MENLO ADVISORS LLC Long-Term Concentrated

Location: Menlo Park, CA

CIK: 0001279708 · Show all filings

Period: Q1 2021 (← Previous) (Next →)

Filing Date: Apr 13, 2021

Total Value: $168M (100.0% shares, 0.0% debt)

Holdings (38)

BRK/B BERKSHIRE HATHAWAY CLASS B 13.7%

Value $23.04M Shares 90,182 Share Price $255.46 * Est. Cost/Share $110.48 Unrealized @ Report Date +119.8%

— SPDR GOLD SHARES ETF 5.3%

Value $8.934M Shares 55,852 Share Price $159.96 Est. Cost/Share $121.16 Unrealized @ Report Date —

— ALPHABET INC. CLASS C 5.0%

Value $8.322M Shares 4,023 Share Price $2068.61 Est. Cost/Share $572.35 Unrealized @ Report Date —

AAPL APPLE INC 4.8%

Value $8.056M Shares 65,955 Share Price $122.14 * Est. Cost/Share $84.97 Unrealized @ Report Date +47.2%

— ALPHA ARCHTCT US QUNTV VAL ETF 4.7%

Value $7.941M Shares 244,246 Share Price $32.51 Est. Cost/Share $21.83 Unrealized @ Report Date —

— ALPHABET INC. CLASS A 4.6%

Value $7.777M Shares 3,771 Share Price $2062.32 Est. Cost/Share $875.83 Unrealized @ Report Date —

MSFT MICROSOFT CORP 4.6%

Value $7.77M Shares 32,957 Share Price $235.76 * Est. Cost/Share $26.70 Unrealized @ Report Date +734.7%

— TWITTER INC 3.9%

Value $6.555M Shares 103,030 Share Price $63.62 Est. Cost/Share $31.72 Unrealized @ Report Date —

— WISDOMTREE EMRG MRKT HG DIV ET 3.9%

Value $6.512M Shares 146,800 Share Price $44.36 Est. Cost/Share $41.83 Unrealized @ Report Date —

— TESLA INC 3.4%

Value $5.708M Shares 8,546 Share Price $667.91 Est. Cost/Share $404.43 Unrealized @ Report Date —

DIS WALT DISNEY CO 3.4%

Value $5.661M Shares 30,680 Share Price $184.52 * Est. Cost/Share $100.82 Unrealized @ Report Date +78.7%

— VANECK VECTORS GOLD MINERS ETF 3.3%

Value $5.628M Shares 173,174 Share Price $32.50 Est. Cost/Share $25.88 Unrealized @ Report Date —

— CISCO SYSTEMS INC 3.1%

Value $5.293M Shares 102,372 Share Price $51.70 Est. Cost/Share $27.25 Unrealized @ Report Date —

GLW CORNING INC 2.9%

Value $4.884M Shares 112,266 Share Price $43.50 * Est. Cost/Share $12.64 Unrealized @ Report Date +165.9%

— KKR & CO INC 2.8%

Value $4.648M Shares 95,165 Share Price $48.84 Est. Cost/Share $25.76 Unrealized @ Report Date —

CVS CVS HEALTH CORP 2.7%

Value $4.524M Shares 60,140 Share Price $75.22 * Est. Cost/Share $55.30 Unrealized @ Report Date +12.6%

— ABBVIE INC 2.6%

Value $4.333M Shares 40,047 Share Price $108.20 Est. Cost/Share $46.39 Unrealized @ Report Date —

ABT ABBOTT LABORATORIES 2.5%

Value $4.188M Shares 34,953 Share Price $119.82 * Est. Cost/Share $28.85 Unrealized @ Report Date +276.6%

EBAY EBAY INC 2.4%

Value $4.112M Shares 67,155 Share Price $61.23 * Est. Cost/Share $38.43 Unrealized @ Report Date +38.5%

— ROYCE VALUE CF 2.1%

Value $3.564M Shares 196,798 Share Price $18.11 Est. Cost/Share $9.92 Unrealized @ Report Date —

— ALPHA ARCHTCT INTR QUNTV VAL E 1.9%

Value $3.278M Shares 113,623 Share Price $28.85 Est. Cost/Share $30.82 Unrealized @ Report Date —

