Kerrisdale Advisers, LLC Quant / Systematic

Location: Miami, FL

CIK: 0001569688 · Show all filings

Period: Q3 2015 (← Previous) (Next →)

Filing Date: Nov 13, 2015

Total Value: $344M (100.0% shares, 0.0% debt)

Holdings (41)

JLL JONES LANG LASALLE INC 11.9%

Value $40.78M Shares 283,665 Est. Cost $123.43 Unrealized +29.2%

— MCGRAW HILL FINL INC 8.7%

Value $30.02M Shares 347,095 Est. Cost $96.00 Unrealized —

— MARKIT LTD 6.3%

Value $21.75M Shares 749,856 Est. Cost $26.62 Unrealized —

CTSH COGNIZANT TECHNOLOGY SOLUTIO 6.1%

Value $20.85M Shares 333,039 Est. Cost $44.13 Unrealized +26.1%

— LUXOFT HLDG INC 5.7%

Value $19.56M Shares 308,988 Est. Cost $52.01 Unrealized —

UHAL AMERCO 5.0%

Value $17.18M Shares 43,666 Est. Cost $17.37 Unrealized +109.2%

— PAREXEL INTL CORP 4.8%

Value $16.48M Shares 266,112 Est. Cost $62.81 Unrealized —

YELP YELP INC 4.7%

Value $16.02M Shares 739,664 Est. Cost $27.74 Unrealized 0.0%

— PRICELINE GRP INC 4.5%

Value $15.44M Shares 12,481 Est. Cost $1162.81 Unrealized —

— LIFELOCK INC 4.5%

Value $15.33M Shares 1,750,475 Est. Cost $8.76 Unrealized —

EPAM EPAM SYS INC 4.4%

Value $15.09M Shares 202,500 Est. Cost $72.17 Unrealized 0.0%

— SOTHEBYS 4.3%

Value $14.8M Shares 462,860 Est. Cost $43.25 Unrealized —

MCK MCKESSON CORP 3.9%

Value $13.43M Shares 72,603 Est. Cost $195.59 Unrealized 0.0%

KFY KORN FERRY INTL 3.8%

Value $13.13M Shares 397,086 Est. Cost $24.75 Unrealized +18.9%

— TARO PHARMACEUTICAL INDS LTD 3.2%

Value $11.01M Shares 77,040 Est. Cost $142.89 Unrealized —

UNH UNITEDHEALTH GROUP INC 3.0%

Value $10.38M Shares 89,490 Est. Cost $96.09 Unrealized +5.3%

MLKN MILLER HERMAN INC 2.2%

Value $7.551M Shares 261,818 Est. Cost $21.96 Unrealized -0.7%

CYH COMMUNITY HEALTH SYS INC NEW 1.6%

Value $5.479M Shares 128,107 Est. Cost $41.41 Unrealized +10.7%

— COOPER COS INC 1.5%

Value $5.21M Shares 35,000 Est. Cost $148.86 Unrealized —

— BGC PARTNERS INC 1.4%

Value $4.833M Shares 588,000 Est. Cost $7.34 Unrealized —

— TWITTER INC 1.3%

Value $4.416M Shares 163,935 Est. Cost $34.71 Unrealized —

ICLR ICON PLC 1.2%

Value $4.064M Shares 57,264 Est. Cost $75.27 Unrealized 0.0%

WMT WAL-MART STORES INC 1.0%

Value $3.485M Shares 53,746 Est. Cost $18.91 Unrealized 0.0%

— FRESH MKT INC 0.9%

Value $3.002M Shares 132,912 Est. Cost $22.59 Unrealized —

— ZS PHARMA INC 0.9%

Value $2.956M Shares 45,021 Est. Cost $65.66 Unrealized —

— ZAIS FINL CORP 0.5%

Value $1.798M Shares 134,149 Est. Cost $16.17 Unrealized —

UNFI UNITED NAT FOODS INC 0.5%

Value $1.649M Shares 33,993 Est. Cost $51.37 Unrealized 0.0%

CNC CENTENE CORP DEL 0.4%

Value $1.522M Shares 28,073 Est. Cost $33.46 Unrealized 0.0%

TNET TRINET GROUP INC 0.4%

Value $1.329M Shares 79,101 Est. Cost $30.50 Unrealized -34.7%

— E-COMMERCE CHINA DANGDANG IN 0.4%

Value $1.302M Shares 218,070 Est. Cost $5.97 Unrealized —

— SOLARWINDS INC 0.2%

Value $798K Shares 20,334 Est. Cost $39.24 Unrealized —

— ECHO GLOBAL LOGISTICS INC 0.1%

Value $509K Shares 25,948 Est. Cost $19.62 Unrealized —

WBS WEBSTER FINL CORP CONN 0.1%

Value $502K Shares 14,087 Est. Cost $33.59 Unrealized +10.9%

— MORGANS HOTEL GROUP CO 0.1%

Value $441K Shares 132,851 Est. Cost $4.39 Unrealized —

— CHASE CORP 0.1%

Value $419K Shares 10,638 Est. Cost $39.65 Unrealized —

— SMARTPROS LTD 0.1%

