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Hedge fund

SRS Investment Management, LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1503174

Reported value
$10.7bn
100% in companies we cover
Positions we cover
32
Largest CAR 24.1%
Copy, a year
+19.9%
S&P 500 +14.1%
Copy Sharpe ratio
0.64
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k$80.0k$160k 2013201520172019202120232025 $110k$57.0k
CopyS&P 500 $10,000 copying SRS Investment Management, LLC's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −49.5% (S&P 500 −31.8%); beta 1.43; alpha +4.6% a year (t = 0.62); last 12 months −10.1% against +12.1%.

Reported value by quarter

SRS Investment Management, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $2T $4T $6T Reported value, 2013-06-30: $1.3B Reported value, 2013-09-30: $1.7B Reported value, 2013-12-31: $1.7B Reported value, 2014-03-31: $2B Reported value, 2014-06-30: $2.4B Reported value, 2014-09-30: $2.5B Reported value, 2014-12-31: $2.7B Reported value, 2015-03-31: $2.4B Reported value, 2015-06-30: $3.1B Reported value, 2015-09-30: $2.8B Reported value, 2015-12-31: $2.8B Reported value, 2016-03-31: $2.7B Reported value, 2016-06-30: $3.3B Reported value, 2016-09-30: $3.8B Reported value, 2016-12-31: $3.5B Reported value, 2017-03-31: $4.2B Reported value, 2017-06-30: $4.1B Reported value, 2017-09-30: $4.8B Reported value, 2017-12-31: $3.8B Reported value, 2018-03-31: $5.1B Reported value, 2018-06-30: $5.4B Reported value, 2018-09-30: $4.6B Reported value, 2018-12-31: $3.2B Reported value, 2019-03-31: $4.4B Reported value, 2019-06-30: $4.2B Reported value, 2019-09-30: $3.7B Reported value, 2019-12-31: $4.2B Reported value, 2020-03-31: $4.3B Reported value, 2020-06-30: $5.2B Reported value, 2020-09-30: $5.4B Reported value, 2020-12-31: $6.1B Reported value, 2021-03-31: $6.4B Reported value, 2021-06-30: $6.4B Reported value, 2021-09-30: $7.1B Reported value, 2021-12-31: $8.5B Reported value, 2022-03-31: $9.1B Reported value, 2022-06-30: $5.1B Reported value, 2022-09-30: $5.1B Reported value, 2022-12-31: $5.5T Reported value, 2023-03-31: $7B Reported value, 2023-06-30: $8.7B Reported value, 2023-09-30: $6.9B Reported value, 2023-12-31: $8.3B Reported value, 2024-03-31: $7.2B Reported value, 2024-06-30: $7.3B Reported value, 2024-09-30: $6.7B Reported value, 2024-12-31: $7B Reported value, 2025-03-31: $7.5B Reported value, 2025-06-30: $9.7B Reported value, 2025-09-30: $9.2B Reported value, 2025-12-31: $9.5B Reported value, 2026-03-31: $9.5B Reported value, 2026-06-30: $10.7B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $10.7B
View chart data
Period Reported value
2013-06-30 $1.3B
2013-09-30 $1.7B
2013-12-31 $1.7B
2014-03-31 $2B
2014-06-30 $2.4B
2014-09-30 $2.5B
2014-12-31 $2.7B
2015-03-31 $2.4B
2015-06-30 $3.1B
2015-09-30 $2.8B
2015-12-31 $2.8B
2016-03-31 $2.7B
2016-06-30 $3.3B
2016-09-30 $3.8B
2016-12-31 $3.5B
2017-03-31 $4.2B
2017-06-30 $4.1B
2017-09-30 $4.8B
2017-12-31 $3.8B
2018-03-31 $5.1B
2018-06-30 $5.4B
2018-09-30 $4.6B
2018-12-31 $3.2B
2019-03-31 $4.4B
2019-06-30 $4.2B
2019-09-30 $3.7B
2019-12-31 $4.2B
2020-03-31 $4.3B
2020-06-30 $5.2B
2020-09-30 $5.4B
2020-12-31 $6.1B
2021-03-31 $6.4B
2021-06-30 $6.4B
2021-09-30 $7.1B
2021-12-31 $8.5B
2022-03-31 $9.1B
2022-06-30 $5.1B
2022-09-30 $5.1B
2022-12-31 $5.5T
2023-03-31 $7B
2023-06-30 $8.7B
2023-09-30 $6.9B
2023-12-31 $8.3B
2024-03-31 $7.2B
2024-06-30 $7.3B
2024-09-30 $6.7B
2024-12-31 $7B
2025-03-31 $7.5B
2025-06-30 $9.7B
2025-09-30 $9.2B
2025-12-31 $9.5B
2026-03-31 $9.5B
2026-06-30 $10.7B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
CARAvis Budget Group, Inc.24.12%$2.6bn17.43M0.0%
NFLXNetflix10.15%$1.1bn15.18M0.0%
RBLXRoblox Corp6.65%$710.4m13.06M+97.9% Added
CRDOCredo Technology Group Holding Ltd6.55%$699.9m2.57M+2.7% Added
TPRTapestry, Inc.5.57%$594.7m4.06M−19.6% Reduced
AMDAdvanced Micro Devices4.72%$503.9m867.4K−39.9% Reduced
NVDANVIDIA Corporation4.68%$500.2m2.50M0.0%
METAMeta Platforms3.83%$409.5m727.0K+1.0% Added
UALUnited Airlines Holdings3.75%$400.2m2.94M+1.0% Added
COHRCoherent Corp.3.43%$366.8m930.0KNew
BURLBurlington Stores, Inc.3.19%$340.7m1.08M−7.1% Reduced
CLSCelestica Inc3.11%$332.7m911.9K−10.3% Reduced
KMXCarmax Inc2.93%$313.3m5.92M+4.8% Added
PLNTPlanet Fitness, Inc.2.40%$256.5m4.92M+0.6% Added
MDBMongodb, Inc.2.32%$248.1m738.6K+40.2% Added
TWLOTwilio Inc2.08%$221.9m1.08M−47.9% Reduced
FIVEFive Below, Inc1.86%$198.7m1.11M+52.9% Added
FRMIFermi Inc.1.73%$185.1m20.21MNew
TSMTaiwan Semiconductor Manufacturing Co LTD1.17%$124.8m261.3K−48.8% Reduced
HUTHut 8 Corp.1.08%$115.4m1.00M−67.6% Reduced
SPOTSpotify Technology S.a.1.05%$112.7m245.5K+0.4%
ABNBAirbnb0.84%$89.8m627.4K−64.7% Reduced
SNDKSandisk0.75%$80.4m35.4K+0.8% Added
WRBYWarby Parker Inc.0.41%$44.1m1.45M+1.0% Added
CRLCharles River Laboratories0.40%$42.5m187.4KNew
TCOMTrip.com Group Ltd0.28%$30.4m763.5K+0.7% Added
CMCSAComcast0.23%$24.2m984.3K+1.2% Added
ELVElevance Health0.22%$24.0m61.9K+4.0% Added
CPNGCoupang, Inc.0.18%$19.6m1.13M+1.0% Added
HUMHumana0.12%$13.2m33.3KNew
HSAIHesai Group0.10%$10.3m563.1K+0.6% Added
SOUNSoundhound AI, Inc.0.06%$6.6m1.02MNew
CompanyBought (value)Shares
COHRCoherent Corp.$366.8m930.0K
RBLXRoblox Corp$351.4m6.46M
FRMIFermi Inc.$185.1m20.21M
MDBMongodb, Inc.$71.1m211.7K
FIVEFive Below, Inc$68.7m382.3K
CRLCharles River Laboratories$42.5m187.4K
CRDOCredo Technology Group Holding Ltd$18.5m68.0K
KMXCarmax Inc$14.3m271.2K
HUMHumana$13.2m33.3K
SOUNSoundhound AI, Inc.$6.6m1.02M
UALUnited Airlines Holdings$4.1m30.2K
METAMeta Platforms$4.1m7.3K
PLNTPlanet Fitness, Inc.$1.6m30.8K
ELVElevance Health$919,2572.4K
SNDKSandisk$634,371279

