MENLO ADVISORS LLC Long-Term Concentrated

CIK: 0001279708 · Show all filings

Period: Q3 2018 (← Previous) (Next →)

Filing Date: Oct 10, 2018

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

Holdings (41)

BRK/B BERKSHIRE HATHAWAY CLASS B 14.4%

Value $21.36M Shares 99,768 Est. Cost $110.46 Unrealized +85.8%

— CISCO SYSTEMS INC 4.6%

Value $6.881M Shares 141,445 Est. Cost $24.33 Unrealized —

MSFT MICROSOFT CORP 4.0%

Value $5.93M Shares 51,851 Est. Cost $26.70 Unrealized +277.5%

— HOWARD HUGHES CORP 4.0%

Value $5.928M Shares 47,725 Est. Cost $114.71 Unrealized —

— WISDOMTREE JAPAN HEDGED EQUITY 4.0%

Value $5.89M Shares 101,645 Est. Cost $55.27 Unrealized —

— ALPHA ARCHTCT US QUNTV VAL ETF 3.9%

Value $5.841M Shares 188,365 Est. Cost $21.37 Unrealized —

MKL MARKEL CORP 3.9%

Value $5.829M Shares 4,905 Est. Cost $526.07 Unrealized +123.7%

— WISDOMTREE EMRG MRKT HG DIV ET 3.9%

Value $5.731M Shares 131,255 Est. Cost $42.06 Unrealized —

GLW CORNING INC 3.9%

Value $5.708M Shares 161,720 Est. Cost $12.64 Unrealized +109.5%

AAPL APPLE INC 3.8%

Value $5.582M Shares 24,729 Est. Cost $18.53 Unrealized +166.0%

— ALPHABET INC. CLASS C 3.6%

Value $5.346M Shares 4,480 Est. Cost $572.35 Unrealized —

— SPDR GOLD SHARES ETF 3.6%

Value $5.281M Shares 46,838 Est. Cost $121.14 Unrealized —

BAC BANK OF AMERICA CORP 3.5%

Value $5.18M Shares 175,860 Est. Cost $10.31 Unrealized +147.1%

— LIBERTY MEDIA CORP SERIES C LI 3.4%

Value $5.033M Shares 135,353 Est. Cost $18.97 Unrealized —

— ALPHABET INC. CLASS A 3.3%

Value $4.952M Shares 4,103 Est. Cost $875.83 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 3.2%

Value $4.676M Shares 107,624 Est. Cost $31.11 Unrealized —

— ABBVIE INC 3.1%

Value $4.618M Shares 48,835 Est. Cost $46.39 Unrealized —

— PROSHARES SHORT S&P 500 ETF NE 2.9%

Value $4.342M Shares 158,954 Est. Cost $33.76 Unrealized —

DIS WALT DISNEY CO 2.7%

Value $3.973M Shares 33,975 Est. Cost $97.28 Unrealized +9.5%

— ALPHA ARCHTCT INTR QUNTV VAL E 2.6%

Value $3.887M Shares 126,565 Est. Cost $30.94 Unrealized —

GVAL CAMBRIA GLOBAL VALUE ETF 2.5%

Value $3.723M Shares 157,621 Est. Cost $22.58 Unrealized —

PETS PETMED EXPRESS INC 2.2%

Value $3.203M Shares 97,060 Est. Cost $37.37 Unrealized 0.0%

ABT ABBOTT LABORATORIES 2.1%

Value $3.063M Shares 41,758 Est. Cost $28.85 Unrealized +100.5%

— DISCOVERY INC CLASS C 2.0%

Value $2.963M Shares 100,197 Est. Cost $26.78 Unrealized —

— NEW RESIDENTIAL INVE REIT 1.8%

Value $2.676M Shares 150,190 Est. Cost $17.04 Unrealized —

— VANECK VECTORS GOLD MINERS ETF 1.4%

Value $2.095M Shares 113,170 Est. Cost $27.39 Unrealized —

— COUPA SOFTWARE INCORPORA 1.3%

Value $1.858M Shares 23,496 Est. Cost $79.08 Unrealized —

— SPDR NUVEEN BARCLAYS XXX REVER 1.1%

Value $1.609M Shares 33,758 Est. Cost $24.69 Unrealized —

— JD COMMON INC F SPONSORED ADR 0.9%

Value $1.345M Shares 51,555 Est. Cost $38.19 Unrealized —

— BLACKROCK CALIFORNIA MUN 0.4%

Value $632K Shares 42,370 Est. Cost $14.97 Unrealized —

— TESLA INC 0.4%

Value $554K Shares 2,095 Est. Cost $129.86 Unrealized —

— COHEN STEERS REIT PREFER 0.4%

Value $531K Shares 27,218 Est. Cost $19.96 Unrealized —

— SOLAR SENIOR CAPITAL 0.2%

Value $295K Shares 17,660 Est. Cost $18.28 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 0.2%