Value $388K Shares 145,708 Est. Cost $1.42 Unrealized —

— RETAILMENOT INC 0.1%

Value $327K Shares 39,684 Est. Cost $8.24 Unrealized —

PRXIQ PREMIER EXHIBITIONS INC 0.1%

Value $209K Shares 116,321 Est. Cost $4.47 Unrealized -39.3%

— FIRST SOUTH BANCORP INC VA 0.1%

Value $193K Shares 24,415 Est. Cost $7.86 Unrealized —

— DEX MEDIA INC NEW 0.0%

Value $17,000 Shares 123,673 Est. Cost $0.73 Unrealized —

GULTU GULF COAST ULTRA DEEP RTY TR 0.0%

Value $6,000 Shares 19,058 Est. Cost $2.94 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JLL	JONES LANG LASALLE INC	283,665	$40.78M	11.9%	$123.43	+29.2%	COM	48020Q107
—	MCGRAW HILL FINL INC	347,095	$30.02M	8.7%	$96.00	—	COM	580645109
—	MARKIT LTD	749,856	$21.75M	6.3%	$26.62	—	SHS	G58249106
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	333,039	$20.85M	6.1%	$44.13	+26.1%	CL A	192446102
—	LUXOFT HLDG INC	308,988	$19.56M	5.7%	$52.01	—	ORD SHS CL A	G57279104
UHAL	AMERCO	43,666	$17.18M	5.0%	$17.37	+109.2%	COM	023586100
—	PAREXEL INTL CORP	266,112	$16.48M	4.8%	$62.81	—	COM	699462107
YELP	YELP INC	739,664	$16.02M	4.7%	$27.74	0.0%	CL A	985817105
—	PRICELINE GRP INC	12,481	$15.44M	4.5%	$1162.81	—	COM NEW	741503403
—	LIFELOCK INC	1,750,475	$15.33M	4.5%	$8.76	—	COM	53224V100
EPAM	EPAM SYS INC	202,500	$15.09M	4.4%	$72.17	0.0%	COM	29414B104
—	SOTHEBYS	462,860	$14.8M	4.3%	$43.25	—	COM	835898107
MCK	MCKESSON CORP	72,603	$13.43M	3.9%	$195.59	0.0%	COM	58155Q103
KFY	KORN FERRY INTL	397,086	$13.13M	3.8%	$24.75	+18.9%	COM NEW	500643200
—	TARO PHARMACEUTICAL INDS LTD	77,040	$11.01M	3.2%	$142.89	—	SHS	M8737E108
UNH	UNITEDHEALTH GROUP INC	89,490	$10.38M	3.0%	$96.09	+5.3%	COM	91324P102
MLKN	MILLER HERMAN INC	261,818	$7.551M	2.2%	$21.96	-0.7%	COM	600544100
CYH	COMMUNITY HEALTH SYS INC NEW	128,107	$5.479M	1.6%	$41.41	+10.7%	COM	203668108
—	COOPER COS INC	35,000	$5.21M	1.5%	$148.86	—	COM NEW	216648402
—	BGC PARTNERS INC	588,000	$4.833M	1.4%	$7.34	—	CL A	05541T101
—	TWITTER INC	163,935	$4.416M	1.3%	$34.71	—	COM	90184L102
ICLR	ICON PLC	57,264	$4.064M	1.2%	$75.27	0.0%	SHS	G4705A100
WMT	WAL-MART STORES INC	53,746	$3.485M	1.0%	$18.91	0.0%	COM	931142103
—	FRESH MKT INC	132,912	$3.002M	0.9%	$22.59	—	COM	35804H106
—	ZS PHARMA INC	45,021	$2.956M	0.9%	$65.66	—	COM	98979G105
—	ZAIS FINL CORP	134,149	$1.798M	0.5%	$16.17	—	COM	98886K108
UNFI	UNITED NAT FOODS INC	33,993	$1.649M	0.5%	$51.37	0.0%	COM	911163103
CNC	CENTENE CORP DEL	28,073	$1.522M	0.4%	$33.46	0.0%	COM	15135B101
TNET	TRINET GROUP INC	79,101	$1.329M	0.4%	$30.50	-34.7%	COM	896288107
—	E-COMMERCE CHINA DANGDANG IN	218,070	$1.302M	0.4%	$5.97	—	SPN ADS COM A	26833A105
—	SOLARWINDS INC	20,334	$798K	0.2%	$39.24	—	COM	83416B109
—	ECHO GLOBAL LOGISTICS INC	25,948	$509K	0.1%	$19.62	—	COM	27875T101
WBS	WEBSTER FINL CORP CONN	14,087	$502K	0.1%	$33.59	+10.9%	COM	947890109
—	MORGANS HOTEL GROUP CO	132,851	$441K	0.1%	$4.39	—	COM	61748W108
—	CHASE CORP	10,638	$419K	0.1%	$39.65	—	COM	16150R104
—	SMARTPROS LTD	145,708	$388K	0.1%	$1.42	—	COM	83171G103
—	RETAILMENOT INC	39,684	$327K	0.1%	$8.24	—	COM SER 1	76132B106
PRXIQ	PREMIER EXHIBITIONS INC	116,321	$209K	0.1%	$4.47	-39.3%	COM NEW	74051E201
—	FIRST SOUTH BANCORP INC VA	24,415	$193K	0.1%	$7.86	—	COM	33646W100
—	DEX MEDIA INC NEW	123,673	$17,000	0.0%	$0.73	—	COM	25213A107
GULTU	GULF COAST ULTRA DEEP RTY TR	19,058	$6,000	0.0%	$2.94	—	ROYALTY TR UNT	40222T104