MENLO ADVISORS LLC Long-Term Concentrated

CIK: 0001279708 · Show all filings

Period: Q2 2016 (← Previous) (Next →)

Filing Date: Jul 12, 2016

Total Value: $118M (100.0% shares, 0.0% debt)

Holdings (43)

BRK/B BERKSHIRE HATHAWAY CLASS B 13.2%

Value $15.48M Shares 106,933 Est. Cost $110.46 Unrealized +29.4%

MKL MARKEL CORP 5.2%

Value $6.104M Shares 6,407 Est. Cost $526.07 Unrealized +77.0%

— SPDR GOLD SHARES ETF 5.0%

Value $5.934M Shares 46,924 Est. Cost $121.22 Unrealized —

— MEDTRONIC PLC F 4.9%

Value $5.804M Shares 66,890 Est. Cost $53.51 Unrealized —

— HOWARD HUGHES CORP 4.7%

Value $5.479M Shares 47,931 Est. Cost $114.31 Unrealized —

— ALLEGHANY CORP DEL 4.3%

Value $5.042M Shares 9,175 Est. Cost $472.15 Unrealized —

— CISCO SYSTEMS INC 4.2%

Value $4.915M Shares 171,320 Est. Cost $24.33 Unrealized —

MSFT MICROSOFT CORP 4.1%

Value $4.808M Shares 93,972 Est. Cost $26.70 Unrealized +72.2%

— VODAFONE GROUP F ADR 1 ADR REP 4.1%

Value $4.808M Shares 155,661 Est. Cost $34.50 Unrealized —

— ABBVIE INC 4.0%

Value $4.686M Shares 75,701 Est. Cost $46.39 Unrealized —

BAC BANK OF AMERICA CORP 3.7%

Value $4.41M Shares 332,370 Est. Cost $10.31 Unrealized +10.0%

AIG AMERICAN INTL GROUP 3.4%

Value $4.057M Shares 76,708 Est. Cost $32.58 Unrealized +32.9%

— PROSHARES SHORT S&P 500 ETF NE 3.4%

Value $4.042M Shares 101,954 Est. Cost $39.65 Unrealized —

— VALUESHARES U S QUANTITATIVE V 3.4%

Value $4.019M Shares 188,060 Est. Cost $21.37 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 3.4%

Value $3.991M Shares 210,432 Est. Cost $18.97 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 2.9%

Value $3.391M Shares 109,879 Est. Cost $30.86 Unrealized —

— ALPHABET INC. CLASS C 2.7%

Value $3.195M Shares 4,617 Est. Cost $566.24 Unrealized —

GLW CORNING INC 2.5%

Value $2.999M Shares 146,475 Est. Cost $10.49 Unrealized +47.9%

GVAL CAMBRIA GLOBAL VALUE ETF IV 2.5%

Value $2.993M Shares 163,986 Est. Cost $22.57 Unrealized —

— ALPHABET INC. CLASS A 2.5%

Value $2.99M Shares 4,251 Est. Cost $875.83 Unrealized —

— VANECK VECTORS GOLD MINERS ETF 2.5%

Value $2.978M Shares 107,475 Est. Cost $27.71 Unrealized —

AAPL APPLE INC 2.1%

Value $2.467M Shares 25,807 Est. Cost $18.34 Unrealized +23.3%

QCOM QUALCOMM INC 2.0%

Value $2.376M Shares 44,360 Est. Cost $50.31 Unrealized -19.9%

IGSB ISHARES 1-3 YEAR CREDIT BOND E 1.7%

Value $1.986M Shares 18,720 Est. Cost $104.99 Unrealized —

— SPDR NUVEEN BARCLAYS XXX REVER 1.7%

Value $1.976M Shares 40,261 Est. Cost $24.34 Unrealized —

ABT ABBOTT LABORATORIES 1.6%

Value $1.916M Shares 48,742 Est. Cost $28.85 Unrealized +15.6%

IGIB ISHARES INTERM CREDIT BOND ETF 0.5%

Value $629K Shares 5,660 Est. Cost $107.60 Unrealized —

— TESLA MOTORS INC 0.5%

Value $571K Shares 2,690 Est. Cost $129.86 Unrealized —

— BLACKROCK CALIFORNIA MUN 0.4%

Value $512K Shares 33,770 Est. Cost $15.02 Unrealized —

— VALUESHARES INTRNTNL QNTV VAL 0.3%

Value $353K Shares 16,160 Est. Cost $21.84 Unrealized —

TNET TRINET GROUP INC 0.3%

Value $334K Shares 16,100 Est. Cost $13.83 Unrealized +29.0%

— SOLAR SENIOR CAPITAL 0.3%

Value $314K Shares 19,540 Est. Cost $18.36 Unrealized —

— WISDOMTREE FUNDAMENTAL US SHOR 0.2%

Value $285K Shares 5,720 Est. Cost $49.83 Unrealized —

— GUGGENHEIM S&P 500 EQL WEIGHT 0.2%

Value $269K Shares 3,350 Est. Cost $78.51 Unrealized —

— DUFF & PHELPS UTILITY & 0.2%

Value $265K Shares 27,245 Est. Cost $9.17 Unrealized —

— NORTHWEST NATURAL GA 0.2%

Value $259K Shares 4,000 Est. Cost $50.50 Unrealized —

— ISHARES CORE 1 5 YEAR USD BOND 0.2%

Value $253K Shares 2,500 Est. Cost $100.00 Unrealized —

— COHEN STEERS REIT PREFER 0.2%

Value $211K Shares 10,278 Est. Cost $20.53 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 0.1%

