67.9
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 16
- Sizing Uniformity
- 93.6
Thiel Macro LLC's disclosed holdings carry a Herfindahl concentration index of 0.170 — mathematically equivalent to about 6 equally-sized positions, close to its 8 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.64), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 12.5 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy AMZN
New buy VIST
New buy VST
New buy AEP
New buy DTE
New buy FE
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 28.18% | +28.18% | NEW | |
| 2 | VIST | Vista Energy Sab De Cv | Stock-Other | 18.13% | +18.13% | NEW | |
| 3 | VST | Vistra CORP | Stock-Utilities | 14.12% | +14.12% | NEW | |
| 4 | AEP | American Electric Power | Stock-Utilities | 10.08% | +10.08% | NEW | |
| 5 | DTE | Dte Energy Company | Stock-Utilities | 9.62% | +9.62% | NEW | |
| 6 | FE | Firstenergy CORP | Stock-Utilities | 9.53% | +9.53% | NEW | |
| 7 | CMS | Cms Energy CORP | Stock-Utilities | 9.45% | +9.45% | NEW | |
| 8 | ✓ | Stock-Other | 0.88% | +0.88% | NEW |
Portfolio Performance
Performance for Q3 2026
—
Performance Last 4 Quarters
-0.2%
- Stdev
- +33.3%
- Beta
- +2.58
- Alpha
- -19.1%
- Max Drawdown
- -18%
- Annualized Perf
- +19.7%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +1.4
- Stutzer
- +0.21
- Treynor
- +0.09
- Sterling
- +0.7
- Calmar
- +1.1
- Information Ratio
- +0.27
- Tracking Error
- +25%
- Stdev Down
- +16.4%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +19.7%
- Worst 12 Months
- +19.7%
- Efficiency Ratio
- +0.22
- Sharpe
- +0.69
- Stdev Sectors
- +15.2%
- Skewness
- +0.49
- Kurtosis
- -0.78
- Upside Potential
- +3.37
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 8 | $418.7M | 100 | ||
| 2026 Q1 | 1 | — | 0 | ||
| 2025 Q4 | 1 | — | 100 | ||
| 2025 Q3 | 3 | $74.4M | 100 | ||
| 2025 Q2 | 3 | $212.0M | 0 | ||
| 2025 Q1 | 5 | $153.0M | 100 | ||
| 2024 Q4 | 3 | $118.0M | 0 | ||
| 2020 Q3 | 1 | — | 0 | ||
| 2020 Q2 | 1 | — | 0 | ||
| 2020 Q1 | 1 | — | 0 | ||
| 2019 Q4 | 1 | — | 100 | ||
| 2019 Q3 | 6 | $952.9M | 100 | ||
| 2019 Q2 | 12 | $369.4M | 100 | ||
| 2019 Q1 | 9 | $278.9M | 100 | ||
| 2018 Q4 | 13 | $653.7M | 61 | ||
| 2018 Q3 | 19 | $510.8M | 74 | ||
| 2018 Q2 | 20 | $862.6M | 100 | ||
| 2018 Q1 | 12 | $749.3M | 100 | ||
| 2017 Q4 | 8 | $516.3M | 100 | ||
| 2017 Q3 | 16 | $805.9M | 100 | ||
| 2017 Q2 | 17 | $349.3M | 100 | ||
| 2017 Q1 | 7 | $162.0M | 100 | ||
| 2016 Q4 | 5 | $92.3M | 100 | ||
| 2015 Q3 | 6 | $352.6M | 69 | ||
| 2015 Q2 | 10 | $648.0M | 38 | ||
| 2015 Q1 | 9 | $490.3M | 100 | ||
| 2014 Q4 | 15 | $596.4M | 0 |
Holding changes this quarter
Thiel Macro LLC's most significant position changes for 2026-06-30: New buy: Amazon.com Inc (AMZN); New buy: Vista Energy Sab De Cv (VIST); New buy: Vistra CORP (VST); New buy: American Electric Power (AEP); New buy: Dte Energy Company (DTE).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | — | NEW | New buy |
| 2 | VIST | Vista Energy Sab De Cv | — | NEW | New buy |
| 3 | VST | Vistra CORP | — | NEW | New buy |
| 4 | AEP | American Electric Power | — | NEW | New buy |
| 5 | DTE | Dte Energy Company | — | NEW | New buy |
| 6 | FE | Firstenergy CORP | — | NEW | New buy |
| 7 | CMS | Cms Energy CORP | — | NEW | New buy |
| 8 | ✓ | — | NEW | New buy | |
| 9 | ✓ | Ikena Oncology Inc | — | — | Unchanged |
Filing History
FAQ
What is Thiel Macro LLC and what type of investor is it?
Thiel Macro LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $418.7M, spread across 8 disclosed positions.
What are Thiel Macro LLC's largest equity positions?
Based on the latest 13F filing, Thiel Macro LLC's top holdings by market value are:
1. Amazon.com Inc (AMZN) — $118.0M (28.2%)
2. Vista Energy Sab De Cv (VIST) — $75.9M (18.1%)
3. Vistra CORP (VST) — $59.1M (14.1%)
4. American Electric Power (AEP) — $42.2M (10.1%)
5. Dte Energy Company (DTE) — $40.3M (9.6%)
What changes did Thiel Macro LLC make in its most recent portfolio filing?
In the latest quarter, Thiel Macro LLC was primarily adding exposure — initiating 8 new positions and adding to 0 existing holdings. The largest of these moves: New buy: Amazon.com Inc (AMZN); New buy: Vista Energy Sab De Cv (VIST); New buy: Vistra CORP (VST); New buy: American Electric Power (AEP); New buy: Dte Energy Company (DTE)
What sectors does Thiel Macro LLC focus on?
Thiel Macro LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Utilities: 65.2%
• Consumer Discretionary: 34.8%
Investment Profile
Thiel Macro LLC returned an annualized 19.7% over the trailing 12 months — underperforming the S&P 500 by 19.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 2.58 (more volatile than the market) and a 58% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 65.2% of the portfolio concentrated in Utilities.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
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Developer Access
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