Q2 2025 · 13F-HR
MENLO ADVISORS LLCholdings as filed
Filed 2025-08-06 · accession 0001279708-25-000004
$185,571
Reported value
29
Positions
2025-06-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 084670702 | BRK/B | BERKSHIRE HATHAWAY CLASS B | $25,601 | 13.8% | 52,702 | Common | NONE |
| 78463v107 | — | SPDR GOLD SHARES ETF | $14,785 | 7.97% | 48,503 | Common | NONE |
| 02079k107 | — | ALPHABET INC CLASS C | $13,728 | 7.40% | 77,393 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $13,516 | 7.28% | 27,172 | Common | NONE |
| 92189f106 | — | VANECK GOLD MINERS ETF | $12,297 | 6.63% | 236,215 | Common | NONE |
| 02079k305 | — | ALPHABET INC CLASS A | $11,185 | 6.03% | 63,473 | Common | NONE |
| 02072l102 | — | ALPHA ARCHTCT US QUNTV VAL ETF | $10,947 | 5.90% | 248,740 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $10,874 | 5.86% | 53,001 | Common | NONE |
| 002824100 | ABT | ABBOTT LABS | $9,185 | 4.95% | 67,536 | Common | NONE |
| 48251w104 | — | KKR & CO INC | $7,206 | 3.88% | 54,175 | Common | NONE |
| 00287y109 | — | ABBVIE INC | $7,100 | 3.83% | 38,252 | Common | NONE |
| 17275r102 | — | CISCO SYS INC | $6,517 | 3.51% | 93,944 | Common | NONE |
| 37954y293 | — | GLOBAL X MLP & ENERGY INFRASTR | $6,309 | 3.40% | 100,697 | Common | NONE |
| 88160r101 | — | TESLA INC | $6,080 | 3.28% | 19,140 | Common | NONE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $5,254 | 2.83% | 11,345 | Common | NONE |
| g7709q104 | — | ROYALTY PHARMA PLC F CLASS A | $4,731 | 2.55% | 131,325 | Common | NONE |
| 85208p303 | — | SPROTT URANIUM MINERS ETF | $4,160 | 2.24% | 86,804 | Common | NONE |
| 577125792 | MEMX | MATTHEWS EMG MRKTS CHINA ACT E | $4,045 | 2.18% | 123,590 | Common | NONE |
| 85207k107 | — | SPROTT PHYSICAL SILVER E | $3,101 | 1.67% | 253,380 | Common | NONE |
| 780910105 | RVT | ROYCE SMALL CAP TRUST CF | $2,938 | 1.58% | 195,242 | Common | NONE |
| 97717x669 | — | WISDOMTREE US QLT DIV GRW ETF | $2,339 | 1.26% | 27,935 | Common | NONE |
| 44267t102 | — | HOWARD HUGHES HLDGS INC | $1,000 | 0.54% | 14,827 | Common | NONE |
| 78462f953 | — | PUT SPDR S&P 500 $530 EXP 01/1 | $841 | 0.45% | 1,000 | Common | NONE |
| 808524755 | FNDF | SCHWAB FUNDAMNTL INTRNL EQT ET | $616 | 0.33% | 15,403 | Common | NONE |
| 85207h104 | — | SPROTT PHYSICAL GOLD ETV | $304 | 0.16% | 12,000 | Common | NONE |
| 22788c105 | — | CROWDSTRIKE HLDGS INC CLASS A | $285 | 0.15% | 561 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $233 | 0.13% | 636 | Common | NONE |
| 023135106 | AMZN | AMAZON.COM INC | $219 | 0.12% | 1,000 | Common | NONE |
| 25461a304 | — | DIREXION DAILY AAPL BEAR 1X ET | $175 | 0.09% | 10,000 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.