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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
-4.64%
1 Year Est. Return
+91.31%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$490M
AUM Growth
-$106M
Cap. Flow
-$84.9M
Cap. Flow %
-17.32%
Top 10 Hldgs %
100%
Holding
20
New
5
Increased
–
Reduced
3
Closed
11

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
QQQ icon
1
CALL
Invesco QQQ Trust
QQQ
$479B
$357M 72.8%
+3,380,000
New +$355M
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
SPY icon
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$818B
$31M 6.32%
150,000
-50,000
-25% -$10.3M
XHB icon
4
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.53B
$22.1M 4.51%
+600,000
New +$21.2M
XLU icon
5
State Street Utilities Select Sector SPDR ETF
XLU
$22.4B
$18.2M 3.7%
+817,588
New +$18.9M
UUP icon
6
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$424M
$5.18M 1.06%
200,000
– –
EWJ icon
7
PUT
iShares MSCI Japan ETF
EWJ
$22.5B
$3.76M 0.77%
+75,000
New +$3.59M
IBB icon
8
iShares Biotechnology ETF
IBB
$9.53B
$993K 0.2%
+8,670
New +$956K
EPI icon
9
WisdomTree India Earnings Fund ETF
EPI
$2.05B
$616K 0.13%
27,000
-43,000
-61% -$1M
AMLP icon
10
Alerian MLP ETF
AMLP
$12.9B
– –
-20,000
Closed -$1.75M
EWA icon
11
iShares MSCI Australia ETF
EWA
$1.44B
– –
-65,700
Closed -$1.46M
EWA icon
12
PUT
iShares MSCI Australia ETF
EWA
$1.44B
– –
-200,000
Closed -$4.43M
EWC icon
13
PUT
iShares MSCI Canada ETF
EWC
$6.26B
– –
-100,000
Closed -$2.89M
FXI icon
14
iShares China Large-Cap ETF
FXI
$4.29B
– –
-38,600
Closed -$1.61M
FXI icon
15
PUT
iShares China Large-Cap ETF
FXI
$4.29B
– –
-300,000
Closed -$12.5M
HYG icon
16
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
– –
-400,000
Closed -$35.8M
SPY icon
17
State Street SPDR S&P 500 ETF Trust
SPY
$818B
– –
-322,250
Closed -$66.5M
XME icon
18
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.22B
– –
-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

LL
LMDAGG LLC San Francisco, California $74.7M AUM 111.16% 1-Year Est. Return
KCM
Key Colony Management Little Rock, Arkansas $73.7M AUM 49.85% 1-Year Est. Return
ARMT
Amica Retiree Medical Trust Lincoln, Rhode Island $73.2M AUM 17.33% 1-Year Est. Return
CSC
Cove Street Capital El Segundo, California $76.6M AUM 36% 1-Year Est. Return
LC
Lodbrok Capital London, United Kingdom $77.2M AUM 4.88% 1-Year Est. Return
CM
Certares Management New York $77.3M AUM 12.22% 1-Year Est. Return
KDIA
KPCB DGF II Associates Menlo Park, California $78.6M AUM 104.26% 1-Year Est. Return
ASM
ATW SPAC Management New York $79.2M AUM 10.61% 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 $84.9M 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.