We are live on ! Find out more
TM

Thiel Macro Portfolio holdings

AUM $74.4M
1-Year Est. Return 91.31%
This Fund
S&P 500
This Quarter Est. Return
-0.08%
1 Year Est. Return
+91.31%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$516M
AUM Growth
-$290M
Cap. Flow
-$361M
Cap. Flow %
-69.87%
Top 10 Hldgs %
100%
Holding
17
New
1
Increased
2
Reduced
3
Closed
9

Top Buys

Rank Stock Value
1
OIH icon
VanEck Oil Services ETF
OIH
+$3.1M

Top Sells

Rank Stock Value
1
GDX icon
VanEck Gold Miners ETF
GDX
+$88.7M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$2.84M
3
XOP icon
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
+$1.84M
4
ITA icon
iShares US Aerospace & Defense ETF
ITA
+$1.78M

Sector Composition

Rank Sector Weight
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SVXY icon
1
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$206M
$244M 47.19%
950,000
– –
EEM icon
2
CALL
iShares MSCI Emerging Markets ETF
EEM
$29.2B
$118M 22.82%
+2,500,000
New +$116M
QQQ icon
3
CALL
Invesco QQQ Trust
QQQ
$479B
$109M 21.12%
700,000
+400,000
+133% +$61.1M
QQQ icon
4
PUT
Invesco QQQ Trust
QQQ
$479B
$31.2M 6.03%
200,000
-50,000
-20% -$7.63M
VXX
5
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$6.59M 1.28%
235,925
– –
OIH icon
6
VanEck Oil Services ETF
OIH
$1.94B
$6.51M 1.26%
12,500
+6,250
+100% +$3.1M
GDX icon
7
CALL
VanEck Gold Miners ETF
GDX
$25.6B
$1.16M 0.23%
50,000
-150,000
-75% -$3.41M
EWZ icon
8
PUT
iShares MSCI Brazil ETF
EWZ
$9.07B
$405K 0.08%
10,000
-10,000
-50% -$405K
EEM icon
9
iShares MSCI Emerging Markets ETF
EEM
$29.2B
– –
-61,400
Closed -$2.84M
EEM icon
10
PUT
iShares MSCI Emerging Markets ETF
EEM
$29.2B
– –
-257,500
Closed -$11.5M
GDX icon
11
VanEck Gold Miners ETF
GDX
$25.6B
– –
-3,900,000
Closed -$88.7M
ITA icon
12
iShares US Aerospace & Defense ETF
ITA
$14.6B
– –
-20,000
Closed -$1.78M
IWM icon
13
CALL
iShares Russell 2000 ETF
IWM
$82.1B
– –
-200,000
Closed -$29.6M
IWM icon
14
PUT
iShares Russell 2000 ETF
IWM
$82.1B
– –
-717,500
Closed -$106M
SPY icon
15
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$818B
– –
-940,000
Closed -$236M
SPY icon
16
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$818B
– –
-200,000
Closed -$50.2M
XOP icon
17
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.52B
– –
-13,500
Closed -$1.84M

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 Q4 2017 Portfolio in Review

As of Q4 2017, Thiel Macro held 17 positions worth $516M, down 36% from $806M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Thiel Macro withdrew a net $361M in Q4 2017, closing 9 positions and reducing 3 holdings. Its most notable exit was VanEck Gold Miners ETF, an estimated $88.7M position sold in full.

Against the trend, Thiel Macro added an estimated $3.1M to VanEck Oil Services ETF.

  • Thiel Macro added most to VanEck Oil Services ETF in Q4 2017, an estimated $3.1M increase.
  • Thiel Macro fully exited VanEck Gold Miners ETF in Q4 2017, selling an estimated $88.7M.
  • Thiel Macro's ten largest holdings make up 100% of its $516M portfolio in Q4 2017.
  • Thiel Macro opened 1 new position and closed 9 in Q4 2017.
  • Thiel Macro's portfolio value fell 36% quarter-over-quarter to $516M.

Based on Thiel Macro's 13F filing for Q4 2017, filed 14 Feb 2018.