MENLO ADVISORS LLC
Holdings as of 2025-12-31, filed 2026-09-10
This is history, not a current position. These holdings describe 2025-12-31, and the report became public 253 days later. The portfolio has changed since.
Aggregates
computed from the positions belowPositions reported
30
Value reported by manager
$222.6K
Sum of our stored positions
$222.6K
should match the line above
Disclosure lag
253 d
quarter end to filing
Top 5 concentration
47.2%
of the positions shown
New positions
1
vs previous quarter
Exited
0
vs previous quarter
Option positions
0
puts and calls
Positions
30 largest shown| Issuer | Class | Value | Shares | Type | CUSIP |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY CLASS B | COM | $25.5K | 50,707 | — | 084670702 |
| ALPHABET INC CLASS CLASS C | COM | $23.2K | 73,993 | — | 02079K107 |
| VANECK GOLD MINERS ETF | UIUS | $19.5K | 227,866 | — | 92189F106 |
| SPDR GOLD SHARES | UIUS | $18.9K | 47,693 | — | 78463V107 |
| ALPHABET INC CLASS A | COM | $18K | 57,455 | — | 02079K305 |
| APPLE INC | COM | $12.8K | 47,157 | — | 037833100 |
| MICROSOFT CORP | COM | $12.8K | 26,387 | — | 594918104 |
| ALPHA ARCHITECT U.S. QUANTITAT | COM | $11.8K | 241,365 | — | 02072L102 |
| ABBVIE INC | COM | $8.7K | 38,102 | — | 00287Y109 |
| TESLA INC | COM | $8.6K | 19,140 | — | 88160R101 |
| ABBOTT LABS | COM | $8.4K | 67,196 | — | 002824100 |
| CISCO SYS INC | COM | $6.9K | 90,019 | — | 17275R102 |
| GLOBAL X MLP & ENERGY INFRASTR | COM | $6K | 99,252 | — | 37954Y293 |
| SPROTT PHYSICAL SILVER E | COM | $6K | 251,960 | — | 85207K107 |
| KKR & CO INC | COM | $5.9K | 46,380 | — | 48251W104 |
| LOCKHEED MARTIN CORP | COM | $5.7K | 11,687 | — | 539830109 |
| ROYALTY PHARMA PLC F CLASS A | COM | $4.9K | 127,640 | — | G7709Q104 |
| SPROTT URANIUM MINERS ETF | COM | $4.7K | 86,304 | — | 85208P303 |
| MATTHEWS EMERGING MARKETS EX C | COM | $4.7K | 126,040 | — | 577125792 |
| ROYCE SMALL CAP TRUST CF | COM | $2.9K | 180,126 | — | 780910105 |
| WISDOMTREE U.S. QUALITY DIVIDE | COM | $2.4K | 27,360 | — | 97717X669 |
| SCHWAB FUNDAMENTAL INTERNATION | COM | $1.1K | 23,846 | — | 808524755 |
| HOWARD HUGHES HLDGS INC | COM | $939 | 11,777 | — | 44267T102 |
| PUT STATE STREET SPDR S& $600 | PUT | $575 | 1,500 | — | 78462F103 |
| SPROTT PHYSGLD TRST | COM | $396 | 12,000 | — | 85207H104 |
| MICRON TECHNOLOGY INC | COM | $333 | 1,170 | — | 595112103 |
| CROWDSTRIKE HLDGS INC CLASS CL | COM | $262 | 561 | — | 22788C105 |
| AMAZON.COM INC | COM | $230 | 1,000 | — | 023135106 |
| HOME DEPOT INC | COM | $218 | 636 | — | 437076102 |
| DIREXION DAILY AAPL BEAR 1X SH | COM | $131 | 10,000 | — | 25461A304 |
Values are shown exactly as filed. Before 2023 managers reported in thousands of dollars and afterwards in whole dollars; the reporting unit is not always determinable from the document, so nothing is converted automatically.
Source: U.S. Securities and Exchange Commission, Form 13F · as of 2026-09-10