MENLO ADVISORS LLC Long-Term Concentrated

CIK: 0001279708 · Show all filings

Period: Q1 2016 (← Previous) (Next →)

Filing Date: Apr 13, 2016

Total Value: $109M (100.0% shares, 0.0% debt)

Holdings (38)

BRK/B BERKSHIRE HATHAWAY CLASS B 14.0%

Value $15.25M Shares 107,483 Est. Cost $110.46 Unrealized +20.0%

MKL MARKEL CORP 6.9%

Value $7.506M Shares 8,419 Est. Cost $526.07 Unrealized +63.4%

MSFT MICROSOFT CORP 4.8%

Value $5.198M Shares 94,132 Est. Cost $26.70 Unrealized +72.5%

— HOWARD HUGHES CORP 4.6%

Value $5.031M Shares 47,511 Est. Cost $114.31 Unrealized —

— MEDTRONIC PLC F 4.6%

Value $5.024M Shares 66,991 Est. Cost $53.51 Unrealized —

— VODAFONE GROUP F ADR 1 ADR REP 4.6%

Value $4.995M Shares 155,852 Est. Cost $34.50 Unrealized —

— CISCO SYSTEMS INC 4.5%

Value $4.877M Shares 171,318 Est. Cost $24.33 Unrealized —

— ALLEGHANY CORP DEL 4.2%

Value $4.562M Shares 9,195 Est. Cost $472.15 Unrealized —

BAC BANK OF AMERICA CORP 4.1%

Value $4.5M Shares 332,870 Est. Cost $10.31 Unrealized +5.3%

— ABBVIE INC 4.0%

Value $4.33M Shares 75,811 Est. Cost $46.39 Unrealized —

— LIBERTY MEDIA CORP 3.8%

Value $4.19M Shares 110,005 Est. Cost $36.28 Unrealized —

— PROSHARES SHORT S&P 500 ETF IV 3.8%

Value $4.161M Shares 203,910 Est. Cost $22.51 Unrealized —

AIG AMERICAN INTL GROUP 3.8%

Value $4.156M Shares 76,908 Est. Cost $32.58 Unrealized +29.3%

— SPDR GOLD SHARES ETF 3.3%

Value $3.576M Shares 30,399 Est. Cost $118.37 Unrealized —

— ALPHABET INC. CLASS C 3.2%

Value $3.439M Shares 4,617 Est. Cost $566.24 Unrealized —

— ALPHABET INC. CLASS A 3.0%

Value $3.243M Shares 4,251 Est. Cost $875.83 Unrealized —

GLW CORNING INC 2.8%

Value $3.059M Shares 146,475 Est. Cost $10.49 Unrealized +35.9%

GVAL CAMBRIA GLOBAL VALUE ETF IV 2.8%

Value $3.004M Shares 161,886 Est. Cost $22.63 Unrealized —

AAPL APPLE INC 2.6%

Value $2.799M Shares 25,688 Est. Cost $18.34 Unrealized +22.9%

QCOM QUALCOMM INC 2.1%

Value $2.268M Shares 44,360 Est. Cost $50.31 Unrealized -26.6%

— MARKET VECTORS GOLD MINERS ETF 2.0%

Value $2.146M Shares 107,475 Est. Cost $19.97 Unrealized —

ABT ABBOTT LABORATORIES 1.9%

Value $2.034M Shares 48,642 Est. Cost $28.85 Unrealized +14.4%

— HCP INC REIT REIT 1.8%

Value $2.001M Shares 61,429 Est. Cost $45.37 Unrealized —

— SPDR NUVEEN BARCLAYS XXX REVER 1.8%

Value $1.98M Shares 40,561 Est. Cost $24.34 Unrealized —

IGSB ISHARES 1-3 YEAR CREDIT BOND E 1.8%

Value $1.973M Shares 18,720 Est. Cost $104.99 Unrealized —

IGIB ISHARES INTERM CREDIT BOND ETF 0.6%

Value $620K Shares 5,660 Est. Cost $107.60 Unrealized —

— TESLA MOTORS INC 0.6%

Value $618K Shares 2,690 Est. Cost $129.86 Unrealized —

— BLACKROCK CALIFORNIA MUN 0.4%

Value $437K Shares 29,070 Est. Cost $15.00 Unrealized —

— SOLAR SENIOR CAPITAL 0.3%

Value $284K Shares 19,540 Est. Cost $18.36 Unrealized —

— GUGGENHEIM S&P 500 EQL WEIGHT 0.2%

Value $263K Shares 3,350 Est. Cost $78.51 Unrealized —

— DUFF & PHELPS UTILITY & 0.2%

Value $262K Shares 27,245 Est. Cost $9.17 Unrealized —

— ISHARES CORE 1 5 YEAR USD BOND 0.2%

Value $251K Shares 2,500 Est. Cost $100.00 Unrealized —

