We are live on
!
Find out more
TM
Thiel Macro Portfolio holdings
AUM
$419M
This Fund
S&P 500
This Quarter
Est. Return
+5.86%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$863M
AUM Growth
+$113M
(+15%)
Cap. Flow
-$29.8M
Cap. Flow
% of AUM
-3.46%
Top 10 Holdings %
Top 10 Hldgs %
92.56%
Holding
24
New
12
Increased
4
Reduced
4
Closed
4
Avg Time Held Equity + Options
0.8
quarters
Top 10 Avg Time Held Equity + Options
0.9
quarters
Top 20 Avg Time Held Equity + Options
0.8
quarters
Avg Time Held Equity only
1.3
quarters
Top 10 Avg Time Held Equity only
1.3
quarters
Top 20 Avg Time Held Equity only
1.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$10.7M |
| 2 |
GREK
Global X MSCI Greece ETF
GREK
|
+$5.07M |
| 3 |
VanEck Oil Services ETF
OIH
|
+$4.28M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$3.29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$46.6M |
| 2 |
Cameco
CCJ
|
+$3.76M |
| 3 |
Alerian MLP ETF
AMLP
|
+$1.52M |
| 4 |
ProShares Short VIX Short-Term Futures ETF
SVXY
|
+$1.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 100% |
| 2 | Consumer Discretionary | 0% |
| 3 | Energy | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$828B
| $366M | 42.46% |
1,350,000
+120,000
| +10% | +$32.4M |
2018 Q1
1 quarter
|
|
|
2
PUT
Invesco QQQ Trust
QQQ
$504B
| $172M | 19.9% |
+1,000,000
| New | +$168M |
2018 Q2
0 quarters
|
|
|
3
CALL
Invesco QQQ Trust
QQQ
$504B
| $120M | 13.93% |
700,000
-302,000
| -30% | -$50.6M |
2017 Q2
4 quarters
|
|
4
CALL
iShares Russell 2000 ETF
IWM
$77.1B
| $29.5M | 3.42% |
+180,000
| New | +$28.8M |
2018 Q2
0 quarters
|
|
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$828B
| $27.1M | 3.15% |
+100,000
| New | +$27M |
2018 Q2
0 quarters
|
|
6
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.6B
| $21.7M | 2.51% |
500,000
-1,015,900
| -67% | -$47M |
2017 Q4
2 quarters
|
|
|
7
VanEck Oil Services ETF
OIH
$1.86B
| $17.1M | 1.98% |
32,500
+8,000
| +33% | +$4.28M |
2017 Q1
5 quarters
|
|
|
8
PUT
iShares Russell 2000 ETF
IWM
$77.1B
| $16.4M | 1.9% |
+100,000
| New | +$16M |
2018 Q2
0 quarters
|
|
|
9
CALL
VanEck Oil Services ETF
OIH
$1.86B
| $15.8M | 1.83% |
30,000
+28,125
| +1,500% | +$15.1M |
2018 Q1
1 quarter
|
|
10
PUT
iShares China Large-Cap ETF
FXI
$3.86B
| $12.9M | 1.49% |
+300,000
| New | +$14M |
2018 Q2
0 quarters
|
|
|
11
VanEck Junior Gold Miners ETF
GDXJ
$8.17B
| $11.4M | 1.33% |
350,000
+100,000
| +40% | +$3.29M |
2018 Q1
1 quarter
|
|
|
12
CALL
Cameco
CCJ
$37.9B
| $11.3M | 1.3% |
+1,000,000
| New | +$10.9M |
2018 Q2
0 quarters
|
|
|
13
Invesco QQQ Trust
QQQ
$504B
| $11M | 1.27% |
+63,800
| New | +$10.7M |
2018 Q2
0 quarters
|
|
|
VXX
14
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $7.4M | 0.86% |
+200,000
| New | +$7.74M |
2018 Q2
0 quarters
|
|
|
15
Alerian MLP ETF
AMLP
$12.9B
| $5.55M | 0.64% |
110,000
-30,000
| -21% | -$1.52M |
2018 Q1
1 quarter
|
|
|
GREK
16
Global X MSCI Greece ETF
GREK
$320M
| $4.74M | 0.55% |
+173,100
| New | +$5.07M |
2018 Q2
0 quarters
|
|
17
PUT
State Street SPDR S&P Retail ETF
XRT
$394M
| $3.88M | 0.45% |
+80,000
| New | +$3.73M |
2018 Q2
0 quarters
|
|
|
GREK
18
CALL
Global X MSCI Greece ETF
GREK
$320M
| $3.52M | 0.41% |
+128,700
| New | +$3.77M |
2018 Q2
0 quarters
|
|
19
PUT
iShares MSCI Canada ETF
EWC
$7.02B
| $2.85M | 0.33% |
+100,000
| New | +$2.84M |
2018 Q2
0 quarters
|
|
|
20
ProShares Short VIX Short-Term Futures ETF
SVXY
$262M
| $2.54M | 0.29% |
100,000
-50,000
| -33% | -$1.28M |
2018 Q1
1 quarter
|
|
|
21
Alibaba
BABA
$263B
| – | – |
-254,000
| Closed | -$46.6M | – |
|
|
22
Cameco
CCJ
$37.9B
| – | – |
-345,000
| Closed | -$3.76M | – |
|
23
CALL
iShares MSCI Mexico ETF
EWW
$1.49B
| – | – |
-13,500
| Closed | -$696K | – |
|
24
CALL
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
| – | – |
-4,020,000
| Closed | -$111M | – |
|
Similar funds
KFS
DAS
SB
NTCM
NECFA
XWM
CWM
RBFC
Thiel Macro's Q2 2018 Portfolio in Review
As of Q2 2018, Thiel Macro held 24 positions worth $863M, up 15% from $749M the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Thiel Macro withdrew a net $29.8M in Q2 2018, closing 4 positions and reducing 4 holdings. Its most notable exit was Alibaba, an estimated $46.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 100% of assets, up from 93% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Thiel Macro opened a new position in Invesco QQQ Trust worth $11M.
- Thiel Macro's largest Q2 2018 buy was Invesco QQQ Trust: 63,800 shares worth $11M.
- Thiel Macro added most to VanEck Oil Services ETF in Q2 2018, an estimated $4.28M increase.
- Thiel Macro's biggest Q2 2018 reduction was Alerian MLP ETF, cutting an estimated $1.52M.
- Thiel Macro fully exited Alibaba in Q2 2018, selling an estimated $46.6M.
- Thiel Macro's ten largest holdings make up 93% of its $863M portfolio in Q2 2018.
- Thiel Macro opened 12 new positions and closed 4 in Q2 2018.
- Thiel Macro's portfolio value rose 15% quarter-over-quarter to $863M.
Based on Thiel Macro's 13F filing for Q2 2018, filed 14 Aug 2018.