MENLO ADVISORS LLC Long-Term Concentrated

CIK: 0001279708 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: Jan 7, 2020

Total Value: $153M (100.0% shares, 0.0% debt)

Holdings (35)

BRK/B BERKSHIRE HATHAWAY CLASS B 14.4%

Value $21.98M Shares 97,048 Est. Cost $110.46 Unrealized +96.6%

— SPDR GOLD SHARES ETF 5.3%

Value $8.104M Shares 56,714 Est. Cost $121.16 Unrealized —

MSFT MICROSOFT CORP 5.2%

Value $7.907M Shares 50,141 Est. Cost $26.70 Unrealized +421.4%

DIS WALT DISNEY CO 4.7%

Value $7.239M Shares 50,052 Est. Cost $100.82 Unrealized +34.6%

BAC BANK OF AMERICA CORP 4.5%

Value $6.919M Shares 196,455 Est. Cost $12.43 Unrealized +123.5%

AAPL APPLE INC 4.5%

Value $6.819M Shares 23,223 Est. Cost $18.53 Unrealized +234.8%

— HOWARD HUGHES CORP 4.4%

Value $6.804M Shares 53,660 Est. Cost $114.41 Unrealized —

— WISDOMTREE JAPAN HEDGED EQUITY 4.0%

Value $6.147M Shares 114,310 Est. Cost $54.50 Unrealized —

— WISDOMTREE EMRG MRKT HG DIV ET 4.0%

Value $6.145M Shares 134,275 Est. Cost $42.07 Unrealized —

— ALPHABET INC. CLASS C 3.8%

Value $5.88M Shares 4,398 Est. Cost $572.35 Unrealized —

— ALPHA ARCHTCT US QUNTV VAL ETF 3.7%

Value $5.699M Shares 187,361 Est. Cost $21.47 Unrealized —

— MADISON SQUARE GARDEN CO CL A 3.5%

Value $5.408M Shares 18,384 Est. Cost $271.22 Unrealized —

— ALPHABET INC. CLASS A 3.5%

Value $5.345M Shares 3,991 Est. Cost $875.83 Unrealized —

MKL MARKEL CORP 3.3%

Value $5.08M Shares 4,444 Est. Cost $526.07 Unrealized +116.5%

— KKR & CO INC CLASS A 3.3%

Value $5.055M Shares 173,300 Est. Cost $25.27 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 3.2%

