MENLO ADVISORS LLC Long-Term Concentrated

CIK: 0001279708 · Show all filings

Period: Q3 2016 (← Previous) (Next →)

Filing Date: Oct 20, 2016

Total Value: $125M (100.0% shares, 0.0% debt)

Holdings (43)

BRK/B BERKSHIRE HATHAWAY CLASS B 12.4%

Value $15.45M Shares 106,933 Est. Cost $110.46 Unrealized +32.4%

MKL MARKEL CORP 4.8%

Value $5.95M Shares 6,407 Est. Cost $526.07 Unrealized +77.4%

— LIBERTY MEDIA CORP SERIES C LI 4.7%

Value $5.923M Shares 210,485 Est. Cost $18.97 Unrealized —

— SPDR GOLD SHARES ETF 4.7%

Value $5.898M Shares 46,949 Est. Cost $121.22 Unrealized —

— MEDTRONIC PLC F 4.6%

Value $5.737M Shares 66,410 Est. Cost $53.51 Unrealized —

— HOWARD HUGHES CORP 4.4%

Value $5.504M Shares 48,069 Est. Cost $114.31 Unrealized —

— CISCO SYSTEMS INC 4.4%

Value $5.443M Shares 171,611 Est. Cost $24.33 Unrealized —

MSFT MICROSOFT CORP 4.3%

Value $5.402M Shares 93,801 Est. Cost $26.70 Unrealized +88.3%

BAC BANK OF AMERICA CORP 4.2%

Value $5.192M Shares 331,815 Est. Cost $10.31 Unrealized +17.1%

— VODAFONE GROUP F ADR 1 ADR REP 3.9%

Value $4.856M Shares 166,616 Est. Cost $34.15 Unrealized —

— ALLEGHANY CORP DEL 3.9%

Value $4.808M Shares 9,159 Est. Cost $472.15 Unrealized —

— ABBVIE INC 3.8%

Value $4.726M Shares 74,938 Est. Cost $46.39 Unrealized —

AIG AMERICAN INTL GROUP 3.6%

Value $4.555M Shares 76,763 Est. Cost $32.58 Unrealized +38.3%

— VALUESHARES U S QUANTITATIVE V 3.5%

Value $4.389M Shares 189,450 Est. Cost $21.37 Unrealized —

— PROSHARES SHORT S&P 500 ETF NE 3.1%

Value $3.881M Shares 101,954 Est. Cost $39.65 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 2.9%

Value $3.671M Shares 109,879 Est. Cost $30.86 Unrealized —

— ALPHABET INC. CLASS C 2.9%

Value $3.588M Shares 4,617 Est. Cost $566.24 Unrealized —

GLW CORNING INC 2.8%

Value $3.453M Shares 146,040 Est. Cost $10.49 Unrealized +65.6%

— ALPHABET INC. CLASS A 2.7%

Value $3.401M Shares 4,230 Est. Cost $875.83 Unrealized —

GVAL CAMBRIA GLOBAL VALUE ETF 2.6%

Value $3.214M Shares 164,611 Est. Cost $22.57 Unrealized —

QCOM QUALCOMM INC 2.4%

Value $3.038M Shares 44,360 Est. Cost $50.31 Unrealized -6.8%

AAPL APPLE INC 2.3%

Value $2.917M Shares 25,807 Est. Cost $18.34 Unrealized +32.1%

— VANECK VECTORS GOLD MINERS ETF 2.3%

Value $2.84M Shares 107,475 Est. Cost $27.71 Unrealized —

ABT ABBOTT LABORATORIES 1.6%

Value $2.057M Shares 48,642 Est. Cost $28.85 Unrealized +25.3%

IGSB ISHARES 1-3 YEAR CREDIT BOND E 1.6%

Value $1.979M Shares 18,720 Est. Cost $104.99 Unrealized —

— SPDR NUVEEN BARCLAYS XXX REVER 1.6%

Value $1.966M Shares 40,261 Est. Cost $24.34 Unrealized —

IGIB ISHARES INTERM CREDIT BOND ETF 0.5%

Value $630K Shares 5,660 Est. Cost $107.60 Unrealized —

— TESLA MOTORS INC 0.4%

Value $548K 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 0.4%

Value $447K Shares 18,035 Est. Cost $22.15 Unrealized —

TNET TRINET GROUP INC 0.3%

Value $348K Shares 16,100 Est. Cost $13.83 Unrealized +50.0%

— SOLAR SENIOR CAPITAL 0.3%

Value $316K Shares 19,540 Est. Cost $18.36 Unrealized —

— WISDOMTREE FUNDAMENTAL US SHOR 0.2%

Value $292K Shares 5,720 Est. Cost $49.83 Unrealized —

— GUGGENHEIM S&P 500 EQUAL WEIGH 0.2%

Value $280K Shares 3,350 Est. Cost $78.51 Unrealized —

— DUFF & PHELPS UTILITY & 0.2%

Value $266K Shares 27,245 Est. Cost $9.17 Unrealized —

— ISHARES CORE 1 5 YEAR USD BOND 0.2%

Value $253K Shares 5,000 Est. Cost $75.30 Unrealized —

— NORTHWEST NATURAL GA 0.2%

Value $240K Shares 4,000 Est. Cost $50.50 Unrealized —

— COHEN STEERS REIT PREFER 0.2%

Value $215K Shares 10,678 Est. Cost $20.51 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 0.2%

