SRS Investment Management
New York, NYfiles as SRS Investment Management, LLC
$10.7bn in 32 US stocks at the end of 30 June 2026. The top 10 are 73.5% of the money. It changed about 17.4% of the portfolio this quarter.
Value
$10.7bn
Stocks
32
Top 10 share
73.5%
Turnover
17.4%
What changed this quarter
New
Bought for the first time this quarter.
- CoherentCOHR3.4% of the fund
- FermiFRMI1.7% of the fund
- Charles River Laboratories InternationalCRL0.4% of the fund
- HumanaHUM0.1% of the fund
- Soundhound AISOUN<0.1% of the fund
Added
Bought more of a stock they already held.
- RobloxRBLX6.7% of the fund+98%
- Credo Technology Group HoldingCRDO6.6% of the fund+3%
- CarMaxKMX2.9% of the fund+5%
- MongoDBMDB2.3% of the fund+40%
- Five BelowFIVE1.9% of the fund+53%
- Elevance HealthELV0.2% of the fund+4%
Cut
Sold some of their stake.
- TapestryTPR5.6% of the fund-20%
- Advanced Micro DevicesAMD4.7% of the fund-40%
- Burlington StoresBURL3.2% of the fund-7%
- CelesticaCLS3.1% of the fund-10%
- TwilioTWLO2.1% of the fund-48%
- Taiwan Semiconductor ManufacturingTSM1.2% of the fund-49%
- Hut 8HUT1.1% of the fund-68%
- AirbnbABNB0.8% of the fund-65%
Sold out
Sold their entire stake.
- Delta Air LinesDAL-100%
- Global-E OnlineGLBE-100%
Holdings
- Trip COM GroupTCOM
- Share
- 0.3%
- Value
- $30m
- Shares
- 763,477
Held
- Hesai GroupHSAI
- Share
- <0.1%
- Value
- $10m
- Shares
- 563,130
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Avis Budget GroupCAR | 24.1% | $2.6bn | 17,430,882 | Held |
| NetflixNFLX | 10.1% | $1.1bn | 15,184,530 | Held |
| RobloxRBLX | 6.7% | $710m | 13,063,442 | +98% |
| Credo Technology Group HoldingCRDO | 6.6% | $700m | 2,573,808 | +3% |
| TapestryTPR | 5.6% | $595m | 4,062,897 | -20% |
| Advanced Micro DevicesAMD | 4.7% | $504m | 867,370 | -40% |
| NvidiaNVDA | 4.7% | $500m | 2,500,000 | Held |
| Meta PlatformsMETA | 3.8% | $410m | 727,009 | Held |
| United Airlines HoldingsUAL | 3.7% | $400m | 2,942,727 | Held |
| CoherentCOHR | 3.4% | $367m | 929,963 | New |
| Burlington StoresBURL | 3.2% | $341m | 1,075,291 | -7% |
| CelesticaCLS | 3.1% | $333m | 911,927 | -10% |
| CarMaxKMX | 2.9% | $313m | 5,922,862 | +5% |
| Planet FitnessPLNT | 2.4% | $257m | 4,917,311 | Held |
| MongoDBMDB | 2.3% | $248m | 738,611 | +40% |
| TwilioTWLO | 2.1% | $222m | 1,075,683 | -48% |
| Five BelowFIVE | 1.9% | $199m | 1,105,109 | +53% |
| FermiFRMI | 1.7% | $185m | 20,205,579 | New |
| Taiwan Semiconductor ManufacturingTSM | 1.2% | $125m | 261,301 | -49% |
| Hut 8HUT | 1.1% | $115m | 1,000,000 | -68% |
| Spotify TechnologySPOT | 1.1% | $113m | 245,475 | Held |
| AirbnbABNB | 0.8% | $90m | 627,405 | -65% |
| SandiskSNDK | 0.8% | $80m | 35,374 | Held |
| Warby ParkerWRBY | 0.4% | $44m | 1,453,523 | Held |
| Charles River Laboratories InternationalCRL | 0.4% | $42m | 187,384 | New |
| Trip COM GroupTCOM | 0.3% | $30m | 763,477 | Held |
| ComcastCMCSA | 0.2% | $24m | 984,257 | Held |
| Elevance HealthELV | 0.2% | $24m | 61,945 | +4% |
| CoupangCPNG | 0.2% | $20m | 1,127,533 | Held |
| HumanaHUM | 0.1% | $13m | 33,282 | New |
| Hesai GroupHSAI | <0.1% | $10m | 563,130 | Held |
| Soundhound AISOUN | <0.1% | $7m | 1,019,072 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 10.7% since 30 June 2025.
Where the money is
Technology35.5%
Industrials27.9%
Retail & consumer17.0%
Media & telecom15.3%
Real estate1.7%
Health care1.2%
Financial services1.1%
Other0.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.