2026 Q1 Portfolio Activity
In 2026 Q1, Kerrisdale Advisers, LLC maintained a portfolio of 123 distinct positions. The most significant new addition was MARVELL TECHNOLOGY INC, now representing 4.29% of the total fund value. They heavily accumulated shares in MICROSOFT CORP, increasing the position by 2080.2%. The fund also reduced its exposure to SYSCO CORP by 60.5%.
Position History
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Total Positions
123
Quarter
2026 Q1
Top Holding
V (5.8%)
Top 10 Concentration
40.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 123
Kerrisdale Advisers, LLC Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
V
VISA INC
|
Financial Services | 5.76% | 6.52% |
#1
3
Prev: #4
|
6.8 |
—
|
10,559 | 26.8% |
P
S
|
50,031 | $15,121,369 |
$229.63
+40.4%
|
2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
MELI
MERCADOLIBRE IN...
|
Consumer Cyclical | 5.74% | 8.13% |
#2
Prev: #2
|
4.3 |
—
|
160 | 1.9% |
P
S
|
8,724 | $15,083,970 |
$1876.95
-15.3%
|
2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
TDS
TELEPHONE & DAT...
|
Communication Services | 4.77% | 9.77% |
#3
2
Prev: #1
|
2.9 |
—
|
-208,101 | -41.1% |
P
S
|
297,966 | $12,544,369 |
$40.96
-2.9%
|
2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 4.66% | 4.50% |
#4
3
Prev: #7
|
4.9 |
—
|
17,375 | 42.0% |
P
S
|
58,746 | $12,235,029 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MRVL
MARVELL TECHNOL...
|
Technology | 4.29% | — |
#5
Prev: #—
|
5.7 |
—
|
113,851 | — |
NEW
|
113,851 | $11,276,942 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ACMR
ACM RESH INC
|
Technology | 3.35% | 4.90% |
#6
1
Prev: #5
|
1.8 |
—
|
-39,727 | -15.1% |
P
S
|
223,755 | $8,804,759 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SHC
SOTERA HEALTH C...
|
Healthcare | 3.32% | 4.63% |
#7
1
Prev: #6
|
3.3 |
—
|
50,835 | 9.1% |
P
S
|
607,689 | $8,714,260 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 3.22% | 4.33% |
#8
Prev: #8
|
2.3 |
—
|
no change | no change |
P
S
|
29,387 | $8,450,526 | 2018 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ADTN
ADTRAN HOLDINGS...
|
Technology | 2.64% | — |
#9
Prev: #—
|
4.6 |
—
|
552,010 | — |
NEW
|
552,010 | $6,944,286 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SWKS
SKYWORKS SOLUTI...
|
Technology | 2.59% | — |
#10
Prev: #—
|
4.5 |
—
|
126,980 | — |
NEW
|
126,980 | $6,799,779 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LGN
LEGENCE CORP
|
Industrials | 2.28% | 1.25% |
#11
10
Prev: #21
|
3.9 |
—
|
44,425 | 72.2% |
P
S
|
105,920 | $5,980,243 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SYY
SYSCO CORP
|
Consumer Defensive | 2.27% | 7.33% |
#12
9
Prev: #3
|
0.9 |
—
|
-127,753 | -60.5% |
P
S
|
83,476 | $5,954,343 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UHAL/B
U HAUL HOLDING ...