TNET TRINET GROUP INC 0.2%

Value $231K Shares 16,100 Est. Cost $13.83 Unrealized 0.0%

— NORTHWEST NATURAL GA 0.2%

Value $215K Shares 4,000 Est. Cost $50.50 Unrealized —

ARAY ACCURAY INC 0.1%

Value $127K Shares 22,000 Est. Cost $5.05 Unrealized +9.6%

— VEREIT INC REIT 0.1%

Value $113K Shares 12,787 Est. Cost $8.06 Unrealized —

— CRIMSON WINE GROUP 0.1%

Value $110K Shares 13,169 Est. Cost $8.50 Unrealized —

— NEW YORK REIT INC REIT 0.1%

Value $107K Shares 10,632 Est. Cost $9.88 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	107,483	$15.25M	14.0%	$110.46	+20.0%	COM	084670702
MKL	MARKEL CORP	8,419	$7.506M	6.9%	$526.07	+63.4%	COM	570535104
MSFT	MICROSOFT CORP	94,132	$5.198M	4.8%	$26.70	+72.5%	COM	594918104
—	HOWARD HUGHES CORP	47,511	$5.031M	4.6%	$114.31	—	COM	44267d107
—	MEDTRONIC PLC F	66,991	$5.024M	4.6%	$53.51	—	COM	g5960l103
—	VODAFONE GROUP F ADR 1 ADR REP	155,852	$4.995M	4.6%	$34.50	—	COM	92857w308
—	CISCO SYSTEMS INC	171,318	$4.877M	4.5%	$24.33	—	COM	17275r102
—	ALLEGHANY CORP DEL	9,195	$4.562M	4.2%	$472.15	—	COM	017175100
BAC	BANK OF AMERICA CORP	332,870	$4.5M	4.1%	$10.31	+5.3%	COM	060505104
—	ABBVIE INC	75,811	$4.33M	4.0%	$46.39	—	COM	00287y109
—	LIBERTY MEDIA CORP	110,005	$4.19M	3.8%	$36.28	—	COM	531229300
—	PROSHARES SHORT S&P 500 ETF IV	203,910	$4.161M	3.8%	$22.51	—	COM	74347r503
AIG	AMERICAN INTL GROUP	76,908	$4.156M	3.8%	$32.58	+29.3%	COM	026874784
—	SPDR GOLD SHARES ETF	30,399	$3.576M	3.3%	$118.37	—	UIUS	78463v107
—	ALPHABET INC. CLASS C	4,617	$3.439M	3.2%	$566.24	—	COM	02079k107
—	ALPHABET INC. CLASS A	4,251	$3.243M	3.0%	$875.83	—	COM	02079k305
GLW	CORNING INC	146,475	$3.059M	2.8%	$10.49	+35.9%	COM	219350105
GVAL	CAMBRIA GLOBAL VALUE ETF IV	161,886	$3.004M	2.8%	$22.63	—	UIUS	132061409
AAPL	APPLE INC	25,688	$2.799M	2.6%	$18.34	+22.9%	COM	037833100
QCOM	QUALCOMM INC	44,360	$2.268M	2.1%	$50.31	-26.6%	COM	747525103
—	MARKET VECTORS GOLD MINERS ETF	107,475	$2.146M	2.0%	$19.97	—	UIUS	57060u100
ABT	ABBOTT LABORATORIES	48,642	$2.034M	1.9%	$28.85	+14.4%	COM	002824100
—	HCP INC REIT REIT	61,429	$2.001M	1.8%	$45.37	—	COM	40414l109
—	SPDR NUVEEN BARCLAYS XXX REVER	40,561	$1.98M	1.8%	$24.34	—	UHUS	78464a425
IGSB	ISHARES 1-3 YEAR CREDIT BOND E	18,720	$1.973M	1.8%	$104.99	—	UHUS	464288646
IGIB	ISHARES INTERM CREDIT BOND ETF	5,660	$620K	0.6%	$107.60	—	UHUS	464288638
—	TESLA MOTORS INC	2,690	$618K	0.6%	$129.86	—	COM	88160r101
—	BLACKROCK CALIFORNIA MUN	29,070	$437K	0.4%	$15.00	—	UHUS	09249c105
—	SOLAR SENIOR CAPITAL	19,540	$284K	0.3%	$18.36	—	COM	83416m105
—	GUGGENHEIM S&P 500 EQL WEIGHT	3,350	$263K	0.2%	$78.51	—	COM	78355w106
—	DUFF & PHELPS UTILITY &	27,245	$262K	0.2%	$9.17	—	COM	26432k108
—	ISHARES CORE 1 5 YEAR USD BOND	2,500	$251K	0.2%	$100.00	—	UHUS	46432f859
TNET	TRINET GROUP INC	16,100	$231K	0.2%	$13.83	0.0%	COM	896288107
—	NORTHWEST NATURAL GA	4,000	$215K	0.2%	$50.50	—	COM	667655104
ARAY	ACCURAY INC	22,000	$127K	0.1%	$5.05	+9.6%	COM	004397105
—	VEREIT INC REIT	12,787	$113K	0.1%	$8.06	—	COM	92339v100
—	CRIMSON WINE GROUP	13,169	$110K	0.1%	$8.50	—	COM	22662x100
—	NEW YORK REIT INC REIT	10,632	$107K	0.1%	$9.88	—	COM	64976l109