MENLO ADVISORS LLC Long-Term Concentrated

Location: Menlo Park, CA

CIK: 0001279708 · Show all filings

Period: Q2 2015 (← Previous) (Next →)

Filing Date: Dec 7, 2015

Total Value: $148M (100.0% shares, 0.0% debt)

Holdings (42)

BRK/B BERKSHIRE HATHAWAY CLASS B 10.7%

Value $15.93M Shares 117,058 Share Price $136.10 * Est. Cost/Share $110.48 Unrealized @ Report Date +29.1%

— WISDOMTREE JAPAN HEDGED EQUITY 5.4%

Value $8.031M Shares 140,403 Share Price $57.20 Est. Cost/Share $49.08 Unrealized @ Report Date —

— HOWARD HUGHES CORP 5.0%

Value $7.433M Shares 51,784 Share Price $143.54 Est. Cost/Share $114.31 Unrealized @ Report Date —

MKL MARKEL CORP 5.0%

Value $7.425M Shares 9,274 Share Price $800.63 * Est. Cost/Share $526.07 Unrealized @ Report Date +47.8%

AIG AMERICAN INTL GROUP 4.8%

Value $7.105M Shares 114,938 Share Price $61.82 * Est. Cost/Share $32.60 Unrealized @ Report Date +39.6%

BAC BANK OF AMERICA CORP 4.2%

Value $6.283M Shares 369,160 Share Price $17.02 * Est. Cost/Share $10.31 Unrealized @ Report Date +27.4%

MSFT MICROSOFT CORP 4.1%

Value $6.041M Shares 136,844 Share Price $44.15 * Est. Cost/Share $26.70 Unrealized @ Report Date +47.1%

— YAHOO INC 4.0%

Value $5.889M Shares 149,887 Share Price $39.29 Est. Cost/Share $27.33 Unrealized @ Report Date —

— HARRIS CORPORATION 3.9%

Value $5.833M Shares 75,843 Share Price $76.91 Est. Cost/Share $49.48 Unrealized @ Report Date —

— ABBVIE INC 3.8%

Value $5.638M Shares 83,916 Share Price $67.19 Est. Cost/Share $46.39 Unrealized @ Report Date —

— MEDTRONIC PLC F 3.7%

Value $5.528M Shares 74,606 Share Price $74.10 Est. Cost/Share $53.51 Unrealized @ Report Date —

— CISCO SYSTEMS INC 3.6%

Value $5.299M Shares 192,984 Share Price $27.46 Est. Cost/Share $24.33 Unrealized @ Report Date —

DDS DILLARDS INC CLASS A 3.3%

Value $4.955M Shares 47,110 Share Price $105.18 * Est. Cost/Share $59.94 Unrealized @ Report Date +52.3%

— ALLEGHANY CORP DEL 3.2%

Value $4.79M Shares 10,219 Share Price $468.73 Est. Cost/Share $472.15 Unrealized @ Report Date —

— VODAFONE GROUP F ADR 1 ADR REP 3.2%

Value $4.71M Shares 129,224 Share Price $36.45 Est. Cost/Share $35.35 Unrealized @ Report Date —

AAPL APPLE INC 2.7%

Value $4.078M Shares 32,521 Share Price $125.40 * Est. Cost/Share $18.34 Unrealized @ Report Date +55.6%

GVAL CAMBRIA GLOBAL VALUE ETF 2.5%

Value $3.697M Shares 184,596 Share Price $20.03 Est. Cost/Share $22.63 Unrealized @ Report Date —

— LEUCADIA NATIONAL CO 2.4%

Value $3.567M Shares 146,916 Share Price $24.28 Est. Cost/Share $26.22 Unrealized @ Report Date —

— SPDR GOLD SHARES ETF 2.3%

Value $3.468M Shares 30,870 Share Price $112.34 Est. Cost/Share $119.09 Unrealized @ Report Date —

GLW CORNING INC 2.2%

Value $3.281M Shares 166,320 Share Price $19.73 * Est. Cost/Share $10.49 Unrealized @ Report Date +53.7%

QCOM QUALCOMM INC 2.1%

Value $3.186M Shares 50,885 Share Price $62.61 * Est. Cost/Share $50.31 Unrealized @ Report Date 0.0%

— GOOGLE INC CLASS C 1.9%

Value $2.786M Shares 5,354 Share Price $520.36 Est. Cost/Share $566.24 Unrealized @ Report Date —

— ALPHABET INC CLASS C 1.9%

Value $2.786M Shares 5,354 Share Price $520.36 Est. Cost/Share $566.24 Unrealized @ Report Date —

