Jonathan Auerbach (Hound Partners) portfolio holdings

Holdings

Sorted by value · 2025Q3

Sector30 positions

CCLCARNIVAL CORP

Consumer Cyclical·Travel Services

13.69%

of portfolio

Number of shares

3,686,833 sh

Holdings current value

$106.59M

Avg closing price

$20.04

+45.8%

Last action

Trimmed 4.1%

2025Q4

Current $29.22

GSGOLDMAN SACHS GROUP INC

Financial Services·Capital Markets

11.86%

of portfolio

Number of shares

116,000 sh

Holdings current value

$92.38M

Avg closing price

$735.25

+25.9%

Last action

Exited

2025Q4

Current $925.95

SESEA LTDADR

Consumer Cyclical·Internet Retail

11.48%

of portfolio

Number of shares

500,000 sh

Holdings current value

$89.36M

Avg closing price

$159.94

-42.9%

Last action

New holding

2025Q2

Current $91.33

NVDANVIDIA CORPORATION

Technology·Semiconductors

11.32%

of portfolio

Number of shares

472,259 sh

Holdings current value

$88.11M

Avg closing price

$109.44

+84.3%

Last action

Added 0.5%

2025Q4

Current $201.68

G66721104NORWEGIAN CRUISE LINE HLDG L

9.78%

of portfolio

Number of shares

3,093,070 sh

Holdings current value

$76.18M

Avg closing price

$19.56

Last action

Added 30.1%

2025Q4

Current —

EXPEEXPEDIA GROUP INC

Consumer Cyclical·Travel Services

6.21%

of portfolio

Number of shares

226,375 sh

Holdings current value

$48.39M

Avg closing price

$148.33

+79.2%

Last action

Exited

2025Q4

Current $265.84

BIOBIO RAD LABS INC

Healthcare·Medical Devices

3.74%

of portfolio

Number of shares

103,963 sh

Holdings current value

$29.15M

Avg closing price

$284.06

+5.3%

Last action

Trimmed 36.9%

2025Q4

Current $299.02

G9456A100GOLAR LNG LTD

3.42%

of portfolio

Number of shares

658,751 sh

Holdings current value

$26.62M

Avg closing price

$35.25

Last action

Added 7.6%

2025Q4

Current —

ARWARROW ELECTRS INC

Technology·Electronics & Computer Distribution

2.55%

of portfolio

Number of shares

163,861 sh

Holdings current value

$19.83M

Avg closing price

$111.16

+57.4%

Last action

Trimmed 14.7%

2025Q4

Current $174.97

ENTGENTEGRIS INC

Technology·Semiconductor Equipment & Materials

2.38%

of portfolio

Number of shares

200,263 sh

Holdings current value

$18.52M

Avg closing price

$91.67

+59.3%

Last action

Trimmed 16.9%

2025Q4

Current $146.06

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

2.32%

of portfolio

Number of shares

34,888 sh

Holdings current value

$18.07M

Avg closing price

$326.57

+29.5%

Last action

Trimmed 1.5%

2025Q4

Current $422.79

WDAYWORKDAY INC

Technology·Software - Application

1.93%

of portfolio

Number of shares

62,402 sh

Holdings current value

$15.02M

Avg closing price

$237.05

-47.8%

Last action

Trimmed 32.3%

2025Q4

Current $123.83

LLYVK*LIBERTY MEDIA CORP DELTRK

1.79%

of portfolio

Number of shares

144,022 sh

Holdings current value

$13.97M

Avg closing price

$74.07

Last action

Exited

2025Q4

Current —

G4705A100ICON PLC

1.69%

of portfolio

Number of shares

75,000 sh

Holdings current value

$13.13M

Avg closing price

$145.45

Last action

New holding

2025Q2

Current —

GIIIG III APPAREL GROUP LTD

Consumer Cyclical·Apparel Manufacturing

1.64%

of portfolio

Number of shares

478,909 sh

Holdings current value

$12.74M

Avg closing price

$25.50

+19.6%

Last action

Trimmed 43.4%

2025Q4

Current $30.49

DGDOLLAR GEN CORP NEW

Consumer Defensive·Discount Stores

1.61%

of portfolio

Number of shares

121,564 sh

Holdings current value

$12.56M

Avg closing price

$84.51

+49.9%

Last action

Trimmed 37.9%