— EQUITY COMMONWEALTH 1.9%

Value $3.119M Shares 112,200 Share Price $27.80 Est. Cost/Share $31.32 Unrealized @ Report Date —

— BANK OF AMERIC 7.25 PFD CONV 1.8%

Value $3.015M Shares 2,157 Share Price $1397.77 Est. Cost/Share $1421.53 Unrealized @ Report Date —

VIRT VIRTU FINL INCORPORA0050 CLASS 1.7%

Value $2.913M Shares 93,825 Share Price $31.05 * Est. Cost/Share $27.58 Unrealized @ Report Date 0.0%

— UNILEVER PLC F SPONSORED ADR 1 1.6%

Value $2.767M Shares 49,567 Share Price $55.82 Est. Cost/Share $55.82 Unrealized @ Report Date —

MTZ MASTEC INC 1.6%

Value $2.747M Shares 29,319 Share Price $93.69 * Est. Cost/Share $38.61 Unrealized @ Report Date +121.6%

— HOWARD HUGHES CORP 1.3%

Value $2.193M Shares 23,060 Share Price $95.10 Est. Cost/Share $114.41 Unrealized @ Report Date —

— LIBERTY MEDIA CORP SERIES C LI 1.2%

Value $2.03M Shares 46,033 Share Price $44.10 Est. Cost/Share $31.11 Unrealized @ Report Date —

PFE PFIZER INC 1.0%

Value $1.762M Shares 48,660 Share Price $36.21 * Est. Cost/Share $28.13 Unrealized @ Report Date -0.3%

— BCE INC F 0.9%

Value $1.54M Shares 34,130 Share Price $45.12 Est. Cost/Share $42.78 Unrealized @ Report Date —

SCHO SCHWAB SHORT TERM US TREASURY 0.8%

Value $1.311M Shares 25,570 Share Price $51.27 Est. Cost/Share $51.60 Unrealized @ Report Date —

— FIRST TRUST INT DUR PRF 0.7%

Value $1.101M Shares 46,000 Share Price $23.93 Est. Cost/Share $24.04 Unrealized @ Report Date —

— SPDR S&P 500 ETF IV 0.6%

Value $982K Shares 2,480 Share Price $395.97 Est. Cost/Share $377.88 Unrealized @ Report Date —

— COUPA SOFTWARE INCORPORA 0.4%

Value $660K Shares 2,596 Share Price $254.24 Est. Cost/Share $79.08 Unrealized @ Report Date —

— WISDOMTREE 90 60 U S BALANCED 0.3%

Value $480K Shares 12,870 Share Price $37.30 Est. Cost/Share $30.54 Unrealized @ Report Date —

— WISDOMTREE US QLT DIV GRW ETF 0.3%

Value $473K Shares 8,280 Share Price $57.13 Est. Cost/Share $45.41 Unrealized @ Report Date —

— SVB FINL GROUP 0.1%

Value $246K Shares 500 Share Price $492.00 Est. Cost/Share $492.00 Unrealized @ Report Date —