Value $278K Shares 10,215 Est. Cost $14.59 Unrealized —

— ALPHA ARCHTCT US QUNTV MTNM ET 0.2%

Value $269K Shares 7,920 Est. Cost $25.63 Unrealized —

— WISDOMTREE FUNDAMENTAL US SHOR 0.2%

Value $266K Shares 5,270 Est. Cost $49.95 Unrealized —

— BANK OF AMERIC 7.25 PFD CONV S 0.2%

Value $256K Shares 198 Est. Cost $1191.59 Unrealized —

— NORTHWEST NATURAL HOLDIN 0.2%

Value $240K Shares 3,600 Est. Cost $66.67 Unrealized —

— CRIMSON WINE GROUP 0.1%

Value $109K Shares 12,203 Est. Cost $8.50 Unrealized —

— VEREIT INC REIT 0.1%

Value $92,000 Shares 12,787 Est. Cost $8.06 Unrealized —

ARAY ACCURAY INC 0.0%

Value $45,000 Shares 10,000 Est. Cost $5.05 Unrealized -22.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	99,768	$21.36M	14.4%	$110.46	+85.8%	COM	084670702
—	CISCO SYSTEMS INC	141,445	$6.881M	4.6%	$24.33	—	COM	17275r102
MSFT	MICROSOFT CORP	51,851	$5.93M	4.0%	$26.70	+277.5%	COM	594918104
—	HOWARD HUGHES CORP	47,725	$5.928M	4.0%	$114.71	—	COM	44267d107
—	WISDOMTREE JAPAN HEDGED EQUITY	101,645	$5.89M	4.0%	$55.27	—	UIUS	97717w851
—	ALPHA ARCHTCT US QUNTV VAL ETF	188,365	$5.841M	3.9%	$21.37	—	COM	02072l102
MKL	MARKEL CORP	4,905	$5.829M	3.9%	$526.07	+123.7%	COM	570535104
—	WISDOMTREE EMRG MRKT HG DIV ET	131,255	$5.731M	3.9%	$42.06	—	UIUS	97717w315
GLW	CORNING INC	161,720	$5.708M	3.9%	$12.64	+109.5%	COM	219350105
AAPL	APPLE INC	24,729	$5.582M	3.8%	$18.53	+166.0%	COM	037833100
—	ALPHABET INC. CLASS C	4,480	$5.346M	3.6%	$572.35	—	COM	02079k107
—	SPDR GOLD SHARES ETF	46,838	$5.281M	3.6%	$121.14	—	UIUS	78463v107
BAC	BANK OF AMERICA CORP	175,860	$5.18M	3.5%	$10.31	+147.1%	COM	060505104
—	LIBERTY MEDIA CORP SERIES C LI	135,353	$5.033M	3.4%	$18.97	—	COM	531229854
—	ALPHABET INC. CLASS A	4,103	$4.952M	3.3%	$875.83	—	COM	02079k305
—	LIBERTY MEDIA CORP SERIES C LI	107,624	$4.676M	3.2%	$31.11	—	COM	531229607
—	ABBVIE INC	48,835	$4.618M	3.1%	$46.39	—	COM	00287y109
—	PROSHARES SHORT S&P 500 ETF NE	158,954	$4.342M	2.9%	$33.76	—	COM	74347b425
DIS	WALT DISNEY CO	33,975	$3.973M	2.7%	$97.28	+9.5%	COM	254687106
—	ALPHA ARCHTCT INTR QUNTV VAL E	126,565	$3.887M	2.6%	$30.94	—	COM	02072l201
GVAL	CAMBRIA GLOBAL VALUE ETF	157,621	$3.723M	2.5%	$22.58	—	UIUS	132061409
PETS	PETMED EXPRESS INC	97,060	$3.203M	2.2%	$37.37	0.0%	COM	716382106
ABT	ABBOTT LABORATORIES	41,758	$3.063M	2.1%	$28.85	+100.5%	COM	002824100
—	DISCOVERY INC CLASS C	100,197	$2.963M	2.0%	$26.78	—	COM	25470f302
—	NEW RESIDENTIAL INVE REIT	150,190	$2.676M	1.8%	$17.04	—	COM	64828t201
—	VANECK VECTORS GOLD MINERS ETF	113,170	$2.095M	1.4%	$27.39	—	UIUS	92189f106
—	COUPA SOFTWARE INCORPORA	23,496	$1.858M	1.3%	$79.08	—	COM	22266l106
—	SPDR NUVEEN BARCLAYS XXX REVER	33,758	$1.609M	1.1%	$24.69	—	UHUS	78464a425
—	JD COMMON INC F SPONSORED ADR	51,555	$1.345M	0.9%	$38.19	—	COM	47215p106
—	BLACKROCK CALIFORNIA MUN	42,370	$632K	0.4%	$14.97	—	UHUS	09249c105
—	TESLA INC	2,095	$554K	0.4%	$129.86	—	COM	88160r101
—	COHEN STEERS REIT PREFER	27,218	$531K	0.4%	$19.96	—	COM	19247x100
—	SOLAR SENIOR CAPITAL	17,660	$295K	0.2%	$18.28	—	COM	83416m105
—	LIBERTY MEDIA CORP SERIES C LI	10,215	$278K	0.2%	$14.59	—	COM	531229888
—	ALPHA ARCHTCT US QUNTV MTNM ET	7,920	$269K	0.2%	$25.63	—	COM	02072l409
—	WISDOMTREE FUNDAMENTAL US SHOR	5,270	$266K	0.2%	$49.95	—	COM	97717x149
—	BANK OF AMERIC 7.25 PFD CONV S	198	$256K	0.2%	$1191.59	—	CPUS	060505682
—	NORTHWEST NATURAL HOLDIN	3,600	$240K	0.2%	$66.67	—	COM	66765n105
—	CRIMSON WINE GROUP	12,203	$109K	0.1%	$8.50	—	COM	22662x100
—	VEREIT INC REIT	12,787	$92,000	0.1%	$8.06	—	COM	92339v100
ARAY	ACCURAY INC	10,000	$45,000	0.0%	$5.05	-22.0%	COM	004397105