2025Q4

Current $126.68

ENSGENSIGN GROUP INC

Healthcare·Medical Care Facilities

1.55%

of portfolio

Number of shares

69,801 sh

Holdings current value

$12.06M

Avg closing price

$172.77

+15.8%

Last action

Trimmed 6.1%

2025Q4

Current $200.11

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

1.55%

of portfolio

Number of shares

54,871 sh

Holdings current value

$12.05M

Avg closing price

$189.55

+32.2%

Last action

Trimmed 14.7%

2025Q4

Current $250.56

MTNVAIL RESORTS INC

Consumer Cyclical·Resorts & Casinos

1.45%

of portfolio

Number of shares

75,320 sh

Holdings current value

$11.27M

Avg closing price

$172.35

-22.7%

Last action

Trimmed 17.4%

2025Q4

Current $133.22

KEXKIRBY CORP

Industrials·Marine Shipping

1.42%

of portfolio

Number of shares

132,831 sh

Holdings current value

$11.08M

Avg closing price

$65.37

+117.4%

Last action

Trimmed 19.9%

2025Q4

Current $142.09

H5919C104ON HLDG AG

1.36%

of portfolio

Number of shares

250,000 sh

Holdings current value

$10.59M

Avg closing price

$52.05

Last action

New holding

2025Q2

Current —

FISVFISERV INC

1.31%

of portfolio

Number of shares

79,112 sh

Holdings current value

$10.20M

Avg closing price

$140.27

-54.4%

Last action

Trimmed 14.7%

2025Q4

Current $63.97

MHKMOHAWK INDS INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

1.18%

of portfolio

Number of shares

71,405 sh

Holdings current value

$9.21M

Avg closing price

$171.21

-36.4%

Last action

Trimmed 14.7%

2025Q4

Current $108.83

HCAHCA HEALTHCARE INC

Healthcare·Medical Care Facilities

1.00%

of portfolio

Number of shares

18,265 sh

Holdings current value

$7.78M

Avg closing price

$270.55

+80.4%

Last action

Exited

2025Q4

Current $488.00

NTSKNETSKOPE INC

Technology·Software - Infrastructure

0.60%

of portfolio

Number of shares

206,500 sh

Holdings current value

$4.69M

Avg closing price

$22.73

-56.6%

Last action

New holding

2025Q3

Current $9.87

RPDRAPID7 INC

Technology·Software - Infrastructure

0.37%

of portfolio

Number of shares

154,920 sh

Holdings current value

$2.90M

Avg closing price

$39.37

-85.6%

Last action

Exited

2025Q4

Current $5.68

WBIWATERBRIDGE INFRASTRUCTURE L

Energy·Oil & Gas Equipment & Services

0.32%

of portfolio

Number of shares

100,000 sh

Holdings current value

$2.52M

Avg closing price

$25.22

-0.3%

Last action

New holding

2025Q3

Current $25.14

SBETSHARPLINK GAMING INC

Financial Services·Capital Markets

0.26%

of portfolio

Number of shares

118,790 sh

Holdings current value

$2.02M

Avg closing price

$16.95

-52.9%

Last action

Added 0.8%

2025Q4

Current $7.99

MIAXMIAMI INTL HLDGS INC

Financial Services·Capital Markets

0.13%

of portfolio

Number of shares

25,000 sh

Holdings current value

$1.01M

Avg closing price

$40.26

+12.2%

Last action

New holding

2025Q3

Current $45.17

AMBQAMBIQ MICRO INC

0.08%

of portfolio

Number of shares

20,000 sh

Holdings current value

$598.4K

Avg closing price

$29.92

+16.2%

Last action

New holding

2025Q3

Current $34.76

Portfolio heatmap

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

NORWEGIAN CRUISE LINE HLDG L

9.78%

GOLAR LNG LTD

3.42%

ICON PLC

1.69%

ON HLDG AG

1.36%

Sector exposure

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

Consumer Cyclical7 pos$289.6M46.2%
Technology7 pos$167.1M26.6%
Financial Services3 pos$95.4M15.2%
Healthcare3 pos$49.0M7.8%
Consumer Defensive1 pos$12.6M2.0%
Industrials1 pos$11.1M1.8%
Energy1 pos$2.5M0.4%

(19.4% unclassified, excluded from %)

