MENLO ADVISORS LLC Long-Term Concentrated

Location: Menlo Park, CA

CIK: 0001279708 · Show all filings

Period: Q2 2020 (← Previous) (Next →)

Filing Date: Jul 17, 2020

Total Value: $128M (100.0% shares, 0.0% debt)

Holdings (36)

BRK/B BERKSHIRE HATHAWAY CLASS B 13.1%

Value $16.82M Shares 94,238 Share Price $178.51 * Est. Cost/Share $110.48 Unrealized @ Report Date +65.3%

— SPDR GOLD SHARES ETF EC 7.4%

Value $9.49M Shares 56,703 Share Price $167.36 Est. Cost/Share $121.16 Unrealized @ Report Date —

MSFT MICROSOFT CORP 5.3%

Value $6.848M Shares 33,651 Share Price $203.50 * Est. Cost/Share $26.70 Unrealized @ Report Date +548.1%

— VANECK VECTORS GOLD MINERS ETF 4.9%

Value $6.286M Shares 171,400 Share Price $36.67 Est. Cost/Share $25.88 Unrealized @ Report Date —

— ALPHABET INC. CLASS C 4.7%

Value $6.043M Shares 4,275 Share Price $1413.57 Est. Cost/Share $572.35 Unrealized @ Report Date —

AAPL APPLE INC 4.7%

Value $5.959M Shares 16,337 Share Price $364.75 * Est. Cost/Share $18.53 Unrealized @ Report Date +305.3%

— KKR & CO INC 4.4%

Value $5.674M Shares 183,765 Share Price $30.88 Est. Cost/Share $25.37 Unrealized @ Report Date —

— ALPHABET INC. CLASS A 4.3%

Value $5.561M Shares 3,922 Share Price $1417.90 Est. Cost/Share $875.83 Unrealized @ Report Date —

— ALPHA ARCHTCT US QUNTV VAL ETF 4.2%

Value $5.38M Shares 240,086 Share Price $22.41 Est. Cost/Share $21.72 Unrealized @ Report Date —

— CISCO SYSTEMS INC 3.9%

Value $5.005M Shares 107,323 Share Price $46.63 Est. Cost/Share $27.25 Unrealized @ Report Date —

— WISDOMTREE EMRG MRKT HG DIV ET 3.7%

Value $4.763M Shares 131,855 Share Price $36.12 Est. Cost/Share $41.93 Unrealized @ Report Date —

— ABBVIE INC 3.2%

Value $4.128M Shares 42,047 Share Price $98.18 Est. Cost/Share $46.39 Unrealized @ Report Date —

EBAY EBAY INC 2.7%

Value $3.506M Shares 66,860 Share Price $52.44 * Est. Cost/Share $38.43 Unrealized @ Report Date 0.0%

DIS WALT DISNEY CO 2.7%

Value $3.422M Shares 30,696 Share Price $111.48 * Est. Cost/Share $100.82 Unrealized @ Report Date +7.0%

CVS CVS HEALTH CORP 2.6%

Value $3.265M Shares 50,257 Share Price $64.97 * Est. Cost/Share $52.60 Unrealized @ Report Date 0.0%

ABT ABBOTT LABORATORIES 2.5%

Value $3.195M Shares 34,954 Share Price $91.41 * Est. Cost/Share $28.85 Unrealized @ Report Date +184.1%

— EQUITY COMMONWEALTH 2.3%

Value $2.986M Shares 92,740 Share Price $32.20 Est. Cost/Share $32.20 Unrealized @ Report Date —

GLW CORNING INC 2.3%

Value $2.919M Shares 112,706 Share Price $25.90 * Est. Cost/Share $12.64 Unrealized @ Report Date +53.5%

MTZ MASTEC INC 2.2%

Value $2.873M Shares 64,040 Share Price $44.86 * Est. Cost/Share $37.90 Unrealized @ Report Date 0.0%

— TWITTER INC 2.2%

Value $2.867M Shares 96,245 Share Price $29.79 Est. Cost/Share $29.79 Unrealized @ Report Date —

