SRS Investment Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), SRS Investment Management, LLC reported 28 stock positions worth $9.2 billion. Its top holding was Avis Budget (CAR) at 30.5% of the portfolio, followed by Netflix (NFLX, 19.8%) and Nvidia (NVDA, 6.5%). Compared with Q2 2025, it opened 6 new positions, sold out of 4, added to 5 and reduced 6. The biggest buy was Celestica (CLS, shares +58%) and the biggest sale an exit from Snap Class A (SNAP).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001503174
- Portfolio Value
- $9.2B (Q3 2025)
- SEC Filing
- 0001172661-25-004990 ↗ filed Nov 14, 2025
Holdings Value
Holdings 28 stocks · $9.2B
| CAR Avis Budget Group Inc. | 30.48% | 17,430,882 | $2.8B | No change |
| NFLX Netflix Inc. | 19.82% | 1,518,454 | $1.8B | Reduce -7.1% |
| NVDA Nvidia Corp. | 6.51% | 3,203,631 | $597.7M | Add +20.8% |
| TPR Tapestry Inc. | 6.22% | 5,045,999 | $571.3M | Reduce -5.4% |
| META Meta Platforms Inc. Class A | 5.95% | 743,500 | $546.0M | Reduce -8.8% |
| PLNT Planet Fitness Inc. Class A | 5.27% | 4,665,433 | $484.3M | No change |
| PDD PDD Holdings Inc. | 3.82% | 2,654,394 | $350.8M | Reduce -34.7% |
| CLS Celestica Inc. | 3.68% | 1,372,416 | $338.1M | Add +58.4% |
| BURL Burlington Stores Inc. | 3.20% | 1,153,720 | $293.6M | Reduce -21.6% |
| UAL United Airlines Holdings Inc. | 3.05% | 2,901,113 | $280.0M | No change |
| TSM Taiwan Semiconductor-SP ADR | 2.41% | 792,859 | $221.4M | No change |
| AMD Advanced Micro Devices | 2.03% | 1,151,405 | $186.3M | New |
| MDB Mongodb Inc. | 1.82% | 539,727 | $167.5M | Reduce -61.4% |
| SPOT Spotify Technology SA | 1.12% | 147,109 | $102.7M | No change |
| CVS CVS Health Corp. | 1.00% | 1,217,292 | $91.8M | No change |
| HD Home Depot Inc. | 0.80% | 180,302 | $73.1M | New |
| TCOM Trip.com Group Ltd.-ADR | 0.62% | 756,185 | $56.9M | No change |
| ELV Elevance Health Inc. | 0.52% | 146,976 | $47.5M | Add +0.4% |
| LOW Lowe's Cos Inc. | 0.35% | 126,488 | $31.8M | New |
| CMCSA Comcast Corp. Class A | 0.33% | 969,699 | $30.5M | No change |
| DAL Delta Air Lines Inc. | 0.30% | 489,675 | $27.8M | New |
| ALGN Align Technology Inc. | 0.20% | 146,354 | $18.3M | Add +94.7% |
| KMX Carmax Inc. | 0.15% | 310,200 | $13.9M | New |
| WWW Wolverine World Wide Inc. | 0.15% | 504,498 | $13.8M | Add +143.0% |
| GLBE Global-E Online Ltd. | 0.12% | 295,549 | $10.6M | No change |
| CNC Centene Corp. | 0.05% | 125,788 | $4.5M | New |
| LAD Lithia Motors Inc. | 0.03% | 8,705 | $2.8M | No change |
| CAI Caris Life Sciences Inc. | 0.02% | 50,000 | $1.5M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| SNAP Snap Inc. Class A | Sold out | 0.00% | −2.93 |
| NFLX Netflix Inc. | Reduce -7.1% | 19.82% | −2.85 |
| HIMS Hims & Hers Health Inc. | Sold out | 0.00% | −2.07 |
| MDB Mongodb Inc. | Reduce -61.4% | 1.82% | −1.21 |
| PDD PDD Holdings Inc. | Reduce -34.7% | 3.82% | −0.59 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.39 |
| BURL Burlington Stores Inc. | Reduce -21.6% | 3.20% | −0.35 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.29 |
| META Meta Platforms Inc. Class A | Reduce -8.8% | 5.95% | −0.29 |
| TPR Tapestry Inc. | Reduce -5.4% | 6.22% | +1.37 |
Portfolio Buys Q2 2025 → Q3 2025
| CLS Celestica Inc. | Add +58.4% | 3.68% | +2.28 |
| NVDA Nvidia Corp. | Add +20.8% | 6.51% | +2.17 |
| AMD Advanced Micro Devices | New | 2.03% | +2.03 |
| HD Home Depot Inc. | New | 0.80% | +0.80 |
| LOW Lowe's Cos Inc. | New | 0.35% | +0.35 |
| DAL Delta Air Lines Inc. | New | 0.30% | +0.30 |
| KMX Carmax Inc. | New | 0.15% | +0.15 |
| WWW Wolverine World Wide Inc. | Add +143.0% | 0.15% | +0.11 |
| ALGN Align Technology Inc. | Add +94.7% | 0.20% | +0.05 |
| CNC Centene Corp. | New | 0.05% | +0.05 |
| ELV Elevance Health Inc. | Add +0.4% | 0.52% | −0.07 |
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 |