Peter Thiel's Fund's Single Biggest Reported Position Is Amazon. $10,000 Invested in Amazon 10 Years Ago Is Worth About $66,000 Today.
A 555% run in a decade -- built on profits that grew even faster than the stock.
Overview
Billionaire Peter Thiel's hedge fund, Thiel Macro, disclosed its latest portfolio in a regulatory filing last month, and the fund's largest reported position (a stake worth about $118 million as of June 30) is e-commerce and cloud computing giant Amazon (NASDAQ:AMZN).
But I'd argue the filing itself is less notable than the track record behind its biggest pick. In early September 2016, Amazon shares closed at a split-adjusted $39.44 (the company split its stock 20-for-1 in 2022). At Friday's closing price of $258.51, a $10,000 investment made a decade ago is worth about $66,000 today -- a return of about 555%, or nearly 21% annualized.
Details
And that's price appreciation alone. Amazon doesn't pay a dividend.
Source
Originally published at www.fool.com.