Q3 2025 · 13F-HR
Kerrisdale Advisers, LLCholdings as filed
Filed 2025-11-14 · accession 0001172661-25-004896
$192.9M
Reported value
75
Positions
2025-09-30
Period end
The Brief · Kerrisdale Advisers, LLC · Q3 2025
AI · grounded in 13F
Kerrisdale Advisers, LLC increased its position in UNP by 1336.25%. The fund also established new positions in KVUE for $2.67M and MU for $2.52M. Other notable activity includes accumulating shares of AMZN and SYY, while closing out positions in QS and LESLIES INC.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 92826C839 | V | VISA INC | $13.5M | 7.02% | 39,664 | Common | SOLE |
| 83601L102 | SHC | SOTERA HEALTH CO | $12.5M | 6.49% | 795,312 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $11.9M | 6.15% | 5,076 | Common | SOLE |
| G65431127 | NE | NOBLE CORP PLC | $10.0M | 5.16% | 351,985 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $8.7M | 4.53% | 39,801 | Common | SOLE |
| 871829107 | SYY | SYSCO CORP | $8.4M | 4.33% | 101,423 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $8.2M | 4.28% | 33,927 | Common | SOLE |
| G7997R103 | STX | SEAGATE TECHNOLOGY HLDNGS PL | $7.1M | 3.68% | 30,058 | Common | SOLE |
| 00108J109 | ACMR | ACM RESH INC | $6.9M | 3.58% | 176,581 | Common | SOLE |
| 98980L101 | ZNGA | ZOOM COMMUNICATIONS INC | $5.3M | 2.77% | 64,679 | Common | SOLE |
| 29260V105 | DAVA | ENDAVA PLC | $5.2M | 2.72% | 576,843 | Common | SOLE |
| 40090E106 | CIB | GRUPO CIBEST SA | $5.2M | 2.69% | 99,862 | Common | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $5.1M | 2.64% | 42,454 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $4.7M | 2.46% | 97,335 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $4.5M | 2.33% | 13,020 | Common | SOLE |
| 03783C100 | APPF | APPFOLIO INC | $4.1M | 2.11% | 14,778 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $3.9M | 2.01% | 16,402 | Common | SOLE |
| 98980F104 | GTM | ZOOMINFO TECHNOLOGIES INC | $3.8M | 1.97% | 348,428 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $3.5M | 1.82% | 109,085 | Common | SOLE |
| 34965K107 | FTRE | FORTREA HLDGS INC | $3.0M | 1.56% | 358,191 | Common | SOLE |
| 25243Q205 | DEO | DIAGEO PLC | $3.0M | 1.54% | 31,133 | Common | SOLE |
| 023586506 | UHAL/B | U HAUL HOLDING COMPANY | $2.8M | 1.46% | 55,241 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $2.7M | 1.38% | 164,220 | Common | SOLE |
| 46005L101 | IMXI | INTERNATIONAL MNY EXPRESS IN | $2.6M | 1.37% | 189,288 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $2.5M | 1.31% | 15,059 | Common | SOLE |
| 565394103 | CART | MAPLEBEAR INC | $2.4M | 1.27% | 66,545 | Common | SOLE |
| 934550203 | WMG | WARNER MUSIC GROUP CORP | $2.3M | 1.17% | 66,530 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $2.1M | 1.10% | 25,390 | Common | SOLE |
| 558256103 | MSGE | MADISON SQUARE GARDEN ENTMT | $2.0M | 1.02% | 43,495 | Common | SOLE |
| 682189105 | ON | ON SEMICONDUCTOR CORP | $1.8M | 0.95% | 37,210 | Common | SOLE |
| 047649108 | ATKR | ATKORE INC | $1.8M | 0.91% | 28,074 | Common | SOLE |
| 760125104 | RTO | RENTOKIL INITIAL PLC | $1.7M | 0.90% | 68,778 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $1.6M | 0.83% | 3,263 | Common | SOLE |
| 929740108 | WAB | WABTEC | $1.5M | 0.76% | 7,295 | Common | SOLE |
| 71654V408 | PBR | PETROLEO BRASILEIRO SA PETRO | $1.4M | 0.73% | 111,126 | Common | SOLE |
