What stocks does Menlo Advisors own?

As of Q2 2026, Menlo Advisors reported 30 positions with a combined 13F value of $227.9M. Its largest stock positions are BRK.B ($25.3M), GOOG ($24.8M) and GOOGL ($18.7M).

How often does Menlo Advisors update its portfolio?

Menlo Advisors files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Sep 10, 2026. The next one is due by Nov 16, 2026.

What does Menlo Advisors's 13F leave out?

A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.

Where does Menlo Advisors's portfolio data come from?

From the 13F filings Menlo Advisors makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.

Smart money

Menlo Advisors LLC

Return history

Last 4 years · filing-date model

$100,000 to $216,107

$100,000 in SPY: $229,980.

Total return

+116%

Annualized (4Y CAGR)

+21.2%

vs SPY

−1.9 pts/yr

Moves a year

Avg hold

12.1 months

14 filings · quarters -5.7% to +21.4%

All time

+78.9% since Apr 28, 2022

Fund size $211M today

Oct 12, 2022 to Oct 11, 2026 · min. 82% quarterly priced · Disclosed book, unaudited · Method

Position-weighted returns use each SEC filing date. Options use underlying-stock proxies, not option premiums; put proxies can lose more than 100%. Cash, shorts, non-13F holdings and trades between filings are excluded.

New CAI and exited RVT in Q2 2026.

$227.9M in this filing30 positions

Holdings as of Jun 30, 2026. Filed Sep 10, 2026.

Share change vs Mar 31

1BRK.BBerkshire Hathaway Class B11.10%
$25.3M - 51K shares-0.3%
2GOOGAlphabet Inc Class Class C10.90%
$24.8M - 70K shares-5.0%
3GOOGLAlphabet Inc Class A8.19%
$18.7M - 52K shares-9.1%
4GLDSPDR Gold Shares7.65%
$17.4M - 47K shares-0.7%
5AAPLApple Inc5.98%
$13.6M - 47K shares-0.1%
6QVALAlpha Architect U.S. Quant5.85%
$13.3M - 240K shares-0.4%
7GDXVanEck Gold Miners Etf5.49%
$12.5M - 166K shares-27.2%
8CSCOCisco SYS Inc4.64%
$10.6M - 90K shares-

#	Stock				At Jun 30	Now
1	BRK.BBerkshire Hathaway Class B	11.10%	$25.3M	-0.3%	$500.39	-
2	GOOGAlphabet Inc Class Class C	10.90%	$24.8M	-5.0%	$353.32	$344.36 -2.5%
3	GOOGLAlphabet Inc Class A	8.19%	$18.7M	-9.1%	$357.36	$348.45 -2.5%
4	GLDSPDR Gold Shares	7.65%	$17.4M	-0.7%	$368.36	$382.71 +3.9%
5	AAPLApple Inc	5.98%	$13.6M	-0.1%	$289.34	$346.25 +19.7%
6	QVALAlpha Architect U.S. Quant	5.85%	$13.3M	-0.4%	$55.45	-
7	GDXVanEck Gold Miners Etf	5.49%	$12.5M	-27.2%	$75.45	-
8	CSCOCisco SYS Inc	4.64%	$10.6M	-	$117.45	$109.85 -6.5%

22 more on a paid plan

Unlock the full portfolio and quarterly changes.

Unlock all 22 holdings

What is missing

Top 10 concentration: 68%. This filing does not include cash, short positions, private investments, bonds, or many overseas holdings. Next filing due ~Nov 16, 2026.

Disclosed changes

Q2 2026 holdings. Exact trade dates are not disclosed.

Common questions

What stocks does Menlo Advisors own?: As of Q2 2026, Menlo Advisors reported 30 positions with a combined 13F value of $227.9M. Its largest stock positions are BRK.B ($25.3M), GOOG ($24.8M) and GOOGL ($18.7M).
How often does Menlo Advisors update its portfolio?: Menlo Advisors files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Sep 10, 2026. The next one is due by Nov 16, 2026.
What does Menlo Advisors's 13F leave out?: A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.
Where does Menlo Advisors's portfolio data come from?: From the 13F filings Menlo Advisors makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.