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Stock research / United States / Funds / Kerrisdale Advisers, LLC

Kerrisdale Advisers, LLC

CIK 1569688 · latest 13F filed 14 August 2026 · Read the filing on EDGAR

Kerrisdale Advisers, LLC reported 114 US-listed holdings worth $399.2 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Regal Rexnord Corp. (27.6%), Visa Inc. (4.3%) and Belden Inc. (4.3%). Against the quarter before, it opened 23 positions, added to 16, trimmed 34 and sold out of 21.

Reported holdings$399.2M+52.0% on Q1 2026
Positions114+2 on Q1 2026
The largest ten54.2%of its reported holdings
Latest 13FQ2 2026filed 14 August 2026
Where the money is
OpenedAdded toHeldTrimmed
RRX27.6%V4.3%BDC4.3%MELI3.7%AMZN3.3%SHC2.7%GOOGL2.3%SWKS2.1%ACMR2.0%AZTA1.9%UHALB1.8%POOL1.8%SYY1.7%FPS1.6%100 more38.8%

The 14 largest of its 114 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter
Q3 2024: $294.1 million in 97 positions$294MQ3 24Q4 2024: $296.0 million in 86 positions$296MQ4 24Q1 2025: $239.0 million in 81 positions$239MQ1 25Q2 2025: $191.7 million in 66 positions$192MQ2 25Q3 2025: $192.9 million in 75 positions$193MQ3 25Q4 2025: $212.3 million in 76 positions$212MQ4 25Q1 2026: $262.7 million in 112 positions$263MQ1 26Q2 2026: $399.2 million in 114 positions$399MQ2 26

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What its reported holdings returned

Held through each quarter, the holdings it reported returned +101.0% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.

Its reported holdingsThe S&P 500
90120150180210Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26Its holdings +101.0%S&P 500 +30.2%

Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.

What it did on the quarter

Opened 23Added 16Held 41Trimmed 34Sold out 21
Opened: 23Added: 16Held: 41Trimmed: 34Sold out: 21

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 23

  1. Forgent Power Solutions Inc FPS$6.5 million
  2. Akamai Technologies Inc. AKAM$6.1 million
  3. Illumina, Inc. ILMN$3.9 million
  4. Zoetis Inc. ZTS$3.0 million
  5. SPDR Gold Trust GLD$2.2 million
  6. lululemon athletica Inc. LULU$1.9 million
  7. Establishment Labs Holdings Inc. ESTA$1.7 million
  8. Lockheed Martin Corp. LMT$1.6 million

and 15 more in the table below

Added to 16

  1. Regal Rexnord Corp. RRX+451,065 shares · +3688%
  2. Belden Inc. BDC+133,720 shares · +1441%
  3. Azenta, Inc. AZTA+271,552 shares · +1420%
  4. IPG Photonics Corp. IPGP+18,010 shares · +77%
  5. Pool Corp. POOL+9,620 shares · +40%
  6. Solstice Advanced Materials Inc. SOLS+23,295 shares · +451%
  7. Hudson Technologies Inc. HDSN+242,354 shares · +421%
  8. Fiserv Inc. FISV+28,185 shares · +369%

and 8 more in the table below

Trimmed 34

  1. Marvell Technology, Inc. MRVL-108,215 shares · -95%
  2. ACM Research, Inc. ACMR-161,185 shares · -72%
  3. Legence Corp. LGN-94,198 shares · -89%
  4. Adtran Holdings Inc. ADTN-481,491 shares · -87%
  5. Telephone & Data Systems Inc. TDS-134,208 shares · -45%
  6. Stride, Inc. LRN-28,106 shares · -49%
  7. ON Semiconductor Corp. ON-22,615 shares · -61%
  8. Madison Square Garden Entertainment Corp. MSGE-25,005 shares · -80%

and 26 more in the table below

Sold out of 21

  1. Intel Corp. INTC$2.7 million last quarter
  2. ICON plc ICLR$1.7 million last quarter
  3. Chemours Co. CC$1.2 million last quarter
  4. EQT Corp. EQT$867,413 last quarter
  5. Novanta Inc. NOVT$805,510 last quarter
  6. Super Micro Computer, Inc. SMCI$804,578 last quarter
  7. Obsidian Energy OBE$796,473 last quarter
  8. Payoneer Global Inc. PAYO$786,445 last quarter

