Kerrisdale Advisers, LLC

CIK 1569688 · View on SEC EDGAR ↗

Portfolio value
$399.2M
#4,369 of 9,443 by 13F value · top 46.3%
Positions
114
As of
June 30, 2026

Portfolio value QoQ: +52.0% 13F does not disclose cash

Top 10 holdings weight
54.16%
Top 25 holdings weight
73.05%
Positions above 1%
19
Effective number of positions
11.3

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 34.63% Est. buys $183,127,420 · sells $114,612,111

Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 61.0% still held

New positions
23
Increased
16
Decreased
34
Closed
21
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+107.2%
S&P 500 total return (same window)
+28.1%
Excess return
+79.1%

Annualized: +62.8% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 96.8% · Options excluded: 0.0%

Sector breakdown

Industrials
43.7%
Technology
12.8%
Retail
9.9%
Healthcare
8.0%
Financial Services
5.4%
Communication Services
3.9%
Consumer Discretionary
2.7%
Energy
2.7%
Telecommunication
1.9%
Consumer products
1.2%
Financials
1.2%
Consumer Staples
1.0%
Communications
0.9%
Materials
0.9%
Diversified Consumer Services
0.6%
Real Estate
0.3%
Packaging
0.1%
Other/Unmapped
2.8%

Full portfolio 114 positions

Type Streak 8Q trend
RRX Regal Rexnord Corporation Common Stock $110,352,236 27.64% 463,295 $108,062,046 Up ×1
V Visa Inc. $17,165,136 4.30% 50,031 $2,043,767
BDC Belden Inc Common Stock $17,147,130 4.30% 143,000 $16,081,508 Up ×1
MELI MercadoLibre, Inc. - Common Stock $14,808,030 3.71% 8,724 $-275,940
AMZN Amazon.com, Inc. - Common Stock $13,321,061 3.34% 55,891 $1,086,032 Down ×1
SHC Sotera Health Company - Common Stock $10,636,670 2.66% 599,249 $1,922,410 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $9,081,486 2.27% 25,412 $630,960 Down ×1
SWKS Skyworks Solutions, Inc. - Common Stock $8,362,452 2.09% 123,340 $1,562,673 Down ×1
ACMR ACM Research, Inc. - Class A Common Stock $7,939,507 1.99% 62,570 $-865,252 Down ×2
AZTA Azenta, Inc. - Common Stock $7,418,205 1.86% 290,682 $7,013,988 Up ×1
UHALB $7,341,286 1.84% 127,232 $1,657,833
POOL Pool Corporation - Common Stock $7,262,546 1.82% 33,795 $2,371,218 Up ×1
SYY Sysco Corporation Common Stock $6,976,924 1.75% 83,476 $1,022,581
FPS Forgent Power Solutions, Inc. Class A Common Stock $6,511,712 1.63% 116,572 Up ×1
AKAM Akamai Technologies, Inc. - Common Stock $6,145,147 1.54% 51,985 Up ×1
TDS Telephone and Data Systems, Inc. Common Shares $6,060,684 1.52% 163,758 $-6,483,685 Down ×2
UNP Union Pacific Corporation Common Stock $5,154,944 1.29% 18,952 $285,075 Down ×1
IPGP IPG Photonics Corporation - Common Stock $4,862,914 1.22% 41,450 $2,176,924 Up ×1
DV DoubleVerify Holdings, Inc. Common Stock $4,319,079 1.08% 398,439 $533,908
ILMN Illumina, Inc. - Common Stock $3,883,206 0.97% 22,085 Up ×1
CVE Cenovus Energy Inc Common Stock $3,503,879 0.88% 141,350 $560,202 Up ×1
AMRZ Amrize Ltd Ordinary Shares $3,449,576 0.86% 64,720 $-7,978 Up ×2
ETN Eaton Corporation, PLC Ordinary Shares $3,330,980 0.83% 7,817 $799,749 Up ×2
SNPS Synopsys, Inc. - Common Stock $3,330,359 0.83% 7,466 $-726,028 Down ×1
KVUE Kenvue Inc. Common Stock $3,264,122 0.82% 170,807 $319,409
CART Maplebear Inc. - Common Stock $3,082,769 0.77% 65,106 $-439,070 Down ×1
ZTS Zoetis Inc. Class A Common Stock $3,018,120 0.76% 42,000 Up ×1
MSFT Microsoft Corporation - Common Stock $3,007,287 0.75% 8,062 $-1,568,755 Down ×1
DEO Diageo plc Common Stock $2,751,649 0.69% 34,233 $203,002
ZM Zoom Communications, Inc. - Class A Common Stock $2,750,613 0.69% 31,869 $-999,500 Down ×1
CIB Grupo Cibest S.A. American Depositary Shares each representing four Preferred Shares $2,687,911 0.67% 33,840 $-202,646 Down ×4
ADEA Adeia Inc. - Common Stock $2,537,421 0.64% 77,055 $835,376 Up ×1
NOK Nokia Corporation Sponsored American Depositary Shares $2,536,015 0.64% 190,965 $253,901 Down ×1
SOLS Solstice Advanced Materials Inc. - Common Stock $2,521,999 0.63% 28,465 $2,128,252 Up ×1
LRN Stride, Inc. Common Stock $2,505,186 0.63% 29,049 $-2,534,170 Down ×2
APPF AppFolio, Inc. - Class A Common Stock $2,229,506 0.56% 13,904 $-1,296,824 Down ×1
GLD $2,191,861 0.55% 5,950 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $2,132,598 0.53% 5,131 $-261,853 Down ×1
LULU lululemon athletica inc. - Common Stock $1,930,213 0.48% 16,905 Up ×1
DT Dynatrace, Inc. Common Stock $1,853,222 0.46% 42,205 $968,106 Up ×1
PBR Petroleo Brasileiro S.A. Petrobras ADS $1,795,796 0.45% 111,126 $-510,069
FISV Fiserv, Inc. - Common Stock $1,756,726 0.44% 35,815 $1,330,972 Up ×1
ESTA Establishment Labs Holdings Inc. - Common Shares $1,749,666 0.44% 20,390 Up ×1
