MENLO ADVISORS LLC Long-Term Concentrated

CIK: 0001279708 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: Apr 14, 2025

Total Value ($000): $210 (100.0% shares, 0.0% debt)

Holdings (27)

BRK/B BERKSHIRE HATHAWAY CLASS B 13.6%

Value ($000) $28 Shares 53,512 Est. Cost $115.29 Unrealized +321.7%

— PUT SPDR S&P 500 $530 EXP 01/1 13.3%

Value ($000) $28 Shares 50,000 Est. Cost $0.56 Unrealized —

— SPDR GOLD SHARES ETF 8.4%

Value ($000) $18 Shares 61,081 Est. Cost $109.17 Unrealized —

— ALPHABET INC CLASS C 5.8%

Value ($000) $12 Shares 78,193 Est. Cost $121.15 Unrealized —

AAPL APPLE INC 5.7%

Value ($000) $12 Shares 54,001 Est. Cost $84.97 Unrealized +171.6%

— VANECK GOLD MINERS ETF 5.2%

Value ($000) $11 Shares 239,115 Est. Cost $25.25 Unrealized —

— ALPHA ARCHTCT US QUNTV VAL ETF 5.1%

Value ($000) $11 Shares 251,355 Est. Cost $22.84 Unrealized —

MSFT MICROSOFT CORP 5.0%

Value ($000) $10 Shares 27,787 Est. Cost $44.07 Unrealized +819.1%

— ALPHABET INC CLASS A 4.7%

Value ($000) $10 Shares 64,273 Est. Cost $134.65 Unrealized —

ABT ABBOTT LABS 4.4%

Value ($000) $9 Shares 68,986 Est. Cost $70.82 Unrealized +77.2%

— ABBVIE INC 3.9%

Value ($000) $8 Shares 38,752 Est. Cost $44.70 Unrealized —

— GLOBAL X MLP & ENERGY INFRASTR 3.1%

Value ($000) $7 Shares 102,392 Est. Cost $0.06 Unrealized —

— KKR & CO INC 3.1%

Value ($000) $6 Shares 55,775 Est. Cost $33.98 Unrealized —

— CISCO SYS INC 2.8%

Value ($000) $6 Shares 95,119 Est. Cost $27.25 Unrealized —

— ENERGY SELECT SECTOR SPDR ETF 2.7%

Value ($000) $6 Shares 60,775 Est. Cost $0.08 Unrealized —

LMT LOCKHEED MARTIN CORP 2.5%

Value ($000) $5 Shares 11,545 Est. Cost $432.65 Unrealized +3.6%

— TESLA INC 2.4%

Value ($000) $5 Shares 19,140 Est. Cost $320.42 Unrealized —

— ROYALTY PHARMA PLC F CLASS A 2.0%

Value ($000) $4 Shares 133,235 Est. Cost $0.03 Unrealized —

MEMX MATTHEWS EMG MRKTS CHINA ACT E 1.7%

Value ($000) $4 Shares 125,995 Est. Cost $0.03 Unrealized —

— SPROTT URANIUM MINERS ETF 1.4%

Value ($000) $3 Shares 89,120 Est. Cost $24.66 Unrealized —

— ROYCE SMALL CAP TRUST CF 1.4%

Value ($000) $3 Shares 201,044 Est. Cost $8.81 Unrealized —

— WISDOMTREE US QLT DIV GRW ETF 1.1%

Value ($000) $2 Shares 28,010 Est. Cost $41.19 Unrealized —

— HOWARD HUGHES HLDGS INC 0.5%

Value ($000) $1 Shares 15,292 Est. Cost $0.07 Unrealized —

FNDF SCHWAB FUNDAMNTL INTRNL EQT ET 0.3%

Value ($000) $1 Shares 15,403 Est. Cost $0.03 Unrealized —

— SPROTT PHYSICAL GOLD ETV 0.1%

Value ($000) $0 Shares 12,000 Est. Cost $0.02 Unrealized —

HD HOME DEPOT INC 0.1%

Value ($000) $0 Shares 636 Est. Cost $295.79 Unrealized +28.7%

— DIREXION DAILY AAPL BEAR 1X ET 0.1%

Value ($000) $0 Shares 10,000 Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY CLASS B	53,512	$28	13.6%	$115.29	+321.7%	COM	084670702
—	PUT SPDR S&P 500 $530 EXP 01/1	50,000	$28	13.3%	$0.56	—	PUT	78462f953
—	SPDR GOLD SHARES ETF	61,081	$18	8.4%	$109.17	—	COM	78463v107
—	ALPHABET INC CLASS C	78,193	$12	5.8%	$121.15	—	COM	02079k107
AAPL	APPLE INC	54,001	$12	5.7%	$84.97	+171.6%	COM	037833100
—	VANECK GOLD MINERS ETF	239,115	$11	5.2%	$25.25	—	COM	92189f106
—	ALPHA ARCHTCT US QUNTV VAL ETF	251,355	$11	5.1%	$22.84	—	COM	02072l102
MSFT	MICROSOFT CORP	27,787	$10	5.0%	$44.07	+819.1%	COM	594918104
—	ALPHABET INC CLASS A	64,273	$10	4.7%	$134.65	—	COM	02079k305
ABT	ABBOTT LABS	68,986	$9	4.4%	$70.82	+77.2%	COM	002824100
—	ABBVIE INC	38,752	$8	3.9%	$44.70	—	COM	00287y109
—	GLOBAL X MLP & ENERGY INFRASTR	102,392	$7	3.1%	$0.06	—	COM	37954y293
—	KKR & CO INC	55,775	$6	3.1%	$33.98	—	COM	48251w104
—	CISCO SYS INC	95,119	$6	2.8%	$27.25	—	COM	17275r102
—	ENERGY SELECT SECTOR SPDR ETF	60,775	$6	2.7%	$0.08	—	COM	81369y506
LMT	LOCKHEED MARTIN CORP	11,545	$5	2.5%	$432.65	+3.6%	COM	539830109
—	TESLA INC	19,140	$5	2.4%	$320.42	—	COM	88160r101
—	ROYALTY PHARMA PLC F CLASS A	133,235	$4	2.0%	$0.03	—	COM	g7709q104
MEMX	MATTHEWS EMG MRKTS CHINA ACT E	125,995	$4	1.7%	$0.03	—	COM	577125792
—	SPROTT URANIUM MINERS ETF	89,120	$3	1.4%	$24.66	—	COM	85208p303
—	ROYCE SMALL CAP TRUST CF	201,044	$3	1.4%	$8.81	—	COM	780910105
—	WISDOMTREE US QLT DIV GRW ETF	28,010	$2	1.1%	$41.19	—	COM	97717x669
—	HOWARD HUGHES HLDGS INC	15,292	$1	0.5%	$0.07	—	COM	44267t102
FNDF	SCHWAB FUNDAMNTL INTRNL EQT ET	15,403	$1	0.3%	$0.03	—	COM	808524755
—	SPROTT PHYSICAL GOLD ETV	12,000	$0	0.1%	$0.02	—	COM	85207h104
HD	HOME DEPOT INC	636	$0	0.1%	$295.79	+28.7%	COM	437076102
—	DIREXION DAILY AAPL BEAR 1X ET	10,000	$0	0.1%	$0.02	—	COM	25461a304