Hound Partners, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Hound Partners, LLC reported 28 stock positions worth $739.9 million. Its top holding was Carnival (CCL) at 13.3% of the portfolio, followed by Sea Ltd.-ADR (SE, 10.8%) and Nvidia (NVDA, 10.8%). Compared with Q1 2025, it opened 11 new positions, added to 5 and reduced 12. The biggest buy was a new position in Sea Ltd.-ADR (SE) and the biggest sale Expedia (EXPE, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001353316
- Portfolio Value
- $739.9M (Q2 2025)
- SEC Filing
- 0001375836-25-000008 ↗ filed Aug 14, 2025
Holdings Value
Holdings 28 stocks · $739.9M
| CCL Carnival Corp. | 13.26% | 3,487,983 | $98.1M | Reduce -7.9% |
| SE Sea Ltd.-ADR | 10.81% | 500,000 | $80.0M | New |
| NVDA Nvidia Corp. | 10.81% | 506,100 | $80.0M | Reduce -29.8% |
| NCLH Norwegian Cruise Line Holdin | 9.19% | 3,352,836 | $68.0M | Reduce -15.5% |
| EXPE Expedia Group Inc. | 8.00% | 351,025 | $59.2M | Reduce -17.0% |
| GS Goldman Sachs Group Inc. | 7.65% | 80,000 | $56.6M | New |
| BIO Bio-Rad Laboratories-A | 5.93% | 181,936 | $43.9M | Reduce -9.8% |
| GLNG Golar LNG Ltd. | 3.64% | 653,595 | $26.9M | Add +28.7% |
| AAPL Apple Inc. | 3.41% | 123,000 | $25.2M | New |
| ENTG Entegris Inc. | 3.35% | 307,737 | $24.8M | Add +33.3% |
| ARW Arrow Electronics Inc. | 2.80% | 162,381 | $20.7M | Reduce -9.9% |
| MSFT Microsoft Corp. | 2.69% | 40,081 | $19.9M | Reduce -10.0% |
| LLYVK Liberty Media Corp.-Liberty-C | 2.40% | 219,194 | $17.8M | Add +84.7% |
| WDAY Workday Inc. Class A | 2.01% | 61,915 | $14.9M | Reduce -11.7% |
| DG Dollar General Corp. | 1.86% | 120,594 | $13.8M | Reduce -30.4% |
| ONON On Holding AG Class A filed as ON HLDG AG | 1.76% | 250,000 | $13.0M | New |
| HCA HCA Healthcare Inc. | 1.65% | 31,832 | $12.2M | Reduce -10.0% |
| AMZN Amazon.com Inc. | 1.61% | 54,445 | $11.9M | Reduce -5.1% |
| MTN Vail Resorts Inc. | 1.58% | 74,570 | $11.7M | Add +48.9% |
| ICLR Icon PLC | 1.47% | 75,000 | $10.9M | New |
| MHK Mohawk Industries Inc. | 1.46% | 103,094 | $10.8M | Add +82.0% |
| FISV Fiserv Inc. | 0.78% | 33,359 | $5.8M | New |
| UNH Unitedhealth Group Inc. | 0.57% | 13,437 | $4.2M | New |
| RPD RAPID7 Inc. | 0.48% | 153,175 | $3.5M | Reduce -9.5% |
| GIII G-III Apparel Group Ltd. | 0.38% | 126,040 | $2.8M | New |
| TTAN Servicetitan Inc. Class A | 0.29% | 20,000 | $2.1M | New |
| OS Onestream Inc. | 0.11% | 30,000 | $849K | New |
| ASIC Ategrity Specialty Holdings | 0.03% | 10,000 | $215K | New |
Portfolio Sells Q1 2025 → Q2 2025
| EXPE Expedia Group Inc. | Reduce -17.0% | 8.00% | −6.09 |
| NCLH Norwegian Cruise Line Holdin | Reduce -15.5% | 9.19% | −5.73 |
| NVDA Nvidia Corp. | Reduce -29.8% | 10.81% | −4.68 |
| BIO Bio-Rad Laboratories-A | Reduce -9.8% | 5.93% | −3.81 |
| CCL Carnival Corp. | Reduce -7.9% | 13.26% | −1.41 |
| WDAY Workday Inc. Class A | Reduce -11.7% | 2.01% | −1.24 |
| DG Dollar General Corp. | Reduce -30.4% | 1.86% | −1.16 |
| ARW Arrow Electronics Inc. | Reduce -9.9% | 2.80% | −0.91 |
| HCA HCA Healthcare Inc. | Reduce -10.0% | 1.65% | −0.78 |
| MSFT Microsoft Corp. | Reduce -10.0% | 2.69% | −0.62 |
| AMZN Amazon.com Inc. | Reduce -5.1% | 1.61% | −0.55 |
| RPD RAPID7 Inc. | Reduce -9.5% | 0.48% | −0.41 |
Portfolio Buys Q1 2025 → Q2 2025
| SE Sea Ltd.-ADR | New | 10.81% | +10.81 |
| GS Goldman Sachs Group Inc. | New | 7.65% | +7.65 |
| AAPL Apple Inc. | New | 3.41% | +3.41 |
| ONON On Holding AG Class A | New | 1.76% | +1.76 |
| ICLR Icon PLC | New | 1.47% | +1.47 |
| LLYVK Liberty Media Corp.-Liberty-C | Add +84.7% | 2.40% | +0.80 |
| FISV Fiserv Inc. | New | 0.78% | +0.78 |
| UNH Unitedhealth Group Inc. | New | 0.57% | +0.57 |
| GIII G-III Apparel Group Ltd. | New | 0.38% | +0.38 |
| TTAN Servicetitan Inc. Class A | New | 0.29% | +0.29 |
| MHK Mohawk Industries Inc. | Add +82.0% | 1.46% | +0.18 |
| OS Onestream Inc. | New | 0.11% | +0.11 |
| ASIC Ategrity Specialty Holdings | New | 0.03% | +0.03 |
| MTN Vail Resorts Inc. | Add +48.9% | 1.58% | −0.01 |
| GLNG Golar LNG Ltd. | Add +28.7% | 3.64% | −0.19 |
| ENTG Entegris Inc. | Add +33.3% | 3.35% | −0.65 |
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 |