Kerrisdale Advisers, LLC
Long book
$262.7M
Q1 2026
Positions
112
Top-10 weight
40%
concentration
Last quarter
+24.5%
SPY +14.8%
Turnover
47%
of book per quarter
Strategy in plain words
auto-generated from filingsKerrisdale Advisers, LLC is a diversified fundamental manager, running a $262.7M US long book across 112 positions.
The portfolio is moderately concentrated (top 10 ≈ 40% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VISA INC-CLASS A SHARES, MERCADOLIBRE INC, TELEPHONE AND DATA SYSTEMS, AMAZON.COM INC, MARVELL TECHNOLOGY INC.
Over the last 9 quarters its long book ran on average 1.4pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.8%
Q2 2024
+6.4%
Q3 2024
+1.3%
Q4 2024
-0.3%
Q1 2025
+7.9%
Q2 2025
+12.1%
Q3 2025
+4.8%
Q4 2025
-0.1%
Q1 2026
+24.5%
Sector allocation
Technology 29%
Services media 23%
Industrials 15%
Consumer discretionary 11%
Communications 6%
Healthcare 5%
Energy 4%
Other 2%
Long book by quarter
What does Kerrisdale Advisers, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| V VISA INC-CLASS A SHARES | Services media | 50.0K | $15.1M | 5.8% | +26.8% |
| MELI MERCADOLIBRE INC | Services media | 8.7K | $15.1M | 5.7% | +1.9% |
| TDS TELEPHONE AND DATA SYSTEMS | Communications | 298.0K | $12.5M | 4.8% | -41.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 58.7K | $12.2M | 4.7% | +42.0% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 113.9K | $11.3M | 4.3% | New |
| ACMR ACM RESEARCH INC-CLASS A | Industrials | 223.8K | $8.8M | 3.4% | -15.1% |
| SHC SOTERA HEALTH CO | Healthcare | 607.7K | $8.7M | 3.3% | +9.1% |
| GOOGL ALPHABET INC-CL A | Technology | 29.4K | $8.5M | 3.2% | Held |
| ADTN ADTRAN HOLDINGS INC | Technology | 552.0K | $6.9M | 2.6% | New |
| SWKS SKYWORKS SOLUTIONS INC | Technology | 127.0K | $6.8M | 2.6% | New |
| LGN LEGENCE CORP-CL A | Industrials | 105.9K | $6.0M | 2.3% | +72.2% |
| SYY SYSCO CORP | Consumer discretionary | 83.5K | $6.0M | 2.3% | -60.5% |
| UHAL/B U-HAUL HOLDING CO-NON VOTING | Services media | 127.2K | $5.7M | 2.2% | +130.3% |
| LRN STRIDE INC | Services media | 57.2K | $5.0M | 1.9% | -4.2% |
| POOL POOL CORP | Consumer discretionary | 24.2K | $4.9M | 1.9% | New |
| UNP UNION PACIFIC CORP | Industrials | 20.1K | $4.9M | 1.9% | +22.4% |
| MSFT MICROSOFT CORP | Technology | 12.4K | $4.6M | 1.7% | +2080.2% |
| SNPS SYNOPSYS INC | Technology | 10.2K | $4.1M | 1.5% | +21.7% |
| DV DOUBLEVERIFY HOLDINGS INC | Technology | 398.4K | $3.8M | 1.4% | New |
| ZM ZOOM COMMUNICATIONS INC | Technology | 46.6K | $3.8M | 1.4% | +23.4% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 73.2K | $3.6M | 1.4% | New |
| APPF APPFOLIO INC - A | Technology | 22.3K | $3.5M | 1.3% | +39.5% |
| CART MAPLEBEAR INC | Services media | 94.0K | $3.5M | 1.3% | +28.7% |
| AMRZ AMRIZE LTD | Industrials | 61.7K | $3.5M | 1.3% | +31.2% |
| KVUE KENVUE INC | Other | 170.8K | $2.9M | 1.1% | -50.3% |
| CVE CENOVUS ENERGY INC | Energy | 111.0K | $2.9M | 1.1% | New |
| CPNG COUPANG INC | Consumer discretionary | 150.3K | $2.8M | 1.1% | +37.8% |
| INTC INTEL CORP | Technology | 61.3K | $2.7M | 1.0% | New |
| IPGP IPG PHOTONICS CORP | Technology | 23.4K | $2.7M | 1.0% | New |
| ETN EATON CORP PLC | Industrials | 7.1K | $2.5M | 1.0% | +47.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 8.8K | $2.4M | 0.9% | +51.8% |
| ON ON SEMICONDUCTOR | Technology | 37.2K | $2.3M | 0.9% | Held |
| RRX REGAL REXNORD CORP | Industrials | 12.2K | $2.3M | 0.9% | New |
| MSGE MADISON SQUARE GARDEN ENTERT | Services media | 31.1K | $1.8M | 0.7% | -27.7% |
| ICLR ICON PLC | Healthcare | 15.6K | $1.7M | 0.7% | New |
| WAB WABTEC CORP | Industrials | 6.9K | $1.7M | 0.7% | Held |
| ADEA ADEIA INC | Communications | 70.8K | $1.7M | 0.6% | New |
| PYPL PAYPAL HOLDINGS INC | Services media | 36.9K | $1.7M | 0.6% | New |
| ATKR ATKORE INC | Technology | 28.1K | $1.7M | 0.6% | Held |
| JOE ST JOE CO/THE | Real estate | 24.0K | $1.5M | 0.6% | Held |
| GTLB GITLAB INC-CL A | Technology | 69.0K | $1.5M | 0.6% | +168.6% |
| UBER UBER TECHNOLOGIES INC | Services media | 19.0K | $1.4M | 0.5% | New |
| WHD CACTUS INC - A | Industrials | 27.8K | $1.3M | 0.5% | New |
| BAC BANK OF AMERICA CORP | Financials | 26.7K | $1.3M | 0.5% | New |
| SNAP SNAP INC - A | Technology | 283.0K | $1.3M | 0.5% | +627.4% |
| RBA RB GLOBAL INC | Services media | 12.9K | $1.2M | 0.5% | New |
| KMB KIMBERLY-CLARK CORP | Other | 12.6K | $1.2M | 0.5% | New |
| GFF GRIFFON CORP | Industrials | 16.7K | $1.2M | 0.5% | +133.0% |
| NDSN NORDSON CORP | Industrials | 4.5K | $1.2M | 0.5% | New |
| HSIC HENRY SCHEIN INC | Consumer discretionary | 16.0K | $1.2M | 0.4% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 112 | $262.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 76 | $212.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 75 | $192.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 66 | $191.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 81 | $239.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 86 | $296.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 97 | $294.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 93 | $319.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 87 | $318.3M | canonical | SEC ↗ |
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