AI Portfolio Summary
In 2025 Q4, Kerrisdale Advisers, LLC maintained a portfolio of 86 distinct positions. The most significant new addition to the portfolio was TELEPHONE & DATA SYS, which now represents 9.77% of the total fund value. The fund also reduced its exposure to SEAGATE TECHNOLOGY H by 81.0%.
Total Positions
86
Quarter
2025 Q4
Top Holding
TDS (9.8%)
Top 10 Concentration
55.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 86
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
TDS
TELEPHONE & DAT...
|
Communication Services | 9.77% | — |
#1
Prev: #—
|
9.4 | 506,067 | no change |
NEW
|
506,067 | $20,748,747 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MELI
MERCADOLIBRE IN...
|
Consumer Cyclical | 8.13% | 6.15% |
#2
1
Prev: #3
|
7.8 | 3,488 | 68.7% |
P
S
|
8,564 | $17,250,123 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SYY
SYSCO CORP
|
Consumer Defensive | 7.33% | 4.33% |
#3
3
Prev: #6
|
6.9 | 109,806 | 108.3% |
P
S
|
211,229 | $15,565,465 | 2022 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
V
VISA INC
|
Financial Services | 6.52% | 7.02% |
#4
3
Prev: #1
|
3.6 | -192 | -0.5% |
P
S
|
39,472 | $13,843,225 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ACMR
ACM RESH INC
|
Technology | 4.90% | 3.58% |
#5
4
Prev: #9
|
5.0 | 86,901 | 49.2% |
P
S
|
263,482 | $10,394,365 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SHC
SOTERA HEALTH C...
|
Healthcare | 4.63% | 6.49% |
#6
4
Prev: #2
|
1.9 | -238,458 | -30.0% |
P
S
|
556,854 | $9,822,905 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 4.50% | 4.53% |
#7
2
Prev: #5
|
2.3 | 1,570 | 3.9% |
P
S
|
41,371 | $9,549,254 | 2020 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 4.33% | 4.28% |
#8
1
Prev: #7
|
2.2 | -4,540 | -13.4% |
P
S
|
29,387 | $9,198,131 | 2018 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KVUE
KENVUE INC
|
Consumer Defensive | 2.79% | 1.38% |
#9
14
Prev: #23
|
4.1 | 179,617 | 109.4% |
P
S
|
343,837 | $5,931,188 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CIB
GRUPO CIBEST SA
|
Financial Services | 2.73% | 2.69% |
#10
2
Prev: #12
|
1.6 | -8,752 | -8.8% |
P
S
|
91,110 | $5,795,507 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NE
NOBLE CORP PLC
|
Energy | 1.96% | 5.16% |
#11
7
Prev: #4
|
0.8 | -204,364 | -58.1% |
P
S
|
147,621 | $4,168,817 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SNPS
SYNOPSYS INC
|
Technology | 1.86% | 0.83% |
#12
21
Prev: #33
|
3.7 | 5,143 | 157.6% |
P
S
|
8,406 | $3,948,466 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LRN
STRIDE INC
|
Consumer Defensive | 1.82% | — |
#13
Prev: #—
|
4.2 | 59,665 | no change |
NEW
|
59,665 | $3,874,048 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UNP
UNION PAC CORP
|
Industrials | 1.79% | 2.01% |
#14
3
Prev: #17
|
1.7 | no change | no change |
P
S
|
16,402 | $3,794,111 | 2012 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APPF
APPFOLIO INC
|
Technology | 1.76% | 2.11% |
#15
1
Prev: #16
|
2.7 | 1,238 | 8.4% |
P
S
|
16,016 | $3,726,122 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DAVA
ENDAVA PLC
|
Technology | 1.69% | 2.72% |
#16
5
Prev: #11
|
1.2 | -9,427 | -1.6% |
P
S
|
567,416 | $3,586,069 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GTM
ZOOMINFO TECHNO...
|
Technology | 1.67% | 1.97% |
#17
1
Prev: #18
|
1.7 | no change | no change |
P
S
|
348,428 | $3,543,513 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CART
MAPLEBEAR INC
|
Consumer Cyclical | 1.55% | 1.27% |
#18
8
Prev: #26
|
2.6 | 6,495 | 9.8% |
P
S
|
73,040 | $3,285,339 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ZM
ZOOM COMMUNICAT...
|
Technology | 1.54% | 2.77% |
#19
9
Prev: #10
|
0.6 | -26,880 | -41.6% |
P
S
|
37,799 | $3,261,676 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DEO
DIAGEO PLC
|
Consumer Defensive | 1.27% | 1.54% |
#20
1
Prev: #21
|
1.5 | no change | no change |
P
S
|
31,133 | $2,685,844 | 2014 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LGN
LEGENCE CORP
|
Industrials | 1.25% | — |
#21
Prev: #—
|
4.0 | 61,495 | no change |
NEW
|
61,495 | $2,646,745 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UHAL/B
U HAUL HOLDING ...
|
Industrials | 1.22% | 1.46% |
#22
Prev: #22
|
1.5 | no change | no change |
P
S
|
55,241 | $2,581,964 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CPNG
COUPANG INC
|
Consumer Cyclical | 1.21% | 1.82% |
#23
4
Prev: #19
|
1.5 | no change | no change |
P
S
|
109,085 | $2,573,315 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMRZ
AMRIZE LTD
|
Basic Materials | 1.20% | — |
#24
Prev: #—
|
4.0 | 47,050 | no change |
NEW
|
47,050 | $2,544,464 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VAL
VALARIS LTD
|
Energy | 1.19% | 2.46% |
#25
11
Prev: #14
|
0.5 | -47,311 | -48.6% |
P
S
|
50,024 | $2,521,210 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSGE
MADISON SQUARE ...
