Kerrisdale Advisers, LLC
Sector Allocation
- Industrials37.1%$148.0M
- Technology20.7%$82.7M
- Consumer Discretionary14.6%$58.4M
- Financials7.1%$28.2M
- Healthcare6.8%$27.2M
- Materials6.1%$24.5M
- Communication Services3.0%$12.1M
- Energy2.4%$9.7M
- Consumer Staples1.8%$7.1M
- Real Estate0.3%$1.3M
AUM History
13fpro.ai/research/fund/kerrisdale-advisers-llc-1569688
Conviction and streaks
Concentrating · top 10 = 54.2%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
RRX
$110.4MV
$17.2MBDC
$17.1MMELI
$14.8MAMZN
$13.3MSHC
$10.6MGOOGL
$9.1MSWKS
$8.4MACMR
$7.9MAZTA
$7.4MUHAL
$7.3MPOOL
$7.3MSYY
$7.0MFPS
$6.5MAKAM
$6.1MTDS
$6.1MUNP
$5.2MIPGP
$4.9MDV
$4.3MILMN
$3.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/kerrisdale-advisers-llc-1569688
Kerrisdale Advisers, LLC 13F holdings — Q2 2026
$399.2M portfolio (+52.0% QoQ) · 114 holdings · Q2 2026 13F · top 10 are 54% of the stock portfolio
$110.4M
27.6% of stocks
+3688%This quarter-9.8%Since filed2 qtrsHeldAIQuality52.5#1,469Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$17.2M
4.3% of stocks
No changeThis quarter+10.4%Since filed10+ qtrsHeld$17.1M
4.3% of stocks
+1441%This quarter-20.9%Since filed2 qtrsHeld$14.8M
3.7% of stocks
No changeThis quarter-8.9%Since filed9 qtrsHeld$13.3M
3.3% of stocks
-5%This quarter-3.6%Since filed10+ qtrsHeld$10.6M
2.7% of stocks
-1%This quarter-2.1%Since filed10+ qtrsHeld$9.1M
2.3% of stocks
-14%This quarter-7.8%Since filed10+ qtrsHeld$8.4M
2.1% of stocks
-3%This quarter+22.8%Since filed2 qtrsHeld$7.9M
2.0% of stocks
-72%This quarter-35.4%Since filed8 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$7.4M
1.9% of stocks
+1420%This quarter+17.1%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row
All holdings — Kerrisdale Advisers, LLC (Q2 2026)
114 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | U-Haul Holding Co /NV/ | Consumer Discretionary | $7.3M | 1.8% | 127K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | POOL CORP | Consumer Discretionary | $7.3M | 1.8% | 34K | +40% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | SYSCO CORP | Consumer Discretionary | $7.0M | 1.8% | 83K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Forgent Power Solutions, Inc. | Technology | $6.5M | 1.6% | 117K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | AKAMAI TECHNOLOGIES INC | Industrials | $6.1M | 1.5% | 52K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | TELEPHONE & DATA SYSTEMS INC /DE/ | Communication Services | $6.1M | 1.5% | 164K | -45% | 3 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | UNION PACIFIC CORP | Industrials | $5.2M | 1.3% | 19K | -6% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | IPG PHOTONICS CORP | Technology | $4.9M | 1.2% | 41K | +77% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | DoubleVerify Holdings, Inc. | Technology | $4.3M | 1.1% | 398K | — | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | ILLUMINA, INC. | Healthcare | $3.9M | 1.0% | 22K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | CENOVUS ENERGY INC. | Energy | $3.5M | 0.9% | 141K | +27% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Amrize Ltd | Materials | $3.4M | 0.9% | 65K | +5% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Eaton Corp plc | Industrials | $3.3M | 0.8% | 7,817 | +10% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | SYNOPSYS INC | Technology | $3.3M | 0.8% | 7,466 | -27% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Kenvue Inc. | Consumer Staples | $3.3M | 0.8% | 171K | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $CART | Maplebear Inc. | Industrials | $3.1M | 0.8% | 65K | -31% | |||
