Kerrisdale Advisers, LLC

CIK

1569688

Location

Miami, FL

Portfolio Value

Small $257,039,167

Diversification

Diversified

Filing Date

Global Rank

#3,703 / 8,623 ▲ 506 · as of Mar 2026

Top Industry

Internet Retail 13.4%

3Y Alpha vs SPY

+4.3%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+84.8%

SPY

+65.3%

Annualised alpha

+4.5%

Max drawdown

−21.8%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

111 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.9%

−4.0 pts

Top 5

25.8%

−11.3 pts

Top 10

41.2%

−15.1 pts

HHI

246

Diversified−170

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.8%	$74,047,799	26
Consumer Cyclical	14.6%	$37,504,609	11
Industrials	12.3%	$31,648,925	17
Communication Services	11.7%	$30,135,997	11
Financial Services	8.8%	$22,496,292	7
Consumer Defensive	7.3%	$18,807,430	7
Healthcare	6.7%	$17,280,246	10
Energy	6.4%	$16,502,257	13
Basic Materials	2.6%	$6,620,182	6
Real Estate	0.6%	$1,506,572	1
Unclassified	0.2%	$425,754	1
Utilities	0.0%	$63,104	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

21 positions

Ticker	Company	Δ Shares	Shares	Value
SNAP	Snap Inc	+244,054	282,954	$1,301,588
SHC	Sotera Health Co	+50,835	607,689	$8,714,260
LGN	Legence Corp.	+44,425	105,920	$5,980,243
GTLB	Gitlab Inc.	+43,295	68,980	$1,492,727
CPNG	Coupang, Inc.	+41,205	150,290	$2,837,475
CART	Maplebear Inc.	+20,976	94,016	$3,521,839
RICK	Rci Hospitality Holdings, Inc.	+18,000	27,253	$621,640
AMZN	Amazon Com Inc	+17,375	58,746	$12,235,029
AMRZ	Amrize Ltd	+14,670	61,720	$3,457,554
MSFT	Microsoft Corp	+11,795	12,362	$4,576,041
V	Visa Inc.	+10,559	50,031	$15,121,369
GFF	Griffon Corp	+9,510	16,660	$1,210,848
ZM	Zoom Communications, Inc.	+8,850	46,649	$3,750,113
APPF	Appfolio Inc	+6,328	22,344	$3,526,330
UNP	Union Pacific Corp	+3,670	20,072	$4,869,868
DEO	Diageo PLC	+3,100	34,233	$2,548,646
UNH	Unitedhealth Group Inc	+3,021	8,849	$2,394,450
BAH	Booz Allen Hamilton Holding Corp	+2,970	12,422	$969,288
ETN	Eaton Corp plc	+2,280	7,077	$2,531,230
SNPS	Synopsys Inc	+1,825	10,231	$4,056,386
MELI	Mercadolibre Inc	+160	8,724	$15,083,970
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
TDS	Telephone & Data Systems Inc /De/	−208,101	297,966	$12,544,368
KVUE	Kenvue Inc.	−173,030	170,807	$2,944,712
NE	Noble Corp plc	−133,988	13,633	$668,971
SYY	Sysco Corp	−127,753	83,476	$5,954,343
