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MENLO ADVISORS LLC — 13F Holdings & Portfolio

CIK 1279708 · latest 13F-HR filed 2026-09-10

Backtest portfolio

MENLO ADVISORS LLC manages $227.9K in 13F-reported U.S. long-equity assets across 30 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BRK.B (11.10%), GOOG (10.90%), GOOGL (8.19%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions, exited 3, added to 12, and trimmed 9.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
659 OAK GROVE AVENUE
STE 207
MENLO PARK, CA 94025
Phone
(650) 688-0300
Filing Manager
MENLO ADVISORS LLC
MENLO PARK, CA
Signatory
Tracey Seymour
cfo
Loading holdings…
AUM

$227.9K

Long-equity book

Holdings

30

Distinct positions

Period

2026-06-30

Filed 2026-09-10

Q/Q Activity

+3 / −3 / ↑12 / ↓9

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • CISCO SYS INC$3.6K +52.5%
  • GLOBAL X MLP & ENERGY INFRASTR$2.5K +42.1%
  • ROYALTY PHARMA PLC F CLASS A$2.2K +44.3%
  • ALPHABET INC CLASS CLASS C$1.6K +7.0%
  • MATTHEWS EMERGING MARKETS EX C$1.6K +33.5%
Show all 12 →

Top Trims

  • VANECK GOLD MINERS ETF-$7.0K -35.9%
  • MICROSOFT CORP-$3.0K -23.2%
  • ABBOTT LABS-$2.3K -26.8%
  • KKR & CO INC-$1.7K -29.1%
  • SPDR GOLD SHARES-$1.5K -7.7%
Show all 9 →

New Positions

  • CARIS LIFE SCIENCES INC$5.4K
  • CF INDS HLDGS INC$5.2K
  • INTEL CORP$342
Show all 3 →

Exited Positions

  • ROYCE SMALL CAP TRUST CF$2.9K
  • HOWARD HUGHES HLDGS INC$939
  • PUT STATE STREET SPDR S& $600$575
Show all 3 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 BERKSHIRE HATHAWAY CLASS B BRK.B 084670702 $25.3K 11.10% 50,575 SH
2 ALPHABET INC CLASS CLASS C GOOG 02079K107 $24.8K 10.90% 70,325 SH
3 ALPHABET INC CLASS A GOOGL 02079K305 $18.7K 8.19% 52,230 SH
4 SPDR GOLD SHARES GLD 78463V107 $17.4K 7.65% 47,353 SH
5 APPLE INC AAPL 037833100 $13.6K 5.98% 47,097 SH
6 ALPHA ARCHITECT U.S. QUANTITAT QVAL 02072L102 $13.3K 5.85% 240,365 SH
7 VANECK GOLD MINERS ETF GDX 92189F106 $12.5K 5.49% 165,992 SH
8 CISCO SYS INC CSCO 17275R102 $10.6K 4.64% 90,019 SH
9 MICROSOFT CORP MSFT 594918104 $9.8K 4.30% 26,282 SH
10 ABBVIE INC ABBV 00287Y109 $9.6K 4.21% 38,102 SH
11 GLOBAL X MLP & ENERGY INFRASTR MLPX 37954Y293 $8.5K 3.74% 115,872 SH
12 TESLA INC TSLA 88160R101 $8.1K 3.53% 19,140 SH
13 ROYALTY PHARMA PLC F CLASS A RPRX G7709Q104 $7.1K 3.12% 126,940 SH
14 MATTHEWS EMERGING MARKETS EX C MEMX 577125792 $6.3K 2.76% 126,030 SH
15 ABBOTT LABS ABT 002824100 $6.2K 2.70% 67,919 SH
16 LOCKHEED MARTIN CORP LMT 539830109 $6.0K 2.61% 11,686 SH
17 CARIS LIFE SCIENCES INC CAI 142152107 $5.4K 2.35% 300,518 SH
18 CF INDS HLDGS INC CF 125269100 $5.2K 2.30% 48,375 SH
19 SPROTT PHYSICAL SILVER E PSLV 85207K107 $4.7K 2.08% 251,710 SH
20 SPROTT URANIUM MINERS ETF URNM 85208P303 $4.6K 2.00% 86,674 SH
21 KKR & CO INC KKR 48251W104 $4.2K 1.84% 45,675 SH
22 WISDOMTREE U.S. QUALITY DIVIDE DGRW 97717X669 $2.5K 1.08% 25,755 SH
23 SCHWAB FUNDAMENTAL INTERNATION FNDF 808524755 $1.3K 0.55% 23,846 SH
24 MICRON TECHNOLOGY INC MU 595112103 $577 0.25% 500 SH
25 CROWDSTRIKE HLDGS INC CLASS CL CRWD 22788C105 $428 0.19% 561 SH
26 SPROTT PHYSGLD TRST PHYS 85207H104 $362 0.16% 12,000 SH
27 INTEL CORP INTC 458140100 $342 0.15% 2,455 SH
28 AMAZON.COM INC AMZN 023135106 $238 0.10% 1,000 SH
29 HOME DEPOT INC HD 437076102 $224 0.10% 636 SH
30 DIREXION DAILY AAPL BEAR 1X SH AAPD 25461A304 $121 0.05% 10,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-09-10 $227.9K 30 0001279708-26-000009
2026-03-31 2026-09-10 $222.6K 30 0001279708-26-000008