National Bank of Canada
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National Bank of Canada’s Norwegian Cruise Line NCLH Stock Holding History

National Bank of Canada’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 		$43.3M Sell
2,314,013
-1,152,044
-33% -$25.2M 0.04% 309
2025
Q4 		$77.4M Buy
3,466,057
+3,229,014
+1,362% +$68.2M 0.07% 232
2025
Q3 		$5.84M Sell
237,043
-62,569
-21% -$1.52M 0.01% 849
2025
Q2 		$6.08M Buy
299,612
+74,539
+33% +$1.33M 0.01% 908
2025
Q1 		$4.27M Sell
225,073
-26,070
-10% -$628K ﹤0.01% 925
2024
Q4 		$6.46M Buy
251,143
+204,407
+437% +$5.17M 0.01% 911
2024
Q3 		$959K Buy
46,736
+13,678
+41% +$248K ﹤0.01% 1114
2024
Q2 		$584K Sell
33,058
-945
-3% -$16.6K ﹤0.01% 1147
2024
Q1 		$547K Sell
34,003
-1,302
-4% -$23.7K ﹤0.01% 1224
2023
Q4 		$647K Sell
35,305
-1,169
-3% -$18.8K ﹤0.01% 1228
2023
Q3 		$598K Sell
36,474
-499
-1% -$9.21K ﹤0.01% 1313
2023
Q2 		$804K Sell
36,973
-2,837
-7% -$43.4K ﹤0.01% 1199
2023
Q1 		$549K Sell
39,810
-3,236
-8% -$48.4K ﹤0.01% 1196
2022
Q4 		$527K Sell
43,046
-7,812
-15% -$118K ﹤0.01% 1253
2022
Q3 		$576K Buy
50,858
+6,299
+14% +$83K ﹤0.01% 1130
2022
Q2 		$495K Buy
44,559
+2,843
+7% +$47.7K ﹤0.01% 1214
2022
Q1 		$902K Buy
41,716
+3,432
+9% +$70.1K ﹤0.01% 1155
2021
Q4 		$794K Buy
+38,284
New +$916K ﹤0.01% 1127

Other funds holding NCLH

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Capital International Investors
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
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Barclays
Barclays London, United Kingdom $416B AUM 33.63% 1-Year Est. Return
AI
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

National Bank of Canada's NCLH Position: Q1 2026 in Review

National Bank of Canada reduced its Norwegian Cruise Line (NCLH) stake by 33% in Q1 2026, selling an estimated $25.2M and leaving 2,314,013 shares worth $43.3M. The position accounts for 0.04% of the portfolio, ranked #309.

National Bank of Canada first reported a position in NCLH in Q4 2021 and has held it in 18 quarters since. The position peaked at $77.4M in Q4 2025. 635 funds tracked by Wall St. Rank hold NCLH as of Q1 2026.

  • National Bank of Canada held 2,314,013 shares of Norwegian Cruise Line worth $43.3M as of Q1 2026.
  • National Bank of Canada sold 1,152,044 Norwegian Cruise Line shares in Q1 2026, an estimated $25.2M.
  • Norwegian Cruise Line made up 0.04% of National Bank of Canada's portfolio in Q1 2026, its #309 holding.
  • National Bank of Canada first reported a position in Norwegian Cruise Line in Q4 2021 and has held it in 18 quarters since.
  • National Bank of Canada's Norwegian Cruise Line position peaked at $77.4M in Q4 2025.
  • 635 funds tracked by Wall St. Rank held Norwegian Cruise Line as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.