Holdings

Sorted by value · 2025Q3

Sector30 positions

CCLCARNIVAL CORP

Consumer Cyclical·Travel Services

13.69%

of portfolio

Number of shares

3,686,833 sh

Holdings current value

$106.59M

Avg closing price

$20.04

+45.8%

Last action

Trimmed 4.1%

2025Q4

Current $29.22

GSGOLDMAN SACHS GROUP INC

Financial Services·Capital Markets

11.86%

of portfolio

Number of shares

116,000 sh

Holdings current value

$92.38M

Avg closing price

$735.25

+25.9%

Last action

Exited

2025Q4

Current $925.95

SESEA LTDADR

Consumer Cyclical·Internet Retail

11.48%

of portfolio

Number of shares

500,000 sh

Holdings current value

$89.36M

Avg closing price

$159.94

-42.9%

Last action

New holding

2025Q2

Current $91.33

NVDANVIDIA CORPORATION

Technology·Semiconductors

11.32%

of portfolio

Number of shares

472,259 sh

Holdings current value

$88.11M

Avg closing price

$109.44

+84.3%

Last action

Added 0.5%

2025Q4

Current $201.68

G66721104NORWEGIAN CRUISE LINE HLDG L

9.78%

of portfolio

Number of shares

3,093,070 sh

Holdings current value

$76.18M

Avg closing price

$19.56

Last action

Added 30.1%

2025Q4

Current —

EXPEEXPEDIA GROUP INC

Consumer Cyclical·Travel Services

6.21%

of portfolio

Number of shares

226,375 sh

Holdings current value

$48.39M

Avg closing price

$148.33

+79.2%

Last action

Exited

2025Q4

Current $265.84

BIOBIO RAD LABS INC

Healthcare·Medical Devices

3.74%

of portfolio

Number of shares

103,963 sh

Holdings current value

$29.15M

Avg closing price

$284.06

+5.3%

Last action

Trimmed 36.9%

2025Q4

Current $299.02

G9456A100GOLAR LNG LTD

3.42%

of portfolio

Number of shares

658,751 sh

Holdings current value

$26.62M

Avg closing price

$35.25

Last action

Added 7.6%

2025Q4

Current —

ARWARROW ELECTRS INC

Technology·Electronics & Computer Distribution

2.55%

of portfolio

Number of shares

163,861 sh

Holdings current value

$19.83M

Avg closing price

$111.16

+57.4%

Last action

Trimmed 14.7%

2025Q4

Current $174.97

ENTGENTEGRIS INC

Technology·Semiconductor Equipment & Materials

2.38%

of portfolio

Number of shares

200,263 sh

Holdings current value

$18.52M

Avg closing price

$91.67

+59.3%

Last action

Trimmed 16.9%

2025Q4

Current $146.06

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

2.32%

of portfolio

Number of shares

34,888 sh

Holdings current value

$18.07M

Avg closing price

$326.57

+29.5%

Last action

Trimmed 1.5%

2025Q4

Current $422.79

WDAYWORKDAY INC

Technology·Software - Application

1.93%

of portfolio

Number of shares

62,402 sh

Holdings current value

$15.02M

Avg closing price

$237.05

-47.8%

Last action

Trimmed 32.3%

2025Q4

Current $123.83

LLYVK*LIBERTY MEDIA CORP DELTRK

1.79%

of portfolio

Number of shares

144,022 sh

Holdings current value

$13.97M

Avg closing price

$74.07

Last action

Exited

2025Q4

Current —

G4705A100ICON PLC

1.69%

of portfolio

Number of shares

75,000 sh

Holdings current value

$13.13M

Avg closing price

$145.45

Last action

New holding

2025Q2

Current —

GIIIG III APPAREL GROUP LTD

Consumer Cyclical·Apparel Manufacturing

1.64%

of portfolio

Number of shares

478,909 sh

Holdings current value

$12.74M

Avg closing price

$25.50

+19.6%

Last action

Trimmed 43.4%

2025Q4

Current $30.49

DGDOLLAR GEN CORP NEW

Consumer Defensive·Discount Stores

1.61%

of portfolio

Number of shares

121,564 sh

Holdings current value

$12.56M

Avg closing price

$84.51

+49.9%

Last action

Trimmed 37.9%

2025Q4

Current $126.68

