SRS Investment Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), SRS Investment Management, LLC reported 26 stock positions worth $9.7 billion. Its top holding was Avis Budget (CAR) at 30.5% of the portfolio, followed by Netflix (NFLX, 22.7%) and Meta Platforms Class A (META, 6.2%). Compared with Q1 2025, it opened 7 new positions, sold out of 4, added to 4 and reduced 5. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale Snap Class A (SNAP, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001503174
- Portfolio Value
- $9.7B (Q2 2025)
- SEC Filing
- 0001172661-25-003430 ↗ filed Aug 14, 2025
Holdings Value
Holdings 26 stocks · $9.7B
| CAR Avis Budget Group Inc. | 30.53% | 17,430,882 | $2.9B | No change |
| NFLX Netflix Inc. | 22.67% | 1,634,454 | $2.2B | Reduce -19.7% |
| META Meta Platforms Inc. Class A | 6.23% | 814,854 | $601.4M | Add +9.6% |
| PLNT Planet Fitness Inc. Class A | 5.27% | 4,665,433 | $508.8M | Reduce -0.8% |
| TPR Tapestry Inc. | 4.85% | 5,332,824 | $468.3M | Add +12.4% |
| PDD PDD Holdings Inc. | 4.41% | 4,064,381 | $425.4M | No change |
| NVDA Nvidia Corp. | 4.34% | 2,653,210 | $419.2M | New |
| BURL Burlington Stores Inc. | 3.55% | 1,472,137 | $342.5M | Add +15.9% |
| MDB Mongodb Inc. | 3.04% | 1,396,718 | $293.3M | No change |
| SNAP Snap Inc. Class A | 2.93% | 32,531,928 | $282.7M | Reduce -55.9% |
| UAL United Airlines Holdings Inc. | 2.39% | 2,901,113 | $231.0M | No change |
| HIMS Hims & Hers Health Inc. | 2.07% | 4,000,000 | $199.4M | No change |
| TSM Taiwan Semiconductor-SP ADR | 1.86% | 792,859 | $179.6M | No change |
| CLS Celestica Inc. | 1.40% | 866,629 | $135.3M | New |
| SPOT Spotify Technology SA | 1.17% | 147,109 | $112.9M | No change |
| CVS CVS Health Corp. | 0.87% | 1,217,292 | $84.0M | Reduce -0.0% |
| ELV Elevance Health Inc. | 0.59% | 146,376 | $56.9M | No change |
| TCOM Trip.com Group Ltd.-ADR | 0.46% | 756,185 | $44.3M | No change |
| MSFT Microsoft Corp. | 0.39% | 76,174 | $37.9M | New |
| CMCSA Comcast Corp. Class A | 0.36% | 969,699 | $34.6M | No change |
| TEAM Atlassian Corp. Class A | 0.29% | 137,534 | $27.9M | Reduce -86.4% |
| ALGN Align Technology Inc. | 0.15% | 75,179 | $14.2M | New |
| GLBE Global-E Online Ltd. | 0.10% | 295,549 | $9.9M | Add +80.9% |
| WWW Wolverine World Wide Inc. | 0.04% | 207,631 | $3.8M | New |
| LAD Lithia Motors Inc. | 0.03% | 8,705 | $2.9M | New |
| CAI Caris Life Sciences Inc. | 0.01% | 50,000 | $1.3M | New |
Portfolio Sells Q1 2025 → Q2 2025
| SNAP Snap Inc. Class A | Reduce -55.9% | 2.93% | −5.68 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −4.12 |
| NFLX Netflix Inc. | Reduce -19.7% | 22.67% | −2.77 |
| TEAM Atlassian Corp. Class A | Reduce -86.4% | 0.29% | −2.59 |
| PLNT Planet Fitness Inc. Class A | Reduce -0.8% | 5.27% | −0.82 |
| HUM Humana Inc. | Sold out | 0.00% | −0.44 |
| TRIP Tripadvisor Inc. | Sold out | 0.00% | −0.25 |
| CVS CVS Health Corp. | Reduce -0.0% | 0.87% | −0.24 |
| RGTI Rigetti Computing Inc. | Sold out | 0.00% | −0.13 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | New | 4.34% | +4.34 |
| CLS Celestica Inc. | New | 1.40% | +1.40 |
| META Meta Platforms Inc. Class A | Add +9.6% | 6.23% | +0.48 |
| MSFT Microsoft Corp. | New | 0.39% | +0.39 |
| TPR Tapestry Inc. | Add +12.4% | 4.85% | +0.37 |
| ALGN Align Technology Inc. | New | 0.15% | +0.15 |
| WWW Wolverine World Wide Inc. | New | 0.04% | +0.04 |
| LAD Lithia Motors Inc. | New | 0.03% | +0.03 |
| GLBE Global-E Online Ltd. | Add +80.9% | 0.10% | +0.02 |
| CAI Caris Life Sciences Inc. | New | 0.01% | +0.01 |
| BURL Burlington Stores Inc. | Add +15.9% | 3.55% | −0.51 |
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 |