Kerrisdale Advisers, LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Kerrisdale Advisers, LLC disclosed 76 US equity positions worth $212.3m in its Q4 2025 13F filing. The largest position was TDS at 9.8% of the reported book, followed by MELI and SYY. Against the Q3 2025 filing, it opened 7 new positions, added to 9 and reduced 15 among the top 50 holdings.
What did Kerrisdale Advisers, LLC own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TDS TELEPHONE & DATA SYS INC | Communication Services | 9.8% | $20.7m | 506,067 | – | new |
| 2 | MELI MERCADOLIBRE INC | Consumer Cyclical | 8.1% | $17.3m | 8,564 | 69% | added |
| 3 | SYY SYSCO CORP | Consumer Defensive | 7.3% | $15.6m | 211,229 | 108% | added |
| 4 | V VISA INC | Financial Services | 6.5% | $13.8m | 39,472 | -0% | held |
| 5 | ACMR ACM RESH INC | Technology | 4.9% | $10.4m | 263,482 | 49% | added |
| 6 | SHC SOTERA HEALTH CO | Healthcare | 4.6% | $9.8m | 556,854 | -30% | reduced |
| 7 | AMZN AMAZON COM INC | Consumer Cyclical | 4.5% | $9.5m | 41,371 | 4% | added |
| 8 | GOOGL ALPHABET INC | Communication Services | 4.3% | $9.2m | 29,387 | -13% | reduced |
| 9 | KVUE KENVUE INC | Consumer Defensive | 2.8% | $5.9m | 343,837 | 109% | added |
| 10 | CIB GRUPO CIBEST SA | 2.7% | $5.8m | 91,110 | -9% | reduced | |
| 11 | NOBLE CORP PLC | 2.0% | $4.2m | 147,621 | -58% | reduced | |
| 12 | SNPS SYNOPSYS INC | Technology | 1.9% | $3.9m | 8,406 | 158% | added |
| 13 | LRN STRIDE INC | Consumer Defensive | 1.8% | $3.9m | 59,665 | – | new |
| 14 | UNP UNION PAC CORP | Industrials | 1.8% | $3.8m | 16,402 | 0% | held |
| 15 | APPF APPFOLIO INC | Technology | 1.8% | $3.7m | 16,016 | 8% | added |
| 16 | DAVA ENDAVA PLC | Technology | 1.7% | $3.6m | 567,416 | -2% | reduced |
| 17 | GTM ZOOMINFO TECHNOLOGIES INC | Technology | 1.7% | $3.5m | 348,428 | 0% | held |
| 18 | CART MAPLEBEAR INC | Consumer Cyclical | 1.5% | $3.3m | 73,040 | 10% | added |
| 19 | ZM ZOOM COMMUNICATIONS INC | Technology | 1.5% | $3.3m | 37,799 | -42% | reduced |
| 20 | DEO DIAGEO PLC | Consumer Defensive | 1.3% | $2.7m | 31,133 | 0% | held |
| 21 | LGN LEGENCE CORP | Industrials | 1.2% | $2.6m | 61,495 | – | new |
| 22 | UHAL/B U HAUL HOLDING COMPANY | 1.2% | $2.6m | 55,241 | 0% | held | |
| 23 | CPNG COUPANG INC | Consumer Cyclical | 1.2% | $2.6m | 109,085 | 0% | held |
| 24 | AMRZ AMRIZE LTD | Basic Materials | 1.2% | $2.5m | 47,050 | – | new |
| 25 | VALARIS LTD | 1.2% | $2.5m | 50,024 | -49% | reduced | |
| 26 | MSGE MADISON SQUARE GARDEN ENTMT | Communication Services | 1.1% | $2.3m | 42,969 | -1% | reduced |
| 27 | WMG WARNER MUSIC GROUP CORP | Communication Services | 1.0% | $2.0m | 66,530 | 0% | held |
| 28 | RTO RENTOKIL INITIAL PLC | 1.0% | $2.0m | 68,778 | 0% | held | |
| 29 | ON ON SEMICONDUCTOR CORP | Technology | 0.9% | $2.0m | 37,210 | 0% | held |
| 30 | MU MICRON TECHNOLOGY INC | Technology | 0.9% | $2.0m | 6,942 | -54% | reduced |
| 31 | WDC WESTERN DIGITAL CORP | Technology | 0.9% | $2.0m | 11,384 | -73% | reduced |
| 32 | UNH UNITEDHEALTH GROUP INC | Healthcare | 0.9% | $1.9m | 5,828 | -55% | reduced |
| 33 | ATKR ATKORE INC | Industrials | 0.8% | $1.8m | 28,074 | 0% | held |
| 34 | STX SEAGATE TECHNOLOGY HLDNGS PL | Technology | 0.7% | $1.6m | 5,724 | -81% | reduced |
| 35 | ETN EATON CORP PLC | Industrials | 0.7% | $1.5m | 4,797 | – | new |
| 36 | WAB WABTEC | Industrials | 0.7% | $1.5m | 6,925 | -5% | reduced |
| 37 | JOE ST JOE CO | Real Estate | 0.7% | $1.4m | 23,990 | 0% | held |
| 38 | FOXF FOX FACTORY HLDG CORP | Consumer Cyclical | 0.7% | $1.4m | 82,979 | 45% | added |
| 39 | KEYS KEYSIGHT TECHNOLOGIES INC | Technology | 0.6% | $1.3m | 6,613 | 0% | held |
| 40 | PBR PETROLEO BRASILEIRO SA PETRO | Energy | 0.6% | $1.3m | 111,126 | 0% | held |
| 41 | HSIC HENRY SCHEIN INC | Healthcare | 0.6% | $1.2m | 16,026 | 0% | held |
| 42 | KNX KNIGHT-SWIFT TRANSN HLDGS IN | Industrials | 0.6% | $1.2m | 22,587 | 0% | held |
| 43 | LBRT LIBERTY ENERGY INC | Energy | 0.6% | $1.2m | 63,805 | – | new |
| 44 | KSPI KASPI KZ JSC | 0.5% | $1.1m | 13,665 | 0% | held | |
| 45 | GTLB GITLAB INC | Technology | 0.5% | $964.0k | 25,685 | – | new |
| 46 | CRL CHARLES RIV LABS INTL INC | Healthcare | 0.4% | $916.2k | 4,593 | -38% | reduced |
| 47 | PMTS CPI CARD GROUP INC | 0.4% | $892.5k | 60,796 | 0% | held | |
| 48 | CCJ CAMECO CORP | Energy | 0.4% | $883.3k | 9,655 | -62% | reduced |
| 49 | BAH BOOZ ALLEN HAMILTON HLDG COR | Industrials | 0.4% | $797.4k | 9,452 | 0% | held |
| 50 | PERI PERION NETWORK LTD | Communication Services | 0.3% | $723.9k | 75,563 | 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.