Hound Partners 13F, Q3 2025
Jonathan Auerbach · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1353316
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 30 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| CARNIVAL CORP | CCL1EUR | $106.59M | 13.7% | +6% shares |
| GOLDMAN SACHS GROUP INC | GS | $92.38M | 11.9% | +45% shares |
| SEA LTD | SE | $89.36M | 11.5% | unchanged |
| NVIDIA CORPORATION | NVDA | $88.11M | 11.3% | -7% shares |
| NORWEGIAN CRUISE LINE HLDG L | $76.18M | 9.8% | -8% shares | |
| EXPEDIA GROUP INC | EXPE | $48.39M | 6.2% | -36% shares |
| BIO RAD LABS INC | BIO | $29.15M | 3.7% | -43% shares |
| GOLAR LNG LTD | $26.62M | 3.4% | unchanged | |
| ARROW ELECTRS INC | ARW | $19.83M | 2.5% | unchanged |
| ENTEGRIS INC | ENTG | $18.52M | 2.4% | -35% shares |
| MICROSOFT CORP | MSFT | $18.07M | 2.3% | -13% shares |
| WORKDAY INC | WDAY | $15.02M | 1.9% | unchanged |
| LIBERTY MEDIA CORP DEL | $13.97M | 1.8% | -34% shares | |
| ICON PLC | $13.13M | 1.7% | unchanged | |
| G III APPAREL GROUP LTD | GIII | $12.74M | 1.6% | +280% shares |
| DOLLAR GEN CORP NEW | DG | $12.56M | 1.6% | unchanged |
| ENSIGN GROUP INC | ENSG | $12.06M | 1.6% | new |
| AMAZON COM INC | AMZN | $12.05M | 1.6% | unchanged |
| VAIL RESORTS INC | MTN | $11.27M | 1.4% | unchanged |
| KIRBY CORP | KEX | $11.08M | 1.4% | new |
| ON HLDG AG | $10.59M | 1.4% | unchanged | |
| FISERV INC | FISV | $10.20M | 1.3% | +137% shares |
| MOHAWK INDS INC | MHK | $9.21M | 1.2% | -31% shares |
| HCA HEALTHCARE INC | HCA | $7.78M | 1.0% | -43% shares |
| NETSKOPE INC | NTSK | $4.69M | 0.6% | new |
What changed since Q2 2025
Against the Q2 2025 filing, Hound Partners opened 7 new positions, added to 4, trimmed 9, left 10 unchanged and exited 5. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001353316-25-000010, filed by Hound Partners, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.