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SRS Investment Management Portfolio holdings
AUM
$10.8B
Turnover
22.86%
1-Year Est. Return
34.05%
SRS Investment Management is a hedge fund firm whose principal owner is Karthik Sarma, a former McKinsey consultant who later spent five years at Tiger Global Management. It runs a global long/short equity fund alongside a separate long-only fund. Its managers build their picture of an industry by talking with its customers, competitors, suppliers and outside experts, and they expect to focus somewhat more on technology companies.
This Fund
S&P 500
This Quarter Est. Return
+31.71%
1 Year Est. Return
+34.05%
3 Year Est. Return
+166.08%
5 Year Est. Return
+334.12%
10 Year Est. Return
+3,200.89%
AUM
$10.8B
AUM Growth
+$1.35B
(+14%)
Cap. Flow
-$156M
Cap. Flow % of AUM
Cap. Flow %
-1.44%
Top 10 Holdings %
Top 10 Hldgs %
72.56%
Holding
35
New
6
Increased
16
Reduced
9
Closed
2
Avg Time Held
Equity + Options
2.1
years
Top 10 Avg Time Held
Equity + Options
3.2
years
Top 20 Avg Time Held
Equity + Options
2.5
years
Avg Time Held Equity only
2.2
years
Top 10 Avg Time Held Equity only
3.2
years
Top 20 Avg Time Held Equity only
2.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coherent
COHR
|
+$329M |
| 2 |
Roblox
RBLX
|
+$321M |
| 3 |
Fermi Inc
FRMI
|
+$128M |
| 4 |
Five Below
FIVE
|
+$82.3M |
| 5 |
MongoDB
MDB
|
+$63.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$236M |
| 2 |
Hut 8
HUT
|
+$202M |
| 3 |
Twilio
TWLO
|
+$175M |
| 4 |
Airbnb
ABNB
|
+$157M |
| 5 |
Tapestry
TPR
|
+$142M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.53% |
| 2 | Industrials | 27.53% |
| 3 | Communication Services | 21.65% |
| 4 | Consumer Discretionary | 17.14% |
| 5 | Real Estate | 1.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Avis
CAR
$4.23B
| $2.58B | 23.83% |
17,430,882
| – | – |
2013 Q2
52 quarters
|
|
2
Netflix
NFLX
$276B
| $1.08B | 10.03% |
15,184,530
| – | – |
2014 Q4
46 quarters
|
|
|
3
Roblox
RBLX
$35.3B
| $710M | 6.57% |
13,063,442
+6,461,768
| +98% | +$321M |
2025 Q4
2 quarters
|
|
4
Credo Technology Group
CRDO
$25.7B
| $700M | 6.47% |
2,573,808
+67,967
| +3% | +$13.4M |
2025 Q4
2 quarters
|
|
|
5
Tapestry
TPR
$24.9B
| $595M | 5.5% |
4,062,897
-988,947
| -20% | -$142M |
2025 Q1
5 quarters
|
|
|
6
Advanced Micro Devices
AMD
$798B
| $504M | 4.66% |
867,370
-575,182
| -40% | -$236M |
2025 Q3
3 quarters
|
|
7
NVIDIA
NVDA
$4.83T
| $500M | 4.63% |
2,500,000
-525
| -0% | -$108K |
2025 Q2
4 quarters
|
|
8
Meta Platforms (Facebook)
META
$1.64T
| $410M | 3.79% |
727,009
+7,280
| +1% | +$4.45M |
2018 Q1
33 quarters
|
|
9
United Airlines
UAL
$37.6B
| $400M | 3.7% |
2,942,727
+30,243
| +1% | +$3.13M |
2024 Q2
8 quarters
|
|
|
10
Coherent
COHR
$38.4B
| $367M | 3.39% |
+929,963
| New | +$329M |
2026 Q2
0 quarters
|
|
11
Burlington
BURL
$16.2B
