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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
-3.21%
1 Year Est. Return
+91.31%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$749M
AUM Growth
+$233M
Cap. Flow
+$262M
Cap. Flow %
34.98%
Top 10 Hldgs %
99.79%
Holding
17
New
9
Increased
2
Reduced
1
Closed
5

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$47.8M
2
SVXY icon
ProShares Short VIX Short-Term Futures ETF
SVXY
+$17.3M
3
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$8.21M
4
AMLP icon
Alerian MLP ETF
AMLP
+$7.48M
5
OIH icon
VanEck Oil Services ETF
OIH
+$6.21M

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 6.22%
2 Energy 0.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$818B
$324M 43.2%
+1,230,000
New +$336M
QQQ icon
2
CALL
Invesco QQQ Trust
QQQ
$479B
$160M 21.41%
1,002,000
+302,000
+43% +$49.9M
XLF icon
3
CALL
State Street Financial Select Sector SPDR ETF
XLF
$58.4B
$111M 14.79%
+4,020,000
New +$116M
EEM icon
4
CALL
iShares MSCI Emerging Markets ETF
EEM
$29.2B
$73.2M 9.77%
1,515,900
-984,100
-39% -$48.3M
BABA icon
5
Alibaba
BABA
$304B
$46.6M 6.22%
+254,000
New +$47.8M
OIH icon
6
VanEck Oil Services ETF
OIH
$1.94B
$11.7M 1.56%
24,500
+12,000
+96% +$6.21M
GDXJ icon
7
VanEck Junior Gold Miners ETF
GDXJ
$7.86B
$8.04M 1.07%
+250,000
New +$8.21M
AMLP icon
8
Alerian MLP ETF
AMLP
$12.9B
$6.56M 0.88%
+140,000
New +$7.48M
SVXY icon
9
ProShares Short VIX Short-Term Futures ETF
SVXY
$206M
$3.52M 0.47%
+150,000
New +$17.3M
CCJ icon
10
Cameco
CCJ
$40.8B
$3.14M 0.42%
+345,000
New +$3.2M
OIH icon
11
CALL
VanEck Oil Services ETF
OIH
$1.94B
$895K 0.12%
+1,875
New +$970K
EWW icon
12
CALL
iShares MSCI Mexico ETF
EWW
$1.97B
$696K 0.09%
+13,500
New +$693K
EWZ icon
13
PUT
iShares MSCI Brazil ETF
EWZ
$9.07B
– –
-10,000
Closed -$405K
GDX icon
14
CALL
VanEck Gold Miners ETF
GDX
$25.6B
– –
-50,000
Closed -$1.16M
QQQ icon
15
PUT
Invesco QQQ Trust
QQQ
$479B
– –
-200,000
Closed -$31.2M
SVXY icon
16
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$206M
– –
-950,000
Closed -$244M
VXX
17
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
– –
-235,925
Closed -$6.59M

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ARMT
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CSC
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LC
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KDIA
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Thiel Macro's Q1 2018 Portfolio in Review

As of Q1 2018, Thiel Macro held 17 positions worth $749M, up 45% from $516M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Thiel Macro deployed $262M of net new capital in Q1 2018, opening 9 new positions and adding to 2 existing holdings. Its largest new stake was Alibaba: 254,000 shares worth $46.6M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 6.2% of assets, followed by Energy.

  • Thiel Macro's largest Q1 2018 buy was Alibaba: 254,000 shares worth $46.6M.
  • Thiel Macro added most to VanEck Oil Services ETF in Q1 2018, an estimated $6.21M increase.
  • Thiel Macro's ten largest holdings make up 100% of its $749M portfolio in Q1 2018.
  • Thiel Macro opened 9 new positions and closed 5 in Q1 2018.
  • Thiel Macro's portfolio value rose 45% quarter-over-quarter to $749M.

Based on Thiel Macro's 13F filing for Q1 2018, filed 15 May 2018.