Overview
- Thiel Macro disclosed in an SEC filing published Friday that it owned almost 1.2 million Vista Energy American Depositary Shares as of the quarter ended June 30, a roughly 1% stake valued at about $76 million.
- Vista Energy shares jumped about 5.4% in premarket trading after the filing became public.
- The Vista stake was the fund’s second-largest disclosed holding behind Amazon as Thiel Macro rebuilt its disclosed U.S. equity portfolio to more than $400 million and opened six new positions concentrated in energy and utilities.
- Vista Energy is a major developer in the Vaca Muerta shale in Neuquén province, producing about 160,000 barrels of oil equivalent per day after deploying more than $6.5 billion in Argentina.
- Thiel’s relocation to Buenos Aires and meetings with President Javier Milei and senior officials give the investment political context that could encourage more foreign capital into Argentina’s resource sector and prompt closer public and regulatory attention to future deals.