# EDGAR Filing Document

**Accession Number:** 0001569688
**File Stem:** 0001172661-26-002087
**Filing Date:** 2026-5
**Character Count:** 14387
**Document Hash:** 77aa63d517ff04fae92b98e0d9963605
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-002087.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001172661-26-002087

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kerrisdale Advisers, LLC
- **CENTRAL INDEX KEY:** 0001569688

**ORGANIZATION NAME:**
- **EIN:** 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:** 26983606

**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:** 03-31-2026

**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  05-15-2026<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:** 112

**Form 13F Information Table Value Total:** $262724896

      (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 |
| ACM RESH INC | COM CL A | 00108J109 |  | 8804759 | 223755 | SH |  | SOLE |  | 223755 | 0 | 0 |
| ACV AUCTIONS INC | COM CL A | 00091G104 |  | 386158 | 91075 | SH |  | SOLE |  | 91075 | 0 | 0 |
| ADEIA INC | COM | 00676P107 |  | 1702045 | 70830 | SH |  | SOLE |  | 70830 | 0 | 0 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 6944286 | 552010 | SH |  | SOLE |  | 552010 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 8450526 | 29387 | SH |  | SOLE |  | 29387 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 12235029 | 58746 | SH |  | SOLE |  | 58746 | 0 | 0 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 761275 | 29190 | SH |  | SOLE |  | 29190 | 0 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 3457554 | 61720 | SH |  | SOLE |  | 61720 | 0 | 0 |
| APPFOLIO INC | COM CL A | 03783C100 |  | 3526330 | 22344 | SH |  | SOLE |  | 22344 | 0 | 0 |
| ATKORE INC | COM | 047649108 |  | 1653839 | 28074 | SH |  | SOLE |  | 28074 | 0 | 0 |
| AZENTA INC | COM | 114340102 |  | 404217 | 19130 | SH |  | SOLE |  | 19130 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1303088 | 26730 | SH |  | SOLE |  | 26730 | 0 | 0 |
| BELDEN INC | COM | 077454106 |  | 1065622 | 9280 | SH |  | SOLE |  | 9280 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 969289 | 12422 | SH |  | SOLE |  | 12422 | 0 | 0 |
| CACTUS INC | CL A | 127203107 |  | 1315939 | 27780 | SH |  | SOLE |  | 27780 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 818376 | 7535 | SH |  | SOLE |  | 7535 | 0 | 0 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 |  | 3567216 | 73150 | SH |  | SOLE |  | 73150 | 0 | 0 |
| CARPARTS COM INC | COM | 14427M107 |  | 198411 | 252495 | SH |  | SOLE |  | 252495 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 2943677 | 110950 | SH |  | SOLE |  | 110950 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 524918 | 3043 | SH |  | SOLE |  | 3043 | 0 | 0 |
| CHEMOURS CO | COM | 163851108 |  | 1154394 | 52401 | SH |  | SOLE |  | 52401 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 2837475 | 150290 | SH |  | SOLE |  | 150290 | 0 | 0 |
| CPI CARD GROUP INC | COM NEW | 12634H200 |  | 882150 | 60796 | SH |  | SOLE |  | 60796 | 0 | 0 |
| CRONOS GROUP INC | COM | 22717L101 |  | 431434 | 171886 | SH |  | SOLE |  | 171886 | 0 | 0 |
| DENISON MINES CORP | COM | 248356107 |  | 306404 | 86800 | SH |  | SOLE |  | 86800 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 2548647 | 34233 | SH |  | SOLE |  | 34233 | 0 | 0 |
| DMC GLOBAL INC | COM | 23291C103 |  | 106763 | 20492 | SH |  | SOLE |  | 20492 | 0 | 0 |
| DOUBLEVERIFY HLDGS INC | COM | 25862V105 |  | 3785171 | 398439 | SH |  | SOLE |  | 398439 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 885116 | 23935 | SH |  | SOLE |  | 23935 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 2531231 | 7077 | SH |  | SOLE |  | 7077 | 0 | 0 |
| ECOPETROL S A | SPONSORED ADS | 279158109 |  | 1012649 | 67555 | SH |  | SOLE |  | 67555 | 0 | 0 |
