Kerrisdale Advisers, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Kerrisdale Advisers, LLC reported 93 stock positions worth $319.5 million. Its top holding was Sysco (SYY) at 9.5% of the portfolio, followed by Visa Class A (V, 6.4%) and Noble (NE, 4.8%). Compared with Q1 2024, it opened 14 new positions, sold out of 8, added to 20 and reduced 31. The biggest buy was Sysco (SYY, shares +85%) and the biggest sale Wabtec (WAB, shares −45%).

Most Recent 13F
Q2 2026
Location
Miami, FL
CIK
0001569688
Portfolio Value
$319.5M (Q2 2024)
SEC Filing
0001172661-24-003455 ↗ filed Aug 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $318.3M Q1 2024 Q2 2024: $319.5M $319.5M Q2 2024 Q3 2024: $294.1M Q3 2024 Q4 2024: $296.0M Q4 2024 Q1 2025: $239.0M Q1 2025 Q2 2025: $191.7M Q2 2025 Q3 2025: $192.9M Q3 2025 Q4 2025: $212.3M Q4 2025 Q1 2026: $262.7M Q1 2026 Q2 2026: $399.2M Q2 2026

Holdings 93 stocks · $319.5M
SYY Sysco Corp. 9.50% 425,382 $30.4M Add +85.4%
V Visa Inc. Class A 6.37% 77,559 $20.4M Reduce -4.5%
NE Noble Corp. PLC 4.80% 343,255 $15.3M Reduce -12.7%
DEO Diageo PLC-Sponsored ADR 4.67% 118,449 $14.9M Add +9.7%
GOOGL Alphabet Inc. Class A 4.63% 81,292 $14.8M Reduce -11.1%
SHC Sotera Health Co. 3.60% 967,914 $11.5M No change
STX Seagate Technology Holdings 2.96% 91,440 $9.4M Add +28.7%
WAB Wabtec Corp. 2.89% 58,406 $9.2M Reduce -45.1%
VAL Valaris Ltd. 2.69% 115,179 $8.6M Reduce -25.7%
AMZN Amazon.com Inc. 2.33% 38,543 $7.4M Add +64.2%
CSX CSX Corp. 2.32% 221,940 $7.4M No change
AON Aon PLC Class A 2.24% 24,382 $7.2M Reduce -24.9%
MSFT Microsoft Corp. 2.05% 14,655 $6.6M No change
UNP Union Pacific Corp. 1.96% 27,672 $6.3M Reduce -3.5%
ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN 1.93% 104,029 $6.2M Add +1.5%
DAVA Endava PLC- Spon ADR 1.89% 206,129 $6.0M Add +252.3%
BANCOLOMBIA S.A.-SPONS ADR 1.87% 183,390 $6.0M Reduce -9.8%
BABA Alibaba Group Holding-SP ADR 1.75% 77,586 $5.6M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.68% 135,254 $5.4M Reduce -27.8%
MSGE Madison Square Garden Entert 1.67% 155,468 $5.3M Reduce -17.9%
IMXI International Money Express 1.64% 251,813 $5.2M Reduce -2.9%
SPGI S&P Global Inc. 1.61% 11,503 $5.1M Reduce -5.3%
NOC Northrop Grumman Corp. 1.57% 11,488 $5.0M Reduce -8.7%
PMTS Cpi Card Group Inc. 1.36% 159,122 $4.3M Reduce -17.6%
CRM Salesforce Inc. 1.34% 16,651 $4.3M Add +28.5%
KFY Korn Ferry 1.23% 58,700 $3.9M Reduce -21.1%
ARKB ARK 21SHARES Bitcoin ETF 1.20% 64,087 $3.8M New
MCO Moody's Corp. 1.16% 8,793 $3.7M Reduce -9.1%