WMG	Warner Music Group Corp.	−57,795	8,735	$223,091
CIB	Grupo Cibest S.A.	−51,410	39,700	$2,890,557
ACMR	ACM Research, Inc.	−39,727	223,755	$8,804,759
FOXF	Fox Factory Holding Corp	−31,813	51,166	$842,192
PERI	Perion Network Ltd.	−26,190	49,373	$493,236
NXE	NexGen Energy Ltd.	−20,700	30,183	$350,122
MSGE	Madison Square Garden Entertainment Corp.	−11,900	31,069	$1,830,274
MU	Micron Technology Inc	−6,202	740	$250,001
LQDA	Liquidia Corp	−4,705	10,115	$381,740
LRN	Stride, Inc.	−2,510	57,155	$5,039,356
CCJ	Cameco Corp	−2,120	7,535	$818,376
CRL	Charles River Laboratories International, Inc.	−1,550	3,043	$524,917
KFY	Korn Ferry	−200	10,288	$647,629
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
MRVL	Marvell Technology, Inc.	113,851	$11,276,941
ADTN	ADTRAN Holdings, Inc.	552,010	$6,944,285
SWKS	Skyworks Solutions, Inc.	126,980	$6,799,779
POOL	Pool Corp	24,175	$4,891,327
DV	DoubleVerify Holdings, Inc.	398,439	$3,785,170
CNQ	CANADIAN NATURAL RESOURCES Ltd	73,150	$3,564,599
CVE	Cenovus Energy Inc.	110,950	$2,943,503
INTC	Intel Corp	61,285	$2,704,507
IPGP	Ipg Photonics Corp	23,440	$2,685,989
RRX	Regal Rexnord Corp	12,230	$2,290,189
NOK	Nokia Corp	283,845	$2,282,113
ICLR	Icon PLC	15,646	$1,731,386
ADEA	Adeia Inc.	70,830	$1,702,044
PYPL	PayPal Holdings, Inc.	36,866	$1,667,449
UBER	Uber Technologies, Inc	18,960	$1,363,792
WHD	Cactus, Inc.	27,780	$1,315,938
BAC	Bank Of America Corp /De/	26,730	$1,303,087
RBA	Rb Global Inc.	12,897	$1,236,177
KMB	Kimberly Clark Corp	12,615	$1,216,969
NDSN	Nordson Corp	4,530	$1,205,251
SU	Suncor Energy Inc	16,550	$1,094,120
BDC	Belden Inc.	9,280	$1,065,622
MOS	Mosaic Co	39,940	$1,018,470
NTAP	NetApp, Inc.	9,401	$962,568
DT	Dynatrace, Inc.	23,935	$885,116
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
GTM	ZoomInfo Technologies Inc.	348,428	$3,543,512
VAL	Valaris Ltd	50,024	$2,521,209
RTO	Rentokil Initial PLC /Fi	68,778	$2,026,199
WDC	Western Digital Corp	11,384	$1,961,121
STX	Seagate Technology Holdings plc	5,724	$1,576,332
KEYS	Keysight Technologies, Inc.	6,613	$1,343,695
KNX	Knight-Swift Transportation Holdings Inc.	22,587	$1,180,848
LBRT	Liberty Energy Inc.	63,805	$1,177,840
NMM	Navios Maritime Partners L.P.	4,590	$240,653
BABA	Alibaba Group Holding Ltd	1,366	$200,228
LESL	Leslie's, Inc.	23,811	$39,288
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

