Kerrisdale Advisers, LLC
Q1 2014 13F-HR Holdings
Net value change ($000)
-23,284
(-10.3%)
New positions
9
Sold out positions
22
Turnover %
48.7%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q4 2013
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| HLF | 9,123 | 121.0% |
| JGWPT HLDGS INC | 8,751 | 223.6% |
| NUS | 7,768 | NEW |
| BGC | 7,381 | NEW |
| MTCH | 7,070 | 164.9% |
| HARBINGER GROUP INC | 4,442 | 294.4% |
| *ING U S INC | 3,999 | 38.4% |
| JLL | 3,803 | 24.7% |
| STC | 2,455 | 110.5% |
| VIOLIN MEMORY INC | 2,251 | NEW |
Top Reduces (Value $000, Stocks/ETFs)
| E TRADE FINANCIAL CORP | -12,637 | -100.0% |
| MUSA | -7,243 | -100.0% |
| UNP | -7,180 | -100.0% |
| LNN | -5,969 | -100.0% |
| WMT | -5,757 | -100.0% |
| PRA | -5,311 | -100.0% |
| BRK-B | -4,962 | -100.0% |
| CHICO'S FAS, INC. | -4,558 | -39.5% |
| IBM | -4,214 | -66.2% |
| BRK-B | -3,952 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
1,875
(0.9% of total reported value)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|