EPAM Epam Systems Inc. 1.14% 19,324 $3.6M Add +576.1%
MOS The Mosaic Co. 1.13% 124,620 $3.6M No change
KNX Knight-Swift Transportation 1.08% 69,157 $3.5M Add +3.2%
UHAL.B U-Haul Holding Co.-Non Voting 1.04% 55,241 $3.3M No change
MELI MercadoLibre Inc. 1.03% 2,010 $3.3M New
GTX Garrett Motion Inc. 0.98% 362,726 $3.1M Add +3.8%
DE Deere & Co. 0.94% 8,024 $3.0M Reduce -5.3%
BITB Bitwise Bitcoin ETF 0.90% 87,983 $2.9M New
DBX Dropbox Inc. Class A 0.79% 111,915 $2.5M Add +66.5%
TMUS T-Mobile US Inc. 0.78% 14,085 $2.5M No change
JOE The St Joe Co. 0.65% 37,803 $2.1M No change
GTM Zoominfo Technologies Inc. 0.65% 161,830 $2.1M Add +490.8%
CRL Charles River Laboratories 0.63% 9,780 $2.0M Reduce -11.1%
FOXF Fox Factory Holding Corp. 0.61% 40,494 $2.0M Add +111.2%
PNC PNC Financial Services Group 0.61% 12,455 $1.9M Reduce -21.4%
LRCX Lam Research Corp. 0.58% 1,737 $1.8M Add +11.9%
TWKS Thoughtworks Holding Inc. 0.57% 641,170 $1.8M Add +5.3%
BA The Boeing Co. 0.57% 9,990 $1.8M Add +6.0%
USB US Bancorp 0.52% 41,471 $1.6M No change
WFC Wells Fargo & Co. 0.51% 27,696 $1.6M No change
HSIC Henry Schein Inc. 0.51% 25,496 $1.6M Add +22.3%
PBR Petroleo Brasileiro-Spon ADR 0.50% 111,126 $1.6M Add +11.1%
CRH CRH PLC 0.50% 21,236 $1.6M Reduce -33.4%
NSC Norfolk Southern Corp. 0.44% 6,578 $1.4M No change
JD Jd.com Inc.-ADR 0.39% 48,165 $1.2M No change
FBTC Fidelity Wise Origin Bitcoin 0.35% 21,102 $1.1M New
UNH Unitedhealth Group Inc. 0.34% 2,117 $1.1M Reduce -45.4%
CRON Cronos Group Inc. 0.33% 458,247 $1.1M Reduce -1.3%
NMM Navios Maritime Partners LP 0.31% 19,420 $991K New
PERI Perion Network Ltd. 0.31% 118,523 $990K New
NXE Nexgen Energy Ltd. 0.30% 136,783 $954K No change
LH Labcorp Holdings Inc. 0.28% 4,369 $889K No change
CCJ Cameco Corp. 0.26% 17,065 $840K No change
CBRE CBRE Group Inc. Class A 0.26% 9,202 $820K Reduce -46.3%
UHAL U-Haul Holding Co. 0.25% 12,714 $785K No change
EC Ecopetrol SA-Sponsored ADR 0.24% 67,555 $756K Reduce -10.9%
VMEO Vimeo Inc. 0.24% 201,600 $752K New
ATKR Atkore Inc. 0.23% 5,540 $748K Reduce -10.3%
UBER Uber Technologies Inc. 0.23% 10,245 $745K New
ASML ASML Holding NV-NY Reg SHS 0.22% 699 $715K Reduce -45.6%
OBE Obsidian Energy Ltd. 0.20% 84,060 $629K Reduce -6.6%
KEYS Keysight Technologies Inc. 0.18% 4,263 $583K No change
TTI Tetra Technologies Inc. 0.18% 168,182 $582K New
DOCU Docusign Inc. 0.18% 10,655 $570K No change
WMG Warner Music Group Corp. Class A 0.18% 18,530 $568K Add +22.4%
HDSN Hudson Technologies Inc. 0.16% 57,900 $509K New
