Hound Partners 13F, Q4 2025
Jonathan Auerbach · quarter ending 31 December 2025 · filed 17 February 2026 · SEC CIK 1353316
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 1 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q4 2025
The 25 largest of 36 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| CARNIVAL CORP | CCL1EUR | $107.78M | 14.9% | -4% shares |
| PALANTIR TECHNOLOGIES INC | PLTR | $96.52M | 13.4% | new |
| NVIDIA CORPORATION | NVDA | $88.51M | 12.3% | unchanged |
| NORWEGIAN CRUISE LINE HLDG L | $84.99M | 11.8% | +23% shares | |
| SEA LTD | SE | $63.78M | 8.8% | unchanged |
| META PLATFORMS INC | META | $50.83M | 7.0% | new |
| GOLAR LNG LTD | $26.25M | 3.6% | +7% shares | |
| FOX CORP | FOX | $19.81M | 2.8% | new |
| MICROSOFT CORP | MSFT | $16.61M | 2.3% | unchanged |
| ARROW ELECTRS INC | ARW | $14.95M | 2.1% | -17% shares |
| ICON PLC | $13.67M | 1.9% | unchanged | |
| ENTEGRIS INC | ENTG | $13.43M | 1.9% | -20% shares |
| BIO RAD LABS INC | BIO | $13.11M | 1.8% | -58% shares |
| ON HLDG AG | $11.62M | 1.6% | unchanged | |
| ENSIGN GROUP INC | ENSG | $11.37M | 1.6% | -7% shares |
| KIRBY CORP | KEX | $10.99M | 1.5% | -25% shares |
| AMAZON COM INC | AMZN | $10.49M | 1.4% | -17% shares |
| VAIL RESORTS INC | MTN | $7.89M | 1.1% | -21% shares |
| WORKDAY INC | WDAY | $7.00M | 1.0% | -48% shares |
| MOHAWK INDS INC | MHK | $6.46M | 0.9% | -17% shares |
| DOLLAR GEN CORP NEW | DG | $6.27M | 0.9% | -61% shares |
| CAL MAINE FOODS INC | CALM | $6.15M | 0.8% | new |
| BEL FUSE INC | BELFA | $5.71M | 0.8% | new |
| UBER TECHNOLOGIES INC | UBER | $4.51M | 0.6% | new |
| FISERV INC | FISV | $4.40M | 0.6% | -17% shares |
What changed since Q3 2025
Against the Q3 2025 filing, Hound Partners opened 11 new positions, added to 2, trimmed 13, 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.
New positions
and 3 more
Added to
- NORWEGIAN CRUISE LINE HLDG L+23%$84.99M
- GOLAR LNG LTD+7%$26.25M
Other quarters
Source: SEC Form 13F-HR, accession 0001353316-26-000002, 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.