# EDGAR Filing Document

**Accession Number:** 0001569688
**File Stem:** 0001172661-23-000856
**Filing Date:** 2023-2
**Character Count:** 12484
**Document Hash:** 5a96514db50b5cd6b0fb23f28edb60ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000856.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001172661-23-000856

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kerrisdale Advisers, LLC
- **CENTRAL INDEX KEY:** 0001569688
- **IRS NUMBER:** 264757417
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15277
- **FILM NUMBER:** 23623104

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 5TH STREET
- **STREET 2:** SUITE 401
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33139
- **BUSINESS PHONE:** (212) 792-9788

**MAIL ADDRESS:**
- **STREET 1:** 1000 5TH STREET
- **STREET 2:** SUITE 401
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33139

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Kerrisdale Advisers LLC<br>**Address:** 1000 5th Street<br>Suite 401<br>Miami, FL 33139

**Form 13F File Number:** 028-15277

**CRD Number (if applicable):** 000160804

**SEC File Number (if applicable):** 801-73986

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Edward Gu<br>**Title:** CCO<br>**Phone:** 212-584-8937

**Signature, Place, and Date of Signing:**

/s/  Edward Gu  Miami, FL  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 90

**Form 13F Information Table Value Total:** $337228778

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 8X8 INC NEW | COM | 282914100 |  | 266544 | 61700 | SH |  | SOLE |  | 61700 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 2439843 | 7250 | SH |  | SOLE |  | 7250 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 524637 | 8100 | SH |  | SOLE |  | 8100 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 3762764 | 42715 | SH |  | SOLE |  | 42715 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2934530 | 33260 | SH |  | SOLE |  | 33260 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 15024408 | 50058 | SH |  | SOLE |  | 50058 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 298178 | 3062 | SH |  | SOLE |  | 3062 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 541021 | 51379 | SH |  | SOLE |  | 51379 | 0 | 0 |
| APTARGROUP INC | COM | 038336103 |  | 2673504 | 24309 | SH |  | SOLE |  | 24309 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 957293 | 1752 | SH |  | SOLE |  | 1752 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 5699290 | 172080 | SH |  | SOLE |  | 172080 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 283452 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 958165 | 5030 | SH |  | SOLE |  | 5030 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 1983790 | 18980 | SH |  | SOLE |  | 18980 | 0 | 0 |
| BRUNSWICK CORP | COM | 117043109 |  | 3800923 | 52732 | SH |  | SOLE |  | 52732 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 |  | 4207058 | 13996 | SH |  | SOLE |  | 13996 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2213534 | 9240 | SH |  | SOLE |  | 9240 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 3453888 | 44879 | SH |  | SOLE |  | 44879 | 0 | 0 |
| CHESAPEAKE ENERGY CORP | COM | 165167735 |  | 460526 | 4880 | SH |  | SOLE |  | 4880 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 9701426 | 169635 | SH |  | SOLE |  | 169635 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1103300 | 9350 | SH |  | SOLE |  | 9350 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 5789388 | 186875 | SH |  | SOLE |  | 186875 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 14266131 | 33273 | SH |  | SOLE |  | 33273 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 1295708 | 21065 | SH |  | SOLE |  | 21065 | 0 | 0 |
| DIAMOND OFFSHORE DRILLING IN | COM | 25271C201 |  | 133359 | 12823 | SH |  | SOLE |  | 12823 | 0 | 0 |
| DIGITALOCEAN HLDGS INC | COM | 25402D102 |  | 254700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ELASTIC N V | ORD SHS | N14506104 |  | 1678900 | 32600 | SH |  | SOLE |  | 32600 | 0 | 0 |
| EUROSEAS LTD | SHS | Y23592135 |  | 409313 | 22185 | SH |  | SOLE |  | 22185 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 646466 | 1080 | SH |  | SOLE |  | 1080 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1803046 | 26574 | SH |  | SOLE |  | 26574 | 0 | 0 |
| FIGS INC | CL A | 30260D103 |  | 638576 | 94885 | SH |  | SOLE |  | 94885 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 |  | 1622890 | 2140 | SH |  | SOLE |  | 2140 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 4729526 | 25085 | SH |  | SOLE |  | 25085 | 0 | 0 |
| GLOBAL SHIP LEASE INC NEW | COM CL A | Y27183600 |  | 890325 | 53473 | SH |  | SOLE |  | 53473 | 0 | 0 |
| GRUPO AEROPORTUARIO DEL CENT | SPON ADR | 400501102 |  | 348221 | 5631 | SH |  | SOLE |  | 5631 | 0 | 0 |
| HERITAGE CRYSTAL CLEAN INC | COM | 42726M106 |  | 1378256 | 42434 | SH |  | SOLE |  | 42434 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 1673459 | 118685 | SH |  | SOLE |  | 118685 | 0 | 0 |
