Not quite . . .
They were wiped out in Bonfire (Jellico's avatar was a KH Awesome dodging orbital strikes) along with some Horses by Malvina- b/c the Horses were taking too long. Calamity had been sent with Trillian Steiner-Davion to ask for help from the FedSuns- she ended up as Julian's liaison. Hounds were gone by the time she got back to Lyran space to pitch in for the Wolves 1st offensive against the Lyrans after halting the League attacks. She ended up commanding the defense of Tharkad City . . . and then after that was done, she presumably tried to put the Hounds back together by recalling retired Hounds, getting new ones, and graduating trainees from their programs early. We have no idea what size, quality or equipment she was able to put together before everything kicked off again but her equipment state should be pretty good- KH factories, Warden Wolf factories, Sea Fox trade, and whatever support Trillian threw her way.
Real question is, why was she not on Arc Royal with the recovering Hounds when Malvina invaded- planetary defense units and the Warden Wolf garrison was all that were on planet. The Wolf Khan was killed by treachery but some escaped . . . TRO3150 says she gathered the Hounds, Wolves? and a vague others before proceeding to hit the Falcons on her way 'back to where it all started.' The question was she headed for where Katrina, Arthur, and Morgan found the black boxes in the periphery? Clan Home worlds? or other points in Hound/Wolf history. The Wolves bled out defending against Mad Malvina . . . some ended up re-joining the Crusaders, but they were few- IIRC the survivors voted against it. To be honest from the pieces I would expect them to have at best two clusters of nominal strength, decent Isegrim support for the JS fleet . . . the Wolf JS/DS fleet would mostly be filled with support & refugees IMO, both Kell Hound & Wolf mixed together.