In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Hound Partners, LLC reported 17 stock positions worth $504.3 million . Its top holding was Nvidia (NVDA) at 15.5% of the portfolio, followed by Norwegian Cruise Line Holdin (NCLH, 14.9% ) and Carnival (CCL, 14.7% ). Compared with Q4 2024, it opened 3 new positions, sold out of 4, added to 8 and reduced 6. The biggest buy was a new position in Norwegian Cruise Line Holdin (NCLH) and the biggest sale Microsoft (MSFT, shares −27% ).
Location NEW YORK, NY
CIK 0001353316
Portfolio Value $504.3M (Q1 2025) Holdings 17 stocks · $504.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 NVDA Nvidia Corp. 720,636 $78.1M Add +1808.7% NCLH Norwegian Cruise Line Holdin 3,968,930 $75.3M New CCL Carnival Corp. 3,787,937 $74.0M New EXPE Expedia Group Inc. 422,797 $71.1M New BIO Bio-Rad Laboratories-A 201,783 $49.1M Add +242.8% ENTG Entegris Inc. 230,917 $20.2M Add +19.9% GLNG Golar LNG Ltd. 507,723 $19.3M Add +237.4% ARW Arrow Electronics Inc. 180,231 $18.7M Add +28.3% MSFT Microsoft Corp. 44,532 $16.7M Reduce -26.6% WDAY Workday Inc. Class A 70,101 $16.4M Add +40.8% DG Dollar General Corp. 173,226 $15.2M Reduce -35.5% HCA HCA Healthcare Inc. 35,367 $12.2M Reduce -2.1% AMZN Amazon.com Inc. 57,379 $10.9M Reduce -17.5% LLYVK Liberty Media Corp.-Liberty-C 118,651 $8.1M Add +13.4% MTN Vail Resorts Inc. 50,093 $8.0M Reduce -2.1% MHK Mohawk Industries Inc. 56,633 $6.5M Reduce -2.1% RPD RAPID7 Inc. 169,325 $4.5M Add +4.8%
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ MSFT Microsoft Corp. Reduce -26.6% 3.32% −8.98 DG Dollar General Corp. Reduce -35.5% 3.02% −6.77 AMZN Amazon.com Inc. Reduce -17.5% 2.16% −5.17 V Visa Inc. Class A Sold out 0.00% −4.65 DHR Danaher Corp. Sold out 0.00% −3.41 MTN Vail Resorts Inc. Reduce -2.1% 1.59% −3.02 ARWR Arrowhead Pharmaceuticals Inc. Sold out 0.00% −2.94 HCA HCA Healthcare Inc. Reduce -2.1% 2.42% −2.79 UBER Uber Technologies Inc. Sold out 0.00% −2.14 MHK Mohawk Industries Inc. Reduce -2.1% 1.28% −2.03
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ NCLH Norwegian Cruise Line Holdin New 14.92% +14.92 CCL Carnival Corp. New 14.67% +14.67 EXPE Expedia Group Inc. New 14.09% +14.09 NVDA Nvidia Corp. Add +1808.7% 15.49% +13.05 GLNG Golar LNG Ltd. Add +237.4% 3.83% +0.76 BIO Bio-Rad Laboratories-A Add +242.8% 9.75% +0.45 LLYVK Liberty Media Corp.-Liberty-C Add +13.4% 1.60% −1.82 RPD RAPID7 Inc. Add +4.8% 0.89% −2.23 WDAY Workday Inc. Class A Add +40.8% 3.25% −2.93 ARW Arrow Electronics Inc. Add +28.3% 3.71% −3.93 ENTG Entegris Inc. Add +19.9% 4.01% −5.16
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ ACHR Archer Aviation Inc. Class A call Sold out 5,372,900 $52.4Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 32 $862.9M NCLH, CCL, META, NVDA, GS Q1 2026 34 $792.3M CCL, NCLH, NVDA, PLTR, HOOD Q4 2025 36 $721.3M CCL, PLTR, NVDA, NCLH, SE Q3 2025 30 $778.6M CCL, GS, SE, NVDA, NCLH Q2 2025 28 $739.9M CCL, SE, NVDA, NCLH, EXPE Q1 2025 17 $504.3M NVDA, NCLH, CCL, EXPE, BIO Q4 2024 18 $208.1M MSFT, DG, BIO, ENTG, ARW Q3 2024 17 $399.5M IBIT, BKNG, FTNT, MSFT, GLNG Q2 2024 16 $498.6M FTNT, IBIT, BKNG, BIO, GLNG Q1 2024 15 $335.5M BIO, GLNG, HCA, IBIT, MSFT