Caption Management’s Norwegian Cruise Line NCLH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-50,000	Closed	-$1.01M	–	2140
2025 Q2	$1.01M	Sell	50,000 -130,000	-72%	-$2.33M	0.09%	931
2025 Q1	$3.41M	Buy	180,000 +30,000	+20%	+$722K	0.16%	512
2024 Q4	$3.86M	Buy	150,000 +50,000	+50%	+$1.26M	0.16%	456
2024 Q3	$2.05M	Buy	+100,000	New	+$1.82M	0.22%	546
2024 Q1	–	Sell	-790,900	Closed	-$15.8M	–	1753
2023 Q4	$15.8M	Sell	790,900 -220,000	-22%	-$3.53M	1.72%	117
2023 Q3	$16.7M	Buy	1,010,900 +220,000	+28%	+$4.06M	2.15%	87
2023 Q2	$17.2M	Hold	790,900	–	–	3.03%	71
2023 Q1	$10.6M	Sell	790,900 -224,100	-22%	-$3.35M	2.28%	118
2022 Q4	$12.4M	Buy	1,015,000 +5,000	+0.5%	+$75.3K	2.09%	128
2022 Q3	$11.5M	Buy	1,010,000 +210,000	+26%	+$2.77M	2.02%	140
2022 Q2	$8.9M	Buy	800,000 +686,000	+602%	+$11.5M	0.8%	214
2022 Q1	$2.5M	Sell	114,000 -39,000	-25%	-$797K	0.17%	672
2021 Q4	$3.17M	Sell	153,000 -144,200	-49%	-$3.45M	0.2%	620
2021 Q3	$7.94M	Sell	297,200 -376,000	-56%	-$9.57M	0.52%	293
2021 Q2	$19.8M	Buy	+673,200	New	+$20.3M	1.78%	86
2018 Q2	–	Sell	-50,000	Closed	-$2.65M	–	504
2018 Q1	$2.65M	Buy	+50,000	New	+$2.84M	1.7%	84