Thiel Macro’s iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 VXX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-200,000	Closed	-$7.4M	–	28
2018 Q2	$7.4M	Buy	+200,000	New	+$7.74M	0.86%	14
2018 Q1	–	Sell	-235,925	Closed	-$6.59M	–	17
2017 Q4	$6.59M	Hold	235,925	–	–	1.28%	5
2017 Q3	$9.25M	Sell	235,925 -201,575	-46%	-$9.36M	1.15%	10
2017 Q2	$22.3M	Hold	437,500	–	–	6.39%	5
2017 Q1	$27.6M	Buy	437,500 +98,937	+29%	+$7.33M	17.05%	2
2016 Q4	$34.5M	Buy	+338,563	New	+$40.6M	37.43%	2
2015 Q3	$77.7M	Buy	189,725 +13,975	+8%	+$4.65M	22.04%	2
2015 Q2	$56.5M	Buy	175,750 +50,000	+40%	+$16.3M	8.72%	2
2015 Q1	$51.6M	Sell	125,750 -675,113	-84%	-$328M	10.52%	2
2014 Q4	$404M	Buy	+800,863	New	+$394M	67.7%	1