INTC Intel Corp. 0.16% 16,235 $503K New
ROKU Roku Inc. 0.15% 8,250 $494K Add +25.8%
SLGN Silgan Holdings Inc. 0.15% 11,545 $489K Reduce -51.4%
CDMO Avid Bioservices Inc. 0.14% 62,306 $445K No change
OXY Occidental Petroleum Corp. 0.14% 7,050 $444K No change
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.13% 6,095 $400K No change
LESLIES INC 0.12% 90,070 $377K New
FIGS Figs Inc. Class A 0.12% 69,157 $369K No change
VTLE Vital Energy Inc. 0.09% 6,591 $295K Reduce -37.2%
AMAT Applied Materials Inc. 0.09% 1,215 $287K No change
PRTS Carparts.com Inc. 0.09% 271,575 $272K New
WB Weibo Corp.-Spon ADR 0.08% 34,826 $267K No change
TIGR Up Fintech Holding Ltd. - ADR 0.08% 58,325 $245K No change
RCMT RCM Technologies Inc. 0.07% 11,737 $220K No change
ADBE Adobe Inc. 0.07% 375 $208K New
DNN Denison Mines Corp. 0.05% 86,800 $173K Reduce -5.8%
AVAL Grupo Aval Acciones Y Valore 0.05% 75,000 $164K No change
LEE Lee Enterprises 0.05% 13,763 $153K No change
CUTRQ Cutera Inc. 0.04% 84,205 $127K Reduce -20.5%

Portfolio Sells Q1 2024 → Q2 2024
WAB Wabtec Corp. Reduce -45.1% 2.89% −1.98
NE Noble Corp. PLC Reduce -12.7% 4.80% −1.19
AON Aon PLC Class A Reduce -24.9% 2.24% −1.16
VAL Valaris Ltd. Reduce -25.7% 2.69% −0.98
SMG Scotts Miracle-Gro Co. Sold out 0.00% −0.82
V Visa Inc. Class A Reduce -4.5% 6.37% −0.75
MSGE Madison Square Garden Entert Reduce -17.9% 1.67% −0.67
BAC Bank of America Corp. Reduce -27.8% 1.68% −0.55
BALL Ball Corp. Sold out 0.00% −0.54
PYPL PayPal Holdings Inc. Sold out 0.00% −0.43
CRH CRH PLC Reduce -33.4% 0.50% −0.37
NOC Northrop Grumman Corp. Reduce -8.7% 1.57% −0.32
BANCOLOMBIA S.A.-SPONS ADR Reduce -9.8% 1.87% −0.31
CRL Charles River Laboratories Reduce -11.1% 0.63% −0.30
KFY Korn Ferry Reduce -21.1% 1.23% −0.30
CBRE CBRE Group Inc. Class A Reduce -46.3% 0.26% −0.27
UNH Unitedhealth Group Inc. Reduce -45.4% 0.34% −0.26
UNP Union Pacific Corp. Reduce -3.5% 1.96% −0.26
PAYO Payoneer Global Inc. Sold out 0.00% −0.24
IMXI International Money Express Reduce -2.9% 1.64% −0.22
SLGN Silgan Holdings Inc. Reduce -51.4% 0.15% −0.21
PNC PNC Financial Services Group Reduce -21.4% 0.61% −0.20
ASML ASML Holding NV-NY Reg SHS Reduce -45.6% 0.22% −0.17
DE Deere & Co. Reduce -5.3% 0.94% −0.16
NTES Netease Inc.-ADR Sold out 0.00% −0.14
ATKR Atkore Inc. Reduce -10.3% 0.23% −0.14
KWEB Kranesh Csi China Internet Sold out 0.00% −0.13
ATR Aptargroup Inc. Sold out 0.00% −0.10
VTLE Vital Energy Inc. Reduce -37.2% 0.09% −0.08