|
Consumer Cyclical | 1.09% | 1.02% |
#26
3
Prev: #29
|
0.9 | -526 | -1.2% |
P
S
|
42,969 | $2,315,599 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WMG
WARNER MUSIC GR...
|
Communication Services | 0.96% | 1.17% |
#27
Prev: #27
|
1.4 | no change | no change |
P
S
|
66,530 | $2,040,475 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RTO
RENTOKIL INITIA...
|
Industrials | 0.95% | 0.90% |
#28
4
Prev: #32
|
1.4 | no change | no change |
P
S
|
68,778 | $2,026,200 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ON
ON SEMICONDUCTO...
|
Technology | 0.95% | 0.95% |
#29
1
Prev: #30
|
1.4 | no change | no change |
P
S
|
37,210 | $2,014,922 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MU
MICRON TECHNOLO...
|
Technology | 0.93% | 1.31% |
#30
5
Prev: #25
|
0.4 | -8,117 | -53.9% |
P
S
|
6,942 | $1,981,316 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WDC
WESTERN DIGITAL...
|
Technology | 0.92% | 2.64% |
#31
18
Prev: #13
|
0.4 | -31,070 | -73.2% |
P
S
|
11,384 | $1,961,122 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UNH
UNITEDHEALTH GR...
|
Healthcare | 0.91% | 2.33% |
#32
17
Prev: #15
|
0.4 | -7,192 | -55.2% |
P
S
|
5,828 | $1,923,881 | 2015 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ATKR
ATKORE INC
|
Industrials | 0.84% | 0.91% |
#33
2
Prev: #31
|
1.3 | no change | no change |
P
S
|
28,074 | $1,775,681 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
STX
SEAGATE TECHNOL...
|
Technology | 0.74% | 3.68% |
#34
26
Prev: #8
|
0.3 | -24,334 | -81.0% |
P
S
|
5,724 | $1,576,332 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ETN
EATON CORP PLC
|
Industrials | 0.72% | — |
#35
Prev: #—
|
3.8 | 4,797 | no change |
NEW
|
4,797 | $1,527,892 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WAB
WABTEC
|
Industrials | 0.70% | 0.76% |
#36
2
Prev: #34
|
0.8 | -370 | -5.1% |
P
S
|
6,925 | $1,478,141 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JOE
ST JOE CO
|
Real Estate | 0.67% | 0.62% |
#37
2
Prev: #39
|
1.3 | no change | no change |
P
S
|
23,990 | $1,424,286 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FOXF
FOX FACTORY HLD...
|
Consumer Cyclical | 0.67% | 0.72% |
#38
2
Prev: #36
|
2.8 | 25,885 | 45.3% |
P
S
|
82,979 | $1,419,771 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KEYS
KEYSIGHT TECHNO...
|
Technology | 0.63% | 0.60% |
#39
2
Prev: #41
|
1.3 | no change | no change |
P
S
|
6,613 | $1,343,695 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PBR
PETROLEO BRASIL...
|
Energy | 0.62% | 0.73% |
#40
5
Prev: #35
|
1.2 | no change | no change |
P
S
|
111,126 | $1,316,843 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HSIC
HENRY SCHEIN IN...
|
Healthcare | 0.57% | 0.55% |
#41
2
Prev: #43
|
1.2 | no change | no change |
P
S
|
16,026 | $1,211,245 | 2012 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KNX
KNIGHT-SWIFT TR...
|
Industrials | 0.56% | 0.46% |
#42
5
Prev: #47
|
1.2 | no change | no change |
P
S
|
22,587 | $1,180,848 | 2022 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LBRT
LIBERTY ENERGY ...
|
Energy | 0.55% | — |
#43
Prev: #—
|
3.7 | 63,805 | no change |
NEW
|
63,805 | $1,177,840 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KSPI
KASPI KZ JSC
|
Technology | 0.50% | 0.58% |
#44
2
Prev: #42
|
1.2 | no change | no change |
P
S
|
13,665 | $1,067,646 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GTLB
GITLAB INC
|
Technology | 0.45% | — |
#45
Prev: #—
|
3.7 | 25,685 | no change |
NEW
|
25,685 | $963,958 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRL
CHARLES RIV LAB...
|
Healthcare | 0.43% | 0.61% |
#46
6
Prev: #40
|
0.2 | -2,865 | -38.4% |
P
S
|
4,593 | $916,212 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PMTS
CPI CARD GROUP ...
|
Financial Services | 0.42% | 0.48% |
#47
1
Prev: #46
|
1.2 | no change | no change |
P
S
|
60,796 | $892,485 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCJ
CAMECO CORP
|
Energy | 0.42% | 1.10% |
#48
20
Prev: #28
|
0.2 | -15,735 | -62.0% |
P
S
|
9,655 | $883,336 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BAH
BOOZ ALLEN HAMI...
|
Industrials | 0.38% | 0.49% |
#49
4
Prev: #45
|
1.2 | no change | no change |
P
S
|
9,452 | $797,371 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PERI
PERION NETWORK ...
|
Communication Services | 0.34% | 0.38% |
#50
1
Prev: #51
|
1.1 | no change | no change |
P
S
|
75,563 | $723,894 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 86 holdings