| INTERNATIONAL MNY EXPRESS IN | COM | 46005L101 |  | 1280083 | 52527 | SH |  | SOLE |  | 52527 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 1182690 | 9850 | SH |  | SOLE |  | 9850 | 0 | 0 |
| JD.COM INC | SPON ADR CL A | 47215P106 |  | 2235658 | 39830 | SH |  | SOLE |  | 39830 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 11500167 | 359830 | SH |  | SOLE |  | 359830 | 0 | 0 |
| KLX ENERGY SERVICS HOLDNGS I | COM NEW | 48253L205 |  | 929634 | 53705 | SH |  | SOLE |  | 53705 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 4139866 | 78990 | SH |  | SOLE |  | 78990 | 0 | 0 |
| KORN FERRY | COM NEW | 500643200 |  | 4911406 | 97025 | SH |  | SOLE |  | 97025 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 3012967 | 12795 | SH |  | SOLE |  | 12795 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807108 |  | 7989062 | 19008 | SH |  | SOLE |  | 19008 | 0 | 0 |
| LEE ENTERPRISES INC | COM | 523768406 |  | 255441 | 13763 | SH |  | SOLE |  | 13763 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 2704961 | 25715 | SH |  | SOLE |  | 25715 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 |  | 1271070 | 199540 | SH |  | SOLE |  | 199540 | 0 | 0 |
| MADISON SQUARE GRDN ENTERTNM | CL A | 55826T102 |  | 6634244 | 147526 | SH |  | SOLE |  | 147526 | 0 | 0 |
| MARQETA INC | CLASS A COM | 57142B104 |  | 810968 | 132728 | SH |  | SOLE |  | 132728 | 0 | 0 |
| MATSON INC | COM | 57686G105 |  | 1129556 | 18070 | SH |  | SOLE |  | 18070 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1901239 | 38040 | SH |  | SOLE |  | 38040 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 4641476 | 19354 | SH |  | SOLE |  | 19354 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 6477358 | 23248 | SH |  | SOLE |  | 23248 | 0 | 0 |
| NAVIOS MARITIME PARTNERS L P | COM UNIT LPI | Y62267409 |  | 502845 | 19370 | SH |  | SOLE |  | 19370 | 0 | 0 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 1177114 | 16207 | SH |  | SOLE |  | 16207 | 0 | 0 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 16074265 | 426260 | SH |  | SOLE |  | 426260 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 3804232 | 15438 | SH |  | SOLE |  | 15438 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 444080 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 17928780 | 251738 | SH |  | SOLE |  | 251738 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 2964534 | 18770 | SH |  | SOLE |  | 18770 | 0 | 0 |
| RCM TECHNOLOGIES INC | COM NEW | 749360400 |  | 642852 | 52095 | SH |  | SOLE |  | 52095 | 0 | 0 |
| RINGCENTRAL INC | CL A | 76680R206 |  | 542859 | 15335 | SH |  | SOLE |  | 15335 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 990638 | 24340 | SH |  | SOLE |  | 24340 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 6829427 | 20390 | SH |  | SOLE |  | 20390 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 1774054 | 13380 | SH |  | SOLE |  | 13380 | 0 | 0 |
| SANDRIDGE ENERGY INC | COM NEW | 80007P869 |  | 2646632 | 155410 | SH |  | SOLE |  | 155410 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 13579873 | 163102 | SH |  | SOLE |  | 163102 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 6873274 | 132026 | SH |  | SOLE |  | 132026 | 0 | 0 |
| ST JOE CO | COM | 790148100 |  | 2417094 | 62538 | SH |  | SOLE |  | 62538 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 227654 | 713 | SH |  | SOLE |  | 713 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 2591884 | 33903 | SH |  | SOLE |  | 33903 | 0 | 0 |
| TEUCRIUM COMMODITY TR | CORN FD SHS | 88166A102 |  | 535153 | 19872 | SH |  | SOLE |  | 19872 | 0 | 0 |
| TIDEWATER INC NEW | COM | 88642R109 |  | 16541744 | 448894 | SH |  | SOLE |  | 448894 | 0 | 0 |
| TITAN INTL INC ILL | COM | 88830M102 |  | 1027895 | 67095 | SH |  | SOLE |  | 67095 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 3549140 | 25351 | SH |  | SOLE |  | 25351 | 0 | 0 |
| TURTLE BEACH CORP | COM NEW | 900450206 |  | 328228 | 45778 | SH |  | SOLE |  | 45778 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 6180074 | 126227 | SH |  | SOLE |  | 126227 | 0 | 0 |
| U HAUL HOLDING COMPANY | COM | 023586100 |  | 1145957 | 19039 | SH |  | SOLE |  | 19039 | 0 | 0 |
| U HAUL HOLDING COMPANY | COM SER N | 023586506 |  | 2280625 | 41481 | SH |  | SOLE |  | 41481 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 12308034 | 59439 | SH |  | SOLE |  | 59439 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 4584997 | 8648 | SH |  | SOLE |  | 8648 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 2678352 | 61416 | SH |  | SOLE |  | 61416 | 0 | 0 |
| VALARIS LIMITED | CL A | G9460G101 |  | 21277174 | 314658 | SH |  | SOLE |  | 314658 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 9042131 | 43522 | SH |  | SOLE |  | 43522 | 0 | 0 |
| WEIBO CORP | SPONSORED ADR | 948596101 |  | 665873 | 34826 | SH |  | SOLE |  | 34826 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 3445733 | 83452 | SH |  | SOLE |  | 83452 | 0 | 0 |
| ZIM INTEGRATED SHIPPING SERV | SHS | M9T951109 |  | 304572 | 17718 | SH |  | SOLE |  | 17718 | 0 | 0 |
| ZOOM VIDEO COMMUNICATIONS IN | CL A | 98980L101 |  | 5466821 | 80703 | SH |  | SOLE |  | 80703 | 0 | 0 |

---