What it holds

CompanySharesValueOf its bookChange in shares
Regal Rexnord Corp. RRX463.3K$110.4 million27.64%+451.1K
Visa Inc. V50.0K$17.2 million4.30%no change
Belden Inc. BDC143.0K$17.1 million4.30%+133.7K
MercadoLibre, Inc. MELI8.7K$14.8 million3.71%no change
Amazon.com Inc. AMZN55.9K$13.3 million3.34%-2.9K
Sotera Health Co. SHC599.2K$10.6 million2.66%-8.4K
Alphabet Inc. GOOGL25.4K$9.1 million2.27%-4.0K
Skyworks Solutions, Inc. SWKS123.3K$8.4 million2.09%-3.6K
ACM Research, Inc. ACMR62.6K$7.9 million1.99%-161.2K
Azenta, Inc. AZTA290.7K$7.4 million1.86%+271.6K
U Haul Holding Company UHALB127.2K$7.3 million1.84%no change
Pool Corp. POOL33.8K$7.3 million1.82%+9.6K
Sysco Corp. SYY83.5K$7.0 million1.75%no change
Forgent Power Solutions Inc FPS116.6K$6.5 million1.63%new
Akamai Technologies Inc. AKAM52.0K$6.1 million1.54%new
Telephone & Data Systems Inc. TDS163.8K$6.1 million1.52%-134.2K
Union Pacific Corp. UNP19.0K$5.2 million1.29%-1.1K
IPG Photonics Corp. IPGP41.5K$4.9 million1.22%+18.0K
DoubleVerify Holdings, Inc. DV398.4K$4.3 million1.08%no change
Illumina, Inc. ILMN22.1K$3.9 million0.97%new
Cenovus Energy Inc. CVE141.3K$3.5 million0.88%+30.4K
Amrize Ltd. AMRZ64.7K$3.4 million0.86%+3.0K
Eaton Corp. plc ETN7.8K$3.3 million0.83%+740
Synopsys Inc. SNPS7.5K$3.3 million0.83%-2.8K
Kenvue Inc. KVUE170.8K$3.3 million0.82%no change
Maplebear Inc. CART65.1K$3.1 million0.77%-28.9K
Zoetis Inc. ZTS42.0K$3.0 million0.76%new
Microsoft Corp. MSFT8.1K$3.0 million0.75%-4.3K
Diageo plc DEO34.2K$2.8 million0.69%no change
Zoom Communications, Inc. ZM31.9K$2.8 million0.69%-14.8K
Grupo Cibest American Depositary S CIB33.8K$2.7 million0.67%-5.9K
Adeia Inc. ADEA77.1K$2.5 million0.64%+6.2K
Nokia Corporation NOK191.0K$2.5 million0.64%-92.9K
Solstice Advanced Materials Inc. SOLS28.5K$2.5 million0.63%+23.3K
Stride, Inc. LRN29.0K$2.5 million0.63%-28.1K
Appfolio Inc. APPF13.9K$2.2 million0.56%-8.4K
SPDR Gold Trust GLD6.0K$2.2 million0.55%new
UnitedHealth Group Inc. UNH5.1K$2.1 million0.53%-3.7K
lululemon athletica Inc. LULU16.9K$1.9 million0.48%new
Dynatrace, Inc. DT42.2K$1.9 million0.46%+18.3K
Petróleo Brasileiro S.A. (Petrobras) PBR111.1K$1.8 million0.45%no change
Fiserv Inc. FISV35.8K$1.8 million0.44%+28.2K
Establishment Labs Holdings Inc. ESTA20.4K$1.7 million0.44%new
Cactus, Inc. WHD33.8K$1.7 million0.43%+6.0K
Hudson Technologies Inc. HDSN300.0K$1.7 million0.43%+242.4K
Westinghouse Air Brake Technologies Corp. WAB6.4K$1.7 million0.43%-565
Marvell Technology, Inc. MRVL5.6K$1.7 million0.42%-108.2K
Lockheed Martin Corp. LMT3.2K$1.6 million0.41%new
Endava PLC DAVA567.4K$1.6 million0.40%no change
Limbach Hldgs Inc. LMB20.5K$1.6 million0.40%new
Bank of America Corp. BAC26.7K$1.5 million0.38%no change
Atkore Inc. ATKR19.8K$1.5 million0.38%-8.2K
RB Global Inc. RBA12.9K$1.5 million0.38%no change
PayPal Holdings, Inc. PYPL33.9K$1.5 million0.37%-2.9K
APi Group Corp. APG32.8K$1.4 million0.35%new
Kimberly Clark Corp. KMB12.6K$1.4 million0.35%no change
ON Semiconductor Corp. ON14.6K$1.4 million0.35%-22.6K