111 tracked positions · $257,039,167 total · filing declares 112 positions · $262,724,896 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 111 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
V	Visa Inc. Financial Services	Added	50,031	+10,559	$15,121,369	+9.2%	5.88%
MELI	Mercadolibre Inc Consumer Cyclical	Added	8,724	+160	$15,083,970	−12.6%	5.87%
TDS	Telephone & Data Systems Inc /De/ Communication Services	Reduced	297,966	-208,101	$12,544,368	−39.5%	4.88%
AMZN	Amazon Com Inc Consumer Cyclical	Added	58,746	+17,375	$12,235,029	+28.1%	4.76%
MRVL	Marvell Technology, Inc. Technology	NEW	113,851	NEW	$11,276,941	NEW	4.39%
ACMR	ACM Research, Inc. Technology	Reduced	223,755	-39,727	$8,804,759	−15.3%	3.43%
SHC	Sotera Health Co Healthcare	Added	607,689	+50,835	$8,714,260	−11.3%	3.39%
GOOGL	Alphabet Inc. Communication Services	Held	29,387	0	$8,450,525	−8.1%	3.29%
ADTN	ADTRAN Holdings, Inc. Technology	NEW	552,010	NEW	$6,944,285	NEW	2.70%
SWKS	Skyworks Solutions, Inc. Technology	NEW	126,980	NEW	$6,799,779	NEW	2.65%
LGN	Legence Corp. Industrials	Added	105,920	+44,425	$5,980,243	+125.9%	2.33%
SYY	Sysco Corp Consumer Defensive	Reduced	83,476	-127,753	$5,954,343	−61.7%	2.32%
LRN	Stride, Inc. Consumer Defensive	Reduced	57,155	-2,510	$5,039,356	+30.1%	1.96%
POOL	Pool Corp Industrials	NEW	24,175	NEW	$4,891,327	NEW	1.90%
UNP	Union Pacific Corp Industrials	Added	20,072	+3,670	$4,869,868	+28.4%	1.89%
MSFT	Microsoft Corp Technology	Added	12,362	+11,795	$4,576,041	+1568.8%	1.78%
SNPS	Synopsys Inc Technology	Added	10,231	+1,825	$4,056,386	+2.7%	1.58%
DV	DoubleVerify Holdings, Inc. Communication Services	NEW	398,439	NEW	$3,785,170	NEW	1.47%
ZM	Zoom Communications, Inc. Technology	Added	46,649	+8,850	$3,750,113	+15.0%	1.46%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	NEW	73,150	NEW	$3,564,599	NEW	1.39%
APPF	Appfolio Inc Technology	Added	22,344	+6,328	$3,526,330	−5.4%	1.37%
CART	Maplebear Inc. Consumer Cyclical	Added	94,016	+20,976	$3,521,839	+7.2%	1.37%
AMRZ	Amrize Ltd Basic Materials	Added	61,720	+14,670	$3,457,554	+35.9%	1.35%
KVUE	Kenvue Inc. Consumer Defensive	Reduced	170,807	-173,030	$2,944,712	−50.4%	1.15%
CVE	Cenovus Energy Inc. Energy	NEW	110,950	NEW	$2,943,503	NEW	1.15%
CIB	Grupo Cibest S.A. Financial Services	Reduced	39,700	-51,410	$2,890,557	−50.1%	1.12%
CPNG	Coupang, Inc. Consumer Cyclical	Added	150,290	+41,205	$2,837,475	+10.3%	1.10%
INTC	Intel Corp Technology	NEW	61,285	NEW	$2,704,507	NEW	1.05%
IPGP	Ipg Photonics Corp Technology	NEW	23,440	NEW	$2,685,989	NEW	1.04%
DEO	Diageo PLC Consumer Defensive	Added	34,233	+3,100	$2,548,646	−5.1%	0.99%
ETN	Eaton Corp plc Industrials	Added	7,077	+2,280	$2,531,230	+65.7%	0.98%
DAVA	Endava plc Technology	Held	567,416	0	$2,507,978	−30.1%	0.98%
UNH	Unitedhealth Group Inc Healthcare	Added	8,849	+3,021	$2,394,450	+24.5%	0.93%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Held	111,126	0	$2,305,864	+75.1%	0.90%
ON	On Semiconductor Corp Technology	Held	37,210	0	$2,304,043	+14.3%	0.90%
RRX	Regal Rexnord Corp Industrials	NEW	12,230	NEW	$2,290,189	NEW	0.89%
NOK	Nokia Corp Technology	NEW	283,845	NEW	$2,282,113	NEW	0.89%
MSGE	Madison Square Garden Entertainment Corp. Communication Services	Reduced	31,069	-11,900	$1,830,274	−21.0%	0.71%
ICLR	Icon PLC Healthcare	NEW	15,646	NEW	$1,731,386	NEW	0.67%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Held	6,925	0	$1,730,626	+17.1%	0.67%
ADEA	Adeia Inc. Technology	NEW	70,830	NEW	$1,702,044	NEW	0.66%
PYPL	PayPal Holdings, Inc. Financial Services	NEW	36,866	NEW	$1,667,449	NEW	0.65%
ATKR	Atkore Inc. Industrials	Held	28,074	0	$1,653,839	−6.9%	0.64%
JOE	ST JOE Co Real Estate	Held	23,990	0	$1,506,572	+5.8%	0.59%
GTLB	Gitlab Inc. Technology	Added	68,980	+43,295	$1,492,727	+54.9%	0.58%
UBER	Uber Technologies, Inc Technology	NEW	18,960	NEW	$1,363,792	NEW	0.53%
WHD	Cactus, Inc. Energy	NEW	27,780	NEW	$1,315,938	NEW	0.51%
BAC	Bank Of America Corp /De/ Financial Services	NEW	26,730	NEW	$1,303,087	NEW	0.51%
SNAP	Snap Inc Communication Services	Added	282,954	+244,054	$1,301,588	+314.6%	0.51%
RBA	Rb Global Inc. Industrials	NEW	12,897	NEW	$1,236,177	NEW	0.48%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.