| 35138V102 | FOXF | FOX FACTORY HLDG CORP | $1.4M | 0.72% | 57,094 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $1.3M | 0.70% | 3,802 | Common | SOLE |
| 22717L101 | CRON | CRONOS GROUP INC | $1.3M | 0.68% | 468,786 | Common | SOLE |
| 790148100 | JOE | ST JOE CO | $1.2M | 0.62% | 23,990 | Common | SOLE |
| 159864107 | CRL | CHARLES RIV LABS INTL INC | $1.2M | 0.61% | 7,458 | Common | SOLE |
| 49338L103 | KEYS | KEYSIGHT TECHNOLOGIES INC | $1.2M | 0.60% | 6,613 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $1.1M | 0.58% | 13,665 | Common | SOLE |
| 806407102 | HSIC | HENRY SCHEIN INC | $1.1M | 0.55% | 16,026 | Common | SOLE |
| 023939101 | AMTM | AMENTUM HOLDINGS INC | $946,504 | 0.49% | 39,520 | Common | SOLE |
| 099502106 | BAH | BOOZ ALLEN HAMILTON HLDG COR | $944,727 | 0.49% | 9,452 | Common | SOLE |
| 12634H200 | PMTS | CPI CARD GROUP INC | $920,451 | 0.48% | 60,796 | Common | SOLE |
| 499049104 | KNX | KNIGHT-SWIFT TRANSN HLDGS IN | $892,412 | 0.46% | 22,587 | Common | SOLE |
| 731068102 | PII | POLARIS INC | $817,598 | 0.42% | 14,065 | Common | SOLE |
| 500643200 | KFY | KORN FERRY | $733,950 | 0.38% | 10,488 | Common | SOLE |
| 023586100 | UHAL | U HAUL HOLDING COMPANY | $725,588 | 0.38% | 12,714 | Common | SOLE |
| M78673114 | PERI | PERION NETWORK LTD | $725,405 | 0.38% | 75,563 | Common | SOLE |
| 054540208 | ACLS | AXCELIS TECHNOLOGIES INC | $709,355 | 0.37% | 7,265 | Common | SOLE |
| 444144109 | HDSN | HUDSON TECHNOLOGIES INC | $636,513 | 0.33% | 64,100 | Common | SOLE |
| 279158109 | EC | ECOPETROL S A | $622,182 | 0.32% | 67,555 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $574,477 | 0.30% | 17,123 | Common | SOLE |
| 674482203 | OBE | OBSIDIAN ENERGY LTD | $549,409 | 0.28% | 84,060 | Common | SOLE |
| 163851108 | CC | CHEMOURS CO | $499,958 | 0.26% | 31,563 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $455,445 | 0.24% | 50,883 | Common | SOLE |
| 75734B100 | RDDT | REDDIT INC | $394,433 | 0.20% | 1,715 | Common | SOLE |
| 00768Y453 | MSOS | ADVISORSHARES TR | $371,081 | 0.19% | 77,470 | Common | SOLE |
| 24703L202 | DELL | DELL TECHNOLOGIES INC | $360,521 | 0.19% | 2,543 | Common | SOLE |
| 749360400 | RCMT | RCM TECHNOLOGIES INC | $342,256 | 0.18% | 12,891 | Common | SOLE |
| 88025T102 | TENB | TENABLE HLDGS INC | $341,755 | 0.18% | 11,720 | Common | SOLE |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $333,113 | 0.17% | 7,050 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $331,723 | 0.17% | 1,856 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $316,467 | 0.16% | 611 | Common | SOLE |
| 40053W101 | AVAL | GRUPO AVAL ACCIONES Y VALORE | $247,500 | 0.13% | 75,000 | Common | SOLE |
| 248356107 | DNN | DENISON MINES CORP | $238,700 | 0.12% | 86,800 | Common | SOLE |
| 825690100 | SSTK | SHUTTERSTOCK INC | $224,450 | 0.12% | 10,765 | Common | SOLE |
| 53635D202 | LQDA | LIQUIDIA CORPORATION | $221,147 | 0.11% | 9,725 | Common | SOLE |
| Y62267409 | NMM | NAVIOS MARITIME PARTNERS L P | $206,780 | 0.11% | 4,590 | Common | SOLE |
| 14427M107 | PRTS | CARPARTS COM INC | $179,549 | 0.09% | 252,495 | Common | SOLE |
| 23291C103 | BOOM | DMC GLOBAL INC | $173,157 | 0.09% | 20,492 | Common | SOLE |
| 527064208 | LESL | LESLIES INC | $130,961 | 0.07% | 23,811 | Common | SOLE |
| 30260D103 | FIGS | FIGS INC | $129,833 | 0.07% | 19,407 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.