Jonathan Auerbach (Hound Partners) portfolio holdings

Holdings

Sorted by value · 2025Q2

Sector28 positions

CCLCARNIVAL CORP

Consumer Cyclical·Travel Services

13.26%

of portfolio

Number of shares

3,487,983 sh

Holdings current value

$98.08M

Avg closing price

$20.04

+45.8%

Last action

Trimmed 4.3%

2025Q4

Current $29.22

SESEA LTDADR

Consumer Cyclical·Internet Retail

10.81%

of portfolio

Number of shares

500,000 sh

Holdings current value

$79.97M

Avg closing price

$159.94

-42.9%

Last action

New holding

2025Q2

Current $91.33

NVDANVIDIA CORPORATION

Technology·Semiconductors

10.81%

of portfolio

Number of shares

506,100 sh

Holdings current value

$79.96M

Avg closing price

$109.44

+84.3%

Last action

Added 0.5%

2025Q4

Current $201.68

G66721104NORWEGIAN CRUISE LINE HLDG L

9.19%

of portfolio

Number of shares

3,352,836 sh

Holdings current value

$68.00M

Avg closing price

$19.56

Last action

Added 27.1%

2025Q4

Current —

EXPEEXPEDIA GROUP INC

Consumer Cyclical·Travel Services

8.00%

of portfolio

Number of shares

351,025 sh

Holdings current value

$59.21M

Avg closing price

$148.33

+79.2%

Last action

Exited

2025Q4

Current $265.84

GSGOLDMAN SACHS GROUP INC

Financial Services·Capital Markets

7.65%

of portfolio

Number of shares

80,000 sh

Holdings current value

$56.62M

Avg closing price

$735.25

+25.9%

Last action

Exited

2025Q4

Current $925.95

BIOBIO RAD LABS INC

Healthcare·Medical Devices

5.93%

of portfolio

Number of shares

181,936 sh

Holdings current value

$43.90M

Avg closing price

$284.06

+5.3%

Last action

Trimmed 25.0%

2025Q4

Current $299.02

G9456A100GOLAR LNG LTD

3.64%

of portfolio

Number of shares

653,595 sh

Holdings current value

$26.92M

Avg closing price

$35.25

Last action

Added 7.7%

2025Q4

Current —

AAPLAPPLE INC

Technology·Consumer Electronics

3.41%

of portfolio

Number of shares

123,000 sh

Holdings current value

$25.24M

Avg closing price

$205.17

+31.7%

Last action

Exited

2025Q3

Current $270.23

ENTGENTEGRIS INC

Technology·Semiconductor Equipment & Materials

3.35%

of portfolio

Number of shares

307,737 sh

Holdings current value

$24.82M

Avg closing price

$91.67

+59.3%

Last action

Trimmed 11.7%

2025Q4

Current $146.06

ARWARROW ELECTRS INC

Technology·Electronics & Computer Distribution

2.80%

of portfolio

Number of shares

162,381 sh

Holdings current value

$20.69M

Avg closing price

$111.16

+57.4%

Last action

Trimmed 14.8%

2025Q4

Current $174.97

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

2.69%

of portfolio

Number of shares

40,081 sh

Holdings current value

$19.94M

Avg closing price

$326.57

+29.5%

Last action

Trimmed 1.3%

2025Q4

Current $422.79

LLYVK*LIBERTY MEDIA CORP DELTRK

2.40%

of portfolio

Number of shares

219,194 sh

Holdings current value

$17.79M

Avg closing price

$74.07

Last action

Exited

2025Q4

Current —

WDAYWORKDAY INC

Technology·Software - Application

2.01%

of portfolio

Number of shares

61,915 sh

Holdings current value

$14.86M

Avg closing price

$237.05

-47.8%

Last action

Trimmed 32.5%

2025Q4

Current $123.83

DGDOLLAR GEN CORP NEW

Consumer Defensive·Discount Stores

1.86%

of portfolio

Number of shares

120,594 sh

Holdings current value

