Kerrisdale Advisers, LLC Quant / Systematic

Location: Miami, FL

CIK: 0001569688 · Show all filings

Period: Q2 2014 (← Previous) (Next →)

Filing Date: Aug 14, 2014

Total Value: $210M (100.0% shares, 0.0% debt)

Holdings (40)

UHAL AMERCO 12.9%

Value $27.08M Shares 93,137 Est. Cost $17.21 Unrealized +53.6%

JLL JONES LANG LASALLE INC 10.4%

Value $21.78M Shares 172,329 Est. Cost $89.76 Unrealized +30.2%

— IAC INTERACTIVECORP 8.2%

Value $17.29M Shares 249,730 Est. Cost $69.73 Unrealized —

HLF HERBALIFE LTD 8.2%

Value $17.13M Shares 265,335 Est. Cost $31.05 Unrealized -1.3%

— BGC PARTNERS INC 6.2%

Value $12.95M Shares 1,740,586 Est. Cost $6.86 Unrealized —

VOYA VOYA FINL INC 5.5%

Value $11.53M Shares 317,344 Est. Cost $31.98 Unrealized 0.0%

— JGWPT HLDGS INC 5.4%

Value $11.37M Shares 1,010,106 Est. Cost $15.81 Unrealized —

NUS NU SKIN ENTERPRISES INC 5.3%

Value $11.18M Shares 151,199 Est. Cost $57.67 Unrealized -6.4%

STC STEWART INFORMATION SVCS COR 3.7%

Value $7.843M Shares 252,912 Est. Cost $32.21 Unrealized -0.8%

— E HOUSE CHINA HLDGS LTD 3.6%

Value $7.582M Shares 876,505 Est. Cost $8.65 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 3.6%