Value $160K Shares 10,969 Est. Cost $14.59 Unrealized —

— VEREIT INC REIT 0.1%

Value $129K Shares 12,787 Est. Cost $8.06 Unrealized —

ARAY ACCURAY INC 0.1%

Value $114K Shares 22,000 Est. Cost $5.05 Unrealized +8.1%

— CRIMSON WINE GROUP 0.1%

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

— NEW YORK REIT INC REIT 0.1%

Value $98,000 Shares 10,632 Est. Cost $9.88 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	106,933	$15.48M	13.2%	$110.46	+29.4%	COM	084670702
MKL	MARKEL CORP	6,407	$6.104M	5.2%	$526.07	+77.0%	COM	570535104
—	SPDR GOLD SHARES ETF	46,924	$5.934M	5.0%	$121.22	—	UIUS	78463v107
—	MEDTRONIC PLC F	66,890	$5.804M	4.9%	$53.51	—	COM	g5960l103
—	HOWARD HUGHES CORP	47,931	$5.479M	4.7%	$114.31	—	COM	44267d107
—	ALLEGHANY CORP DEL	9,175	$5.042M	4.3%	$472.15	—	COM	017175100
—	CISCO SYSTEMS INC	171,320	$4.915M	4.2%	$24.33	—	COM	17275r102
MSFT	MICROSOFT CORP	93,972	$4.808M	4.1%	$26.70	+72.2%	COM	594918104
—	VODAFONE GROUP F ADR 1 ADR REP	155,661	$4.808M	4.1%	$34.50	—	COM	92857w308
—	ABBVIE INC	75,701	$4.686M	4.0%	$46.39	—	COM	00287y109
BAC	BANK OF AMERICA CORP	332,370	$4.41M	3.7%	$10.31	+10.0%	COM	060505104
AIG	AMERICAN INTL GROUP	76,708	$4.057M	3.4%	$32.58	+32.9%	COM	026874784
—	PROSHARES SHORT S&P 500 ETF NE	101,954	$4.042M	3.4%	$39.65	—	COM	74347b425
—	VALUESHARES U S QUANTITATIVE V	188,060	$4.019M	3.4%	$21.37	—	COM	02072l102
—	LIBERTY MEDIA CORP SERIES C LI	210,432	$3.991M	3.4%	$18.97	—	COM	531229854
—	LIBERTY MEDIA CORP SERIES C LI	109,879	$3.391M	2.9%	$30.86	—	COM	531229607
—	ALPHABET INC. CLASS C	4,617	$3.195M	2.7%	$566.24	—	COM	02079k107
GLW	CORNING INC	146,475	$2.999M	2.5%	$10.49	+47.9%	COM	219350105
GVAL	CAMBRIA GLOBAL VALUE ETF IV	163,986	$2.993M	2.5%	$22.57	—	UIUS	132061409
—	ALPHABET INC. CLASS A	4,251	$2.99M	2.5%	$875.83	—	COM	02079k305
—	VANECK VECTORS GOLD MINERS ETF	107,475	$2.978M	2.5%	$27.71	—	UIUS	92189f106
AAPL	APPLE INC	25,807	$2.467M	2.1%	$18.34	+23.3%	COM	037833100
QCOM	QUALCOMM INC	44,360	$2.376M	2.0%	$50.31	-19.9%	COM	747525103
IGSB	ISHARES 1-3 YEAR CREDIT BOND E	18,720	$1.986M	1.7%	$104.99	—	UHUS	464288646
—	SPDR NUVEEN BARCLAYS XXX REVER	40,261	$1.976M	1.7%	$24.34	—	UHUS	78464a425
ABT	ABBOTT LABORATORIES	48,742	$1.916M	1.6%	$28.85	+15.6%	COM	002824100
IGIB	ISHARES INTERM CREDIT BOND ETF	5,660	$629K	0.5%	$107.60	—	UHUS	464288638
—	TESLA MOTORS INC	2,690	$571K	0.5%	$129.86	—	COM	88160r101
—	BLACKROCK CALIFORNIA MUN	33,770	$512K	0.4%	$15.02	—	UHUS	09249c105
—	VALUESHARES INTRNTNL QNTV VAL	16,160	$353K	0.3%	$21.84	—	COM	02072l201
TNET	TRINET GROUP INC	16,100	$334K	0.3%	$13.83	+29.0%	COM	896288107
—	SOLAR SENIOR CAPITAL	19,540	$314K	0.3%	$18.36	—	COM	83416m105
—	WISDOMTREE FUNDAMENTAL US SHOR	5,720	$285K	0.2%	$49.83	—	COM	97717x149
—	GUGGENHEIM S&P 500 EQL WEIGHT	3,350	$269K	0.2%	$78.51	—	COM	78355w106
—	DUFF & PHELPS UTILITY &	27,245	$265K	0.2%	$9.17	—	COM	26432k108
—	NORTHWEST NATURAL GA	4,000	$259K	0.2%	$50.50	—	COM	667655104
—	ISHARES CORE 1 5 YEAR USD BOND	2,500	$253K	0.2%	$100.00	—	UHUS	46432f859
—	COHEN STEERS REIT PREFER	10,278	$211K	0.2%	$20.53	—	COM	19247x100
—	LIBERTY MEDIA CORP SERIES C LI	10,969	$160K	0.1%	$14.59	—	COM	531229888
—	VEREIT INC REIT	12,787	$129K	0.1%	$8.06	—	COM	92339v100
ARAY	ACCURAY INC	22,000	$114K	0.1%	$5.05	+8.1%	COM	004397105
—	CRIMSON WINE GROUP	13,169	$110K	0.1%	$8.50	—	COM	22662x100
—	NEW YORK REIT INC REIT	10,632	$98,000	0.1%	$9.88	—	COM	64976l109