Thiel Macro LLC
Institutional investor · Portfolio as of Q3 2018
Top Holdings19 positions
 STATE STR SPDR S&P 500 ETF T | 750,000 | $218M | 42.7% | — | — | — | Decreased — |
STATE STR SPDR S&P 500 ETF T | 500,000 | $145.4M | 28.5% | — | — | — | Increased Unranked |
 ISHARES TR | 350,000 | $30.3M | 5.9% | — | — | — | New — |
 ISHARES TR | 100,000 | $16.9M | 3.3% | — | — | — | Unchanged — |
 ISHARES TR | 125,000 | $16.6M | 3.3% | — | — | — | New — |
 SPDR SERIES TRUST | 330,000 | $15.4M | 3.0% | $37.48 | -19.22% | 1 qtr | New 81 |
 VANECK VECTORS ETF TR | 572,500 | $14.4M | 2.8% | $448.85 | -1.08% | 7 qtrssince 2017-Q1 | Decreased 0 |
 GLOBAL X FDS | 1.5M | $12.8M | 2.5% | — | — | — | Increased — |
 Invesco QQQ Trust, Series 1 | 68,500 | $12.7M | 2.5% | — | — | — | Decreased — |
 ALERIAN MLP ETF | 550,000 | $5.9M | 1.1% | $22.76 | +18.49% | 3 qtrssince 2018-Q1 | Unchanged 0 |
 VANECK ETF TRUST | 175,000 | $4.8M | 0.9% | $29.11 | -15.31% | 3 qtrssince 2018-Q1 | Decreased 0 |
VANECK VECTORS ETF TR | 170,000 | $4.3M | 0.8% | — | — | — | Decreased — |
GLOBAL X FDS | 440,003 | $3.6M | 0.7% | $21.58 | -9.20% | 2 qtrssince 2018-Q2 | Decreased 0 |
 Amazon.com, Inc. | 1,500 | $3M | 0.6% | $100.15 | 0.00% | 1 qtr | New 54 |
 ISHARES INC | 100,000 | $2.9M | 0.6% | — | — | — | Unchanged — |
 SPDR SERIES TRUST | 32,500 | $1.9M | 0.4% | $47.68 | -20.71% | 1 qtr | New 46 |
 ISHARES TR | 27,500 | $1.2M | 0.2% | — | — | — | New — |
 ISHARES INC | 10,000 | $512,000 | 0.1% | $40.92 | -18.86% | 1 qtr | New 43 |
 Wells Fargo & Company | 5,000 | $263,000 | 0.1% | $42.00 | -11.62% | 1 qtr | New 35 |
| Quarter | Reported value in US dollars | Reported value change |
|---|---|---|
| 2018-Q1 | $749,305,000 | 25.6396799421% |
| 2018-Q2 | $862,558,000 | 15.1144060162% |
| 2018-Q3 | $510,795,000 | -40.7813735424% |
Thiel Macro LLC manages $510.8M across 19 positions as of Q3 2018. Top holdings: SPY calls (42.7%), SPY puts (28.5%), HYG puts (5.9%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.
Added KBE, AMZN, KRE and 2 more; exited QQQ and Proshares Tr II; trimmed 3, led by OIH (−77,500 shares). Top move: KBE (NEW, conviction 81). Portfolio: $511M across 19 positions.
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Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
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