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TM

Thiel Macro Portfolio holdings

AUM $419M
This Fund
S&P 500
This Quarter Est. Return
-9.49%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$654M
AUM Growth
+$143M
Cap. Flow
-$15.9M
Cap. Flow %
-2.44%
Top 10 Hldgs %
99.56%
Holding
22
New
3
Increased
5
Reduced
4
Closed
9
Avg Time Held Equity + Options
2.2 quarters
Top 10 Avg Time Held Equity + Options
0.9 quarters
Top 20 Avg Time Held Equity + Options
2.2 quarters
Avg Time Held Equity only
2.1 quarters
Top 10 Avg Time Held Equity only
2.1 quarters
Top 20 Avg Time Held Equity only
2.1 quarters

Top Buys

Rank Stock Value
1
ACWX icon
iShares MSCI ACWI ex US ETF
ACWX
+$8.82M
2
LEN icon
Lennar Class A
LEN
+$6.32M
3
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$2.11M
4
EWY icon
iShares MSCI South Korea ETF
EWY
+$1.21M

Top Sells

Rank Stock Value
1
KBE icon
State Street SPDR S&P Bank ETF
KBE
+$15.4M
2
OIH icon
VanEck Oil Services ETF
OIH
+$9.34M
3
AMZN icon
Amazon
AMZN
+$3M
4
GREK
Global X MSCI Greece ETF
GREK
+$3M
5
KRE icon
State Street SPDR S&P Regional Banking ETF
KRE
+$1.93M

Sector Composition

Rank Sector Weight
1 Miscellaneous 99.1%
2 Consumer Discretionary 0.9%
3 Financials 0%
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
$331M 50.66%
1,325,000
+575,000
+77% +$155M
2018 Q1
3 quarters
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$828B
$225M 34.41%
900,000
+400,000
+80% +$108M
2018 Q2
2 quarters
IWM icon
3
PUT
iShares Russell 2000 ETF
IWM
$77.1B
$53.6M 8.19%
400,000
+300,000
+300% +$44.8M
2018 Q2
2 quarters
GREK
4
CALL
Global X MSCI Greece ETF
GREK
$320M
$10.9M 1.67%
527,833
+13,800
+3% +$311K
2018 Q2
2 quarters
ACWX icon
5
iShares MSCI ACWI ex US ETF
ACWX
$17.4B
$8.39M 1.28%
+200,000
New +$8.82M
2018 Q4
0 quarters
GDXJ icon
6
VanEck Junior Gold Miners ETF
GDXJ
$8.17B
$7.55M 1.16%
250,000
+75,000
+43% +$2.11M
2018 Q1
3 quarters
LEN icon
7
Lennar Class A
LEN
$18.5B
$5.87M 0.9%
+154,950
New +$6.32M
2018 Q4
0 quarters
AMLP icon
8
Alerian MLP ETF
AMLP
$12.9B
$3.93M 0.6%
90,000
-20,000
-18% -$981K
2018 Q1
3 quarters
EWC icon
9
PUT
iShares MSCI Canada ETF
EWC
$7.02B
$2.4M 0.37%
100,000
– –
2018 Q2
2 quarters
OIH icon
10
CALL
VanEck Oil Services ETF
OIH
$1.86B
$2.1M 0.32%
7,500
-1,000
-12% -$395K
2018 Q1
3 quarters
OIH icon
11
VanEck Oil Services ETF
OIH
$1.86B
$1.4M 0.21%
5,000
-23,625
-83% -$9.34M
2017 Q1
7 quarters
EWY icon
12
iShares MSCI South Korea ETF
EWY
$25.3B
$1.18M 0.18%
+20,000
New +$1.21M
2018 Q4
0 quarters
GREK
13
Global X MSCI Greece ETF
GREK
$320M
$282K 0.04%
13,615
-133,053
-91% -$3M
2018 Q2
2 quarters
AMZN icon
14
Amazon
AMZN
$2.74T
– –
-30,000
Closed -$3M –
EEM icon
15
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.6B
– –
-27,500
Closed -$1.18M –
EWW icon
16
iShares MSCI Mexico ETF
EWW
$1.49B
– –
-10,000
Closed -$512K –
HYG icon
17
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.3B
– –
-350,000
Closed -$30.3M –
IWN icon
18
PUT
iShares Russell 2000 Value ETF
IWN
$13.9B
– –
-125,000
Closed -$16.6M –
KBE icon
19
State Street SPDR S&P Bank ETF
KBE
$1.49B
– –
-330,000
Closed -$15.4M –
KRE icon
20
State Street SPDR S&P Regional Banking ETF
KRE
$3.62B
– –
-32,500
Closed -$1.93M –
QQQ icon
21
CALL
Invesco QQQ Trust
QQQ
$504B
– –
-68,500
Closed -$12.7M –
WFC icon
22
Wells Fargo
WFC
$248B
– –
-5,000
Closed -$263K –

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 Q4 2018 Portfolio in Review

As of Q4 2018, Thiel Macro held 22 positions worth $654M, up 28% from $511M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Thiel Macro's Q4 2018 filing shows 3 new, 5 increased, 4 reduced and 9 closed positions. Its largest new stake was iShares MSCI ACWI ex US ETF: 200,000 shares worth $8.39M. The largest sale was State Street SPDR S&P Bank ETF, an estimated $15.4M.

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

  • Thiel Macro's largest Q4 2018 buy was iShares MSCI ACWI ex US ETF: 200,000 shares worth $8.39M.
  • Thiel Macro added most to VanEck Junior Gold Miners ETF in Q4 2018, an estimated $2.11M increase.
  • Thiel Macro's biggest Q4 2018 reduction was VanEck Oil Services ETF, cutting an estimated $9.34M.
  • Thiel Macro fully exited State Street SPDR S&P Bank ETF in Q4 2018, selling an estimated $15.4M.
  • Thiel Macro's ten largest holdings make up 100% of its $654M portfolio in Q4 2018.
  • Thiel Macro opened 3 new positions and closed 9 in Q4 2018.
  • Thiel Macro's portfolio value rose 28% quarter-over-quarter to $654M.

Based on Thiel Macro's 13F filing for Q4 2018, filed 14 Feb 2019.