Kerrisdale Advisers, LLC
Kerrisdale Advisers, LLC is a New York limited liability company and SEC-registered investment adviser headquartered in Miami Beach, FL. Founded in April 2009 by Sahm Adrangi, the firm is known for managing hedge funds and private pooled investment vehicles, serving high net worth individuals and institutional investors. It employs approximately 11 people and offers investment advisory and portfolio management services, primarily for pooled vehicles.
Investment Strategy
Kerrisdale Advisers employs a fundamental, value-oriented investment philosophy focused on long and short positions in public securities. For long positions, the firm seeks statistically undervalued equities based on rigorous discounted cash flow analysis, free cash flow yields, and historical returns on equity. Short positions target overvalued firms, bankruptcy candidates, or businesses with deteriorating fundamentals, often identified through in-depth fundamental research and forensic accounting. The firm's process emphasizes deep diligence, capital allocation discipline, and opportunistic investment in inefficient markets.
Top Holdings
Equity Positions (64)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S STX | SEAGATE TECHNOLOGY HLDNGS PL | 22.04% | $42.3M | 292,751 | $83.17 | $144.33 | -$5.8M |
U UNH | UNITEDHEALTH GROUP INC | 6.43% | $12.3M | 39,485 | $316.70 | $311.97 | +$11.8M |
M MELI | MERCADOLIBRE INC | 5.48% | $10.5M | 4,022 | $1737.97 | $2613.63 | -$2.1M |
V V | VISA INC | 5.07% | $9.7M | 27,384 | $211.11 | $355.05 | -$6.1M |
N NE | NOBLE CORP PLC | 4.87% | $9.3M | 351,985 | $38.68 | $26.55 | +$1.5M |