Thiel Macro Dives into Amazon and Energy Stocks with $418 Million Bet

Peter Thiel's macro fund has returned to US-listed equities after a brief absence, and Amazon is its largest disclosed holding. The fund reported $418.7 million in 13F holdings at the end of June, with Amazon accounting for almost $118 million or 28.2% of the portfolio.

The rest of the portfolio points to a bigger wager on infrastructure powering artificial intelligence. Positions were also found in Vista Energy, Vistra, American Electric Power, DTE Energy, FirstEnergy, CMS Energy and X-Energy, representing about 72% of disclosed value.

AWS revenue rose 37% year on year to $42.2 billion in the second quarter, its fastest growth in 18 quarters. Amazon also raised planned 2026 capital expenditure to about $220 billion as it races to add cloud and AI capacity.