ARAY ACCURAY INC 0.0%

Value $49,000 Shares 10,000 Share Price $4.90 * Est. Cost/Share $5.05 Unrealized @ Report Date +2.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	90,182	$23.04M	13.7%	$255.46 *	$110.48	+119.8%	COM	084670702
—	SPDR GOLD SHARES ETF	55,852	$8.934M	5.3%	$159.96	$121.16	—	UIUS	78463v107
—	ALPHABET INC. CLASS C	4,023	$8.322M	5.0%	$2068.61	$572.35	—	COM	02079k107
AAPL	APPLE INC	65,955	$8.056M	4.8%	$122.14 *	$84.97	+47.2%	COM	037833100
—	ALPHA ARCHTCT US QUNTV VAL ETF	244,246	$7.941M	4.7%	$32.51	$21.83	—	COM	02072l102
—	ALPHABET INC. CLASS A	3,771	$7.777M	4.6%	$2062.32	$875.83	—	COM	02079k305
MSFT	MICROSOFT CORP	32,957	$7.77M	4.6%	$235.76 *	$26.70	+734.7%	COM	594918104
—	TWITTER INC	103,030	$6.555M	3.9%	$63.62	$31.72	—	COM	90184l102
—	WISDOMTREE EMRG MRKT HG DIV ET	146,800	$6.512M	3.9%	$44.36	$41.83	—	UIUS	97717w315
—	TESLA INC	8,546	$5.708M	3.4%	$667.91	$404.43	—	COM	88160r101
DIS	WALT DISNEY CO	30,680	$5.661M	3.4%	$184.52 *	$100.82	+78.7%	COM	254687106
—	VANECK VECTORS GOLD MINERS ETF	173,174	$5.628M	3.3%	$32.50	$25.88	—	UIUS	92189f106
—	CISCO SYSTEMS INC	102,372	$5.293M	3.1%	$51.70	$27.25	—	COM	17275r102
GLW	CORNING INC	112,266	$4.884M	2.9%	$43.50 *	$12.64	+165.9%	COM	219350105
—	KKR & CO INC	95,165	$4.648M	2.8%	$48.84	$25.76	—	COM	48251w104
CVS	CVS HEALTH CORP	60,140	$4.524M	2.7%	$75.22 *	$55.30	+12.6%	COM	126650100
—	ABBVIE INC	40,047	$4.333M	2.6%	$108.20	$46.39	—	COM	00287y109
ABT	ABBOTT LABORATORIES	34,953	$4.188M	2.5%	$119.82 *	$28.85	+276.6%	COM	002824100
EBAY	EBAY INC	67,155	$4.112M	2.4%	$61.23 *	$38.43	+38.5%	COM	278642103
—	ROYCE VALUE CF	196,798	$3.564M	2.1%	$18.11	$9.92	—	COM	780910105
—	ALPHA ARCHTCT INTR QUNTV VAL E	113,623	$3.278M	1.9%	$28.85	$30.82	—	COM	02072l201
—	EQUITY COMMONWEALTH	112,200	$3.119M	1.9%	$27.80	$31.32	—	COM	294628102
—	BANK OF AMERIC 7.25 PFD CONV	2,157	$3.015M	1.8%	$1397.77	$1421.53	—	CPUS	060505682
VIRT	VIRTU FINL INCORPORA0050 CLASS	93,825	$2.913M	1.7%	$31.05 *	$27.58	0.0%	COM	928254101
—	UNILEVER PLC F SPONSORED ADR 1	49,567	$2.767M	1.6%	$55.82	$55.82	—	COM	904767704
MTZ	MASTEC INC	29,319	$2.747M	1.6%	$93.69 *	$38.61	+121.6%	COM	576323109
—	HOWARD HUGHES CORP	23,060	$2.193M	1.3%	$95.10	$114.41	—	COM	44267d107
—	LIBERTY MEDIA CORP SERIES C LI	46,033	$2.03M	1.2%	$44.10	$31.11	—	COM	531229607
PFE	PFIZER INC	48,660	$1.762M	1.0%	$36.21 *	$28.13	-0.3%	COM	717081103
—	BCE INC F	34,130	$1.54M	0.9%	$45.12	$42.78	—	COM	05534b760
SCHO	SCHWAB SHORT TERM US TREASURY	25,570	$1.311M	0.8%	$51.27	$51.60	—	UHUS	808524862
—	FIRST TRUST INT DUR PRF	46,000	$1.101M	0.7%	$23.93	$24.04	—	UHUS	33718w103
—	SPDR S&P 500 ETF IV	2,480	$982K	0.6%	$395.97	$377.88	—	UIUS	78462f103
—	COUPA SOFTWARE INCORPORA	2,596	$660K	0.4%	$254.24	$79.08	—	COM	22266l106
—	WISDOMTREE 90 60 U S BALANCED	12,870	$480K	0.3%	$37.30	$30.54	—	COM	97717y790
—	WISDOMTREE US QLT DIV GRW ETF	8,280	$473K	0.3%	$57.13	$45.41	—	COM	97717x669
—	SVB FINL GROUP	500	$246K	0.1%	$492.00	$492.00	—	COM	78486q101
ARAY	ACCURAY INC	10,000	$49,000	0.0%	$4.90 *	$5.05	+2.1%	COM	004397105