WHD Cactus, Inc. Class A Common Stock $1,730,037 0.43% 33,770 $414,098 Up ×1
HDSN Hudson Technologies, Inc. - Common Stock $1,721,862 0.43% 299,976 $1,383,045 Up ×1
WAB Westinghouse Air Brake Technologies Corporation Common Stock $1,714,656 0.43% 6,360 $-15,971 Down ×1
MRVL Marvell Technology, Inc. - Common Stock $1,678,908 0.42% 5,636 $-9,598,034 Down ×1
LMT Lockheed Martin Corporation Common Stock $1,620,083 0.41% 3,180 Up ×1
DAVA Endava plc American Depositary Shares (each representing one Class A Ordinary Share) $1,605,787 0.40% 567,416 $-902,192
LMB Limbach Holdings, Inc. - Common Stock $1,579,270 0.40% 20,510 Up ×1
BAC Bank of America Corporation Common Stock $1,523,075 0.38% 26,730 $219,987
ATKR Atkore Inc. Common Stock $1,508,938 0.38% 19,844 $-144,901 Down ×1
RBA RB Global, Inc. Common Stock $1,501,856 0.38% 12,897 $265,679
PYPL PayPal Holdings, Inc. - Common Stock $1,464,709 0.37% 33,921 $-202,740 Down ×1
APG APi Group Corporation Common Stock $1,387,810 0.35% 32,770 Up ×1
KMB Kimberly-Clark Corporation - Common Stock $1,384,749 0.35% 12,615 $167,780
ON ON Semiconductor Corporation - Common Stock $1,379,811 0.35% 14,595 $-924,232 Down ×1
KVYO Klaviyo, Inc. Series A Common Stock $1,375,912 0.34% 91,120 Up ×1
UBER Uber Technologies, Inc. Common Stock $1,368,154 0.34% 18,960 $4,361
NDSN Nordson Corporation - Common Stock $1,366,656 0.34% 4,530 $161,404
ST Sensata Technologies Holding plc Ordinary Shares $1,351,997 0.34% 28,320 Up ×1
HSIC Henry Schein, Inc. - Common Stock $1,338,492 0.34% 16,026 $157,376
JOE St. Joe Company (The) Common Stock $1,290,804 0.32% 20,610 $-215,768 Down ×1
PMTS CPI Card Group Inc. - Common Stock $1,263,341 0.32% 60,796 $381,191
AMTM Amentum Holdings, Inc. Common Stock $1,236,996 0.31% 59,845 $475,721 Up ×1
SHMD SCHMID Group N.V. - Class A Ordinary Shares $1,211,341 0.30% 193,505 Up ×1
GTLB GitLab Inc. - Class A Common Stock $1,203,340 0.30% 39,415 $-289,387 Down ×1
Unknown issuer (CUSIP: G9723Y105) $1,198,596 0.30% 99,950 Up ×1
KSPI Joint Stock Company Kaspi.kz - American Depository Shares $1,183,936 0.30% 13,665 $171,769
HUBS HubSpot, Inc. Common Stock $1,110,573 0.28% 6,085 Up ×1
CNQ Canadian Natural Resources Limited Common Stock $1,087,137 0.27% 27,500 $-2,480,079 Down ×1
SNAP Snap Inc. Class A Common Stock $1,042,663 0.26% 234,834 $-258,925 Down ×1
LGN Legence Corp. - Class A Common stock $999,066 0.25% 11,722 $-4,981,177 Down ×1
GFF Griffon Corporation Common Stock $996,757 0.25% 10,220 $-214,092 Down ×1
ADTN ADTRAN Holdings, Inc. - Common Stock $980,214 0.25% 70,519 $-5,964,072 Down ×1
PSIX Power Solutions International, Inc. - Common Stock $979,056 0.25% 25,175 $268,891 Up ×1
EC Ecopetrol S.A. American Depositary Shares $961,983 0.24% 67,555 $-50,666
NTAP NetApp, Inc. - Common Stock $882,287 0.22% 5,701 $-80,281 Down ×1
FOXF Fox Factory Holding Corp. - Common Stock $867,008 0.22% 51,166 $24,816
MOS Mosaic Company (The) Common Stock $846,329 0.21% 39,940 $-172,141
UHAL U-Haul Holding Company Common Stock $832,004 0.21% 12,714 $224,529
FIG Figma, Inc. Class A Common Stock $823,547 0.21% 45,525 Up ×1
TMUS T-Mobile US, Inc. - Common Stock $810,975 0.20% 4,835 Up ×1
LNSR LENSAR, Inc. - Common Stock $795,917 0.20% 139,390 $-34,847
CCJ Cameco Corporation Common Stock $767,515 0.19% 7,535 $-50,861
CPNG Coupang, Inc. Class A Common Stock $758,947 0.19% 43,693 $-2,078,528 Down ×1
BAH Booz Allen Hamilton Holding Corporation Common Stock $753,643 0.19% 12,422 $-215,646
RICK RCI Hospitality Holdings, Inc. - Common Stock $744,552 0.19% 27,253 $122,911
SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share $707,225 0.18% 7,380 $96,087
LBTYA Liberty Global Ltd. - Class A Common Shares $689,477 0.17% 60,640 $-43,661
KHC The Kraft Heinz Company - Common Stock $678,957 0.17% 28,745 $32,482
ACVA ACV Auctions Inc. Class A Common Stock $654,829 0.16% 91,075 $268,671
CORZ Core Scientific, Inc. - Common Stock $645,380 0.16% 25,220 Up ×1
FRSH Freshworks Inc. - Class A Common Stock $629,717 0.16% 62,225 $130,050
MSGE Madison Square Garden Entertainment Corp. Class A Common Stock $490,517 0.12% 6,064 $-1,339,758 Down ×3
CRON Cronos Group Inc. - Common Share $477,843 0.12% 171,886 $46,409
FLO Flowers Foods, Inc. Common Stock $442,914 0.11% 56,065 $-14,016
VRRM Verra Mobility Corporation - Class A Common Stock $427,852 0.11% 100,671 Up ×1
OI O-I Glass, Inc. Common Stock $383,804 0.10% 39,855 $-35,072
AVAL Grupo Aval Acciones y Valores S.A. ADR (Each representing 20 preferred shares) $377,250 0.09% 75,000 $47,250

