MENLO ADVISORS LLC Long-Term Concentrated

Location: Menlo Park, CA

CIK: 0001279708 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 6, 2025

Total Value: $196M (100.0% shares, 0.0% debt)

Holdings (29)

BRK/B BERKSHIRE HATHAWAY CLASS B 14.9%

Value $29.18M Shares 64,384 Share Price $453.26 Est. Cost/Share $115.31 Unrealized @ Report Date +300.4%

— ALPHABET INC CLASS C 7.7%

Value $15.04M Shares 79,003 Share Price $190.44 Est. Cost/Share $123.81 Unrealized @ Report Date —

— SPDR GOLD SHARES ETF 7.6%

Value $14.82M Shares 61,206 Share Price $242.12 Est. Cost/Share $137.96 Unrealized @ Report Date —

AAPL APPLE INC 7.0%

Value $13.68M Shares 54,617 Share Price $250.42 * Est. Cost/Share $84.97 Unrealized @ Report Date +176.0%

— ALPHABET INC CLASS A 6.3%

Value $12.28M Shares 64,893 Share Price $189.30 Est. Cost/Share $134.65 Unrealized @ Report Date —

MSFT MICROSOFT CORP 6.0%

Value $11.75M Shares 27,887 Share Price $421.49 Est. Cost/Share $44.07 Unrealized @ Report Date +858.3%

— ALPHA ARCHTCT US QUNTV VAL ETF 5.7%

Value $11.22M Shares 251,355 Share Price $44.64 Est. Cost/Share $23.34 Unrealized @ Report Date —

— KKR & CO INC 4.4%

Value $8.626M Shares 58,320 Share Price $147.91 Est. Cost/Share $33.98 Unrealized @ Report Date —

— TESLA INC 4.3%

Value $8.508M Shares 21,069 Share Price $403.82 Est. Cost/Share $323.89 Unrealized @ Report Date —

— VANECK GOLD MINERS ETF 4.1%

Value $8.108M Shares 239,115 Share Price $33.91 Est. Cost/Share $27.95 Unrealized @ Report Date —

ABT ABBOTT LABS 4.0%

Value $7.83M Shares 69,231 Share Price $113.10 Est. Cost/Share $70.82 Unrealized @ Report Date +60.0%

— ABBVIE INC 3.5%

Value $6.912M Shares 38,902 Share Price $177.68 Est. Cost/Share $51.35 Unrealized @ Report Date —

LMT LOCKHEED MARTIN CORP 2.9%

Value $5.736M Shares 11,805 Share Price $485.90 * Est. Cost/Share $432.65 Unrealized @ Report Date +21.9%

— CISCO SYS INC 2.9%

Value $5.631M Shares 95,119 Share Price $59.20 Est. Cost/Share $27.25 Unrealized @ Report Date —

— ENERGY SELECT SECTOR SPDR ETF 2.7%

Value $5.274M Shares 61,575 Share Price $85.65 Est. Cost/Share $83.75 Unrealized @ Report Date —

— GLOBAL X MLP & ENERGY INFRASTR 2.5%

Value $4.929M Shares 81,402 Share Price $60.55 Est. Cost/Share $54.18 Unrealized @ Report Date —

— PACER US SMALL CAP CASH COWS 1 2.1%

Value $4.101M Shares 93,191 Share Price $44.01 Est. Cost/Share $47.97 Unrealized @ Report Date —

EXE EXPAND ENERGY 1.9%

Value $3.693M Shares 37,101 Share Price $99.54 * Est. Cost/Share $89.24 Unrealized @ Report Date 0.0%

MEMX MATTHEWS EMG MRKTS CHINA ACT E 1.9%

Value $3.67M Shares 126,630 Share Price $28.98 Est. Cost/Share $30.77 Unrealized @ Report Date —

— SPROTT URANIUM MINERS ETF 1.9%

Value $3.63M Shares 90,064 Share Price $40.30 Est. Cost/Share $44.85 Unrealized @ Report Date —

— ROYALTY PHARMA PLC F CLASS A 1.7%

Value $3.398M Shares 133,235 Share Price $25.50 Est. Cost/Share $26.37 Unrealized @ Report Date —

— ROYCE SMALL CAP TRUST CF 1.6%

Value $3.176M Shares 201,044 Share Price $15.80 Est. Cost/Share $10.35 Unrealized @ Report Date —

— WISDOMTREE US QLT DIV GRW ETF 1.2%

Value $2.266M Shares 28,010 Share Price $80.90 Est. Cost/Share $58.08 Unrealized @ Report Date —

— HOWARD HUGHES HLDGS INC 0.6%

Value $1.183M Shares 15,391 Share Price $76.86 Est. Cost/Share $74.12 Unrealized @ Report Date —

