Graham Capital Management’s Norwegian Cruise Line NCLH Stock Holding History

Graham Capital 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 Q1	–	Sell	-60,000	Closed	-$1.34M	–	1400
2025 Q4	$1.34M	Buy	+60,000	New	+$1.27M	0.03%	321
2025 Q2	–	Sell	-35,317	Closed	-$670K	–	1500
2025 Q1	$670K	Sell	35,317 -213,787	-86%	-$5.15M	0.01%	690
2024 Q4	$6.41M	Buy	249,104 +151,705	+156%	+$3.83M	0.1%	90
2024 Q3	$2M	Buy	97,399 +41,224	+73%	+$749K	0.03%	274
2024 Q2	$1.06M	Buy	56,175 +9,814	+21%	+$172K	0.02%	406
2024 Q1	$970K	Buy	+46,361	New	+$843K	0.02%	433
2023 Q2	–	Sell	-96,052	Closed	-$1.29M	–	1186
2023 Q1	$1.29M	Buy	+96,052	New	+$1.44M	0.04%	414
2022 Q4	–	Sell	-76,783	Closed	-$872K	–	1230
2022 Q3	$872K	Buy	+76,783	New	+$1.01M	0.03%	540

Other funds holding NCLH

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

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

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

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

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

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

EIM

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

Graham Capital Management's NCLH Position: Q1 2026 in Review

Graham Capital Management sold out of Norwegian Cruise Line (NCLH) in Q1 2026, closing a stake of 60,000 shares — an estimated $1.34M sold.

Graham Capital Management first reported a position in NCLH in Q3 2022 and held it in 8 quarters. The position peaked at $6.41M in Q4 2024. 640 funds tracked by Wall St. Rank hold NCLH as of Q1 2026.

Graham Capital Management reported no remaining Norwegian Cruise Line position as of Q1 2026 after selling out during the quarter.
Graham Capital Management sold 60,000 Norwegian Cruise Line shares in Q1 2026, an estimated $1.34M.
Graham Capital Management first reported a position in Norwegian Cruise Line in Q3 2022 and held it in 8 quarters.
Graham Capital Management's Norwegian Cruise Line position peaked at $6.41M in Q4 2024.
640 funds tracked by Wall St. Rank held Norwegian Cruise Line as of Q1 2026.

Based on Graham Capital Management's 13F filing for Q1 2026, filed 15 May 2026.