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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
0%
1 Year Est. Return
+91.31%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$953M
AUM Growth
+$583M
Cap. Flow
+$578M
Cap. Flow %
60.7%
Top 10 Hldgs %
100%
Holding
14
New
2
Increased
2
Reduced
–
Closed
8

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$4.04M
2
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$3.5M
3
AMLP icon
Alerian MLP ETF
AMLP
+$3.45M
4
OIH icon
VanEck Oil Services ETF
OIH
+$741K

Sector Composition

Rank Sector Weight
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$623M 65.4%
2,100,000
+1,559,000
+288% +$461M
IWM icon
2
CALL
iShares Russell 2000 ETF
IWM
$79.8B
$151M 15.88%
+1,000,000
New +$153M
SPY icon
3
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$97.9M 10.28%
330,000
+202,000
+158% +$59.7M
SMH icon
4
PUT
VanEck Semiconductor ETF
SMH
$67.6B
$59.6M 6.25%
+1,000,000
New +$57.8M
EMB icon
5
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$14.2M 1.49%
125,000
– –
EWA icon
6
PUT
iShares MSCI Australia ETF
EWA
$1.34B
$6.67M 0.7%
300,000
– –
AMLP icon
7
Alerian MLP ETF
AMLP
$12.9B
– –
-70,000
Closed -$3.45M
EEM icon
8
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.5B
– –
-500,000
Closed -$21.5M
GDXJ icon
9
VanEck Junior Gold Miners ETF
GDXJ
$7.06B
– –
-100,000
Closed -$3.5M
IYT icon
10
PUT
iShares US Transportation ETF
IYT
$2.33B
– –
-780,000
Closed -$36.7M
OIH icon
11
VanEck Oil Services ETF
OIH
$2.1B
– –
-2,500
Closed -$741K
QQQ icon
12
Invesco QQQ Trust
QQQ
$450B
– –
-21,630
Closed -$4.04M
VXX icon
13
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$162M
– –
-8,103
Closed -$13.5M
XLP icon
14
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.1B
– –
-1,190,000
Closed -$69.1M

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LL
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KCM
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ARMT
Amica Retiree Medical Trust Lincoln, Rhode Island $73.2M AUM 17.33% 1-Year Est. Return
CSC
Cove Street Capital El Segundo, California $76.6M AUM 36% 1-Year Est. Return
LC
Lodbrok Capital London, United Kingdom $77.2M AUM 4.88% 1-Year Est. Return
CM
Certares Management New York $77.3M AUM 12.22% 1-Year Est. Return
KDIA
KPCB DGF II Associates Menlo Park, California $78.6M AUM 104.26% 1-Year Est. Return
ASM
ATW SPAC Management New York $79.2M AUM 10.67% 1-Year Est. Return

Thiel Macro's Q3 2019 Portfolio in Review

As of Q3 2019, Thiel Macro held 14 positions worth $953M, up 158% from $369M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Thiel Macro deployed $578M of net new capital in Q3 2019, opening 2 new positions and adding to 2 existing holdings.

On the sell side, the most notable exit was Invesco QQQ Trust, an estimated $4.04M sold.

  • Thiel Macro fully exited Invesco QQQ Trust in Q3 2019, selling an estimated $4.04M.
  • Thiel Macro's ten largest holdings make up 100% of its $953M portfolio in Q3 2019.
  • Thiel Macro opened 2 new positions and closed 8 in Q3 2019.
  • Thiel Macro's portfolio value rose 158% quarter-over-quarter to $953M.

Based on Thiel Macro's 13F filing for Q3 2019, filed 14 Nov 2019.