UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2024
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
MENLO ADVISORS LLC
Address:
659 OAK GROVE AVENUE
STE 207
MENLO PARK, CA 94025
Form 13F File Number:
028-10719

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
tracey seymour
Title:
cfo
Phone:
6506880300


Signature, Place, and Date of Signing:

tracey seymour
                         [Signature]
menlo park, CALIFORNIA
                 [City, State]
02-06-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
29
Form 13F Information table Value Total:
196028
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ABBOTT LABSCOM0028241007,83069,231SHSOLE 0 0 69,231
ABBVIE INCCOM00287y1096,91238,902SHSOLE 0 0 38,902
ALPHA ARCHTCT US QUNTV VAL ETFCOM02072l10211,220251,355SHSOLE 0 0 251,355
ALPHABET INC CLASS ACOM02079k30512,28464,893SHSOLE 0 0 64,893
ALPHABET INC CLASS CCOM02079k10715,04579,003SHSOLE 0 0 79,003
AMAZON.COM INCCOM0231351062191,000SHSOLE 0 0 1,000
APPLE INCCOM03783310013,67754,617SHSOLE 0 0 54,617
BERKSHIRE HATHAWAY CLASS BCOM08467070229,18364,384SHSOLE 0 0 64,384
CISCO SYS INCCOM17275r1025,63195,119SHSOLE 0 0 95,119
DIREXION DAILY AAPL BEAR 1X ETCOM25461a30415210,000SHSOLE 0 0 10,000
ENERGY SELECT SECTOR SPDR ETFCOM81369y5065,27461,575SHSOLE 0 0 61,575
EXPAND ENERGYCOM1651677353,69337,101SHSOLE 0 0 37,101
GLOBAL X MLP & ENERGY INFRASTRCOM37954y2934,92981,402SHSOLE 0 0 81,402
HOME DEPOT INCCOM437076102252649SHSOLE 0 0 649
HOWARD HUGHES HLDGS INCCOM44267t1021,18315,391SHSOLE 0 0 15,391
KKR & CO INCCOM48251w1048,62658,320SHSOLE 0 0 58,320
LOCKHEED MARTIN CORPCOM5398301095,73611,805SHSOLE 0 0 11,805
MATTHEWS EMG MRKTS CHINA ACT ECOM5771257923,670126,630SHSOLE 0 0 126,630
MICROSOFT CORPCOM59491810411,75427,887SHSOLE 0 0 27,887
PACER US SMALL CAP CASH COWS 1COM69374h8574,10193,191SHSOLE 0 0 93,191
ROYALTY PHARMA PLC F CLASS ACOMg7709q1043,398133,235SHSOLE 0 0 133,235
ROYCE SMALL CAP TRUST CFCOM7809101053,176201,044SHSOLE 0 0 201,044
SCHWAB FUNDAMNTL INTRNL EQT ETCOM80852475551115,403SHSOLE 0 0 15,403
SPROTT PHYSICAL GOLD ETVCOM85207h10424112,000SHSOLE 0 0 12,000
SPROTT URANIUM MINERS ETFCOM85208p3033,63090,064SHSOLE 0 0 90,064
TESLA INCCOM88160r1018,50821,069SHSOLE 0 0 21,069
WISDOMTREE US QLT DIV GRW ETFCOM97717x6692,26628,010SHSOLE 0 0 28,010
SPDR GOLD SHARES ETFUIUS78463v10714,81961,206SHSOLE 0 0 61,206
VANECK GOLD MINERS ETFUIUS92189f1068,108239,115SHSOLE 0 0 239,115