Thiel Macro LLC
Institutional investor · Portfolio as of Q4 2018
Top Holdings13 positions
 STATE STR SPDR S&P 500 ETF T | 1.3M | $331.1M | 50.7% | — | — | — | Increased Unranked |
STATE STR SPDR S&P 500 ETF T | 900,000 | $224.9M | 34.4% | — | — | — | Increased Unranked |
 ISHARES TR | 400,000 | $53.6M | 8.2% | — | — | — | Increased — |
 GLOBAL X FDS | 1.6M | $10.9M | 1.7% | — | — | — | Increased — |
 ISHARES TR | 200,000 | $8.4M | 1.3% | $34.12 | +10.27% | 1 qtr | New 66 |
 VANECK ETF TRUST | 250,000 | $7.6M | 1.2% | $28.58 | -4.28% | 4 qtrssince 2018-Q1 | Increased 61 |
 Lennar Corporation | 150,000 | $5.9M | 0.9% | $34.05 | 0.00% | 1 qtr | New 56 |
 ALERIAN MLP ETF | 450,000 | $3.9M | 0.6% | $22.76 | -1.30% | 4 qtrssince 2018-Q1 | Decreased 0 |
 ISHARES INC | 100,000 | $2.4M | 0.4% | — | — | — | Unchanged — |
 VANECK VECTORS ETF TR | 150,000 | $2.1M | 0.3% | — | — | — | Decreased — |
VANECK VECTORS ETF TR | 100,000 | $1.4M | 0.2% | $448.85 | -43.77% | 8 qtrssince 2017-Q1 | Decreased 0 |
 ISHARES INC | 20,000 | $1.2M | 0.2% | $51.48 | +3.55% | 1 qtr | New 45 |
GLOBAL X FDS | 40,844 | $282,000 | 0.0% | $21.58 | -9.80% | 3 qtrssince 2018-Q2 | Decreased 0 |
| 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% |
| 2018-Q4 | $653,670,000 | 27.9711038675% |
Thiel Macro LLC manages $653.7M across 13 positions as of Q4 2018. Top holdings: SPY calls (50.7%), SPY puts (34.4%), IWM puts (8.2%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.
Added ACWX, LEN and EWY; exited KBE, AMZN, KRE and 2 more; increased 1, led by GDXJ (+75,000 shares); trimmed 3, led by OIH (−472,500 shares). Top move: ACWX (NEW, conviction 66). Portfolio: $654M across 13 positions.
Top holdings by portfolio weight
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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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Positions with 2+ consecutive quarters of increases - persistent directional conviction.
No active accumulation streaks detected for this filer.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
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