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TM

Thiel Macro Portfolio holdings

AUM $419M
This Fund
S&P 500
This Quarter Est. Return
+2.98%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$369M
AUM Growth
+$90.5M
Cap. Flow
-$3.29M
Cap. Flow %
-0.89%
Top 10 Hldgs %
98.87%
Holding
16
New
7
Increased
1
Reduced
4
Closed
4
Avg Time Held Equity + Options
2.3 quarters
Top 10 Avg Time Held Equity + Options
1.1 quarters
Top 20 Avg Time Held Equity + Options
2.3 quarters
Avg Time Held Equity only
4.8 quarters
Top 10 Avg Time Held Equity only
4.8 quarters
Top 20 Avg Time Held Equity only
4.8 quarters

Top Buys

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$3.98M

Top Sells

Rank Stock Value
1
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$3.05M
2
LEN icon
Lennar Class A
LEN
+$2.46M
3
AMLP icon
Alerian MLP ETF
AMLP
+$989K
4
OIH icon
VanEck Oil Services ETF
OIH
+$779K

Sector Composition

Rank Sector Weight
1 Miscellaneous 100%
2 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$828B
$159M 42.91%
541,000
+266,000
+97% +$76.6M
2018 Q2
4 quarters
XLP icon
2
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$13.7B
$69.1M 18.71%
+1,190,000
New +$68.1M
2019 Q2
0 quarters
SPY icon
3
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$828B
$37.5M 10.15%
128,000
-122,000
-49% -$35.1M
2018 Q1
5 quarters
IYT icon
4
PUT
iShares US Transportation ETF
IYT
$1.95B
$36.7M 9.93%
+780,000
New +$36.8M
2019 Q2
0 quarters
EEM icon
5
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.6B
$21.5M 5.81%
+500,000
New +$21.2M
2019 Q2
0 quarters
EMB icon
6
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$12.9B
$14.2M 3.83%
+125,000
New +$13.8M
2019 Q2
0 quarters
VXX icon
7
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$125M
$13.5M 3.65%
+8,103
New +$14.4M
2019 Q2
0 quarters
EWA icon
8
PUT
iShares MSCI Australia ETF
EWA
$1.2B
$6.76M 1.83%
+300,000
New +$6.57M
2019 Q2
0 quarters
QQQ icon
9
Invesco QQQ Trust
QQQ
$504B
$4.04M 1.09%
+21,630
New +$3.98M
2019 Q2
0 quarters
GDXJ icon
10
VanEck Junior Gold Miners ETF
GDXJ
$8.17B
$3.5M 0.95%
100,000
-100,000
-50% -$3.05M
2018 Q1
5 quarters
AMLP icon
11
Alerian MLP ETF
AMLP
$12.9B
$3.45M 0.93%
70,000
-20,000
-22% -$989K
2018 Q1
5 quarters
OIH icon
12
VanEck Oil Services ETF
OIH
$1.86B
$741K 0.2%
2,500
-2,500
-50% -$779K
2017 Q1
9 quarters
IWN icon
13
CALL
iShares Russell 2000 Value ETF
IWN
$13.9B
– –
-250,000
Closed -$30M –
LEN icon
14
Lennar Class A
LEN
$18.5B
– –
-51,650
Closed -$2.46M –
QQQ icon
15
PUT
Invesco QQQ Trust
QQQ
$504B
– –
-372,700
Closed -$67M –
SMH icon
16
PUT
VanEck Semiconductor ETF
SMH
$74.4B
– –
-350,000
Closed -$18.6M –

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 Q2 2019 Portfolio in Review

As of Q2 2019, Thiel Macro held 16 positions worth $369M, up 32% from $279M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Thiel Macro's Q2 2019 filing shows 7 new, 1 increased, 4 reduced and 4 closed positions. Its largest new stake was Invesco QQQ Trust: 21,630 shares worth $4.04M. The largest sale was VanEck Junior Gold Miners ETF, an estimated $3.05M.

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

  • Thiel Macro's largest Q2 2019 buy was Invesco QQQ Trust: 21,630 shares worth $4.04M.
  • Thiel Macro's biggest Q2 2019 reduction was VanEck Junior Gold Miners ETF, cutting an estimated $3.05M.
  • Thiel Macro fully exited Lennar Class A in Q2 2019, selling an estimated $2.46M.
  • Thiel Macro's ten largest holdings make up 99% of its $369M portfolio in Q2 2019.
  • Thiel Macro opened 7 new positions and closed 4 in Q2 2019.
  • Thiel Macro's portfolio value rose 32% quarter-over-quarter to $369M.

Based on Thiel Macro's 13F filing for Q2 2019, filed 14 Aug 2019.