— ALPHA ARCHTCT INTR QUNTV VAL E 2.2%

Value $2.866M Shares 118,418 Share Price $24.20 Est. Cost/Share $30.82 Unrealized @ Report Date —

— KINDER MORGAN INC 2.2%

Value $2.769M Shares 182,590 Share Price $15.17 Est. Cost/Share $20.05 Unrealized @ Report Date —

— ROYCE VALUE CF 1.9%

Value $2.452M Shares 195,536 Share Price $12.54 Est. Cost/Share $9.92 Unrealized @ Report Date —

GVAL CAMBRIA GLOBAL VALUE ETF 1.8%

Value $2.336M Shares 132,854 Share Price $17.58 Est. Cost/Share $22.58 Unrealized @ Report Date —

— TESLA INC 1.4%

Value $1.775M Shares 1,644 Share Price $1079.68 Est. Cost/Share $163.95 Unrealized @ Report Date —

— LIBERTY MEDIA CORP SERIES C LI 1.4%

Value $1.743M Shares 50,599 Share Price $34.45 Est. Cost/Share $31.11 Unrealized @ Report Date —

— HOWARD HUGHES CORP 1.1%

Value $1.394M Shares 26,848 Share Price $51.92 Est. Cost/Share $114.41 Unrealized @ Report Date —

SCHO SCHWAB SHORT TERM US TREASURY 1.0%

Value $1.325M Shares 25,680 Share Price $51.60 Est. Cost/Share $51.60 Unrealized @ Report Date —

— DHT MARITIME HLD INC F 1.0%

Value $1.223M Shares 238,425 Share Price $5.13 Est. Cost/Share $5.13 Unrealized @ Report Date —

— MADISON SQUARE GARDEN 0.7%

Value $938K Shares 6,389 Share Price $146.81 Est. Cost/Share $271.22 Unrealized @ Report Date —

— COUPA SOFTWARE INCORPORA 0.6%

Value $719K Shares 2,596 Share Price $276.96 Est. Cost/Share $79.08 Unrealized @ Report Date —

— BANK OF AMERIC 7.25 PFD CONV S 0.3%

Value $425K Shares 317 Share Price $1340.69 Est. Cost/Share $1255.09 Unrealized @ Report Date —

— WISDOMTREE 90 60 U S BALANCED 0.3%

Value $393K Shares 12,870 Share Price $30.54 Est. Cost/Share $30.54 Unrealized @ Report Date —

— WISDOMTREE US QLT DIV GRW ETF 0.3%

Value $376K Shares 8,280 Share Price $45.41 Est. Cost/Share $45.41 Unrealized @ Report Date —

— POWERSHARES S&P 500 XXX NAME C 0.2%

Value $292K Shares 2,873 Share Price $101.64 Est. Cost/Share $101.64 Unrealized @ Report Date —

