MENLO ADVISORS LLC historic quarter change: USA ETF, Reduced
In exchange-traded fund shares (known by the fund name on the filing) (listed in the US), over 19 quarters from 2013-06-30 to 2025-06-30, MENLO ADVISORS LLC opened 26 positions, added to 30, reduced 35 and sold out of 17.
- Q2 2025: Stock PUT SPDR S&P 500 $530 EXP 01/1; Country of operation —; Class PUT; Shares before 50,000.
- Q2 2025: Stock URNM; Country of operation —; Class COM; Shares before 89,120.
- Q2 2025: Stock QVAL; Country of operation —; Class COM; Shares before 251,355.
- Q2 2025: Stock MLPX; Country of operation —; Class COM; Shares before 102,392.
Each consecutive pair of Form 13F-HR filings compared (SEC CIK 1279708), 19 quarters: Q2 2025 (2025-03-31 to 2025-06-30, filed 2025-08-06); Q1 2025 (2024-12-31 to 2025-03-31, filed 2025-04-14); Q4 2024 (2024-09-30 to 2024-12-31, filed 2025-02-06); Q3 2024 (2024-06-30 to 2024-09-30, filed 2024-11-18); Q2 2024 (2024-03-31 to 2024-06-30, filed 2024-08-09); Q1 2024 (2023-12-31 to 2024-03-31, filed 2024-04-19); Q3 2016 (2016-06-30 to 2016-09-30, filed 2016-10-20); Q2 2016 (2016-03-31 to 2016-06-30, filed 2016-07-12); Q1 2016 (2015-12-31 to 2016-03-31, filed 2016-04-13); Q4 2015 (2015-09-30 to 2015-12-31, filed 2016-01-21); Q3 2015 (2015-06-30 to 2015-09-30, filed 2015-10-15); Q2 2015 (2015-03-31 to 2015-06-30, filed 2015-07-15); Q1 2015 (2014-12-31 to 2015-03-31, filed 2015-04-17); Q4 2014 (2014-09-30 to 2014-12-31, filed 2015-01-16); Q3 2014 (2014-06-30 to 2014-09-30, filed 2014-10-30); Q2 2014 (2014-03-31 to 2014-06-30, filed 2014-07-16); Q1 2014 (2013-12-31 to 2014-03-31, filed 2014-04-22); Q4 2013 (2013-09-30 to 2013-12-31, filed 2014-01-10); Q3 2013 (2013-06-30 to 2013-09-30, filed 2013-10-17). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move. Only the filings held here are compared; the firm's 13F-HR filings go back to the quarter ended 2003-12-31. Not compared, as a quarter between them is not held here yet: 2016-09-30 to 2023-12-31 (missing 2016-12-31, 2017-03-31, 2017-06-30, 2017-09-30, 2017-12-31, 2018-03-31, 2018-06-30, 2018-09-30, 2018-12-31, 2019-03-31, 2019-06-30, 2019-09-30, 2019-12-31, 2020-03-31, 2020-06-30, 2020-09-30, 2020-12-31, 2021-03-31, 2021-06-30, 2021-09-30, 2021-12-31, 2022-03-31, 2022-06-30, 2022-09-30, 2022-12-31, 2023-03-31, 2023-06-30, 2023-09-30).
| Quarter | Stock | Country of operation | Class | Shares before | Shares after | Share change | Value before | Value after | Value change | Filed |
|---|
| Q2 2025 | PUT SPDR S&P 500 $530 EXP 01/1
CUSIP 78462F953 | | PUT | 50,000 | 1,000 | -49,000 | $27,970 | $841 | -$27,129 | 2025-08-06 |
|---|
| Q2 2025 | URNM
SPROTT URANIUM MINERS ETF | | COM | 89,120 | 86,804 | -2,316 | $2,891 | $4,160 | +$1,269 | 2025-08-06 |
|---|
| Q2 2025 | QVAL
ALPHA ARCHTCT US QUNTV VAL ETF | | COM | 251,355 | 248,740 | -2,615 | $10,720 | $10,947 | +$227 | 2025-08-06 |
|---|
| Q2 2025 | MLPX
GLOBAL X MLP & ENERGY INFRASTR | | COM | 102,392 | 100,697 | -1,695 | $6,533 | $6,309 | -$224 | 2025-08-06 |
|---|
| Q2 2025 | DGRW
WISDOMTREE US QLT DIV GRW ETF | | COM | 28,010 | 27,935 | -75 | $2,236 | $2,339 | +$103 | 2025-08-06 |
|---|
| Q2 2025 | RVT
ROYCE SMALL CAP TRUST CF | | COM | 201,044 | 195,242 | -5,802 | $2,862 | $2,938 | +$76 | 2025-08-06 |
|---|
| Q1 2025 | URNM
SPROTT URANIUM MINERS ETF | | COM | 90,064 | 89,120 | -944 | $3,630 | $2,891 | -$739 | 2025-04-14 |
|---|
| Q1 2025 | XLE
ENERGY SELECT SECTOR SPDR ETF | | COM | 61,575 | 60,775 | -800 | $5,274 | $5,679 | +$405 | 2025-04-14 |
|---|
| Q4 2024 | GDX
VANECK GOLD MINERS ETF | | UIUS | 239,215 | 239,115 | -100 | $9,525 | $8,108 | -$1,417 | 2025-02-06 |
