KA
Kerrisdale Advisers Portfolio holdings
AUM
$399M
Turnover
31.34%
1-Year Est. Return
42.87%
This Fund
S&P 500
This Quarter
Est. Return
-3.09%
1 Year Est. Return
+42.87%
3 Year Est. Return
+78.79%
5 Year Est. Return
+40.49%
10 Year Est. Return
+1,155.21%
AUM
$370M
AUM Growth
-$216M
(-37%)
Cap. Flow
-$201M
Cap. Flow
% of AUM
-54.44%
Top 10 Holdings %
Top 10 Hldgs %
66.05%
Holding
51
New
12
Increased
10
Reduced
11
Closed
18
Avg Time Held
0.5
years
Top 10 Avg Time Held
0.6
years
Top 20 Avg Time Held
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
S&P Global
SPGI
|
+$22.2M |
| 2 |
Ansys
ANSS
|
+$15.4M |
| 3 |
TMX
Terminix Global Holdings, Inc.
TMX
|
+$15.2M |
| 4 |
SS&C Technologies
SSNC
|
+$10M |
| 5 |
LXFT
Luxoft Holding, Inc.
LXFT
|
+$9.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$73M |
| 2 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$36.7M |
| 3 |
IHS Markit Ltd. Common Shares
INFO
|
+$21.3M |
| 4 |
PRXL
Parexel International Corp
PRXL
|
+$20.1M |
| 5 |
Yelp
YELP
|
+$17.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.05% |
| 2 | Financials | 22.93% |
| 3 | Consumer Discretionary | 14.48% |
| 4 | Real Estate | 13.57% |
| 5 | Industrials | 9.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Jones Lang LaSalle
JLL
$13.6B
| $48.3M | 13.06% |
495,801
+8,222
| +2% | +$944K |
2013 Q3
11 quarters
|
|
|
LXFT
2
DELISTED
Luxoft Holding, Inc.
LXFT
| $34.1M | 9.21% |
655,147
+162,740
| +33% | +$9.5M |
2015 Q1
5 quarters
|
|
3
Brown & Brown
BRO
$21.7B
| $27M | 7.31% |
1,443,218
-439,624
| -23% | -$7.81M |
2016 Q1
1 quarter
|
|
|
MENT
4
DELISTED
Mentor Graphics Corp
MENT
| $23.2M | 6.28% |
1,092,870
+255,757
| +31% | +$5.32M |
2016 Q1
1 quarter
|
|
|
5
S&P Global
SPGI
$120B
| $22.1M | 5.99% |
+206,478
| New | +$22.2M |
2016 Q2
0 quarters
|
|
6
Genuine Parts
GPC
$18.1B
| $21.4M | 5.77% |
210,924
+55,482
| +36% | +$5.38M |
2015 Q4
2 quarters
|
|
7
Cognizant
CTSH
$28.1B
| $19.4M | 5.25% |
339,186
-197,055
| -37% | -$11.9M |
2014 Q3
7 quarters
|
|
8
PayPal
PYPL
$48B
| $17M | 4.6% |
466,374
+122,896
| +36% | +$4.7M |
2016 Q1
1 quarter
|
|
|
TMX
9
DELISTED
Terminix Global Holdings, Inc.
TMX
| $15.9M | 4.3% |
+596,147
| New | +$15.2M |
2016 Q2
0 quarters
|
|
|
10
DELISTED
Ansys
ANSS
| $15.8M | 4.26% |
+173,774
| New | +$15.4M |
2016 Q2
0 quarters
|
|
11
Synopsys
SNPS
$92B
| $14.1M | 3.8% |
260,215
-2,942
| -1% | -$148K |
2016 Q1
1 quarter
|
|
|
PRXL
12
DELISTED
Parexel International Corp
PRXL
| $11.4M | 3.09% |
181,756
-325,082
| -64% | -$20.1M |
2015 Q2
4 quarters
|
|
13
eBay
EBAY
$52B
| $10.1M | 2.73% |
430,834
-422,334
| -50% | -$10.2M |
2016 Q1
1 quarter
|
|
14
Stewart Information Services
STC
$1.55B
| $9.45M | 2.56% |
228,270
+142,387
| +166% | +$5.24M |
2016 Q1
1 quarter
|
|
15
Johnson Controls International
JCI
$92.3B
| $9.41M | 2.54% |
+203,081
| New | +$8.95M |
2016 Q2
0 quarters
|
|
|
16
SS&C Technologies
SSNC
$19.3B
| $9.36M | 2.53% |
+333,506
| New | +$10M |
2016 Q2
0 quarters
|
|
17
Booking.com
BKNG
$121B
| $8.73M | 2.36% |
174,750
+17,750
| +11% | +$921K |
2015 Q1
5 quarters
|
|
18
DELISTED
Echo Global Logistics, Inc.
ECHO
| $7.46M | 2.02% |
332,979
+104,880
| +46% | +$2.48M |
2016 Q1
1 quarter
|
|
|
FRGI
19
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $7.27M | 1.96% |
333,156
+174,461
| +110% | +$4.92M |
2015 Q4
2 quarters
|
|
20
Capital One
COF
$119B
| $5.24M | 1.42% |
82,497
+34,566
| +72% | +$2.41M |
2016 Q1
1 quarter
|
|
21
McKesson
MCK
$114B
| $3.86M | 1.04% |
20,694
-82,823
| -80% | -$14.5M |
2015 Q3
3 quarters
|
|
22
iShares Silver Trust
SLV
$27B
| $3.77M | 1.02% |
+211,244
| New | +$3.38M |
2016 Q2
0 quarters
|
|
|
WBC
23
DELISTED
WABCO HOLDINGS INC.
WBC
| $3.69M | 1% |
+40,294
| New | +$4.27M |
2016 Q2
0 quarters
|
|
|
SCU
24
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $3.65M | 0.99% |
+96,185
| New | +$3.75M |
2016 Q2
0 quarters
|
|
25
EPAM Systems
EPAM
$5.91B
| $3.5M | 0.95% |
+54,432
| New | +$3.97M |
2016 Q2
0 quarters
|
|
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Kerrisdale Advisers's Q2 2016 Portfolio in Review
As of Q2 2016, Kerrisdale Advisers held 51 positions worth $370M, down 37% from $586M the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Kerrisdale Advisers withdrew a net $201M in Q2 2016, closing 18 positions and reducing 11 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $73M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 18% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Kerrisdale Advisers opened a new position in S&P Global worth $22.1M.
- Kerrisdale Advisers's largest Q2 2016 buy was S&P Global: 206,478 shares worth $22.1M.
- Kerrisdale Advisers added most to Luxoft Holding, Inc. in Q2 2016, an estimated $9.5M increase.
- Kerrisdale Advisers's biggest Q2 2016 reduction was Parexel International Corp, cutting an estimated $20.1M.
- Kerrisdale Advisers fully exited State Street SPDR S&P 500 ETF Trust in Q2 2016, selling an estimated $73M.
- Kerrisdale Advisers's ten largest holdings make up 66% of its $370M portfolio in Q2 2016.
- Kerrisdale Advisers opened 12 new positions and closed 18 in Q2 2016.
- Kerrisdale Advisers's portfolio value fell 37% quarter-over-quarter to $370M.
Based on Kerrisdale Advisers's 13F filing for Q2 2016, filed 12 Aug 2016.