Kerrisdale Advisers, LLC

Q4 2025 13F-HR Holdings

Location
Miami, FL
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
76
Total value ($000)
$212,306
Net value change ($000)
+19,451 (10.1%)
New positions
11
Sold out positions
10
Turnover %
21.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
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)
TDSPRU 20,749 NEW
SYY 7,214 86.4%
MELI 5,388 45.4%
LRN 3,874 NEW
ACMR 3,484 50.4%
KVUE 3,266 122.6%
LGN 2,647 NEW
AMRZ 2,544 NEW
SNPS 2,338 145.2%
ETN 1,528 NEW
Top Reduces (Value $000, Stocks/ETFs)
NE -5,785 -58.1%
STX -5,519 -77.8%
WDC -3,136 -61.5%
FTRE -3,016 -100.0%
SHC -2,687 -21.5%
IMXI -2,644 -100.0%
UNH -2,572 -57.2%
VAL -2,226 -46.9%
ZM -2,074 -38.9%
DAVA -1,663 -31.7%
Instrument mix + QoQ Δ (ex-options)
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.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type