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
FPS $6,511,712 116,572 1.63%
AKAM $6,145,147 51,985 1.54%
ILMN $3,883,206 22,085 0.97%
ZTS $3,018,120 42,000 0.76%
GLD $2,191,861 5,950 0.55%
LULU $1,930,213 16,905 0.48%
ESTA $1,749,666 20,390 0.44%
LMT $1,620,083 3,180 0.41%
LMB $1,579,270 20,510 0.40%
APG $1,387,810 32,770 0.35%
KVYO $1,375,912 91,120 0.34%
ST $1,351,997 28,320 0.34%
SHMD $1,211,341 193,505 0.30%
Unknown issuer (CUSIP: G9723Y105) $1,198,596 99,950 0.30%
HUBS $1,110,573 6,085 0.28%

Top movers (QoQ)

Security Action Shares Δ Value Δ
TDS Trimmed -134K -$6.5M
LRN Trimmed -28K -$2.5M
CNQ Trimmed -46K -$2.5M
POOL Bought more +10K +$2.4M
IPGP Bought more +18K +$2.2M
CPNG Trimmed -107K -$2.1M
V Price move only +0 +$2.0M
SHC Trimmed -8K +$1.9M
UHALB Price move only +0 +$1.7M
MSFT Trimmed -4K -$1.6M

