Patient 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
2026 Q1	$108M	Buy	5,749,640 +441,512	+8%	+$9.65M	4.01%	10
2025 Q4	$118M	Buy	5,308,128 +743,257	+16%	+$15.7M	4.57%	8
2025 Q3	$112M	Sell	4,564,871 -143,708	-3%	-$3.49M	4.5%	7
2025 Q2	$95.5M	Buy	4,708,579 +1,118,486	+31%	+$20M	4.31%	8
2025 Q1	$68.1M	Buy	3,590,093 +1,106,284	+45%	+$26.6M	3.5%	12
2024 Q4	$63.9M	Sell	2,483,809 -318,141	-11%	-$8.04M	2.95%	16
2024 Q3	$57.5M	Sell	2,801,950 -35,058	-1%	-$637K	2.82%	16
2024 Q2	$53.3M	Buy	2,837,008 +423,748	+18%	+$7.44M	2.83%	15
2024 Q1	$50.5M	Sell	2,413,260 -120,325	-5%	-$2.19M	2.46%	17
2023 Q4	$50.8M	Sell	2,533,585 -1,012	-0%	-$16.2K	2.69%	13
2023 Q3	$41.8M	Sell	2,534,597 -563,997	-18%	-$10.4M	2.45%	22
2023 Q2	$67.5M	Buy	3,098,594 +2,603,994	+526%	+$39.9M	3.75%	9
2023 Q1	$6.65M	Sell	494,600 -8,500	-2%	-$127K	2.96%	14
2022 Q4	$6.16M	Buy	503,100 +37,850	+8%	+$570K	3.02%	13
2022 Q3	$5.29M	Buy	465,250 +10,000	+2%	+$132K	2.68%	16
2022 Q2	$5.06M	Sell	455,250 -35,850	-7%	-$601K	2.47%	18
2022 Q1	$10.7M	Sell	491,100 -17,700	-3%	-$362K	4.23%	5
2021 Q4	$10.6M	Buy	+508,800	New	+$12.2M	4.27%	6