FNDF SCHWAB FUNDAMNTL INTRNL EQT ET 0.3%

Value $511K Shares 15,403 Share Price $33.18 Est. Cost/Share $34.99 Unrealized @ Report Date —

HD HOME DEPOT INC 0.1%

Value $252K Shares 649 Share Price $388.29 * Est. Cost/Share $295.79 Unrealized @ Report Date +34.3%

— SPROTT PHYSICAL GOLD ETV 0.1%

Value $241K Shares 12,000 Share Price $20.08 Est. Cost/Share $18.00 Unrealized @ Report Date —

AMZN AMAZON.COM INC 0.1%

Value $219K Shares 1,000 Share Price $219.00 * Est. Cost/Share $204.58 Unrealized @ Report Date 0.0%

— DIREXION DAILY AAPL BEAR 1X ET 0.1%

Value $152K Shares 10,000 Share Price $15.20 Est. Cost/Share $22.65 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	64,384	$29.18M	14.9%	$453.26	$115.31	+300.4%	COM	084670702
—	ALPHABET INC CLASS C	79,003	$15.04M	7.7%	$190.44	$123.81	—	COM	02079k107
—	SPDR GOLD SHARES ETF	61,206	$14.82M	7.6%	$242.12	$137.96	—	UIUS	78463v107
AAPL	APPLE INC	54,617	$13.68M	7.0%	$250.42 *	$84.97	+176.0%	COM	037833100
—	ALPHABET INC CLASS A	64,893	$12.28M	6.3%	$189.30	$134.65	—	COM	02079k305
MSFT	MICROSOFT CORP	27,887	$11.75M	6.0%	$421.49	$44.07	+858.3%	COM	594918104
—	ALPHA ARCHTCT US QUNTV VAL ETF	251,355	$11.22M	5.7%	$44.64	$23.34	—	COM	02072l102
—	KKR & CO INC	58,320	$8.626M	4.4%	$147.91	$33.98	—	COM	48251w104
—	TESLA INC	21,069	$8.508M	4.3%	$403.82	$323.89	—	COM	88160r101
—	VANECK GOLD MINERS ETF	239,115	$8.108M	4.1%	$33.91	$27.95	—	UIUS	92189f106
ABT	ABBOTT LABS	69,231	$7.83M	4.0%	$113.10	$70.82	+60.0%	COM	002824100
—	ABBVIE INC	38,902	$6.912M	3.5%	$177.68	$51.35	—	COM	00287y109
LMT	LOCKHEED MARTIN CORP	11,805	$5.736M	2.9%	$485.90 *	$432.65	+21.9%	COM	539830109
—	CISCO SYS INC	95,119	$5.631M	2.9%	$59.20	$27.25	—	COM	17275r102
—	ENERGY SELECT SECTOR SPDR ETF	61,575	$5.274M	2.7%	$85.65	$83.75	—	COM	81369y506
—	GLOBAL X MLP & ENERGY INFRASTR	81,402	$4.929M	2.5%	$60.55	$54.18	—	COM	37954y293
—	PACER US SMALL CAP CASH COWS 1	93,191	$4.101M	2.1%	$44.01	$47.97	—	COM	69374h857
EXE	EXPAND ENERGY	37,101	$3.693M	1.9%	$99.54 *	$89.24	0.0%	COM	165167735
MEMX	MATTHEWS EMG MRKTS CHINA ACT E	126,630	$3.67M	1.9%	$28.98	$30.77	—	COM	577125792
—	SPROTT URANIUM MINERS ETF	90,064	$3.63M	1.9%	$40.30	$44.85	—	COM	85208p303
—	ROYALTY PHARMA PLC F CLASS A	133,235	$3.398M	1.7%	$25.50	$26.37	—	COM	g7709q104
—	ROYCE SMALL CAP TRUST CF	201,044	$3.176M	1.6%	$15.80	$10.35	—	COM	780910105
—	WISDOMTREE US QLT DIV GRW ETF	28,010	$2.266M	1.2%	$80.90	$58.08	—	COM	97717x669
—	HOWARD HUGHES HLDGS INC	15,391	$1.183M	0.6%	$76.86	$74.12	—	COM	44267t102
FNDF	SCHWAB FUNDAMNTL INTRNL EQT ET	15,403	$511K	0.3%	$33.18	$34.99	—	COM	808524755
HD	HOME DEPOT INC	649	$252K	0.1%	$388.29 *	$295.79	+34.3%	COM	437076102
—	SPROTT PHYSICAL GOLD ETV	12,000	$241K	0.1%	$20.08	$18.00	—	COM	85207h104
AMZN	AMAZON.COM INC	1,000	$219K	0.1%	$219.00 *	$204.58	0.0%	COM	023135106
—	DIREXION DAILY AAPL BEAR 1X ET	10,000	$152K	0.1%	$15.20	$22.65	—	COM	25461a304