MENLO ADVISORS LLC Long-Term Concentrated

Location: Menlo Park, CA

CIK: 0001279708 · Show all filings

Period: Q3 2021 (← Previous) (Next →)

Filing Date: Nov 15, 2021

Total Value: $189M (100.0% shares, 0.0% debt)

Holdings (42)

BRK/B BERKSHIRE HATHAWAY CLASS B 13.0%

Value $24.51M Shares 89,803 Share Price $272.93 * Est. Cost/Share $115.31 Unrealized @ Report Date +143.6%

— ALPHABET INC. CLASS C 5.6%

Value $10.63M Shares 3,988 Share Price $2665.25 Est. Cost/Share $572.35 Unrealized @ Report Date —

— ALPHABET INC. CLASS A 5.1%

Value $9.587M Shares 3,586 Share Price $2673.45 Est. Cost/Share $875.83 Unrealized @ Report Date —

— SPDR GOLD SHARES ETF 5.0%

Value $9.452M Shares 57,562 Share Price $164.21 Est. Cost/Share $123.88 Unrealized @ Report Date —

AAPL APPLE INC 4.9%

Value $9.295M Shares 65,693 Share Price $141.49 Est. Cost/Share $84.97 Unrealized @ Report Date +69.3%

MSFT MICROSOFT CORP 4.7%

Value $8.947M Shares 31,738 Share Price $281.90 Est. Cost/Share $26.70 Unrealized @ Report Date +951.3%

— ALPHA ARCHTCT US QUNTV VAL ETF 4.6%

Value $8.702M Shares 254,431 Share Price $34.20 Est. Cost/Share $22.80 Unrealized @ Report Date —

— KKR & CO INC 3.6%

Value $6.827M Shares 112,145 Share Price $60.88 Est. Cost/Share $33.98 Unrealized @ Report Date —

— TWITTER INC 3.4%

Value $6.511M Shares 107,820 Share Price $60.39 Est. Cost/Share $33.21 Unrealized @ Report Date —

— TESLA INC 3.4%

Value $6.496M Shares 8,378 Share Price $775.36 Est. Cost/Share $404.43 Unrealized @ Report Date —

CVS CVS HEALTH CORP 3.1%

Value $5.952M Shares 70,148 Share Price $84.85 * Est. Cost/Share $57.63 Unrealized @ Report Date +25.8%

— CISCO SYSTEMS INC 2.9%

Value $5.514M Shares 101,308 Share Price $54.43 Est. Cost/Share $27.25 Unrealized @ Report Date —

— VANECK GOLD MINERS ETF 2.6%

Value $5.003M Shares 169,785 Share Price $29.47 Est. Cost/Share $25.88 Unrealized @ Report Date —

— BOA 7.25 SR L 7.25 PFD CONV 2.5%

Value $4.81M Shares 3,335 Share Price $1442.28 Est. Cost/Share $1419.54 Unrealized @ Report Date —

DIS WALT DISNEY CO 2.5%

Value $4.745M Shares 28,053 Share Price $169.14 * Est. Cost/Share $100.82 Unrealized @ Report Date +72.7%

MTZ MASTEC INC 2.5%

Value $4.656M Shares 53,965 Share Price $86.28 * Est. Cost/Share $65.09 Unrealized @ Report Date +45.7%

EBAY EBAY INC 2.4%

Value $4.623M Shares 66,370 Share Price $69.65 * Est. Cost/Share $38.43 Unrealized @ Report Date +72.1%

— ABBVIE INC 2.3%

Value $4.27M Shares 39,587 Share Price $107.86 Est. Cost/Share $46.39 Unrealized @ Report Date —

— WISDOMTREE EMRG MRKT HG DIV ET 2.0%

Value $3.8M Shares 87,100 Share Price $43.63 Est. Cost/Share $41.83 Unrealized @ Report Date —

GLW CORNING INC 2.0%

Value $3.782M Shares 103,666 Share Price $36.48 * Est. Cost/Share $12.64 Unrealized @ Report Date +179.2%

ABT ABBOTT LABORATORIES 2.0%

Value $3.717M Shares 31,469 Share Price $118.12 * Est. Cost/Share $28.85 Unrealized @ Report Date +293.4%

— ROYCE VALUE CF 1.8%

Value $3.481M Shares 193,212 Share Price $18.02 Est. Cost/Share $9.92 Unrealized @ Report Date —

OKTA OKTA INC CLASS A 1.8%

Value $3.41M Shares 14,369 Share Price $237.32 * Est. Cost/Share $241.37 Unrealized @ Report Date +2.9%

