MENLO ADVISORS LLC Long-Term Concentrated

Location: Menlo Park, CA

CIK: 0001279708 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: Apr 13, 2023

Total Value: $146M (100.0% shares, 0.0% debt)

Holdings (29)

BRK/B BERKSHIRE HATHAWAY CLASS B 16.6%

Value $24.16M Shares 78,258 Share Price $308.76 Est. Cost/Share $115.31 Unrealized @ Report Date +167.3%

— SPDR GOLD SHARES ETF 6.8%

Value $9.969M Shares 54,412 Share Price $183.21 Est. Cost/Share $123.88 Unrealized @ Report Date —

AAPL APPLE INC 6.7%

Value $9.761M Shares 59,196 Share Price $164.89 * Est. Cost/Share $84.97 Unrealized @ Report Date +71.2%

— ALPHABET INC. CLASS C 6.0%

Value $8.705M Shares 83,703 Share Price $104.00 Est. Cost/Share $123.81 Unrealized @ Report Date —

MSFT MICROSOFT CORP 5.9%

Value $8.538M Shares 29,615 Share Price $288.30 * Est. Cost/Share $44.07 Unrealized @ Report Date +466.0%

— ALPHA ARCHTCT US QUNTV VAL ETF 5.7%

Value $8.336M Shares 246,428 Share Price $33.83 Est. Cost/Share $23.09 Unrealized @ Report Date —

— VANECK GOLD MINERS ETF 5.0%

Value $7.274M Shares 224,878 Share Price $32.35 Est. Cost/Share $27.57 Unrealized @ Report Date —

— ALPHABET INC. CLASS A 5.0%

Value $7.227M Shares 69,680 Share Price $103.72 Est. Cost/Share $134.65 Unrealized @ Report Date —

— ABBVIE INC 4.2%

Value $6.056M Shares 38,002 Share Price $159.36 Est. Cost/Share $46.39 Unrealized @ Report Date —

ABT ABBOTT LABORATORIES 3.8%

Value $5.518M Shares 54,497 Share Price $101.25 Est. Cost/Share $61.78 Unrealized @ Report Date +61.9%

— CISCO SYSTEMS INC 3.5%

Value $5.062M Shares 96,843 Share Price $52.27 Est. Cost/Share $27.25 Unrealized @ Report Date —

CVS CVS HEALTH CORP 3.5%

Value $5.029M Shares 67,688 Share Price $74.30 Est. Cost/Share $58.23 Unrealized @ Report Date +29.1%

— TESLA INC 3.2%

Value $4.661M Shares 22,468 Share Price $207.45 Est. Cost/Share $325.70 Unrealized @ Report Date —

— KKR & CO INC 2.8%

Value $4.075M Shares 77,600 Share Price $52.51 Est. Cost/Share $33.98 Unrealized @ Report Date —

LMT LOCKHEED MARTIN CORP 2.7%

Value $3.917M Shares 8,287 Share Price $472.67 * Est. Cost/Share $433.24 Unrealized @ Report Date 0.0%

— ENERGY SELECT SECTOR SPDR ETF 2.2%

Value $3.132M Shares 37,824 Share Price $82.80 Est. Cost/Share $82.80 Unrealized @ Report Date —

MTZ MASTEC INC 1.8%

Value $2.564M Shares 27,155 Share Price $94.42 Est. Cost/Share $65.94 Unrealized @ Report Date +44.2%

— SPROTT URANIUM MINERS ETF 1.7%

Value $2.517M Shares 80,259 Share Price $31.36 Est. Cost/Share $44.31 Unrealized @ Report Date —

— SOUTHWESTERN ENERGY 1.7%

Value $2.499M Shares 499,940 Share Price $5.00 Est. Cost/Share $6.11 Unrealized @ Report Date —

KMB KIMBERLY CLARK CORP 1.7%

Value $2.498M Shares 18,612 Share Price $134.21 * Est. Cost/Share $113.72 Unrealized @ Report Date +2.2%

— ROYCE VALUE CF 1.7%

Value $2.429M Shares 179,010 Share Price $13.57 Est. Cost/Share $9.92 Unrealized @ Report Date —

DIS WALT DISNEY CO 1.6%

Value $2.317M Shares 23,148 Share Price $100.10 Est. Cost/Share $100.82 Unrealized @ Report Date -2.3%

— BOA 7.25 SR L 7.25 PFD CONV 1.3%

Value $1.923M Shares 1,647 Share Price $1167.58 Est. Cost/Share $1419.54 Unrealized @ Report Date —

— WISDOMTREE US QLT DIV GRW ETF 1.2%

Value $1.771M Shares 28,410 Share Price $62.34 Est. Cost/Share $58.08 Unrealized @ Report Date —