| ECOVYST INC | COM | 27923Q109 |  | 257200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ENDAVA PLC | ADS | 29260V105 |  | 2507979 | 567416 | SH |  | SOLE |  | 567416 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 867413 | 13630 | SH |  | SOLE |  | 13630 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 425754 | 7630 | SH |  | SOLE |  | 7630 | 0 | 0 |
| FIVERR INTL LTD | ORD SHS | M4R82T106 |  | 364878 | 36415 | SH |  | SOLE |  | 36415 | 0 | 0 |
| FLOWERS FOODS INC | COM | 343498101 |  | 456930 | 56065 | SH |  | SOLE |  | 56065 | 0 | 0 |
| FORTREA HLDGS INC | COMMON STOCK | 34965K107 |  | 685964 | 72820 | SH |  | SOLE |  | 72820 | 0 | 0 |
| FOX FACTORY HLDG CORP | COM | 35138V102 |  | 842192 | 51166 | SH |  | SOLE |  | 51166 | 0 | 0 |
| FRESHWORKS INC | CLASS A COM | 358054104 |  | 499667 | 62225 | SH |  | SOLE |  | 62225 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 1492727 | 68980 | SH |  | SOLE |  | 68980 | 0 | 0 |
| GRIFFON CORP | COM | 398433102 |  | 1210849 | 16660 | SH |  | SOLE |  | 16660 | 0 | 0 |
| GRUPO AVAL ACCIONES Y VALORE | SPONSORED ADS | 40053W101 |  | 330000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| GRUPO CIBEST SA | SPON ADS | 40090E106 |  | 2890557 | 39700 | SH |  | SOLE |  | 39700 | 0 | 0 |
| HUDSON TECHNOLOGIES INC | COM | 444144109 |  | 338817 | 57622 | SH |  | SOLE |  | 57622 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 1731386 | 15646 | SH |  | SOLE |  | 15646 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 2704507 | 61285 | SH |  | SOLE |  | 61285 | 0 | 0 |
| IPG PHOTONICS CORP | COM | 44980X109 |  | 2685990 | 23440 | SH |  | SOLE |  | 23440 | 0 | 0 |
| KASPI KZ JSC | SPONSORED ADS | 48581R205 |  | 1012167 | 13665 | SH |  | SOLE |  | 13665 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 2944713 | 170807 | SH |  | SOLE |  | 170807 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1216969 | 12615 | SH |  | SOLE |  | 12615 | 0 | 0 |
| KORN FERRY | COM NEW | 500643200 |  | 647630 | 10288 | SH |  | SOLE |  | 10288 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 646475 | 28745 | SH |  | SOLE |  | 28745 | 0 | 0 |
| LEGENCE CORP | CL A | 52476L109 |  | 5980243 | 105920 | SH |  | SOLE |  | 105920 | 0 | 0 |
| LENSAR INC | COM | 52634L108 |  | 830764 | 139390 | SH |  | SOLE |  | 139390 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 |  | 733138 | 60640 | SH |  | SOLE |  | 60640 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 |  | 381740 | 10115 | SH |  | SOLE |  | 10115 | 0 | 0 |
| MADISON SQUARE GARDEN ENTMT | COM CL A | 558256103 |  | 1830275 | 31069 | SH |  | SOLE |  | 31069 | 0 | 0 |
| MAPLEBEAR INC | COM | 565394103 |  | 3521839 | 94016 | SH |  | SOLE |  | 94016 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 11276942 | 113851 | SH |  | SOLE |  | 113851 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 15083970 | 8724 | SH |  | SOLE |  | 8724 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 250002 | 740 | SH |  | SOLE |  | 740 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 4576042 | 12362 | SH |  | SOLE |  | 12362 | 0 | 0 |
| MOSAIC CO | COM | 61945C103 |  | 1018470 | 39940 | SH |  | SOLE |  | 39940 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 962568 | 9401 | SH |  | SOLE |  | 9401 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 350080 | 30183 | SH |  | SOLE |  | 30183 | 0 | 0 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 668971 | 13633 | SH |  | SOLE |  | 13633 | 0 | 0 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 2282114 | 283845 | SH |  | SOLE |  | 283845 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 1205252 | 4530 | SH |  | SOLE |  | 4530 | 0 | 0 |
| NOVANTA INC | COM | 67000B104 |  | 805510 | 6820 | SH |  | SOLE |  | 6820 | 0 | 0 |