Value $189K Shares 10,927 Est. Cost $14.59 Unrealized —

ARAY ACCURAY INC 0.1%

Value $140K Shares 22,000 Est. Cost $5.05 Unrealized +7.9%

— VEREIT INC REIT 0.1%

Value $132K Shares 12,787 Est. Cost $8.06 Unrealized —

— CRIMSON WINE GROUP 0.1%

Value $112K Shares 13,061 Est. Cost $8.50 Unrealized —

— NEW YORK REIT INC REIT 0.1%

Value $97,000 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	$15.45M	12.4%	$110.46	+32.4%	COM	084670702
MKL	MARKEL CORP	6,407	$5.95M	4.8%	$526.07	+77.4%	COM	570535104
—	LIBERTY MEDIA CORP SERIES C LI	210,485	$5.923M	4.7%	$18.97	—	COM	531229854
—	SPDR GOLD SHARES ETF	46,949	$5.898M	4.7%	$121.22	—	UIUS	78463v107
—	MEDTRONIC PLC F	66,410	$5.737M	4.6%	$53.51	—	COM	g5960l103
—	HOWARD HUGHES CORP	48,069	$5.504M	4.4%	$114.31	—	COM	44267d107
—	CISCO SYSTEMS INC	171,611	$5.443M	4.4%	$24.33	—	COM	17275r102
MSFT	MICROSOFT CORP	93,801	$5.402M	4.3%	$26.70	+88.3%	COM	594918104
BAC	BANK OF AMERICA CORP	331,815	$5.192M	4.2%	$10.31	+17.1%	COM	060505104
—	VODAFONE GROUP F ADR 1 ADR REP	166,616	$4.856M	3.9%	$34.15	—	COM	92857w308
—	ALLEGHANY CORP DEL	9,159	$4.808M	3.9%	$472.15	—	COM	017175100
—	ABBVIE INC	74,938	$4.726M	3.8%	$46.39	—	COM	00287y109
AIG	AMERICAN INTL GROUP	76,763	$4.555M	3.6%	$32.58	+38.3%	COM	026874784
—	VALUESHARES U S QUANTITATIVE V	189,450	$4.389M	3.5%	$21.37	—	COM	02072l102
—	PROSHARES SHORT S&P 500 ETF NE	101,954	$3.881M	3.1%	$39.65	—	COM	74347b425
—	LIBERTY MEDIA CORP SERIES C LI	109,879	$3.671M	2.9%	$30.86	—	COM	531229607
—	ALPHABET INC. CLASS C	4,617	$3.588M	2.9%	$566.24	—	COM	02079k107
GLW	CORNING INC	146,040	$3.453M	2.8%	$10.49	+65.6%	COM	219350105
—	ALPHABET INC. CLASS A	4,230	$3.401M	2.7%	$875.83	—	COM	02079k305
GVAL	CAMBRIA GLOBAL VALUE ETF	164,611	$3.214M	2.6%	$22.57	—	UIUS	132061409
QCOM	QUALCOMM INC	44,360	$3.038M	2.4%	$50.31	-6.8%	COM	747525103
AAPL	APPLE INC	25,807	$2.917M	2.3%	$18.34	+32.1%	COM	037833100
—	VANECK VECTORS GOLD MINERS ETF	107,475	$2.84M	2.3%	$27.71	—	UIUS	92189f106
ABT	ABBOTT LABORATORIES	48,642	$2.057M	1.6%	$28.85	+25.3%	COM	002824100
IGSB	ISHARES 1-3 YEAR CREDIT BOND E	18,720	$1.979M	1.6%	$104.99	—	UHUS	464288646
—	SPDR NUVEEN BARCLAYS XXX REVER	40,261	$1.966M	1.6%	$24.34	—	UHUS	78464a425
IGIB	ISHARES INTERM CREDIT BOND ETF	5,660	$630K	0.5%	$107.60	—	UHUS	464288638
—	TESLA MOTORS INC	2,690	$548K	0.4%	$129.86	—	COM	88160r101
—	BLACKROCK CALIFORNIA MUN	33,770	$512K	0.4%	$15.02	—	UHUS	09249c105
—	VALUESHARES INTRNTNL QNTV VAL	18,035	$447K	0.4%	$22.15	—	COM	02072l201
TNET	TRINET GROUP INC	16,100	$348K	0.3%	$13.83	+50.0%	COM	896288107
—	SOLAR SENIOR CAPITAL	19,540	$316K	0.3%	$18.36	—	COM	83416m105
—	WISDOMTREE FUNDAMENTAL US SHOR	5,720	$292K	0.2%	$49.83	—	COM	97717x149
—	GUGGENHEIM S&P 500 EQUAL WEIGH	3,350	$280K	0.2%	$78.51	—	COM	78355w106
—	DUFF & PHELPS UTILITY &	27,245	$266K	0.2%	$9.17	—	COM	26432k108
—	ISHARES CORE 1 5 YEAR USD BOND	5,000	$253K	0.2%	$75.30	—	UHUS	46432f859
—	NORTHWEST NATURAL GA	4,000	$240K	0.2%	$50.50	—	COM	667655104
—	COHEN STEERS REIT PREFER	10,678	$215K	0.2%	$20.51	—	COM	19247x100
—	LIBERTY MEDIA CORP SERIES C LI	10,927	$189K	0.2%	$14.59	—	COM	531229888
ARAY	ACCURAY INC	22,000	$140K	0.1%	$5.05	+7.9%	COM	004397105
—	VEREIT INC REIT	12,787	$132K	0.1%	$8.06	—	COM	92339v100
—	CRIMSON WINE GROUP	13,061	$112K	0.1%	$8.50	—	COM	22662x100
—	NEW YORK REIT INC REIT	10,632	$97,000	0.1%	$9.88	—	COM	64976l109