SCHO SCHWAB SHORT TERM US TREASURY 1.7%

Value $3.297M Shares 64,420 Share Price $51.18 Est. Cost/Share $51.36 Unrealized @ Report Date —

— UNILEVER PLC F SPONSORED ADR 1 1.6%

Value $3.052M Shares 56,292 Share Price $54.22 Est. Cost/Share $56.09 Unrealized @ Report Date —

— ALPHA ARCHTCT INTR QUNTV VAL E 1.6%

Value $3M Shares 111,038 Share Price $27.02 Est. Cost/Share $30.82 Unrealized @ Report Date —

— EQUITY COMMONWEALTH 1.5%

Value $2.84M Shares 109,335 Share Price $25.98 Est. Cost/Share $31.32 Unrealized @ Report Date —

KMB KIMBERLY CLARK CORP 1.3%

Value $2.421M Shares 18,285 Share Price $132.40 * Est. Cost/Share $113.70 Unrealized @ Report Date +1.6%

VIRT VIRTU FINL INCORPORA0050 CLASS 1.2%

Value $2.304M Shares 94,315 Share Price $24.43 * Est. Cost/Share $27.65 Unrealized @ Report Date -8.1%

— LIBERTY MEDIA CORP SERIES C LI 1.1%

Value $2.093M Shares 44,107 Share Price $47.45 Est. Cost/Share $31.11 Unrealized @ Report Date —

PFE PFIZER INC 1.1%

Value $2.092M Shares 48,660 Share Price $42.99 * Est. Cost/Share $28.13 Unrealized @ Report Date +26.8%

— HOWARD HUGHES CORP 1.0%

Value $1.961M Shares 22,333 Share Price $87.81 Est. Cost/Share $114.41 Unrealized @ Report Date —

— BCE INC F 0.9%

Value $1.727M Shares 34,505 Share Price $50.05 Est. Cost/Share $42.86 Unrealized @ Report Date —

— INVESCO OPTIMUM YIELD DIVERSIF 0.7%

Value $1.263M Shares 60,000 Share Price $21.05 Est. Cost/Share $20.08 Unrealized @ Report Date —

— FIRST TRUST INT DUR PRF 0.6%

Value $1.169M Shares 46,750 Share Price $25.01 Est. Cost/Share $24.06 Unrealized @ Report Date —

— SPDR S&P 500 ETF 0.6%

Value $1.064M Shares 2,480 Share Price $429.03 Est. Cost/Share $378.87 Unrealized @ Report Date —

— COUPA SOFTWARE INCORPORA 0.3%

Value $568K Shares 2,596 Share Price $218.80 Est. Cost/Share $79.08 Unrealized @ Report Date —

— WISDOMTREE US EFFICIENT CORE E 0.3%

Value $524K Shares 12,870 Share Price $40.71 Est. Cost/Share $30.54 Unrealized @ Report Date —

— WISDOMTREE US QLT DIV GRW ETF 0.3%

Value $487K Shares 8,280 Share Price $58.82 Est. Cost/Share $45.41 Unrealized @ Report Date —

— SVB FINL GROUP 0.2%

Value $323K Shares 500 Share Price $646.00 Est. Cost/Share $492.00 Unrealized @ Report Date —

HD HOME DEPOT INC 0.1%

Value $208K Shares 636 Share Price $327.04 * Est. Cost/Share $283.84 Unrealized @ Report Date +3.8%

