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Norwegian Cruise Line

445 hedge funds and large institutions have $11B invested in Norwegian Cruise Line in 2019 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 165 increasing their positions, 161 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $61.5M | Put options by funds: $39.5M

28% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 50

1% more funds holding

Funds holding: 440445 (+5)

1.12% more ownership

Funds ownership: 94.57%95.69% (+1.1%)

2% more repeat investments, than reductions

Existing positions increased: 165 | Existing positions reduced: 161

3% less capital invested

Capital invested by funds: $11.3B → $11B (-$285M)

22% less funds holding in top 10

Funds holding in top 10: 97 (-2)

Holders
445
Holders Change
+5
Holders Change %
+1.14%
% of All Funds
9.67%
Holding in Top 10
7
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-22.22%
% of All Funds
0.15%
New
64
Increased
165
Reduced
161
Closed
50
Calls
$61.5M
Puts
$39.5M
Net Calls
+$22M
Net Calls Change
-$2.71M
Name Holding Trade Value Shares
Change
Change in
Stake
TRSOTSOK
251
Teachers Retirement System of the State of Kentucky
Kentucky
$1.15M -$15.3M -275,319 -93%
KCM
252
Kendall Capital Management
Maryland
$1.15M +$109K +1,970 +10%
SSA
253
Schonfeld Strategic Advisors
New York
$1.14M -$1.6M -28,700 -57%
CIBC Asset Management
254
CIBC Asset Management
Ontario, Canada
$1.14M +$11.5K +207 +1%
Los Angeles Capital Management
255
Los Angeles Capital Management
California
$1.12M +$410K +7,371 +55%
AIM
256
Achmea Investment Management
Netherlands
$1.08M +$1.12M +20,163 New
PNC Financial Services Group
257
PNC Financial Services Group
Pennsylvania
$1.08M +$51.7K +930 +5%
Axa
258
Axa
France
$1.04M +$1.08M +19,457 New
MERSOM
259
Municipal Employees' Retirement System of Michigan
Michigan
$1.02M +$61.1K +1,100 +6%
CGH
260
Crossmark Global Holdings
Texas
$1M +$14.8K +267 +1%
LCM
261
Logan Capital Management
Pennsylvania
$966K +$2.22K +40 +0.2%
NMERB
262
New Mexico Educational Retirement Board
New Mexico
$955K -$27.8K -500 -3%
Mirae Asset Global Investments
263
Mirae Asset Global Investments
South Korea
$951K -$263K -4,734 -21%
PSP
264
Principal Street Partners
Tennessee
$937K +$382K +6,869 +65%
PP
265
Paloma Partners
Connecticut
$931K -$561K -10,096 -37%
S
266
Seeyond
France
$922K +$19.4K +349 +2%
Commonwealth Equity Services
267
Commonwealth Equity Services
Massachusetts
$919K +$135K +2,436 +17%
NAM
268
Nissay Asset Management
Japan
$905K -$44.8K -806 -5%
CIA
269
Cascade Investment Advisors
Oregon
$902K +$9.73K +175 +1%
CCA
270
Catalyst Capital Advisors
New York
$890K +$923K +16,600 New
Tudor Investment Corp
271
Tudor Investment Corp
Connecticut
$881K +$913K +16,427 New
CCM
272
Condor Capital Management
New Jersey
$854K +$885K +15,930 New
RIM
273
Rampart Investment Management
Connecticut
$848K -$138K -2,475 -14%
CAM
274
Cozad Asset Management
Illinois
$819K +$33.3K +600 +4%
WB
275
WesBanco Bank
West Virginia
$815K +$38.9K +700 +5%

NCLH Hedge Fund Activity: Q2 2019 in Review

445 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Norwegian Cruise Line (NCLH) for Q2 2019, worth a combined $11B — down 2.5% from $11.3B a quarter earlier.

Buyers outnumbered sellers: 64 funds opened new NCLH positions and 50 closed out — a net gain of 14 holders — while 165 added to existing stakes and 161 trimmed.

The largest buyer was Capital World Investors, adding an estimated $226M. The largest seller was Eminence Capital, exiting entirely with an estimated $121M sold.

  • 445 institutional investors held Norwegian Cruise Line (NCLH) as of Q2 2019, up from 440 in Q1 2019.
  • Funds reported $11B of Norwegian Cruise Line stock for Q2 2019, down 2.5% quarter-over-quarter.
  • 64 funds opened new Norwegian Cruise Line positions in Q2 2019 and 50 closed out, a net change of +14 holders.
  • The largest Norwegian Cruise Line buyer in Q2 2019 was Capital World Investors, an estimated $226M added.
  • The largest Norwegian Cruise Line seller in Q2 2019 was Eminence Capital, an estimated $121M sold.

Based on aggregated 13F filings for Q2 2019.