| 27 | $ZTS | Zoetis Inc. | Healthcare | $3.0M | 0.8% | 42K | New | |||
| 28 | $MSFT | MICROSOFT CORP | Technology | $3.0M | 0.8% | 8,062 | -35% | |||
| 29 | $DEO | DIAGEO PLC | Consumer Staples | $2.8M | 0.7% | 34K | — | |||
| 30 | $ZM | Zoom Communications, Inc. | Technology | $2.8M | 0.7% | 32K | -32% | |||
| 31 | $CIB | Grupo Cibest S.A. | Financials | $2.7M | 0.7% | 34K | -15% | |||
| 32 | $ADEA | Adeia Inc. | Communication Services | $2.5M | 0.6% | 77K | +9% | |||
| 33 | $NOK | NOKIA CORP | Technology | $2.5M | 0.6% | 191K | -33% | |||
| 34 | $SOLS | Solstice Advanced Materials Inc. | Healthcare | $2.5M | 0.6% | 28K | +451% | |||
| 35 | $LRN | Stride, Inc. | Consumer Discretionary | $2.5M | 0.6% | 29K | -49% | |||
| 36 | $APPF | APPFOLIO INC | Technology | $2.2M | 0.6% | 14K | -38% | |||
| 37 | $GLD | SPDR GOLD TRUST | Financials | $2.2M | 0.6% | 5,950 | New | |||
| 38 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $2.1M | 0.5% | 5,131 | -42% | |||
| 39 | $LULU | lululemon athletica inc. | Consumer Discretionary | $1.9M | 0.5% | 17K | New | |||
| 40 | $DT | Dynatrace, Inc. | Technology | $1.9M | 0.5% | 42K | +76% | |||
| 41 | $PBR | PETROBRAS - PETROLEO BRASILEIRO SA | Energy | $1.8M | 0.5% | 111K | — | |||
| 42 | $FISV | FISERV INC | Financials | $1.8M | 0.4% | 36K | +369% | |||
| 43 | $ESTA | ESTABLISHMENT LABS HOLDINGS INC. | Healthcare | $1.7M | 0.4% | 20K | New | |||
| 44 | $WHD | Cactus, Inc. | Energy | $1.7M | 0.4% | 34K | +22% | |||
| 45 | $HDSN | HUDSON TECHNOLOGIES INC /NY | Consumer Discretionary | $1.7M | 0.4% | 300K | +421% | |||
| 46 | $WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | $1.7M | 0.4% | 6,360 | -8% | |||
| 47 | $MRVL | Marvell Technology, Inc. | Technology | $1.7M | 0.4% | 5,636 | -95% | |||
| 48 | $LMT | LOCKHEED MARTIN CORP | Industrials | $1.6M | 0.4% | 3,180 | New | |||
| 49 | $DAVA | Endava plc | Technology | $1.6M | 0.4% | 567K | — | |||
| 50 | $LMB | Limbach Holdings, Inc. | Industrials | $1.6M | 0.4% | 21K | New | |||
| 51 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $1.5M | 0.4% | 27K | — | |||
| 52 | $ATKR | Atkore Inc. | Technology | $1.5M | 0.4% | 20K | -29% | |||
| 53 | $RBA | RB GLOBAL INC. | Industrials | $1.5M | 0.4% | 13K | — | |||
| 54 | $PYPL | PayPal Holdings, Inc. | Financials | $1.5M | 0.4% | 34K | -8% | |||
| 55 | $APG | APi Group Corp | Industrials | $1.4M | 0.3% | 33K | New | |||
| 56 | $KMB | KIMBERLY CLARK CORP | Materials | $1.4M | 0.3% | 13K | — | |||
| 57 | $ON | ON SEMICONDUCTOR CORP | Technology | $1.4M | 0.3% | 15K | -61% | |||
| 58 | $KVYO | Klaviyo, Inc. | Technology | $1.4M | 0.3% | 91K | New | |||
| 59 | $UBER | Uber Technologies, Inc | Technology | $1.4M | 0.3% | 19K | — | |||
| 60 | $NDSN | NORDSON CORP | Industrials | $1.4M | 0.3% | 4,530 | — | |||
| 61 | $ST | Sensata Technologies Holding plc | Technology | $1.4M | 0.3% | 28K | New | |||
| 62 | $HSIC | HENRY SCHEIN INC | Healthcare | $1.3M | 0.3% | 16K | — | |||