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
AMDAdvanced Micro Devices−$334.1m−575.2K
HUTHut 8 Corp.−$240.7m−2.08M
TWLOTwilio Inc−$204.0m−988.7K
ABNBAirbnb−$164.4m−1.15M
TPRTapestry, Inc.−$144.8m−988.9K
TSMTaiwan Semiconductor Manufacturing Co LTD−$118.8m−248.8K
DALDelta Air Lines−$51.9m−780.4K
CLSCelestica Inc−$38.2m−104.8K
GLBEGlobal-e Online Ltd.−$38.2m−1.24M
BURLBurlington Stores, Inc.−$25.8m−81.6K
NVDANVIDIA Corporation−$105,047−525

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
DALDelta Air Lines$51.9m780.4K
GLBEGlobal-e Online Ltd.$38.2m1.24M
  • Technology30.0%
  • Industrials27.9%
  • Communication Services21.9%
  • Consumer Discretionary17.8%
  • Real Estate1.7%
  • Health Care0.7%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+19.9%+14.1%0.640.78−49.5%1.43
2018 onwardsJanuary 5, 2018 to November 2, 2026+18.6%+13.9%0.560.66−49.5%1.40
Last three yearsNovember 3, 2023 to November 2, 2026+5.9%+21.8%0.241.16−49.5%1.47
Last yearNovember 7, 2025 to November 2, 2026−11.0%+14.2%0.050.84−49.5%2.27

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.