Kerrisdale Partners Gains 7% in June, Boosting 2026 to 40% Net

Kerrisdale Partners, L.P. returned +6.7% net in June 2026, a fifth winning month in the year’s first six and enough to carry the activist hedge fund’s year-to-date net return to +38.9%. The S&P 500 returned +10.2% over the same half-year. That leaves Sahm Adrangi’s fund roughly 29 points ahead of the index at the midpoint, according to a tearsheet sent to investors.

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Only two calendar years in the fund’s history have finished above where 2026 already stands after six months: 2010’s +62.5% and the +201.2% of 2011. Assets under management reached $324 million as of July 1, up from $304 million a month earlier.