$13.79M

Avg closing price

$84.51

+49.9%

Last action

Trimmed 38.1%

2025Q4

Current $126.68

H5919C104ON HLDG AG

1.76%

of portfolio

Number of shares

250,000 sh

Holdings current value

$13.01M

Avg closing price

$52.05

Last action

New holding

2025Q2

Current —

HCAHCA HEALTHCARE INC

Healthcare·Medical Care Facilities

1.65%

of portfolio

Number of shares

31,832 sh

Holdings current value

$12.19M

Avg closing price

$270.55

+80.4%

Last action

Exited

2025Q4

Current $488.00

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

1.61%

of portfolio

Number of shares

54,445 sh

Holdings current value

$11.94M

Avg closing price

$189.55

+32.2%

Last action

Trimmed 14.8%

2025Q4

Current $250.56

MTNVAIL RESORTS INC

Consumer Cyclical·Resorts & Casinos

1.58%

of portfolio

Number of shares

74,570 sh

Holdings current value

$11.72M

Avg closing price

$172.35

-22.7%

Last action

Trimmed 17.6%

2025Q4

Current $133.22

G4705A100ICON PLC

1.47%

of portfolio

Number of shares

75,000 sh

Holdings current value

$10.91M

Avg closing price

$145.45

Last action

New holding

2025Q2

Current —

MHKMOHAWK INDS INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

1.46%

of portfolio

Number of shares

103,094 sh

Holdings current value

$10.81M

Avg closing price

$171.21

-36.4%

Last action

Trimmed 10.6%

2025Q4

Current $108.83

FISVFISERV INC

0.78%

of portfolio

Number of shares

33,359 sh

Holdings current value

$5.75M

Avg closing price

$140.27

-54.4%

Last action

Trimmed 29.0%

2025Q4

Current $63.97

UNHUNITEDHEALTH GROUP INC

Healthcare·Healthcare Plans

0.57%

of portfolio

Number of shares

13,437 sh

Holdings current value

$4.19M

Avg closing price

$311.97

+4.1%

Last action

Exited

2025Q3

Current $324.63

RPDRAPID7 INC

Technology·Software - Infrastructure

0.48%

of portfolio

Number of shares

153,175 sh

Holdings current value

$3.54M

Avg closing price

$39.37

-85.6%

Last action

Exited

2025Q4

Current $5.68

GIIIG III APPAREL GROUP LTD

Consumer Cyclical·Apparel Manufacturing

0.38%

of portfolio

Number of shares

126,040 sh

Holdings current value

$2.82M

Avg closing price

$25.50

+19.6%

Last action

Trimmed 74.4%

2025Q4

Current $30.49

TTANSERVICETITAN INC

Technology·Software - Application

0.29%

of portfolio

Number of shares

20,000 sh

Holdings current value

$2.14M

Avg closing price

$107.18

-40.0%

Last action

Exited

2025Q3

Current $64.31

K4FONESTREAM INC

0.11%

of portfolio

Number of shares

30,000 sh

Holdings current value

$849.0K

Avg closing price

$28.30

Last action

Exited

2025Q3

Current —

ASICATEGRITY SPECIALTY IN CO HO

Financial Services·Insurance - Property & Casualty

0.03%

of portfolio

Number of shares

10,000 sh

Holdings current value

$215.2K

Avg closing price

$21.52

-1.7%

Last action

Exited

2025Q3

Current $21.16

Portfolio heatmap

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

NORWEGIAN CRUISE LINE HLDG L

9.19%

GOLAR LNG LTD

3.64%

ON HLDG AG

1.76%

ICON PLC

1.47%

Sector exposure

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

Consumer Cyclical7 pos$274.6M46.0%
Technology8 pos$191.2M32.0%
Healthcare3 pos$60.3M10.1%
Financial Services2 pos$56.8M9.5%
Consumer Defensive1 pos$13.8M2.3%

