Dark Forest Capital 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	-16,198	Closed	-$328K	–	1375
2025 Q2	$328K	Sell	16,198 -33,771	-68%	-$604K	0.01%	1014
2025 Q1	$947K	Buy	49,969 +26,448	+112%	+$637K	0.04%	715
2024 Q4	$605K	Sell	23,521 -5,979	-20%	-$151K	0.09%	355
2024 Q3	$605K	Buy	+29,500	New	+$536K	0.08%	308
2023 Q2	–	Sell	-1,346	Closed	-$18.1K	–	1268
2023 Q1	$18.1K	Buy	1,346 +586	+77%	+$8.77K	﹤0.01%	979
2022 Q4	$9.3K	Buy	+760	New	+$11.4K	﹤0.01%	763
2022 Q2	–	Sell	-249	Closed	-$5K	–	1207
2022 Q1	$5K	Buy	+249	New	+$5.09K	﹤0.01%	1103
2021 Q4	–	Sell	-5,700	Closed	-$152K	–	1666
2021 Q3	$152K	Buy	5,700 +579	+11%	+$14.7K	0.05%	287
2021 Q2	$151K	Buy	+5,121	New	+$154K	0.07%	228