# EDGAR Filing Document

**Accession Number:** 0001569688
**File Stem:** 0001172661-26-000916
**Filing Date:** 2026-2
**Character Count:** 11060
**Document Hash:** 6113cfc0a4eeb6be977a5197fdd90423
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-000916.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001172661-26-000916

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**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:** 26637642

**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:** 12-31-2025

**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  02-17-2026<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:** 76

**Form 13F Information Table Value Total:** $212306211

      (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 |  | 10394365 | 263482 | SH |  | SOLE |  | 263482 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 200228 | 1366 | SH |  | SOLE |  | 1366 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 9198131 | 29387 | SH |  | SOLE |  | 29387 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 9549254 | 41371 | SH |  | SOLE |  | 41371 | 0 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 2544464 | 47050 | SH |  | SOLE |  | 47050 | 0 | 0 |
| APPFOLIO INC | COM CL A | 03783C100 |  | 3726122 | 16016 | SH |  | SOLE |  | 16016 | 0 | 0 |
| ATKORE INC | COM | 047649108 |  | 1775681 | 28074 | SH |  | SOLE |  | 28074 | 0 | 0 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 797371 | 9452 | SH |  | SOLE |  | 9452 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 883336 | 9655 | SH |  | SOLE |  | 9655 | 0 | 0 |
| CARPARTS COM INC | COM | 14427M107 |  | 126248 | 252495 | SH |  | SOLE |  | 252495 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 916212 | 4593 | SH |  | SOLE |  | 4593 | 0 | 0 |
| CHEMOURS CO | COM | 163851108 |  | 617808 | 52401 | SH |  | SOLE |  | 52401 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 2573315 | 109085 | SH |  | SOLE |  | 109085 | 0 | 0 |
| CPI CARD GROUP INC | COM NEW | 12634H200 |  | 892485 | 60796 | SH |  | SOLE |  | 60796 | 0 | 0 |
| CRONOS GROUP INC | COM | 22717L101 |  | 452060 | 171886 | SH |  | SOLE |  | 171886 | 0 | 0 |
| DENISON MINES CORP | COM | 248356107 |  | 230888 | 86800 | SH |  | SOLE |  | 86800 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 2685844 | 31133 | SH |  | SOLE |  | 31133 | 0 | 0 |
| DMC GLOBAL INC | COM | 23291C103 |  | 137091 | 20492 | SH |  | SOLE |  | 20492 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 1527892 | 4797 | SH |  | SOLE |  | 4797 | 0 | 0 |
| ECOPETROL S A | SPONSORED ADS | 279158109 |  | 676901 | 67555 | SH |  | SOLE |  | 67555 | 0 | 0 |
| ENDAVA PLC | ADS | 29260V105 |  | 3586069 | 567416 | SH |  | SOLE |  | 567416 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 512507 | 7630 | SH |  | SOLE |  | 7630 | 0 | 0 |
| FOX FACTORY HLDG CORP | COM | 35138V102 |  | 1419771 | 82979 | SH |  | SOLE |  | 82979 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 963958 | 25685 | SH |  | SOLE |  | 25685 | 0 | 0 |
| GRIFFON CORP | COM | 398433102 |  | 526598 | 7150 | SH |  | SOLE |  | 7150 | 0 | 0 |
| GRUPO AVAL ACCIONES Y VALORE | SPONSORED ADS | 40053W101 |  | 303750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| GRUPO CIBEST SA | SPON ADS | 40090E106 |  | 5795507 | 91110 | SH |  | SOLE |  | 91110 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 1211245 | 16026 | SH |  | SOLE |  | 16026 | 0 | 0 |
| HUDSON TECHNOLOGIES INC | COM | 444144109 |  | 394711 | 57622 | SH |  | SOLE |  | 57622 | 0 | 0 |
| KASPI KZ JSC | SPONSORED ADS | 48581R205 |  | 1067646 | 13665 | SH |  | SOLE |  | 13665 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 5931188 | 343837 | SH |  | SOLE |  | 343837 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 1343695 | 6613 | SH |  | SOLE |  | 6613 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 1180848 | 22587 | SH |  | SOLE |  | 22587 | 0 | 0 |
| KORN FERRY | COM NEW | 500643200 |  | 692418 | 10488 | SH |  | SOLE |  | 10488 | 0 | 0 |
