Billionaire venture capitalist Peter Thiel sold the last remaining 537,000 units of Nvidia shares he owned in Q3 with zero warning and no comment.
The numbers were disclosed in his latest 13F filing on Saturday, which showed that nearly 40% of his entire fund’s equity portfolio was torched in one move.
Peter also reduced his Tesla stake, leaving just 65,000 shares behind. No statement, no interview, and no context whatsoever.
The timing couldn’t be more jarring. Nvidia just blew past a $5 trillion valuation, its rel=”nofollow noopener” target=”_blank”>holdings, as he now holds just 65,000 shares of the Elon Musk-led company, worth roughly 39% of the entire portfolio. Elon and Peter go way back
Meanwhile, what’s particularly wild is that Peter has praised Nvidia’s dominance before. He’s called it the hardware leader in the AI race. But at the same time, he’s repeatedly said the AI market is in a hype loop, warning that investors are pricing in returns that might take 15 to 20 years to actually show up. The latest filing proves he’s acting on that view now, not just talking about it. He’s betting the market is speeding way ahead of what the economics can back up.
With Nvidia and Vistra deleted, and Tesla slashed, the fund is now built around just three stocks.Microsoft holds 34%, Apple gets 27%, and Tesla, after being cut, makes up 39%.
He’s not alone either. Jeff Bezos has called the AI craze an “industrial bubble.” Goldman Sachs CEO David Solomon warned about a 12- to 24-month cooldown. James Anderson said Nvidia’s $100 billion OpenAI funding rumor is “disconcerting.” And Michael Burry, famous for betting against the housing market in 2008, has filed massive put positions against both Nvidia and Palantir, the company Peter co-founded and still chairs.
Peter has always been deep in tech. He co-founded PayPal, ran it, and took it public. He was the first outside investor in Facebook. He helped start Palantir, backed SpaceX, and helped build Founders Fund into a serious force in venture capital.