MENLO ADVISORS LLC Long-Term Concentrated

CIK: 0001279708 · Show all filings

Period: Q2 2018 (← Previous) (Next →)

Filing Date: Jul 11, 2018

Total Value: $136M (100.0% shares, 0.0% debt)

Holdings (40)

BRK/B BERKSHIRE HATHAWAY CLASS B 14.0%

Value $19.01M Shares 101,840 Est. Cost $110.46 Unrealized +76.5%

MSFT MICROSOFT CORP 5.3%

Value $7.2M Shares 73,021 Est. Cost $26.70 Unrealized +236.1%

— HOWARD HUGHES CORP 4.5%

Value $6.129M Shares 46,263 Est. Cost $114.41 Unrealized —

— CISCO SYSTEMS INC 4.5%

Value $6.086M Shares 141,445 Est. Cost $24.33 Unrealized —

— ALPHA ARCHTCT US QUNTV VAL ETF 4.3%

Value $5.849M Shares 188,135 Est. Cost $21.37 Unrealized —

— SPDR GOLD SHARES ETF 4.1%

Value $5.556M Shares 46,828 Est. Cost $121.14 Unrealized —

— WISDOMTREE JAPAN HEDGED EQUITY 4.0%

Value $5.414M Shares 100,300 Est. Cost $55.24 Unrealized —

MKL MARKEL CORP 3.9%

Value $5.318M Shares 4,905 Est. Cost $526.07 Unrealized +114.7%

— LIBERTY MEDIA CORP SERIES C LI 3.7%

Value $5.025M Shares 135,353 Est. Cost $18.97 Unrealized —

— ALPHABET INC. CLASS C 3.7%

Value $4.998M Shares 4,480 Est. Cost $572.35 Unrealized —

BAC BANK OF AMERICA CORP 3.6%

Value $4.957M Shares 175,860 Est. Cost $10.31 Unrealized +141.1%

— LIBERTY MEDIA CORP SERIES C LI 3.6%

Value $4.881M Shares 107,624 Est. Cost $31.11 Unrealized —

— PROSHARES SHORT S&P 500 ETF NE 3.4%

Value $4.662M Shares 158,954 Est. Cost $33.76 Unrealized —

— ALPHABET INC. CLASS A 3.4%

Value $4.633M Shares 4,103 Est. Cost $875.83 Unrealized —

AAPL APPLE INC 3.4%

Value $4.577M Shares 24,728 Est. Cost $18.53 Unrealized +130.8%

— ABBVIE INC 3.3%

Value $4.524M Shares 48,835 Est. Cost $46.39 Unrealized —

GLW CORNING INC 3.3%

Value $4.448M Shares 161,720 Est. Cost $12.64 Unrealized +77.1%

— ALPHA ARCHTCT INTR QUNTV VAL E 2.8%

Value $3.803M Shares 123,530 Est. Cost $30.95 Unrealized —

GVAL CAMBRIA GLOBAL VALUE ETF 2.8%

Value $3.738M Shares 157,621 Est. Cost $22.58 Unrealized —

DIS WALT DISNEY CO 2.6%

Value $3.516M Shares 33,550 Est. Cost $97.17 Unrealized 0.0%

— WISDOMTREE EMRG MRKT HG DIV ET 2.4%

Value $3.209M Shares 74,870 Est. Cost $40.85 Unrealized —

— DISCOVERY INC CLASS C 1.9%

Value $2.602M Shares 102,066 Est. Cost $26.78 Unrealized —

ABT ABBOTT LABORATORIES 1.9%

Value $2.595M Shares 42,563 Est. Cost $28.85 Unrealized +84.3%

— VANECK VECTORS GOLD MINERS ETF 1.9%

Value $2.524M Shares 113,170 Est. Cost $27.39 Unrealized —

— NEW RESIDENTIAL INVE REIT 1.8%

Value $2.487M Shares 142,235 Est. Cost $17.00 Unrealized —

— JD COMMON INC F SPONSORED ADR 1.5%

Value $2.043M Shares 52,455 Est. Cost $38.19 Unrealized —

— SPDR NUVEEN BARCLAYS XXX REVER 1.2%

Value $1.676M Shares 34,924 Est. Cost $24.69 Unrealized —

— TESLA INC 0.6%

Value $804K Shares 2,345 Est. Cost $129.86 Unrealized —

— BLACKROCK CALIFORNIA MUN 0.5%

Value $626K Shares 42,370 Est. Cost $14.97 Unrealized —

IGIB ISHARES INTERM CREDIT BOND ETF 0.4%

Value $596K Shares 5,615 Est. Cost $107.60 Unrealized —

— COHEN STEERS REIT PREFER 0.4%

Value $485K Shares 25,018 Est. Cost $20.00 Unrealized —

— WISDOMTREE FUNDAMENTAL US SHOR 0.3%

Value $340K Shares 6,880 Est. Cost $49.95 Unrealized —

— SOLAR SENIOR CAPITAL 0.2%

Value $293K Shares 17,980 Est. Cost $18.28 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 0.2%

