In Kerrisdale Capital's June investor factsheet a copy of which was obtained by Hedge Fund Alpha, the hedge fund disclosed 2.4% gains, raising the year-to-date (YTD) to 11.4%. Seagate (STX), the largest position in the portfolio, was the primary performance driver. Its stock more than doubled in value from the beginning of April, moving from $66 to $157.
In the last couple of years, the portfolio delivered modest gains, finishing 2024 and 2023 with 1.6% and -0.2% returns. On a YTD basis, the fund is significantly outperforming the benchmark (S&P 500), which delivered 6.2%.
Kerrisdale Capital is a value-oriented investing firm that targets public securities. It was founded in 2009 by Sahm Adrangi with under $1 million in...
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