MENLO ADVISORS LLC Long-Term Concentrated

Location: Menlo Park, CA

CIK: 0001279708 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 14, 2023

Total Value: $133M (100.0% shares, 0.0% debt)

Holdings (28)

BRK/B BERKSHIRE HATHAWAY CLASS B 19.0%

Value $25.32M Shares 81,977 Share Price $308.89 * Est. Cost/Share $115.31 Unrealized @ Report Date +157.5%

— SPDR GOLD SHARES ETF 6.9%

Value $9.231M Shares 54,417 Share Price $169.63 Est. Cost/Share $123.88 Unrealized @ Report Date —

— ALPHA ARCHTCT US QUNTV VAL ETF 6.0%

Value $7.926M Shares 246,428 Share Price $32.16 Est. Cost/Share $23.09 Unrealized @ Report Date —

AAPL APPLE INC 5.8%

Value $7.691M Shares 59,196 Share Price $129.92 * Est. Cost/Share $84.97 Unrealized @ Report Date +65.6%

— ALPHABET INC. CLASS C 5.6%

Value $7.424M Shares 83,678 Share Price $88.72 Est. Cost/Share $123.81 Unrealized @ Report Date —

MSFT MICROSOFT CORP 5.3%

Value $7.102M Shares 29,615 Share Price $239.81 * Est. Cost/Share $44.07 Unrealized @ Report Date +431.1%

— VANECK GOLD MINERS ETF 4.8%

Value $6.445M Shares 224,878 Share Price $28.66 Est. Cost/Share $27.57 Unrealized @ Report Date —

CVS CVS HEALTH CORP 4.8%

Value $6.351M Shares 68,158 Share Price $93.18 * Est. Cost/Share $58.23 Unrealized @ Report Date +47.6%

— ALPHABET INC. CLASS A 4.6%

Value $6.147M Shares 69,680 Share Price $88.22 Est. Cost/Share $134.65 Unrealized @ Report Date —

— ABBVIE INC 4.6%

Value $6.141M Shares 38,002 Share Price $161.60 Est. Cost/Share $46.39 Unrealized @ Report Date —

ABT ABBOTT LABORATORIES 4.5%

Value $6.016M Shares 54,797 Share Price $109.79 * Est. Cost/Share $61.78 Unrealized @ Report Date +58.0%

— CISCO SYSTEMS INC 3.5%

Value $4.613M Shares 96,843 Share Price $47.63 Est. Cost/Share $27.25 Unrealized @ Report Date —

— KKR & CO INC 2.7%

Value $3.646M Shares 78,555 Share Price $46.41 Est. Cost/Share $33.98 Unrealized @ Report Date —

— BOA 7.25 SR L 7.25 PFD CONV 2.6%

Value $3.46M Shares 2,983 Share Price $1159.91 Est. Cost/Share $1419.54 Unrealized @ Report Date —

— SOUTHWESTERN ENERGY 2.3%

Value $3.064M Shares 523,790 Share Price $5.85 Est. Cost/Share $6.11 Unrealized @ Report Date —

— TESLA INC 2.1%

Value $2.767M Shares 22,468 Share Price $123.15 Est. Cost/Share $325.70 Unrealized @ Report Date —

KMB KIMBERLY CLARK CORP 1.9%

Value $2.526M Shares 18,612 Share Price $135.72 * Est. Cost/Share $113.72 Unrealized @ Report Date -0.9%

— SPROTT URANIUM MINERS ETF 1.9%

Value $2.521M Shares 79,429 Share Price $31.74 Est. Cost/Share $44.45 Unrealized @ Report Date —

— ROYCE VALUE CF 1.8%

Value $2.397M Shares 180,789 Share Price $13.26 Est. Cost/Share $9.92 Unrealized @ Report Date —

MTZ MASTEC INC 1.7%

Value $2.329M Shares 27,305 Share Price $85.30 * Est. Cost/Share $65.94 Unrealized @ Report Date +24.4%

— EQUITY COMMONWEALTH 1.6%

Value $2.104M Shares 84,295 Share Price $24.96 Est. Cost/Share $31.32 Unrealized @ Report Date —

DIS WALT DISNEY CO 1.6%

Value $2.065M Shares 23,778 Share Price $86.84 * Est. Cost/Share $100.82 Unrealized @ Report Date -7.3%

— LIBERTY MEDIA CORP SERIES C LI 1.1%

Value $1.521M Shares 38,892 Share Price $39.11 Est. Cost/Share $31.11 Unrealized @ Report Date —

