Kerrisdale Advisers, LLC 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Kerrisdale Advisers, LLC disclosed 66 US equity positions worth $191.7m in its Q2 2025 13F filing. The largest position was STX at 22.0% of the reported book, followed by UNH and MELI. Against the Q1 2025 filing, it opened 3 new positions, added to 16 and reduced 13 among the top 50 holdings.
What did Kerrisdale Advisers, LLC own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | STX SEAGATE TECHNOLOGY HLDNGS PL | Technology | 22.0% | $42.3m | 292,751 | -48% | reduced |
| 2 | UNH UNITEDHEALTH GROUP INC | Healthcare | 6.4% | $12.3m | 39,485 | 4183% | added |
| 3 | MELI MERCADOLIBRE INC | Consumer Cyclical | 5.5% | $10.5m | 4,022 | -38% | reduced |
| 4 | V VISA INC | Financial Services | 5.1% | $9.7m | 27,384 | -39% | reduced |
| 5 | NOBLE CORP PLC | 4.9% | $9.3m | 351,985 | 7% | added | |
| 6 | SHC SOTERA HEALTH CO | Healthcare | 4.6% | $8.8m | 795,312 | 0% | held |
| 7 | DAVA ENDAVA PLC | Technology | 4.3% | $8.2m | 535,803 | 53% | added |
| 8 | ACMR ACM RESH INC | Technology | 3.9% | $7.4m | 286,497 | 34% | added |
| 9 | GOOGL ALPHABET INC | Communication Services | 3.1% | $6.0m | 33,927 | -48% | reduced |
| 10 | ZM ZOOM COMMUNICATIONS INC | Technology | 2.6% | $5.0m | 64,679 | 10% | added |
| 11 | WDC WESTERN DIGITAL CORP | Technology | 2.5% | $4.7m | 73,577 | – | new |
| 12 | CIB GRUPO CIBEST SA | 2.4% | $4.6m | 100,462 | – | new | |
| 13 | SYY SYSCO CORP | Consumer Defensive | 2.2% | $4.3m | 56,438 | -50% | reduced |
| 14 | VALARIS LTD | 2.1% | $4.1m | 97,335 | 0% | held | |
| 15 | GTM ZOOMINFO TECHNOLOGIES INC | Technology | 1.8% | $3.5m | 342,298 | 18% | added |
| 16 | CPNG COUPANG INC | Consumer Cyclical | 1.7% | $3.3m | 109,085 | 25% | added |
| 17 | UHAL/B U HAUL HOLDING COMPANY | 1.6% | $3.0m | 55,241 | 0% | held | |
| 18 | APPF APPFOLIO INC | Technology | 1.6% | $3.0m | 12,942 | 33% | added |
| 19 | DEO DIAGEO PLC | Consumer Defensive | 1.5% | $2.9m | 28,758 | -75% | reduced |
| 20 | AMZN AMAZON COM INC | Consumer Cyclical | 1.1% | $2.2m | 9,847 | -83% | reduced |
| 21 | IMXI INTERNATIONAL MNY EXPRESS IN | Technology | 1.0% | $1.9m | 189,288 | 0% | held |
| 22 | CCJ CAMECO CORP | Energy | 1.0% | $1.9m | 25,390 | 0% | held |
| 23 | ATKR ATKORE INC | Industrials | 1.0% | $1.8m | 26,114 | 1% | added |
| 24 | WMG WARNER MUSIC GROUP CORP | Communication Services | 0.9% | $1.8m | 66,530 | 0% | held |
| 25 | FTRE FORTREA HLDGS INC | Healthcare | 0.9% | $1.8m | 358,191 | 30% | added |
| 26 | MSGE MADISON SQUARE GARDEN ENTMT | Communication Services | 0.9% | $1.7m | 43,495 | 0% | held |
| 27 | RTO RENTOKIL INITIAL PLC | 0.9% | $1.7m | 68,778 | -46% | reduced | |
| 28 | FOXF FOX FACTORY HLDG CORP | Consumer Cyclical | 0.8% | $1.5m | 57,094 | 57% | added |
| 29 | ADBE ADOBE INC | Technology | 0.8% | $1.5m | 3,802 | 19% | added |
| 30 | PMTS CPI CARD GROUP INC | 0.8% | $1.4m | 60,796 | -2% | reduced | |
| 31 | PBR PETROLEO BRASILEIRO SA PETRO | Energy | 0.7% | $1.4m | 111,126 | 0% | held |
| 32 | HSIC HENRY SCHEIN INC | Healthcare | 0.6% | $1.2m | 16,026 | 66% | added |
| 33 | ON ON SEMICONDUCTOR CORP | Technology | 0.6% | $1.2m | 21,955 | 36% | added |
| 34 | JOE ST JOE CO | Real Estate | 0.6% | $1.1m | 23,990 | 0% | held |
| 35 | CRL CHARLES RIV LABS INTL INC | Healthcare | 0.6% | $1.1m | 7,458 | -26% | reduced |
| 36 | KEYS KEYSIGHT TECHNOLOGIES INC | Technology | 0.6% | $1.1m | 6,613 | 55% | added |
| 37 | KSPI KASPI KZ JSC | 0.5% | $938.0k | 11,050 | 325% | added | |
| 38 | CRON CRONOS GROUP INC | Healthcare | 0.5% | $895.4k | 468,786 | 0% | held |
| 39 | KNX KNIGHT-SWIFT TRANSN HLDGS IN | Industrials | 0.5% | $883.8k | 19,982 | -23% | reduced |
| 40 | UHAL U HAUL HOLDING COMPANY | Industrials | 0.4% | $770.0k | 12,714 | 0% | held |
| 41 | KFY KORN FERRY | Industrials | 0.4% | $769.1k | 10,488 | 0% | held |
| 42 | PERI PERION NETWORK LTD | Communication Services | 0.4% | $767.0k | 75,563 | -36% | reduced |
| 43 | EC ECOPETROL S A | Energy | 0.3% | $597.9k | 67,555 | 0% | held |
| 44 | PII POLARIS INC | Consumer Cyclical | 0.3% | $571.7k | 14,065 | -7% | reduced |
| 45 | HDSN HUDSON TECHNOLOGIES INC | Basic Materials | 0.3% | $520.5k | 64,100 | 0% | held |
| 46 | ACLS AXCELIS TECHNOLOGIES INC | Technology | 0.3% | $506.3k | 7,265 | – | new |
| 47 | OBE OBSIDIAN ENERGY LTD | 0.2% | $466.8k | 84,060 | 0% | held | |
| 48 | TENB TENABLE HLDGS INC | Technology | 0.2% | $395.9k | 11,720 | 0% | held |
| 49 | QS QUANTUMSCAPE CORP | Consumer Cyclical | 0.2% | $392.3k | 58,375 | 0% | held |
| 50 | CC CHEMOURS CO | Basic Materials | 0.2% | $361.4k | 31,563 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.