Menlo Advisors Llc Buys ProShares Short S&P500, Walt Disney Co, WisdomTree Japan Hedged Equity Fund, Sells American International Group Inc, iShares 1-3 Year Credit Bond ETF, Markel Corp

• New Purchases: SH, DIS,
• Added Positions: DXJ, NRZ, IVAL, RNP,
• Reduced Positions: MKL, BRK.B, ABT, DISCK, BACPL.PFD, TSLA,
• Sold Out: AIG, CSJ, SCHO,

For the details of MENLO ADVISORS LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=MENLO+ADVISORS+LLC

1. Berkshire Hathaway Inc (BRK.B) - 101,840 shares, 14.64% of the total portfolio. Shares reduced by 1.55%
2. Microsoft Corp (MSFT) - 73,021 shares, 5.54% of the total portfolio.
3. The Howard Hughes Corp (HHC) - 46,263 shares, 4.72% of the total portfolio.
4. Cisco Systems Inc (CSCO) - 141,445 shares, 4.69% of the total portfolio.
5. Alpha Architect U.S. Quantitative Value (QVAL) - 188,135 shares, 4.5% of the total portfolio. Shares added by 0.66%

Menlo Advisors Llc initiated holding in ProShares Short S&P500. The purchase prices were between $28.68 and $30.99, with an estimated average price of $29.56. The stock is now traded at around $28.73. The impact to a portfolio due to this purchase was 3.59%. The holding were 158,954 shares as of 2018-06-30.

Menlo Advisors Llc initiated holding in Walt Disney Co. The purchase prices were between $98.66 and $108.85, with an estimated average price of $102.31. The stock is now traded at around $108.04. The impact to a portfolio due to this purchase was 2.71%. The holding were 33,550 shares as of 2018-06-30.

Menlo Advisors Llc added to a holding in WisdomTree Japan Hedged Equity Fund by 60.62%. The purchase prices were between $53.59 and $58.55, with an estimated average price of $56.58. The stock is now traded at around $53.73. The impact to a portfolio due to this purchase was 1.57%. The holding were 100,300 shares as of 2018-06-30.

Menlo Advisors Llc sold out a holding in American International Group Inc. The sale prices were between $51.94 and $56.31, with an estimated average price of $54.14.

Menlo Advisors Llc sold out a holding in iShares 1-3 Year Credit Bond ETF. The sale prices were between $103.5 and $104.11, with an estimated average price of $103.67.

Menlo Advisors Llc sold out a holding in Schwab Short-Term U.S. Treasury. The sale prices were between $49.57 and $49.85, with an estimated average price of $49.68.

Menlo Advisors Llc reduced to a holding in Markel Corp by 20.35%. The sale prices were between $1084.35 and $1165.11, with an estimated average price of $1129.89. The stock is now traded at around $1126.42. The impact to a portfolio due to this sale was -1.15%. Menlo Advisors Llc still held 4,905 shares as of 2018-06-30.