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Menlo Advisors LLC Historical SEC 13F Holdings & Archive (Q2 2025)
Menlo Advisors LLCCIK: 0001279708
Quality / disciplined sizingLong-term holderDiversified strategy
Total reported value
$185.6M
Reporting period: 2025-06-30 · Number of holdings: 29
MENLO ADVISORS LLC disclosed 29 holdings in its latest 13F filing for the period ending 2025-06-30, with total reported value of $185.6M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 25.27
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 65.88
- Diversification
- 58
- Sizing Uniformity
- 90.72
Menlo Advisors LLC's disclosed holdings carry a Herfindahl concentration index of 0.063 — mathematically equivalent to about 16 equally-sized positions, well below its 29 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.93), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 63% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 13.80% | — | -1.51% | |
| 2 | ✓ | Stock-Other | 7.97% | — | -20.59% | ||
| 3 | ✓ | Stock-Other | 7.40% | — | -1.02% | ||
| 4 | MSFT | Microsoft CORP | Stock-Tech | 7.28% | — | -2.21% | |
| 5 | ✓ | Stock-Other | 6.63% | — | -1.21% | ||
| 6 | ✓ | Stock-Other | 6.03% | — | -1.24% | ||
| 7 | ✓ | Alpha Archtct US Quntv Val ETF | ETF-Other | 5.90% | — | -1.04% | |
| 8 | AAPL | Apple Inc | Stock-Tech | 5.86% | — | -1.85% | |
| 9 | ABT | Abbott Laboratories | Stock-Healthcare | 4.95% | — | -2.10% | |
| 10 | ✓ | Stock-Other | 3.88% | — | -2.87% | ||
| 11 | ✓ | Stock-Other | 3.83% | — | -1.29% | ||
| 12 | ✓ | Stock-Other | 3.51% | — | -1.24% | ||
| 13 | ✓ | Stock-Other | 3.40% | — | -1.66% | ||
| 14 | ✓ | Stock-Other | 3.28% | — | — | ||
| 15 | LMT | Lockheed Martin CORP | Stock-Industrials | 2.83% | — | -1.73% | |
| 16 | ✓ | Stock-Other | 2.55% | — | -1.43% | ||
| 17 | ✓ | Stock-Other | 2.24% | — | -2.60% | ||
| 18 | MEMX | Matthews Em Ex China Active | ETF-Emerging Markets | 2.18% | — | -1.91% | |
| 19 | ✓ | Stock-Other | 1.67% | — | — | ||
| 20 | RVT | Royce Small-cap Trust Inc | Stock-Other | 1.58% | — | -2.89% | |
| 21 | ✓ | Stock-Other | 1.26% | — | -0.27% | ||
| 22 | ✓ | Stock-Other | 0.54% | — | -3.04% | ||
| 23 | ✓ | Spdr S&P 500 Etf Tr Put Option | ETF-Large Cap & Growth | 0.45% | — | -98.00% | |
| 24 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 0.33% | — | — | |
| 25 | ✓ | Stock-Other | 0.16% | — | — | ||
| 26 | ✓ | Stock-Other | 0.15% | — | — | ||
| 27 | HD | Home Depot Inc | Stock-Consumer Disc | 0.13% | — | — | |
| 28 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.12% | — | — | |
| 29 | ✓ | Stock-Other | 0.09% | — | — |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
+1.4%
Performance Last 4 Quarters
+33.6%
Based on 86% of reported portfolio value with available pricing
- Stdev
- +14%
- Beta
- +0.83
- Alpha
- +7.1%
- Max Drawdown
- -8.7%
- Annualized Perf
- +25.2%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +3.2
- Stutzer
- +0.48
- Treynor
- +0.29
- Sterling
- +1.58
- Calmar
- +2.91
- Information Ratio
- +0.39
- Tracking Error
- +9.2%
- Stdev Down
- +7.4%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +49.7%
- Worst 12 Months
- +11.4%
- Efficiency Ratio
- +0.72
- Sharpe
- +1.69
- Stdev Sectors
- +9.4%
- Skewness
- -0.56
- Kurtosis
- +0.15
- Upside Potential
