MENLO ADVISORS LLC Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 35
New Positions 0
Increased Positions 4
Decreased Positions 27
Positions with Activity 31
Sold Out Positions 2
Total Mkt Value (in $ millions) 140

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

Sector Weighting

Basic Materials 2.58%
Capital Goods
Conglomerates
Consumer Cyclical 0.3%
Consumer/Non-Cyclical 0.1%
Energy 2.16%
Financial 34.83%
Healthcare 10.24%
Services 24.08%
Technology 25.07%
Transportation
Utilities

35 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BERKSHIRE HATHAWAY INC DEL CL B NEW 17,743 -246 (1.37) 116,220
MICROSOFT CORP COM 8,669 -69 (0.79) 182,425
YAHOO INC COM 7,688 971 14.46 151,020
WISDOMTREE TR JAPN HEDGE EQT 7,430 2,207 42.27 135,402
MEDTRONIC INC COM 7,158 -39 (0.54) 95,915
CORNING INC COM 6,671 -276 (3.97) 300,745
BANK AMER CORP COM 6,560 -181 (2.68) 374,220
HOWARD HUGHES CORP COM 6,520 -102 (1.55) 49,391
MARKEL CORP COM 6,288 128 2.09 9,206
AMERICAN INTL GROUP INC COM NEW 6,262 -120 (1.88) 113,831
DILLARDS INC CL A 6,130 -127 (2.04) 51,500
CISCO SYS INC COM 5,591 -116 (2.03) 202,210
HARRIS CORP DEL COM 5,544 22 .40 77,550
ABBVIE INC COM 4,081 -40 (0.98) 60,090
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 3,740 -91 (2.38) 105,830
APPLE INC COM 3,621 New 32,144
LEUCADIA NATL CORP COM 3,612 -75 (2.05) 163,360
SPDR GOLD TRUST GOLD SHS 3,576 -235 (6.17) 31,053
HCP INC COM 3,179 -54 (1.66) 70,810
CHEVRON CORP NEW COM 3,030 -25 (0.8) 27,792