|---|
| Q4 2024 | XLE
ENERGY SELECT SECTOR SPDR ETF | | COM | 67,395 | 61,575 | -5,820 | $5,917 | $5,274 | -$643 | 2025-02-06 |
|---|
| Q4 2024 | DGRW
WISDOMTREE US QLT DIV GRW ETF | | COM | 28,060 | 28,010 | -50 | $2,334 | $2,266 | -$68 | 2025-02-06 |
|---|
| Q4 2024 | AAPD
DIREXION DAILY AAPL BEAR 1X ET | | COM | 12,500 | 10,000 | -2,500 | $205 | $152 | -$53 | 2025-02-06 |
|---|
| Q3 2024 | QVAL
ALPHA ARCHTCT US QUNTV VAL ETF | | COM | 248,610 | 248,530 | -80 | $10,657 | $11,466 | +$809 | 2024-11-18 |
|---|
| Q3 2024 | AAPD
DIREXION DAILY AAPL BEAR 1X ET | | COM | 18,500 | 12,500 | -6,000 | $337 | $205 | -$132 | 2024-11-18 |
|---|
| Q2 2024 | RVT
ROYCE SMALL CAP TRUST CF | | COM | 201,114 | 201,044 | -70 | $3,050 | $2,909 | -$141 | 2024-08-09 |
|---|
| Q2 2024 | DGRW
WISDOMTREE US QLT DIV GRW ETF | | COM | 28,160 | 28,060 | -100 | $2,145 | $2,190 | +$45 | 2024-08-09 |
|---|
| Q1 2024 | DGRW
WISDOMTREE US QLT DIV GRW ETF | | COM | 28,260 | 28,160 | -100 | $1,986 | $2,145 | +$159 | 2024-04-19 |
|---|
| Q1 2024 | GDX
VANECK GOLD MINERS ETF | | UIUS | 236,415 | 235,615 | -800 | $7,331 | $7,450 | +$119 | 2024-04-19 |
|---|
| Q1 2024 | RVT
ROYCE VALUE CF | | COM | 201,516 | 201,114 | -402 | $2,934 | $3,050 | +$116 | 2024-04-19 |
|---|
| Q2 2016 | SPDR NUVEEN BARCLAYS XXX REVER
CUSIP 78464A425 | | UHUS | 40,561 | 40,261 | -300 | $1,980,000 | $1,976,000 | -$4,000 | 2016-07-12 |
|---|
| Q1 2016 | GVAL
CAMBRIA GLOBAL VALUE ETF IV | | UIUS | 166,416 | 161,886 | -4,530 | $2,948,000 | $3,004,000 | +$56,000 | 2016-04-13 |
|---|
| Q1 2016 | IGIB
ISHARES INTERM CREDIT BOND ETF | | UHUS | 5,700 | 5,660 | -40 | $611,000 | $620,000 | +$9,000 | 2016-04-13 |
|---|
| Q1 2016 | SPDR NUVEEN BARCLAYS XXX REVER
CUSIP 78464A425 | | UHUS | 81,125 | 40,561 | -40,564 | $1,976,000 | $1,980,000 | +$4,000 | 2016-04-13 |
|---|
| Q4 2015 | PROSHARES SHORT S&P 500 ETF
CUSIP 74347R503 | | COM | 446,560 | 203,910 | -242,650 | $10,052,000 | $4,255,000 | -$5,797,000 | 2016-01-21 |
|---|
| Q4 2015 | GVAL
CAMBRIA GLOBAL VALUE ETF | | UIUS | 182,306 | 166,416 | -15,890 | $3,336,000 | $2,948,000 | -$388,000 | 2016-01-21 |
|---|
| Q4 2015 | SPDR NUVEEN BARCLAYS SHORT TER
CUSIP 78464A425 | | UHUS | 87,050 | 81,125 | -5,925 | $2,120,000 | $1,976,000 | -$144,000 | 2016-01-21 |
|---|
| Q3 2015 | GVAL
CAMBRIA GLOBAL VALUE ETF | | UIUS | 184,596 | 182,306 | -2,290 | $3,697,000 | $3,336,000 | -$361,000 | 2015-10-15 |
|---|
| Q3 2015 | IGIB
ISHARES INTERM CREDIT BOND ETF | | UHUS | 5,385 | 5,370 | -15 | $586,000 | $583,000 | -$3,000 | 2015-10-15 |
|---|
| Q2 2015 | GLOBAL X SUPERDIVIDEND ETF
CUSIP 37950E549 | | UIUS | 27,470 | 26,440 | -1,030 | $635,000 | $585,000 | -$50,000 | 2015-07-15 |
|---|
| Q1 2015 | DXJ
WISDOMTREE JPN HDGD EQTY JAPAN | | UIUS | 136,390 | 135,983 | -407 | $6,714,000 | $7,495,000 | +$781,000 | 2015-04-17 |
|---|
| Q1 2015 | GLOBAL X ETF SUPERDIVIDEND ETF
CUSIP 37950E549 | | UIUS | 27,825 | 27,470 | -355 | $641,000 | $635,000 | -$6,000 | 2015-04-17 |
|---|
| Q4 2014 | GLOBAL X ETF SUPERDIVIDEND ETF
CUSIP 37950E549 | | UIUS | 27,860 | 27,825 | -35 | $667,000 | $641,000 | -$26,000 | 2015-01-16 |
|---|
| Q3 2014 | GLOBAL X ETF SUPERDIVIDEND ETF
CUSIP 37950E549 | | UIUS | 29,390 | 27,860 | -1,530 | $765,000 | $667,000 | -$98,000 | 2014-10-30 |
|---|
| Q1 2014 | GLOBAL X ETF SUPERDIVIDEND ETF
CUSIP 37950E549 | | UIUS | 32,275 | 28,510 | -3,765 | $757,000 | $699,000 | -$58,000 | 2014-04-22 |
|---|
| Q4 2013 | GLOBAL X ETF SUPERDIVIDEND ETF
CUSIP 37950E549 | | UIUS | 32,925 | 32,275 | -650 | $753,000 | $757,000 | +$4,000 | 2014-01-10 |
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