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HP

Hound Partners Portfolio holdings

AUM $799M
1-Year Est. Return 9.54%
This Fund
S&P 500
This Quarter Est. Return
-1.7%
1 Year Est. Return
+9.54%
3 Year Est. Return
+2.99%
5 Year Est. Return
-6.92%
10 Year Est. Return
+145.19%
AUM
$1.57B
AUM Growth
-$477M
Cap. Flow
-$393M
Cap. Flow %
-24.99%
Top 10 Hldgs %
75.74%
Holding
40
New
9
Increased
2
Reduced
16
Closed
13

Top Buys

Rank Stock Value
1
ECHO
EchoStar
ECHO
+$102M
2
W icon
Wayfair
W
+$57M
3
ARMK icon
Aramark
ARMK
+$53.6M
4
AVTR icon
Avantor
AVTR
+$39.3M
5
NXST icon
Nexstar Media Group
NXST
+$15.2M

Top Sells

Rank Stock Value
1
RPM icon
RPM International
RPM
+$104M
2
QSR icon
Restaurant Brands International
QSR
+$73.6M
3
LKQ icon
LKQ Corp
LKQ
+$69.5M
4
PCG icon
PG&E
PCG
+$57M
5
LBRDK icon
Liberty Broadband Class C
LBRDK
+$44.6M

Sector Composition

Rank Sector Weight
1 Communication Services 34.04%
2 Consumer Discretionary 18.81%
3 Industrials 18.44%
4 Technology 14.69%
5 Materials 7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ASAP
26
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
$1.01M 0.06%
+39,422
New +$2.53M
JMIA
27
PUT
Jumia Technologies
JMIA
$708M
$793K 0.05%
+100,000
New +$1.55M
ADPT icon
28
Adaptive Biotechnologies
ADPT
$3.61B
– –
-50,000
Closed -$2.42M
BJ icon
29
BJs Wholesale Club
BJ
$12.8B
– –
-221,055
Closed -$5.84M
CHWY icon
30
Chewy
CHWY
$9.54B
– –
-35,000
Closed -$1.23M
GO icon
31
Grocery Outlet
GO
$904M
– –
-50,000
Closed -$1.64M
HCM icon
32
HUTCHMED
HCM
$1.96B
– –
-100,000
Closed -$2.2M
LBRDA icon
33
Liberty Broadband Class A
LBRDA
$4.89B
– –
-4,036
Closed -$415K
LBRDK icon
34
Liberty Broadband Class C
LBRDK
$4.89B
– –
-428,075
Closed -$44.6M
PINS icon
35
PUT
Pinterest
PINS
$13.7B
– –
-150,000
Closed -$4.08M
QFIN icon
36
Qfin Holdings
QFIN
$1.68B
– –
-168,452
Closed -$1.98M
QSR icon
37
Restaurant Brands International
QSR
$26.2B
– –
-1,058,353
Closed -$73.6M
REAL icon
38
The RealReal
REAL
$1.41B
– –
-110,000
Closed -$3.18M
VICI icon
39
VICI Properties
VICI
$29.9B
– –
-110,000
Closed -$2.42M
GBT
40
DELISTED
Global Blood Therapeutics, Inc.
GBT
– –
-38,784
Closed -$2.04M
1
2

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Hound Partners's Q3 2019 Portfolio in Review

As of Q3 2019, Hound Partners held 40 positions worth $1.57B, down 23% from $2.05B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Hound Partners withdrew a net $393M in Q3 2019, closing 13 positions and reducing 16 holdings. Its most notable exit was Restaurant Brands International, an estimated $73.6M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 34% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Hound Partners opened a new position in EchoStar worth $112M.

  • Hound Partners's largest Q3 2019 buy was EchoStar: 2,835,810 shares worth $112M.
  • Hound Partners added most to Nexstar Media Group in Q3 2019, an estimated $15.2M increase.
  • Hound Partners's biggest Q3 2019 reduction was RPM International, cutting an estimated $104M.
  • Hound Partners fully exited Restaurant Brands International in Q3 2019, selling an estimated $73.6M.
  • Hound Partners's ten largest holdings make up 76% of its $1.57B portfolio in Q3 2019.
  • Hound Partners opened 9 new positions and closed 13 in Q3 2019.
  • Hound Partners's portfolio value fell 23% quarter-over-quarter to $1.57B.

Based on Hound Partners's 13F filing for Q3 2019, filed 14 Nov 2019.