MENLO ADVISORS LLC Long-Term Concentrated

Location: Menlo Park, CA

CIK: 0001279708 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Oct 12, 2023

Total Value: $152M (100.0% shares, 0.0% debt)

Holdings (31)

BRK/B BERKSHIRE HATHAWAY CLASS B 15.9%

Value $24.15M Shares 68,947 Share Price $350.30 Est. Cost/Share $115.31 Unrealized @ Report Date +207.7%

— ALPHABET INC. CLASS C 7.0%

Value $10.65M Shares 80,763 Share Price $131.84 Est. Cost/Share $123.81 Unrealized @ Report Date —

AAPL APPLE INC 6.2%

Value $9.418M Shares 55,011 Share Price $171.20 * Est. Cost/Share $84.97 Unrealized @ Report Date +113.4%

— SPDR GOLD SHARES ETF 6.1%

Value $9.252M Shares 53,967 Share Price $171.44 Est. Cost/Share $123.88 Unrealized @ Report Date —

— ALPHA ARCHTCT US QUNTV VAL ETF 6.0%

Value $9.181M Shares 247,423 Share Price $37.11 Est. Cost/Share $23.09 Unrealized @ Report Date —

MSFT MICROSOFT CORP 5.9%

Value $9.029M Shares 28,595 Share Price $315.75 * Est. Cost/Share $44.07 Unrealized @ Report Date +636.5%

— ALPHABET INC. CLASS A 5.9%

Value $8.995M Shares 68,740 Share Price $130.86 Est. Cost/Share $134.65 Unrealized @ Report Date —

ABT ABBOTT LABORATORIES 4.4%

Value $6.774M Shares 69,952 Share Price $96.84 * Est. Cost/Share $70.82 Unrealized @ Report Date +41.8%

— VANECK GOLD MINERS ETF 3.9%

Value $5.992M Shares 222,680 Share Price $26.91 Est. Cost/Share $27.57 Unrealized @ Report Date —

CVS CVS HEALTH CORP 3.9%

Value $5.957M Shares 85,324 Share Price $69.82 * Est. Cost/Share $59.65 Unrealized @ Report Date +8.2%

— ABBVIE INC 3.7%

Value $5.615M Shares 37,672 Share Price $149.05 Est. Cost/Share $46.39 Unrealized @ Report Date —

— TESLA INC 3.6%

Value $5.529M Shares 22,099 Share Price $250.19 Est. Cost/Share $325.70 Unrealized @ Report Date —

— CISCO SYSTEMS INC 3.4%

Value $5.184M Shares 96,443 Share Price $53.75 Est. Cost/Share $27.25 Unrealized @ Report Date —

LMT LOCKHEED MARTIN CORP 3.3%

Value $5.086M Shares 12,437 Share Price $408.94 Est. Cost/Share $432.65 Unrealized @ Report Date -4.1%

— KKR & CO INC 3.1%

Value $4.73M Shares 76,800 Share Price $61.59 Est. Cost/Share $33.98 Unrealized @ Report Date —

— ENERGY SELECT SECTOR SPDR ETF 3.1%

Value $4.66M Shares 51,559 Share Price $90.38 Est. Cost/Share $83.06 Unrealized @ Report Date —

— SPROTT URANIUM MINERS ETF 2.4%

Value $3.679M Shares 77,999 Share Price $47.17 Est. Cost/Share $44.31 Unrealized @ Report Date —

— SOUTHWESTERN ENERGY 2.0%

Value $3.118M Shares 483,490 Share Price $6.45 Est. Cost/Share $6.11 Unrealized @ Report Date —

— ROYCE VALUE CF 1.7%

Value $2.593M Shares 201,516 Share Price $12.87 Est. Cost/Share $10.35 Unrealized @ Report Date —

KMB KIMBERLY CLARK CORP 1.5%

Value $2.228M Shares 18,437 Share Price $120.84 * Est. Cost/Share $113.72 Unrealized @ Report Date +3.5%

MTZ MASTEC INC 1.3%

Value $1.919M Shares 26,665 Share Price $71.97 * Est. Cost/Share $65.94 Unrealized @ Report Date +51.2%

— WISDOMTREE US QLT DIV GRW ETF 1.2%

Value $1.803M Shares 28,410 Share Price $63.46 Est. Cost/Share $58.08 Unrealized @ Report Date —

DIS WALT DISNEY CO 1.1%

Value $1.678M Shares 20,708 Share Price $81.03 * Est. Cost/Share $100.82 Unrealized @ Report Date -17.2%

— HOWARD HUGHES HOLDING CO 0.8%

Value $1.18M Shares 15,921 Share Price $74.12 Est. Cost/Share $74.12 Unrealized @ Report Date —

— SPDR S&P BIOTECH ETF 0.7%

Value $1.103M Shares 15,106 Share Price $73.02 Est. Cost/Share $83.15 Unrealized @ Report Date —

— LIBERTY MEDIA CORP 0.6%

Value $906K Shares 35,616 Share Price $25.44 Est. Cost/Share $32.72 Unrealized @ Report Date —

