MENLO ADVISORS LLC Long-Term Concentrated

CIK: 0001279708 · Show all filings

Period: Q3 2019 (← Previous) (Next →)

Filing Date: Oct 8, 2019

Total Value: $143M (100.0% shares, 0.0% debt)

Holdings (36)

BRK/B BERKSHIRE HATHAWAY CLASS B 14.4%

Value $20.55M Shares 98,807 Est. Cost $110.46 Unrealized +86.5%

— SPDR GOLD SHARES ETF NV 5.5%

Value $7.907M Shares 56,944 Est. Cost $121.16 Unrealized —

MSFT MICROSOFT CORP 4.9%

Value $6.972M Shares 50,151 Est. Cost $26.70 Unrealized +386.5%

— HOWARD HUGHES CORP 4.8%

Value $6.828M Shares 52,689 Est. Cost $114.18 Unrealized —

DIS WALT DISNEY CO 4.6%

Value $6.533M Shares 50,132 Est. Cost $100.82 Unrealized +33.2%

BAC BANK OF AMERICA CORP 4.0%

Value $5.73M Shares 196,455 Est. Cost $12.43 Unrealized +97.6%

— WISDOMTREE JAPAN HEDGED EQUITY 3.9%

Value $5.626M Shares 111,500 Est. Cost $54.52 Unrealized —

— WISDOMTREE EMRG MRKT HG DIV ET 3.9%

Value $5.548M Shares 134,315 Est. Cost $42.07 Unrealized —

— ALPHABET INC. CLASS C 3.8%

Value $5.379M Shares 4,413 Est. Cost $572.35 Unrealized —

MKL MARKEL CORP 3.7%

Value $5.281M Shares 4,469 Est. Cost $526.07 Unrealized +116.0%

— ALPHA ARCHTCT US QUNTV VAL ETF 3.7%

Value $5.239M Shares 188,081 Est. Cost $21.47 Unrealized —

AAPL APPLE INC 3.7%

Value $5.223M Shares 23,323 Est. Cost $18.53 Unrealized +171.1%

— ALPHABET INC. CLASS A 3.4%

Value $4.891M Shares 4,006 Est. Cost $875.83 Unrealized —

— MADISON SQUARE GARDEN CO CL A 3.4%

Value $4.874M Shares 18,499 Est. Cost $271.22 Unrealized —

— KKR & CO INC CLASS A 3.3%

Value $4.647M Shares 173,095 Est. Cost $25.27 Unrealized —

— CISCO SYSTEMS INC 3.2%

Value $4.643M Shares 93,988 Est. Cost $24.33 Unrealized —

— PROSHARES SHORT S&P500 3.1%

Value $4.427M Shares 169,454 Est. Cost $33.61 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 3.0%

Value $4.239M Shares 101,029 Est. Cost $31.11 Unrealized —

GLW CORNING INC 2.7%

Value $3.806M Shares 133,470 Est. Cost $12.64 Unrealized +97.7%

— KINDER MORGAN INC 2.7%

Value $3.799M Shares 184,375 Est. Cost $20.03 Unrealized —

— ALPHA ARCHTCT INTR QUNTV VAL E 2.4%

Value $3.445M Shares 128,098 Est. Cost $30.82 Unrealized —

GVAL CAMBRIA GLOBAL VALUE ETF 2.4%

Value $3.432M Shares 153,506 Est. Cost $22.58 Unrealized —

— ABBVIE INC 2.3%

Value $3.302M Shares 43,612 Est. Cost $46.39 Unrealized —

ABT ABBOTT LABORATORIES 2.2%

Value $3.173M Shares 37,924 Est. Cost $28.85 Unrealized +163.8%

— VANECK VECTORS GOLD MINERS ETF 2.1%

Value $2.981M Shares 111,615 Est. Cost $27.39 Unrealized —

PETS PETMED EXPRESS INC 1.1%

Value $1.565M Shares 86,865 Est. Cost $37.37 Unrealized -55.8%

— COHEN STEERS REIT PREFER 0.5%

Value $690K Shares 28,063 Est. Cost $19.99 Unrealized —

— TESLA INC 0.3%

Value $444K Shares 1,845 Est. Cost $129.86 Unrealized —

— COUPA SOFTWARE INCORPORA 0.2%

Value $336K Shares 2,596 Est. Cost $79.08 Unrealized —

— ALPHA ARCHTCT US QUNTV MTNM ET 0.2%

Value $290K Shares 9,682 Est. Cost $29.44 Unrealized —

— SOLAR SENIOR CAPITAL 0.2%

Value $282K Shares 15,925 Est. Cost $18.28 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 0.2%

