Hound Partners 13F annual report

Hound Partners is an investment fund managing more than $499 billion ran by Steven Lapkoff. There are currently 16 companies in Mr. Lapkoff’s portfolio. The largest investments include Fortinet Inc and Ishares Bitcoin Tr, together worth $231 billion.

$499 billion Assets Under Management (AUM)

As of 7th August 2024, Hound Partners’s top holding is 2,407,863 shares of Fortinet Inc currently worth over $145 billion and making up 29.1% of the portfolio value. Relative to the number of outstanding shares of Fortinet Inc, Hound Partners owns more than approximately 0.1% of the company. In addition, the fund holds 2,523,456 shares of Ishares Bitcoin Tr worth $86.2 billion. The third-largest holding is Booking Inc worth $67.7 billion and the next is Bio Rad Labs Inc worth $45 billion, with 164,870 shares owned.

Currently, Hound Partners's portfolio is worth at least $499 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Hound Partners

The Hound Partners office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Steven Lapkoff serves as the CCO at Hound Partners.

Recent trades

In the most recent 13F filing, Hound Partners revealed that it had opened a new position in Fortinet Inc and bought 2,407,863 shares worth $145 billion.

On the other hand, there are companies that Hound Partners is getting rid of from its portfolio. Hound Partners closed its position in Vanguard World Fds on 14th August 2024. It sold the previously owned 283,813 shares for $38.9 billion. Steven Lapkoff also disclosed a decreased stake in Bio Rad Labs Inc by 0.4%. This leaves the value of the investment at $45 billion and 164,870 shares.

One of the average hedge funds

The two most similar investment funds to Hound Partners are Capital Management Corp va and Fractal Investments. They manage $499 billion and $498 billion respectively.

Steven Lapkoff investment strategy

Hound Partners’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Technology — making up 33.5% of the total portfolio value. The fund focuses on investments in the United States as 50.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 50% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $275 billion.

The complete list of Hound Partners trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Fortinet Inc	Opened 2,407,863	$145,121,903,000	29.10%
Ishares Bitcoin Tr	Opened 2,523,456	$86,150,788,000	17.28%
Booking Holdings Inc	Opened 17,084	$67,678,266,000	13.57%
Bio Rad Labs Inc	36.99% 164,870	$45,027,646,000	9.03%
Vanguard World Fds	Closed 283,813	$38,902,248,000
Golar Lng	18.34% 1,154,752	$36,201,475,000	7.26%
Kirby Corp.	Closed 407,535	$31,983,347,000
Microsoft Corporation	27.93% 48,756	$21,791,494,000	4.37%
Cal-Maine Foods, Inc.	Closed 326,007	$18,709,542,000
Fiserv, Inc.	Opened 101,203	$15,083,295,000	3.03%
HCA Healthcare Inc	74.20% 43,433	$13,954,154,000	2.80%
Vail Resorts Inc.	Opened 69,060	$12,439,778,000	2.49%
Mohawk Inds Inc	2.60% 105,701	$12,006,577,000	2.41%
Visa Inc	Opened 40,805	$10,710,088,000	2.15%
Danaher Corp.	1.85% 41,659	$10,408,501,000	2.09%
RH	Closed 33,559	$9,781,777,000
Amazon.com Inc.	Opened 47,538	$9,186,719,000	1.84%
Arrowhead Pharmaceuticals In	Opened 269,929	$7,015,455,000	1.41%
Workday Inc	41.61% 25,603	$5,723,807,000	1.15%
Ftc Solar Inc	41.16% 330,418	$116,638,000	0.02%
No transactions found
Showing first 500 out of 20 holdings