Kerrisdale Advisers, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Kerrisdale Advisers, LLC disclosed 75 US equity positions worth $192.9m in its Q3 2025 13F filing. The largest position was V at 7.0% of the reported book, followed by SHC and MELI. Against the Q2 2025 filing, it opened 6 new positions, added to 14 and reduced 5 among the top 50 holdings.
What did Kerrisdale Advisers, LLC own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | V VISA INC | Financial Services | 7.0% | $13.5m | 39,664 | 45% | added |
| 2 | SHC SOTERA HEALTH CO | Healthcare | 6.5% | $12.5m | 795,312 | 0% | held |
| 3 | MELI MERCADOLIBRE INC | Consumer Cyclical | 6.2% | $11.9m | 5,076 | 26% | added |
| 4 | NOBLE CORP PLC | 5.2% | $10.0m | 351,985 | 0% | held | |
| 5 | AMZN AMAZON COM INC | Consumer Cyclical | 4.5% | $8.7m | 39,801 | 304% | added |
| 6 | SYY SYSCO CORP | Consumer Defensive | 4.3% | $8.4m | 101,423 | 80% | added |
| 7 | GOOGL ALPHABET INC | Communication Services | 4.3% | $8.2m | 33,927 | 0% | held |
| 8 | STX SEAGATE TECHNOLOGY HLDNGS PL | Technology | 3.7% | $7.1m | 30,058 | -90% | reduced |
| 9 | ACMR ACM RESH INC | Technology | 3.6% | $6.9m | 176,581 | -38% | reduced |
| 10 | ZM ZOOM COMMUNICATIONS INC | Technology | 2.8% | $5.3m | 64,679 | 0% | held |
| 11 | DAVA ENDAVA PLC | Technology | 2.7% | $5.2m | 576,843 | 8% | added |
| 12 | CIB GRUPO CIBEST SA | 2.7% | $5.2m | 99,862 | -1% | reduced | |
| 13 | WDC WESTERN DIGITAL CORP | Technology | 2.6% | $5.1m | 42,454 | -42% | reduced |
| 14 | VALARIS LTD | 2.5% | $4.7m | 97,335 | 0% | held | |
| 15 | UNH UNITEDHEALTH GROUP INC | Healthcare | 2.3% | $4.5m | 13,020 | -67% | reduced |
| 16 | APPF APPFOLIO INC | Technology | 2.1% | $4.1m | 14,778 | 14% | added |
| 17 | UNP UNION PAC CORP | Industrials | 2.0% | $3.9m | 16,402 | 1336% | added |
| 18 | GTM ZOOMINFO TECHNOLOGIES INC | Technology | 2.0% | $3.8m | 348,428 | 2% | added |
| 19 | CPNG COUPANG INC | Consumer Cyclical | 1.8% | $3.5m | 109,085 | 0% | held |
| 20 | FTRE FORTREA HLDGS INC | Healthcare | 1.6% | $3.0m | 358,191 | 0% | held |
| 21 | DEO DIAGEO PLC | Consumer Defensive | 1.5% | $3.0m | 31,133 | 8% | added |
| 22 | UHAL/B U HAUL HOLDING COMPANY | 1.5% | $2.8m | 55,241 | 0% | held | |
| 23 | KVUE KENVUE INC | Consumer Defensive | 1.4% | $2.7m | 164,220 | – | new |
| 24 | IMXI INTERNATIONAL MNY EXPRESS IN | Technology | 1.4% | $2.6m | 189,288 | 0% | held |
| 25 | MU MICRON TECHNOLOGY INC | Technology | 1.3% | $2.5m | 15,059 | – | new |
| 26 | CART MAPLEBEAR INC | Consumer Cyclical | 1.3% | $2.4m | 66,545 | – | new |
| 27 | WMG WARNER MUSIC GROUP CORP | Communication Services | 1.2% | $2.3m | 66,530 | 0% | held |
| 28 | CCJ CAMECO CORP | Energy | 1.1% | $2.1m | 25,390 | 0% | held |
| 29 | MSGE MADISON SQUARE GARDEN ENTMT | Communication Services | 1.0% | $2.0m | 43,495 | 0% | held |
| 30 | ON ON SEMICONDUCTOR CORP | Technology | 1.0% | $1.8m | 37,210 | 69% | added |
| 31 | ATKR ATKORE INC | Industrials | 0.9% | $1.8m | 28,074 | 8% | added |
| 32 | RTO RENTOKIL INITIAL PLC | 0.9% | $1.7m | 68,778 | 0% | held | |
| 33 | SNPS SYNOPSYS INC | Technology | 0.8% | $1.6m | 3,263 | – | new |
| 34 | WAB WABTEC | Industrials | 0.8% | $1.5m | 7,295 | 513% | added |
| 35 | PBR PETROLEO BRASILEIRO SA PETRO | Energy | 0.7% | $1.4m | 111,126 | 0% | held |
| 36 | FOXF FOX FACTORY HLDG CORP | Consumer Cyclical | 0.7% | $1.4m | 57,094 | 0% | held |
| 37 | ADBE ADOBE INC | Technology | 0.7% | $1.3m | 3,802 | 0% | held |
| 38 | CRON CRONOS GROUP INC | Healthcare | 0.7% | $1.3m | 468,786 | 0% | held |
| 39 | JOE ST JOE CO | Real Estate | 0.6% | $1.2m | 23,990 | 0% | held |
| 40 | CRL CHARLES RIV LABS INTL INC | Healthcare | 0.6% | $1.2m | 7,458 | 0% | held |
| 41 | KEYS KEYSIGHT TECHNOLOGIES INC | Technology | 0.6% | $1.2m | 6,613 | 0% | held |
| 42 | KSPI KASPI KZ JSC | 0.6% | $1.1m | 13,665 | 24% | added | |
| 43 | HSIC HENRY SCHEIN INC | Healthcare | 0.6% | $1.1m | 16,026 | 0% | held |
| 44 | AMTM AMENTUM HOLDINGS INC | Industrials | 0.5% | $946.5k | 39,520 | – | new |
| 45 | BAH BOOZ ALLEN HAMILTON HLDG COR | Industrials | 0.5% | $944.7k | 9,452 | – | new |
| 46 | PMTS CPI CARD GROUP INC | 0.5% | $920.5k | 60,796 | 0% | held | |
| 47 | KNX KNIGHT-SWIFT TRANSN HLDGS IN | Industrials | 0.5% | $892.4k | 22,587 | 13% | added |
| 48 | PII POLARIS INC | Consumer Cyclical | 0.4% | $817.6k | 14,065 | 0% | held |
| 49 | KFY KORN FERRY | Industrials | 0.4% | $734.0k | 10,488 | 0% | held |
| 50 | UHAL U HAUL HOLDING COMPANY | Industrials | 0.4% | $725.6k | 12,714 | 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.