Value $275K Shares 9,915 Est. Cost $14.59 Unrealized —

— BANK OF AMERIC 7.25 PFD CONV S 0.2%

Value $272K Shares 182 Est. Cost $1191.59 Unrealized —

— POWERSHARES S&P 500 XXX NAME C 0.1%

Value $213K Shares 1,973 Est. Cost $104.41 Unrealized —

— CRIMSON WINE GROUP 0.1%

Value $90,000 Shares 12,049 Est. Cost $8.50 Unrealized —

ARAY ACCURAY INC 0.0%

Value $27,000 Shares 10,000 Est. Cost $5.05 Unrealized -34.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	98,807	$20.55M	14.4%	$110.46	+86.5%	COM	084670702
—	SPDR GOLD SHARES ETF NV	56,944	$7.907M	5.5%	$121.16	—	UIUS	78463v107
MSFT	MICROSOFT CORP	50,151	$6.972M	4.9%	$26.70	+386.5%	COM	594918104
—	HOWARD HUGHES CORP	52,689	$6.828M	4.8%	$114.18	—	COM	44267d107
DIS	WALT DISNEY CO	50,132	$6.533M	4.6%	$100.82	+33.2%	COM	254687106
BAC	BANK OF AMERICA CORP	196,455	$5.73M	4.0%	$12.43	+97.6%	COM	060505104
—	WISDOMTREE JAPAN HEDGED EQUITY	111,500	$5.626M	3.9%	$54.52	—	UIUS	97717w851
—	WISDOMTREE EMRG MRKT HG DIV ET	134,315	$5.548M	3.9%	$42.07	—	UIUS	97717w315
—	ALPHABET INC. CLASS C	4,413	$5.379M	3.8%	$572.35	—	COM	02079k107
MKL	MARKEL CORP	4,469	$5.281M	3.7%	$526.07	+116.0%	COM	570535104
—	ALPHA ARCHTCT US QUNTV VAL ETF	188,081	$5.239M	3.7%	$21.47	—	COM	02072l102
AAPL	APPLE INC	23,323	$5.223M	3.7%	$18.53	+171.1%	COM	037833100
—	ALPHABET INC. CLASS A	4,006	$4.891M	3.4%	$875.83	—	COM	02079k305
—	MADISON SQUARE GARDEN CO CL A	18,499	$4.874M	3.4%	$271.22	—	COM	55825t103
—	KKR & CO INC CLASS A	173,095	$4.647M	3.3%	$25.27	—	COM	48251w104
—	CISCO SYSTEMS INC	93,988	$4.643M	3.2%	$24.33	—	COM	17275r102
—	PROSHARES SHORT S&P500	169,454	$4.427M	3.1%	$33.61	—	COM	74347b425
—	LIBERTY MEDIA CORP SERIES C LI	101,029	$4.239M	3.0%	$31.11	—	COM	531229607
GLW	CORNING INC	133,470	$3.806M	2.7%	$12.64	+97.7%	COM	219350105
—	KINDER MORGAN INC	184,375	$3.799M	2.7%	$20.03	—	COM	49456b101
—	ALPHA ARCHTCT INTR QUNTV VAL E	128,098	$3.445M	2.4%	$30.82	—	COM	02072l201
GVAL	CAMBRIA GLOBAL VALUE ETF	153,506	$3.432M	2.4%	$22.58	—	UIUS	132061409
—	ABBVIE INC	43,612	$3.302M	2.3%	$46.39	—	COM	00287y109
ABT	ABBOTT LABORATORIES	37,924	$3.173M	2.2%	$28.85	+163.8%	COM	002824100
—	VANECK VECTORS GOLD MINERS ETF	111,615	$2.981M	2.1%	$27.39	—	UIUS	92189f106
PETS	PETMED EXPRESS INC	86,865	$1.565M	1.1%	$37.37	-55.8%	COM	716382106
—	COHEN STEERS REIT PREFER	28,063	$690K	0.5%	$19.99	—	COM	19247x100
—	TESLA INC	1,845	$444K	0.3%	$129.86	—	COM	88160r101
—	COUPA SOFTWARE INCORPORA	2,596	$336K	0.2%	$79.08	—	COM	22266l106
—	ALPHA ARCHTCT US QUNTV MTNM ET	9,682	$290K	0.2%	$29.44	—	COM	02072l409
—	SOLAR SENIOR CAPITAL	15,925	$282K	0.2%	$18.28	—	COM	83416m105
—	LIBERTY MEDIA CORP SERIES C LI	9,915	$275K	0.2%	$14.59	—	COM	531229888
—	BANK OF AMERIC 7.25 PFD CONV S	182	$272K	0.2%	$1191.59	—	CPUS	060505682
—	POWERSHARES S&P 500 XXX NAME C	1,973	$213K	0.1%	$104.41	—	COM	739371813
—	CRIMSON WINE GROUP	12,049	$90,000	0.1%	$8.50	—	COM	22662x100
ARAY	ACCURAY INC	10,000	$27,000	0.0%	$5.05	-34.3%	COM	004397105