ENSGENSIGN GROUP INC

Healthcare·Medical Care Facilities

1.55%

of portfolio

Number of shares

69,801 sh

Holdings current value

$12.06M

Avg closing price

$172.77

+15.8%

Last action

Trimmed 6.1%

2025Q4

Current $200.11

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

1.55%

of portfolio

Number of shares

54,871 sh

Holdings current value

$12.05M

Avg closing price

$189.55

+32.2%

Last action

Trimmed 14.7%

2025Q4

Current $250.56

MTNVAIL RESORTS INC

Consumer Cyclical·Resorts & Casinos

1.45%

of portfolio

Number of shares

75,320 sh

Holdings current value

$11.27M

Avg closing price

$172.35

-22.7%

Last action

Trimmed 17.4%

2025Q4

Current $133.22

KEXKIRBY CORP

Industrials·Marine Shipping

1.42%

of portfolio

Number of shares

132,831 sh

Holdings current value

$11.08M

Avg closing price

$65.37

+117.4%

Last action

Trimmed 19.9%

2025Q4

Current $142.09

H5919C104ON HLDG AG

1.36%

of portfolio

Number of shares

250,000 sh

Holdings current value

$10.59M

Avg closing price

$52.05

Last action

New holding

2025Q2

Current —

FISVFISERV INC

1.31%

of portfolio

Number of shares

79,112 sh

Holdings current value

$10.20M

Avg closing price

$140.27

-54.4%

Last action

Trimmed 14.7%

2025Q4

Current $63.97

MHKMOHAWK INDS INC

Consumer Cyclical·Furnishings, Fixtures & Appliances

1.18%

of portfolio

Number of shares

71,405 sh

Holdings current value

$9.21M

Avg closing price

$171.21

-36.4%

Last action

Trimmed 14.7%

2025Q4

Current $108.83

HCAHCA HEALTHCARE INC

Healthcare·Medical Care Facilities

1.00%

of portfolio

Number of shares

18,265 sh

Holdings current value

$7.78M

Avg closing price

$270.55

+80.4%

Last action

Exited

2025Q4

Current $488.00

NTSKNETSKOPE INC

Technology·Software - Infrastructure

0.60%

of portfolio

Number of shares

206,500 sh

Holdings current value

$4.69M

Avg closing price

$22.73

-56.6%

Last action

New holding

2025Q3

Current $9.87

RPDRAPID7 INC

Technology·Software - Infrastructure

0.37%

of portfolio

Number of shares

154,920 sh

Holdings current value

$2.90M

Avg closing price

$39.37

-85.6%

Last action

Exited

2025Q4

Current $5.68

WBIWATERBRIDGE INFRASTRUCTURE L

Energy·Oil & Gas Equipment & Services

0.32%

of portfolio

Number of shares

100,000 sh

Holdings current value

$2.52M

Avg closing price

$25.22

-0.3%

Last action

New holding

2025Q3

Current $25.14

SBETSHARPLINK GAMING INC

Financial Services·Capital Markets

0.26%

of portfolio

Number of shares

118,790 sh

Holdings current value

$2.02M

Avg closing price

$16.95

-52.9%

Last action

Added 0.8%

2025Q4

Current $7.99

MIAXMIAMI INTL HLDGS INC

Financial Services·Capital Markets

0.13%

of portfolio

Number of shares

25,000 sh

Holdings current value

$1.01M

Avg closing price

$40.26

+12.2%

Last action

New holding

2025Q3

Current $45.17

AMBQAMBIQ MICRO INC

0.08%

of portfolio

Number of shares

20,000 sh

Holdings current value

$598.4K

Avg closing price

$29.92

+16.2%

Last action

New holding

2025Q3

Current $34.76

Portfolio heatmap

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

NORWEGIAN CRUISE LINE HLDG L

9.78%

GOLAR LNG LTD

3.42%

ICON PLC

1.69%

ON HLDG AG

1.36%

Sector exposure

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

Consumer Cyclical7 pos$289.6M46.2%
Technology7 pos$167.1M26.6%
Financial Services3 pos$95.4M15.2%
Healthcare3 pos$49.0M7.8%
Consumer Defensive1 pos$12.6M2.0%
Industrials1 pos$11.1M1.8%
Energy1 pos$2.5M0.4%

(19.4% unclassified, excluded from %)