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TM

Thiel Macro Portfolio holdings

AUM $419M
This Fund
S&P 500
This Quarter Est. Return
-2.11%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$511M
AUM Growth
-$352M
Cap. Flow
-$206K
Cap. Flow %
-0.04%
Top 10 Hldgs %
95.6%
Holding
28
New
8
Increased
2
Reduced
6
Closed
9
Avg Time Held Equity + Options
1.3 quarters
Top 10 Avg Time Held Equity + Options
1.2 quarters
Top 20 Avg Time Held Equity + Options
1.3 quarters
Avg Time Held Equity only
1.2 quarters
Top 10 Avg Time Held Equity only
1.2 quarters
Top 20 Avg Time Held Equity only
1.2 quarters

Top Buys

Rank Stock Value
1
KBE icon
State Street SPDR S&P Bank ETF
KBE
+$16.1M
2
AMZN icon
Amazon
AMZN
+$2.82M
3
KRE icon
State Street SPDR S&P Regional Banking ETF
KRE
+$2.03M
4
EWW icon
iShares MSCI Mexico ETF
EWW
+$506K
5
WFC icon
Wells Fargo
WFC
+$285K

Top Sells

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$11.5M
2
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$5.19M
3
SVXY icon
ProShares Short VIX Short-Term Futures ETF
SVXY
+$2.54M
4
OIH icon
VanEck Oil Services ETF
OIH
+$1.95M
5
GREK
Global X MSCI Greece ETF
GREK
+$699K

Sector Composition

Rank Sector Weight
1 Miscellaneous 99.36%
2 Consumer Discretionary 0.59%
3 Financials 0.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SPY icon
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$828B
$218M 42.69%
750,000
-600,000
-44% -$171M
2018 Q1
2 quarters
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$828B
$145M 28.46%
500,000
+400,000
+400% +$114M
2018 Q2
1 quarter
HYG icon
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.3B
$30.3M 5.92%
+350,000
New +$30.1M
2018 Q3
0 quarters
IWM icon
4
PUT
iShares Russell 2000 ETF
IWM
$77.1B
$16.9M 3.3%
100,000
– –
2018 Q2
1 quarter
IWN icon
5
PUT
iShares Russell 2000 Value ETF
IWN
$13.9B
$16.6M 3.25%
+125,000
New +$16.8M
2018 Q3
0 quarters
KBE icon
6
State Street SPDR S&P Bank ETF
KBE
$1.49B
$15.4M 3.01%
+330,000
New +$16.1M
2018 Q3
0 quarters
OIH icon
7
VanEck Oil Services ETF
OIH
$1.86B
$14.4M 2.82%
28,625
-3,875
-12% -$1.95M
2017 Q1
6 quarters
GREK
8
CALL
Global X MSCI Greece ETF
GREK
$320M
$12.8M 2.5%
514,033
+385,333
+299% +$10.2M
2018 Q2
1 quarter
QQQ icon
9
CALL
Invesco QQQ Trust
QQQ
$504B
$12.7M 2.49%
68,500
-631,500
-90% -$114M
2017 Q2
5 quarters
AMLP icon
10
Alerian MLP ETF
AMLP
$12.9B
$5.87M 1.15%
110,000
– –
2018 Q1
2 quarters
GDXJ icon
11
VanEck Junior Gold Miners ETF
GDXJ
$8.17B
$4.79M 0.94%
175,000
-175,000
-50% -$5.19M
2018 Q1
2 quarters
OIH icon
12
CALL
VanEck Oil Services ETF
OIH
$1.86B
$4.28M 0.84%
8,500
-21,500
-72% -$10.8M
2018 Q1
2 quarters
GREK
13
Global X MSCI Greece ETF
GREK
$320M
$3.65M 0.71%
146,668
-26,432
-15% -$699K
2018 Q2
1 quarter
AMZN icon
14
Amazon
AMZN
$2.74T
$3M 0.59%
+30,000
New +$2.82M
2018 Q3
0 quarters
EWC icon
15
PUT
iShares MSCI Canada ETF
EWC
$7.02B
$2.88M 0.56%
100,000
– –
2018 Q2
1 quarter
KRE icon
16
State Street SPDR S&P Regional Banking ETF
KRE
$3.62B
$1.93M 0.38%
+32,500
New +$2.03M
2018 Q3
0 quarters
EEM icon
17
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.6B
$1.18M 0.23%
+27,500
New +$1.19M
2018 Q3
0 quarters
EWW icon
18
iShares MSCI Mexico ETF
EWW
$1.49B
$512K 0.1%
+10,000
New +$506K
2018 Q3
0 quarters
WFC icon
19
Wells Fargo
WFC
$248B
$263K 0.05%
+5,000
New +$285K
2018 Q3
0 quarters
CCJ icon
20
CALL
Cameco
CCJ
$37.9B
– –
-1,000,000
Closed -$11.3M –
EEM icon
21
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.6B
– –
-500,000
Closed -$21.7M –
FXI icon
22
PUT
iShares China Large-Cap ETF
FXI
$3.86B
– –
-300,000
Closed -$12.9M –
IWM icon
23
CALL
iShares Russell 2000 ETF
IWM
$77.1B
– –
-180,000
Closed -$29.5M –
QQQ icon
24
Invesco QQQ Trust
QQQ
$504B
– –
-63,800
Closed -$11.5M –
QQQ icon
25
PUT
Invesco QQQ Trust
QQQ
$504B
– –
-1,000,000
Closed -$172M –
1
2

Similar funds

KFS
Kurt F. Somerville $419M AUM 40.58% 1-Year Est. Return
DAS
Daybright Advisory Services Miami, Florida $419M AUM
SB
Sunflower Bank Dallas, Texas $418M AUM 23.68% 1-Year Est. Return
NTCM
Nut Tree Capital Management New York $419M AUM 65.06% 1-Year Est. Return
NECFA
New England Capital Financial Advisors Meriden, Connecticut $418M AUM 16.7% 1-Year Est. Return
XWM
Xcel Wealth Management Holly Hill, Florida $419M AUM 30.44% 1-Year Est. Return
CWM
Centurion Wealth Management Mclean, Virginia $418M AUM 23.14% 1-Year Est. Return
RBFC
Roman Butler Fullerton & Co St Louis, Missouri $419M AUM 31.15% 1-Year Est. Return

Thiel Macro's Q3 2018 Portfolio in Review

As of Q3 2018, Thiel Macro held 28 positions worth $511M, down 41% from $863M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Thiel Macro's Q3 2018 filing shows 8 new, 2 increased, 6 reduced and 9 closed positions. Its largest new stake was State Street SPDR S&P Bank ETF: 330,000 shares worth $15.4M. The largest sale was Invesco QQQ Trust, an estimated $11.5M.

By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, down from 100% a quarter earlier, followed by Consumer Discretionary and Financials.

  • Thiel Macro's largest Q3 2018 buy was State Street SPDR S&P Bank ETF: 330,000 shares worth $15.4M.
  • Thiel Macro's biggest Q3 2018 reduction was VanEck Junior Gold Miners ETF, cutting an estimated $5.19M.
  • Thiel Macro fully exited Invesco QQQ Trust in Q3 2018, selling an estimated $11.5M.
  • Thiel Macro's ten largest holdings make up 96% of its $511M portfolio in Q3 2018.
  • Thiel Macro opened 8 new positions and closed 9 in Q3 2018.
  • Thiel Macro's portfolio value fell 41% quarter-over-quarter to $511M.

Based on Thiel Macro's 13F filing for Q3 2018, filed 14 Nov 2018.