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KA
Kerrisdale Advisers Portfolio holdings
AUM
$263M
1-Year Est. Return
40.01%
This Fund
S&P 500
This Quarter
Est. Return
+9.08%
1 Year Est. Return
+40.01%
3 Year Est. Return
+49.71%
5 Year Est. Return
+28.22%
10 Year Est. Return
+900.65%
AUM
$279M
AUM Growth
-$239M
(-46%)
Cap. Flow
-$261M
Cap. Flow
% of AUM
-93.48%
Top 10 Holdings %
Top 10 Hldgs %
83.08%
Holding
39
New
7
Increased
7
Reduced
7
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBIS
Nebius Group N.V.
NBIS
|
+$22M |
| 2 |
Nutanix
NTNX
|
+$13.1M |
| 3 |
Marriott Vacations Worldwide
VAC
|
+$9.73M |
| 4 |
HUYA
Huya Inc
HUYA
|
+$8.66M |
| 5 |
Lyft
LYFT
|
+$5.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
I
INTELSAT S. A.
I
|
+$20.1M |
| 2 |
Electronic Arts
EA
|
+$17.9M |
| 3 |
Sea Limited
SE
|
+$15.3M |
| 4 |
MOMO
Hello Group
MOMO
|
+$3.51M |
| 5 |
Pinduoduo
PDD
|
+$3.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 31.77% |
| 2 | Consumer Discretionary | 25.22% |
| 3 | Technology | 16.07% |
| 4 | Industrials | 5.92% |
| 5 | Healthcare | 2.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BFYT
26
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $695K | 0.25% |
+26,832
| New | +$674K |
|
27
Prothena Corp
PRTA
$440M
| $652K | 0.23% |
61,640
| – | – |
|
28
Knowles
KN
$3.08B
| $507K | 0.18% |
27,666
| – | – |
|
|
FLXN
29
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $452K | 0.16% |
36,753
| – | – |
|
|
MOMO
30
Hello Group
MOMO
$886M
| $369K | 0.13% |
10,316
-105,658
| -91% | -$3.51M |
|
31
PUT
iShares China Large-Cap ETF
FXI
$4.37B
| – | – |
-700,000
| Closed | -$31M |
|
32
CALL
iShares Russell 2000 ETF
IWM
$80.2B
| – | – |
-75,000
| Closed | -$11.5M |
|
|
33
PUT
iShares Russell 2000 ETF
IWM
$80.2B
| – | – |
-550,000
| Closed | -$84.2M |
|
|
34
Pinduoduo
PDD
$124B
| – | – |
-140,000
| Closed | -$3.47M |
|
35
CALL
Invesco QQQ Trust
QQQ
$450B
| – | – |
-100,000
| Closed | -$18M |
|
|
36
PUT
Invesco QQQ Trust
QQQ
$450B
| – | – |
-700,000
| Closed | -$126M |
|
37
Gentherm
THRM
$1.3B
| – | – |
-39,917
| Closed | -$1.47M |
|
38
Vipshop
VIPS
$7.3B
| – | – |
-180,000
| Closed | -$1.45M |
|
|
ZAYO
39
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| – | – |
-52,816
| Closed | -$1.5M |
|
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Kerrisdale Advisers's Q2 2019 Portfolio in Review
As of Q2 2019, Kerrisdale Advisers held 39 positions worth $279M, down 46% from $518M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Kerrisdale Advisers withdrew a net $261M in Q2 2019, closing 9 positions and reducing 7 holdings. Its most notable exit was Pinduoduo, an estimated $3.47M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 32% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Kerrisdale Advisers opened a new position in Nebius Group N.V. worth $22.5M.
- Kerrisdale Advisers's largest Q2 2019 buy was Nebius Group N.V.: 592,300 shares worth $22.5M.
- Kerrisdale Advisers added most to Huya Inc in Q2 2019, an estimated $8.66M increase.
- Kerrisdale Advisers's biggest Q2 2019 reduction was INTELSAT S. A., cutting an estimated $20.1M.
- Kerrisdale Advisers fully exited Pinduoduo in Q2 2019, selling an estimated $3.47M.
- Kerrisdale Advisers's ten largest holdings make up 83% of its $279M portfolio in Q2 2019.
- Kerrisdale Advisers opened 7 new positions and closed 9 in Q2 2019.
- Kerrisdale Advisers's portfolio value fell 46% quarter-over-quarter to $279M.
Based on Kerrisdale Advisers's 13F filing for Q2 2019, filed 14 Aug 2019.