SRS Investment Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), SRS Investment Management, LLC reported 23 stock positions worth $7.5 billion. Its top holding was Netflix (NFLX) at 25.4% of the portfolio, followed by Avis Budget (CAR, 17.7%) and Snap Class A (SNAP, 8.6%). Compared with Q4 2024, it opened 7 new positions, sold out of 4, added to 3 and reduced 3. The biggest buy was a new position in Tapestry (TPR) and the biggest sale Atlassian Class A (TEAM, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001503174
- Portfolio Value
- $7.5B (Q1 2025)
- SEC Filing
- 0001172661-25-001956 ↗ filed May 15, 2025
Holdings Value
Holdings 23 stocks · $7.5B
| NFLX Netflix Inc. | 25.44% | 2,034,454 | $1.9B | No change |
| CAR Avis Budget Group Inc. | 17.74% | 17,430,882 | $1.3B | Add +1.8% |
| SNAP Snap Inc. Class A | 8.61% | 73,723,115 | $642.1M | No change |
| PDD PDD Holdings Inc. | 6.45% | 4,064,381 | $481.0M | No change |
| PLNT Planet Fitness Inc. Class A | 6.09% | 4,702,165 | $454.3M | No change |
| META Meta Platforms Inc. Class A | 5.75% | 743,500 | $428.5M | Reduce -12.1% |
| TPR Tapestry Inc. | 4.48% | 4,743,824 | $334.0M | New |
| UNH Unitedhealth Group Inc. | 4.12% | 586,729 | $307.3M | Add +101.0% |
| BURL Burlington Stores Inc. | 4.06% | 1,270,421 | $302.8M | No change |
| MDB Mongodb Inc. | 3.29% | 1,396,718 | $245.0M | New |
| TEAM Atlassian Corp. Class A | 2.88% | 1,011,588 | $214.7M | Reduce -22.5% |
| UAL United Airlines Holdings Inc. | 2.69% | 2,901,113 | $200.3M | No change |
| TSM Taiwan Semiconductor-SP ADR | 1.76% | 792,859 | $131.6M | Add +3.2% |
| HIMS Hims & Hers Health Inc. | 1.58% | 4,000,000 | $118.2M | New |
| CVS CVS Health Corp. | 1.11% | 1,217,492 | $82.5M | New |
| SPOT Spotify Technology SA | 1.08% | 147,109 | $80.9M | Reduce -63.0% |
| ELV Elevance Health Inc. | 0.85% | 146,376 | $63.7M | New |
| TCOM Trip.com Group Ltd.-ADR | 0.64% | 756,185 | $48.1M | New |
| CMCSA Comcast Corp. Class A | 0.48% | 969,699 | $35.8M | No change |
| HUM Humana Inc. | 0.44% | 123,293 | $32.6M | No change |
| TRIP Tripadvisor Inc. | 0.25% | 1,293,952 | $18.3M | No change |
| RGTI Rigetti Computing Inc. | 0.13% | 1,215,490 | $9.6M | New |
| GLBE Global-E Online Ltd. | 0.08% | 163,357 | $5.8M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| TEAM Atlassian Corp. Class A | Reduce -22.5% | 2.88% | −1.64 |
| SPOT Spotify Technology SA | Reduce -63.0% | 1.08% | −1.45 |
| META Meta Platforms Inc. Class A | Reduce -12.1% | 5.75% | −1.29 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.03 |
| VSXY Victoria's Secret & Co. | Sold out | 0.00% | −0.53 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.48 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.24 |
Portfolio Buys Q4 2024 → Q1 2025
| TPR Tapestry Inc. | New | 4.48% | +4.48 |
| MDB Mongodb Inc. | New | 3.29% | +3.29 |
| UNH Unitedhealth Group Inc. | Add +101.0% | 4.12% | +2.02 |
| HIMS Hims & Hers Health Inc. | New | 1.58% | +1.58 |
| CVS CVS Health Corp. | New | 1.11% | +1.11 |
| ELV Elevance Health Inc. | New | 0.85% | +0.85 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.64% | +0.64 |
| RGTI Rigetti Computing Inc. | New | 0.13% | +0.13 |
| TSM Taiwan Semiconductor-SP ADR | Add +3.2% | 1.76% | −0.39 |
| CAR Avis Budget Group Inc. | Add +1.8% | 17.74% | −1.88 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 32 | $10.7B | CAR, NFLX, RBLX, CRDO, TPR |
| Q1 2026 | 29 | $9.5B | CAR, NFLX, TPR, NVDA, META |
| Q4 2025 | 31 | $9.5B | CAR, NFLX, TPR, NVDA, PLNT |
| Q3 2025 | 28 | $9.2B | CAR, NFLX, NVDA, TPR, META |
| Q2 2025 | 26 | $9.7B | CAR, NFLX, META, PLNT, TPR |
| Q1 2025 | 23 | $7.5B | NFLX, CAR, SNAP, PDD, PLNT |
| Q4 2024 | 20 | $7.0B | NFLX, CAR, SNAP, META, PLNT |
| Q3 2024 | 20 | $6.7B | CAR, NFLX, SNAP, META, PDD |
| Q2 2024 | 22 | $7.3B | CAR, NFLX, SNAP, META, PDD |
| Q1 2024 | 22 | $7.2B | CAR, NFLX, SNAP, META, PDD |