Thiel Macro Sells Major Tech Stocks
Thiel Macro, a hedge fund managed by billionaire Peter Thiel, divested its entire portfolio, including shares of Tesla, Microsoft, and Apple, in Q4 2025, according to SEC Forms 13F. The total value of these investments reached $74 million at the end of Q3 2025.
Market Context
The decision comes amid concerns over high valuations in the stock market, with the S&P 500 trading at a cyclically adjusted price-to-earnings (CAPE) ratio of 39.1, well above the 30-year average of 28.5. Historical data indicates that the S&P 500 has underperformed from such elevated CAPE levels.
Analysts Diverge on Valuation
Despite Thiel’s sell-off, Wall Street analysts are generally bullish on the three tech giants. Tesla has a median target price of $477.50, suggesting a 22% upside; Microsoft at $600 indicates a 51% upside; and Apple at $302.50 implies a 21% upside, compared to their current trading prices of $391, $396, and $250, respectively.
