Kerrisdale Advisers, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Kerrisdale Advisers, LLC reported 114 stock positions worth $399.2 million. Its top holding was Regal Rexnord (RRX) at 27.6% of the portfolio, followed by Visa Class A (V, 4.3%) and Belden (BDC, 4.3%). Compared with Q1 2026, it opened 22 new positions, sold out of 20, added to 16 and reduced 34. The biggest buy was Regal Rexnord (RRX, shares +3688%) and the biggest sale Marvell Technology (MRVL, shares −95%).

Most Recent 13F
Q2 2026
Location
Miami, FL
CIK
0001569688
Portfolio Value
$399.2M (Q2 2026)
SEC Filing
0001172661-26-003452 ↗ filed Aug 14, 2026

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 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 $399.2M Q2 2026

Holdings 114 stocks · $399.2M
RRX Regal Rexnord Corp. 27.64% 463,295 $110.4M Add +3688.2%
V Visa Inc. Class A 4.30% 50,031 $17.2M No change
BDC Belden Inc. 4.30% 143,000 $17.1M Add +1441.0%
MELI MercadoLibre Inc. 3.71% 8,724 $14.8M No change
AMZN Amazon.com Inc. 3.34% 55,891 $13.3M Reduce -4.9%
SHC Sotera Health Co. 2.66% 599,249 $10.6M Reduce -1.4%
GOOGL Alphabet Inc. Class A 2.27% 25,412 $9.1M Reduce -13.5%
SWKS Skyworks Solutions Inc. 2.09% 123,340 $8.4M Reduce -2.9%
ACMR Acm Research Inc. Class A 1.99% 62,570 $7.9M Reduce -72.0%
AZTA Azenta Inc. 1.86% 290,682 $7.4M Add +1419.5%
UHAL.B U-Haul Holding Co.-Non Voting 1.84% 127,232 $7.3M No change
POOL Pool Corp. 1.82% 33,795 $7.3M Add +39.8%
SYY Sysco Corp. 1.75% 83,476 $7.0M No change
FPS Forgent Power Solutions Class A 1.63% 116,572 $6.5M New
AKAM Akamai Technologies Inc. 1.54% 51,985 $6.1M New
TDS Telephone and Data Systems 1.52% 163,758 $6.1M Reduce -45.0%
UNP Union Pacific Corp. 1.29% 18,952 $5.2M Reduce -5.6%
IPGP Ipg Photonics Corp. 1.22% 41,450 $4.9M Add +76.8%
DV Doubleverify Holdings Inc. 1.08% 398,439 $4.3M No change
ILMN Illumina Inc. 0.97% 22,085 $3.9M New
CVE Cenovus Energy Inc. 0.88% 141,350 $3.5M Add +27.4%
AMRZ Amrize Ltd. 0.86% 64,720 $3.4M Add +4.9%
ETN Eaton Corp. PLC 0.83% 7,817 $3.3M Add +10.5%
SNPS Synopsys Inc. 0.83% 7,466 $3.3M Reduce -27.0%
KVUE Kenvue Inc. 0.82% 170,807 $3.3M No change
CART Maplebear Inc. 0.77% 65,106 $3.1M Reduce -30.8%
ZTS Zoetis Inc. 0.76% 42,000 $3.0M New
MSFT Microsoft Corp. 0.75% 8,062 $3.0M Reduce -34.8%
DEO Diageo PLC-Sponsored ADR 0.69% 34,233 $2.8M No change
ZM Zoom Communications Inc. 0.69% 31,869 $2.8M Reduce -31.7%
CIB Grupo Cibest SA-ADR 0.67% 33,840 $2.7M Reduce -14.8%
ADEA Adeia Inc. 0.64% 77,055 $2.5M Add +8.8%
NOK Nokia Corp.-Spon ADR 0.64% 190,965 $2.5M Reduce -32.7%
SOLS Solstice Adv Materials Inc. 0.63% 28,465 $2.5M Add +450.6%
LRN Stride Inc. 0.63% 29,049 $2.5M Reduce -49.2%
APPF Appfolio Inc. Class A 0.56% 13,904 $2.2M Reduce -37.8%
GLD SPDR Gold Shares 0.55% 5,950 $2.2M New
