Kerrisdale Advisers, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Kerrisdale Advisers, LLC reported 97 stock positions worth $294.1 million. Its top holding was Sysco (SYY) at 6.7% of the portfolio, followed by Visa Class A (V, 6.1%) and Diageo PLC-Sponsored ADR (DEO, 5.7%). Compared with Q2 2024, it opened 13 new positions, sold out of 9, added to 23 and reduced 35. The biggest buy was a new position in Acm Research Class A (ACMR) and the biggest sale Sysco (SYY, shares −41%).

Most Recent 13F
Q2 2026
Location
Miami, FL
CIK
0001569688
Portfolio Value
$294.1M (Q3 2024)
SEC Filing
0001172661-24-004881 ↗ filed Nov 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $318.3M Q1 2024 Q2 2024: $319.5M Q2 2024 Q3 2024: $294.1M $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 97 stocks · $294.1M
SYY Sysco Corp. 6.69% 251,926 $19.7M Reduce -40.8%
V Visa Inc. Class A 6.14% 65,710 $18.1M Reduce -15.3%
DEO Diageo PLC-Sponsored ADR 5.65% 118,449 $16.6M No change
GOOGL Alphabet Inc. Class A 4.58% 81,292 $13.5M No change
SHC Sotera Health Co. 4.52% 795,312 $13.3M Reduce -17.8%
NE Noble Corp. PLC 4.05% 329,985 $11.9M Reduce -3.9%
STX Seagate Technology Holdings 3.37% 90,520 $9.9M Reduce -1.0%
WAB Wabtec Corp. 3.12% 50,411 $9.2M Reduce -13.7%
AMZN Amazon.com Inc. 2.77% 43,703 $8.1M Add +13.4%
DAVA Endava PLC- Spon ADR 2.63% 303,161 $7.7M Add +47.1%
CSX CSX Corp. 2.61% 221,940 $7.7M No change
MELI MercadoLibre Inc. 2.37% 3,391 $7.0M Add +68.7%
MSFT Microsoft Corp. 2.36% 16,115 $6.9M Add +10.0%
BANCOLOMBIA S.A.-SPONS ADR 2.23% 208,590 $6.5M Add +13.7%
UNP Union Pacific Corp. 2.21% 26,402 $6.5M Reduce -4.6%
ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN 2.14% 90,234 $6.3M Reduce -13.3%
ACMR Acm Research Inc. Class A 2.07% 299,318 $6.1M New
BABA Alibaba Group Holding-SP ADR 2.02% 55,851 $5.9M Reduce -28.0%
CRM Salesforce Inc. 1.49% 16,041 $4.4M Reduce -3.7%
UHAL.B U-Haul Holding Co.-Non Voting 1.35% 55,241 $4.0M No change
DE Deere & Co. 1.35% 9,498 $4.0M Add +18.4%
VAL Valaris Ltd. 1.31% 69,105 $3.9M Reduce -40.0%
EPAM Epam Systems Inc. 1.31% 19,324 $3.8M No change
IMXI International Money Express 1.29% 204,753 $3.8M Reduce -18.7%
GTM Zoominfo Technologies Inc. 1.27% 363,295 $3.7M Add +124.5%
CLS Celestica Inc. 1.20% 69,305 $3.5M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.15% 85,129 $3.4M Reduce -37.1%
MSGE Madison Square Garden Entert 1.13% 77,946 $3.3M Reduce -49.9%
PMTS Cpi Card Group Inc. 1.11% 117,823 $3.3M Reduce -25.9%
DBX Dropbox Inc. Class A 0.93% 107,865 $2.7M Reduce -3.6%
