13F HOLDINGS REPORT
MENLO ADVISORS LLC
Quarter ended Q2 2025 · Filed August 6, 2025 · Accession 0001279708-25-000004
Total Value
$185,571
Positions
29
Other Managers
0
Confidential Omitted
No
Holdings (29)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY CLASS B | BRK-A | 52,702 | $25,601 | 13.80% |
| 2 | SPDR GOLD SHARES ETF | GLD | 48,503 | $14,785 | 7.97% |
| 3 | ALPHABET INC CLASS C | GOOG | 77,393 | $13,728 | 7.40% |
| 4 | MICROSOFT CORP | MSFT | 27,172 | $13,516 | 7.28% |
| 5 | VANECK GOLD MINERS ETF | 92189f106 | 236,215 | $12,297 | 6.63% |
| 6 | ALPHABET INC CLASS A | GOOG | 63,473 | $11,185 | 6.03% |
| 7 | ALPHA ARCHTCT US QUNTV VAL ETF | 02072l102 | 248,740 | $10,947 | 5.90% |
| 8 | APPLE INC | AAPL | 53,001 | $10,874 | 5.86% |
| 9 | ABBOTT LABS | ABLZF | 67,536 | $9,185 | 4.95% |
| 10 | KKR & CO INC | KKRT | 54,175 | $7,206 | 3.88% |
| 11 | ABBVIE INC | ABBV | 38,252 | $7,100 | 3.83% |
| 12 | CISCO SYS INC | CSCO | 93,944 | $6,517 | 3.51% |
| 13 | GLOBAL X MLP & ENERGY INFRASTR | 37954y293 | 100,697 | $6,309 | 3.40% |
| 14 | TESLA INC | TSLA | 19,140 | $6,080 | 3.28% |
| 15 | LOCKHEED MARTIN CORP | LMT | 11,345 | $5,254 | 2.83% |
| 16 | ROYALTY PHARMA PLC F CLASS A | RPRX | 131,325 | $4,731 | 2.55% |
| 17 | SPROTT URANIUM MINERS ETF | SII | 86,804 | $4,160 | 2.24% |
| 18 | MATTHEWS EMG MRKTS CHINA ACT E | 577125792 | 123,590 | $4,045 | 2.18% |
| 19 | SPROTT PHYSICAL SILVER E | 85207k107 | 253,380 | $3,101 | 1.67% |
| 20 | ROYCE SMALL CAP TRUST CF | RVT | 195,242 | $2,938 | 1.58% |
| 21 | WISDOMTREE US QLT DIV GRW ETF | WT | 27,935 | $2,339 | 1.26% |
| 22 | HOWARD HUGHES HLDGS INC | HHH | 14,827 | $1,000 | 0.54% |
| 23 | PUT SPDR S&P 500 $530 EXP 01/1 | 78462f953 | 1,000 | $841 | 0.45% |
| 24 | SCHWAB FUNDAMNTL INTRNL EQT ET | 808524755 | 15,403 | $616 | 0.33% |
| 25 | SPROTT PHYSICAL GOLD ETV | PHYS | 12,000 | $304 | 0.16% |
| 26 | CROWDSTRIKE HLDGS INC CLASS A | CRWD | 561 | $285 | 0.15% |
| 27 | HOME DEPOT INC | HD | 636 | $233 | 0.13% |
| 28 | AMAZON.COM INC | AMZN | 1,000 | $219 | 0.12% |
| 29 | DIREXION DAILY AAPL BEAR 1X ET | 25461a304 | 10,000 | $175 | 0.09% |