(19.4% unclassified, excluded from %)

Holdings

Sorted by value · 2025Q2

Sector28 positions

CCLCARNIVAL CORP

Consumer Cyclical·Travel Services

13.26%

of portfolio

Number of shares

3,487,983 sh

Holdings current value

$98.08M

Avg closing price

$20.04

+45.8%

Last action

Trimmed 4.3%

2025Q4

Current $29.22

SESEA LTDADR

Consumer Cyclical·Internet Retail

10.81%

of portfolio

Number of shares

500,000 sh

Holdings current value

$79.97M

Avg closing price

$159.94

-42.9%

Last action

New holding

2025Q2

Current $91.33

NVDANVIDIA CORPORATION

Technology·Semiconductors

10.81%

of portfolio

Number of shares

506,100 sh

Holdings current value

$79.96M

Avg closing price

$109.44

+84.3%

Last action

Added 0.5%

2025Q4

Current $201.68

G66721104NORWEGIAN CRUISE LINE HLDG L

9.19%

of portfolio

Number of shares

3,352,836 sh

Holdings current value

$68.00M

Avg closing price

$19.56

Last action

Added 27.1%

2025Q4

Current —

EXPEEXPEDIA GROUP INC

Consumer Cyclical·Travel Services

8.00%

of portfolio

Number of shares

351,025 sh

Holdings current value

$59.21M

Avg closing price

$148.33

+79.2%

Last action

Exited

2025Q4

Current $265.84

GSGOLDMAN SACHS GROUP INC

Financial Services·Capital Markets

7.65%

of portfolio

Number of shares

80,000 sh

Holdings current value

$56.62M

Avg closing price

$735.25

+25.9%

Last action

Exited

2025Q4

Current $925.95

BIOBIO RAD LABS INC

Healthcare·Medical Devices

5.93%

of portfolio

Number of shares

181,936 sh

Holdings current value

$43.90M

Avg closing price

$284.06

+5.3%

Last action

Trimmed 25.0%

2025Q4

Current $299.02

G9456A100GOLAR LNG LTD

3.64%

of portfolio

Number of shares

653,595 sh

Holdings current value

$26.92M

Avg closing price

$35.25

Last action

Added 7.7%

2025Q4

Current —

AAPLAPPLE INC

Technology·Consumer Electronics

3.41%

of portfolio

Number of shares

123,000 sh

Holdings current value

$25.24M

Avg closing price

$205.17

+31.7%

Last action

Exited

2025Q3

Current $270.23

ENTGENTEGRIS INC

Technology·Semiconductor Equipment & Materials

3.35%

of portfolio

Number of shares

307,737 sh

Holdings current value

$24.82M

Avg closing price

$91.67

+59.3%

Last action

Trimmed 11.7%

2025Q4

Current $146.06

ARWARROW ELECTRS INC

Technology·Electronics & Computer Distribution

2.80%

of portfolio

Number of shares

162,381 sh

Holdings current value

$20.69M

Avg closing price

$111.16

+57.4%

Last action

Trimmed 14.8%

2025Q4

Current $174.97

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

2.69%

of portfolio

Number of shares

40,081 sh

Holdings current value

$19.94M

Avg closing price

$326.57

+29.5%

Last action

Trimmed 1.3%

2025Q4

Current $422.79

LLYVK*LIBERTY MEDIA CORP DELTRK

2.40%

of portfolio

Number of shares

219,194 sh

Holdings current value

$17.79M

Avg closing price

$74.07

Last action

Exited

2025Q4

Current —

WDAYWORKDAY INC

Technology·Software - Application

2.01%

of portfolio

Number of shares

61,915 sh

Holdings current value

$14.86M

Avg closing price

$237.05

-47.8%

Last action

Trimmed 32.5%

2025Q4

Current $123.83

DGDOLLAR GEN CORP NEW

Consumer Defensive·Discount Stores

1.86%

of portfolio

Number of shares

120,594 sh

Holdings current value

$13.79M

