Kerrisdale Advisers, LLC Top Holdings and 13F Report (2024)

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About Kerrisdale Advisers, LLC

Investment Activity

Kerrisdale Advisers, LLC has $318.26 million in total holdings as of March 31, 2024.
Kerrisdale Advisers, LLC owns shares of 87 different stocks, but just 31 companies or ETFs make up 80% of its holdings.
Approximately 8.88% of the portfolio was purchased this quarter.
About 19.45% of the portfolio was sold this quarter.
This quarter, Kerrisdale Advisers, LLC has purchased 81 new stocks and bought additional shares in 13 stocks.
Kerrisdale Advisers, LLC sold shares of 37 stocks and completely divested from 7 stocks this quarter.

Largest Holdings

Visa: $22,659,622
Noble: $19,059,673
Sysco: $18,625,290
Diageo: $16,065,259
Westinghouse Air Brake Technologies: $15,504,722

Largest New Holdings this Quarter

CRH PLC: $2,750,055 Holding
Endava: $2,225,796 Holding
Boeing: $1,817,966 Holding
Dropbox: $1,633,325 Holding
Henry Schein: $1,574,894 Holding

Largest Purchases this Quarter

Alphabet: 19,515 shares (about $2.95M)
Garrett Motion: 288,190 shares (about $2.86M)
CRH PLC: 31,881 shares (about $2.75M)
Amazon.com: 14,265 shares (about $2.57M)
Endava: 58,512 shares (about $2.23M)

