MENLO ADVISORS LLC Information

800 OAK GROVE AVE, MENLO PARK, California, 94025, (650) 688-0300

Report Date: 03/31/2014

Position Statistics

Total Positions 36
New Positions 2
Increased Positions 7
Decreased Positions 26
Positions with Activity 33
Sold Out Positions 2
Total Mkt Value (in $ millions) 135

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 3.13%
Capital Goods
Conglomerates
Consumer Cyclical 0.31%
Consumer/Non-Cyclical 0.12%
Energy 2.67%
Financial 34.03%
Healthcare 9.15%
Services 24.84%
Technology 25.32%
Transportation
Utilities

36 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BERKSHIRE HATHAWAY INC DEL CL B NEW 15,097 215 1.44 117,371
MICROSOFT CORP COM 7,710 -129 (1.64) 183,180
HOWARD HUGHES CORP COM 7,663 51 .67 49,964
CORNING INC COM 6,878 -26 (0.38) 317,085
YAHOO INC COM 6,586 -26 (0.39) 185,880
AMERICAN INTL GROUP INC COM NEW 6,301 83 1.33 115,576
DILLARDS INC CL A 6,140 -23 (0.38) 52,370
MEDTRONIC INC COM 6,130 -128 (2.05) 96,090
MARKEL CORP COM 5,852 -22 (0.38) 8,983
HARRIS CORP DEL COM 5,620 -2,618 (31.78) 76,945
BANK OF AMERICA CORPORATION COM 5,336 75 1.42 346,976
CISCO SYS INC COM 5,250 -17 (0.33) 205,712
WISDOMTREE TR JAPN HEDGE EQT 4,643 4,643 New 94,822
SPDR GOLD TRUST GOLD SHS 4,260 -83 (1.9) 33,080
LEUCADIA NATL CORP COM 4,232 -16 (0.38) 166,140
CHEVRON CORP NEW COM 3,599 -77 (2.1) 28,017
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 3,515 -58 (1.62) 108,020
MARKET VECTORS ETF TR GOLD MINER ETF 3,357 3,357 New 122,865
ABBVIE INC COM 3,312 -62 (1.85) 60,270
APPLE INC COM 3,061 -73 (2.34) 32,144