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TM
Thiel Macro Portfolio holdings
AUM
$74.4M
1-Year Est. Return
91.31%
This Fund
S&P 500
This Quarter
Est. Return
-2.11%
1 Year Est. Return
+91.31%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$511M
AUM Growth
-$352M
(-41%)
Cap. Flow
-$382M
Cap. Flow
% of AUM
-74.81%
Top 10 Holdings %
Top 10 Hldgs %
95.6%
Holding
28
New
8
Increased
2
Reduced
6
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Bank ETF
KBE
|
+$16.1M |
| 2 |
Amazon
AMZN
|
+$2.82M |
| 3 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$2.03M |
| 4 |
iShares MSCI Mexico ETF
EWW
|
+$506K |
| 5 |
Wells Fargo
WFC
|
+$285K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$11.5M |
| 2 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$5.19M |
| 3 |
ProShares Short VIX Short-Term Futures ETF
SVXY
|
+$2.54M |
| 4 |
VanEck Oil Services ETF
OIH
|
+$1.95M |
| 5 |
GREK
Global X MSCI Greece ETF
GREK
|
+$699K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 0.59% |
| 2 | Financials | 0.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
ProShares Short VIX Short-Term Futures ETF
SVXY
$206M
| – | – |
-100,000
| Closed | -$2.54M |
|
27
PUT
State Street SPDR S&P Retail ETF
XRT
$323M
| – | – |
-80,000
| Closed | -$3.88M |
|
|
VXX
28
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| – | – |
-200,000
| Closed | -$7.4M |
|
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Thiel Macro's Q3 2018 Portfolio in Review
As of Q3 2018, Thiel Macro held 28 positions worth $511M, down 41% from $863M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Thiel Macro withdrew a net $382M in Q3 2018, closing 9 positions and reducing 6 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $11.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 0.59% of assets, up from 0% a quarter earlier, followed by Financials.
Against the trend, Thiel Macro opened a new position in State Street SPDR S&P Bank ETF worth $15.4M.
- Thiel Macro's largest Q3 2018 buy was State Street SPDR S&P Bank ETF: 330,000 shares worth $15.4M.
- Thiel Macro's biggest Q3 2018 reduction was VanEck Junior Gold Miners ETF, cutting an estimated $5.19M.
- Thiel Macro fully exited Invesco QQQ Trust in Q3 2018, selling an estimated $11.5M.
- Thiel Macro's ten largest holdings make up 96% of its $511M portfolio in Q3 2018.
- Thiel Macro opened 8 new positions and closed 9 in Q3 2018.
- Thiel Macro's portfolio value fell 41% quarter-over-quarter to $511M.
Based on Thiel Macro's 13F filing for Q3 2018, filed 14 Nov 2018.