Klaviyo, Inc. KVYO91.1K$1.4 million0.34%new
Uber Technologies, Inc. UBER19.0K$1.4 million0.34%no change
Nordson Corp. NDSN4.5K$1.4 million0.34%no change
Sensata Technologies Holding plc ST28.3K$1.4 million0.34%new
Henry Schein Inc. HSIC16.0K$1.3 million0.34%no change
St. Joe Co. JOE20.6K$1.3 million0.32%-3.4K
Cpi Card Group Inc. PMTS60.8K$1.3 million0.32%no change
Amentum Holdings, Inc. AMTM59.8K$1.2 million0.31%+30.7K
Schmid Group N.V. SHMD193.5K$1.2 million0.30%new
Gitlab Inc. GTLB39.4K$1.2 million0.30%-29.6K
Wise Group PLC Ord SHS Class A WSE100.0K$1.2 million0.30%new
Kaspi KZ JSC KSPI13.7K$1.2 million0.30%no change
Hubspot Inc. HUBS6.1K$1.1 million0.28%new
Canadian Natural Resources Limited CNQ27.5K$1.1 million0.27%-45.6K
Snap Inc. SNAP234.8K$1.0 million0.26%-48.1K
Legence Corp. LGN11.7K$999,0660.25%-94.2K
Griffon Corp. GFF10.2K$996,7570.25%-6.4K
Adtran Holdings Inc. ADTN70.5K$980,2140.25%-481.5K
Power Solutions PSIX25.2K$979,0560.25%+13.5K
Ecopetrol S A EC67.6K$961,9830.24%no change
NetApp, Inc. NTAP5.7K$882,2870.22%-3.7K
Fox Factory Holding Corp. FOXF51.2K$867,0080.22%no change
Mosaic Co. MOS39.9K$846,3290.21%no change
U-Haul Holding Co. UHAL12.7K$832,0040.21%no change
Figma, Inc. FIG45.5K$823,5470.21%new
T-Mobile US, Inc. TMUS4.8K$810,9750.20%new
Lensar Inc. LNSR139.4K$795,9170.20%no change
Cameco Corp. CCJ7.5K$767,5150.19%no change
Coupang, Inc. CPNG43.7K$758,9470.19%-106.6K
Booz Allen Hamilton Holding Corp. BAH12.4K$753,6430.19%no change
Rci Hospitality Hldgs Inc. RICK27.3K$744,5520.19%no change
Sea Limited SE7.4K$707,2250.18%no change
Liberty Global Ltd. LBTYA60.6K$689,4770.17%no change
Kraft Heinz Co. KHC28.7K$678,9570.17%no change
Acv Auctions Inc. ACVA91.1K$654,8290.16%no change
Core Scientific, Inc. CORZ25.2K$645,3800.16%new
Freshworks Inc. FRSH62.2K$629,7170.16%no change
Madison Square Garden Entertainment Corp. MSGE6.1K$490,5170.12%-25.0K
Cronos Group Inc. CRON171.9K$477,8430.12%no change
Flowers Foods Inc. FLO56.1K$442,9140.11%no change
Verra Mobility Corp. VRRM100.7K$427,8520.11%new
O-I Glass, Inc. OI39.9K$383,8040.10%no change
Grupo Aval Acciones Y Valore AVAL75.0K$377,2500.09%no change
Root, Inc. ROOT6.7K$371,8680.09%-180
Cryoport Inc. CYRX22.6K$354,8990.09%new
Occidental Petroleum Corp. OXY7.0K$342,4190.09%no change
Suncor Energy Inc. SU6.0K$323,8290.08%-10.5K
Procore Technologies, Inc. PCOR7.8K$315,2110.08%new
Reddit, Inc. RDDT1.7K$297,6900.07%no change
Nexgen Energy Ltd NXE30.2K$283,2050.07%no change
Denison Mines Corp. DNN86.8K$265,6080.07%no change
Fiverr Intl Ltd FVRR24.4K$252,0660.06%-12.0K
Ecovyst Inc. ECVT20.0K$249,0000.06%no change
Warner Music Group Corp. WMG8.7K$236,4560.06%no change
Rigetti Computing, Inc. RGTI10.3K$198,1650.05%new
Carparts Com Inc. PRTS25.2K$162,6040.04%new
Terra Innovatum Global NV NKLR13.6K$66,9120.02%no change
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
Read moreChange is shares against its 13F for the quarter before; the 21 it sold out of are in the box above.