Value $4.839M Shares 100,539 Est. Cost $31.11 Unrealized —

— CISCO SYSTEMS INC 3.0%

Value $4.557M Shares 95,018 Est. Cost $24.59 Unrealized —

— PROSHARES SHORT S&P500 2.7%

Value $4.068M Shares 169,454 Est. Cost $33.61 Unrealized —

— KINDER MORGAN INC 2.6%

Value $3.997M Shares 188,805 Est. Cost $20.05 Unrealized —

GLW CORNING INC 2.5%

Value $3.875M Shares 133,120 Est. Cost $12.64 Unrealized +93.4%

— ABBVIE INC 2.5%

Value $3.861M Shares 43,612 Est. Cost $46.39 Unrealized —

— ALPHA ARCHTCT INTR QUNTV VAL E 2.5%

Value $3.75M Shares 127,198 Est. Cost $30.82 Unrealized —

GVAL CAMBRIA GLOBAL VALUE ETF 2.4%

Value $3.67M Shares 153,506 Est. Cost $22.58 Unrealized —

ABT ABBOTT LABORATORIES 2.2%

Value $3.294M Shares 37,924 Est. Cost $28.85 Unrealized +161.0%

— VANECK VECTORS GOLD MINERS ETF 2.1%

Value $3.259M Shares 111,315 Est. Cost $27.39 Unrealized —

— TESLA INC 0.5%

Value $771K Shares 1,845 Est. Cost $129.86 Unrealized —

— COHEN STEERS REIT PREFER 0.4%

Value $672K Shares 28,263 Est. Cost $19.99 Unrealized —

— COUPA SOFTWARE INCORPORA 0.2%

Value $379K Shares 2,596 Est. Cost $79.08 Unrealized —

— ALPHA ARCHTCT US QUNTV MTNM ET 0.2%

Value $313K Shares 9,682 Est. Cost $29.44 Unrealized —

— LIBERTY MEDIA CORP SERIES C LI 0.2%

Value $291K Shares 9,864 Est. Cost $14.59 Unrealized —

— SOLAR SENIOR CAPITAL 0.2%

Value $280K Shares 15,925 Est. Cost $18.28 Unrealized —

— BANK OF AMERIC 7.25 PFD CONV S 0.2%

Value $263K Shares 182 Est. Cost $1191.59 Unrealized —

— POWERSHARES S&P 500 XXX NAME C 0.1%

Value $228K Shares 1,973 Est. Cost $104.41 Unrealized —

— CRIMSON WINE GROUP 0.1%

Value $88,000 Shares 11,986 Est. Cost $8.50 Unrealized —

ARAY ACCURAY INC 0.0%

Value $28,000 Shares 10,000 Est. Cost $5.05 Unrealized -45.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	97,048	$21.98M	14.4%	$110.46	+96.6%	COM	084670702
—	SPDR GOLD SHARES ETF	56,714	$8.104M	5.3%	$121.16	—	UIUS	78463v107
MSFT	MICROSOFT CORP	50,141	$7.907M	5.2%	$26.70	+421.4%	COM	594918104
DIS	WALT DISNEY CO	50,052	$7.239M	4.7%	$100.82	+34.6%	COM	254687106
BAC	BANK OF AMERICA CORP	196,455	$6.919M	4.5%	$12.43	+123.5%	COM	060505104
AAPL	APPLE INC	23,223	$6.819M	4.5%	$18.53	+234.8%	COM	037833100
—	HOWARD HUGHES CORP	53,660	$6.804M	4.4%	$114.41	—	COM	44267d107
—	WISDOMTREE JAPAN HEDGED EQUITY	114,310	$6.147M	4.0%	$54.50	—	UIUS	97717w851
—	WISDOMTREE EMRG MRKT HG DIV ET	134,275	$6.145M	4.0%	$42.07	—	UIUS	97717w315
—	ALPHABET INC. CLASS C	4,398	$5.88M	3.8%	$572.35	—	COM	02079k107
—	ALPHA ARCHTCT US QUNTV VAL ETF	187,361	$5.699M	3.7%	$21.47	—	COM	02072l102
—	MADISON SQUARE GARDEN CO CL A	18,384	$5.408M	3.5%	$271.22	—	COM	55825t103
—	ALPHABET INC. CLASS A	3,991	$5.345M	3.5%	$875.83	—	COM	02079k305
MKL	MARKEL CORP	4,444	$5.08M	3.3%	$526.07	+116.5%	COM	570535104
—	KKR & CO INC CLASS A	173,300	$5.055M	3.3%	$25.27	—	COM	48251w104
—	LIBERTY MEDIA CORP SERIES C LI	100,539	$4.839M	3.2%	$31.11	—	COM	531229607
—	CISCO SYSTEMS INC	95,018	$4.557M	3.0%	$24.59	—	COM	17275r102
—	PROSHARES SHORT S&P500	169,454	$4.068M	2.7%	$33.61	—	COM	74347b425
—	KINDER MORGAN INC	188,805	$3.997M	2.6%	$20.05	—	COM	49456b101
GLW	CORNING INC	133,120	$3.875M	2.5%	$12.64	+93.4%	COM	219350105
—	ABBVIE INC	43,612	$3.861M	2.5%	$46.39	—	COM	00287y109
—	ALPHA ARCHTCT INTR QUNTV VAL E	127,198	$3.75M	2.5%	$30.82	—	COM	02072l201
GVAL	CAMBRIA GLOBAL VALUE ETF	153,506	$3.67M	2.4%	$22.58	—	UIUS	132061409
ABT	ABBOTT LABORATORIES	37,924	$3.294M	2.2%	$28.85	+161.0%	COM	002824100
—	VANECK VECTORS GOLD MINERS ETF	111,315	$3.259M	2.1%	$27.39	—	UIUS	92189f106
—	TESLA INC	1,845	$771K	0.5%	$129.86	—	COM	88160r101
—	COHEN STEERS REIT PREFER	28,263	$672K	0.4%	$19.99	—	COM	19247x100
—	COUPA SOFTWARE INCORPORA	2,596	$379K	0.2%	$79.08	—	COM	22266l106
—	ALPHA ARCHTCT US QUNTV MTNM ET	9,682	$313K	0.2%	$29.44	—	COM	02072l409
—	LIBERTY MEDIA CORP SERIES C LI	9,864	$291K	0.2%	$14.59	—	COM	531229888
—	SOLAR SENIOR CAPITAL	15,925	$280K	0.2%	$18.28	—	COM	83416m105
—	BANK OF AMERIC 7.25 PFD CONV S	182	$263K	0.2%	$1191.59	—	CPUS	060505682
—	POWERSHARES S&P 500 XXX NAME C	1,973	$228K	0.1%	$104.41	—	COM	739371813
—	CRIMSON WINE GROUP	11,986	$88,000	0.1%	$8.50	—	COM	22662x100
ARAY	ACCURAY INC	10,000	$28,000	0.0%	$5.05	-45.1%	COM	004397105