Avg closing price

$84.51

+49.9%

Last action

Trimmed 38.1%

2025Q4

Current $126.68

H5919C104ON HLDG AG

1.76%

of portfolio

Number of shares

250,000 sh

Holdings current value

$13.01M

Avg closing price

$52.05

Last action

New holding

2025Q2

Current —

HCAHCA HEALTHCARE INC

Healthcare·Medical Care Facilities

1.65%

of portfolio

Number of shares

31,832 sh

Holdings current value

$12.19M

Avg closing price

$270.55

+80.4%

Last action

Exited

2025Q4

Current $488.00

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

1.61%

of portfolio

Number of shares

54,445 sh

Holdings current value

$11.94M

Avg closing price

$189.55

+32.2%

Last action

Trimmed 14.8%

2025Q4

Current $250.56

MTNVAIL RESORTS INC

Consumer Cyclical·Resorts & Casinos

1.58%

of portfolio

Number of shares

74,570 sh

Holdings current value

$11.72M

Avg closing price

$172.35

-22.7%

Last action

Trimmed 17.6%

2025Q4

Current $133.22

G4705A100ICON PLC

1.47%

of portfolio

Number of shares

75,000 sh

Holdings current value

$10.91M

Avg closing price

$145.45

Last action

New holding

2025Q2

Current —

MHKMOHAWK INDS INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

1.46%

of portfolio

Number of shares

103,094 sh

Holdings current value

$10.81M

Avg closing price

$171.21

-36.4%

Last action

Trimmed 10.6%

2025Q4

Current $108.83

FISVFISERV INC

0.78%

of portfolio

Number of shares

33,359 sh

Holdings current value

$5.75M

Avg closing price

$140.27

-54.4%

Last action

Trimmed 29.0%

2025Q4

Current $63.97

UNHUNITEDHEALTH GROUP INC

Healthcare·Healthcare Plans

0.57%

of portfolio

Number of shares

13,437 sh

Holdings current value

$4.19M

Avg closing price

$311.97

+4.1%

Last action

Exited

2025Q3

Current $324.63

RPDRAPID7 INC

Technology·Software - Infrastructure

0.48%

of portfolio

Number of shares

153,175 sh

Holdings current value

$3.54M

Avg closing price

$39.37

-85.6%

Last action

Exited

2025Q4

Current $5.68

GIIIG III APPAREL GROUP LTD

Consumer Cyclical·Apparel Manufacturing

0.38%

of portfolio

Number of shares

126,040 sh

Holdings current value

$2.82M

Avg closing price

$25.50

+19.6%

Last action

Trimmed 74.4%

2025Q4

Current $30.49

TTANSERVICETITAN INC

Technology·Software - Application

0.29%

of portfolio

Number of shares

20,000 sh

Holdings current value

$2.14M

Avg closing price

$107.18

-40.0%

Last action

Exited

2025Q3

Current $64.31

K4FONESTREAM INC

0.11%

of portfolio

Number of shares

30,000 sh

Holdings current value

$849.0K

Avg closing price

$28.30

Last action

Exited

2025Q3

Current —

ASICATEGRITY SPECIALTY IN CO HO

Financial Services·Insurance - Property & Casualty

0.03%

of portfolio

Number of shares

10,000 sh

Holdings current value

$215.2K

Avg closing price

$21.52

-1.7%

Last action

Exited

2025Q3

Current $21.16

Portfolio heatmap

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

NORWEGIAN CRUISE LINE HLDG L

9.19%

GOLAR LNG LTD

3.64%

ON HLDG AG

1.76%

ICON PLC

1.47%

Sector exposure

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

Consumer Cyclical7 pos$274.6M46.0%
Technology8 pos$191.2M32.0%
Healthcare3 pos$60.3M10.1%
Financial Services2 pos$56.8M9.5%
Consumer Defensive1 pos$13.8M2.3%

(19.4% unclassified, excluded from %)