Filed: 8/6/2025ACC: 0001279708-25-000004
📋 What this filing means
MENLO ADVISORS LLC filed this quarterly 13F‑HR report disclosing 29 equity positions with a total reported market value of $185.6K. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
29
Positions
$185.6K
Total AUM (reported)
2.07M
Total Shares
Allocation by class
COM$157.6K85.0%
UIUS$27.1K14.6%
PUT$841.000.5%
Portfolio Concentration
Top 3$54.1K29.2%
4–10$75.2K40.5%
11–25$55.3K29.8%
Rest$912.000.5%
Top 3 weight
29.2%
Top 10 weight
69.7%
Voting Authority Distribution
Total shares with voting rights: 2.07M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
2.07M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole29
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings29
Rows:
BERKSHIRE HATHAWAY CLASS B
SOLEShares52.70K
TypeSH
Market value$25.6K
13.80%
Sole
0.00
Shared
0.00
None
52.70K
SPDR GOLD SHARES ETF
SOLEShares48.50K
TypeSH
Market value$14.8K
7.97%
Sole
0.00
Shared
0.00
None
48.50K
ALPHABET INC CLASS C
SOLEShares77.39K
TypeSH
Market value$13.7K
7.40%
Sole
0.00
Shared
0.00
None
77.39K
MICROSOFT CORP
SOLEShares27.17K
TypeSH
Market value$13.5K
7.28%
Sole
0.00
Shared
0.00
None
27.17K
VANECK GOLD MINERS ETF
SOLEShares236.22K
TypeSH
Market value$12.3K
6.63%
Sole
0.00
Shared
0.00
None
236.22K
ALPHABET INC CLASS A
SOLEShares63.47K
TypeSH
Market value$11.2K
6.03%
Sole
0.00
Shared
0.00
None
63.47K
ALPHA ARCHTCT US QUNTV VAL ETF
SOLEShares248.74K
TypeSH
Market value$10.9K
5.90%
Sole
0.00
Shared
0.00
None
248.74K
APPLE INC
SOLEShares53K
TypeSH
Market value$10.9K
5.86%
Sole
0.00
Shared
0.00
None
53K
ABBOTT LABS
SOLEShares67.54K
TypeSH
Market value$9.2K
4.95%
Sole
0.00
Shared
0.00
None
67.54K
KKR & CO INC
SOLEShares54.17K
TypeSH
Market value$7.2K
3.88%
Sole
0.00
Shared
0.00
None
54.17K
ABBVIE INC
SOLEShares38.25K
TypeSH
Market value$7.1K
3.83%
Sole
0.00
Shared
0.00
None
38.25K
CISCO SYS INC
SOLEShares93.94K
TypeSH
Market value$6.5K
3.51%
Sole
0.00
Shared
0.00
None
93.94K
GLOBAL X MLP & ENERGY INFRASTR
SOLEShares100.70K
TypeSH
Market value$6.3K
3.40%
Sole
0.00
Shared
0.00
None
100.70K
TESLA INC
SOLEShares19.14K
TypeSH
Market value$6.1K
3.28%
Sole
0.00
Shared
0.00
None
19.14K
LOCKHEED MARTIN CORP
SOLEShares11.35K
TypeSH
Market value$5.3K
2.83%
Sole
0.00
Shared
0.00
None
11.35K
ROYALTY PHARMA PLC F CLASS A
SOLEShares131.32K
TypeSH
Market value$4.7K
2.55%
Sole
0.00
Shared
0.00
None
131.32K
SPROTT URANIUM MINERS ETF
SOLEShares86.80K
TypeSH
Market value$4.2K
2.24%
Sole
0.00
Shared
0.00
None
86.80K
MATTHEWS EMG MRKTS CHINA ACT E
SOLEShares123.59K
TypeSH
Market value$4.0K
2.18%
Sole
0.00
Shared
0.00
None
123.59K
SPROTT PHYSICAL SILVER E
SOLEShares253.38K
TypeSH
Market value$3.1K
1.67%
Sole
0.00
Shared
0.00
None
253.38K
ROYCE SMALL CAP TRUST CF
SOLEShares195.24K
TypeSH
Market value$2.9K
1.58%
Sole
0.00
Shared
