MENLO ADVISORS LLC Long-Term Concentrated

CIK: 0001279708 · Show all filings

Period: Q3 2015 (← Previous) (Next →)

Filing Date: Oct 15, 2015

Total Value: $127M (100.0% shares, 0.0% debt)

Holdings (36)

BRK/B BERKSHIRE HATHAWAY CLASS B 11.9%

Value $15.13M Shares 116,038 Est. Cost $110.46 Unrealized +24.0%

— PROSHARES SHORT S&P 500 ETF 7.9%

Value $10.05M Shares 446,560 Est. Cost $22.51 Unrealized —

MKL MARKEL CORP 5.8%

Value $7.328M Shares 9,139 Est. Cost $526.07 Unrealized +60.8%

AIG AMERICAN INTL GROUP 5.1%

Value $6.476M Shares 113,983 Est. Cost $32.58 Unrealized +44.9%

MSFT MICROSOFT CORP 4.7%

Value $5.955M Shares 134,549 Est. Cost $26.70 Unrealized +45.8%

— HOWARD HUGHES CORP 4.6%

Value $5.909M Shares 51,500 Est. Cost $114.31 Unrealized —

BAC BANK OF AMERICA CORP 4.5%

Value $5.677M Shares 364,425 Est. Cost $10.31 Unrealized +30.4%

— CISCO SYSTEMS INC 3.9%

Value $4.983M Shares 189,841 Est. Cost $24.33 Unrealized —

— MEDTRONIC PLC F 3.9%

Value $4.912M Shares 73,386 Est. Cost $53.51 Unrealized —

— ALLEGHANY CORP DEL 3.7%

Value $4.709M Shares 10,061 Est. Cost $472.15 Unrealized —

— ABBVIE INC 3.5%

Value $4.488M Shares 82,496 Est. Cost $46.39 Unrealized —

— YAHOO INC 3.4%

Value $4.279M Shares 148,037 Est. Cost $27.33 Unrealized —

DDS DILLARDS INC CLASS A 3.2%

Value $4.048M Shares 46,330 Est. Cost $59.94 Unrealized +20.0%

— VODAFONE GROUP F ADR 1 ADR REP 3.2%

Value $4.032M Shares 127,052 Est. Cost $35.35 Unrealized —

— SPDR GOLD SHARES ETF 2.7%

Value $3.497M Shares 32,734 Est. Cost $118.40 Unrealized —

AAPL APPLE INC 2.7%

Value $3.428M Shares 31,086 Est. Cost $18.34 Unrealized +43.3%

GVAL CAMBRIA GLOBAL VALUE ETF 2.6%

Value $3.336M Shares 182,306 Est. Cost $22.63 Unrealized —

— ALPHABET INC CLASS C 2.5%

Value $3.212M Shares 5,280 Est. Cost $566.24 Unrealized —

— LEUCADIA NATIONAL CO 2.3%

Value $2.927M Shares 144,511 Est. Cost $26.22 Unrealized —

GLW CORNING INC 2.2%

Value $2.793M Shares 163,175 Est. Cost $10.49 Unrealized +30.0%

— ALPHABET INC CLASS A 2.2%

Value $2.757M Shares 4,319 Est. Cost $875.83 Unrealized —

QCOM QUALCOMM INC 2.1%

Value $2.669M Shares 49,685 Est. Cost $50.31 Unrealized -12.3%

— HCP INC REIT REIT 2.0%

Value $2.589M Shares 69,529 Est. Cost $45.37 Unrealized —

ABT ABBOTT LABORATORIES 1.7%

Value $2.195M Shares 54,581 Est. Cost $28.85 Unrealized +34.5%

— SPDR NUVEEN BARCLAYS SHORT TER 1.7%

Value $2.12M Shares 87,050 Est. Cost $24.34 Unrealized —

— LIBERTY MEDIA CORP 1.6%

Value $2.044M Shares 59,335 Est. Cost $34.45 Unrealized —

IGSB ISHARES 1-3 YEAR CREDIT BOND E 1.5%

Value $1.968M Shares 18,720 Est. Cost $104.99 Unrealized —

— BIG 5 SPORTING GOODS 1.1%

Value $1.437M Shares 138,473 Est. Cost $16.10 Unrealized —

— TESLA MOTORS INC 0.5%

Value $668K Shares 2,690 Est. Cost $129.86 Unrealized —

IGIB ISHARES INTERM CREDIT BOND ETF 0.5%

Value $583K Shares 5,370 Est. Cost $107.63 Unrealized —

— SOLAR SENIOR CAPITAL 0.2%