|
Industrials | 2.16% | 1.22% |
#13
9
Prev: #22
|
3.9 |
—
|
71,991 | 130.3% |
P
S
|
127,232 | $5,683,453 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LRN
STRIDE INC
|
Consumer Defensive | 1.92% | 1.82% |
#14
1
Prev: #13
|
1.3 |
—
|
-2,510 | -4.2% |
P
S
|
57,155 | $5,039,356 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
POOL
POOL CORP
|
Industrials | 1.86% | — |
#15
Prev: #—
|
4.2 |
—
|
24,175 | — |
NEW
|
24,175 | $4,891,328 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UNP
UNION PAC CORP
|
Industrials | 1.85% | 1.79% |
#16
2
Prev: #14
|
3.2 |
—
|
3,670 | 22.4% |
P
S
|
20,072 | $4,869,869 | 2012 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 1.74% | 0.13% |
#17
50
Prev: #67
|
3.7 |
—
|
11,795 | 2080.2% |
P
S
|
12,362 | $4,576,042 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SNPS
SYNOPSYS INC
|
Technology | 1.54% | 1.86% |
#18
6
Prev: #12
|
3.1 |
—
|
1,825 | 21.7% |
P
S
|
10,231 | $4,056,387 | 2016 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DV
DOUBLEVERIFY HL...
|
Communication Services | 1.44% | — |
#19
Prev: #—
|
4.1 |
—
|
398,439 | — |
NEW
|
398,439 | $3,785,171 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ZM
ZOOM COMMUNICAT...
|
Technology | 1.43% | 1.54% |
#20
1
Prev: #19
|
3.1 |
—
|
8,850 | 23.4% |
P
S
|
46,649 | $3,750,113 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CNQ
CANADIAN NAT RE...
|
Energy | 1.36% | — |
#21
Prev: #—
|
4.0 |
—
|
73,150 | — |
NEW
|
73,150 | $3,567,216 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
APPF
APPFOLIO INC
|
Technology | 1.34% | 1.76% |
#22
7
Prev: #15
|
3.0 |
—
|
6,328 | 39.5% |
P
S
|
22,344 | $3,526,330 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CART
MAPLEBEAR INC
|
Consumer Cyclical | 1.34% | 1.55% |
#23
5
Prev: #18
|
3.0 |
—
|
20,976 | 28.7% |
P
S
|
94,016 | $3,521,839 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AMRZ
AMRIZE LTD
|
Basic Materials | 1.32% | 1.20% |
#24
Prev: #24
|
3.0 |
—
|
14,670 | 31.2% |
P
S
|
61,720 | $3,457,554 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
KVUE
KENVUE INC
|
Consumer Defensive | 1.12% | 2.79% |
#25
16
Prev: #9
|
0.4 |
—
|
-173,030 | -50.3% |
P
S
|
170,807 | $2,944,713 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CVE
CENOVUS ENERGY ...
|
Energy | 1.12% | — |
#26
Prev: #—
|
3.9 |
—
|
110,950 | — |
NEW
|
110,950 | $2,943,677 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CIB
GRUPO CIBEST SA
|
Financial Services | 1.10% | 2.73% |
#27
17
Prev: #10
|
0.4 |
—
|
-51,410 | -56.4% |
P
S
|
39,700 | $2,890,557 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CPNG
COUPANG INC
|
Consumer Cyclical | 1.08% | 1.21% |
#28
5
Prev: #23
|
2.9 |
—
|
41,205 | 37.8% |
P
S
|
150,290 | $2,837,475 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
INTC
INTEL CORP
|
Technology | 1.03% | — |
#29
Prev: #—
|
3.9 |
—
|
61,285 | — |
NEW
|
61,285 | $2,704,507 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IPGP
IPG PHOTONICS C...
|
Technology | 1.02% | — |
#30
Prev: #—
|
3.9 |
—
|
23,440 | — |
NEW
|
23,440 | $2,685,990 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DEO
DIAGEO PLC
|
Consumer Defensive | 0.97% | 1.27% |
#31
11
Prev: #20
|
2.4 |
—
|
3,100 | 10.0% |
P
S
|
34,233 | $2,548,647 | 2014 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ETN
EATON CORP PLC
|
Industrials | 0.96% | 0.72% |
#32
3
Prev: #35
|
2.9 |
—
|
2,280 | 47.5% |
P
S
|
7,077 | $2,531,231 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DAVA
ENDAVA PLC
|
Technology | 0.95% | 1.69% |
#33
17
Prev: #16
|
1.4 |
—
|
no change | no change |
P
S
|
567,416 | $2,507,979 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UNH
UNITEDHEALTH GR...
