MENLO ADVISORS LLC Long-Term Concentrated

Location: Menlo Park, CA

CIK: 0001279708 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 13, 2024

Total Value: $163M (100.0% shares, 0.0% debt)

Holdings (28)

BRK/B BERKSHIRE HATHAWAY CLASS B 14.6%

Value $23.68M Shares 66,402 Share Price $356.65 Est. Cost/Share $115.31 Unrealized @ Report Date +204.4%

— ALPHABET INC. CLASS C 6.9%

Value $11.26M Shares 79,873 Share Price $140.92 Est. Cost/Share $123.81 Unrealized @ Report Date —

MSFT MICROSOFT CORP 6.6%

Value $10.67M Shares 28,367 Share Price $376.04 * Est. Cost/Share $44.07 Unrealized @ Report Date +695.0%

AAPL APPLE INC 6.5%

Value $10.57M Shares 54,911 Share Price $192.53 * Est. Cost/Share $84.97 Unrealized @ Report Date +115.1%

— SPDR GOLD SHARES ETF 6.3%

Value $10.32M Shares 53,967 Share Price $191.15 Est. Cost/Share $123.88 Unrealized @ Report Date —

— ALPHA ARCHTCT US QUNTV VAL ETF 6.2%

Value $10.02M Shares 247,463 Share Price $40.49 Est. Cost/Share $23.09 Unrealized @ Report Date —

— ALPHABET INC. CLASS A 5.8%

Value $9.36M Shares 67,010 Share Price $139.68 Est. Cost/Share $134.65 Unrealized @ Report Date —

ABT ABBOTT LABORATORIES 4.7%

Value $7.699M Shares 69,952 Share Price $110.06 * Est. Cost/Share $70.82 Unrealized @ Report Date +35.7%

— VANECK GOLD MINERS ETF 4.5%

Value $7.331M Shares 236,415 Share Price $31.01 Est. Cost/Share $27.77 Unrealized @ Report Date —

CVS CVS HEALTH CORP 4.1%

Value $6.694M Shares 84,789 Share Price $78.95 * Est. Cost/Share $59.65 Unrealized @ Report Date +9.6%

— KKR & CO INC 3.9%

Value $6.262M Shares 75,590 Share Price $82.84 Est. Cost/Share $33.98 Unrealized @ Report Date —

— ABBVIE INC 3.6%

Value $5.838M Shares 37,672 Share Price $154.97 Est. Cost/Share $46.39 Unrealized @ Report Date —

LMT LOCKHEED MARTIN CORP 3.5%

Value $5.646M Shares 12,457 Share Price $453.24 * Est. Cost/Share $432.65 Unrealized @ Report Date -3.5%

— TESLA INC 3.4%

Value $5.491M Shares 22,099 Share Price $248.47 Est. Cost/Share $325.70 Unrealized @ Report Date —

— ENERGY SELECT SECTOR SPDR ETF 3.2%

Value $5.238M Shares 62,484 Share Price $83.83 Est. Cost/Share $83.20 Unrealized @ Report Date —

— CISCO SYSTEMS INC 3.0%

Value $4.872M Shares 96,443 Share Price $50.52 Est. Cost/Share $27.25 Unrealized @ Report Date —

— SPROTT URANIUM MINERS ETF 2.4%

Value $3.865M Shares 80,074 Share Price $48.27 Est. Cost/Share $44.41 Unrealized @ Report Date —

— SOUTHWESTERN ENERGY 1.9%

Value $3.108M Shares 474,590 Share Price $6.55 Est. Cost/Share $6.11 Unrealized @ Report Date —

— PACER US SMALL CAP CASH COWS 1 1.9%

Value $3.046M Shares 63,430 Share Price $48.02 Est. Cost/Share $48.02 Unrealized @ Report Date —

— ROYCE VALUE CF 1.8%

Value $2.934M Shares 201,516 Share Price $14.56 Est. Cost/Share $10.35 Unrealized @ Report Date —

KMB KIMBERLY CLARK CORP 1.3%

Value $2.166M Shares 17,827 Share Price $121.50 * Est. Cost/Share $113.72 Unrealized @ Report Date -2.2%

— WISDOMTREE US QLT DIV GRW ETF 1.2%

Value $1.986M Shares 28,260 Share Price $70.28 Est. Cost/Share $58.08 Unrealized @ Report Date —

DIS WALT DISNEY CO 1.1%

Value $1.818M Shares 20,138 Share Price $90.28 * Est. Cost/Share $100.82 Unrealized @ Report Date -14.5%