Largest Sales this Quarter

AON: 20,527 shares (about $6.85M)
Lam Research: 5,430 shares (about $5.28M)
Norfolk Southern: 19,090 shares (about $4.87M)
Charles River Laboratories International: 14,118 shares (about $3.83M)
Sysco: 44,360 shares (about $3.60M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
V Visa	$22,659,622	$362,804 ▼	-1.6%	81,194	7.1%	Business Services
NE Noble	$19,059,673		0.0%	393,064	6.0%	Oils/Energy
SYY Sysco	$18,625,290	$3,601,145 ▼	-16.2%	229,432	5.9%	Consumer Staples
DEO Diageo	$16,065,259	$95,491 ▲	0.6%	108,009	5.0%	Consumer Staples
WAB Westinghouse Air Brake Technologies	$15,504,722	$565,238 ▼	-3.5%	106,430	4.9%	Transportation
GOOGL Alphabet	$13,796,059	$2,945,399 ▲	27.1%	91,407	4.3%	Computer and Technology
VAL Valaris	$11,671,246	$224,275 ▼	-1.9%	155,079	3.7%	Oils/Energy
SHC Sotera Health	$11,624,647	$1,092,682 ▲	10.4%	967,914	3.7%	Medical
AON AON	$10,829,214	$6,850,270 ▼	-38.7%	32,450	3.4%	Finance
CSX CSX	$8,227,316	$601,461 ▼	-6.8%	221,940	2.6%	Transportation
MSGE Madison Square Garden Entertainment	$7,422,414	$117,630 ▲	1.6%	189,299	2.3%	Consumer Discretionary
BAC Bank of America	$7,099,724	$798,974 ▼	-10.1%	187,229	2.2%	Finance
UNP Union Pacific	$7,052,535	$194,285 ▼	-2.7%	28,677	2.2%	Transportation
CIB Bancolombia	$6,959,664		0.0%	203,380	2.2%	Finance
ZM Zoom Video Communications	$6,697,745	$200,359 ▼	-2.9%	102,459	2.1%	Computer and Technology
STX Seagate Technology	$6,609,342	$3,327,189 ▼	-33.5%	71,030	2.1%	Business Services
MSFT Microsoft	$6,165,652	$6,311 ▼	-0.1%	14,655	1.9%	Computer and Technology
NOC Northrop Grumman	$6,020,585	$100,997 ▼	-1.6%	12,578	1.9%	Aerospace
IMXI International Money Express	$5,917,787	$76,823 ▼	-1.3%	259,211	1.9%	Business Services
BABA Alibaba Group	$5,614,123		0.0%	77,586	1.8%	Retail/Wholesale
SPGI S&P Global	$5,165,388		0.0%	12,141	1.6%	Business Services
KFY Korn Ferry	$4,890,966	$565,536 ▼	-10.4%	74,376	1.5%	Business Services
AMZN Amazon.com	$4,234,421	$2,573,121 ▲	154.9%	23,475	1.3%	Retail/Wholesale
MOS Mosaic	$4,045,165	$733,596 ▲	22.2%	124,620	1.3%	Basic Materials
CRM Salesforce	$3,903,594	$2,863,619 ▼	-42.3%	12,961	1.2%	Computer and Technology
MCO Moody's	$3,801,779		0.0%	9,673	1.2%	Finance
KNX Knight-Swift Transportation	$3,687,000		0.0%	67,012	1.2%	Transportation
U HAUL HOLDING COMPANY	$3,683,470		0.0%	55,241	1.2%	COM SER N
DE Deere & Company	$3,479,789	$1,498,379 ▲	75.6%	8,472	1.1%	Industrial Products
GTX Garrett Motion	$3,474,785	$2,864,608 ▲	469.5%	349,576	1.1%	Auto/Tires/Trucks
PMTS CPI Card Group	$3,449,355	$122,680 ▲	3.7%	193,133	1.1%	Business Services
CRL Charles River Laboratories International	$2,981,805	$3,825,272 ▼	-56.2%	11,005	0.9%	Medical
CRH PLC	$2,750,055	$2,750,055 ▲	New Holding	31,881	0.9%	ORD
SMG Scotts Miracle-Gro	$2,623,629	$419,196 ▲	19.0%	35,174	0.8%	Basic Materials
PNC The PNC Financial Services Group	$2,558,936		0.0%	15,835	0.8%	Finance
TMUS T-Mobile US	$2,298,954	$456,200 ▼	-16.6%	14,085	0.7%	Computer and Technology
DAVA Endava	$2,225,796	$2,225,796 ▲	New Holding	58,512	0.7%	Computer and Technology
JOE St. Joe	$2,191,440		0.0%	37,803	0.7%	Finance
UNH UnitedHealth Group	$1,916,963	$1,199,648 ▼	-38.5%	3,875	0.6%	Medical
USB U.S. Bancorp	$1,853,754		0.0%	41,471	0.6%	Finance
BA Boeing	$1,817,966	$1,817,966 ▲	New Holding	9,420	0.6%	Aerospace
BALL Ball	$1,716,063	$2,918,978 ▼	-63.0%	25,476	0.5%	Industrial Products
NSC Norfolk Southern	$1,676,535	$4,865,469 ▼	-74.4%	6,578	0.5%	Transportation
CBRE CBRE Group	$1,666,402		0.0%	17,137	0.5%	Finance