KNX Knight-Swift Transportation 0.90% 49,072 $2.6M Reduce -29.0%
KFY Korn Ferry 0.90% 35,160 $2.6M Reduce -40.1%
LRCX Lam Research Corp. 0.85% 3,058 $2.5M Add +76.0%
JD Jd.com Inc.-ADR 0.83% 61,305 $2.5M Add +27.3%
GTX Garrett Motion Inc. 0.82% 294,602 $2.4M Reduce -18.8%
PNC PNC Financial Services Group 0.78% 12,455 $2.3M No change
WMG Warner Music Group Corp. Class A 0.71% 66,530 $2.1M Add +259.0%
HSIC Henry Schein Inc. 0.69% 27,761 $2.0M Add +8.9%
FBTC Fidelity Wise Origin Bitcoin 0.66% 35,172 $2.0M Add +66.7%
BA The Boeing Co. 0.66% 12,805 $1.9M Add +28.2%
MOS The Mosaic Co. 0.64% 70,580 $1.9M Reduce -43.4%
RTO Rentokil Initial PLC-SP ADR 0.63% 74,350 $1.9M New
AON Aon PLC Class A 0.62% 5,290 $1.8M Reduce -78.3%
SMCI Super Micro Computer Inc. 0.59% 4,165 $1.7M New
USB US Bancorp 0.59% 37,661 $1.7M Reduce -9.2%
NOC Northrop Grumman Corp. 0.55% 3,078 $1.6M Reduce -73.2%
PBR Petroleo Brasileiro-Spon ADR 0.54% 111,126 $1.6M No change
BITB Bitwise Bitcoin ETF 0.54% 45,548 $1.6M Reduce -48.2%
WFC Wells Fargo & Co. 0.53% 27,696 $1.6M No change
FOXF Fox Factory Holding Corp. 0.51% 36,434 $1.5M Reduce -10.0%
JOE The St Joe Co. 0.48% 23,990 $1.4M Reduce -36.5%
CRL Charles River Laboratories 0.44% 6,505 $1.3M Reduce -33.5%
ATKR Atkore Inc. 0.43% 14,985 $1.3M Add +170.5%
UNH Unitedhealth Group Inc. 0.42% 2,117 $1.2M No change
CCJ Cameco Corp. 0.41% 25,390 $1.2M Add +48.8%
SPGI S&P Global Inc. 0.38% 2,160 $1.1M Reduce -81.2%
DOCU Docusign Inc. 0.36% 17,015 $1.1M Add +59.7%
CRON Cronos Group Inc. 0.34% 458,247 $1.0M No change
NSC Norfolk Southern Corp. 0.34% 3,973 $987K Reduce -39.6%
MCO Moody's Corp. 0.34% 2,077 $986K Reduce -76.4%
UHAL U-Haul Holding Co. 0.33% 12,714 $985K No change
ARKB ARK 21SHARES Bitcoin ETF 0.33% 15,457 $981K Reduce -75.9%
NMM Navios Maritime Partners LP 0.33% 15,280 $957K Reduce -21.3%
UBER Uber Technologies Inc. 0.32% 12,705 $955K Add +24.0%
PERI Perion Network Ltd. 0.32% 118,523 $934K No change
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.28% 8,730 $835K Add +43.2%
ADBE Adobe Inc. 0.27% 1,531 $793K Add +308.3%
KEYS Keysight Technologies Inc. 0.23% 4,263 $678K No change
CRH CRH PLC 0.23% 7,156 $664K Reduce -66.3%
EC Ecopetrol SA-Sponsored ADR 0.21% 67,555 $603K No change
IBIT iShares Bitcoin Trust ETF 0.20% 16,205 $585K New
ASML ASML Holding NV-NY Reg SHS 0.20% 699 $582K No change
HDSN Hudson Technologies Inc. 0.18% 64,100 $535K Add +10.7%
TTI Tetra Technologies Inc. 0.18% 168,182 $521K No change
NXE Nexgen Energy Ltd. 0.17% 78,083 $509K Reduce -42.9%
