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TM

Thiel Macro Portfolio holdings

AUM $419M
This Fund
S&P 500
This Quarter Est. Return
-4.64%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$490M
AUM Growth
-$106M
Cap. Flow
-$58.2M
Cap. Flow %
-11.88%
Top 10 Hldgs %
100%
Holding
20
New
5
Increased
–
Reduced
3
Closed
11
Avg Time Held Equity + Options
0.4 quarters
Top 10 Avg Time Held Equity + Options
0.3 quarters
Top 20 Avg Time Held Equity + Options
0.4 quarters
Avg Time Held Equity only
0.3 quarters
Top 10 Avg Time Held Equity only
0.3 quarters
Top 20 Avg Time Held Equity only
0.3 quarters

Top Buys

Rank Stock Value
1
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$18.9M
2
IBB icon
iShares Biotechnology ETF
IBB
+$956K

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$66.5M
2
MLPL
UBS AG 2XMTHLY LEV LG EXCH TRD ACCESS SEC E-TRACS ALERIAN
MLPL
+$5.75M
3
AMLP icon
Alerian MLP ETF
AMLP
+$1.75M
4
FXI icon
iShares China Large-Cap ETF
FXI
+$1.61M
5
EWA icon
iShares MSCI Australia ETF
EWA
+$1.46M

Sector Composition

Rank Sector Weight
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
QQQ icon
1
CALL
Invesco QQQ Trust
QQQ
$504B
$357M 72.8%
+3,380,000
New +$355M
2015 Q1
0 quarters
VXX
2
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$51.6M 10.52%
125,750
-675,113
-84% -$328M
2014 Q4
1 quarter
SPY icon
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$828B
$31M 6.32%
150,000
-50,000
-25% -$10.3M
2014 Q4
1 quarter
XHB icon
4
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.42B
$22.1M 4.51%
+600,000
New +$21.2M
2015 Q1
0 quarters
XLU icon
5
State Street Utilities Select Sector SPDR ETF
XLU
$22.9B
$18.2M 3.7%
+817,588
New +$18.9M
2015 Q1
0 quarters
UUP icon
6
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$440M
$5.18M 1.06%
200,000
– –
2014 Q4
1 quarter
EWJ icon
7
PUT
iShares MSCI Japan ETF
EWJ
$23.8B
$3.76M 0.77%
+75,000
New +$3.59M
2015 Q1
0 quarters
IBB icon
8
iShares Biotechnology ETF
IBB
$10.6B
$993K 0.2%
+8,670
New +$956K
2015 Q1
0 quarters
EPI icon
9
WisdomTree India Earnings Fund ETF
EPI
$1.76B
$616K 0.13%
27,000
-43,000
-61% -$1M
2014 Q4
1 quarter
AMLP icon
10
Alerian MLP ETF
AMLP
$12.9B
– –
-20,000
Closed -$1.75M –
EWA icon
11
iShares MSCI Australia ETF
EWA
$1.2B
– –
-65,700
Closed -$1.46M –
EWA icon
12
PUT
iShares MSCI Australia ETF
EWA
$1.2B
– –
-200,000
Closed -$4.43M –
EWC icon
13
PUT
iShares MSCI Canada ETF
EWC
$7.02B
– –
-100,000
Closed -$2.89M –
FXI icon
14
iShares China Large-Cap ETF
FXI
$3.86B
– –
-38,600
Closed -$1.61M –
FXI icon
15
PUT
iShares China Large-Cap ETF
FXI
$3.86B
– –
-300,000
Closed -$12.5M –
HYG icon
16
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.3B
– –
-400,000
Closed -$35.8M –
SPY icon
17
State Street SPDR S&P 500 ETF Trust
SPY
$828B
– –
-322,250
Closed -$66.5M –
XME icon
18
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.15B
– –
-305,500
Closed -$9.43M –
MLPL
19
DELISTED
UBS AG 2XMTHLY LEV LG EXCH TRD ACCESS SEC E-TRACS ALERIAN
MLPL
– –
-100,000
Closed -$5.75M –
VXX
20
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
– –
-6,563
Closed -$3.31M –

Similar funds

KFS
Kurt F. Somerville $419M AUM 40.58% 1-Year Est. Return
DAS
Daybright Advisory Services Miami, Florida $419M AUM
SB
Sunflower Bank Dallas, Texas $418M AUM 23.68% 1-Year Est. Return
NTCM
Nut Tree Capital Management New York $419M AUM 65.06% 1-Year Est. Return
NECFA
New England Capital Financial Advisors Meriden, Connecticut $418M AUM 16.7% 1-Year Est. Return
XWM
Xcel Wealth Management Holly Hill, Florida $419M AUM 30.44% 1-Year Est. Return
CWM
Centurion Wealth Management Mclean, Virginia $418M AUM 23.14% 1-Year Est. Return
RBFC
Roman Butler Fullerton & Co St Louis, Missouri $419M AUM 31.15% 1-Year Est. Return

Thiel Macro's Q1 2015 Portfolio in Review

As of Q1 2015, Thiel Macro held 20 positions worth $490M, down 18% from $596M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Thiel Macro withdrew a net $58.2M in Q1 2015, closing 11 positions and reducing 3 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $66.5M position sold in full.

Against the trend, Thiel Macro opened a new position in State Street Utilities Select Sector SPDR ETF worth $18.2M.

  • Thiel Macro's largest Q1 2015 buy was State Street Utilities Select Sector SPDR ETF: 817,588 shares worth $18.2M.
  • Thiel Macro's biggest Q1 2015 reduction was WisdomTree India Earnings Fund ETF, cutting an estimated $1M.
  • Thiel Macro fully exited State Street SPDR S&P 500 ETF Trust in Q1 2015, selling an estimated $66.5M.
  • Thiel Macro's ten largest holdings make up 100% of its $490M portfolio in Q1 2015.
  • Thiel Macro opened 5 new positions and closed 11 in Q1 2015.
  • Thiel Macro's portfolio value fell 18% quarter-over-quarter to $490M.

Based on Thiel Macro's 13F filing for Q1 2015, filed 15 May 2015.