Funds › SRS Investment Management, LLC › Q4 2025SRS Investment Management, LLC 13F holdings, Q4 2025 SRS Investment Management, LLC disclosed 31 US equity positions worth $9.5bn in its Q4 2025 13F filing. Its largest position is CAR at 23.5% of the reported book, followed by NFLX and TPR. Versus Q3 2025 it opened 8 new positions, added to 7, reduced 5 and exited 5.
$9.5bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
31 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
23.5% Largest position The largest single position as a share of the reported equity book.
76.8% Top 10 weight The ten largest positions together, as a share of the reported equity book.
10 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
63 Quarters on file since Q4 2010 Quarters for which this manager's 13F holdings are on record. Holdings Against Q3 2025: 8 new , 7 added , 5 reduced , 5 exited
31 rows
Stock Sector Weight Value Shares Δ shares Action CAR AVIS BUDGET GROUP INC Industrials 23.5% $2.2bn 17.43m 0.0% held NFLX NETFLIX INC. Communication Services 15.0% $1.4bn 15.18m +900% added TPR TAPESTRY INC Consumer Cyclical 6.8% $645m 5.05m 0.0% held NVDA NVIDIA CORPORATION Technology 6.5% $616m 3.30m +3.0% added PLNT PLANET FITNESS INC Consumer Cyclical 5.6% $529m 4.88m +4.5% added META META PLATFORMS INC Communication Services 5.2% $491m 743,500 0.0% held AMD ADVANCED MICRO DEVICES INC Technology 3.7% $350m 1.64m +42% added ABNB AIRBNB INC Consumer Cyclical 3.6% $342m 2.52m – new BURL BURLINGTON STORES INC Consumer Cyclical 3.5% $333m 1.15m 0.0% held UAL UNITED AIRLINES HLDGS INC Industrials 3.4% $325m 2.90m +0.1% held CLS CELESTICA INC Technology 3.2% $300m 1.01m −26% reduced TWLO TWILIO INC Technology 2.7% $257m 1.81m – new RBLX ROBLOX CORP Communication Services 2.5% $238m 2.94m – new MDB MONGODB INC Technology 2.3% $221m 525,609 −2.6% reduced KMX CARMAX INC Consumer Cyclical 2.3% $218m 5.64m +1717% added TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 1.6% $155m 508,726 −36% reduced HUT HUT 8 CORP Financial Services 1.4% $132m 2.87m – new PDD PDD HOLDINGS INC Consumer Cyclical 1.2% $115m 1.02m −62% reduced SPOT SPOTIFY TECHNOLOGY S A Communication Services 0.9% $85.4m 147,109 0.0% held FN FABRINET Technology 0.7% $64.3m 141,220 – new HD HOME DEPOT INC Consumer Cyclical 0.7% $62.0m 180,302 0.0% held TCOM TRIP COM GROUP LTD Consumer Cyclical 0.6% $54.4m 756,185 0.0% held ELV ELEVANCE HEALTH INC Healthcare 0.5% $51.5m 146,976 0.0% held DAL DELTA AIR LINES INC Industrials 0.5% $51.1m 736,282 +50% added CVS CVS HEALTH CORP Healthcare 0.5% $48.6m 612,778 −50% reduced GLBE GLOBAL E ONLINE LTD Consumer Cyclical 0.4% $35.2m 896,717 +203% added WRBY WARBY PARKER INC Healthcare 0.3% $31.3m 1.44m – new LOW LOWES COS INC Consumer Cyclical 0.3% $30.5m 126,488 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.3% $29.0m 969,699 0.0% held CRDO CREDO TECHNOLOGY GROUP HOLDI Technology 0.2% $16.1m 111,678 – new HSAI HESAI GROUP – 0.1% $12.5m 558,767 – new
Exited since Q3 2025 5 rows
Stock Prior weight Prior value ALGN ALIGN TECHNOLOGY INC 0.2% $18.3m WWW WOLVERINE WORLD WIDE INC 0.2% $13.8m CNC CENTENE CORP DEL 0.05% $4.5m LAD LITHIA MTRS INC 0.03% $2.8m CAI CARIS LIFE SCIENCES INC 0.02% $1.5m
Sector mix Industrials 27.5% Consumer Cyclical 24.9% Communication Services 23.9% Technology 20.8% Financial Services 1.4% Healthcare 1.4% Unclassified 0.1% Book over time Every quarter on file (63) Where SRS Investment Management, LLC was early Concentration and tenure
29.5% Median largest position, all quarters The largest single position as a share of the reported equity book.
91.8% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
2 Median completed holding, quarters