— DIREXION DAILY S&P 500 BEAR 3X 0.5%

Value $789K Shares 50,000 Share Price $15.78 Est. Cost/Share $15.78 Unrealized @ Report Date —

— PUT INVESCO QQQ TR 330 EXP 01 0.3%

Value $413K Shares 650 Share Price $635.38 Est. Cost/Share $635.38 Unrealized @ Report Date —

— PUT SPDR S&P 500 410 EXP 01/1 0.3%

Value $396K Shares 500 Share Price $792.00 Est. Cost/Share $792.00 Unrealized @ Report Date —

— SPDR S&P 500 ETF 0.1%

Value $200K Shares 470 Share Price $425.53 Est. Cost/Share $442.55 Unrealized @ Report Date —

ARAY ACCURAY INC 0.0%

Value $27,000 Shares 10,000 Share Price $2.70 * Est. Cost/Share $5.05 Unrealized @ Report Date -34.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	68,947	$24.15M	15.9%	$350.30	$115.31	+207.7%	COM	084670702
—	ALPHABET INC. CLASS C	80,763	$10.65M	7.0%	$131.84	$123.81	—	COM	02079k107
AAPL	APPLE INC	55,011	$9.418M	6.2%	$171.20 *	$84.97	+113.4%	COM	037833100
—	SPDR GOLD SHARES ETF	53,967	$9.252M	6.1%	$171.44	$123.88	—	UIUS	78463v107
—	ALPHA ARCHTCT US QUNTV VAL ETF	247,423	$9.181M	6.0%	$37.11	$23.09	—	COM	02072l102
MSFT	MICROSOFT CORP	28,595	$9.029M	5.9%	$315.75 *	$44.07	+636.5%	COM	594918104
—	ALPHABET INC. CLASS A	68,740	$8.995M	5.9%	$130.86	$134.65	—	COM	02079k305
ABT	ABBOTT LABORATORIES	69,952	$6.774M	4.4%	$96.84 *	$70.82	+41.8%	COM	002824100
—	VANECK GOLD MINERS ETF	222,680	$5.992M	3.9%	$26.91	$27.57	—	UIUS	92189f106
CVS	CVS HEALTH CORP	85,324	$5.957M	3.9%	$69.82 *	$59.65	+8.2%	COM	126650100
—	ABBVIE INC	37,672	$5.615M	3.7%	$149.05	$46.39	—	COM	00287y109
—	TESLA INC	22,099	$5.529M	3.6%	$250.19	$325.70	—	COM	88160r101
—	CISCO SYSTEMS INC	96,443	$5.184M	3.4%	$53.75	$27.25	—	COM	17275r102
LMT	LOCKHEED MARTIN CORP	12,437	$5.086M	3.3%	$408.94	$432.65	-4.1%	COM	539830109
—	KKR & CO INC	76,800	$4.73M	3.1%	$61.59	$33.98	—	COM	48251w104
—	ENERGY SELECT SECTOR SPDR ETF	51,559	$4.66M	3.1%	$90.38	$83.06	—	COM	81369y506
—	SPROTT URANIUM MINERS ETF	77,999	$3.679M	2.4%	$47.17	$44.31	—	COM	85208p303
—	SOUTHWESTERN ENERGY	483,490	$3.118M	2.0%	$6.45	$6.11	—	COM	845467109
—	ROYCE VALUE CF	201,516	$2.593M	1.7%	$12.87	$10.35	—	COM	780910105
KMB	KIMBERLY CLARK CORP	18,437	$2.228M	1.5%	$120.84 *	$113.72	+3.5%	COM	494368103
MTZ	MASTEC INC	26,665	$1.919M	1.3%	$71.97 *	$65.94	+51.2%	COM	576323109
—	WISDOMTREE US QLT DIV GRW ETF	28,410	$1.803M	1.2%	$63.46	$58.08	—	COM	97717x669
DIS	WALT DISNEY CO	20,708	$1.678M	1.1%	$81.03 *	$100.82	-17.2%	COM	254687106
—	HOWARD HUGHES HOLDING CO	15,921	$1.18M	0.8%	$74.12	$74.12	—	COM	44267t102
—	SPDR S&P BIOTECH ETF	15,106	$1.103M	0.7%	$73.02	$83.15	—	COM	78464a870
—	LIBERTY MEDIA CORP	35,616	$906K	0.6%	$25.44	$32.72	—	COM	531229789
—	DIREXION DAILY S&P 500 BEAR 3X	50,000	$789K	0.5%	$15.78	$15.78	—	COM	25460e265
—	PUT INVESCO QQQ TR 330 EXP 01	650	$413K	0.3%	$635.38	$635.38	—	PTUS	46090E953
—	PUT SPDR S&P 500 410 EXP 01/1	500	$396K	0.3%	$792.00	$792.00	—	PTUS	78462F953
—	SPDR S&P 500 ETF	470	$200K	0.1%	$425.53	$442.55	—	UIUS	78462f103
ARAY	ACCURAY INC	10,000	$27,000	0.0%	$2.70 *	$5.05	-34.7%	COM	004397105