Value $308K Shares 21,665 Est. Cost $18.36 Unrealized —

— ISHARES CORE 1 5 YEAR USD BOND 0.2%

Value $250K Shares 2,500 Est. Cost $100.00 Unrealized —

ARAY ACCURAY INC 0.1%

Value $184K Shares 37,000 Est. Cost $5.05 Unrealized +27.1%

— CRIMSON WINE GROUP 0.1%

Value $132K Shares 14,598 Est. Cost $8.50 Unrealized —

— NEW YORK REIT INC REIT 0.1%

Value $106K Shares 10,632 Est. Cost $9.88 Unrealized —

— VEREIT INC REIT 0.1%

Value $98,000 Shares 12,787 Est. Cost $8.06 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	116,038	$15.13M	11.9%	$110.46	+24.0%	COM	084670702
—	PROSHARES SHORT S&P 500 ETF	446,560	$10.05M	7.9%	$22.51	—	COM	74347r503
MKL	MARKEL CORP	9,139	$7.328M	5.8%	$526.07	+60.8%	COM	570535104
AIG	AMERICAN INTL GROUP	113,983	$6.476M	5.1%	$32.58	+44.9%	COM	026874784
MSFT	MICROSOFT CORP	134,549	$5.955M	4.7%	$26.70	+45.8%	COM	594918104
—	HOWARD HUGHES CORP	51,500	$5.909M	4.6%	$114.31	—	COM	44267d107
BAC	BANK OF AMERICA CORP	364,425	$5.677M	4.5%	$10.31	+30.4%	COM	060505104
—	CISCO SYSTEMS INC	189,841	$4.983M	3.9%	$24.33	—	COM	17275r102
—	MEDTRONIC PLC F	73,386	$4.912M	3.9%	$53.51	—	COM	g5960l103
—	ALLEGHANY CORP DEL	10,061	$4.709M	3.7%	$472.15	—	COM	017175100
—	ABBVIE INC	82,496	$4.488M	3.5%	$46.39	—	COM	00287y109
—	YAHOO INC	148,037	$4.279M	3.4%	$27.33	—	COM	984332106
DDS	DILLARDS INC CLASS A	46,330	$4.048M	3.2%	$59.94	+20.0%	COM	254067101
—	VODAFONE GROUP F ADR 1 ADR REP	127,052	$4.032M	3.2%	$35.35	—	COM	92857w308
—	SPDR GOLD SHARES ETF	32,734	$3.497M	2.7%	$118.40	—	UIUS	78463v107
AAPL	APPLE INC	31,086	$3.428M	2.7%	$18.34	+43.3%	COM	037833100
GVAL	CAMBRIA GLOBAL VALUE ETF	182,306	$3.336M	2.6%	$22.63	—	UIUS	132061409
—	ALPHABET INC CLASS C	5,280	$3.212M	2.5%	$566.24	—	COM	02079k107
—	LEUCADIA NATIONAL CO	144,511	$2.927M	2.3%	$26.22	—	COM	527288104
GLW	CORNING INC	163,175	$2.793M	2.2%	$10.49	+30.0%	COM	219350105
—	ALPHABET INC CLASS A	4,319	$2.757M	2.2%	$875.83	—	COM	02079k305
QCOM	QUALCOMM INC	49,685	$2.669M	2.1%	$50.31	-12.3%	COM	747525103
—	HCP INC REIT REIT	69,529	$2.589M	2.0%	$45.37	—	COM	40414l109
ABT	ABBOTT LABORATORIES	54,581	$2.195M	1.7%	$28.85	+34.5%	COM	002824100
—	SPDR NUVEEN BARCLAYS SHORT TER	87,050	$2.12M	1.7%	$24.34	—	UHUS	78464a425
—	LIBERTY MEDIA CORP	59,335	$2.044M	1.6%	$34.45	—	COM	531229300
IGSB	ISHARES 1-3 YEAR CREDIT BOND E	18,720	$1.968M	1.5%	$104.99	—	UHUS	464288646
—	BIG 5 SPORTING GOODS	138,473	$1.437M	1.1%	$16.10	—	COM	08915p101
—	TESLA MOTORS INC	2,690	$668K	0.5%	$129.86	—	COM	88160r101
IGIB	ISHARES INTERM CREDIT BOND ETF	5,370	$583K	0.5%	$107.63	—	UHUS	464288638
—	SOLAR SENIOR CAPITAL	21,665	$308K	0.2%	$18.36	—	COM	83416m105
—	ISHARES CORE 1 5 YEAR USD BOND	2,500	$250K	0.2%	$100.00	—	UHUS	46432f859
ARAY	ACCURAY INC	37,000	$184K	0.1%	$5.05	+27.1%	COM	004397105
—	CRIMSON WINE GROUP	14,598	$132K	0.1%	$8.50	—	COM	22662x100
—	NEW YORK REIT INC REIT	10,632	$106K	0.1%	$9.88	—	COM	64976l109
—	VEREIT INC REIT	12,787	$98,000	0.1%	$8.06	—	COM	92339v100