SRS Investment Management, LLC
Long book
$9.47B
Q1 2026
Positions
29
Top-10 weight
77%
concentration
Last quarter
+16.4%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsSRS Investment Management, LLC is a concentrated fundamental stock-picker, running a $9.47B US long book across 29 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: AVIS BUDGET GROUP INC, NETFLIX INC, TAPESTRY INC, NVIDIA CORP, META PLATFORMS INC-CLASS A.
Over the last 9 quarters its long book ran on average 0.7pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.6%
Q2 2024
-6.5%
Q3 2024
+6.8%
Q4 2024
-4.2%
Q1 2025
+36.9%
Q2 2025
+2.6%
Q3 2025
-7.5%
Q4 2025
-1.6%
Q1 2026
+16.4%
Sector allocation
Services media 50%
Technology 27%
Consumer discretionary 9%
Other 8%
Industrials 3%
Financials 2%
Communications 2%
Healthcare 0%
Long book by quarter
What does SRS Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CAR AVIS BUDGET GROUP INC | Services media | 17.4M | $2.54B | 26.9% | Held |
| NFLX NETFLIX INC | Services media | 15.2M | $1.46B | 15.4% | Held |
| TPR TAPESTRY INC | Other | 5.1M | $712.9M | 7.5% | +0.1% |
| NVDA NVIDIA CORP | Technology | 2.5M | $436.1M | 4.6% | -24.2% |
| META META PLATFORMS INC-CLASS A | Technology | 719.7K | $411.8M | 4.4% | -3.2% |
| BURL BURLINGTON STORES INC | Consumer discretionary | 1.2M | $376.4M | 4.0% | +0.3% |
| RBLX ROBLOX CORP -CLASS A | Technology | 6.6M | $373.4M | 3.9% | +124.7% |
| PLNT PLANET FITNESS INC - CL A | Services media | 4.9M | $363.5M | 3.8% | +0.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 1.4M | $293.5M | 3.1% | -11.8% |
| CLS CELESTICA INC | Technology | 1.0M | $286.4M | 3.0% | +0.2% |
| UAL UNITED AIRLINES HOLDINGS INC | Industrials | 2.9M | $268.2M | 2.8% | +0.3% |
| TWLO TWILIO INC - A | Technology | 2.1M | $259.7M | 2.7% | +14.0% |
| CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 2.5M | $235.2M | 2.5% | +2143.8% |
| KMX CARMAX INC | Consumer discretionary | 5.7M | $235.0M | 2.5% | +0.2% |
| ABNB AIRBNB INC-CLASS A | Services media | 1.8M | $224.3M | 2.4% | -29.5% |
| FIVE FIVE BELOW | Consumer discretionary | 722.8K | $165.2M | 1.7% | New |
| HUT HUT 8 CORP | Financials | 3.1M | $144.7M | 1.5% | +7.5% |
| MDB MONGODB INC | Technology | 526.9K | $129.0M | 1.4% | +0.3% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 244.5K | $118.6M | 1.3% | +66.2% |
| DAL DELTA AIR LINES INC | Industrials | 780.4K | $51.9M | 0.5% | +6.0% |
| GLBE GLOBAL-E ONLINE LTD | Technology | 1.2M | $38.2M | 0.4% | +37.9% |
| WRBY WARBY PARKER INC-CLASS A | Healthcare | 1.4M | $30.3M | 0.3% | +0.3% |
| CMCSA COMCAST CORP-CLASS A | Communications | 973.0K | $27.9M | 0.3% | +0.3% |
| SNDK SANDISK CORP | Technology | 35.1K | $22.3M | 0.2% | New |
| CPNG COUPANG INC | Consumer discretionary | 1.1M | $21.1M | 0.2% | New |
| ELV ELEVANCE HEALTH INC | Financials | 59.6K | $17.4M | 0.2% | -59.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 29 | $9.47B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 31 | $9.50B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 28 | $9.18B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 26 | $9.65B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 23 | $7.46B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 20 | $7.04B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 20 | $6.72B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 22 | $7.35B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 22 | $7.24B | canonical | SEC ↗ |
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