SRS Investment Management: Platform Profile

Overview

SRS Investment Management is a New York private investment manager founded in 2006 by Karthik Sarma. Its current regulatory platform consists entirely of pooled investment vehicles, and its public filings show a concentrated equity book alongside separate private-investment and special-opportunity vehicles.

SRS has also used active-ownership tools in selected companies. That does not make every SRS position an activist campaign.

May fit better for

• qualified investors comfortable with concentrated public-equity exposure;
• investors seeking a fundamental private-fund manager;
• allocators able to tolerate high single-name concentration;
• investors comfortable with active ownership and company engagement.

May fit less well for

• retail users seeking public self-service access;
• investors seeking broad index-like diversification;
• users who interpret a 13F as the complete SRS portfolio;
• investors expecting one universal minimum or fee schedule.

SRS is SEC registered

• Legal adviser: SRS Investment Management, LLC
• CRD: 157630
• SEC number: 801-74148
• SEC registration effective: 2012-03-30
• SEC registered investment adviser: Yes
• Relying adviser: SRS Private Investment Management, LLC

Current regulatory AUM is $13.917B

Current June 30, 2026 Form-ADV-derived data:

• Regulatory AUM: $13.917B
• Regulatory AUM exact: $13,916,878,584
• Regulatory AUM as of: 2026-06-30
• Discretionary AUM: $13.917B
• Account count: 7
• Employees: 32
• Pooled vehicle share: 100%

Q2 2026 13F value is $10.814B

Current filing:

• Q2 2026 13F value: $10.814B
• Q2 2026 13F exact value: $10,814,129,000
• Q2 2026 13F as of: 2026-06-30
• Q2 2026 13F holding count: 33
• Q2 2026 13F filing ID: 000117266126003493

SRS private-investment vehicles and any non-13F exposures are outside a standard 13F snapshot.

Concentration is material

Current Q2 filing data show a highly concentrated disclosed public-equity book, with Avis Budget among the largest positions.

Active ownership is a capability, not the whole strategy

Public ownership filings and company-board history show that SRS can take significant ownership positions and engage with companies.

• Active ownership capability: Yes
• Every position is activist: No

Current private-fund lineup includes multiple strategy vehicles

Current ADV-derived sources identify vehicles including:

• SRS Partners Master Fund: Yes
• SRS Long Opportunities Master Fund: Yes
• SRS Special Opportunities Master II: Yes
• SRS Active Extension Master: Yes

These are funds, not separate canonical managers.

Assessment

SRS's $10.814B Q2 13F is large relative to $13.917B RAUM, but it remains a reportable-securities snapshot rather than the complete portfolio. The more important investor risk is concentration, not whether the 13F nearly matches RAUM.