Kerrisdale Advisers, LLC

CIK

1569688

Location

Miami, FL

Portfolio Value

Small $258,834,406

Diversification

Diversified

Filing Date

Global Rank

#3,665 / 8,603 ▲ 516 · as of Mar 2026

Top Industry

Internet Retail 13.3%

3Y Alpha vs SPY

+8.2%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+105.0%

SPY

+76.5%

Annualised alpha

+6.2%

Max drawdown

−22.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

5.8%

−4.0 pts

Top 5

25.6%

−11.3 pts

Top 10

40.9%

−15.1 pts

HHI

243

Diversified−169

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.6%	$74,047,799	26
Consumer Cyclical	15.2%	$39,299,848	11
Industrials	12.2%	$31,648,925	17
Communication Services	11.6%	$30,135,997	11
Financial Services	8.7%	$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 positions · $258,834,406 total · 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%	5.84%
MELI	Mercadolibre Inc Consumer Cyclical	Added	8,724	+160	$15,083,970	−12.6%	5.83%
TDS	Telephone & Data Systems Inc /De/ Communication Services	Reduced	297,966	-208,101	$12,544,368	−39.5%	4.85%
AMZN	Amazon Com Inc Consumer Cyclical	Added	58,746	+17,375	$12,235,029	+28.1%	4.73%
MRVL	Marvell Technology, Inc. Technology	NEW	113,851	NEW	$11,276,941	NEW	4.36%
ACMR	ACM Research, Inc. Technology	Reduced	223,755	-39,727	$8,804,759	−15.3%	3.40%
SHC	Sotera Health Co Healthcare	Added	607,689	+50,835	$8,714,260	−11.3%	3.37%
GOOGL	Alphabet Inc. Communication Services	Held	29,387	0	$8,450,525	−8.1%	3.26%
ADTN	ADTRAN Holdings, Inc. Technology	NEW	552,010	NEW	$6,944,285	NEW	2.68%
SWKS	Skyworks Solutions, Inc. Technology	NEW	126,980	NEW	$6,799,779	NEW	2.63%
LGN	Legence Corp. Industrials	Added	105,920	+44,425	$5,980,243	+125.9%	2.31%
SYY	Sysco Corp Consumer Defensive	Reduced	83,476	-127,753	$5,954,343	−61.7%	2.30%
LRN	Stride, Inc. Consumer Defensive	Reduced	57,155	-2,510	$5,039,356	+30.1%	1.95%
POOL	Pool Corp Industrials	NEW	24,175	NEW	$4,891,327	NEW	1.89%
UNP	Union Pacific Corp Industrials	Added	20,072	+3,670	$4,869,868	+28.4%	1.88%
MSFT	Microsoft Corp Technology	Added	12,362	+11,795	$4,576,041	+1568.8%	1.77%
SNPS	Synopsys Inc Technology	Added	10,231	+1,825	$4,056,386	+2.7%	1.57%
DV	DoubleVerify Holdings, Inc. Communication Services	NEW	398,439	NEW	$3,785,170	NEW	1.46%
ZM	Zoom Communications, Inc. Technology	Added	46,649	+8,850	$3,750,113	+15.0%	1.45%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	NEW	73,150	NEW	$3,564,599	NEW	1.38%
APPF	Appfolio Inc Technology	Added	22,344	+6,328	$3,526,330	−5.4%	1.36%
CART	Maplebear Inc. Consumer Cyclical	Added	94,016	+20,976	$3,521,839	+7.2%	1.36%
AMRZ	Amrize Ltd Basic Materials	Added	61,720	+14,670	$3,457,554	+35.9%	1.34%
KVUE	Kenvue Inc. Consumer Defensive	Reduced	170,807	-173,030	$2,944,712	−50.4%	1.14%
CVE	Cenovus Energy Inc. Energy	NEW	110,950	NEW	$2,943,503	NEW	1.14%
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	1.04%
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%	0.98%
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%	0.97%
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%	0.89%
ON	On Semiconductor Corp Technology	Held	37,210	0	$2,304,043	+14.3%	0.89%
RRX	Regal Rexnord Corp Industrials	NEW	12,230	NEW	$2,290,189	NEW	0.88%
NOK	Nokia Corp Technology	NEW	283,845	NEW	$2,282,113	NEW	0.88%
PRTS	CarParts.com, Inc. Consumer Cyclical	Held	252,495	0	$1,994,710	+58.0%	0.77%
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	0.64%
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%	0.58%
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	0.50%
SNAP	Snap Inc Communication Services	Added	282,954	+244,054	$1,301,588	+314.6%	0.50%