Inside the Family Office 15 List: Here's what to know
Watch on YouTube ↗  |  February 12, 2026 at 15:48 UTC  |  2:33  |  CNBC
Speakers
Robert Frank — CNBC Reporter/Editor

Summary

  • The "Family Office 15" list tracks the most active family offices (assets >$1B) in startup investing, revealing where "smart money" is allocating private capital.
  • Eric Schmidt (Hill Spire) and Jeff Bezos (Bezos Expeditions) topped the list, signaling a massive pivot by tech titans into specific AI niches: Robotics, Voice, and Energy-Efficient Compute.
  • A notable shift is occurring toward "Real World Assets" and sustainability, with the Walton family office (Builders Vision) heavily targeting sustainable agriculture and green energy.
Trade Ideas
Ticker Direction Speaker Thesis Time
LONG Robert Frank
Wealth Editor, CNBC
Eric Schmidt (Hill Spire) and Jeff Bezos (Bezos Expeditions) were the top two investors. Schmidt focused on AI voice and Fusion; Bezos focused on AI robotics and energy-efficient AI compute. The founders of the Web2 era are deploying their personal fortunes into the "Physical Layer" of AI (Robotics) and the "Efficiency Layer" (Compute/Energy). This suggests the next wave of value creation is not just in LLMs, but in embodied AI and the hardware required to run it sustainably. Long exposure to robotics and next-gen AI hardware infrastructure. High failure rate of early-stage deep tech; disconnect between private venture trends and public market timelines. 0:59
LONG Robert Frank
Wealth Editor, CNBC
Lucas Walton (Walmart heir) made the list with his "Builders Vision" family office, which is explicitly investing in "sustainable agriculture and green energy." Multi-generational wealth is hedging against resource scarcity and climate transition. When the heirs to the world's largest retailer allocate to food and energy sustainability, it signals a conviction in the long-term value of essential resources and clean infrastructure. Long US Agriculture and Clean Energy sectors. Regulatory headwinds; capital-intensive nature of agriculture and energy projects.
WATCH Robert Frank
Wealth Editor, CNBC
Eric Schmidt's office made a notable "outlier" investment in a software platform for "luxury travel and experiences." Even deep-tech focused investors see resilience and growth in the "experience economy," particularly at the high end. This implies a belief that luxury consumer spending on experiences will persist despite macro headwinds. Watch luxury travel and leisure names for resilience. Consumer recession or pullback in discretionary spending.