Jonathan Auerbach (Hound Partners) portfolio holdings

Holdings

Sorted by value · 2025Q1

Sector17 positions

NVDANVIDIA CORPORATION

Technology·Semiconductors

15.49%

of portfolio

Number of shares

720,636 sh

Holdings current value

$78.10M

Avg closing price

$109.44

+84.3%

Last action

Added 0.3%

2025Q4

Current $201.68

G66721104NORWEGIAN CRUISE LINE HLDG L

14.92%

of portfolio

Number of shares

3,968,930 sh

Holdings current value

$75.25M

Avg closing price

$19.56

Last action

Added 22.0%

2025Q4

Current —

CCLCARNIVAL CORP

Consumer Cyclical·Travel Services

14.67%

of portfolio

Number of shares

3,787,937 sh

Holdings current value

$73.98M

Avg closing price

$20.04

+45.8%

Last action

Trimmed 4.0%

2025Q4

Current $29.22

EXPEEXPEDIA GROUP INC

Consumer Cyclical·Travel Services

14.09%

of portfolio

Number of shares

422,797 sh

Holdings current value

$71.07M

Avg closing price

$148.33

+79.2%

Last action

Exited

2025Q4

Current $265.84

BIOBIO RAD LABS INC

Healthcare·Medical Devices

9.75%

of portfolio

Number of shares

201,783 sh

Holdings current value

$49.15M

Avg closing price

$284.06

+5.3%

Last action

Trimmed 23.1%

2025Q4

Current $299.02

ENTGENTEGRIS INC

Technology·Semiconductor Equipment & Materials

4.01%

of portfolio

Number of shares

230,917 sh

Holdings current value

$20.20M

Avg closing price

$91.67

+59.3%

Last action

Trimmed 15.0%

2025Q4

Current $146.06

G9456A100GOLAR LNG LTD

3.83%

of portfolio

Number of shares

507,723 sh

Holdings current value

$19.29M

Avg closing price

$35.25

Last action

Added 10.1%

2025Q4

Current —

ARWARROW ELECTRS INC

Technology·Electronics & Computer Distribution

3.71%

of portfolio

Number of shares

180,231 sh

Holdings current value

$18.71M

Avg closing price

$111.16

+57.4%

Last action

Trimmed 13.5%

2025Q4

Current $174.97

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

3.32%

of portfolio

Number of shares

44,532 sh

Holdings current value

$16.72M

Avg closing price

$326.57

+29.5%

Last action

Trimmed 1.2%

2025Q4

Current $422.79

WDAYWORKDAY INC

Technology·Software - Application

3.25%

of portfolio

Number of shares

70,101 sh

Holdings current value

$16.37M

Avg closing price

$237.05

-47.8%

Last action

Trimmed 29.8%

2025Q4

Current $123.83

DGDOLLAR GEN CORP NEW

Consumer Defensive·Discount Stores

3.02%

of portfolio

Number of shares

173,226 sh

Holdings current value

$15.23M

Avg closing price

$84.51

+49.9%

Last action

Trimmed 30.0%

2025Q4

Current $126.68

HCAHCA HEALTHCARE INC

Healthcare·Medical Care Facilities

2.42%

of portfolio

Number of shares

35,367 sh

Holdings current value

$12.22M

Avg closing price

$270.55

+80.4%

Last action

Exited

2025Q4

Current $488.00

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

2.16%

of portfolio

Number of shares

57,379 sh

Holdings current value

$10.92M

Avg closing price

$189.55

+32.2%

Last action

Trimmed 14.1%

2025Q4

Current $250.56

LLYVK*LIBERTY MEDIA CORP DELTRK

1.60%

of portfolio

Number of shares

118,651 sh

Holdings current value

$8.08M

Avg closing price

$74.07

Last action

Exited

2025Q4

Current —

MTNVAIL RESORTS INC

Consumer Cyclical·Resorts & Casinos

1.59%

of portfolio

Number of shares

50,093 sh

Holdings current value

$8.02M

Avg closing price

$172.35

-22.7%

Last action

Trimmed 24.1%

2025Q4

Current $133.22

MHKMOHAWK INDS INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

1.28%

of portfolio

Number of shares

56,633 sh

Holdings current value

$6.47M

Avg closing price

$171.21

-36.4%

Last action

Trimmed 17.8%

2025Q4

Current $108.83

RPDRAPID7 INC

Technology·Software - Infrastructure

0.89%

of portfolio

Number of shares

169,325 sh

Holdings current value

$4.49M

Avg closing price

$39.37

-85.6%

Last action

Exited

2025Q4

Current $5.68

Portfolio heatmap

Box size = % of portfolio · color = return since filing

NVDA

15.49% · +86.1%

NORWEGIAN CRUISE LINE HLDG L

14.92%

GOLAR LNG LTD

3.83%

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.