UNH Unitedhealth Group Inc. 0.53% 5,131 $2.1M Reduce -42.0%
LULU Lululemon Athletica Inc. 0.48% 16,905 $1.9M New
DT Dynatrace Inc. 0.46% 42,205 $1.9M Add +76.3%
PBR Petroleo Brasileiro-Spon ADR 0.45% 111,126 $1.8M No change
FISV Fiserv Inc. 0.44% 35,815 $1.8M Add +369.4%
ESTA Establishment Labs Holdings 0.44% 20,390 $1.7M New
WHD Cactus Inc. Class A 0.43% 33,770 $1.7M Add +21.6%
HDSN Hudson Technologies Inc. 0.43% 299,976 $1.7M Add +420.6%
WAB Wabtec Corp. 0.43% 6,360 $1.7M Reduce -8.2%
MRVL Marvell Technology Inc. 0.42% 5,636 $1.7M Reduce -95.0%
LMT Lockheed Martin Corp. 0.41% 3,180 $1.6M New
DAVA Endava PLC- Spon ADR 0.40% 567,416 $1.6M No change
LMB Limbach Holdings Inc. 0.40% 20,510 $1.6M New
BAC Bank of America Corp. 0.38% 26,730 $1.5M No change
ATKR Atkore Inc. 0.38% 19,844 $1.5M Reduce -29.3%
RBA RB Global Inc. 0.38% 12,897 $1.5M No change
PYPL PayPal Holdings Inc. 0.37% 33,921 $1.5M Reduce -8.0%
APG Api Group Corp. 0.35% 32,770 $1.4M New
KMB Kimberly-Clark Corp. 0.35% 12,615 $1.4M No change
ON On Semiconductor 0.35% 14,595 $1.4M Reduce -60.8%
KVYO Klaviyo Inc. Class A 0.34% 91,120 $1.4M New
UBER Uber Technologies Inc. 0.34% 18,960 $1.4M No change
NDSN Nordson Corp. 0.34% 4,530 $1.4M No change
ST Sensata Technologies Holdplc 0.34% 28,320 $1.4M New
HSIC Henry Schein Inc. filed as SCHEIN HENRY INC 0.34% 16,026 $1.3M No change
JOE The St Joe Co. 0.32% 20,610 $1.3M Reduce -14.1%
PMTS Cpi Card Group Inc. 0.32% 60,796 $1.3M No change
AMTM Amentum Holdings Inc. 0.31% 59,845 $1.2M Add +105.0%
SHMD Schmid Group NV 0.30% 193,505 $1.2M New
GTLB Gitlab Inc. Class A 0.30% 39,415 $1.2M Reduce -42.9%
WSE Wise Group PLC Class A 0.30% 99,950 $1.2M New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.30% 13,665 $1.2M No change
HUBS HubSpot Inc. 0.28% 6,085 $1.1M New
CNQ Canadian Natural Resources 0.27% 27,500 $1.1M Reduce -62.4%
SNAP Snap Inc. Class A 0.26% 234,834 $1.0M Reduce -17.0%
LGN Legence Corp. Class A 0.25% 11,722 $999K Reduce -88.9%
GFF Griffon Corp. 0.25% 10,220 $997K Reduce -38.7%
ADTN Adtran Holdings Inc. 0.25% 70,519 $980K Reduce -87.2%
PSIX Power Solutions Internationa 0.25% 25,175 $979K Add +115.8%
EC Ecopetrol SA-Sponsored ADR 0.24% 67,555 $962K No change
NTAP Netapp Inc. 0.22% 5,701 $882K Reduce -39.4%
FOXF Fox Factory Holding Corp. 0.22% 51,166 $867K No change
MOS The Mosaic Co. 0.21% 39,940 $846K No change
UHAL U-Haul Holding Co. 0.21% 12,714 $832K No change
FIG Figma Inc. Class A 0.21% 45,525 $824K New
TMUS T-Mobile US Inc. 0.20% 4,835 $811K New
LNSR Lensar Inc. 0.20% 139,390 $796K No change
CCJ Cameco Corp. 0.19% 7,535 $768K No change
CPNG Coupang Inc. 0.19% 43,693 $759K Reduce -70.9%
BAH Booz Allen Hamilton Holdings 0.19% 12,422 $754K No change
RICK Rci Hospitality Holdings Inc. 0.19% 27,253 $745K No change
