Menlo Advisors LLC: A Closer Look at Q4 2022 vs. Q1 2023 13F Holdings Comparison

Menlo Advisors LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

Menlo Advisors LLC, a private investment management firm based in San Francisco, has just released its 13F filings for the fourth quarter of 2022 and the first quarter of 2023. These filings disclose the company's portfolio holdings, which are required by the Securities and Exchange Commission (SEC) for investment firms managing over $100 million in assets. In this blog post, we will take a closer look at the changes in holdings of Menlo Advisors LLC during this period.

The holdings comparison table reveals that Menlo Advisors LLC made significant changes in its holdings during this period. Let's examine some of the key changes.

Apple Inc:

Menlo Advisors LLC's holding of Apple Inc remained constant throughout the period, with 59,196 shares in both quarters. However, the value of its Apple Inc shares increased from $7,691,000 in Q4 2022 to $9,761,000 in Q1 2023, a remarkable 26.9% increase. Apple Inc, the multinational technology company, has been a darling of investors for over a decade, with consistent stock price appreciation, steady revenue growth, and a loyal customer base. Menlo Advisors LLC's bullish stance on Apple Inc suggests that it believes in the company's long-term prospects and growth potential.

Berkshire Hathaway Class B:

Berkshire Hathaway Class B, the diversified holding company run by legendary investor Warren Buffet, was the most significant decrease in Menlo Advisors LLC's holdings, with a reduction of 3,719 shares, or 4.6%, from 81,977 shares in Q4 2022 to 78,258 shares in Q1 2023. The value of its holdings also decreased from $25,322,000 to $24,163,000, a drop of 4.6%. Berkshire Hathaway is known for its stable of iconic brands, including GEICO, Dairy Queen, Coca-Cola, and Duracell, among others. Despite this decrease in holdings, the company's performance remains strong, with revenue growth, dividend payouts, and a global reach.

Microsoft Corp:

Menlo Advisors LLC's holdings of Microsoft Corp remained constant at 29,615 shares in both quarters. The value of its holdings increased from $7,102,000 in Q4 2022 to $8,538,000 in Q1 2023, an increase of 20.2%. Microsoft Corp is the world's largest software maker, with products ranging from Windows operating systems to Xbox gaming consoles. The company is known for its steady growth in revenue, strong market position, and strategic acquisitions. Menlo Advisors LLC's bullish stance on Microsoft Corp suggests that it believes the company is well-positioned to continue its growth trajectory.

Energy Select Sector SPDR ETF:

Menlo Advisors LLC showed a new holding of Energy Select Sector SPDR ETF for Q1 2023, with 37,824 shares valued at $3,132,000. The Energy Select Sector SPDR ETF is an exchange-traded fund that tracks the performance of companies in the energy sector. The fund includes companies engaged in energy-related activities, including exploration, production, and distribution of energy products. Menlo Advisors LLC's new holding of Energy Select Sector SPDR ETF indicates that they may see potential for growth in the energy sector or believe that the sector is undervalued.

Home Depot Inc:

Menlo Advisors LLC's holding of Home Depot Inc decreased from 636 shares in Q4 2022 to zero shares in Q1 2023. This represents a decrease in value from $200,000 to zero, a 100% drop. Home Depot Inc, the largest home improvement retailer in the United States, has seen tremendous growth in revenue and profit in recent years due to increased demand for home renovation and repair projects. Menlo Advisors LLC's decision to completely sell off its holdings in Home Depot Inc may suggest a lack of confidence in the company's long-term prospects or a shift in investment strategy.

In conclusion, Menlo Advisors LLC made significant changes in its portfolio holdings during Q4 2022 and Q1 2023. While the reasons behind these changes are not fully known, they offer insight into the firm's investment strategy and philosophy. The strong performance of holdings like Apple and Microsoft suggests that Menlo Advisors LLC has a bullish outlook on the technology sector, while the shift away from Berkshire Hathaway Class B and Home Depot Inc may indicate a reassessment of the potential risks and rewards of investing in these companies. The addition of new holdings like Energy Select Sector SPDR ETF indicates that the firm is on the lookout for new investment opportunities and actively managing its portfolio. Ultimately, Menlo Advisors LLC's portfolio holdings serve as a guide for other investors looking to make informed investment decisions.