| 63 | $JOE | ST JOE Co | Real Estate | $1.3M | 0.3% | 21K | -14% | |||
| 64 | $PMTS | CPI Card Group Inc. | Communication Services | $1.3M | 0.3% | 61K | — | |||
| 65 | $AMTM | Amentum Holdings, Inc. | Industrials | $1.2M | 0.3% | 60K | +105% | |||
| 66 | $SHMD | SCHMID Group N.V. | Industrials | $1.2M | 0.3% | 194K | New | |||
| 67 | $GTLB | Gitlab Inc. | Technology | $1.2M | 0.3% | 39K | -43% | |||
| 68 | $WSE | Wise Group plc | Industrials | $1.2M | 0.3% | 100K | New | |||
| 69 | $KSPI | Joint Stock Co Kaspi.kz | Industrials | $1.2M | 0.3% | 14K | — | |||
| 70 | $HUBS | HUBSPOT INC | Technology | $1.1M | 0.3% | 6,085 | New | |||
| 71 | $CNQ | CANADIAN NATURAL RESOURCES Ltd | Energy | $1.1M | 0.3% | 28K | -62% | |||
| 72 | $SNAP | Snap Inc | Technology | $1.0M | 0.3% | 235K | -17% | |||
| 73 | $LGN | Legence Corp. | Industrials | $999K | 0.3% | 12K | -89% | |||
| 74 | $GFF | GRIFFON CORP | Industrials | $997K | 0.3% | 10K | -39% | |||
| 75 | $ADTN | ADTRAN Holdings, Inc. | Technology | $980K | 0.3% | 71K | -87% | |||
| 76 | $PSIX | POWER SOLUTIONS INTERNATIONAL, INC. | Industrials | $979K | 0.3% | 25K | +116% | |||
| 77 | $EC | ECOPETROL S.A. | Energy | $962K | 0.2% | 68K | — | |||
| 78 | $NTAP | NetApp, Inc. | Technology | $882K | 0.2% | 5,701 | -39% | |||
| 79 | $FOXF | FOX FACTORY HOLDING CORP | Industrials | $867K | 0.2% | 51K | — | |||
| 80 | $MOS | MOSAIC CO | Materials | $846K | 0.2% | 40K | — | |||
| 81 | $UHAL | U-Haul Holding Co /NV/ | Consumer Discretionary | $832K | 0.2% | 13K | — | |||
| 82 | $FIG | Figma, Inc. | Technology | $824K | 0.2% | 46K | New | |||
| 83 | $TMUS | T-Mobile US, Inc. | Communication Services | $811K | 0.2% | 4,835 | New | |||
| 84 | $LNSR | LENSAR, Inc. | Healthcare | $796K | 0.2% | 139K | — | |||
| 85 | $CCJ | CAMECO CORP | Materials | $768K | 0.2% | 7,535 | — | |||
| 86 | $CPNG | Coupang, Inc. | Consumer Discretionary | $759K | 0.2% | 44K | -71% | |||
| 87 | $BAH | Booz Allen Hamilton Holding Corp | Technology | $754K | 0.2% | 12K | — | |||
| 88 | $RICK | RCI HOSPITALITY HOLDINGS, INC. | Consumer Discretionary | $745K | 0.2% | 27K | — | |||
| 89 | $SE | Sea Ltd | Industrials | $707K | 0.2% | 7,380 | — | |||
| 90 | $LBTYA | Liberty Global Ltd. | Communication Services | $689K | 0.2% | 61K | — | |||
| 91 | $KHC | Kraft Heinz Co | Consumer Staples | $679K | 0.2% | 29K | — | |||
| 92 | $ACVA | ACV Auctions Inc. | Industrials | $655K | 0.2% | 91K | — | |||
| 93 | $CORZ | Core Scientific, Inc./tx | Financials | $645K | 0.2% | 25K | New | |||
| 94 | $FRSH | Freshworks Inc. | Technology | $630K | 0.2% | 62K | — | |||
| 95 | $MSGE | Madison Square Garden Entertainment Corp. | Communication Services | $491K | 0.1% | 6,064 | -80% | |||
| 96 | $CRON | Cronos Group Inc. | Healthcare | $478K | 0.1% | 172K | — | |||
| 97 | $FLO | FLOWERS FOODS INC | Consumer Staples | $443K | 0.1% | 56K | — | |||
| 98 | $VRRM | VERRA MOBILITY Corp | Industrials | $428K | 0.1% | 101K | New | |||
| 99 | $OI | O-I Glass, Inc. /DE/ | Materials | $384K | 0.1% | 40K | — | |||
| 100 | $AVAL | Grupo Aval Acciones Y Valores S.A. | Financials | $377K | 0.1% | 75K | — | |||
| 101 | $ROOT | Root, Inc. | Financials | $372K | 0.1% | 6,650 | -3% | |||
| 102 | $CYRX | Cryoport, Inc. | Healthcare | $355K | 0.1% | 23K | New | |||