— HOWARD HUGHES CORP 1.1%

Value $1.424M Shares 18,635 Share Price $76.42 Est. Cost/Share $114.41 Unrealized @ Report Date —

— BCE INC F 1.0%

Value $1.384M Shares 31,510 Share Price $43.92 Est. Cost/Share $42.86 Unrealized @ Report Date —

— WISDOMTREE US QLT DIV GRW ETF 0.9%

Value $1.249M Shares 20,705 Share Price $60.32 Est. Cost/Share $56.50 Unrealized @ Report Date —

HD HOME DEPOT INC 0.2%

Value $200K Shares 636 Share Price $314.47 * Est. Cost/Share $281.19 Unrealized @ Report Date 0.0%

ARAY ACCURAY INC 0.0%

Value $20,000 Shares 10,000 Share Price $2.00 * Est. Cost/Share $5.05 Unrealized @ Report Date -59.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	81,977	$25.32M	19.0%	$308.89 *	$115.31	+157.5%	COM	084670702
—	SPDR GOLD SHARES ETF	54,417	$9.231M	6.9%	$169.63	$123.88	—	UIUS	78463v107
—	ALPHA ARCHTCT US QUNTV VAL ETF	246,428	$7.926M	6.0%	$32.16	$23.09	—	COM	02072l102
AAPL	APPLE INC	59,196	$7.691M	5.8%	$129.92 *	$84.97	+65.6%	COM	037833100
—	ALPHABET INC. CLASS C	83,678	$7.424M	5.6%	$88.72	$123.81	—	COM	02079k107
MSFT	MICROSOFT CORP	29,615	$7.102M	5.3%	$239.81 *	$44.07	+431.1%	COM	594918104
—	VANECK GOLD MINERS ETF	224,878	$6.445M	4.8%	$28.66	$27.57	—	UIUS	92189f106
CVS	CVS HEALTH CORP	68,158	$6.351M	4.8%	$93.18 *	$58.23	+47.6%	COM	126650100
—	ALPHABET INC. CLASS A	69,680	$6.147M	4.6%	$88.22	$134.65	—	COM	02079k305
—	ABBVIE INC	38,002	$6.141M	4.6%	$161.60	$46.39	—	COM	00287y109
ABT	ABBOTT LABORATORIES	54,797	$6.016M	4.5%	$109.79 *	$61.78	+58.0%	COM	002824100
—	CISCO SYSTEMS INC	96,843	$4.613M	3.5%	$47.63	$27.25	—	COM	17275r102
—	KKR & CO INC	78,555	$3.646M	2.7%	$46.41	$33.98	—	COM	48251w104
—	BOA 7.25 SR L 7.25 PFD CONV	2,983	$3.46M	2.6%	$1159.91	$1419.54	—	CPUS	060505682
—	SOUTHWESTERN ENERGY	523,790	$3.064M	2.3%	$5.85	$6.11	—	COM	845467109
—	TESLA INC	22,468	$2.767M	2.1%	$123.15	$325.70	—	COM	88160r101
KMB	KIMBERLY CLARK CORP	18,612	$2.526M	1.9%	$135.72 *	$113.72	-0.9%	COM	494368103
—	SPROTT URANIUM MINERS ETF	79,429	$2.521M	1.9%	$31.74	$44.45	—	COM	85208p303
—	ROYCE VALUE CF	180,789	$2.397M	1.8%	$13.26	$9.92	—	COM	780910105
MTZ	MASTEC INC	27,305	$2.329M	1.7%	$85.30 *	$65.94	+24.4%	COM	576323109
—	EQUITY COMMONWEALTH	84,295	$2.104M	1.6%	$24.96	$31.32	—	COM	294628102
DIS	WALT DISNEY CO	23,778	$2.065M	1.6%	$86.84 *	$100.82	-7.3%	COM	254687106
—	LIBERTY MEDIA CORP SERIES C LI	38,892	$1.521M	1.1%	$39.11	$31.11	—	COM	531229607
—	HOWARD HUGHES CORP	18,635	$1.424M	1.1%	$76.42	$114.41	—	COM	44267d107
—	BCE INC F	31,510	$1.384M	1.0%	$43.92	$42.86	—	COM	05534b760
—	WISDOMTREE US QLT DIV GRW ETF	20,705	$1.249M	0.9%	$60.32	$56.50	—	COM	97717x669
HD	HOME DEPOT INC	636	$200K	0.2%	$314.47 *	$281.19	0.0%	COM	437076102
ARAY	ACCURAY INC	10,000	$20,000	0.0%	$2.00 *	$5.05	-59.1%	COM	004397105