ABT ABBOTT LABORATORIES 1.9%

Value $2.757M Shares 56,186 Share Price $49.07 * Est. Cost/Share $28.85 Unrealized @ Report Date +36.4%

CVX CHEVRON CORPORATION 1.8%

Value $2.642M Shares 27,397 Share Price $96.43 * Est. Cost/Share $71.30 Unrealized @ Report Date -6.8%

— HCP INC REIT REIT 1.7%

Value $2.573M Shares 70,574 Share Price $36.46 Est. Cost/Share $45.37 Unrealized @ Report Date —

— GOOGLE INC CLASS A 1.6%

Value $2.374M Shares 4,397 Share Price $539.91 Est. Cost/Share $880.27 Unrealized @ Report Date —

— ALPHABET INC CLASS A 1.6%

Value $2.374M Shares 4,397 Share Price $539.91 Est. Cost/Share $875.83 Unrealized @ Report Date —

— BIG 5 SPORTING GOODS 1.4%

Value $2.009M Shares 141,423 Share Price $14.21 Est. Cost/Share $16.10 Unrealized @ Report Date —

IGSB ISHARES 1-3 YEAR CREDIT BOND E 1.3%

Value $1.971M Shares 18,720 Share Price $105.29 Est. Cost/Share $104.99 Unrealized @ Report Date —

— TESLA MOTORS INC 0.5%

Value $721K Shares 2,690 Share Price $268.03 Est. Cost/Share $129.86 Unrealized @ Report Date —

IGIB ISHARES INTERM CREDIT BOND ETF 0.4%

Value $586K Shares 5,385 Share Price $108.82 Est. Cost/Share $107.63 Unrealized @ Report Date —

— GLOBAL X SUPERDIVIDEND ETF 0.4%

Value $585K Shares 26,440 Share Price $22.13 Est. Cost/Share $22.87 Unrealized @ Report Date —

— LANDS END INC 0.2%

Value $366K Shares 14,762 Share Price $24.79 Est. Cost/Share $33.53 Unrealized @ Report Date —

— SPDR NUVEEN BARCLAYS SHORT TER 0.2%

Value $349K Shares 14,400 Share Price $24.24 Est. Cost/Share $24.28 Unrealized @ Report Date —

— SOLAR SENIOR CAPITAL 0.2%

Value $341K Shares 21,665 Share Price $15.74 Est. Cost/Share $18.36 Unrealized @ Report Date —

— ISHARES CORE 1 5 YEAR USD BOND 0.2%

Value $250K Shares 2,500 Share Price $100.00 Est. Cost/Share $100.00 Unrealized @ Report Date —

ARAY ACCURAY INC 0.2%

Value $249K Shares 37,000 Share Price $6.73 * Est. Cost/Share $5.05 Unrealized @ Report Date +47.4%

— CRIMSON WINE GROUP 0.1%

Value $138K Shares 14,838 Share Price $9.30 Est. Cost/Share $8.50 Unrealized @ Report Date —

— NEW YORK REIT INC REIT 0.1%

Value $105K Shares 10,632 Share Price $9.88 Est. Cost/Share $9.88 Unrealized @ Report Date —

— AMERN REALTY CAP PPT REIT 0.1%

Value $103K Shares 12,787 Share Price $8.06 Est. Cost/Share $8.06 Unrealized @ Report Date —

