Kerrisdale Advisers
Miami, FLfiles as Kerrisdale Advisers, LLC
$399m in 114 US stocks at the end of 30 June 2026. The top 10 are 54.2% of the money. It changed about 43.8% of the portfolio this quarter.
Value
$399m
Stocks
114
Top 10 share
54.2%
Turnover
43.8%
What changed this quarter
New
Bought for the first time this quarter.
- Forgent Power SolutionsFPS1.6% of the fund
- Akamai TechnologiesAKAM1.5% of the fund
- IlluminaILMN1.0% of the fund
- ZoetisZTS0.8% of the fund
- Spdr Gold TRGLD0.5% of the fund
- lululemon athleticaLULU0.5% of the fund
- Establishment Labs HoldingsESTA0.4% of the fund
- Lockheed MartinLMT0.4% of the fund
- Limbach HoldingsLMB0.4% of the fund
- APi GroupAPG0.3% of the fund
- KlaviyoKVYO0.3% of the fund
- Sensata Technologies HoldingST0.3% of the fund
- SCHMID GroupSHMD0.3% of the fund
- Wise GroupWSE0.3% of the fund
- HubspotHUBS0.3% of the fund
- FigmaFIG0.2% of the fund
- T-Mobile USTMUS0.2% of the fund
- Core ScientificCORZ0.2% of the fund
- Verra MobilityVRRM0.1% of the fund
- CryoportCYRX<0.1% of the fund
- Procore TechnologiesPCOR<0.1% of the fund
- Rigetti ComputingRGTI<0.1% of the fund
- CarParts.comPRTS<0.1% of the fund
Added
Bought more of a stock they already held.
- Regal RexnordRRX27.6% of the fund+3688%
- BeldenBDC4.3% of the fund+1441%
- AzentaAZTA1.9% of the fund+1420%
- PoolPOOL1.8% of the fund+40%
- IPG PhotonicsIPGP1.2% of the fund+77%
- Cenovus EnergyCVE0.9% of the fund+27%
- AmrizeAMRZ0.9% of the fund+5%
- EatonETN0.8% of the fund+10%
- AdeiaADEA0.6% of the fund+9%
- Solstice Advanced MaterialsSOLS0.6% of the fund+451%
- DynatraceDT0.5% of the fund+76%
- FiservFISV0.4% of the fund+369%
- CactusWHD0.4% of the fund+22%
- Hudson TechnologiesHDSN0.4% of the fund+421%
- Amentum HoldingsAMTM0.3% of the fund+105%
- Power Solutions InternationalPSIX0.2% of the fund+116%
Cut
Sold some of their stake.
- Amazon.comAMZN3.3% of the fund-5%
- AlphabetGOOGL2.3% of the fund-14%
- Skyworks SolutionsSWKS2.1% of the fund-3%
- ACM ResearchACMR2.0% of the fund-72%
- Telephone & Data SystemsTDS1.5% of the fund-45%
- Union PacificUNP1.3% of the fund-6%
- SynopsysSNPS0.8% of the fund-27%
- MaplebearCART0.8% of the fund-31%
- MicrosoftMSFT0.8% of the fund-35%
- Zoom CommunicationsZM0.7% of the fund-32%
- Grupo Cibest SACIB0.7% of the fund-15%
- NokiaNOK0.6% of the fund-33%
- StrideLRN0.6% of the fund-49%
- AppfolioAPPF0.6% of the fund-38%
- UnitedHealth GroupUNH0.5% of the fund-42%
- Westinghouse Air Brake TechnologiesWAB0.4% of the fund-8%
- Marvell TechnologyMRVL0.4% of the fund-95%
- AtkoreATKR0.4% of the fund-29%
- PayPal HoldingsPYPL0.4% of the fund-8%
- ON SemiconductorON0.3% of the fund-61%
- ST JOEJOE0.3% of the fund-14%
- GitlabGTLB0.3% of the fund-43%
- Canadian Natural ResourcesCNQ0.3% of the fund-62%
- SnapSNAP0.3% of the fund-17%
- LegenceLGN0.3% of the fund-89%
Sold out
Sold their entire stake.