Consumer Cyclical5 pos$170.4M42.4%
Technology6 pos$154.6M38.5%
Healthcare2 pos$61.4M15.3%
Consumer Defensive1 pos$15.2M3.8%

(20.4% unclassified, excluded from %)

Holdings

Sorted by value · 2025Q1

Sector17 positions

NVDANVIDIA CORPORATION

Technology·Semiconductors

15.49%

of portfolio

Number of shares

720,636 sh

Holdings current value

$78.10M

Avg closing price

$109.44

+84.3%

Last action

Added 0.3%

2025Q4

Current $201.68

G66721104NORWEGIAN CRUISE LINE HLDG L

14.92%

of portfolio

Number of shares

3,968,930 sh

Holdings current value

$75.25M

Avg closing price

$19.56

Last action

Added 22.0%

2025Q4

Current —

CCLCARNIVAL CORP

Consumer Cyclical·Travel Services

14.67%

of portfolio

Number of shares

3,787,937 sh

Holdings current value

$73.98M

Avg closing price

$20.04

+45.8%

Last action

Trimmed 4.0%

2025Q4

Current $29.22

EXPEEXPEDIA GROUP INC

Consumer Cyclical·Travel Services

14.09%

of portfolio

Number of shares

422,797 sh

Holdings current value

$71.07M

Avg closing price

$148.33

+79.2%

Last action

Exited

2025Q4

Current $265.84

BIOBIO RAD LABS INC

Healthcare·Medical Devices

9.75%

of portfolio

Number of shares

201,783 sh

Holdings current value

$49.15M

Avg closing price

$284.06

+5.3%

Last action

Trimmed 23.1%

2025Q4

Current $299.02

ENTGENTEGRIS INC

Technology·Semiconductor Equipment & Materials

4.01%

of portfolio

Number of shares

230,917 sh

Holdings current value

$20.20M

Avg closing price

$91.67

+59.3%

Last action

Trimmed 15.0%

2025Q4

Current $146.06

G9456A100GOLAR LNG LTD

3.83%

of portfolio

Number of shares

507,723 sh

Holdings current value

$19.29M

Avg closing price

$35.25

Last action

Added 10.1%

2025Q4

Current —

ARWARROW ELECTRS INC

Technology·Electronics & Computer Distribution

3.71%

of portfolio

Number of shares

180,231 sh

Holdings current value

$18.71M

Avg closing price

$111.16

+57.4%

Last action

Trimmed 13.5%

2025Q4

Current $174.97

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

3.32%

of portfolio

Number of shares

44,532 sh

Holdings current value

$16.72M

Avg closing price

$326.57

+29.5%

Last action

Trimmed 1.2%

2025Q4

Current $422.79

WDAYWORKDAY INC

Technology·Software - Application

3.25%

of portfolio

Number of shares

70,101 sh

Holdings current value

$16.37M

Avg closing price

$237.05

-47.8%

Last action

Trimmed 29.8%

2025Q4

Current $123.83

DGDOLLAR GEN CORP NEW

Consumer Defensive·Discount Stores

3.02%

of portfolio

Number of shares

173,226 sh

Holdings current value

$15.23M

Avg closing price

$84.51

+49.9%

Last action

Trimmed 30.0%

2025Q4

Current $126.68

HCAHCA HEALTHCARE INC

Healthcare·Medical Care Facilities

2.42%

of portfolio

Number of shares

35,367 sh

Holdings current value

$12.22M

Avg closing price

$270.55

+80.4%

Last action

Exited

2025Q4

Current $488.00

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

2.16%

of portfolio

Number of shares

57,379 sh

Holdings current value

$10.92M

Avg closing price

$189.55

+32.2%

Last action

Trimmed 14.1%

2025Q4

Current $250.56

LLYVK*LIBERTY MEDIA CORP DELTRK

1.60%

of portfolio

Number of shares

118,651 sh

Holdings current value

$8.08M

Avg closing price

$74.07

Last action

Exited

2025Q4

Current —

MTNVAIL RESORTS INC

Consumer Cyclical·Resorts & Casinos

1.59%

of portfolio

Number of shares

50,093 sh

Holdings current value

$8.02M

Avg closing price

$172.35

-22.7%

Last action

Trimmed 24.1%

2025Q4

Current $133.22

MHKMOHAWK INDS INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

1.28%

of portfolio

Number of shares

56,633 sh

Holdings current value

$6.47M

Avg closing price

$171.21

-36.4%

Last action

Trimmed 17.8%

2025Q4

Current $108.83

RPDRAPID7 INC

Technology·Software - Infrastructure

0.89%

of portfolio

Number of shares

169,325 sh

Holdings current value

$4.49M

Avg closing price

$39.37

-85.6%

Last action

Exited

2025Q4

Current $5.68

Portfolio heatmap

Box size = % of portfolio · color = return since filing

NVDA

15.49% · +86.1%

NORWEGIAN CRUISE LINE HLDG L

14.92%

GOLAR LNG LTD

3.83%

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.

Consumer Cyclical5 pos$170.4M42.4%
Technology6 pos$154.6M38.5%
Healthcare2 pos$61.4M15.3%
Consumer Defensive1 pos$15.2M3.8%

(20.4% unclassified, excluded from %)