Kerrisdale Advisers Portfolio holdings

AUM $239M

AUM

$239M

AUM Growth

-$57M (-19%)

Cap. Flow

-$36.5M

Cap. Flow % of AUM

-15.27%

Top 10 Holdings %Top 10 Hldgs %

59.59%

Holding

New

Increased

Reduced

Closed

1	ACM Research ACMR	$40.5M
2	Sysco SYY	$9.21M
3	Union Pacific UNP	$5.89M
4	Alibaba BABA	$5.32M
5	Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) CIB	$3.67M

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
76	76 RCM Technologies RCMT $171M	$201K	0.08%	12,891 +1,154	+10%	+$18K
77	77 Shutterstock SSTK $626M	$201K	0.08%	10,765	New	+$201K
78	78 Golden Ocean Group GOGL $1.53B	$200K	0.08%	25,000	New	+$200K
79	79 DMC Global BOOM $156M	$173K	0.07%	20,492 -6,091	-23%	-$51.3K
80	80 Denison Mines DNN $1.54B	$113K	0.05%	86,800	–	–
81	81 FIGS FIGS $839M	$89.1K	0.04%	19,407	New	+$89.1K
82	82 Aon AON $76.4B	$0	0%	0 -4,898	Closed	–
83	83 ASML ASML $303B	$0	0%	0 -4,418	Closed	–
84	84 Blackrock BLK $153B	$0	0%	0 -225	Closed	–
85	85 CBRE Group CBRE $38.4B	$0	0%	0 -1,987	Closed	–
86	86 CRH CRH $62.8B	$0	0%	0 -4,618	Closed	–
87	87 Constellium CSTM $1.84B	$0	0%	0 -56,776	Closed	–
88	88 Deere & Co DE $141B	$0	0%	0 -8,238	Closed	–
89	89 Garrett Motion GTX $2.07B	$0	0%	0 -262,402	Closed	–
90	90 Intel INTC $89.3B	$0	0%	0 -63,550	Closed	–
91	91 Lyft LYFT $6.57B	$0	0%	0 -22,170	Closed	–
92	92 Moody's MCO $87.4B	$0	0%	0 -2,077	Closed	–
93	93 The Mosaic Company MOS $11B	$0	0%	0 -70,580	Closed	–
94	94 Northrop Grumman NOC $70.7B	$0	0%	0 -3,078	Closed	–
95	95 S&P Global SPGI $158B	$0	0%	0 -2,475	Closed	–
96	96 TETRA Technologies TTI $407M	$0	0%	0 -108,182	Closed	–
97	97 Vital Energy VTLE $694M	$0	0%	0 -6,591	Closed	–
98	CUTR 98 DELISTED Cutera, Inc. CUTR	$0	0%	0 -84,205	Closed	–