- IntelINTC-100%
- IconICLR-100%
- ChemoursCC-100%
- EQTEQT-100%
- NovantaNOVT-100%
- Super Micro ComputerSMCI-100%
- Obsidian EnergyOBE-100%
- Payoneer GlobalPAYO-100%
- Vail ResortsMTN-100%
- Fortrea HoldingsFTRE-100%
- NobleNE-100%
- Korn FerryKFY-100%
- Charles River Laboratories InternationalCRL-100%
- Perion NetworkPERI-100%
- LiquidiaLQDA-100%
- Micron TechnologyMU-100%
- RCM TechnologiesRCMT-100%
- CarParts.comPRTS-100%
- Tenable HoldingsTENB-100%
- ShutterstockSSTK-100%
- DMC GlobalBOOM-100%
Holdings
- Cenovus EnergyCVE
- Share
- 0.9%
- Value
- $4m
- Shares
- 141,350
+27%
- Grupo Cibest SACIB
- Share
- 0.7%
- Value
- $3m
- Shares
- 33,840
-15%
- NokiaNOK
- Share
- 0.6%
- Value
- $3m
- Shares
- 190,965
-33%
- Spdr Gold TRGLD
- Share
- 0.5%
- Value
- $2m
- Shares
- 5,950
New
- EndavaDAVA
- Share
- 0.4%
- Value
- $2m
- Shares
- 567,416
Held
- Canadian Natural ResourcesCNQ
- Share
- 0.3%
- Value
- $1m
- Shares
- 27,500
-62%
- Ecopetrol S AEC
- Share
- 0.2%
- Value
- $961,983
- Shares
- 67,555
Held
- CamecoCCJ
- Share
- 0.2%
- Value
- $767,515
- Shares
- 7,535
Held
- SeaSE
- Share
- 0.2%
- Value
- $707,225
- Shares
- 7,380
Held
- Grupo Aval Acciones Y ValoreAVAL
- Share
- <0.1%
- Value
- $377,250
- Shares
- 75,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Regal RexnordRRX | 27.6% | $110m | 463,295 | +3688% |
| VisaV | 4.3% | $17m | 50,031 | Held |
| BeldenBDC | 4.3% | $17m | 143,000 | +1441% |
| MercadoLibreMELI | 3.7% | $15m | 8,724 | Held |
| Amazon.comAMZN | 3.3% | $13m | 55,891 | -5% |
| Sotera HealthSHC | 2.7% | $11m | 599,249 | Held |
| AlphabetGOOGL | 2.3% | $9m | 25,412 | -14% |
| Skyworks SolutionsSWKS | 2.1% | $8m | 123,340 | -3% |
| ACM ResearchACMR | 2.0% | $8m | 62,570 | -72% |
| AzentaAZTA | 1.9% | $7m | 290,682 | +1420% |
| U-Haul HoldingUHAL-B | 1.8% | $7m | 127,232 | Held |
| PoolPOOL | 1.8% | $7m | 33,795 | +40% |
| SyscoSYY | 1.7% | $7m | 83,476 | Held |
| Forgent Power SolutionsFPS | 1.6% | $7m | 116,572 | New |
| Akamai TechnologiesAKAM | 1.5% | $6m | 51,985 | New |
| Telephone & Data SystemsTDS | 1.5% | $6m | 163,758 | -45% |
| Union PacificUNP | 1.3% | $5m | 18,952 | -6% |
| IPG PhotonicsIPGP | 1.2% | $5m | 41,450 | +77% |
| DoubleVerify HoldingsDV | 1.1% | $4m | 398,439 | Held |
| IlluminaILMN | 1.0% | $4m | 22,085 | New |
| Cenovus EnergyCVE | 0.9% | $4m | 141,350 | +27% |
| AmrizeAMRZ | 0.9% | $3m | 64,720 | +5% |
| EatonETN | 0.8% | $3m | 7,817 | +10% |
| SynopsysSNPS | 0.8% | $3m | 7,466 | -27% |
| KenvueKVUE | 0.8% | $3m | 170,807 | Held |
| MaplebearCART | 0.8% | $3m | 65,106 | -31% |
| ZoetisZTS | 0.8% | $3m | 42,000 | New |
| MicrosoftMSFT | 0.8% | $3m | 8,062 | -35% |
| DiageoDEO | 0.7% | $3m | 34,233 | Held |
| Zoom CommunicationsZM | 0.7% | $3m | 31,869 | -32% |
| Grupo Cibest SACIB | 0.7% | $3m | 33,840 | -15% |
| AdeiaADEA | 0.6% | $3m | 77,055 | +9% |
| NokiaNOK | 0.6% | $3m | 190,965 | -33% |
| Solstice Advanced MaterialsSOLS | 0.6% | $3m | 28,465 | +451% |
| StrideLRN | 0.6% | $3m | 29,049 | -49% |
| AppfolioAPPF | 0.6% | $2m | 13,904 | -38% |
| Spdr Gold TRGLD | 0.5% | $2m | 5,950 | New |
| UnitedHealth GroupUNH | 0.5% | $2m | 5,131 | -42% |
| lululemon athleticaLULU | 0.5% | $2m | 16,905 | New |
| DynatraceDT | 0.5% | $2m | 42,205 | +76% |
| Petrobras - Petroleo Brasileiro SAPBR | 0.4% | $2m | 111,126 | Held |
| FiservFISV | 0.4% | $2m | 35,815 | +369% |
| Establishment Labs HoldingsESTA | 0.4% | $2m | 20,390 | New |
