Institutional Manager · CIK 0001279708
MENLO ADVISORS LLC
MENLO PARK, CA · File #028-10719
Latest AUM
$185,571
Positions
29
Top-10 Concentration
69.7%
Filings
7
Portfolio Value Over Time
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | PUT SPDR S&P 500 $530 EXP 01/1 | 78462f953 | -49,000 | -$41,209 | +$14,080 |
| EXITED | ENERGY SELECT SECTOR SPDR ETF | 81369y506 | -60,775 | -$5,679 | $0 |
| REDUCE | SPDR GOLD SHARES ETF | 78463v107 | -12,578 | -$3,834 | +$1,020 |
| NEW | SPROTT PHYSICAL SILVER E | 85207k107 | +253,380 | +$3,101 | $0 |
| REDUCE | BERKSHIRE HATHAWAY CLASS B | 084670702 | -810 | -$393 | -$2,505 |
| REDUCE | MICROSOFT CORP | 594918104 | -615 | -$306 | +$3,391 |
| NEW | CROWDSTRIKE HLDGS INC CLASS A | 22788c105 | +561 | +$285 | $0 |
| NEW | AMAZON.COM INC | 023135106 | +1,000 | +$219 | $0 |
| REDUCE | KKR & CO INC | 48251w104 | -1,600 | -$213 | +$971 |
| REDUCE | APPLE INC | 037833100 | -1,000 | -$205 | -$916 |
Filing History
- 13F HOLDINGS REPORTQ/E Jun 202529 pos · $185,571
- 13F HOLDINGS REPORTQ/E Mar 202527 pos · $210,318
- 13F HOLDINGS REPORTQ/E Dec 202429 pos · $196,028
- 13F HOLDINGS REPORTQ/E Sep 202429 pos · $194,291
- 13F HOLDINGS REPORTQ/E Jun 202432 pos · $180,196
- 13F HOLDINGS REPORTQ/E Mar 202429 pos · $174,659
- 13F HOLDINGS REPORTQ/E Dec 202331 pos · $152,247
Top 20 Holdings — Jun 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY CLASS B | 084670702 | 52,702 | $25,601 | 13.80% |
| 2 | SPDR GOLD SHARES ETF | 78463v107 | 48,503 | $14,785 | 7.97% |
| 3 | ALPHABET INC CLASS C | 02079k107 | 77,393 | $13,728 | 7.40% |
| 4 | MICROSOFT CORP | 594918104 | 27,172 | $13,516 | 7.28% |
| 5 | VANECK GOLD MINERS ETF | 92189f106 | 236,215 | $12,297 | 6.63% |
| 6 | ALPHABET INC CLASS A | 02079k305 | 63,473 | $11,185 | 6.03% |
| 7 | ALPHA ARCHTCT US QUNTV VAL ETF | 02072l102 | 248,740 | $10,947 | 5.90% |
| 8 | APPLE INC | 037833100 | 53,001 | $10,874 | 5.86% |
| 9 | ABBOTT LABS | 002824100 | 67,536 | $9,185 | 4.95% |
| 10 | KKR & CO INC | 48251w104 | 54,175 | $7,206 | 3.88% |
| 11 | ABBVIE INC | 00287y109 | 38,252 | $7,100 | 3.83% |
| 12 | CISCO SYS INC | 17275r102 | 93,944 | $6,517 | 3.51% |
| 13 | GLOBAL X MLP & ENERGY INFRASTR | 37954y293 | 100,697 | $6,309 | 3.40% |
| 14 | TESLA INC | 88160r101 | 19,140 | $6,080 | 3.28% |
| 15 | LOCKHEED MARTIN CORP | 539830109 | 11,345 | $5,254 | 2.83% |
| 16 | ROYALTY PHARMA PLC F CLASS A | g7709q104 | 131,325 | $4,731 | 2.55% |
| 17 | SPROTT URANIUM MINERS ETF | 85208p303 | 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 | 780910105 | 195,242 | $2,938 | 1.58% |