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Rank #58 of 69 by 3-year alpha vs SPY · mechanically replicating this book, rebalanced at filing dates
A strong clone record is a track record, not a forecast — tested across a decade it doesn't reliably repeat. See what actually holds up →
SRS remains the CAR fund — Avis is 26.9% of its $9.5B book, with NFLX (15.4%) behind it. The quarter cut AI-adjacent winners (NVDA −24%, AMD −12%, ABNB −30%) while adding CRDO aggressively from a small base. Concentration this high makes the book a bet on two stories, not a portfolio.
Generated quarterly from the filing data itself — holdings, changes, sector mix and clone-performance rank. Not investment advice.
Karthik Sarma, a former Tiger Global MD, founded SRS Investment Management in 2007. Known for one of the great concentrated bets of the 2010s-20s: a massive, decade-long position in Avis Budget (CAR) that returned multiples on the fund. Runs a tight tech-and-travel heavy book.
$436.09M
4.6% of portfolio
David Tepper
Terry Smith