MENLO ADVISORS LLC Long-Term Concentrated

Location: Menlo Park, CA

CIK: 0001279708 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 15, 2023

Total Value: $159M (100.0% shares, 0.0% debt)

Holdings (31)

BRK/B BERKSHIRE HATHAWAY CLASS B 16.5%

Value $26.24M Shares 76,953 Share Price $340.99 * Est. Cost/Share $115.31 Unrealized @ Report Date +183.0%

AAPL APPLE INC 7.2%

Value $11.36M Shares 58,571 Share Price $193.97 * Est. Cost/Share $84.97 Unrealized @ Report Date +102.5%

— ALPHABET INC. CLASS C 6.3%

Value $9.951M Shares 82,263 Share Price $120.97 Est. Cost/Share $123.81 Unrealized @ Report Date —

MSFT MICROSOFT CORP 6.1%

Value $9.743M Shares 28,610 Share Price $340.55 * Est. Cost/Share $44.07 Unrealized @ Report Date +597.1%

— SPDR GOLD SHARES ETF 6.1%

Value $9.634M Shares 54,047 Share Price $178.25 Est. Cost/Share $123.88 Unrealized @ Report Date —

— ALPHA ARCHTCT US QUNTV VAL ETF 5.4%

Value $8.495M Shares 245,523 Share Price $34.60 Est. Cost/Share $23.09 Unrealized @ Report Date —

— ALPHABET INC. CLASS A 5.2%

Value $8.271M Shares 69,100 Share Price $119.70 Est. Cost/Share $134.65 Unrealized @ Report Date —

— VANECK GOLD MINERS ETF 4.2%

Value $6.717M Shares 223,105 Share Price $30.11 Est. Cost/Share $27.57 Unrealized @ Report Date —

CVS CVS HEALTH CORP 3.8%

Value $6.105M Shares 88,314 Share Price $69.13 * Est. Cost/Share $59.65 Unrealized @ Report Date +7.8%

ABT ABBOTT LABORATORIES 3.7%

Value $5.843M Shares 53,597 Share Price $109.02 * Est. Cost/Share $61.78 Unrealized @ Report Date +64.2%

— TESLA INC 3.6%

Value $5.784M Shares 22,099 Share Price $261.73 Est. Cost/Share $325.70 Unrealized @ Report Date —

LMT LOCKHEED MARTIN CORP 3.6%

Value $5.734M Shares 12,456 Share Price $460.34 * Est. Cost/Share $432.65 Unrealized @ Report Date -0.3%

— ABBVIE INC 3.2%

Value $5.075M Shares 37,672 Share Price $134.72 Est. Cost/Share $46.39 Unrealized @ Report Date —

— CISCO SYSTEMS INC 3.1%

Value $4.989M Shares 96,443 Share Price $51.73 Est. Cost/Share $27.25 Unrealized @ Report Date —

— KKR & CO INC 2.7%

Value $4.3M Shares 76,800 Share Price $55.99 Est. Cost/Share $33.98 Unrealized @ Report Date —

— ENERGY SELECT SECTOR SPDR ETF 2.4%

Value $3.868M Shares 47,664 Share Price $81.15 Est. Cost/Share $82.46 Unrealized @ Report Date —

MTZ MASTEC INC 2.0%

Value $3.164M Shares 26,825 Share Price $117.95 * Est. Cost/Share $65.94 Unrealized @ Report Date +48.5%

— SOUTHWESTERN ENERGY 1.8%

Value $2.905M Shares 483,490 Share Price $6.01 Est. Cost/Share $6.11 Unrealized @ Report Date —

— ROYCE VALUE CF 1.8%

Value $2.78M Shares 201,516 Share Price $13.80 Est. Cost/Share $10.35 Unrealized @ Report Date —

— SPROTT URANIUM MINERS ETF 1.6%

Value $2.617M Shares 77,959 Share Price $33.57 Est. Cost/Share $44.31 Unrealized @ Report Date —

KMB KIMBERLY CLARK CORP 1.6%

Value $2.545M Shares 18,437 Share Price $138.04 * Est. Cost/Share $113.72 Unrealized @ Report Date +10.6%

— WISDOMTREE US QLT DIV GRW ETF 1.2%

Value $1.893M Shares 28,410 Share Price $66.63 Est. Cost/Share $58.08 Unrealized @ Report Date —

DIS WALT DISNEY CO 1.2%

Value $1.848M Shares 20,708 Share Price $89.24 * Est. Cost/Share $100.82 Unrealized @ Report Date -8.2%

— BOA 7.25 SR L 7.25 PFD CONV 1.2%

Value $1.847M Shares 1,577 Share Price $1171.21 Est. Cost/Share $1419.54 Unrealized @ Report Date —

— EQUITY COMMONWEALTH 1.0%

Value $1.656M Shares 81,750 Share Price $20.26 Est. Cost/Share $31.32 Unrealized @ Report Date —

— BCE INC F 0.9%

Value $1.419M Shares 31,135 Share Price $45.58 Est. Cost/Share $42.86 Unrealized @ Report Date —