Value $7.507M Shares 41,415 Est. Cost $110.69 Unrealized +1.4%

SSNC SS&C TECHNOLOGIES HLDGS INC 3.3%

Value $7.018M Shares 158,700 Est. Cost $20.69 Unrealized 0.0%

CNC CENTENE CORP DEL 3.3%

Value $6.83M Shares 90,334 Est. Cost $17.18 Unrealized 0.0%

MET METLIFE INC 3.0%

Value $6.372M Shares 114,687 Est. Cost $25.85 Unrealized +23.2%

— HARBINGER GROUP INC 2.9%

Value $6.118M Shares 481,721 Est. Cost $12.14 Unrealized —

— MORGANS HOTEL GROUP CO 2.8%

Value $5.916M Shares 746,087 Est. Cost $8.04 Unrealized —

EG EVEREST RE GROUP LTD 2.7%

Value $5.631M Shares 35,086 Est. Cost $107.20 Unrealized +15.5%

— CHICAGO BRIDGE & IRON CO N V 1.4%

Value $2.876M Shares 42,173 Est. Cost $68.20 Unrealized —

— E TRADE FINANCIAL CORP 1.0%

Value $2.073M Shares 97,494 Est. Cost $21.26 Unrealized —

TUR ISHARES 0.8%

Value $1.729M Shares 31,123 Est. Cost $57.06 Unrealized —

— VIOLIN MEMORY INC 0.7%

Value $1.397M Shares 315,460 Est. Cost $4.00 Unrealized —

— GEEKNET INC 0.6%

Value $1.351M Shares 108,304 Est. Cost $14.68 Unrealized —

HLF HERBALIFE LTD 0.5%

Value $1.117M Shares 17,300 Est. Cost $31.05 Unrealized -1.3%

— ADCARE HEALTH SYSTEMS INC 0.5%

Value $1.096M Shares 256,171 Est. Cost $4.13 Unrealized —

NUS NU SKIN ENTERPRISES INC 0.5%

Value $1.08M Shares 14,600 Est. Cost $57.67 Unrealized -6.4%

— BLYTH INC 0.5%

Value $1.024M Shares 131,595 Est. Cost $13.67 Unrealized —

— PREMIER EXIBITIONS INC 0.4%

Value $942K Shares 1,163,201 Est. Cost $1.14 Unrealized —

— NATIONAL CINEMEDIA INC 0.4%

Value $760K Shares 43,400 Est. Cost $17.51 Unrealized —

RVP RETRACTABLE TECHNOLOGIES INC 0.3%

Value $679K Shares 271,703 Est. Cost $3.25 Unrealized -3.6%

— STOCK BLDG SUPPLY HLDGS INC 0.3%

Value $653K Shares 33,072 Est. Cost $18.02 Unrealized —

— SMARTPROS LTD 0.2%

Value $399K Shares 171,102 Est. Cost $1.42 Unrealized —

CXDO CREXENDO INC 0.2%

Value $357K Shares 111,700 Est. Cost — Unrealized —

SLRC SOLAR CAP LTD 0.1%

Value $265K Shares 12,469 Est. Cost $7.45 Unrealized -2.3%

— FIRST SOUTH BANCORP INC VA 0.1%

Value $195K Shares 24,415 Est. Cost $7.86 Unrealized —

— ZIPREALTY INC 0.1%

Value $193K Shares 63,826 Est. Cost $3.27 Unrealized —

ASUR ASURE SOFTWARE INC 0.1%

Value $179K Shares 29,693 Est. Cost $5.55 Unrealized +10.6%

RLGT RADIANT LOGISTICS INC 0.1%

Value $148K Shares 47,924 Est. Cost $2.29 Unrealized +34.2%

— TOWN SPORTS INTL HLDGS INC 0.0%

Value $101K Shares 15,200 Est. Cost $6.64 Unrealized —

GULTU GULF COAST ULTRA DEEP RTY TR 0.0%

Value $56,000 Shares 19,063 Est. Cost $2.94 Unrealized —

— WEST CORP 0.0%

Value $1,000 Shares 42,098 Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UHAL	AMERCO	93,137	$27.08M	12.9%	$17.21	+53.6%	COM	023586100
JLL	JONES LANG LASALLE INC	172,329	$21.78M	10.4%	$89.76	+30.2%	COM	48020Q107
—	IAC INTERACTIVECORP	249,730	$17.29M	8.2%	$69.73	—	COM PAR $.001	44919P508
HLF	HERBALIFE LTD	265,335	$17.13M	8.2%	$31.05	-1.3%	COM USD SHS	G4412G101
—	BGC PARTNERS INC	1,740,586	$12.95M	6.2%	$6.86	—	CL A	05541T101
VOYA	VOYA FINL INC	317,344	$11.53M	5.5%	$31.98	0.0%	COM	929089100
—	JGWPT HLDGS INC	1,010,106	$11.37M	5.4%	$15.81	—	CL A	46617M109
NUS	NU SKIN ENTERPRISES INC	151,199	$11.18M	5.3%	$57.67	-6.4%	CL A	67018T105
STC	STEWART INFORMATION SVCS COR	252,912	$7.843M	3.7%	$32.21	-0.8%	COM	860372101
—	E HOUSE CHINA HLDGS LTD	876,505	$7.582M	3.6%	$8.65	—	ADR	26852W103
IBM	INTERNATIONAL BUSINESS MACHS	41,415	$7.507M	3.6%	$110.69	+1.4%	COM	459200101
SSNC	SS&C TECHNOLOGIES HLDGS INC	158,700	$7.018M	3.3%	$20.69	0.0%	COM	78467J100
CNC	CENTENE CORP DEL	90,334	$6.83M	3.3%	$17.18	0.0%	COM	15135B101
MET	METLIFE INC	114,687	$6.372M	3.0%	$25.85	+23.2%	COM	59156R108
—	HARBINGER GROUP INC	481,721	$6.118M	2.9%	$12.14	—	COM	41146A106
—	MORGANS HOTEL GROUP CO	746,087	$5.916M	2.8%	$8.04	—	COM	61748W108
EG	EVEREST RE GROUP LTD	35,086	$5.631M	2.7%	$107.20	+15.5%	COM	G3223R108
—	CHICAGO BRIDGE & IRON CO N V	42,173	$2.876M	1.4%	$68.20	—	COM	167250109
—	E TRADE FINANCIAL CORP	97,494	$2.073M	1.0%	$21.26	—	COM NEW	269246401
TUR	ISHARES	31,123	$1.729M	0.8%	$57.06	—	MSCI TURKEY ETF	464286715
—	VIOLIN MEMORY INC	315,460	$1.397M	0.7%	$4.00	—	COM	92763A101
—	GEEKNET INC	108,304	$1.351M	0.6%	$14.68	—	COM NEW	36846Q203
HLF	HERBALIFE LTD	17,300	$1.117M	0.5%	$31.05	-1.3%	Call	G4412G101
—	ADCARE HEALTH SYSTEMS INC	256,171	$1.096M	0.5%	$4.13	—	COM NEW	00650W300
NUS	NU SKIN ENTERPRISES INC	14,600	$1.08M	0.5%	$57.67	-6.4%	Call	67018T105
—	BLYTH INC	131,595	$1.024M	0.5%	$13.67	—	COM NEW	09643P207
—	PREMIER EXIBITIONS INC	1,163,201	$942K	0.4%	$1.14	—	COM	74051E102
—	NATIONAL CINEMEDIA INC	43,400	$760K	0.4%	$17.51	—	COM	635309107
RVP	RETRACTABLE TECHNOLOGIES INC	271,703	$679K	0.3%	$3.25	-3.6%	COM	76129W105
—	STOCK BLDG SUPPLY HLDGS INC	33,072	$653K	0.3%	$18.02	—	COM	86101X104
—	SMARTPROS LTD	171,102	$399K	0.2%	$1.42	—	COM	83171G103
CXDO	CREXENDO INC	111,700	$357K	0.2%	—	—	Call	226552107
SLRC	SOLAR CAP LTD	12,469	$265K	0.1%	$7.45	-2.3%	COM	83413U100
—	FIRST SOUTH BANCORP INC VA	24,415	$195K	0.1%	$7.86	—	COM	33646W100
—	ZIPREALTY INC	63,826	$193K	0.1%	$3.27	—	COM	98974V107
ASUR	ASURE SOFTWARE INC	29,693	$179K	0.1%	$5.55	+10.6%	COM	04649U102
RLGT	RADIANT LOGISTICS INC	47,924	$148K	0.1%	$2.29	+34.2%	COM	75025X100
—	TOWN SPORTS INTL HLDGS INC	15,200	$101K	0.0%	$6.64	—	COM	89214A102
GULTU	GULF COAST ULTRA DEEP RTY TR	19,063	$56,000	0.0%	$2.94	—	ROYALTY TR UNT	40222T104
—	WEST CORP	42,098	$1,000	0.0%	$0.02	—	COM	952355204