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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
CG
301
Cutler Group
California
$557K +$458K +8,235 +381%
Assenagon Asset Management
302
Assenagon Asset Management
Luxembourg
$542K -$161K -2,900 -22%
LSERS
303
Louisiana State Employees Retirement System
Louisiana
$538K -$38.9K -700 -6%
CBT
304
Capital Bank & Trust
California
$538K
KRS
305
Kentucky Retirement Systems
Kentucky
$538K +$28.6K +515 +5%
GCP
306
GSA Capital Partners
United Kingdom
$523K +$82.6K +1,487 +18%
BCM
307
Bayesian Capital Management
New York
$518K -$395K -7,100 -42%
RA
308
Rational Advisors
New York
$493K +$511K +9,200 New
GIA
309
Gateway Investment Advisers
Ohio
$473K -$29.2K -525 -6%
LIA
310
LS Investment Advisors
Michigan
$467K +$6.39K +115 +1%
SC
311
SRB Corp
Massachusetts
$462K -$246K -4,430 -34%
PCM
312
Perritt Capital Management
Illinois
$457K
LWAC
313
Laurel Wealth Advisors (California)
California
$438K -$84.1K -1,513 -16%
FPA
314
First Pacific Advisors
California
$434K
Verition Fund Management
315
Verition Fund Management
Connecticut
$429K +$445K +8,000 New
SO
316
STRS Ohio
Ohio
$427K +$150K +2,697 +51%
Fifth Third Bancorp
317
Fifth Third Bancorp
Ohio
$417K -$89.1K -1,603 -17%
TC
318
Truvestments Capital
Florida
$411K +$113K +2,040 +36%
RC
319
RegentAtlantic Capital
New Jersey
$410K +$118K +2,126 +39%
MML Investors Services
320
MML Investors Services
Massachusetts
$391K +$405K +7,283 New
PAM
321
Panagora Asset Management
Massachusetts
$385K -$6.28K -113 -2%
PA
322
Profund Advisors
Maryland
$378K +$73.8K +1,328 +23%
ERSOT
323
Employees Retirement System of Texas
Texas
$375K -$55.6K -1,000 -13%
AA
324
ALPS Advisors
Colorado
$371K -$20.2K -364 -5%
AIM
325
Axiom Investment Management
New York
$371K +$4.33K +78 +1%

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.