| $341M | 3.15% |
1,075,291
-81,578
| -7% | -$26.3M |
2024 Q1
9 quarters
|
|
12
Celestica
CLS
$29.8B
| $333M | 3.08% |
911,927
-104,813
| -10% | -$39.3M |
2025 Q2
4 quarters
|
|
13
CarMax
KMX
$7.83B
| $313M | 2.9% |
5,922,862
+271,188
| +5% | +$11.8M |
2025 Q3
3 quarters
|
|
14
Planet Fitness
PLNT
$4.31B
| $257M | 2.37% |
4,917,311
+30,789
| +0.6% | +$1.81M |
2019 Q4
26 quarters
|
|
|
15
MongoDB
MDB
$26.5B
| $248M | 2.29% |
738,611
+211,669
| +40% | +$63.5M |
2025 Q1
5 quarters
|
|
|
16
Twilio
TWLO
$33B
| $222M | 2.05% |
1,075,683
-988,725
| -48% | -$175M |
2025 Q4
2 quarters
|
|
|
17
Five Below
FIVE
$13.9B
| $199M | 1.84% |
1,105,109
+382,283
| +53% | +$82.3M |
2026 Q1
1 quarter
|
|
|
18
Fermi Inc
FRMI
$1.17B
| $185M | 1.71% |
+20,205,579
| New | +$128M |
2026 Q2
0 quarters
|
|
19
CALL
Tesla
TSLA
$1.52T
| $133M | 1.23% |
+315,200
| New | +$125M |
2026 Q2
0 quarters
|
|
20
TSMC
TSM
$2.05T
| $125M | 1.15% |
261,301
-248,772
| -49% | -$101M |
2023 Q2
12 quarters
|
|
|
21
Hut 8
HUT
$6.03B
| $115M | 1.07% |
1,000,000
-2,084,905
| -68% | -$202M |
2025 Q4
2 quarters
|
|
22
Spotify
SPOT
$129B
| $113M | 1.04% |
245,475
+928
| +0.4% | +$442K |
2023 Q1
13 quarters
|
|
|
23
Airbnb
ABNB
$104B
| $89.8M | 0.83% |
627,405
-1,149,146
| -65% | -$157M |
2025 Q4
2 quarters
|
|
24
Sandisk
SNDK
$148B
| $80.4M | 0.74% |
35,374
+279
| +0.8% | +$398K |
2026 Q1
1 quarter
|
|
25
Warby Parker
WRBY
$2.63B
| $44.1M | 0.41% |
1,453,523
+14,125
| +1% | +$350K |
2025 Q4
2 quarters
|
|
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SRS Investment Management's Q2 2026 Portfolio in Review
As of Q2 2026, SRS Investment Management held 35 positions worth $10.8B, up 14% from $9.47B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
SRS Investment Management's Q2 2026 filing shows 6 new, 16 increased, 9 reduced and 2 closed positions. Its largest new stake was Coherent: 929,963 shares worth $367M. The largest sale was Advanced Micro Devices, an estimated $236M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 19% a quarter earlier, followed by Industrials and Communication Services.
- SRS Investment Management's largest Q2 2026 buy was Coherent: 929,963 shares worth $367M.
- SRS Investment Management added most to Roblox in Q2 2026, an estimated $321M increase.
- SRS Investment Management's biggest Q2 2026 reduction was Advanced Micro Devices, cutting an estimated $236M.
- SRS Investment Management fully exited Delta Air Lines in Q2 2026, selling an estimated $51.9M.
- SRS Investment Management's ten largest holdings make up 73% of its $10.8B portfolio in Q2 2026.
- SRS Investment Management opened 6 new positions and closed 2 in Q2 2026.
- SRS Investment Management's portfolio value rose 14% quarter-over-quarter to $10.8B.
Based on SRS Investment Management's 13F filing for Q2 2026, filed 14 Aug 2026.