Jonathan Auerbach
Jonathan Auerbach runs Hound Partners, a hedge fund overseeing $743.2M in disclosed equity holdings (SEC CIK 0001353316). The latest 13F filing (2025Q4) discloses 36 positions across 8 sectors, with the largest positions in CCL, PLTR and NVDA. On a mark-to-market basis the tracked portfolio has returned 28.3% over the past year. OpenStocks tracks 40 consecutive 13F filings for this manager — every position change, new entry, and exit is logged below.
What Jonathan is holding in options
Jonathan Auerbach (Hound Partners) disclosed 1 option position in the 2025Q4 13F filing — 1 long-call and 0 long-puts — totaling $21.9M of underlying-share notional value. The largest exposures are a call on PATH. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
1 position · $21.9M notional1 CALL · $21.9M| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| CALL | PATHUIPATH INC | 1.3M | $21.9M | 3.0% |
Notional = value of the underlying shares at the quarter-end snapshot, not the option premium paid. A long PUT is a bearish bet on the underlying; a long CALL is a bullish bet. The reported value is included in the portfolio total but does not reflect actual capital at risk.