GTLS Chart Industries Inc. 0.16% 3,900 $484K New
LESLIES INC 0.16% 151,405 $478K Add +68.1%
TENB Tenable Holdings Inc. 0.16% 11,720 $475K New
OBE Obsidian Energy Ltd. 0.16% 84,060 $466K No change
CC The Chemours Co. 0.15% 22,403 $455K New
GPGI Gpgi Inc. filed as COMPOSECURE INC 0.15% 31,190 $437K New
PRTS Carparts.com Inc. 0.14% 453,253 $411K Add +66.9%
AMAT Applied Materials Inc. 0.14% 2,005 $405K Add +65.0%
INTC Intel Corp. 0.13% 16,235 $381K No change
OXY Occidental Petroleum Corp. 0.12% 7,050 $363K No change
WB Weibo Corp.-Spon ADR 0.12% 34,826 $351K No change
TIGR Up Fintech Holding Ltd. - ADR 0.11% 58,325 $311K No change
ACLS Axcelis Technologies Inc. 0.10% 2,730 $286K New
CBRE CBRE Group Inc. Class A 0.08% 1,987 $247K Reduce -78.4%
RCMT RCM Technologies Inc. 0.08% 11,737 $238K No change
BLK BlackRock Finance Inc. 0.07% 225 $214K New
KCCA Kraneshares California Carbo 0.07% 9,689 $209K New
DCTH Delcath Systems Inc. 0.06% 17,967 $162K New
DNN Denison Mines Corp. 0.05% 86,800 $159K No change
AVAL Grupo Aval Acciones Y Valore 0.05% 75,000 $152K No change
LEE Lee Enterprises 0.04% 13,763 $120K No change
CUTRQ Cutera Inc. 0.02% 84,205 $66K No change

Portfolio Sells Q2 2024 → Q3 2024
SYY Sysco Corp. Reduce -40.8% 6.69% −2.82
AON Aon PLC Class A Reduce -78.3% 0.62% −1.62
VAL Valaris Ltd. Reduce -40.0% 1.31% −1.38
SPGI S&P Global Inc. Reduce -81.2% 0.38% −1.23
NOC Northrop Grumman Corp. Reduce -73.2% 0.55% −1.01
ARKB ARK 21SHARES Bitcoin ETF Reduce -75.9% 0.33% −0.87
MCO Moody's Corp. Reduce -76.4% 0.34% −0.82
TMUS T-Mobile US Inc. Sold out 0.00% −0.78
NE Noble Corp. PLC Reduce -3.9% 4.05% −0.74
TWKS Thoughtworks Holding Inc. Sold out 0.00% −0.57
MSGE Madison Square Garden Entert Reduce -49.9% 1.13% −0.54
BAC Bank of America Corp. Reduce -37.1% 1.15% −0.54
MOS The Mosaic Co. Reduce -43.4% 0.64% −0.48
BITB Bitwise Bitcoin ETF Reduce -48.2% 0.54% −0.36
IMXI International Money Express Reduce -18.7% 1.29% −0.36
KFY Korn Ferry Reduce -40.1% 0.90% −0.33
LH Labcorp Holdings Inc. Sold out 0.00% −0.28
CRH CRH PLC Reduce -66.3% 0.23% −0.27
PMTS Cpi Card Group Inc. Reduce -25.9% 1.11% −0.24
VMEO Vimeo Inc. Sold out 0.00% −0.24
V Visa Inc. Class A Reduce -15.3% 6.14% −0.23
CRL Charles River Laboratories Reduce -33.5% 0.44% −0.20
KNX Knight-Swift Transportation Reduce -29.0% 0.90% −0.18
CBRE CBRE Group Inc. Class A Reduce -78.4% 0.08% −0.17
JOE The St Joe Co. Reduce -36.5% 0.48% −0.17
GTX Garrett Motion Inc. Reduce -18.8% 0.82% −0.16
ROKU Roku Inc. Sold out 0.00% −0.15
SLGN Silgan Holdings Inc. Sold out 0.00% −0.15
