Baird Financial Group
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Baird Financial Group’s Norwegian Cruise Line NCLH Stock Holding History

Baird Financial Group’s Portfolio NCLH Stock Details NCLH Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-519,550
Closed -$12.8M – 1841
2025
Q3 		$12.8M Buy
519,550
+7,273
+1% +$177K 0.02% 482
2025
Q2 		$10.4M Buy
512,277
+172,938
+51% +$3.09M 0.02% 517
2025
Q1 		$6.43M Buy
339,339
+319,922
+1,648% +$7.7M 0.01% 602
2024
Q4 		$500K Sell
19,417
-196
-1% -$4.95K ﹤0.01% 1381
2024
Q3 		$402K Buy
+19,613
New +$356K ﹤0.01% 1457
2021
Q3 		– Sell
-244,423
Closed -$7.19M – 1904
2021
Q2 		$7.19M Buy
244,423
+11,620
+5% +$350K 0.02% 495
2021
Q1 		$6.42M Buy
+232,803
New +$6.2M 0.02% 509
2020
Q1 		– Sell
-35,752
Closed -$2.09M – 1510
2019
Q4 		$2.09M Sell
35,752
-176
-0.5% -$9.29K 0.01% 764
2019
Q3 		$1.86M Buy
35,928
+1,351
+4% +$68.5K 0.01% 790
2019
Q2 		$1.85M Buy
+34,577
New +$1.92M 0.01% 805
2018
Q1 		– Sell
-4,055
Closed -$216K – 1279
2017
Q4 		$216K Buy
+4,055
New +$224K ﹤0.01% 1196
2016
Q2 		– Sell
-56,876
Closed -$3.15M – 1235
2016
Q1 		$3.15M Buy
56,876
+3,484
+7% +$168K 0.03% 449
2015
Q4 		$3.13M Buy
53,392
+2,797
+6% +$165K 0.03% 436
2015
Q3 		$2.9M Sell
50,595
-37,222
-42% -$2.19M 0.03% 444
2015
Q2 		$4.92M Buy
+87,817
New +$4.72M 0.05% 343

Other funds holding NCLH

Capital International Investors
Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $10B AUM 42.59% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
Marshall Wace
Marshall Wace London, United Kingdom $127B AUM 46.06% 1-Year Est. Return

Baird Financial Group's NCLH Position: Q4 2025 in Review

Baird Financial Group sold out of Norwegian Cruise Line (NCLH) in Q4 2025, closing a stake of 519,550 shares — an estimated $12.8M sold.

Baird Financial Group first reported a position in NCLH in Q2 2015 and held it in 15 quarters. The position peaked at $12.8M in Q3 2025. 646 funds tracked by Wall St. Rank hold NCLH as of Q4 2025.

  • Baird Financial Group reported no remaining Norwegian Cruise Line position as of Q4 2025 after selling out during the quarter.
  • Baird Financial Group sold 519,550 Norwegian Cruise Line shares in Q4 2025, an estimated $12.8M.
  • Baird Financial Group first reported a position in Norwegian Cruise Line in Q2 2015 and held it in 15 quarters.
  • Baird Financial Group's Norwegian Cruise Line position peaked at $12.8M in Q3 2025.
  • 646 funds tracked by Wall St. Rank held Norwegian Cruise Line as of Q4 2025.

Based on Baird Financial Group's 13F filing for Q4 2025, filed 13 Feb 2026.