— VEREIT INC REIT 0.1%

Value $103K Shares 12,787 Share Price $8.06 Est. Cost/Share $8.06 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	117,058	$15.93M	10.7%	$136.10 *	$110.48	+29.1%	COM	084670702
—	WISDOMTREE JAPAN HEDGED EQUITY	140,403	$8.031M	5.4%	$57.20	$49.08	—	UIUS	97717w851
—	HOWARD HUGHES CORP	51,784	$7.433M	5.0%	$143.54	$114.31	—	COM	44267d107
MKL	MARKEL CORP	9,274	$7.425M	5.0%	$800.63 *	$526.07	+47.8%	COM	570535104
AIG	AMERICAN INTL GROUP	114,938	$7.105M	4.8%	$61.82 *	$32.60	+39.6%	COM	026874784
BAC	BANK OF AMERICA CORP	369,160	$6.283M	4.2%	$17.02 *	$10.31	+27.4%	COM	060505104
MSFT	MICROSOFT CORP	136,844	$6.041M	4.1%	$44.15 *	$26.70	+47.1%	COM	594918104
—	YAHOO INC	149,887	$5.889M	4.0%	$39.29	$27.33	—	COM	984332106
—	HARRIS CORPORATION	75,843	$5.833M	3.9%	$76.91	$49.48	—	COM	413875105
—	ABBVIE INC	83,916	$5.638M	3.8%	$67.19	$46.39	—	COM	00287y109
—	MEDTRONIC PLC F	74,606	$5.528M	3.7%	$74.10	$53.51	—	COM	g5960l103
—	CISCO SYSTEMS INC	192,984	$5.299M	3.6%	$27.46	$24.33	—	COM	17275r102
DDS	DILLARDS INC CLASS A	47,110	$4.955M	3.3%	$105.18 *	$59.94	+52.3%	COM	254067101
—	ALLEGHANY CORP DEL	10,219	$4.79M	3.2%	$468.73	$472.15	—	COM	017175100
—	VODAFONE GROUP F ADR 1 ADR REP	129,224	$4.71M	3.2%	$36.45	$35.35	—	COM	92857w308
AAPL	APPLE INC	32,521	$4.078M	2.7%	$125.40 *	$18.34	+55.6%	COM	037833100
GVAL	CAMBRIA GLOBAL VALUE ETF	184,596	$3.697M	2.5%	$20.03	$22.63	—	UIUS	132061409
—	LEUCADIA NATIONAL CO	146,916	$3.567M	2.4%	$24.28	$26.22	—	COM	527288104
—	SPDR GOLD SHARES ETF	30,870	$3.468M	2.3%	$112.34	$119.09	—	UIUS	78463v107
GLW	CORNING INC	166,320	$3.281M	2.2%	$19.73 *	$10.49	+53.7%	COM	219350105
QCOM	QUALCOMM INC	50,885	$3.186M	2.1%	$62.61 *	$50.31	0.0%	COM	747525103
—	GOOGLE INC CLASS C	5,354	$2.786M	1.9%	$520.36	$566.24	—	COM	38259p706
—	ALPHABET INC CLASS C	5,354	$2.786M	1.9%	$520.36	$566.24	—	COM	02079k107
ABT	ABBOTT LABORATORIES	56,186	$2.757M	1.9%	$49.07 *	$28.85	+36.4%	COM	002824100
CVX	CHEVRON CORPORATION	27,397	$2.642M	1.8%	$96.43 *	$71.30	-6.8%	COM	166764100
—	HCP INC REIT REIT	70,574	$2.573M	1.7%	$36.46	$45.37	—	COM	40414l109
—	GOOGLE INC CLASS A	4,397	$2.374M	1.6%	$539.91	$880.27	—	COM	38259p508
—	ALPHABET INC CLASS A	4,397	$2.374M	1.6%	$539.91	$875.83	—	COM	02079k305
—	BIG 5 SPORTING GOODS	141,423	$2.009M	1.4%	$14.21	$16.10	—	COM	08915p101
IGSB	ISHARES 1-3 YEAR CREDIT BOND E	18,720	$1.971M	1.3%	$105.29	$104.99	—	UHUS	464288646
—	TESLA MOTORS INC	2,690	$721K	0.5%	$268.03	$129.86	—	COM	88160r101
IGIB	ISHARES INTERM CREDIT BOND ETF	5,385	$586K	0.4%	$108.82	$107.63	—	UHUS	464288638
—	GLOBAL X SUPERDIVIDEND ETF	26,440	$585K	0.4%	$22.13	$22.87	—	UIUS	37950e549
—	LANDS END INC	14,762	$366K	0.2%	$24.79	$33.53	—	COM	51509f105
—	SPDR NUVEEN BARCLAYS SHORT TER	14,400	$349K	0.2%	$24.24	$24.28	—	UHUS	78464a425
—	SOLAR SENIOR CAPITAL	21,665	$341K	0.2%	$15.74	$18.36	—	COM	83416m105
—	ISHARES CORE 1 5 YEAR USD BOND	2,500	$250K	0.2%	$100.00	$100.00	—	UHUS	46432f859
ARAY	ACCURAY INC	37,000	$249K	0.2%	$6.73 *	$5.05	+47.4%	COM	004397105
—	CRIMSON WINE GROUP	14,838	$138K	0.1%	$9.30	$8.50	—	COM	22662x100
—	NEW YORK REIT INC REIT	10,632	$105K	0.1%	$9.88	$9.88	—	COM	64976l109
—	AMERN REALTY CAP PPT REIT	12,787	$103K	0.1%	$8.06	$8.06	—	COM	02917t104
—	VEREIT INC REIT	12,787	$103K	0.1%	$8.06	$8.06	—	COM	92339v100