Hound Partners, LLC
Long book
$792.3M
Q1 2026
Positions
34
Top-10 weight
80%
concentration
Last quarter
+12.3%
SPY +14.8%
Turnover
51%
of book per quarter
Strategy in plain words
auto-generated from filingsHound Partners, LLC is a concentrated fundamental stock-picker, running a $792.3M US long book across 34 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: CARNIVAL CORP LTD, NORWEGIAN CRUISE LINE HOLDIN, NVIDIA CORP, PALANTIR TECHNOLOGIES INC-A, ROBINHOOD MARKETS INC - A.
Over the last 9 quarters its long book ran on average 1.2pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.2%
Q2 2024
+15.8%
Q3 2024
+16.3%
Q4 2024
-7.7%
Q1 2025
+18.2%
Q2 2025
+11.3%
Q3 2025
-0.7%
Q4 2025
-11.1%
Q1 2026
+12.3%
Sector allocation
Industrials 33%
Technology 25%
Financials 20%
Services media 7%
Healthcare 5%
Consumer discretionary 4%
Communications 2%
Consumer staples 2%
Long book by quarter
What does Hound Partners, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CCL CARNIVAL CORP LTD | Industrials | 4.5M | $116.8M | 14.7% | +27.9% |
| NCLH NORWEGIAN CRUISE LINE HOLDIN | Industrials | 5.7M | $106.8M | 13.5% | +50.0% |
| NVDA NVIDIA CORP | Technology | 494.3K | $86.2M | 10.9% | +4.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 543.0K | $79.4M | 10.0% | Held |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 1.1M | $73.1M | 9.2% | New |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 103.5K | $49.6M | 6.3% | New |
| NFLX NETFLIX INC | Services media | 284.5K | $27.4M | 3.5% | New |
| BIO BIO-RAD LABORATORIES-A | Healthcare | 97.7K | $27.2M | 3.4% | +125.9% |
| MS MORGAN STANLEY | Financials | 141.6K | $23.3M | 2.9% | New |
| GLNG GOLAR LNG LTD | Industrials | 339.7K | $18.4M | 2.3% | -51.9% |
| MSFT MICROSOFT CORP | Technology | 47.3K | $17.5M | 2.2% | +37.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 82.1K | $17.1M | 2.2% | +80.7% |
| FOX FOX CORP - CLASS B | Communications | 314.2K | $16.7M | 2.1% | +3.0% |
| CALM CAL-MAINE FOODS INC | Consumer staples | 203.9K | $16.1M | 2.0% | +163.6% |
| ENSG ENSIGN GROUP INC/THE | Healthcare | 55.7K | $11.2M | 1.4% | -14.7% |
| LLYVA LIBERTY LIVE HOLDINGS-A | Services media | 112.0K | $10.3M | 1.3% | New |
| MHK MOHAWK INDUSTRIES INC | Other | 100.2K | $9.9M | 1.2% | +69.5% |
| ARW ARROW ELECTRONICS INC | Consumer discretionary | 55.1K | $7.9M | 1.0% | -59.4% |
| UBER UBER TECHNOLOGIES INC | Services media | 92.7K | $6.7M | 0.8% | +68.1% |
| BELFA BEL FUSE INC-CL A | Technology | 34.8K | $6.3M | 0.8% | -7.5% |
| MTN VAIL RESORTS INC | Services media | 38.6K | $5.0M | 0.6% | -35.0% |
| GIII G-III APPAREL GROUP LTD | Other | 115.9K | $3.2M | 0.4% | +3.4% |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 100.0K | $2.9M | 0.4% | New |
| ALH ALLIANCE LAUNDRY HOLDINGS IN | Industrials | 85.0K | $1.8M | 0.2% | Held |
| NTSK NETSKOPE INC-CL A | Technology | 206.5K | $1.8M | 0.2% | Held |
| ANDG ANDERSEN GROUP INC - A | Services media | 60.0K | $1.6M | 0.2% | Held |
| BOBS BOB'S DISCOUNT FURNITURE | Consumer discretionary | 122.0K | $1.4M | 0.2% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 4.6K | $1.2M | 0.2% | New |
| NP NEPTUNE INSURANCE HOLDI-CL A | Financials | 50.5K | $1.2M | 0.2% | Held |
| ELV ELEVANCE HEALTH INC | Financials | 3.9K | $1.2M | 0.1% | New |
| HUM HUMANA INC | Financials | 6.2K | $1.1M | 0.1% | New |
| OFRM ONCE UPON A FARM PBC | Consumer staples | 20.0K | $327K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 35 | $799.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 38 | $743.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 30 | $778.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 28 | $739.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 17 | $504.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 19 | $260.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 17 | $399.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 16 | $498.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 15 | $335.5M | canonical | SEC ↗ |
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