Menlo Advisors LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 19, 2024), Menlo Advisors LLC reported 29 stock positions worth $174.7 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 15.7% of the portfolio, followed by Alphabet Class C (GOOG, 6.9%) and Microsoft (MSFT, 6.8%). Compared with Q4 2023, it opened 1 new position, added to 6 and reduced 19. The biggest buy was PCR US SM CP CSH CWS ETF-Usd (CALF, shares +34%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001279708
- Portfolio Value
- $174.7M (Q1 2024)
- SEC Filing
- 0001279708-24-000004 ↗ filed Apr 19, 2024
Holdings Value
Holdings 29 stocks · $174.7M
| BRK.B Berkshire Hathaway Inc. Class B | 15.75% | 65,412 | $27.5M | Reduce -1.5% |
| GOOG Alphabet Inc. Class C | 6.93% | 79,503 | $12.1M | Reduce -0.5% |
| MSFT Microsoft Corp. | 6.77% | 28,122 | $11.8M | Reduce -0.9% |
| QVAL Alpha Arch US QNT Value ETF | 6.38% | 247,898 | $11.1M | Add +0.2% |
| GLD SPDR Gold Shares | 6.34% | 53,816 | $11.1M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 5.74% | 66,410 | $10.0M | Reduce -0.9% |
| AAPL Apple Inc. | 5.34% | 54,411 | $9.3M | Reduce -0.9% |
| ABT Abbott Laboratories | 4.53% | 69,587 | $7.9M | Reduce -0.5% |
| KKR KKR & Co. Inc. | 4.33% | 75,155 | $7.6M | Reduce -0.6% |
| GDX Vaneck Gold Miners ETF | 4.27% | 235,615 | $7.5M | Reduce -0.3% |
| ABBV Abbvie Inc. | 4.08% | 39,102 | $7.1M | Add +3.8% |
| CVS CVS Health Corp. | 3.77% | 82,524 | $6.6M | Reduce -2.7% |
| XLE SS Energy Select Sector | 3.39% | 62,729 | $5.9M | Add +0.4% |
| LMT Lockheed Martin Corp. | 3.22% | 12,380 | $5.6M | Reduce -0.6% |
| CSCO Cisco Systems Inc. | 2.75% | 96,278 | $4.8M | Reduce -0.2% |
| URNM Sprott Uranium Miners ETF | 2.40% | 85,034 | $4.2M | Add +6.2% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 2.39% | 85,075 | $4.2M | Add +34.1% |
| TSLA Tesla Inc. | 2.25% | 22,369 | $3.9M | Add +1.2% |
| SWN Southwestern Energy Co. | 1.99% | 458,540 | $3.5M | Reduce -3.4% |
| RVT Royce Small-Cap Trust Inc. | 1.75% | 201,114 | $3.0M | Reduce -0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.41% | 20,063 | $2.5M | Reduce -0.4% |
| KMB Kimberly-Clark Corp. | 1.31% | 17,737 | $2.3M | Reduce -0.5% |
| DGRW Wisdomtree U.S. Quality Divi | 1.23% | 28,160 | $2.1M | Reduce -0.3% |
| HHH Howard Hughes Holdings Inc. | 0.64% | 15,386 | $1.1M | Reduce -0.5% |
| LSXMK Liberty Media Corp.-Liber-New | 0.52% | 30,410 | $903K | Reduce -0.5% |
| AAPD Direxion Daily Aapl Bear 1X | 0.24% | 18,500 | $419K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 470 | $245K | No change |
| HD Home Depot Inc. | 0.14% | 636 | $243K | No change |
| ARAY Accuray Inc. | 0.01% | 10,000 | $24K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -0.9% | 5.34% | −1.16 |
| CVS CVS Health Corp. | Reduce -2.7% | 3.77% | −0.35 |
| LMT Lockheed Martin Corp. | Reduce -0.6% | 3.22% | −0.25 |
| CSCO Cisco Systems Inc. | Reduce -0.2% | 2.75% | −0.25 |
| GDX Vaneck Gold Miners ETF | Reduce -0.3% | 4.27% | −0.24 |
| ABT Abbott Laboratories | Reduce -0.5% | 4.53% | −0.21 |
| HHH Howard Hughes Holdings Inc. | Reduce -0.5% | 0.64% | −0.17 |
| RVT Royce Small-Cap Trust Inc. | Reduce -0.2% | 1.75% | −0.06 |
| LSXMK Liberty Media Corp.-Liber-New | Reduce -0.5% | 0.52% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -0.9% | 5.74% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -0.5% | 1.31% | −0.02 |
| GLD SPDR Gold Shares | Reduce -0.3% | 6.34% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 6.93% | +0.01 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -0.3% | 1.23% | +0.01 |
| SWN Southwestern Energy Co. | Reduce -3.4% | 1.99% | +0.08 |
| MSFT Microsoft Corp. | Reduce -0.9% | 6.77% | +0.21 |
| DIS The Walt Disney Co. | Reduce -0.4% | 1.41% | +0.29 |
| KKR KKR & Co. Inc. | Reduce -0.6% | 4.33% | +0.48 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.5% | 15.75% | +1.18 |
Portfolio Buys Q4 2023 → Q1 2024
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +34.1% | 2.39% | +0.52 |
| ABBV Abbvie Inc. | Add +3.8% | 4.08% | +0.48 |
| AAPD Direxion Daily Aapl Bear 1X | New | 0.24% | +0.24 |
| QVAL Alpha Arch US QNT Value ETF | Add +0.2% | 6.38% | +0.21 |
| XLE SS Energy Select Sector | Add +0.4% | 3.39% | +0.17 |
| URNM Sprott Uranium Miners ETF | Add +6.2% | 2.40% | +0.02 |
| TSLA Tesla Inc. | Add +1.2% | 2.25% | −1.13 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 30 | $227.9M | BRK.B, GOOG, GOOGL, GLD, AAPL |
| Q1 2026 | 30 | $222.6M | BRK.B, GOOG, GDX, GLD, GOOGL |
| Q4 2025 | 30 | $222.6M | BRK.B, GOOG, GDX, GLD, GOOGL |
| Q3 2025 | 29 | $210.6M | BRK.B, GOOG, GDX, GLD, GOOGL |
| Q2 2025 | 29 | $185.6M | BRK.B, GLD, GOOG, MSFT, GDX |
| Q1 2025 | 27 | $210.3M | BRK.B, STATE STR SPDR S&P 500 ETF T, GLD, GOOG, AAPL |
| Q4 2024 | 29 | $196.0M | BRK.B, GOOG, GLD, AAPL, GOOGL |
| Q3 2024 | 29 | $194.3M | BRK.B, GOOG, GLD, AAPL, MSFT |
| Q2 2024 | 32 | $180.2M | BRK.B, GOOG, MSFT, GOOGL, GLD |
| Q1 2024 | 29 | $174.7M | BRK.B, GOOG, MSFT, QVAL, GLD |