Key Facts
Karthik Sarma, an investor with a background at Chase Coleman’s Tiger Global, founded SRS Investment Management in 2006 and currently manages over $10 billion in investments. His net worth stands at $2.9 billion.
Sarma recently sold off his position in Nvidia (NASDAQ: NVDA) between Q1 and Q2 of 2024 after acquiring shares when they traded between $26 and $44. The sale was driven by Nvidia’s valuation, overcoming a forward price-to-earnings (P/E) ratio above 40.
Instead of Nvidia, Sarma has invested in Tapestry (NYSE: TPR), the luxury handbag company behind Coach and Kate Spade, which has seen a 135% gain over the past year.