- +4.62
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2025 Q2 | 29 | $185.6M | 0 | ||
| 2025 Q1 | 27 | $210.3M | 100 | ||
| 2024 Q4 | 29 | $196.0M | 0 | ||
| 2024 Q3 | 29 | $194.3M | 0 | ||
| 2024 Q2 | 32 | $180.2M | 0 | ||
| 2024 Q1 | 29 | $174.7M | 0 | ||
| 2023 Q4 | 28 | $162.5M | 0 | ||
| 2023 Q3 | 31 | $152.2M | 0 | ||
| 2023 Q2 | 31 | $158.7M | 0 | ||
| 2023 Q1 | 29 | $145.7M | 0 | ||
| 2022 Q4 | 28 | $133.1M | 0 | ||
| 2022 Q3 | 29 | $142.6M | 0 | ||
| 2022 Q2 | 32 | $150.8M | 0 | ||
| 2022 Q1 | 37 | $189.1M | 0 | ||
| 2021 Q4 | 45 | $201.2M | 0 | ||
| 2021 Q3 | 42 | $189.2M | 0 | ||
| 2021 Q2 | 42 | $185.5M | 13 | ||
| 2021 Q1 | 38 | $168.1M | 17 | ||
| 2020 Q4 | 39 | $151.0M | 19 | ||
| 2020 Q3 | 35 | $127.5M | 20 | ||
| 2020 Q2 | 36 | $128.0M | 46 | ||
| 2020 Q1 | 30 | $106.0M | 41 | ||
| 2019 Q4 | 35 | $153.0M | 10 | ||
| 2019 Q3 | 36 | $143.0M | 9 | ||
| 2019 Q2 | 39 | $145.1M | 13 | ||
| 2019 Q1 | 39 | $140.4M | 21 | ||
| 2018 Q4 | 37 | $128.7M | 24 | ||
| 2018 Q3 | 41 | $148.1M | 15 | ||
| 2018 Q2 | 40 | $135.9M | 16 | ||
| 2018 Q1 | 42 | $138.2M | 17 | ||
| 2017 Q4 | 43 | $138.2M | 9 | ||
| 2017 Q3 | 43 | $131.5M | 13 | ||
| 2017 Q2 | 44 | $136.0M | 6 | ||
| 2017 Q1 | 47 | $132.9M | 14 | ||
| 2016 Q4 | 43 | $124.4M | 16 | ||
| 2016 Q3 | 43 | $124.9M | 7 | ||
| 2016 Q2 | 43 | $117.7M | 36 | ||
| 2016 Q1 | 38 | $108.9M | 20 | ||
| 2015 Q4 | 39 | $113.7M | 17 | ||
| 2015 Q3 | 36 | $127.3M | 33 | ||
| 2015 Q2 | 39 | $143.0M | 15 | ||
| 2015 Q1 | 37 | $140.0M | 12 | ||
| 2014 Q4 | 36 | $140.7M | 12 | ||
| 2014 Q3 | 36 | $137.8M | 17 | ||
| 2014 Q2 | 37 | $139.4M | 14 | ||
| 2014 Q1 | 34 | $133.2M | 24 | ||
| 2013 Q4 | 33 | $134.2M | 14 | ||
| 2013 Q3 | 35 | $128.5M | 49 | ||
| 2013 Q2 | 32 | $118.6M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Menlo Advisors LLC and what type of investor is it?
Menlo Advisors LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-06-30), the firm manages a tracked equity portfolio valued at approximately $185.6M, spread across 29 disclosed positions.
What are Menlo Advisors LLC's largest equity positions?
Based on the latest 13F filing, Menlo Advisors LLC's top holdings by market value are:
1. Berkshire Hathaway Inc-cl B (BRK-B) — $25.6M (13.8%)
2. — $14.8M (8.0%)
3. — $13.7M (7.4%)
4. Microsoft CORP (MSFT) — $13.5M (7.3%)
5. — $12.3M (6.6%)
What changes did Menlo Advisors LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for Menlo Advisors LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Menlo Advisors LLC focus on?
Menlo Advisors LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 28.0%
• Information Technology: 26.7%
• Communication Services: 21.3%
• Health Care: 13.9%
• Consumer Discretionary: 5.6%
• Industrials: 4.5%
Investment Profile
Menlo Advisors LLC returned an annualized 25.2% over the trailing 36 months — outperforming the S&P 500 by 7.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.83 (less volatile than the market) and a 58% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its 92189f106 position over the past two quarters (+$4.2M, now $12.3M), while trimming BRK-B over the same stretch (-$3.6M, still holding $25.6M).
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Developer Access
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