Hound Partners, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Hound Partners, LLC reported 30 stock positions worth $778.6 million. Its top holding was Carnival (CCL) at 13.7% of the portfolio, followed by Goldman Sachs (GS, 11.9%) and Sea Ltd.-ADR (SE, 11.5%). Compared with Q2 2025, it opened 7 new positions, sold out of 5, added to 11 and reduced 9. The biggest buy was Goldman Sachs (GS, shares +45%) and the biggest sale an exit from Apple (AAPL).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001353316
- Portfolio Value
- $778.6M (Q3 2025)
- SEC Filing
- 0001353316-25-000010 ↗ filed Nov 14, 2025
Holdings Value
Holdings 30 stocks · $778.6M
| CCL Carnival Corp. | 13.69% | 3,686,833 | $106.6M | Add +5.7% |
| GS Goldman Sachs Group Inc. | 11.86% | 116,000 | $92.4M | Add +45.0% |
| SE Sea Ltd.-ADR | 11.48% | 500,000 | $89.4M | No change |
| NVDA Nvidia Corp. | 11.32% | 472,259 | $88.1M | Reduce -6.7% |
| NCLH Norwegian Cruise Line Holdin | 9.78% | 3,093,070 | $76.2M | Reduce -7.8% |
| EXPE Expedia Group Inc. | 6.21% | 226,375 | $48.4M | Reduce -35.5% |
| BIO Bio-Rad Laboratories-A | 3.74% | 103,963 | $29.2M | Reduce -42.9% |
| GLNG Golar LNG Ltd. | 3.42% | 658,751 | $26.6M | Add +0.8% |
| ARW Arrow Electronics Inc. | 2.55% | 163,861 | $19.8M | Add +0.9% |
| ENTG Entegris Inc. | 2.38% | 200,263 | $18.5M | Reduce -34.9% |
| MSFT Microsoft Corp. | 2.32% | 34,888 | $18.1M | Reduce -13.0% |
| WDAY Workday Inc. Class A | 1.93% | 62,402 | $15.0M | Add +0.8% |
| LLYVK Liberty Media Corp.-Liberty-C | 1.79% | 144,022 | $14.0M | Reduce -34.3% |
| ICLR Icon PLC | 1.69% | 75,000 | $13.1M | No change |
| GIII G-III Apparel Group Ltd. | 1.64% | 478,909 | $12.7M | Add +280.0% |
| DG Dollar General Corp. | 1.61% | 121,564 | $12.6M | Add +0.8% |
| ENSG The Ensign Group Inc. | 1.55% | 69,801 | $12.1M | New |
| AMZN Amazon.com Inc. | 1.55% | 54,871 | $12.0M | Add +0.8% |
| MTN Vail Resorts Inc. | 1.45% | 75,320 | $11.3M | Add +1.0% |
| KEX Kirby Corp. | 1.42% | 132,831 | $11.1M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 1.36% | 250,000 | $10.6M | No change |
| FISV Fiserv Inc. | 1.31% | 79,112 | $10.2M | Add +137.2% |
| MHK Mohawk Industries Inc. | 1.18% | 71,405 | $9.2M | Reduce -30.7% |
| HCA HCA Healthcare Inc. | 1.00% | 18,265 | $7.8M | Reduce -42.6% |
| NTSK Netskope Inc. Class A | 0.60% | 206,500 | $4.7M | New |
| RPD RAPID7 Inc. | 0.37% | 154,920 | $2.9M | Add +1.1% |
| WBI Waterbridge Infrastruc Class A | 0.32% | 100,000 | $2.5M | New |
| SBET Sharplink Inc. | 0.26% | 118,790 | $2.0M | New |
| MIAX Miami International Holdings | 0.13% | 25,000 | $1.0M | New |
| AMBQ Ambiq Micro Inc. | 0.08% | 20,000 | $598K | New |
Portfolio Sells Q2 2025 → Q3 2025
| AAPL Apple Inc. | Sold out | 0.00% | −3.41 |
| BIO Bio-Rad Laboratories-A | Reduce -42.9% | 3.74% | −2.19 |
| EXPE Expedia Group Inc. | Reduce -35.5% | 6.21% | −1.79 |
| ENTG Entegris Inc. | Reduce -34.9% | 2.38% | −0.98 |
| HCA HCA Healthcare Inc. | Reduce -42.6% | 1.00% | −0.65 |
| LLYVK Liberty Media Corp.-Liberty-C | Reduce -34.3% | 1.79% | −0.61 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.57 |
| MSFT Microsoft Corp. | Reduce -13.0% | 2.32% | −0.37 |
| TTAN Servicetitan Inc. Class A | Sold out | 0.00% | −0.29 |
| MHK Mohawk Industries Inc. | Reduce -30.7% | 1.18% | −0.28 |
| OS Onestream Inc. | Sold out | 0.00% | −0.11 |
| ASIC Ategrity Specialty Holdings | Sold out | 0.00% | −0.03 |
| NVDA Nvidia Corp. | Reduce -6.7% | 11.32% | +0.51 |
| NCLH Norwegian Cruise Line Holdin | Reduce -7.8% | 9.78% | +0.59 |
Portfolio Buys Q2 2025 → Q3 2025
| GS Goldman Sachs Group Inc. | Add +45.0% | 11.86% | +4.21 |
| ENSG The Ensign Group Inc. | New | 1.55% | +1.55 |
| KEX Kirby Corp. | New | 1.42% | +1.42 |
| GIII G-III Apparel Group Ltd. | Add +280.0% | 1.64% | +1.26 |
| NTSK Netskope Inc. Class A | New | 0.60% | +0.60 |
| FISV Fiserv Inc. | Add +137.2% | 1.31% | +0.53 |
| CCL Carnival Corp. | Add +5.7% | 13.69% | +0.43 |
| WBI Waterbridge Infrastruc Class A | New | 0.32% | +0.32 |
| SBET Sharplink Inc. | New | 0.26% | +0.26 |
| MIAX Miami International Holdings | New | 0.13% | +0.13 |
| AMBQ Ambiq Micro Inc. | New | 0.08% | +0.08 |
| AMZN Amazon.com Inc. | Add +0.8% | 1.55% | −0.07 |
| WDAY Workday Inc. Class A | Add +0.8% | 1.93% | −0.08 |
| RPD RAPID7 Inc. | Add +1.1% | 0.37% | −0.11 |
| MTN Vail Resorts Inc. | Add +1.0% | 1.45% | −0.14 |
| GLNG Golar LNG Ltd. | Add +0.8% | 3.42% | −0.22 |
| ARW Arrow Electronics Inc. | Add +0.9% | 2.55% | −0.25 |
| DG Dollar General Corp. | Add +0.8% | 1.61% | −0.25 |
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 |