MENLO ADVISORS LLC
Portfolio value QoQ: +2.4% 13F does not disclose cash
Top 10 holdings weight68.32%
Top 25 holdings weight99.44%
Positions above 1%22
Effective number of positions16.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 5.44% Est. buys $12,243,263 · sells $12,646,092
Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 85.7% still held
New positions3
Increased3
Decreased15
Closed2
Portfolio value
$227.9M
Positions
30
As of
June 30, 2026 Data as of Q2 2026
Sector breakdown
Full portfolio 30 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| BRK-B | $25,307,000 | 11.10% | 50,575 | $-180,000 | Down ×1 | ||
| Unknown issuer (CUSIP: 02079k107) | $24,847,000 | 10.90% | 70,325 | $1,628,000 | Down ×1 | ||
| Unknown issuer (CUSIP: 02079k305) | $18,665,000 | 8.19% | 52,230 | $682,000 | Down ×1 | ||
| Unknown issuer (CUSIP: 78463v107) | $17,443,000 | 7.65% | 47,353 | $-1,458,000 | Down ×1 | ||
| AAPL | $13,627,000 | 5.98% | 47,097 | $807,000 | Down ×1 | ||
| Unknown issuer (CUSIP: 02072l102) | $13,328,000 | 5.85% | 240,365 | $1,551,000 | Down ×1 | ||
| Unknown issuer (CUSIP: 92189f106) | $12,524,000 | 5.49% | 165,992 | $-7,020,000 | Down ×1 | ||
| Unknown issuer (CUSIP: 17275r102) | $10,573,000 | 4.64% | 90,019 | $3,639,000 | |||
| MSFT | $9,804,000 | 4.30% | 26,282 | $-2,957,000 | Down ×1 | ||
| Unknown issuer (CUSIP: 00287y109) | $9,587,000 | 4.21% | 38,102 | $882,000 | |||
| Unknown issuer (CUSIP: 37954y293) | $8,535,000 | 3.74% | 115,872 | $2,528,000 | Up ×1 | ||
| Unknown issuer (CUSIP: 88160r101) | $8,050,000 | 3.53% | 19,140 | $-557,000 | |||
| Unknown issuer (CUSIP: g7709q104) | $7,117,000 | 3.12% | 126,940 | $2,185,000 | Down ×1 | ||
| MEMX | $6,296,000 | 2.76% | 126,030 | $1,580,000 | Down ×1 | ||
| ABT | $6,162,000 | 2.70% | 67,919 | $-2,256,000 | Up ×1 | ||
| LMT | $5,953,000 | 2.61% | 11,686 | $301,000 | Down ×1 | ||
| CAI | $5,355,000 | 2.35% | 300,518 | Up ×1 | |||
| CF | $5,237,000 | 2.30% | 48,375 | Up ×1 | |||
| Unknown issuer (CUSIP: 85207k107) | $4,749,000 | 2.08% | 251,710 | $-1,209,000 | Down ×1 | ||
| Unknown issuer (CUSIP: 85208p303) | $4,558,000 | 2.00% | 86,674 | $-179,000 | Up ×1 | ||
| Unknown issuer (CUSIP: 48251w104) | $4,192,000 | 1.84% | 45,675 | $-1,720,000 | Down ×1 | ||
| Unknown issuer (CUSIP: 97717x669) | $2,462,000 | 1.08% | 25,755 | $16,000 | Down ×1 | ||
| FNDF | $1,258,000 | 0.55% | 23,846 | $180,000 | |||
| MU | $577,000 | 0.25% | 500 | $244,000 | Down ×1 | ||
| Unknown issuer (CUSIP: 22788c105) | $428,000 | 0.19% | 561 | $166,000 | |||
| Unknown issuer (CUSIP: 85207h104) | $362,000 | 0.16% | 12,000 | $-34,000 | |||
| INTC | $342,000 | 0.15% | 2,455 | Up ×1 | |||
| AMZN | $238,000 | 0.10% | 1,000 | $8,000 | |||
| HD | $224,000 | 0.10% | 636 | $6,000 | |||
| Unknown issuer (CUSIP: 25461a304) | $121,000 | 0.05% | 10,000 | $-10,000 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| RVT | June 30, 2026 | 180,126 | $2,900,000 | -6.5% |
| SPY | June 30, 2026 | 1,500 | $575,000 | No longer tracked |