7 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
CSX June 30, 2025 213,305 $6,277,566 57.7%
CIBXXXX June 30, 2025 128,642 $5,171,408 No longer tracked
GTM March 31, 2026 348,428 $3,543,513 -35.2%
DE March 31, 2025 8,238 $3,490,441 32.9%
ASML March 31, 2025 4,418 $3,062,027 164.8%
FTRE Dec. 31, 2025 358,191 $3,015,968 4.1%
INTC June 30, 2026 61,285 $2,704,507 -34.2%
IMXI Dec. 31, 2025 189,288 $2,644,353 -8.6%
VAL March 31, 2026 50,024 $2,521,210 -8.5%
GTX March 31, 2025 262,402 $2,369,490 221.4%
EPAM June 30, 2025 12,094 $2,041,951 -39.5%
RTO March 31, 2026 68,778 $2,026,200 -24.9%
CRM June 30, 2025 7,384 $1,981,570 -24.6%
WDC March 31, 2026 11,384 $1,961,122 73.9%
BA June 30, 2025 11,265 $1,921,246 2.4%
AON March 31, 2025 4,898 $1,759,166 -11.5%
MOS March 31, 2025 70,580 $1,734,856 -12.1%
ICLR June 30, 2026 15,646 $1,731,386 -0.6%
STX March 31, 2026 5,724 $1,576,332 119.2%
NOC March 31, 2025 3,078 $1,444,475 9.3%
UBER June 30, 2025 18,655 $1,359,203 -16.2%
KEYS March 31, 2026 6,613 $1,343,695 12.3%
ADBE Dec. 31, 2025 3,802 $1,341,156 -22.0%
INTC March 31, 2025 63,550 $1,274,178 304.8%
SPGI March 31, 2025 2,475 $1,232,624 -14.7%
KNX March 31, 2026 22,587 $1,180,848 23.1%
LBRT March 31, 2026 63,805 $1,177,840 -33.1%
CC June 30, 2026 52,401 $1,154,394 -22.3%
BAC June 30, 2025 25,789 $1,076,175 32.0%
MCO March 31, 2025 2,077 $983,189 7.3%
USB June 30, 2025 22,736 $959,914 37.5%
AMTM Dec. 31, 2025 39,520 $946,504 -27.9%
PNC June 30, 2025 4,992 $877,444 30.8%
EQT June 30, 2026 13,630 $867,413 1.3%
NSC June 30, 2025 3,473 $822,580 36.0%
PII Dec. 31, 2025 14,065 $817,598 3.7%
NOVT June 30, 2026 6,820 $805,510 -8.7%
SMCI June 30, 2026 35,335 $804,578 26.9%
OBE June 30, 2026 84,060 $796,473 No longer tracked
PAYO June 30, 2026 162,825 $786,445 -0.1%
MTN June 30, 2026 5,820 $746,822 11.5%
ACLS Dec. 31, 2025 7,265 $709,355 56.0%
FTRE June 30, 2026 72,820 $685,964 3.2%
NE June 30, 2026 13,633 $668,971 26.7%
FBTC June 30, 2025 9,212 $662,988 No longer tracked
KFY June 30, 2026 10,288 $647,630 27.6%
WFC June 30, 2025 8,851 $635,413 5.6%
CSTM March 31, 2025 56,776 $583,090 170.8%
BITB June 30, 2025 12,873 $577,740 No longer tracked
INTC Dec. 31, 2025 17,123 $574,477 149.1%
CRL June 30, 2026 3,043 $524,918 27.9%
ARKB June 30, 2025 6,342 $521,312 No longer tracked
PERI June 30, 2026 49,373 $493,236 -1.3%
LW June 30, 2025 8,775 $467,708 2.9%
DCTH June 30, 2025 36,645 $466,491 22.7%
IBIT June 30, 2025 9,545 $446,801
CRH March 31, 2025 4,618 $427,257 7.5%
QS Sept. 30, 2025 58,375 $392,280 -51.3%
TTI March 31, 2025 108,182 $387,292 116.7%
LQDA June 30, 2026 10,115 $381,740 -12.2%
MSOS Dec. 31, 2025 77,470 $371,081 No longer tracked
DELL Dec. 31, 2025 2,543 $360,521 248.9%
LYFT March 31, 2025 22,170 $285,993 44.9%
CBRE March 31, 2025 1,987 $260,873 16.4%
GTLS June 30, 2025 1,735 $250,465 No longer tracked
MU June 30, 2026 740 $250,002 -14.7%
RCMT June 30, 2026 12,891 $246,734 45.7%
NMM March 31, 2026 4,590 $240,654 30.9%
BLK March 31, 2025 225 $230,650 22.2%
VTLE March 31, 2025 6,591 $203,794 No longer tracked
BABA March 31, 2026 1,366 $200,228 -2.6%
GOGL June 30, 2025 25,000 $199,500 No longer tracked
PRTS June 30, 2026 252,495 $198,411 0.2%
TENB June 30, 2026 11,720 $198,244 -11.8%
SSTK June 30, 2026 10,765 $178,807 -62.0%
FIGS Dec. 31, 2025 19,407 $129,833 28.7%
BOOM June 30, 2026 20,492 $106,763 22.9%
LESL March 31, 2026 23,811 $39,288 -45.1%
CUTRQ March 31, 2025 84,205 $29,716 No longer tracked