| LEGENCE CORP | CL A | 52476L109 |  | 2646745 | 61495 | SH |  | SOLE |  | 61495 | 0 | 0 |
| LESLIES INC | COM | 527064208 |  | 39288 | 23811 | SH |  | SOLE |  | 23811 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 1177840 | 63805 | SH |  | SOLE |  | 63805 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 |  | 511142 | 14820 | SH |  | SOLE |  | 14820 | 0 | 0 |
| MADISON SQUARE GARDEN ENTMT | COM CL A | 558256103 |  | 2315599 | 42969 | SH |  | SOLE |  | 42969 | 0 | 0 |
| MAPLEBEAR INC | COM | 565394103 |  | 3285339 | 73040 | SH |  | SOLE |  | 73040 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 17250123 | 8564 | SH |  | SOLE |  | 8564 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1981316 | 6942 | SH |  | SOLE |  | 6942 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 274213 | 567 | SH |  | SOLE |  | 567 | 0 | 0 |
| NAVIOS MARITIME PARTNERS L P | COM UNIT LPI | Y62267409 |  | 240654 | 4590 | SH |  | SOLE |  | 4590 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 468252 | 50883 | SH |  | SOLE |  | 50883 | 0 | 0 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 4168817 | 147621 | SH |  | SOLE |  | 147621 | 0 | 0 |
| OBSIDIAN ENERGY LTD | COM | 674482203 |  | 515358 | 84060 | SH |  | SOLE |  | 84060 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 289896 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 2014922 | 37210 | SH |  | SOLE |  | 37210 | 0 | 0 |
| PERION NETWORK LTD | SHS NEW | M78673114 |  | 723894 | 75563 | SH |  | SOLE |  | 75563 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 1316843 | 111126 | SH |  | SOLE |  | 111126 | 0 | 0 |
| RCI HOSPITALITY HLDGS INC | COM | 74934Q108 |  | 220592 | 9253 | SH |  | SOLE |  | 9253 | 0 | 0 |
| RCM TECHNOLOGIES INC | COM NEW | 749360400 |  | 263557 | 12891 | SH |  | SOLE |  | 12891 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 394227 | 1715 | SH |  | SOLE |  | 1715 | 0 | 0 |
| RENTOKIL INITIAL PLC | SPONSORED ADR | 760125104 |  | 2026200 | 68778 | SH |  | SOLE |  | 68778 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 1576332 | 5724 | SH |  | SOLE |  | 5724 | 0 | 0 |
| SHUTTERSTOCK INC | COM | 825690100 |  | 205612 | 10765 | SH |  | SOLE |  | 10765 | 0 | 0 |
| SNAP INC | CL A | 83304A106 |  | 313923 | 38900 | SH |  | SOLE |  | 38900 | 0 | 0 |
| SOTERA HEALTH CO | COM | 83601L102 |  | 9822905 | 556854 | SH |  | SOLE |  | 556854 | 0 | 0 |
| ST JOE CO | COM | 790148100 |  | 1424286 | 23990 | SH |  | SOLE |  | 23990 | 0 | 0 |
| STRIDE INC | COM | 86333M108 |  | 3874048 | 59665 | SH |  | SOLE |  | 59665 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 3948466 | 8406 | SH |  | SOLE |  | 8406 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 15565465 | 211229 | SH |  | SOLE |  | 211229 | 0 | 0 |
| TELEPHONE  DATA SYS INC | COM NEW | 879433829 |  | 20748747 | 506067 | SH |  | SOLE |  | 506067 | 0 | 0 |
| TENABLE HLDGS INC | COM | 88025T102 |  | 275772 | 11720 | SH |  | SOLE |  | 11720 | 0 | 0 |
| U HAUL HOLDING COMPANY | COM SER N | 023586506 |  | 2581964 | 55241 | SH |  | SOLE |  | 55241 | 0 | 0 |
| U HAUL HOLDING COMPANY | COM | 023586100 |  | 640913 | 12714 | SH |  | SOLE |  | 12714 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 3794111 | 16402 | SH |  | SOLE |  | 16402 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1923881 | 5828 | SH |  | SOLE |  | 5828 | 0 | 0 |
| VALARIS LTD | CL A | G9460G101 |  | 2521210 | 50024 | SH |  | SOLE |  | 50024 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 13843225 | 39472 | SH |  | SOLE |  | 39472 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 1478141 | 6925 | SH |  | SOLE |  | 6925 | 0 | 0 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 2040475 | 66530 | SH |  | SOLE |  | 66530 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 1961122 | 11384 | SH |  | SOLE |  | 11384 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 3261676 | 37799 | SH |  | SOLE |  | 37799 | 0 | 0 |
| ZOOMINFO TECHNOLOGIES INC | COMMON STOCK | 98980F104 |  | 3543513 | 348428 | SH |  | SOLE |  | 348428 | 0 | 0 |

---