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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
+1.34%
1 Year Est. Return
+91.31%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$648M
AUM Growth
+$158M
Cap. Flow
+$167M
Cap. Flow %
25.8%
Top 10 Hldgs %
100%
Holding
14
New
5
Increased
4
Reduced
–
Closed
4

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$12.4M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$11.1M
3
IBB icon
iShares Biotechnology ETF
IBB
+$6.5M

Top Sells

Rank Stock Value
1
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$18.2M
2
EPI icon
WisdomTree India Earnings Fund ETF
EPI
+$616K

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
$470M 72.53%
4,390,000
+1,010,000
+30% +$110M
VXX
2
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$56.5M 8.72%
175,750
+50,000
+40% +$16.3M
SPY icon
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$818B
$41.2M 6.35%
200,000
+50,000
+33% +$10.5M
XHB icon
4
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.53B
$22M 3.39%
600,000
– –
QQQ icon
5
PUT
Invesco QQQ Trust
QQQ
$479B
$21.4M 3.3%
+200,000
New +$21.7M
SPY icon
6
State Street SPDR S&P 500 ETF Trust
SPY
$818B
$12.2M 1.88%
+59,050
New +$12.4M
EEM icon
7
iShares MSCI Emerging Markets ETF
EEM
$29.2B
$10.5M 1.63%
+266,100
New +$11.1M
IBB icon
8
iShares Biotechnology ETF
IBB
$9.53B
$7.75M 1.2%
63,000
+54,330
+627% +$6.5M
VXX
9
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$4.02M 0.62%
+12,500
New +$4.07M
XLF icon
10
CALL
State Street Financial Select Sector SPDR ETF
XLF
$58.4B
$2.44M 0.38%
+113,915
New +$2.46M
EPI icon
11
WisdomTree India Earnings Fund ETF
EPI
$2.05B
– –
-27,000
Closed -$616K
EWJ icon
12
PUT
iShares MSCI Japan ETF
EWJ
$22.5B
– –
-75,000
Closed -$3.76M
UUP icon
13
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$424M
– –
-200,000
Closed -$5.18M
XLU icon
14
State Street Utilities Select Sector SPDR ETF
XLU
$22.4B
– –
-817,588
Closed -$18.2M

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LL
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KCM
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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 Q2 2015 Portfolio in Review

As of Q2 2015, Thiel Macro held 14 positions worth $648M, up 32% from $490M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Thiel Macro deployed $167M of net new capital in Q2 2015, opening 5 new positions and adding to 4 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 59,050 shares worth $12.2M.

On the sell side, the most notable exit was State Street Utilities Select Sector SPDR ETF, an estimated $18.2M sold.

  • Thiel Macro's largest Q2 2015 buy was State Street SPDR S&P 500 ETF Trust: 59,050 shares worth $12.2M.
  • Thiel Macro added most to iShares Biotechnology ETF in Q2 2015, an estimated $6.5M increase.
  • Thiel Macro fully exited State Street Utilities Select Sector SPDR ETF in Q2 2015, selling an estimated $18.2M.
  • Thiel Macro's ten largest holdings make up 100% of its $648M portfolio in Q2 2015.
  • Thiel Macro opened 5 new positions and closed 4 in Q2 2015.
  • Thiel Macro's portfolio value rose 32% quarter-over-quarter to $648M.

Based on Thiel Macro's 13F filing for Q2 2015, filed 14 Aug 2015.