ARAY ACCURAY INC 0.0%

Value $39,000 Shares 10,000 Share Price $3.90 Est. Cost/Share $5.05 Unrealized @ Report Date -21.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	89,803	$24.51M	13.0%	$272.93 *	$115.31	+143.6%	COM	084670702
—	ALPHABET INC. CLASS C	3,988	$10.63M	5.6%	$2665.25	$572.35	—	COM	02079k107
—	ALPHABET INC. CLASS A	3,586	$9.587M	5.1%	$2673.45	$875.83	—	COM	02079k305
—	SPDR GOLD SHARES ETF	57,562	$9.452M	5.0%	$164.21	$123.88	—	UIUS	78463v107
AAPL	APPLE INC	65,693	$9.295M	4.9%	$141.49	$84.97	+69.3%	COM	037833100
MSFT	MICROSOFT CORP	31,738	$8.947M	4.7%	$281.90	$26.70	+951.3%	COM	594918104
—	ALPHA ARCHTCT US QUNTV VAL ETF	254,431	$8.702M	4.6%	$34.20	$22.80	—	COM	02072l102
—	KKR & CO INC	112,145	$6.827M	3.6%	$60.88	$33.98	—	COM	48251w104
—	TWITTER INC	107,820	$6.511M	3.4%	$60.39	$33.21	—	COM	90184l102
—	TESLA INC	8,378	$6.496M	3.4%	$775.36	$404.43	—	COM	88160r101
CVS	CVS HEALTH CORP	70,148	$5.952M	3.1%	$84.85 *	$57.63	+25.8%	COM	126650100
—	CISCO SYSTEMS INC	101,308	$5.514M	2.9%	$54.43	$27.25	—	COM	17275r102
—	VANECK GOLD MINERS ETF	169,785	$5.003M	2.6%	$29.47	$25.88	—	UIUS	92189f106
—	BOA 7.25 SR L 7.25 PFD CONV	3,335	$4.81M	2.5%	$1442.28	$1419.54	—	CPUS	060505682
DIS	WALT DISNEY CO	28,053	$4.745M	2.5%	$169.14 *	$100.82	+72.7%	COM	254687106
MTZ	MASTEC INC	53,965	$4.656M	2.5%	$86.28 *	$65.09	+45.7%	COM	576323109
EBAY	EBAY INC	66,370	$4.623M	2.4%	$69.65 *	$38.43	+72.1%	COM	278642103
—	ABBVIE INC	39,587	$4.27M	2.3%	$107.86	$46.39	—	COM	00287y109
—	WISDOMTREE EMRG MRKT HG DIV ET	87,100	$3.8M	2.0%	$43.63	$41.83	—	UIUS	97717w315
GLW	CORNING INC	103,666	$3.782M	2.0%	$36.48 *	$12.64	+179.2%	COM	219350105
ABT	ABBOTT LABORATORIES	31,469	$3.717M	2.0%	$118.12 *	$28.85	+293.4%	COM	002824100
—	ROYCE VALUE CF	193,212	$3.481M	1.8%	$18.02	$9.92	—	COM	780910105
OKTA	OKTA INC CLASS A	14,369	$3.41M	1.8%	$237.32 *	$241.37	+2.9%	COM	679295105
SCHO	SCHWAB SHORT TERM US TREASURY	64,420	$3.297M	1.7%	$51.18	$51.36	—	UHUS	808524862
—	UNILEVER PLC F SPONSORED ADR 1	56,292	$3.052M	1.6%	$54.22	$56.09	—	COM	904767704
—	ALPHA ARCHTCT INTR QUNTV VAL E	111,038	$3M	1.6%	$27.02	$30.82	—	COM	02072l201
—	EQUITY COMMONWEALTH	109,335	$2.84M	1.5%	$25.98	$31.32	—	COM	294628102
KMB	KIMBERLY CLARK CORP	18,285	$2.421M	1.3%	$132.40 *	$113.70	+1.6%	COM	494368103
VIRT	VIRTU FINL INCORPORA0050 CLASS	94,315	$2.304M	1.2%	$24.43 *	$27.65	-8.1%	COM	928254101
—	LIBERTY MEDIA CORP SERIES C LI	44,107	$2.093M	1.1%	$47.45	$31.11	—	COM	531229607
PFE	PFIZER INC	48,660	$2.092M	1.1%	$42.99 *	$28.13	+26.8%	COM	717081103
—	HOWARD HUGHES CORP	22,333	$1.961M	1.0%	$87.81	$114.41	—	COM	44267d107
—	BCE INC F	34,505	$1.727M	0.9%	$50.05	$42.86	—	COM	05534b760
—	INVESCO OPTIMUM YIELD DIVERSIF	60,000	$1.263M	0.7%	$21.05	$20.08	—	COM	46090f100
—	FIRST TRUST INT DUR PRF	46,750	$1.169M	0.6%	$25.01	$24.06	—	UHUS	33718w103
—	SPDR S&P 500 ETF	2,480	$1.064M	0.6%	$429.03	$378.87	—	UIUS	78462f103
—	COUPA SOFTWARE INCORPORA	2,596	$568K	0.3%	$218.80	$79.08	—	COM	22266l106
—	WISDOMTREE US EFFICIENT CORE E	12,870	$524K	0.3%	$40.71	$30.54	—	COM	97717y790
—	WISDOMTREE US QLT DIV GRW ETF	8,280	$487K	0.3%	$58.82	$45.41	—	COM	97717x669
—	SVB FINL GROUP	500	$323K	0.2%	$646.00	$492.00	—	COM	78486q101
HD	HOME DEPOT INC	636	$208K	0.1%	$327.04 *	$283.84	+3.8%	COM	437076102
ARAY	ACCURAY INC	10,000	$39,000	0.0%	$3.90	$5.05	-21.4%	COM	004397105