9AT: KERRISDALE ADVISERS, LLC

other names

KERRISDALE ADVISERS, LLC
KERRISDALE CAPITAL MANAGEMENT, LLC

Adviser Profile

As of Date	03/28/2025
ADV Location	MIAMI BEACH, FL, United States
Adviser Type - Large advisory firm
Number of Employees	4 -64%
of those in investment advisory functions	1 -75%
Registration	SEC, Approved, 03/27/2012

AUM^*	442,576,357 -36%
of that, discretionary	442,576,357 -36%
Private Fund GAV^*	442,576,357 -18%
Avg Account Size	110,644,089 -36%
SMA’s	No
Private Funds	4 2
Contact Info	212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count4	GAV$442,576,357

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser PINNBROOK CAPITAL MANAGEMENT LP	Hedge Fund812.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV812.8m	AUM812.8m	#Funds4
Adviser NINE TEN CAPITAL MANAGEMENT	Hedge Fund445.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV445.4m	AUM445.4m	#Funds1
Adviser GREENBRIER PARTNERS CAPITAL MANAGEMENT, LLC	Hedge Fund1.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.4b	AUM1.4b	#Funds1
Adviser EVR RESEARCH LP	Hedge Fund517.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV517.9m	AUM517.9m	#Funds3
Adviser BERYL CAPITAL MANAGEMENT, LLC	Hedge Fund882.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV882.9m	AUM995.9m	#Funds4
Adviser ELGETHUN CAPITAL MANAGEMENT	Hedge Fund6.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund13.4m	Total Private Fund GAV19.8m	AUM884.5m	#Funds2
Adviser WYNKOOP LLC	Hedge Fund208.9m	Liquidity Fund-	Private Equity Fund10.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV219.3m	AUM445.0m	#Funds6
Adviser JHL CAPITAL GROUP LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM697.7m	#Funds-
Adviser RAYS CAPITAL PARTNERS LIMITED	Hedge Fund354.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV354.5m	AUM362.8m	#Funds7
Adviser BLUE SWELL ASSET MANAGEMENT PRIVATE LIMITED	Hedge Fund201.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV201.4m	AUM1.3b	#Funds2

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck TickerG7997R103	Stock NameSEAGATE TECHNOLOGY HLDNGS PL	$ Position$42,252,752	% Position22.00%	$ Change-12.00%	# Change-48.00%
Stck Ticker91324P102	Stock NameUNITEDHEALTH GROUP INC	$ Position$12,318,135	% Position6.00%	$ Change2451.00%	# Change4183.00%
Stck Ticker92826C839	Stock NameVISA INC	$ Position$9,722,689	% Position5.00%	$ Change-38.00%	# Change-39.00%
Stck Ticker83601L102	Stock NameSOTERA HEALTH CO	$ Position$8,843,869	% Position5.00%	$ Change-5.00%	# Change0.00%
Stck TickerG65431127	Stock NameNOBLE CORP PLC	$ Position$9,345,202	% Position5.00%	$ Change19.00%	# Change7.00%
Stck Ticker58733R102	Stock NameMERCADOLIBRE INC	$ Position$10,512,020	% Position5.00%	$ Change-17.00%	# Change-38.00%
Stck Ticker29260V105	Stock NameENDAVA PLC	$ Position$8,208,502	% Position4.00%	$ Change20.00%	# Change53.00%
Stck Ticker00108J109	Stock NameACM RESH INC	$ Position$7,420,272	% Position4.00%	$ Change48.00%	# Change34.00%
Stck Ticker02079K305	Stock NameALPHABET INC	$ Position$5,978,955	% Position3.00%	$ Change-40.00%	# Change-48.00%
Stck Ticker98980L101	Stock NameZOOM COMMUNICATIONS INC	$ Position$5,043,668	% Position3.00%	$ Change16.00%	# Change10.00%

Brochure Summary

Overview

Kerrisdale Advisers, LLC is a New York limited liability company and an investment adviser with its principal place of business in Miami, FL. Kerrisdale commenced operations in April 2009. Sahm Adrangi is the principal owner of Kerrisdale. As of January 1, 2024, the Firm provides investment management services to the following private pooled investment vehicles (collectively, the “Flagship Funds”):
• Kerrisdale Partners, L.P. (“Domestic Feeder Fund”)
• Kerrisdale Partners Offshore, Ltd. (“Offshore Feeder Fund”)
• Kerrisdale Partners Master Fund, Ltd. (“Master Fund”) The Firm also provides investment management services to the following private pooled investment vehicle:
• Kerrisdale Long Only Fund, L.P. (“Long Only Fund”) The foregoing vehicles referenced above are collectively referred to as the “Funds” and “Client Accounts” and, each, a Fund and Client Account. The Firm provides advice to the Funds based on specific investment objectives and strategies. However, Kerrisdale does not tailor advisory services to the individual needs of investors (the “Investors”) in the Funds. The Investors may not impose restrictions on investing in certain securities or types of securities. Each Fund is governed by a limited partnership agreement or memorandum and articles of association,

as applicable, and a description of the relevant Fund’s activities and investment program is set forth in such Fund’s offering documents (if any) or other disclosure documents and its respective investment advisory agreements (such governing documents, offering documents and agreements, are referred to as the Fund’s “Constituent Documents”). In many instances a more detailed discussion of the topics discussed in this Brochure is available in a Fund’s Constituent Documents. Certain investors may have entered into separate agreements with Kerrisdale and/or its affiliates, amending one or more terms set forth in applicable Constituent Documents with respect to such investor. The Funds are managed in accordance with the investment objectives, guidelines and restrictions set forth in their respective Constituent Documents, and are described in Item 8, “Methods of Analysis, Investment Strategies and Risk of Loss,” below. Kerrisdale Capital Management, LLC (the “General Partner”) is the general partner of the Flagship Funds. Kerrisdale Long Only Fund GP, LLC (the “Long Only General Partner”) is the general partner of the Long Only Fund. As of January 1, 2024, the Firm managed net assets of approximately $360 million of the Client Accounts, all of which are managed on a discretionary basis.

KERRISDALE ADVISERS, LLC

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