| CactusWHD | 0.4% | $2m | 33,770 | +22% |
| Hudson TechnologiesHDSN | 0.4% | $2m | 299,976 | +421% |
| Westinghouse Air Brake TechnologiesWAB | 0.4% | $2m | 6,360 | -8% |
| Marvell TechnologyMRVL | 0.4% | $2m | 5,636 | -95% |
| Lockheed MartinLMT | 0.4% | $2m | 3,180 | New |
| EndavaDAVA | 0.4% | $2m | 567,416 | Held |
| Limbach HoldingsLMB | 0.4% | $2m | 20,510 | New |
| Bank of AmericaBAC | 0.4% | $2m | 26,730 | Held |
| AtkoreATKR | 0.4% | $2m | 19,844 | -29% |
| RB GlobalRBA | 0.4% | $2m | 12,897 | Held |
| PayPal HoldingsPYPL | 0.4% | $1m | 33,921 | -8% |
| APi GroupAPG | 0.3% | $1m | 32,770 | New |
| Kimberly-ClarkKMB | 0.3% | $1m | 12,615 | Held |
| ON SemiconductorON | 0.3% | $1m | 14,595 | -61% |
| KlaviyoKVYO | 0.3% | $1m | 91,120 | New |
| Uber TechnologiesUBER | 0.3% | $1m | 18,960 | Held |
| NordsonNDSN | 0.3% | $1m | 4,530 | Held |
| Sensata Technologies HoldingST | 0.3% | $1m | 28,320 | New |
| Henry ScheinHSIC | 0.3% | $1m | 16,026 | Held |
| ST JOEJOE | 0.3% | $1m | 20,610 | -14% |
| CPI Card GroupPMTS | 0.3% | $1m | 60,796 | Held |
| Amentum HoldingsAMTM | 0.3% | $1m | 59,845 | +105% |
| SCHMID GroupSHMD | 0.3% | $1m | 193,505 | New |
| GitlabGTLB | 0.3% | $1m | 39,415 | -43% |
| Wise GroupWSE | 0.3% | $1m | 99,950 | New |
| Joint Stock Co Kaspi.kzKSPI | 0.3% | $1m | 13,665 | Held |
| HubspotHUBS | 0.3% | $1m | 6,085 | New |
| Canadian Natural ResourcesCNQ | 0.3% | $1m | 27,500 | -62% |
| SnapSNAP | 0.3% | $1m | 234,834 | -17% |
| LegenceLGN | 0.3% | $999,066 | 11,722 | -89% |
| GriffonGFF | 0.2% | $996,757 | 10,220 | -39% |
| ADTRAN HoldingsADTN | 0.2% | $980,214 | 70,519 | -87% |
| Power Solutions InternationalPSIX | 0.2% | $979,056 | 25,175 | +116% |
| Ecopetrol S AEC | 0.2% | $961,983 | 67,555 | Held |
| NetAppNTAP | 0.2% | $882,287 | 5,701 | -39% |
| Fox Factory HoldingFOXF | 0.2% | $867,008 | 51,166 | Held |
| MosaicMOS | 0.2% | $846,329 | 39,940 | Held |
| U-Haul HoldingUHAL | 0.2% | $832,004 | 12,714 | Held |
| FigmaFIG | 0.2% | $823,547 | 45,525 | New |
| T-Mobile USTMUS | 0.2% | $810,975 | 4,835 | New |
| LensarLNSR | 0.2% | $795,917 | 139,390 | Held |
| CamecoCCJ | 0.2% | $767,515 | 7,535 | Held |
| CoupangCPNG | 0.2% | $758,947 | 43,693 | -71% |
| Booz Allen Hamilton HoldingBAH | 0.2% | $753,643 | 12,422 | Held |
| RCI Hospitality HoldingsRICK | 0.2% | $744,552 | 27,253 | Held |
| SeaSE | 0.2% | $707,225 | 7,380 | Held |
| Liberty GlobalLBTYA | 0.2% | $689,477 | 60,640 | Held |
| Kraft HeinzKHC | 0.2% | $678,957 | 28,745 | Held |
| ACV AuctionsACVA | 0.2% | $654,829 | 91,075 | Held |
| Core ScientificCORZ | 0.2% | $645,380 | 25,220 | New |
| FreshworksFRSH | 0.2% | $629,717 | 62,225 | Held |
| Madison Square Garden EntertainmentMSGE | 0.1% | $490,517 | 6,064 | -80% |
| Cronos GroupCRON | 0.1% | $477,843 | 171,886 | Held |
| Flowers FoodsFLO | 0.1% | $442,914 | 56,065 | Held |
| Verra MobilityVRRM | 0.1% | $427,852 | 100,671 | New |
| O-I GlassOI | <0.1% | $383,804 | 39,855 | Held |
| Grupo Aval Acciones Y ValoreAVAL | <0.1% | $377,250 | 75,000 | Held |
Showing the largest 100 of 114.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 108.2% since 30 June 2025.
Where the money is
Industrials41.0%
Technology23.3%
Retail & consumer7.3%
Health care6.1%
Financial services5.7%
Media & telecom4.9%
Everyday goods4.7%
Materials2.2%
Energy1.8%
Real estate0.3%
Other2.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.