SRS Investment Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), SRS Investment Management, LLC reported 31 stock positions worth $9.5 billion. Its top holding was Avis Budget (CAR) at 23.5% of the portfolio, followed by Netflix (NFLX, 15.0%) and Tapestry (TPR, 6.8%). Compared with Q3 2025, it opened 8 new positions, sold out of 5, added to 7 and reduced 5. The biggest buy was a new position in Airbnb Class A (ABNB) and the biggest sale PDD (PDD, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001503174
- Portfolio Value
- $9.5B (Q4 2025)
- SEC Filing
- 0001172661-26-000908 ↗ filed Feb 17, 2026
Holdings Value
Holdings 31 stocks · $9.5B
| CAR Avis Budget Group Inc. | 23.55% | 17,430,882 | $2.2B | No change |
| NFLX Netflix Inc. | 14.99% | 15,184,530 | $1.4B | No change |
| TPR Tapestry Inc. | 6.79% | 5,045,999 | $644.7M | No change |
| NVDA Nvidia Corp. | 6.48% | 3,300,724 | $615.6M | Add +3.0% |
| PLNT Planet Fitness Inc. Class A | 5.57% | 4,877,578 | $529.1M | Add +4.5% |
| META Meta Platforms Inc. Class A | 5.17% | 743,500 | $490.8M | No change |
| AMD Advanced Micro Devices | 3.69% | 1,635,630 | $350.3M | Add +42.1% |
| ABNB Airbnb Inc. Class A | 3.60% | 2,520,021 | $342.0M | New |
| BURL Burlington Stores Inc. | 3.51% | 1,153,720 | $333.3M | No change |
| UAL United Airlines Holdings Inc. | 3.42% | 2,903,678 | $324.7M | Add +0.1% |
| CLS Celestica Inc. | 3.16% | 1,014,214 | $299.8M | Reduce -26.1% |
| TWLO Twilio Inc. Class A | 2.71% | 1,810,278 | $257.5M | New |
| RBLX Roblox Corp. Class A | 2.51% | 2,937,990 | $238.1M | New |
| MDB Mongodb Inc. | 2.32% | 525,609 | $220.6M | Reduce -2.6% |
| KMX Carmax Inc. | 2.29% | 5,637,803 | $217.8M | Add +1717.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.63% | 508,726 | $154.6M | Reduce -35.8% |
| HUT Hut 8 Corp. | 1.39% | 2,869,797 | $131.8M | New |
| PDD PDD Holdings Inc. | 1.21% | 1,016,859 | $115.3M | Reduce -61.7% |
| SPOT Spotify Technology SA | 0.90% | 147,109 | $85.4M | No change |
| FN Fabrinet | 0.68% | 141,220 | $64.3M | New |
| HD Home Depot Inc. | 0.65% | 180,302 | $62.0M | No change |
| TCOM Trip.com Group Ltd.-ADR | 0.57% | 756,185 | $54.4M | No change |
| ELV Elevance Health Inc. | 0.54% | 146,976 | $51.5M | No change |
| DAL Delta Air Lines Inc. | 0.54% | 736,282 | $51.1M | Add +50.4% |
| CVS CVS Health Corp. | 0.51% | 612,778 | $48.6M | Reduce -49.7% |
| GLBE Global-E Online Ltd. | 0.37% | 896,717 | $35.2M | Add +203.4% |
| WRBY Warby Parker Inc. Class A | 0.33% | 1,435,383 | $31.3M | New |
| LOW Lowe's Cos Inc. | 0.32% | 126,488 | $30.5M | No change |
| CMCSA Comcast Corp. Class A | 0.31% | 969,699 | $29.0M | No change |
| CRDO Credo Technology Group Holdi | 0.17% | 111,678 | $16.1M | New |
| HSAI Hesai Group | 0.13% | 558,767 | $12.5M | New |
Portfolio Sells Q3 2025 → Q4 2025
| PDD PDD Holdings Inc. | Reduce -61.7% | 1.21% | −2.61 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -35.8% | 1.63% | −0.78 |
| CLS Celestica Inc. | Reduce -26.1% | 3.16% | −0.53 |
| CVS CVS Health Corp. | Reduce -49.7% | 0.51% | −0.49 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.20 |
| WWW Wolverine World Wide Inc. | Sold out | 0.00% | −0.15 |
| CNC Centene Corp. | Sold out | 0.00% | −0.05 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −0.03 |
| CAI Caris Life Sciences Inc. | Sold out | 0.00% | −0.02 |
| MDB Mongodb Inc. | Reduce -2.6% | 2.32% | +0.50 |
Portfolio Buys Q3 2025 → Q4 2025
| ABNB Airbnb Inc. Class A | New | 3.60% | +3.60 |
| TWLO Twilio Inc. Class A | New | 2.71% | +2.71 |
| RBLX Roblox Corp. Class A | New | 2.51% | +2.51 |
| KMX Carmax Inc. | Add +1717.5% | 2.29% | +2.14 |
| AMD Advanced Micro Devices | Add +42.1% | 3.69% | +1.66 |
| HUT Hut 8 Corp. | New | 1.39% | +1.39 |
| FN Fabrinet | New | 0.68% | +0.68 |
| UAL United Airlines Holdings Inc. | Add +0.1% | 3.42% | +0.37 |
| WRBY Warby Parker Inc. Class A | New | 0.33% | +0.33 |
| PLNT Planet Fitness Inc. Class A | Add +4.5% | 5.57% | +0.30 |
| GLBE Global-E Online Ltd. | Add +203.4% | 0.37% | +0.26 |
| DAL Delta Air Lines Inc. | Add +50.4% | 0.54% | +0.24 |
| CRDO Credo Technology Group Holdi | New | 0.17% | +0.17 |
| HSAI Hesai Group | New | 0.13% | +0.13 |
| NVDA Nvidia Corp. | Add +3.0% | 6.48% | −0.03 |
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 |