DBX Dropbox	$1,633,325	$1,633,325 ▲	New Holding	67,215	0.5%	Computer and Technology
WFC Wells Fargo & Company	$1,605,260	$2,603,853 ▼	-61.9%	27,696	0.5%	Finance
HSIC Henry Schein	$1,574,894	$1,574,894 ▲	New Holding	20,854	0.5%	Medical
TWKS Thoughtworks	$1,540,967	$1,426,447 ▲	1,245.6%	609,078	0.5%	Business Services
PBR Petróleo Brasileiro S.A. - Petrobras	$1,520,939	$94,454 ▼	-5.8%	99,996	0.5%	Oils/Energy
LRCX Lam Research	$1,507,877	$5,275,626 ▼	-77.8%	1,552	0.5%	Computer and Technology
PYPL PayPal	$1,356,614	$50,912 ▼	-3.6%	20,251	0.4%	Computer and Technology
JD JD.com	$1,319,239	$228,296 ▲	20.9%	48,165	0.4%	Retail/Wholesale
ASML ASML	$1,246,083	$206,710 ▼	-14.2%	1,284	0.4%	Computer and Technology
CRON Cronos Group	$1,211,150	$65,250 ▼	-5.1%	464,042	0.4%	Medical
ATKR Atkore	$1,175,473	$47,590 ▲	4.2%	6,175	0.4%	Industrial Products
SLGN Silgan	$1,152,329	$291,360 ▼	-20.2%	23,730	0.4%	Industrial Products
NXE NexGen Energy	$1,063,756		0.0%	136,783	0.3%	Basic Materials
FOXF Fox Factory	$998,442	$998,442 ▲	New Holding	19,175	0.3%	Auto/Tires/Trucks
LH Laboratory Co. of America	$954,452		0.0%	4,369	0.3%	Medical
EC Ecopetrol	$898,005	$49,195 ▼	-5.2%	75,845	0.3%	Oils/Energy
UHAL U-Haul	$858,704		0.0%	12,714	0.3%	Transportation
EPAM EPAM Systems	$789,265	$478,309 ▼	-37.7%	2,858	0.2%	Computer and Technology
PAYO Payoneer Global	$767,661	$767,661 ▲	New Holding	157,955	0.2%	Business Services
OBE Obsidian Energy	$740,540		0.0%	90,000	0.2%	Oils/Energy
CCJ Cameco	$739,256		0.0%	17,065	0.2%	Basic Materials
KEYS Keysight Technologies	$666,648		0.0%	4,263	0.2%	Computer and Technology
DOCU DocuSign	$634,505	$634,505 ▲	New Holding	10,655	0.2%	Business Services
VTLE Vital Energy	$551,197	$565,173 ▼	-50.6%	10,491	0.2%	Oils/Energy
WMG Warner Music Group	$499,758		0.0%	15,135	0.2%	Consumer Discretionary
OXY Occidental Petroleum	$458,180		0.0%	7,050	0.1%	Oils/Energy
NTES NetEase	$457,544	$1,979,897 ▼	-81.2%	4,422	0.1%	Computer and Technology
ZI ZoomInfo Technologies	$439,062		0.0%	27,390	0.1%	Computer and Technology
ROKU Roku	$427,515	$427,515 ▲	New Holding	6,560	0.1%	Consumer Discretionary
CDMO Avid Bioservices	$417,450	$41,875 ▼	-9.1%	62,306	0.1%	Medical
KWEB KraneShares CSI China Internet ETF	$403,856	$403,856 ▲	New Holding	15,385	0.1%	Manufacturing
FIGS FIGS	$344,402	$344,402 ▲	New Holding	69,157	0.1%	Retail/Wholesale
FUTU Futu	$330,044	$330,044 ▲	New Holding	6,095	0.1%	Business Services
WB Weibo	$316,568		0.0%	34,826	0.1%	Computer and Technology
ATR AptarGroup	$313,680	$581,459 ▼	-65.0%	2,180	0.1%	Industrial Products
RCMT RCM Technologies	$250,820	$128,220 ▼	-33.8%	11,737	0.1%	Business Services
AMAT Applied Materials	$250,569	$27,222 ▼	-9.8%	1,215	0.1%	Computer and Technology
CMPO CompoSecure	$233,695	$65,540 ▼	-21.9%	32,323	0.1%	Business Services
TIGR UP Fintech	$200,638	$200,638 ▲	New Holding	58,325	0.1%	Finance
LEE Lee Enterprises	$183,461		0.0%	13,763	0.1%	Consumer Staples
DNN Denison Mines	$179,595		0.0%	92,100	0.1%	Basic Materials
AVAL Grupo Aval Acciones y Valores	$173,250		0.0%	75,000	0.1%	Finance
CUTR Cutera	$155,739	$64,299 ▼	-29.2%	105,945	0.0%	Computer and Technology
SPHR Sphere Entertainment	$0	$6,208,635 ▼	-100.0%	0	0.0%	Consumer Discretionary
CAT Caterpillar	$0	$5,417,561 ▼	-100.0%	0	0.0%	Industrial Products
BTU Peabody Energy	$0	$1,216,000 ▼	-100.0%	0	0.0%	Oils/Energy
LDOS Leidos	$0	$1,169,533 ▼	-100.0%	0	0.0%	Aerospace
JNPR Juniper Networks	$0	$741,127 ▼	-100.0%	0	0.0%	Computer and Technology
COP ConocoPhillips	$0	$560,618 ▼	-100.0%	0	0.0%	Oils/Energy
LESL Leslie's	$0	$416,037 ▼	-100.0%	0	0.0%	Consumer Staples