Srs Investment Management 13F annual report
Srs Investment Management is an investment fund managing more than $8.71 trillion ran by David Zales. There are currently 22 companies in Mr. Zales’s portfolio. The largest investments include Avis Budget Inc and Netflix, together worth $5.25 trillion.
$8.71 trillion Assets Under Management (AUM)
As of 7th August 2023, Srs Investment Management’s top holding is 18,430,882 shares of Avis Budget Inc currently worth over $4.21 trillion and making up 48.4% of the portfolio value.
Relative to the number of outstanding shares of Avis Budget Inc, Srs Investment Management owns less than 0.5% of the company.
In addition, the fund holds 2,339,868 shares of Netflix worth $1.03 trillion, whose value grew 17.1% in the past six months.
The third-largest holding is Snap Inc worth $624 billion and the next is Meta Platforms Inc worth $571 billion, with 1,988,619 shares owned.
Currently, Srs Investment Management's portfolio is worth at least $8.71 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Srs Investment Management
The Srs Investment Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, David Zales serves as the General Counsel and Chief Compliance Officer at Srs Investment Management.
Recent trades
In the most recent 13F filing, Srs Investment Management revealed that it had opened a new position in
Snap Inc and bought 52,662,317 shares worth $624 billion.
This means they effectively own approximately 0.1% of the company.
Snap Inc makes up
27.4%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Datadog Inc by buying
1,044,105 additional shares.
This makes their stake in Datadog Inc total 2,351,748 shares worth $231 billion.
Datadog Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Srs Investment Management is getting rid of from its portfolio.
Srs Investment Management closed its position in Pinterest Inc on 14th August 2023.
It sold the previously owned 5,731,713 shares for $156 billion.
David Zales also disclosed a decreased stake in Netflix by approximately 0.1%.
This leaves the value of the investment at $1.03 trillion and 2,339,868 shares.
One of the largest hedge funds
The two most similar investment funds to Srs Investment Management are Mairs & Power Inc and Japan Science & Technology Agency. They manage $8.67 trillion and $8.66 trillion respectively.
David Zales investment strategy
Srs Investment Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Industrials — making up 48.4% of
the total portfolio value.
The fund focuses on investments in the United States as
59.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
68% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $176 billion.
The complete list of Srs Investment Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Avis Budget Group Inc |
No change
18,430,882
|
$4,214,589,787,000 | 48.41% |
| Netflix Inc. |
7.80%
2,339,868
|
$1,030,688,455,000 | 11.84% |
| Snap Inc |
Opened
52,662,317
|
$623,521,833,000 | 7.16% |
| Meta Platforms Inc |
22.71%
1,988,619
|
$570,693,881,000 | 6.55% |
| Planet Fitness Inc |
No change
6,956,803
|
$469,166,794,000 | 5.39% |
| Spotify Technology S.A. |
No change
2,205,383
|
$354,074,241,000 | 4.07% |
| Datadog Inc |
79.85%
2,351,748
|
$231,364,968,000 | 2.66% |
| Twilio Inc |
10.06%
2,715,939
|
$172,788,039,000 | 1.98% |
| PDD Holdings Inc |
2,245.93%
2,446,402
|
$169,144,234,000 | 1.94% |
| Atlassian Corporation |
Opened
978,402
|
$164,185,640,000 | 1.89% |
| Pinterest Inc |
Closed
5,731,713
|
$156,303,814,000 | |
| Stellantis N.V |
No change
8,467,789
|
$148,525,019,000 | 1.71% |
| Chipotle Mexican Grill |
Closed
79,737
|
$136,213,920,000 | |
| 10x Genomics, Inc. |
27.66%
2,174,113
|
$121,402,470,000 | 1.39% |
| Lithia Mtrs Inc |
31.54%
362,367
|
$110,199,428,000 | 1.27% |
| NVIDIA Corp |
Opened
225,372
|
$95,336,863,000 | 1.09% |
| Taiwan Semiconductor Mfg Ltd |
Opened
768,027
|
$77,509,285,000 | 0.89% |
| Microsoft Corporation |
Opened
188,660
|
$64,246,276,000 | 0.74% |
| Comcast Corp New |
No change
969,699
|
$40,290,993,000 | 0.46% |
| Airbnb, Inc. |
Closed
268,570
|
$33,410,108,000 | |
| TripAdvisor Inc. |
Opened
1,293,952
|
$21,337,268,000 | 0.25% |
| Match Group Inc. |
Closed
390,690
|
$14,998,589,000 | |
| Nike, Inc. |
Closed
118,967
|
$14,590,113,000 | |
| MGM Resorts International |
No change
279,970
|
$12,296,282,000 | 0.14% |
| Roblox Corporation |
49.13%
250,318
|
$10,087,815,000 | 0.12% |
| Sea Ltd |
No change
88,264
|
$5,122,843,000 | 0.06% |
| Shopify Inc |
No change
4,066
|
$262,664,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 27 holdings | |||
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