Peter Thiel’s hedge fund takes $76m stake in Argentina’s Vaca Muerta oil producer Vista
Peter Thiel’s Macro hedge fund has acquired a roughly $76m position in Argentine oil producer Vista, giving the billionaire’s hedge fund a 1% holding in one of the key operators in the country’s Vaca Muerta shale basin, according to a report by Reuters.
Macro hedge fund Macro, founded by venture capitalist Peter Thiel, has invested approximately $76 million in Argentine oil producer Vista, according to a report by Reuters. This investment represents a 1% stake in Vista, which is a key player in Argentina's Vaca Muerta shale basin. The SEC filing revealed that Thiel Macro bought around 1.2 million American Depositary Shares, accounting for approximately 1% of Vista's total capital.
Thiel, who is also the co-founder of Palantir, has been increasingly focused on Argentina, meeting with President Javier Milei in April to discuss economic policy. Milei is known for his opposition to wealth taxes. Thiel recently purchased a property in a high-end neighborhood in Buenos Aires, indicating his growing interest in the country.
In addition to the Vista investment, Thiel Macro holds a portfolio worth around $418.7 million, including stakes in companies like Amazon, Vistra, and several US power companies such as American Electric Power, DTE Energy, FirstEnergy, CMS Energy, and nuclear-energy firm X-Energy, showcasing a diversified focus on power and energy infrastructure alongside technology.
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