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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 (2016Q1)
Portfolio Summary: 38 holdings with a total value of $108,939,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 107,483 15,249,000 14.00%
2 MARKEL CORP 8,419 7,506,000 6.89%
3 MICROSOFT CORP 94,132 5,198,000 4.77%
4 The Howard Hughes Corp. 47,511 5,031,000 4.62%
5 MEDTRONIC PLC COM 66,991 5,024,000 4.61%
6 VODAFONE GROUP PLC NEW 155,852 4,995,000 4.59%
7 Cisco Systems Inc 171,318 4,877,000 4.48%
8 ALLEGHANY CORP 9,195 4,562,000 4.19%
9 BANK AMER CORP 332,870 4,500,000 4.13%
10 AbbVie Inc 75,811 4,330,000 3.97%
11 LIBERTY MEDIA CORP 110,005 4,190,000 3.85%
12 Proshares Tr Pshs Shrt S&P 500 203,910 4,161,000 3.82%
13 AMERICAN INTL GROUP INC 76,908 4,156,000 3.81%
14 SPDR GOLD TRUST 30,399 3,576,000 3.28%
15 ALPHABET INC 4,617 3,439,000 3.16%
16 ALAPHABET INC 4,251 3,243,000 2.98%
17 CORNING INC 146,475 3,059,000 2.81%
18 CAMBRIA ETF TR 161,886 3,004,000 2.76%
19 APPLE INC 25,688 2,799,000 2.57%
20 QUALCOMM INC 44,360 2,268,000 2.08%
21 Mkt Vect Gold Miners 107,475 2,146,000 1.97%
22 ABBOTT LABS 48,642 2,034,000 1.87%
23 H C P INC REIT 61,429 2,001,000 1.84%
24 SPDR NUVEEN BARCLAYS XXX REVER 40,561 1,980,000 1.82%
25 ISHARES TR 18,720 1,973,000 1.81%
26 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 5,660 620,000 0.57%
27 Tesla Motors, Inc. 2,690 618,000 0.57%
28 BLACKROCK CALIFORNIA MUN 29,070 437,000 0.40%
29 SOLAR SR CAP LTD 19,540 284,000 0.26%
30 GUGGENHEIM S&P 500 EQUAL WEIGH 3,350 263,000 0.24%
31 DUFF & PHELPS UTILITY & 27,245 262,000 0.24%
32 ISHARES CORE 1 5 YEAR USD BOND 2,500 251,000 0.23%
33 TRINET GROUP INC 16,100 231,000 0.21%
34 NORTHWEST NAT GAS CO 4,000 215,000 0.20%
35 ACCURAY INCORPORATED COM 22,000 127,000 0.12%
36 VEREIT Inc 12,787 113,000 0.10%
37 CRIMSON WINE GROUP 13,169 110,000 0.10%
38 NEW YORK REIT INC 10,632 107,000 0.10%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001279708-16-000020, filed 2016.04.13).

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.