ISHARES TR

Ticker: EEM CUSIP: 464287234 Class: MSCI EMG MKT ETF

Thiel Macro LLC's Holding History (CIK: 0001562087)

Note: Option positions (PUT/CALL) are excluded.

Q3 2017

Shares 61,400 Value ($000) $2,752 Avg Close — Range —

Q2 2015

Shares 266,100 Value ($000) $10,543 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	61,400	$2,752	—	—
Q2 2015	266,100	$10,543	—	—