| OBSIDIAN ENERGY LTD | COM | 674482203 |  | 796473 | 84060 | SH |  | SOLE |  | 84060 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 458250 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| O-I GLASS INC | COM | 67098H104 |  | 418876 | 39855 | SH |  | SOLE |  | 39855 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 2304043 | 37210 | SH |  | SOLE |  | 37210 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 |  | 786445 | 162825 | SH |  | SOLE |  | 162825 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1667449 | 36866 | SH |  | SOLE |  | 36866 | 0 | 0 |
| PERION NETWORK LTD | SHS NEW | M78673114 |  | 493236 | 49373 | SH |  | SOLE |  | 49373 | 0 | 0 |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 |  | 2305865 | 111126 | SH |  | SOLE |  | 111126 | 0 | 0 |
| POOL CORP | COM | 73278L105 |  | 4891328 | 24175 | SH |  | SOLE |  | 24175 | 0 | 0 |
| POWER SOLUTIONS INTL INC | COM NEW | 73933G202 |  | 710165 | 11665 | SH |  | SOLE |  | 11665 | 0 | 0 |
| RB GLOBAL INC | COM | 74935Q107 |  | 1236177 | 12897 | SH |  | SOLE |  | 12897 | 0 | 0 |
| RCI HOSPITALITY HLDGS INC | COM | 74934Q108 |  | 621641 | 27253 | SH |  | SOLE |  | 27253 | 0 | 0 |
| RCM TECHNOLOGIES INC | COM NEW | 749360400 |  | 246734 | 12891 | SH |  | SOLE |  | 12891 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 230925 | 1715 | SH |  | SOLE |  | 1715 | 0 | 0 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 2290190 | 12230 | SH |  | SOLE |  | 12230 | 0 | 0 |
| ROOT INC | CL A NEW | 77664L207 |  | 301681 | 6830 | SH |  | SOLE |  | 6830 | 0 | 0 |
| SCHEIN HENRY INC | COM | 806407102 |  | 1181116 | 16026 | SH |  | SOLE |  | 16026 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 611138 | 7380 | SH |  | SOLE |  | 7380 | 0 | 0 |
| SHUTTERSTOCK INC | COM | 825690100 |  | 178807 | 10765 | SH |  | SOLE |  | 10765 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 6799779 | 126980 | SH |  | SOLE |  | 126980 | 0 | 0 |
| SNAP INC | CL A | 83304A106 |  | 1301588 | 282954 | SH |  | SOLE |  | 282954 | 0 | 0 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 |  | 393747 | 5170 | SH |  | SOLE |  | 5170 | 0 | 0 |
| SOTERA HEALTH CO | COM | 83601L102 |  | 8714260 | 607689 | SH |  | SOLE |  | 607689 | 0 | 0 |
| ST JOE CO | COM | 790148100 |  | 1506572 | 23990 | SH |  | SOLE |  | 23990 | 0 | 0 |
| STRIDE INC | COM | 86333M108 |  | 5039356 | 57155 | SH |  | SOLE |  | 57155 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 1094294 | 16550 | SH |  | SOLE |  | 16550 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 804578 | 35335 | SH |  | SOLE |  | 35335 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 4056387 | 10231 | SH |  | SOLE |  | 10231 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 5954343 | 83476 | SH |  | SOLE |  | 83476 | 0 | 0 |
| TELEPHONE  DATA SYS INC | COM NEW | 879433829 |  | 12544369 | 297966 | SH |  | SOLE |  | 297966 | 0 | 0 |
| TENABLE HLDGS INC | COM | 88025T102 |  | 198244 | 11720 | SH |  | SOLE |  | 11720 | 0 | 0 |
| TERRA INNOVATUM GLOBAL NV | ORD SHS | N85083108 |  | 63104 | 13600 | SH |  | SOLE |  | 13600 | 0 | 0 |
| U HAUL HOLDING COMPANY | COM | 023586100 |  | 607475 | 12714 | SH |  | SOLE |  | 12714 | 0 | 0 |
| U HAUL HOLDING COMPANY | COM SER N | 023586506 |  | 5683453 | 127232 | SH |  | SOLE |  | 127232 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1363793 | 18960 | SH |  | SOLE |  | 18960 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 4869869 | 20072 | SH |  | SOLE |  | 20072 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2394451 | 8849 | SH |  | SOLE |  | 8849 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 746822 | 5820 | SH |  | SOLE |  | 5820 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 15121369 | 50031 | SH |  | SOLE |  | 50031 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 1730627 | 6925 | SH |  | SOLE |  | 6925 | 0 | 0 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 223092 | 8735 | SH |  | SOLE |  | 8735 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 3750113 | 46649 | SH |  | SOLE |  | 46649 | 0 | 0 |

---