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Q2 2026 13F · SEC CIK 1279708

Menlo Advisors LLC

Wealth managerFiled 2026-09-10 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value
$227.9M
Reported positions
30
Top holdings a year, 3 yrs
+21.7%
Assets under management
$369.7M

Menlo Advisors LLC is a wealth manager that reported 30 positions worth $227.9M in its Q2 2026 13F, filed 2026-09-10. Its largest holdings were Berkshire Hathaway Inc Del (BRK-B, 11.1%), Alphabet Inc (GOOG, 10.9%), Alphabet Inc (GOOGL, 8.2%). A portfolio copying its top holdings returned 21.7% a year over the last 3 years, against 22.3% for the S&P 500.

Menlo Advisors LLC holdings all 30 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Menlo Advisors LLC 13F holdings
Stock% of 13F valueShare changeReported value
BRK-BBerkshire Hathaway Inc Del11.1%-0.3%$25.3M
GOOGAlphabet Inc10.9%-5.0%$24.8M
GOOGLAlphabet Inc8.2%-9.1%$18.7M
GLDSpdr Gold Tr7.7%-0.7%$17.4M
AAPLApple Inc6.0%-0.1%$13.6M
QVALEa Series Trust5.8%-0.4%$13.3M
GDXVaneck ETF Trust5.5%-27.2%$12.5M
CSCOCisco Sys Inc4.6%+0.0%$10.6M
MSFTMicrosoft Corp4.3%-0.4%$9.8M
ABBVAbbvie Inc4.2%+0.0%$9.6M
MLPXGlobal X Fds3.7%+16.7%$8.5M
TSLATesla Inc3.5%+0.0%$8.1M
RPRXRoyalty Pharma PLC3.1%-0.5%$7.1M
MEMXMatthews Emerging Markets Ex C2.8%-0.0%$6.3M
ABTAbbott Laboratories2.7%+1.1%$6.2M
LMTLockheed Martin Corp2.6%-0.0%$6.0M
CAICaris Life Sciences Inc2.3%—$5.4M
CFCf Industries Hold2.3%—$5.2M
PSLVSprott Physical2.1%-0.1%$4.7M
URNMSprott Fds Tr2.0%+0.4%$4.6M
KKRKkr & Co Inc1.8%-1.5%$4.2M
DGRWWisdomtree Tr1.1%-5.9%$2.5M
FNDFSchwab Strategic Tr0.6%+0.0%$1.3M
MUMicron Technology Inc0.3%-57.3%$577K
CRWDCrowdstrike Hldgs Inc0.2%+0.0%$428K
PHYSSprott Asset Management LP0.2%+0.0%$362K
INTCIntel Corp0.1%—$342K
AMZNAmazon Com Inc0.1%+0.0%$238K
HDHome Depot Inc0.1%+0.0%$224K
AAPDDirexion Shares ETF Trust0.1%+0.0%$121K

What Menlo Advisors LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Added to

Reduced

Sold out

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year
+9.3% /yr
S&P 500 +11.7%
3 years
+21.7% /yr
S&P 500 +22.3%
5 years
+11.3% /yr
S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter13F valuePositions
Q2 2026$227.9M30
Q1 2026$222.6M30
Q2 2025$185.6M29
Q1 2025$210.3M27
Q4 2024$196.0M29
Q3 2024$194.3M29
Q2 2024$180.2M32
Q1 2024$174.7M29
Q4 2023$162.5M28
Q3 2023$152.2M31
Q2 2023$158.7M31
Q1 2023$145.7M29

Questions about Menlo Advisors LLC's portfolio

What stocks does Menlo Advisors LLC own?

Menlo Advisors LLC's latest 13F, for Q2 2026 and filed Sep 10, 2026, lists 30 positions worth $227.9M. The largest are Berkshire Hathaway Inc Del (BRK-B) at 11.1%, Alphabet Inc (GOOG) at 10.9%, Alphabet Inc (GOOGL) at 8.2%, Spdr Gold Tr (GLD) at 7.7% and Apple Inc (AAPL) at 6.0%.

What did Menlo Advisors LLC buy last quarter?

In Q2 2026, Menlo Advisors LLC added a new position in Caris Life Sciences Inc (CAI), a new position in Cf Industries Hold (CF), a new position in Intel Corp (INTC) and Global X Fds (MLPX) (+16.7% shares), compared with its Q1 2026 filing.

What did Menlo Advisors LLC sell last quarter?

In Q2 2026, Menlo Advisors LLC sold all of Royce Small Cap Trust Inc Com (RVT), sold all of Howard Hughes Holdings Inc (HHH), sold all of State Str Spdr S&p 500 ETF T (SPY), Micron Technology Inc (MU) (-57.3% shares), Vaneck ETF Trust (GDX) (-27.2% shares) and Alphabet Inc (GOOGL) (-9.1% shares), compared with its Q1 2026 filing.

How has Menlo Advisors LLC's portfolio performed?

A portfolio copying Menlo Advisors LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +21.7% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +9.3% against +11.7%. Over 5 years: +11.3% a year against +10.6%.

When is Menlo Advisors LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Menlo Advisors LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Menlo Advisors LLC manage?

Menlo Advisors LLC reported $369.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $227.9M.