Menlo Advisors LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Menlo Advisors LLC reported 32 stock positions worth $180.2 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 14.7% of the portfolio, followed by Alphabet Class C (GOOG, 8.0%) and Microsoft (MSFT, 7.0%). Compared with Q1 2024, it opened 6 new positions, sold out of 3, added to 5 and reduced 11. The biggest buy was a new position in Royalty Pharma Class A (RPRX) and the biggest sale an exit from Kimberly-Clark (KMB).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001279708
- Portfolio Value
- $180.2M (Q2 2024)
- SEC Filing
- 0001279708-24-000006 ↗ filed Aug 9, 2024
Holdings Value
Holdings 32 stocks · $180.2M
| BRK.B Berkshire Hathaway Inc. Class B | 14.71% | 65,169 | $26.5M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 8.05% | 79,063 | $14.5M | Reduce -0.6% |
| MSFT Microsoft Corp. | 6.97% | 28,117 | $12.6M | Reduce -0.0% |
| GOOGL Alphabet Inc. Class A | 6.71% | 66,410 | $12.1M | No change |
| GLD SPDR Gold Shares | 6.43% | 53,921 | $11.6M | Add +0.2% |
| AAPL Apple Inc. | 6.36% | 54,411 | $11.5M | No change |
| QVAL Alpha Arch US QNT Value ETF | 5.91% | 248,610 | $10.7M | Add +0.3% |
| GDX Vaneck Gold Miners ETF | 4.44% | 235,615 | $8.0M | No change |
| KKR KKR & Co. Inc. | 4.38% | 74,955 | $7.9M | Reduce -0.3% |
| ABT Abbott Laboratories | 4.01% | 69,492 | $7.2M | Reduce -0.1% |
| ABBV Abbvie Inc. | 3.70% | 38,902 | $6.7M | Reduce -0.5% |
| XLE SS Energy Select Sector | 3.41% | 67,395 | $6.1M | Add +7.4% |
| LMT Lockheed Martin Corp. | 3.21% | 12,380 | $5.8M | No change |
| CVS CVS Health Corp. | 2.60% | 79,359 | $4.7M | Reduce -3.8% |
| CSCO Cisco Systems Inc. | 2.51% | 95,119 | $4.5M | Reduce -1.2% |
| TSLA Tesla Inc. | 2.46% | 22,369 | $4.4M | No change |
| URNM Sprott Uranium Miners ETF | 2.39% | 87,599 | $4.3M | Add +3.0% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 2.21% | 91,561 | $4.0M | Add +7.6% |
| RPRX Royalty Pharma PLC Class A | 2.16% | 147,885 | $3.9M | New |
| RVT Royce Small-Cap Trust Inc. | 1.61% | 201,044 | $2.9M | Reduce -0.0% |
| SWN Southwestern Energy Co. | 1.61% | 430,280 | $2.9M | Reduce -6.2% |
| DGRW Wisdomtree U.S. Quality Divi | 1.22% | 28,060 | $2.2M | Reduce -0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.11% | 20,063 | $2.0M | No change |
| HHH Howard Hughes Holdings Inc. | 0.55% | 15,386 | $997K | No change |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.30% | 15,403 | $539K | New |
| AAPD Direxion Daily Aapl Bear 1X | 0.19% | 18,500 | $337K | No change |
| MLPX Global X MLP & Energy Infras | 0.16% | 5,805 | $296K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 470 | $255K | No change |
| QCOM Qualcomm Inc. | 0.12% | 1,125 | $224K | New |
| HD Home Depot Inc. | 0.12% | 636 | $218K | No change |
| PHYS Sprott Physical Gold Trust | 0.12% | 12,000 | $216K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.12% | 561 | $214K | New |
Portfolio Sells Q1 2024 → Q2 2024
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −1.31 |
| CVS CVS Health Corp. | Reduce -3.8% | 2.60% | −1.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 14.71% | −1.04 |
| ABT Abbott Laboratories | Reduce -0.1% | 4.01% | −0.52 |
| LSXMK Liberty Media Corp.-Liber-New | Sold out | 0.00% | −0.52 |
| SWN Southwestern Energy Co. | Reduce -6.2% | 1.61% | −0.38 |
| ABBV Abbvie Inc. | Reduce -0.5% | 3.70% | −0.37 |
| CSCO Cisco Systems Inc. | Reduce -1.2% | 2.51% | −0.24 |
| RVT Royce Small-Cap Trust Inc. | Reduce -0.0% | 1.61% | −0.13 |
| ARAY Accuray Inc. | Sold out | 0.00% | −0.01 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -0.4% | 1.22% | −0.01 |
| KKR KKR & Co. Inc. | Reduce -0.3% | 4.38% | +0.05 |
| MSFT Microsoft Corp. | Reduce -0.0% | 6.97% | +0.20 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 8.05% | +1.12 |
Portfolio Buys Q1 2024 → Q2 2024
| RPRX Royalty Pharma PLC Class A | New | 2.16% | +2.16 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.30% | +0.30 |
| MLPX Global X MLP & Energy Infras | New | 0.16% | +0.16 |
| QCOM Qualcomm Inc. | New | 0.12% | +0.12 |
| PHYS Sprott Physical Gold Trust | New | 0.12% | +0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.12% | +0.12 |
| GLD SPDR Gold Shares | Add +0.2% | 6.43% | +0.09 |
| XLE SS Energy Select Sector | Add +7.4% | 3.41% | +0.02 |
| URNM Sprott Uranium Miners ETF | Add +3.0% | 2.39% | −0.01 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +7.6% | 2.21% | −0.18 |
| QVAL Alpha Arch US QNT Value ETF | Add +0.3% | 5.91% | −0.46 |
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 |