SE Sea Ltd.-ADR 0.18% 7,380 $707K No change
LBTYA Liberty Global Ltd. Class A 0.17% 60,640 $689K No change
KHC The Kraft Heinz Co. 0.17% 28,745 $679K No change
ACVA Acv Auctions Inc. Class A 0.16% 91,075 $655K No change
CORZ Core Scientific Inc. 0.16% 25,220 $645K New
FRSH Freshworks Inc. Class A 0.16% 62,225 $630K No change
MSGE Madison Square Garden Entert 0.12% 6,064 $491K Reduce -80.5%
CRON Cronos Group Inc. 0.12% 171,886 $478K No change
FLO Flowers Foods Inc. 0.11% 56,065 $443K No change
VRRM Verra Mobility Corp. 0.11% 100,671 $428K New
OI O-I Glass Inc. 0.10% 39,855 $384K No change
AVAL Grupo Aval Acciones Y Valore 0.09% 75,000 $377K No change
ROOT Root Inc./Oh Class A 0.09% 6,650 $372K Reduce -2.6%
CYRX Cryoport Inc. 0.09% 22,605 $355K New
OXY Occidental Petroleum Corp. 0.09% 7,050 $342K No change
SU Suncor Energy Inc. 0.08% 6,025 $324K Reduce -63.6%
PCOR Procore Technologies Inc. 0.08% 7,760 $315K New
RDDT Reddit Inc. Class A 0.07% 1,715 $298K No change
NXE Nexgen Energy Ltd. 0.07% 30,183 $283K No change
DNN Denison Mines Corp. 0.07% 86,800 $266K No change
FVRR Fiverr International Ltd. 0.06% 24,425 $252K Reduce -32.9%
ECVT Ecovyst Inc. 0.06% 20,000 $249K No change
WMG Warner Music Group Corp. Class A 0.06% 8,735 $236K No change
RGTI Rigetti Computing Inc. 0.05% 10,257 $198K New
PRTS Carparts.com Inc. 0.04% 25,249 $163K No change
NKLR Terra Innovatum Global NV 0.02% 13,600 $67K No change

Portfolio Sells Q1 2026 → Q2 2026
MRVL Marvell Technology Inc. Reduce -95.0% 0.42% −3.87
TDS Telephone and Data Systems Reduce -45.0% 1.52% −3.26
ADTN Adtran Holdings Inc. Reduce -87.2% 0.25% −2.40
LGN Legence Corp. Class A Reduce -88.9% 0.25% −2.03
ACMR Acm Research Inc. Class A Reduce -72.0% 1.99% −1.36
AMZN Amazon.com Inc. Reduce -4.9% 3.34% −1.32
LRN Stride Inc. Reduce -49.2% 0.63% −1.29
CNQ Canadian Natural Resources Reduce -62.4% 0.27% −1.09
INTC Intel Corp. Sold out 0.00% −1.03
MSFT Microsoft Corp. Reduce -34.8% 0.75% −0.99
GOOGL Alphabet Inc. Class A Reduce -13.5% 2.27% −0.94
CPNG Coupang Inc. Reduce -70.9% 0.19% −0.89
APPF Appfolio Inc. Class A Reduce -37.8% 0.56% −0.78
ZM Zoom Communications Inc. Reduce -31.7% 0.69% −0.74
SNPS Synopsys Inc. Reduce -27.0% 0.83% −0.71
ICLR Icon PLC Sold out 0.00% −0.66
SHC Sotera Health Co. Reduce -1.4% 2.66% −0.65
MSGE Madison Square Garden Entert Reduce -80.5% 0.12% −0.57
CART Maplebear Inc. Reduce -30.8% 0.77% −0.57
UNP Union Pacific Corp. Reduce -5.6% 1.29% −0.56
ON On Semiconductor Reduce -60.8% 0.35% −0.53
SWKS Skyworks Solutions Inc. Reduce -2.9% 2.09% −0.49
CC The Chemours Co. Sold out 0.00% −0.44
CIB Grupo Cibest SA-ADR Reduce -14.8% 0.67% −0.43
UNH Unitedhealth Group Inc. Reduce -42.0% 0.53% −0.38
SU Suncor Energy Inc. Reduce -63.6% 0.08% −0.34
EQT Eqt Corp. Sold out 0.00% −0.33