CDMO Avid Bioservices Inc. Sold out 0.00% −0.14
NXE Nexgen Energy Ltd. Reduce -42.9% 0.17% −0.13
FIGS Figs Inc. Class A Sold out 0.00% −0.12
NSC Norfolk Southern Corp. Reduce -39.6% 0.34% −0.11
FOXF Fox Factory Holding Corp. Reduce -10.0% 0.51% −0.10
VTLE Vital Energy Inc. Sold out 0.00% −0.09
NMM Navios Maritime Partners LP Reduce -21.3% 0.33% +0.02
USB US Bancorp Reduce -9.2% 0.59% +0.07
DBX Dropbox Inc. Class A Reduce -3.6% 0.93% +0.15
CRM Salesforce Inc. Reduce -3.7% 1.49% +0.15
ZM Zoom Communications Inc. Reduce -13.3% 2.14% +0.21
WAB Wabtec Corp. Reduce -13.7% 3.12% +0.23
UNP Union Pacific Corp. Reduce -4.6% 2.21% +0.25
BABA Alibaba Group Holding-SP ADR Reduce -28.0% 2.02% +0.27
STX Seagate Technology Holdings Reduce -1.0% 3.37% +0.42
SHC Sotera Health Co. Reduce -17.8% 4.52% +0.92

Portfolio Buys Q2 2024 → Q3 2024
ACMR Acm Research Inc. Class A New 2.07% +2.07
MELI MercadoLibre Inc. Add +68.7% 2.37% +1.33
CLS Celestica Inc. New 1.20% +1.20
DAVA Endava PLC- Spon ADR Add +47.1% 2.63% +0.75
RTO Rentokil Initial PLC-SP ADR New 0.63% +0.63
GTM Zoominfo Technologies Inc. Add +124.5% 1.27% +0.63
SMCI Super Micro Computer Inc. New 0.59% +0.59
WMG Warner Music Group Corp. Class A Add +259.0% 0.71% +0.53
JD Jd.com Inc.-ADR Add +27.3% 0.83% +0.44
AMZN Amazon.com Inc. Add +13.4% 2.77% +0.44
DE Deere & Co. Add +18.4% 1.35% +0.41
BANCOLOMBIA S.A.-SPONS ADR Add +13.7% 2.23% +0.35
FBTC Fidelity Wise Origin Bitcoin Add +66.7% 0.66% +0.32
MSFT Microsoft Corp. Add +10.0% 2.36% +0.31
LRCX Lam Research Corp. Add +76.0% 0.85% +0.27
ADBE Adobe Inc. Add +308.3% 0.27% +0.20
IBIT iShares Bitcoin Trust ETF New 0.20% +0.20
ATKR Atkore Inc. Add +170.5% 0.43% +0.20
DOCU Docusign Inc. Add +59.7% 0.36% +0.18
HSIC Henry Schein Inc. Add +8.9% 0.69% +0.18
GTLS Chart Industries Inc. New 0.16% +0.16
TENB Tenable Holdings Inc. New 0.16% +0.16
FUTU Futu Holdings Ltd.-ADR Add +43.2% 0.28% +0.16
CC The Chemours Co. New 0.15% +0.15
CCJ Cameco Corp. Add +48.8% 0.41% +0.15
GPGI Gpgi Inc. New 0.15% +0.15
ACLS Axcelis Technologies Inc. New 0.10% +0.10
BA The Boeing Co. Add +28.2% 0.66% +0.09
UBER Uber Technologies Inc. Add +24.0% 0.32% +0.09
BLK BlackRock Finance Inc. New 0.07% +0.07
KCCA Kraneshares California Carbo New 0.07% +0.07
DCTH Delcath Systems Inc. New 0.06% +0.06
PRTS Carparts.com Inc. Add +66.9% 0.14% +0.05
AMAT Applied Materials Inc. Add +65.0% 0.14% +0.05
LESLIES INC Add +68.1% 0.16% +0.04
HDSN Hudson Technologies Inc. Add +10.7% 0.18% +0.02

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