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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 (2016Q3)
Portfolio Summary: 43 holdings with a total value of $124,853,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 106,933 15,448,000 12.37%
2 MARKEL CORP 6,407 5,950,000 4.77%
3 LIBERTY MEDIA CORP SERIES C 210,485 5,923,000 4.74%
4 SPDR GOLD TRUST 46,949 5,898,000 4.72%
5 MEDTRONIC PLC COM 66,410 5,737,000 4.60%
6 The Howard Hughes Corp. 48,069 5,504,000 4.41%
7 Cisco Systems Inc 171,611 5,443,000 4.36%
8 MICROSOFT CORP 93,801 5,402,000 4.33%
9 BANK AMER CORP 331,815 5,192,000 4.16%
10 VODAFONE GROUP PLC NEW 166,616 4,856,000 3.89%
11 ALLEGHANY CORP 9,159 4,808,000 3.85%
12 AbbVie Inc 74,938 4,726,000 3.79%
13 AMERICAN INTL GROUP INC 76,763 4,555,000 3.65%
14 VALUESHARES U S QUANTITATIVE V 189,450 4,389,000 3.52%
15 ProShares Short S&P 500 Ne 101,954 3,881,000 3.11%
16 LIBERTY M SIRIUSXM C 109,879 3,671,000 2.94%
17 ALPHABET INC 4,617 3,588,000 2.87%
18 CORNING INC 146,040 3,453,000 2.77%
19 ALAPHABET INC 4,230 3,401,000 2.72%
20 CAMBRIA ETF TR 164,611 3,214,000 2.57%
21 QUALCOMM INC 44,360 3,038,000 2.43%
22 APPLE INC 25,807 2,917,000 2.34%
23 Vaneck Vectors Gold Miners ETF 107,475 2,840,000 2.27%
24 ABBOTT LABS 48,642 2,057,000 1.65%
25 ISHARES TR 18,720 1,979,000 1.59%
26 SPDR NUVEEN BARCLAYS XXX REVER 40,261 1,966,000 1.57%
27 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 5,660 630,000 0.50%
28 Tesla Motors, Inc. 2,690 548,000 0.44%
29 BLACKROCK CALIFORNIA MUN 33,770 512,000 0.41%
30 VALUESHARES INTRNTNL QNTV VAL 18,035 447,000 0.36%
31 TRINET GROUP INC 16,100 348,000 0.28%
32 SOLAR SR CAP LTD 19,540 316,000 0.25%
33 WISDOMTREE FUNDAMENTAL US SHOR 5,720 292,000 0.23%
34 GUGGENHEIM S&P 500 EQUAL WEIGH 3,350 280,000 0.22%
35 DUFF & PHELPS UTILITY & 27,245 266,000 0.21%
36 ISHARES CORE 1 5 YEAR USD BOND 5,000 253,000 0.20%
37 NORTHWEST NAT GAS CO 4,000 240,000 0.19%
38 COHEN STEERS REIT PREFER 10,678 215,000 0.17%
39 LIBERTY BRAVES GR C 10,927 189,000 0.15%
40 ACCURAY INCORPORATED COM 22,000 140,000 0.11%
41 VEREIT Inc 12,787 132,000 0.11%
42 CRIMSON WINE GROUP 13,061 112,000 0.09%
43 NEW YORK REIT INC 10,632 97,000 0.08%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001279708-16-000024, filed 2016.10.20).

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.