Dark
Light
System
Institutional Investment Manager
MENLO ADVISORS LLC
MENLO ADVISORS LLC (CIK: 0001279708), located at 659 Oak Grove Avenue, Menlo Park, CA. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 39 holdings with a total value of $113,686,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 107,828 14,237,000 12.52%
2 MARKEL CORP 8,453 7,466,000 6.57%
3 AMERICAN INTL GROUP INC 104,953 6,503,000 5.72%
4 BANK AMER CORP 334,235 5,625,000 4.95%
5 The Howard Hughes Corp. 47,703 5,398,000 4.75%
6 MICROSOFT CORP 94,672 5,252,000 4.62%
7 MEDTRONIC PLC COM 67,071 5,159,000 4.54%
8 Cisco Systems Inc 171,687 4,662,000 4.10%
9 AbbVie Inc 76,566 4,535,000 3.99%
10 YAHOO INC 135,492 4,506,000 3.96%
11 ALLEGHANY CORP 9,235 4,413,000 3.88%
12 Proshares Tr Pshs Shrt S&P 500 203,910 4,255,000 3.74%
13 VODAFONE GROUP PLC NEW 115,937 3,740,000 3.29%
14 ALPHABET INC 4,633 3,515,000 3.09%
15 ALAPHABET INC 4,257 3,311,000 2.91%
16 SPDR GOLD TRUST 29,564 2,999,000 2.64%
17 CAMBRIA ETF TR 166,416 2,948,000 2.59%
18 DILLARDS INC 41,715 2,741,000 2.41%
19 APPLE INC 25,806 2,716,000 2.39%
20 CORNING INC 146,750 2,682,000 2.36%
21 H C P INC REIT 63,359 2,422,000 2.13%
22 QUALCOMM INC 45,490 2,273,000 2.00%
23 ABBOTT LABS 48,776 2,190,000 1.93%
24 LIBERTY MEDIA CORP 54,625 2,080,000 1.83%
25 SPDR NUVEEN BARCLAYS XXX REVER 81,125 1,976,000 1.74%
26 ISHARES TR 18,720 1,958,000 1.72%
27 Tesla Motors, Inc. 2,690 645,000 0.57%
28 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 5,700 611,000 0.54%
29 SPDR S&P 500 Fund 2,965 604,000 0.53%
30 BLACKROCK CALIFORNIA MUN 27,070 406,000 0.36%
31 EMERG MKTS INCOME FUND WDTREE 11,830 374,000 0.33%
32 SOLAR SR CAP LTD 19,710 293,000 0.26%
33 DUFF & PHELPS UTILITY & 27,705 254,000 0.22%
34 ISHARES CORE 1 5 YEAR USD BOND 2,500 248,000 0.22%
35 NORTHWEST NAT GAS CO 4,000 202,000 0.18%
36 ACCURAY INCORPORATED COM 22,000 148,000 0.13%
37 NEW YORK REIT INC 10,632 122,000 0.11%
38 CRIMSON WINE GROUP 13,186 116,000 0.10%
39 VEREIT Inc 12,787 101,000 0.09%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001279708-16-000018, filed 2016.01.21).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.