| 103 | $OXY | OCCIDENTAL PETROLEUM CORP /DE/ | Energy | $342K | 0.1% | 7,050 | — | |||
| 104 | $SU | SUNCOR ENERGY INC | Energy | $324K | 0.1% | 6,025 | -64% | |||
| 105 | $PCOR | PROCORE TECHNOLOGIES, INC. | Technology | $315K | 0.1% | 7,760 | New | |||
| 106 | $RDDT | Reddit, Inc. | Technology | $298K | 0.1% | 1,715 | — | |||
| 107 | $NXE | NexGen Energy Ltd. | Materials | $283K | 0.1% | 30K | — | |||
| 108 | $DNN | DENISON MINES CORP. | Materials | $266K | 0.1% | 87K | — | |||
| 109 | $FVRR | Fiverr International Ltd. | Industrials | $252K | 0.1% | 24K | -33% | |||
| 110 | $ECVT | Ecovyst Inc. | Healthcare | $249K | 0.1% | 20K | — | |||
| 111 | $WMG | Warner Music Group Corp. | Communication Services | $236K | 0.1% | 8,735 | — | |||
| 112 | $RGTI | Rigetti Computing, Inc. | Technology | $198K | 0.1% | 10K | New | |||
| 113 | $PRTS | CarParts.com, Inc. | Consumer Discretionary | $163K | 0.0% | 25K | -90% | |||
| 114 | $NKLR | Terra Innovatum Global N.V. | Industrials | $67K | 0.0% | 14K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 22 new, 16 added to, 35 trimmed, 20 sold out. Share-count changes; largest moves by dollar size first.
New positions (22)
first bought this quarter
first bought this quarter
first bought this quarter
$ZTSZoetis Inc.$3.0M
first bought this quarter
$GLDSPDR GOLD TRUST$2.2M
first bought this quarter
$LULUlululemon athletica inc.$1.9M
first bought this quarter
+16 more in the Excel export
Added to (16)
now $110.4M · held 2 qtrs, 2 adds in a row
now $17.1M · held 2 qtrs, 2 adds in a row
now $7.4M · held 2 qtrs, 2 adds in a row
now $4.9M · held 2 qtrs, 2 adds in a row
now $7.3M · held 2 qtrs, 2 adds in a row
$SOLSSolstice Advanced Materials Inc.+451%
now $2.5M · held 2 qtrs, 2 adds in a row
+10 more in the Excel export
Trimmed (35)
$MRVLMarvell Technology, Inc.-95%
now $1.7M · held 2 qtrs
now $7.9M · held 8 qtrs, 2 trims in a row
$LGNLegence Corp.-89%
now $999K · held 3 qtrs
$ADTNADTRAN Holdings, Inc.-87%
now $980K · held 2 qtrs
now $6.1M · held 3 qtrs, 2 trims in a row
$LRNStride, Inc.-49%
now $2.5M · held 3 qtrs, 2 trims in a row
+29 more in the Excel export
Holdings by quarter
Every 13F Kerrisdale Advisers, LLC has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow Kerrisdale Advisers?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 27, 2026.
Average quality of Kerrisdale Advisers's top 20 holdings: 58/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
-8.5%
Value-weighted move of the 10 largest stock positions
Turnover
35%
Last quarter; 100% over the last 4
Top 10 weight
54%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
35%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Kerrisdale Advisers, LLC disclosed 114 positions worth $399.2M in its Form 13F-HR for Q2 2026, led by $RRX (REGAL REXNORD CORP) at 27.6% of the equity portfolio, followed by $V and $BDC. During the quarter the fund opened 22 new positions and exited 20 — including a new stake in $FPS and a full exit from $INTC. The portfolio is most concentrated in Industrials (37.1% of disclosed assets). All figures are sourced directly from Kerrisdale Advisers, LLC’s Form 13F-HR filing with the SEC under CIK 1569688.
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