NOVT Novanta Inc. Sold out 0.00% −0.31
SMCI Super Micro Computer Inc. Sold out 0.00% −0.31
OBE Obsidian Energy Ltd. Sold out 0.00% −0.30
PAYO Payoneer Global Inc. Sold out 0.00% −0.30
MTN Vail Resorts Inc. Sold out 0.00% −0.28
PYPL PayPal Holdings Inc. Reduce -8.0% 0.37% −0.27
GTLB Gitlab Inc. Class A Reduce -42.9% 0.30% −0.27
FTRE Fortrea Holdings Inc. Sold out 0.00% −0.26
NE Noble Corp. PLC Sold out 0.00% −0.25
ATKR Atkore Inc. Reduce -29.3% 0.38% −0.25
JOE The St Joe Co. Reduce -14.1% 0.32% −0.25
KFY Korn Ferry Sold out 0.00% −0.25
SNAP Snap Inc. Class A Reduce -17.0% 0.26% −0.23
NOK Nokia Corp.-Spon ADR Reduce -32.7% 0.64% −0.23
WAB Wabtec Corp. Reduce -8.2% 0.43% −0.23
GFF Griffon Corp. Reduce -38.7% 0.25% −0.21
CRL Charles River Laboratories Sold out 0.00% −0.20
PERI Perion Network Ltd. Sold out 0.00% −0.19
NTAP Netapp Inc. Reduce -39.4% 0.22% −0.15
LQDA Liquidia Corp. Sold out 0.00% −0.15
MU Micron Technology Inc. Sold out 0.00% −0.10
RCMT RCM Technologies Inc. Sold out 0.00% −0.09
FVRR Fiverr International Ltd. Reduce -32.9% 0.06% −0.08

Portfolio Buys Q1 2026 → Q2 2026
RRX Regal Rexnord Corp. Add +3688.2% 27.64% +26.77
BDC Belden Inc. Add +1441.0% 4.30% +3.89
AZTA Azenta Inc. Add +1419.5% 1.86% +1.70
FPS Forgent Power Solutions Class A New 1.63% +1.63
AKAM Akamai Technologies Inc. New 1.54% +1.54
ILMN Illumina Inc. New 0.97% +0.97
ZTS Zoetis Inc. New 0.76% +0.76
GLD SPDR Gold Shares New 0.55% +0.55
LULU Lululemon Athletica Inc. New 0.48% +0.48
SOLS Solstice Adv Materials Inc. Add +450.6% 0.63% +0.48
ESTA Establishment Labs Holdings New 0.44% +0.44
LMT Lockheed Martin Corp. New 0.41% +0.41
LMB Limbach Holdings Inc. New 0.40% +0.40
APG Api Group Corp. New 0.35% +0.35
KVYO Klaviyo Inc. Class A New 0.34% +0.34
ST Sensata Technologies Holdplc New 0.34% +0.34
SHMD Schmid Group NV New 0.30% +0.30
HDSN Hudson Technologies Inc. Add +420.6% 0.43% +0.30
WSE Wise Group PLC Class A New 0.30% +0.30
HUBS HubSpot Inc. New 0.28% +0.28
FISV Fiserv Inc. Add +369.4% 0.44% +0.28
FIG Figma Inc. Class A New 0.21% +0.21
TMUS T-Mobile US Inc. New 0.20% +0.20
IPGP Ipg Photonics Corp. Add +76.8% 1.22% +0.20
CORZ Core Scientific Inc. New 0.16% +0.16
DT Dynatrace Inc. Add +76.3% 0.46% +0.13
VRRM Verra Mobility Corp. New 0.11% +0.11
CYRX Cryoport Inc. New 0.09% +0.09
PCOR Procore Technologies Inc. New 0.08% +0.08
RGTI Rigetti Computing Inc. New 0.05% +0.05
AMTM Amentum Holdings Inc. Add +105.0% 0.31% +0.02
ADEA Adeia Inc. Add +8.8% 0.64% −0.01
PSIX Power Solutions Internationa Add +115.8% 0.25% −0.03
POOL Pool Corp. Add +39.8% 1.82% −0.04
WHD Cactus Inc. Class A Add +21.6% 0.43% −0.07
ETN Eaton Corp. PLC Add +10.5% 0.83% −0.13
CVE Cenovus Energy Inc. Add +27.4% 0.88% −0.24
AMRZ Amrize Ltd. Add +4.9% 0.86% −0.45

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