— EQUITY COMMONWEALTH 1.2%

Value $1.744M Shares 84,230 Share Price $20.71 Est. Cost/Share $31.32 Unrealized @ Report Date —

— HOWARD HUGHES CORP 1.0%

Value $1.49M Shares 18,635 Share Price $79.96 Est. Cost/Share $114.41 Unrealized @ Report Date —

— BCE INC F 1.0%

Value $1.411M Shares 31,510 Share Price $44.78 Est. Cost/Share $42.86 Unrealized @ Report Date —

— LIBERTY MEDIA CORP SERIES C LI 0.7%

Value $1.052M Shares 37,617 Share Price $27.97 Est. Cost/Share $31.11 Unrealized @ Report Date —

ARAY ACCURAY INC 0.0%

Value $29,000 Shares 10,000 Share Price $2.90 * Est. Cost/Share $5.05 Unrealized @ Report Date -46.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	78,258	$24.16M	16.6%	$308.76	$115.31	+167.3%	COM	084670702
—	SPDR GOLD SHARES ETF	54,412	$9.969M	6.8%	$183.21	$123.88	—	UIUS	78463v107
AAPL	APPLE INC	59,196	$9.761M	6.7%	$164.89 *	$84.97	+71.2%	COM	037833100
—	ALPHABET INC. CLASS C	83,703	$8.705M	6.0%	$104.00	$123.81	—	COM	02079k107
MSFT	MICROSOFT CORP	29,615	$8.538M	5.9%	$288.30 *	$44.07	+466.0%	COM	594918104
—	ALPHA ARCHTCT US QUNTV VAL ETF	246,428	$8.336M	5.7%	$33.83	$23.09	—	COM	02072l102
—	VANECK GOLD MINERS ETF	224,878	$7.274M	5.0%	$32.35	$27.57	—	UIUS	92189f106
—	ALPHABET INC. CLASS A	69,680	$7.227M	5.0%	$103.72	$134.65	—	COM	02079k305
—	ABBVIE INC	38,002	$6.056M	4.2%	$159.36	$46.39	—	COM	00287y109
ABT	ABBOTT LABORATORIES	54,497	$5.518M	3.8%	$101.25	$61.78	+61.9%	COM	002824100
—	CISCO SYSTEMS INC	96,843	$5.062M	3.5%	$52.27	$27.25	—	COM	17275r102
CVS	CVS HEALTH CORP	67,688	$5.029M	3.5%	$74.30	$58.23	+29.1%	COM	126650100
—	TESLA INC	22,468	$4.661M	3.2%	$207.45	$325.70	—	COM	88160r101
—	KKR & CO INC	77,600	$4.075M	2.8%	$52.51	$33.98	—	COM	48251w104
LMT	LOCKHEED MARTIN CORP	8,287	$3.917M	2.7%	$472.67 *	$433.24	0.0%	COM	539830109
—	ENERGY SELECT SECTOR SPDR ETF	37,824	$3.132M	2.2%	$82.80	$82.80	—	COM	81369y506
MTZ	MASTEC INC	27,155	$2.564M	1.8%	$94.42	$65.94	+44.2%	COM	576323109
—	SPROTT URANIUM MINERS ETF	80,259	$2.517M	1.7%	$31.36	$44.31	—	COM	85208p303
—	SOUTHWESTERN ENERGY	499,940	$2.499M	1.7%	$5.00	$6.11	—	COM	845467109
KMB	KIMBERLY CLARK CORP	18,612	$2.498M	1.7%	$134.21 *	$113.72	+2.2%	COM	494368103
—	ROYCE VALUE CF	179,010	$2.429M	1.7%	$13.57	$9.92	—	COM	780910105
DIS	WALT DISNEY CO	23,148	$2.317M	1.6%	$100.10	$100.82	-2.3%	COM	254687106
—	BOA 7.25 SR L 7.25 PFD CONV	1,647	$1.923M	1.3%	$1167.58	$1419.54	—	CPUS	060505682
—	WISDOMTREE US QLT DIV GRW ETF	28,410	$1.771M	1.2%	$62.34	$58.08	—	COM	97717x669
—	EQUITY COMMONWEALTH	84,230	$1.744M	1.2%	$20.71	$31.32	—	COM	294628102
—	HOWARD HUGHES CORP	18,635	$1.49M	1.0%	$79.96	$114.41	—	COM	44267d107
—	BCE INC F	31,510	$1.411M	1.0%	$44.78	$42.86	—	COM	05534b760
—	LIBERTY MEDIA CORP SERIES C LI	37,617	$1.052M	0.7%	$27.97	$31.11	—	COM	531229607
ARAY	ACCURAY INC	10,000	$29,000	0.0%	$2.90 *	$5.05	-46.1%	COM	004397105