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Menlo Advisors Portfolio holdings
AUM
$186M
1-Year Est. Return
24.98%
This Fund
S&P 500
This Quarter
Est. Return
+7.78%
1 Year Est. Return
+24.98%
3 Year Est. Return
+81.88%
5 Year Est. Return
+150.8%
10 Year Est. Return
+310.95%
AUM
$186M
AUM Growth
-$24.7M
(-12%)
Cap. Flow
-$36.7M
Cap. Flow
% of AUM
-19.76%
Top 10 Holdings %
Top 10 Hldgs %
69.69%
Holding
30
New
3
Increased
–
Reduced
21
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sprott Physical Silver Trust
PSLV
|
+$2.87M |
| 2 |
CrowdStrike
CRWD
|
+$243K |
| 3 |
Amazon
AMZN
|
+$198K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$5.68M |
| 2 |
SPDR Gold Trust
GLD
|
+$3.81M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$411K |
| 4 |
Microsoft
MSFT
|
+$267K |
| 5 |
Apple
AAPL
|
+$202K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.68% |
| 2 | Technology | 16.81% |
| 3 | Communication Services | 13.43% |
| 4 | Healthcare | 11.33% |
| 5 | Consumer Discretionary | 3.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class B
BRK.B
$1.1T
| $25.6M | 13.8% |
52,702
-810
| -2% | -$411K |
|
|
2
SPDR Gold Trust
GLD
$131B
| $14.8M | 7.97% |
48,503
-12,578
| -21% | -$3.81M |
|
3
Alphabet (Google) Class C
GOOG
$4.36T
| $13.7M | 7.4% |
77,393
-800
| -1% | -$132K |
|
|
4
Microsoft
MSFT
$3.45T
| $13.5M | 7.28% |
27,172
-615
| -2% | -$267K |
|
5
VanEck Gold Miners ETF
GDX
$22.7B
| $12.3M | 6.63% |
236,215
-2,900
| -1% | -$144K |
|
|
6
Alphabet (Google) Class A
GOOGL
$4.36T
| $11.2M | 6.03% |
63,473
-800
| -1% | -$131K |
|
7
Alpha Architect US Quantitative Value ETF
QVAL
$584M
| $10.9M | 5.9% |
248,740
-2,615
| -1% | -$111K |
|
|
8
Apple
AAPL
$4.54T
| $10.9M | 5.86% |
53,001
-1,000
| -2% | -$202K |
|
9
Abbott
ABT
$183B
| $9.19M | 4.95% |
67,536
-1,450
| -2% | -$191K |
|
10
KKR & Co
KKR
$91.1B
| $7.21M | 3.88% |
54,175
-1,600
| -3% | -$187K |
|
11
AbbVie
ABBV
$443B
| $7.1M | 3.83% |
38,252
-500
| -1% | -$92.9K |
|
12
Cisco
CSCO
$457B
| $6.52M | 3.51% |
93,944
-1,175
| -1% | -$72.2K |
|
13
Global X MLP & Energy Infrastructure ETF
MLPX
$3.61B
| $6.31M | 3.4% |
100,697
-1,695
| -2% | -$103K |
|
14
Tesla
TSLA
$1.23T
| $6.08M | 3.28% |
19,140
| – | – |
|
15
Lockheed Martin
LMT
$134B
| $5.25M | 2.83% |
11,345
-200
| -2% | -$93.6K |
|
16
Royalty Pharma
RPRX
$25.9B
| $4.73M | 2.55% |
131,325
-1,910
| -1% | -$63.3K |
|
17
Sprott Uranium Miners ETF
URNM
$1.76B
| $4.16M | 2.24% |
86,804
-2,316
| -3% | -$87.9K |
|
18
Matthews Emerging Markets ex China Active ETF
MEMX
$49.5M
| $4.04M | 2.18% |
123,590
-2,405
| -2% | -$71.5K |
|
|
19
Sprott Physical Silver Trust
PSLV
$12B
| $3.1M | 1.67% |
+253,380
| New | +$2.87M |
|
20
Royce Value Trust
RVT
$2.21B
| $2.94M | 1.58% |
195,242
-5,802
| -3% | -$83.2K |
|
21
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.7B
| $2.34M | 1.26% |
27,935
-75
| -0.3% | -$5.95K |
|
22
Howard Hughes
HHH
$3.81B
| $1M | 0.54% |
14,827
-465
| -3% | -$31.8K |
|
23
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $841K | 0.45% |
1,000
-49,000
| -98% | -$28M |
|
24
Schwab Fundamental International Large Company Index ETF
FNDF
$24.9B
| $616K | 0.33% |
15,403
| – | – |
|
25
Sprott Physical Gold
PHYS
$14.6B
| $304K | 0.16% |
12,000
| – | – |
|
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Menlo Advisors's Q2 2025 Portfolio in Review
As of Q2 2025, Menlo Advisors held 30 positions worth $186M, down 12% from $210M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Menlo Advisors withdrew a net $36.7M in Q2 2025, closing 1 position and reducing 21 holdings. Its most notable exit was State Street Energy Select Sector SPDR ETF, an estimated $5.68M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Menlo Advisors opened a new position in Sprott Physical Silver Trust worth $3.1M.
- Menlo Advisors's largest Q2 2025 buy was Sprott Physical Silver Trust: 253,380 shares worth $3.1M.
- Menlo Advisors's biggest Q2 2025 reduction was SPDR Gold Trust, cutting an estimated $3.81M.
- Menlo Advisors fully exited State Street Energy Select Sector SPDR ETF in Q2 2025, selling an estimated $5.68M.
- Menlo Advisors's ten largest holdings make up 70% of its $186M portfolio in Q2 2025.
- Menlo Advisors opened 3 new positions and closed 1 in Q2 2025.
- Menlo Advisors's portfolio value fell 12% quarter-over-quarter to $186M.
Based on Menlo Advisors's 13F filing for Q2 2025, filed 6 Aug 2025.