|
Healthcare | 0.91% | 0.91% |
#34
2
Prev: #32
|
3.4 |
—
|
3,021 | 51.8% |
P
S
|
8,849 | $2,394,451 | 2015 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PBR
PETROLEO BRASIL...
|
Energy | 0.88% | 0.62% |
#35
5
Prev: #40
|
1.4 |
—
|
no change | no change |
P
S
|
111,126 | $2,305,865 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ON
ON SEMICONDUCTO...
|
Technology | 0.88% | 0.95% |
#36
7
Prev: #29
|
1.4 |
—
|
no change | no change |
P
S
|
37,210 | $2,304,043 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RRX
REGAL REXNORD C...
|
Industrials | 0.87% | — |
#37
Prev: #—
|
3.8 |
—
|
12,230 | — |
NEW
|
12,230 | $2,290,190 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NOK
NOKIA CORP
|
Technology | 0.87% | — |
#38
Prev: #—
|
3.8 |
—
|
283,845 | — |
NEW
|
283,845 | $2,282,114 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MSGE
MADISON SQUARE ...
|
Consumer Cyclical | 0.70% | 1.09% |
#39
13
Prev: #26
|
0.3 |
—
|
-11,900 | -27.7% |
P
S
|
31,069 | $1,830,275 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ICLR
ICON PLC
|
Healthcare | 0.66% | — |
#40
Prev: #—
|
3.8 |
—
|
15,646 | — |
NEW
|
15,646 | $1,731,386 | 2015 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WAB
WABTEC
|
Industrials | 0.66% | 0.70% |
#41
5
Prev: #36
|
1.3 |
—
|
no change | no change |
P
S
|
6,925 | $1,730,627 | 2019 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ADEA
ADEIA INC
|
Technology | 0.65% | — |
#42
Prev: #—
|
3.8 |
—
|
70,830 | — |
NEW
|
70,830 | $1,702,045 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PYPL
PAYPAL HLDGS IN...
|
Financial Services | 0.63% | — |
#43
Prev: #—
|
3.8 |
—
|
36,866 | — |
NEW
|
36,866 | $1,667,449 | 2016 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ATKR
ATKORE INC
|
Industrials | 0.63% | 0.84% |
#44
11
Prev: #33
|
1.3 |
—
|
no change | no change |
P
S
|
28,074 | $1,653,839 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
JOE
ST JOE CO
|
Real Estate | 0.57% | 0.67% |
#45
8
Prev: #37
|
1.2 |
—
|
no change | no change |
P
S
|
23,990 | $1,506,572 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GTLB
GITLAB INC
|
Technology | 0.57% | 0.45% |
#46
1
Prev: #45
|
3.2 |
—
|
43,295 | 168.6% |
P
S
|
68,980 | $1,492,727 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UBER
UBER TECHNOLOGI...
|
Technology | 0.52% | — |
#47
Prev: #—
|
3.7 |
—
|
18,960 | — |
NEW
|
18,960 | $1,363,793 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WHD
CACTUS INC
|
Energy | 0.50% | — |
#48
Prev: #—
|
3.7 |
—
|
27,780 | — |
NEW
|
27,780 | $1,315,939 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BAC
BANK AMERICA CO...
|
Financial Services | 0.50% | — |
#49
Prev: #—
|
3.7 |
—
|
26,730 | — |
NEW
|
26,730 | $1,303,088 | 2013 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SNAP
SNAP INC
|
Communication Services | 0.50% | 0.15% |
#50
13
Prev: #63
|
3.2 |
—
|
244,054 | 627.4% |
P
S
|
282,954 | $1,301,588 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-50 of 123 holdings