— HOWARD HUGHES CORP XXX NAME CH 0.8%

Value $1.256M Shares 15,921 Share Price $78.89 Est. Cost/Share $114.41 Unrealized @ Report Date —

— SPDR S&P BIOTECH ETF 0.8%

Value $1.256M Shares 15,106 Share Price $83.15 Est. Cost/Share $83.15 Unrealized @ Report Date —

— LIBERTY MEDIA CORP 0.8%

Value $1.196M Shares 36,547 Share Price $32.72 Est. Cost/Share $32.72 Unrealized @ Report Date —

— SPDR S&P 500 ETF 0.1%

Value $208K Shares 470 Share Price $442.55 Est. Cost/Share $442.55 Unrealized @ Report Date —

ARAY ACCURAY INC 0.0%

Value $38,000 Shares 10,000 Share Price $3.80 * Est. Cost/Share $5.05 Unrealized @ Report Date -31.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	76,953	$26.24M	16.5%	$340.99 *	$115.31	+183.0%	COM	084670702
AAPL	APPLE INC	58,571	$11.36M	7.2%	$193.97 *	$84.97	+102.5%	COM	037833100
—	ALPHABET INC. CLASS C	82,263	$9.951M	6.3%	$120.97	$123.81	—	COM	02079k107
MSFT	MICROSOFT CORP	28,610	$9.743M	6.1%	$340.55 *	$44.07	+597.1%	COM	594918104
—	SPDR GOLD SHARES ETF	54,047	$9.634M	6.1%	$178.25	$123.88	—	UIUS	78463v107
—	ALPHA ARCHTCT US QUNTV VAL ETF	245,523	$8.495M	5.4%	$34.60	$23.09	—	COM	02072l102
—	ALPHABET INC. CLASS A	69,100	$8.271M	5.2%	$119.70	$134.65	—	COM	02079k305
—	VANECK GOLD MINERS ETF	223,105	$6.717M	4.2%	$30.11	$27.57	—	UIUS	92189f106
CVS	CVS HEALTH CORP	88,314	$6.105M	3.8%	$69.13 *	$59.65	+7.8%	COM	126650100
ABT	ABBOTT LABORATORIES	53,597	$5.843M	3.7%	$109.02 *	$61.78	+64.2%	COM	002824100
—	TESLA INC	22,099	$5.784M	3.6%	$261.73	$325.70	—	COM	88160r101
LMT	LOCKHEED MARTIN CORP	12,456	$5.734M	3.6%	$460.34 *	$432.65	-0.3%	COM	539830109
—	ABBVIE INC	37,672	$5.075M	3.2%	$134.72	$46.39	—	COM	00287y109
—	CISCO SYSTEMS INC	96,443	$4.989M	3.1%	$51.73	$27.25	—	COM	17275r102
—	KKR & CO INC	76,800	$4.3M	2.7%	$55.99	$33.98	—	COM	48251w104
—	ENERGY SELECT SECTOR SPDR ETF	47,664	$3.868M	2.4%	$81.15	$82.46	—	COM	81369y506
MTZ	MASTEC INC	26,825	$3.164M	2.0%	$117.95 *	$65.94	+48.5%	COM	576323109
—	SOUTHWESTERN ENERGY	483,490	$2.905M	1.8%	$6.01	$6.11	—	COM	845467109
—	ROYCE VALUE CF	201,516	$2.78M	1.8%	$13.80	$10.35	—	COM	780910105
—	SPROTT URANIUM MINERS ETF	77,959	$2.617M	1.6%	$33.57	$44.31	—	COM	85208p303
KMB	KIMBERLY CLARK CORP	18,437	$2.545M	1.6%	$138.04 *	$113.72	+10.6%	COM	494368103
—	WISDOMTREE US QLT DIV GRW ETF	28,410	$1.893M	1.2%	$66.63	$58.08	—	COM	97717x669
DIS	WALT DISNEY CO	20,708	$1.848M	1.2%	$89.24 *	$100.82	-8.2%	COM	254687106
—	BOA 7.25 SR L 7.25 PFD CONV	1,577	$1.847M	1.2%	$1171.21	$1419.54	—	CPUS	060505682
—	EQUITY COMMONWEALTH	81,750	$1.656M	1.0%	$20.26	$31.32	—	COM	294628102
—	BCE INC F	31,135	$1.419M	0.9%	$45.58	$42.86	—	COM	05534b760
—	HOWARD HUGHES CORP XXX NAME CH	15,921	$1.256M	0.8%	$78.89	$114.41	—	COM	44267d107
—	SPDR S&P BIOTECH ETF	15,106	$1.256M	0.8%	$83.15	$83.15	—	COM	78464a870
—	LIBERTY MEDIA CORP	36,547	$1.196M	0.8%	$32.72	$32.72	—	COM	531229789
—	SPDR S&P 500 ETF	470	$208K	0.1%	$442.55	$442.55	—	UIUS	78462f103
ARAY	ACCURAY INC	10,000	$38,000	0.0%	$3.80 *	$5.05	-31.4%	COM	004397105