ARAY ACCURAY INC 0.0%

Value $20,000 Shares 10,000 Share Price $2.00 * Est. Cost/Share $5.05 Unrealized @ Report Date -58.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	94,238	$16.82M	13.1%	$178.51 *	$110.48	+65.3%	COM	084670702
—	SPDR GOLD SHARES ETF EC	56,703	$9.49M	7.4%	$167.36	$121.16	—	UIUS	78463v107
MSFT	MICROSOFT CORP	33,651	$6.848M	5.3%	$203.50 *	$26.70	+548.1%	COM	594918104
—	VANECK VECTORS GOLD MINERS ETF	171,400	$6.286M	4.9%	$36.67	$25.88	—	UIUS	92189f106
—	ALPHABET INC. CLASS C	4,275	$6.043M	4.7%	$1413.57	$572.35	—	COM	02079k107
AAPL	APPLE INC	16,337	$5.959M	4.7%	$364.75 *	$18.53	+305.3%	COM	037833100
—	KKR & CO INC	183,765	$5.674M	4.4%	$30.88	$25.37	—	COM	48251w104
—	ALPHABET INC. CLASS A	3,922	$5.561M	4.3%	$1417.90	$875.83	—	COM	02079k305
—	ALPHA ARCHTCT US QUNTV VAL ETF	240,086	$5.38M	4.2%	$22.41	$21.72	—	COM	02072l102
—	CISCO SYSTEMS INC	107,323	$5.005M	3.9%	$46.63	$27.25	—	COM	17275r102
—	WISDOMTREE EMRG MRKT HG DIV ET	131,855	$4.763M	3.7%	$36.12	$41.93	—	UIUS	97717w315
—	ABBVIE INC	42,047	$4.128M	3.2%	$98.18	$46.39	—	COM	00287y109
EBAY	EBAY INC	66,860	$3.506M	2.7%	$52.44 *	$38.43	0.0%	COM	278642103
DIS	WALT DISNEY CO	30,696	$3.422M	2.7%	$111.48 *	$100.82	+7.0%	COM	254687106
CVS	CVS HEALTH CORP	50,257	$3.265M	2.6%	$64.97 *	$52.60	0.0%	COM	126650100
ABT	ABBOTT LABORATORIES	34,954	$3.195M	2.5%	$91.41 *	$28.85	+184.1%	COM	002824100
—	EQUITY COMMONWEALTH	92,740	$2.986M	2.3%	$32.20	$32.20	—	COM	294628102
GLW	CORNING INC	112,706	$2.919M	2.3%	$25.90 *	$12.64	+53.5%	COM	219350105
MTZ	MASTEC INC	64,040	$2.873M	2.2%	$44.86 *	$37.90	0.0%	COM	576323109
—	TWITTER INC	96,245	$2.867M	2.2%	$29.79	$29.79	—	COM	90184l102
—	ALPHA ARCHTCT INTR QUNTV VAL E	118,418	$2.866M	2.2%	$24.20	$30.82	—	COM	02072l201
—	KINDER MORGAN INC	182,590	$2.769M	2.2%	$15.17	$20.05	—	COM	49456b101
—	ROYCE VALUE CF	195,536	$2.452M	1.9%	$12.54	$9.92	—	COM	780910105
GVAL	CAMBRIA GLOBAL VALUE ETF	132,854	$2.336M	1.8%	$17.58	$22.58	—	UIUS	132061409
—	TESLA INC	1,644	$1.775M	1.4%	$1079.68	$163.95	—	COM	88160r101
—	LIBERTY MEDIA CORP SERIES C LI	50,599	$1.743M	1.4%	$34.45	$31.11	—	COM	531229607
—	HOWARD HUGHES CORP	26,848	$1.394M	1.1%	$51.92	$114.41	—	COM	44267d107
SCHO	SCHWAB SHORT TERM US TREASURY	25,680	$1.325M	1.0%	$51.60	$51.60	—	UHUS	808524862
—	DHT MARITIME HLD INC F	238,425	$1.223M	1.0%	$5.13	$5.13	—	COM	y2065g121
—	MADISON SQUARE GARDEN	6,389	$938K	0.7%	$146.81	$271.22	—	COM	55825t103
—	COUPA SOFTWARE INCORPORA	2,596	$719K	0.6%	$276.96	$79.08	—	COM	22266l106
—	BANK OF AMERIC 7.25 PFD CONV S	317	$425K	0.3%	$1340.69	$1255.09	—	CPUS	060505682
—	WISDOMTREE 90 60 U S BALANCED	12,870	$393K	0.3%	$30.54	$30.54	—	COM	97717y790
—	WISDOMTREE US QLT DIV GRW ETF	8,280	$376K	0.3%	$45.41	$45.41	—	COM	97717x669
—	POWERSHARES S&P 500 XXX NAME C	2,873	$292K	0.2%	$101.64	$101.64	—	COM	739371813
ARAY	ACCURAY INC	10,000	$20,000	0.0%	$2.00 *	$5.05	-58.8%	COM	004397105