Bank of Montreal’s Norwegian Cruise Line NCLH Stock Holding History

Bank of Montreal’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
2026 Q1	–	Sell	-70,000	Closed	-$1.56M	–	3932
2025 Q4	$1.56M	Hold	70,000	–	–	﹤0.01%	1757
2025 Q3	$1.72M	Hold	70,000	–	–	﹤0.01%	1720
2025 Q2	$1.42M	Hold	70,000	–	–	﹤0.01%	1733
2025 Q1	$1.33M	Buy	+70,000	New	+$1.69M	﹤0.01%	1688
2024 Q1	–	Sell	-300,000	Closed	-$6.15M	–	4187
2023 Q4	$6.15M	Hold	300,000	–	–	﹤0.01%	1202
2023 Q3	$5.17M	Hold	300,000	–	–	﹤0.01%	1259
2023 Q2	$6.54M	Buy	+300,000	New	+$4.59M	﹤0.01%	1209
2023 Q1	–	Sell	-364,900	Closed	-$4.48M	–	4050
2022 Q4	$4.48M	Sell	364,900 -2,007,000	-85%	-$30.2M	﹤0.01%	1354
2022 Q3	$32.9K	Sell	2,371,900 -40,600	-2%	-$535K	0.01%	502
2022 Q2	$31.5K	Sell	2,412,500 -1,695,600	-41%	-$28.4M	0.01%	582
2022 Q1	$87.3M	Buy	4,108,100 +1,660,100	+68%	+$33.9M	0.04%	302
2021 Q4	$51.5M	Buy	2,448,000 +222,300	+10%	+$5.32M	0.03%	418
2021 Q3	$62.4M	Buy	2,225,700 +1,105,700	+99%	+$28.1M	0.03%	482
2021 Q2	$34.7M	Sell	1,120,000 -277,100	-20%	-$8.35M	0.02%	647
2021 Q1	$42.8M	Buy	1,397,100 +271,900	+24%	+$7.24M	0.03%	447
2020 Q4	$27.2M	Buy	1,125,200 +88,300	+9%	+$1.84M	0.02%	591
2020 Q3	$17.9M	Buy	1,036,900 +251,200	+32%	+$3.98M	0.01%	621
2020 Q2	$11.9M	Buy	+785,700	New	+$11.5M	0.01%	762

Other funds holding NCLH

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Barclays London, United Kingdom $416B AUM 33.63% 1-Year Est. Return

Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return

EIM

Elliott Investment Management West Palm Beach, Florida $20.1B AUM 60.76% 1-Year Est. Return

Bank of Montreal's NCLH Position: Q1 2026 in Review

Bank of Montreal reduced its Norwegian Cruise Line (NCLH) stake by 35% in Q1 2026, selling an estimated $4.17M and leaving 359,226 shares worth $6.72M. The position accounts for ﹤0.01% of the portfolio, ranked #1216.

Bank of Montreal first reported a position in NCLH in Q3 2013 and has held it in 48 quarters since. The position peaked at $114M in Q1 2022. 636 funds tracked by Wall St. Rank hold NCLH as of Q1 2026.

Bank of Montreal held 359,226 shares of Norwegian Cruise Line worth $6.72M as of Q1 2026.
Bank of Montreal sold 190,904 Norwegian Cruise Line shares in Q1 2026, an estimated $4.17M.
Norwegian Cruise Line made up ﹤0.01% of Bank of Montreal's portfolio in Q1 2026, its #1216 holding.
Bank of Montreal first reported a position in Norwegian Cruise Line in Q3 2013 and has held it in 48 quarters since.
Bank of Montreal's Norwegian Cruise Line position peaked at $114M in Q1 2022.
636 funds tracked by Wall St. Rank held Norwegian Cruise Line as of Q1 2026.

Based on Bank of Montreal's 13F filing for Q1 2026, filed 13 May 2026.