0.00
None
195.24K
WISDOMTREE US QLT DIV GRW ETF
SOLEShares27.93K
TypeSH
Market value$2.3K
1.26%
Sole
0.00
Shared
0.00
None
27.93K
HOWARD HUGHES HLDGS INC
SOLEShares14.83K
TypeSH
Market value$1.0K
0.54%
Sole
0.00
Shared
0.00
None
14.83K
PUT SPDR S&P 500 $530 EXP 01/1
SOLEShares1K
TypeSH
Market value$841.00
0.45%
Sole
0.00
Shared
0.00
None
1K
SCHWAB FUNDAMNTL INTRNL EQT ET
SOLEShares15.40K
TypeSH
Market value$616.00
0.33%
Sole
0.00
Shared
0.00
None
15.40K
SPROTT PHYSICAL GOLD ETV
SOLEShares12K
TypeSH
Market value$304.00
0.16%
Sole
0.00
Shared
0.00
None
12K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BERKSHIRE HATHAWAY CLASS BSOLE | COM | 52.70K | SH | $25.6K 13.80% | 0.00 | 0.00 | 52.70K |
SPDR GOLD SHARES ETFSOLE | UIUS | 48.50K | SH | $14.8K 7.97% | 0.00 | 0.00 | 48.50K |
ALPHABET INC CLASS CSOLE | COM | 77.39K | SH | $13.7K 7.40% | 0.00 | 0.00 | 77.39K |
MICROSOFT CORPSOLE | COM | 27.17K | SH | $13.5K 7.28% | 0.00 | 0.00 | 27.17K |
VANECK GOLD MINERS ETFSOLE | UIUS | 236.22K | SH | $12.3K 6.63% | 0.00 | 0.00 | 236.22K |
ALPHABET INC CLASS ASOLE | COM | 63.47K | SH | $11.2K 6.03% | 0.00 | 0.00 | 63.47K |
ALPHA ARCHTCT US QUNTV VAL ETFSOLE | COM | 248.74K | SH | $10.9K 5.90% | 0.00 | 0.00 | 248.74K |
APPLE INCSOLE | COM | 53K | SH | $10.9K 5.86% | 0.00 | 0.00 | 53K |
ABBOTT LABSSOLE | COM | 67.54K | SH | $9.2K 4.95% | 0.00 | 0.00 | 67.54K |
KKR & CO INCSOLE | COM | 54.17K | SH | $7.2K 3.88% | 0.00 | 0.00 | 54.17K |
ABBVIE INCSOLE | COM | 38.25K | SH | $7.1K 3.83% | 0.00 | 0.00 | 38.25K |
CISCO SYS INCSOLE | COM | 93.94K | SH | $6.5K 3.51% | 0.00 | 0.00 | 93.94K |
GLOBAL X MLP & ENERGY INFRASTRSOLE | COM | 100.70K | SH | $6.3K 3.40% | 0.00 | 0.00 | 100.70K |
TESLA INCSOLE | COM | 19.14K | SH | $6.1K 3.28% | 0.00 | 0.00 | 19.14K |
LOCKHEED MARTIN CORPSOLE | COM | 11.35K | SH | $5.3K 2.83% | 0.00 | 0.00 | 11.35K |
ROYALTY PHARMA PLC F CLASS ASOLE | COM | 131.32K | SH | $4.7K 2.55% | 0.00 | 0.00 | 131.32K |
SPROTT URANIUM MINERS ETFSOLE | COM | 86.80K | SH | $4.2K 2.24% | 0.00 | 0.00 | 86.80K |
MATTHEWS EMG MRKTS CHINA ACT ESOLE | COM | 123.59K | SH | $4.0K 2.18% | 0.00 | 0.00 | 123.59K |
SPROTT PHYSICAL SILVER ESOLE | COM | 253.38K | SH | $3.1K 1.67% | 0.00 | 0.00 | 253.38K |
ROYCE SMALL CAP TRUST CFSOLE | COM | 195.24K | SH | $2.9K 1.58% | 0.00 | 0.00 | 195.24K |
WISDOMTREE US QLT DIV GRW ETFSOLE | COM | 27.93K | SH | $2.3K 1.26% | 0.00 | 0.00 | 27.93K |
HOWARD HUGHES HLDGS INCSOLE | COM | 14.83K | SH | $1.0K 0.54% | 0.00 | 0.00 | 14.83K |
PUT SPDR S&P 500 $530 EXP 01/1SOLE | PUT | 1K | SH | $841.00 0.45% | 0.00 | 0.00 | 1K |
SCHWAB FUNDAMNTL INTRNL EQT ETSOLE | COM | 15.40K | SH | $616.00 0.33% | 0.00 | 0.00 | 15.40K |
SPROTT PHYSICAL GOLD ETVSOLE | COM | 12K | SH | $304.00 0.16% | 0.00 | 0.00 | 12K |
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