GPGI Gpgi Inc. Sold out 0.00% −0.07
CRON Cronos Group Inc. Reduce -1.3% 0.33% −0.05
EC Ecopetrol SA-Sponsored ADR Reduce -10.9% 0.24% −0.05
MCO Moody's Corp. Reduce -9.1% 1.16% −0.04
OBE Obsidian Energy Ltd. Reduce -6.6% 0.20% −0.04
SPGI S&P Global Inc. Reduce -5.3% 1.61% −0.02
CUTRQ Cutera Inc. Reduce -20.5% 0.04% −0.01
DNN Denison Mines Corp. Reduce -5.8% 0.05% −0.00
PMTS Cpi Card Group Inc. Reduce -17.6% 1.36% +0.27
GOOGL Alphabet Inc. Class A Reduce -11.1% 4.63% +0.30

Portfolio Buys Q1 2024 → Q2 2024
SYY Sysco Corp. Add +85.4% 9.50% +3.65
ARKB ARK 21SHARES Bitcoin ETF New 1.20% +1.20
DAVA Endava PLC- Spon ADR Add +252.3% 1.89% +1.19
MELI MercadoLibre Inc. New 1.03% +1.03
AMZN Amazon.com Inc. Add +64.2% 2.33% +1.00
BITB Bitwise Bitcoin ETF New 0.90% +0.90
EPAM Epam Systems Inc. Add +576.1% 1.14% +0.89
STX Seagate Technology Holdings Add +28.7% 2.96% +0.88
GTM Zoominfo Technologies Inc. Add +490.8% 0.65% +0.51
FBTC Fidelity Wise Origin Bitcoin New 0.35% +0.35
NMM Navios Maritime Partners LP New 0.31% +0.31
PERI Perion Network Ltd. New 0.31% +0.31
FOXF Fox Factory Holding Corp. Add +111.2% 0.61% +0.30
DBX Dropbox Inc. Class A Add +66.5% 0.79% +0.27
VMEO Vimeo Inc. New 0.24% +0.24
UBER Uber Technologies Inc. New 0.23% +0.23
TTI Tetra Technologies Inc. New 0.18% +0.18
HDSN Hudson Technologies Inc. New 0.16% +0.16
INTC Intel Corp. New 0.16% +0.16
LESLIES INC New 0.12% +0.12
CRM Salesforce Inc. Add +28.5% 1.34% +0.11
LRCX Lam Research Corp. Add +11.9% 0.58% +0.10
TWKS Thoughtworks Holding Inc. Add +5.3% 0.57% +0.09
PRTS Carparts.com Inc. New 0.09% +0.09
ADBE Adobe Inc. New 0.07% +0.07
PBR Petroleo Brasileiro-Spon ADR Add +11.1% 0.50% +0.03
WMG Warner Music Group Corp. Class A Add +22.4% 0.18% +0.02
ROKU Roku Inc. Add +25.8% 0.15% +0.02
HSIC Henry Schein Inc. Add +22.3% 0.51% +0.02
BA The Boeing Co. Add +6.0% 0.57% −0.00
KNX Knight-Swift Transportation Add +3.2% 1.08% −0.08
GTX Garrett Motion Inc. Add +3.8% 0.98% −0.12
ZM Zoom Communications Inc. Add +1.5% 1.93% −0.18
DEO Diageo PLC-Sponsored ADR Add +9.7% 4.67% −0.37

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 114$399.2MRRX, V, BDC, MELI, AMZN
Q1 2026 112$262.7MV, MELI, TDS, AMZN, MRVL
Q4 2025 76$212.3MTDS, MELI, SYY, V, ACMR
Q3 2025 75$192.9MV, SHC, MELI, NE, AMZN
Q2 2025 66$191.7MSTX, UNH, MELI, V, NE
Q1 2025 81$239.0MSTX, V, MELI, DEO, AMZN
Q4 2024 86$296.0MACMR, SYY, V, DEO, GOOGL
Q3 2024 97$294.1MSYY, V, DEO, GOOGL, SHC
Q2 2024 93$319.5MSYY, V, NE, DEO, GOOGL
Q1 2024 87$318.3MV, NE, SYY, DEO, WAB