Caption Management’s Norwegian Cruise Line NCLH Stock Holding History

Caption Management’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 Q2	$12.2M	Buy	+580,000	New	+$10.8M	0.06%	343
2025 Q3	–	Sell	-60,000	Closed	-$1.22M	–	1918
2025 Q2	$1.22M	Hold	60,000	–	–	0.01%	881
2025 Q1	$1.14M	Buy	+60,000	New	+$1.44M	0.01%	872
2024 Q1	–	Sell	-179,800	Closed	-$3.6M	–	1530
2023 Q4	$3.6M	Hold	179,800	–	–	0.05%	446
2023 Q3	$2.96M	Hold	179,800	–	–	0.05%	483
2023 Q2	$3.91M	Hold	179,800	–	–	0.07%	343
2023 Q1	$2.42M	Sell	179,800 -400	-0.2%	-$5.99K	0.05%	398
2022 Q4	$2.21M	Hold	180,200	–	–	0.03%	538
2022 Q3	$2.05M	Buy	180,200 +148,000	+460%	+$1.95M	0.03%	636
2022 Q2	$358K	Buy	+32,200	New	+$540K	﹤0.01%	1143
2021 Q4	–	Sell	-144,200	Closed	-$3.85M	–	1825
2021 Q3	$3.85M	Buy	+144,200	New	+$3.67M	0.04%	547

Other funds holding NCLH

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

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

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

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

Barclays London, United Kingdom $521B AUM 51.41% 1-Year Est. Return

Ariel Investments Chicago, Illinois $10B AUM 42.59% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $495B AUM 43.24% 1-Year Est. Return

EIM

Elliott Investment Management West Palm Beach, Florida $22.7B AUM 59.88% 1-Year Est. Return

Caption Management's NCLH Position: Q3 2025 in Review

Caption Management sold out of Norwegian Cruise Line (NCLH) in Q3 2025, closing a stake of 12,300 shares — an estimated $249K sold.

Caption Management first reported a position in NCLH in Q2 2022 and held it in 8 quarters. The position peaked at $7.36M in Q4 2023. 645 funds tracked by Wall St. Rank hold NCLH as of Q3 2025.

Caption Management reported no remaining Norwegian Cruise Line position as of Q3 2025 after selling out during the quarter.
Caption Management sold 12,300 Norwegian Cruise Line shares in Q3 2025, an estimated $249K.
Caption Management first reported a position in Norwegian Cruise Line in Q2 2022 and held it in 8 quarters.
Caption Management's Norwegian Cruise Line position peaked at $7.36M in Q4 2023.
645 funds tracked by Wall St. Rank held Norwegian Cruise Line as of Q3 2025.

Based on Caption Management's 13F filing for Q3 2025, filed 14 Nov 2025.