Value $264K Shares 10,215 Est. Cost $14.59 Unrealized —

— NORTHWEST NATURAL GA 0.2%

Value $255K Shares 4,000 Est. Cost $50.50 Unrealized —

— BANK OF AMERIC 7.25 PFD CONV S 0.2%

Value $247K Shares 198 Est. Cost $1191.59 Unrealized —

— ALPHA ARCHTCT US QUNTV MTNM ET 0.2%

Value $243K Shares 7,920 Est. Cost $25.63 Unrealized —

— CRIMSON WINE GROUP 0.1%

Value $112K Shares 12,203 Est. Cost $8.50 Unrealized —

— VEREIT INC REIT 0.1%

Value $95,000 Shares 12,787 Est. Cost $8.06 Unrealized —

ARAY ACCURAY INC 0.0%

Value $41,000 Shares 10,000 Est. Cost $5.05 Unrealized -8.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	101,840	$19.01M	14.0%	$110.46	+76.5%	COM	084670702
MSFT	MICROSOFT CORP	73,021	$7.2M	5.3%	$26.70	+236.1%	COM	594918104
—	HOWARD HUGHES CORP	46,263	$6.129M	4.5%	$114.41	—	COM	44267d107
—	CISCO SYSTEMS INC	141,445	$6.086M	4.5%	$24.33	—	COM	17275r102
—	ALPHA ARCHTCT US QUNTV VAL ETF	188,135	$5.849M	4.3%	$21.37	—	COM	02072l102
—	SPDR GOLD SHARES ETF	46,828	$5.556M	4.1%	$121.14	—	UIUS	78463v107
—	WISDOMTREE JAPAN HEDGED EQUITY	100,300	$5.414M	4.0%	$55.24	—	UIUS	97717w851
MKL	MARKEL CORP	4,905	$5.318M	3.9%	$526.07	+114.7%	COM	570535104
—	LIBERTY MEDIA CORP SERIES C LI	135,353	$5.025M	3.7%	$18.97	—	COM	531229854
—	ALPHABET INC. CLASS C	4,480	$4.998M	3.7%	$572.35	—	COM	02079k107
BAC	BANK OF AMERICA CORP	175,860	$4.957M	3.6%	$10.31	+141.1%	COM	060505104
—	LIBERTY MEDIA CORP SERIES C LI	107,624	$4.881M	3.6%	$31.11	—	COM	531229607
—	PROSHARES SHORT S&P 500 ETF NE	158,954	$4.662M	3.4%	$33.76	—	COM	74347b425
—	ALPHABET INC. CLASS A	4,103	$4.633M	3.4%	$875.83	—	COM	02079k305
AAPL	APPLE INC	24,728	$4.577M	3.4%	$18.53	+130.8%	COM	037833100
—	ABBVIE INC	48,835	$4.524M	3.3%	$46.39	—	COM	00287y109
GLW	CORNING INC	161,720	$4.448M	3.3%	$12.64	+77.1%	COM	219350105
—	ALPHA ARCHTCT INTR QUNTV VAL E	123,530	$3.803M	2.8%	$30.95	—	COM	02072l201
GVAL	CAMBRIA GLOBAL VALUE ETF	157,621	$3.738M	2.8%	$22.58	—	UIUS	132061409
DIS	WALT DISNEY CO	33,550	$3.516M	2.6%	$97.17	0.0%	COM	254687106
—	WISDOMTREE EMRG MRKT HG DIV ET	74,870	$3.209M	2.4%	$40.85	—	UIUS	97717w315
—	DISCOVERY INC CLASS C	102,066	$2.602M	1.9%	$26.78	—	COM	25470f302
ABT	ABBOTT LABORATORIES	42,563	$2.595M	1.9%	$28.85	+84.3%	COM	002824100
—	VANECK VECTORS GOLD MINERS ETF	113,170	$2.524M	1.9%	$27.39	—	UIUS	92189f106
—	NEW RESIDENTIAL INVE REIT	142,235	$2.487M	1.8%	$17.00	—	COM	64828t201
—	JD COMMON INC F SPONSORED ADR	52,455	$2.043M	1.5%	$38.19	—	COM	47215p106
—	SPDR NUVEEN BARCLAYS XXX REVER	34,924	$1.676M	1.2%	$24.69	—	UHUS	78464a425
—	TESLA INC	2,345	$804K	0.6%	$129.86	—	COM	88160r101
—	BLACKROCK CALIFORNIA MUN	42,370	$626K	0.5%	$14.97	—	UHUS	09249c105
IGIB	ISHARES INTERM CREDIT BOND ETF	5,615	$596K	0.4%	$107.60	—	UHUS	464288638
—	COHEN STEERS REIT PREFER	25,018	$485K	0.4%	$20.00	—	COM	19247x100
—	WISDOMTREE FUNDAMENTAL US SHOR	6,880	$340K	0.3%	$49.95	—	COM	97717x149
—	SOLAR SENIOR CAPITAL	17,980	$293K	0.2%	$18.28	—	COM	83416m105
—	LIBERTY MEDIA CORP SERIES C LI	10,215	$264K	0.2%	$14.59	—	COM	531229888
—	NORTHWEST NATURAL GA	4,000	$255K	0.2%	$50.50	—	COM	667655104
—	BANK OF AMERIC 7.25 PFD CONV S	198	$247K	0.2%	$1191.59	—	CPUS	060505682
—	ALPHA ARCHTCT US QUNTV MTNM ET	7,920	$243K	0.2%	$25.63	—	COM	02072l409
—	CRIMSON WINE GROUP	12,203	$112K	0.1%	$8.50	—	COM	22662x100
—	VEREIT INC REIT	12,787	$95,000	0.1%	$8.06	—	COM	92339v100
ARAY	ACCURAY INC	10,000	$41,000	0.0%	$5.05	-8.3%	COM	004397105