— HOWARD HUGHES HOLDING CO 0.8%

Value $1.322M Shares 15,456 Share Price $85.53 Est. Cost/Share $74.12 Unrealized @ Report Date —

— LIBERTY MEDIA CORP 0.5%

Value $879K Shares 30,550 Share Price $28.77 Est. Cost/Share $32.72 Unrealized @ Report Date —

— SPDR S&P 500 ETF 0.1%

Value $223K Shares 470 Share Price $474.47 Est. Cost/Share $442.55 Unrealized @ Report Date —

HD HOME DEPOT INC 0.1%

Value $220K Shares 636 Share Price $345.91 * Est. Cost/Share $293.72 Unrealized @ Report Date 0.0%

ARAY ACCURAY INC 0.0%

Value $28,000 Shares 10,000 Share Price $2.80 * Est. Cost/Share $5.05 Unrealized @ Report Date -46.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	66,402	$23.68M	14.6%	$356.65	$115.31	+204.4%	COM	084670702
—	ALPHABET INC. CLASS C	79,873	$11.26M	6.9%	$140.92	$123.81	—	COM	02079k107
MSFT	MICROSOFT CORP	28,367	$10.67M	6.6%	$376.04 *	$44.07	+695.0%	COM	594918104
AAPL	APPLE INC	54,911	$10.57M	6.5%	$192.53 *	$84.97	+115.1%	COM	037833100
—	SPDR GOLD SHARES ETF	53,967	$10.32M	6.3%	$191.15	$123.88	—	UIUS	78463v107
—	ALPHA ARCHTCT US QUNTV VAL ETF	247,463	$10.02M	6.2%	$40.49	$23.09	—	COM	02072l102
—	ALPHABET INC. CLASS A	67,010	$9.36M	5.8%	$139.68	$134.65	—	COM	02079k305
ABT	ABBOTT LABORATORIES	69,952	$7.699M	4.7%	$110.06 *	$70.82	+35.7%	COM	002824100
—	VANECK GOLD MINERS ETF	236,415	$7.331M	4.5%	$31.01	$27.77	—	UIUS	92189f106
CVS	CVS HEALTH CORP	84,789	$6.694M	4.1%	$78.95 *	$59.65	+9.6%	COM	126650100
—	KKR & CO INC	75,590	$6.262M	3.9%	$82.84	$33.98	—	COM	48251w104
—	ABBVIE INC	37,672	$5.838M	3.6%	$154.97	$46.39	—	COM	00287y109
LMT	LOCKHEED MARTIN CORP	12,457	$5.646M	3.5%	$453.24 *	$432.65	-3.5%	COM	539830109
—	TESLA INC	22,099	$5.491M	3.4%	$248.47	$325.70	—	COM	88160r101
—	ENERGY SELECT SECTOR SPDR ETF	62,484	$5.238M	3.2%	$83.83	$83.20	—	COM	81369y506
—	CISCO SYSTEMS INC	96,443	$4.872M	3.0%	$50.52	$27.25	—	COM	17275r102
—	SPROTT URANIUM MINERS ETF	80,074	$3.865M	2.4%	$48.27	$44.41	—	COM	85208p303
—	SOUTHWESTERN ENERGY	474,590	$3.108M	1.9%	$6.55	$6.11	—	COM	845467109
—	PACER US SMALL CAP CASH COWS 1	63,430	$3.046M	1.9%	$48.02	$48.02	—	COM	69374h857
—	ROYCE VALUE CF	201,516	$2.934M	1.8%	$14.56	$10.35	—	COM	780910105
KMB	KIMBERLY CLARK CORP	17,827	$2.166M	1.3%	$121.50 *	$113.72	-2.2%	COM	494368103
—	WISDOMTREE US QLT DIV GRW ETF	28,260	$1.986M	1.2%	$70.28	$58.08	—	COM	97717x669
DIS	WALT DISNEY CO	20,138	$1.818M	1.1%	$90.28 *	$100.82	-14.5%	COM	254687106
—	HOWARD HUGHES HOLDING CO	15,456	$1.322M	0.8%	$85.53	$74.12	—	COM	44267t102
—	LIBERTY MEDIA CORP	30,550	$879K	0.5%	$28.77	$32.72	—	COM	531229789
—	SPDR S&P 500 ETF	470	$223K	0.1%	$474.47	$442.55	—	UIUS	78462f103
HD	HOME DEPOT INC	636	$220K	0.1%	$345.91 *	$293.72	0.0%	COM	437076102
ARAY	ACCURAY INC	10,000	$28,000	0.0%	$2.80 *	$5.05	-46.0%	COM	004397105