Menlo Advisors LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 18, 2024), Menlo Advisors LLC reported 29 stock positions worth $194.3 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 15.3% of the portfolio, followed by Alphabet Class C (GOOG, 6.8%) and SPDR Gold Shares (GLD, 6.7%). Compared with Q2 2024, it opened 1 new position, sold out of 4, added to 5 and reduced 11. The biggest buy was a new position in Matthews Em Ex China Active (MEMX) and the biggest sale an exit from CVS Health (CVS).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001279708
- Portfolio Value
- $194.3M (Q3 2024)
- SEC Filing
- 0001279708-24-000008 ↗ filed Nov 18, 2024
Holdings Value
Holdings 29 stocks · $194.3M
| BRK.B Berkshire Hathaway Inc. Class B | 15.33% | 64,694 | $29.8M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 6.80% | 79,058 | $13.2M | Reduce -0.0% |
| GLD SPDR Gold Shares | 6.75% | 53,921 | $13.1M | No change |
| AAPL Apple Inc. | 6.55% | 54,576 | $12.7M | Add +0.3% |
| MSFT Microsoft Corp. | 6.18% | 27,887 | $12.0M | Reduce -0.8% |
| QVAL Alpha Arch US QNT Value ETF | 5.90% | 248,530 | $11.5M | Reduce -0.0% |
| GOOGL Alphabet Inc. Class A | 5.62% | 65,870 | $10.9M | Reduce -0.8% |
| GDX Vaneck Gold Miners ETF | 4.90% | 239,215 | $9.5M | Add +1.5% |
| KKR KKR & Co. Inc. | 4.07% | 60,570 | $7.9M | Reduce -19.2% |
| ABT Abbott Laboratories | 4.06% | 69,231 | $7.9M | Reduce -0.4% |
| ABBV Abbvie Inc. | 3.95% | 38,902 | $7.7M | No change |
| LMT Lockheed Martin Corp. | 3.72% | 12,380 | $7.2M | No change |
| XLE SS Energy Select Sector | 3.05% | 67,395 | $5.9M | No change |
| TSLA Tesla Inc. | 2.99% | 22,169 | $5.8M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 2.61% | 95,119 | $5.1M | No change |
| MLPX Global X MLP & Energy Infras | 2.28% | 81,402 | $4.4M | Add +1302.3% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 2.21% | 92,461 | $4.3M | Add +1.0% |
| RPRX Royalty Pharma PLC Class A | 2.15% | 147,885 | $4.2M | No change |
| MEMX Matthews Em Ex China Active | 2.12% | 133,630 | $4.1M | New |
| URNM Sprott Uranium Miners ETF | 2.12% | 89,564 | $4.1M | Add +2.2% |
| RVT Royce Small-Cap Trust Inc. | 1.62% | 201,044 | $3.2M | No change |
| SWN Southwestern Energy Co. | 1.56% | 427,380 | $3.0M | Reduce -0.7% |
| DGRW Wisdomtree U.S. Quality Divi | 1.20% | 28,060 | $2.3M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.99% | 19,915 | $1.9M | Reduce -0.7% |
| HHH Howard Hughes Holdings Inc. | 0.61% | 15,386 | $1.2M | No change |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.30% | 15,403 | $575K | No change |
| HD Home Depot Inc. | 0.13% | 636 | $257K | No change |
| PHYS Sprott Physical Gold Trust | 0.13% | 12,000 | $244K | No change |
| AAPD Direxion Daily Aapl Bear 1X | 0.11% | 12,500 | $205K | Reduce -32.4% |
Portfolio Sells Q2 2024 → Q3 2024
| CVS CVS Health Corp. | Sold out | 0.00% | −2.60 |
| GOOG Alphabet Inc. Class C | Reduce -0.0% | 6.80% | −1.24 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 5.62% | −1.09 |
| MSFT Microsoft Corp. | Reduce -0.8% | 6.18% | −0.80 |
| KKR KKR & Co. Inc. | Reduce -19.2% | 4.07% | −0.31 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.14 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.12 |
| DIS The Walt Disney Co. | Reduce -0.7% | 0.99% | −0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.12 |
| AAPD Direxion Daily Aapl Bear 1X | Reduce -32.4% | 0.11% | −0.08 |
| SWN Southwestern Energy Co. | Reduce -0.7% | 1.56% | −0.04 |
| QVAL Alpha Arch US QNT Value ETF | Reduce -0.0% | 5.90% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.4% | 4.06% | +0.06 |
| TSLA Tesla Inc. | Reduce -0.9% | 2.99% | +0.53 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 15.33% | +0.61 |
Portfolio Buys Q2 2024 → Q3 2024
| MEMX Matthews Em Ex China Active | New | 2.12% | +2.12 |
| MLPX Global X MLP & Energy Infras | Add +1302.3% | 2.28% | +2.12 |
| GDX Vaneck Gold Miners ETF | Add +1.5% | 4.90% | +0.47 |
| AAPL Apple Inc. | Add +0.3% | 6.55% | +0.19 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +1.0% | 2.21% | +0.00 |
| URNM Sprott Uranium Miners ETF | Add +2.2% | 2.12% | −0.28 |
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 |