Billionaire investor Peter Thiel has reshuffled a major chunk of his portfolio, dumping Nvidia and Tesla positions to concentrate on Apple — a move that caught attention when Thiel Macro’s Q3 2025 holdings were published.
What changed
- Thiel’s fund reported it held more than 537,000 Nvidia shares and more than 272,000 Tesla shares at the end of Q2 2025. By the end of Q3, Nvidia was gone from the books and Tesla exposure was cut to about 65,000 shares.
- The filings show he instructed the fund to sell large blocks of NVDA and TSLA and reallocate into AAPL.
Why it matters
- This shift is notable because it represents a tilt away from one of the market’s leading AI plays (Nvidia) and a high-profile EV name (Tesla) toward the iPhone maker. For investors tracking megacap rotations, Thiel’s move signals confidence in Apple’s near-term trajectory.
Apple’s 2025 story and outlook
- AAPL had a bumpy 2025: U.S. tariff threats drove a spring pullback, but the stock rebounded in the fall after Apple rolled out a new iPhone lineup plus refreshed AirPods and Apple Watch models.
- Over the past 12 months AAPL is up more than 10%, and at press time the stock was trading near the top of its 52-week range and above its 200-day moving average.
Analyst sentiment
- Jefferies’ Edison Lee raised his price target on Apple to $283.36 from $246.99 but kept a Hold rating.
- Morgan Stanley reiterated an Overweight rating and nudged its target to $315 from $305, reflecting an assumed fiscal 2027 EPS of $9.83 (up from $9.55), which implies a 32X multiple on that estimate.
What this could mean for crypto-focused readers
- Nvidia’s products are central to AI workloads and have also been linked to crypto mining demand in prior cycles; Tesla has been a headline-maker in crypto markets in the past. Thiel’s rotation into Apple may reflect a preference for hardware-driven, consumer recurring-revenue resilience over more cyclical or hype-driven plays — a useful signal for traders and allocators balancing tech, AI and crypto exposure heading into 2026.
Bottom line
Thiel Macro’s Q3 2025 filings reveal a clear tactical pivot: heavy reductions in NVDA and TSLA and a notable accumulation of AAPL. Coupled with recent analyst upgrades and Apple’s product-driven rebound, the move underscores bullish sentiment around Apple as markets head into 2026.
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