Norwegian Cruise Line
NCLH
427 hedge funds and large institutions have $10.6B invested in Norwegian Cruise Line in 2019 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 148 increasing their positions, 178 reducing their positions, and 61 closing their positions.
6% more call options, than puts
Call options by funds: $33.2M | Put options by funds: $31.2M
0.35% less ownership
Funds ownership: 95.69% → 95.34% (-0.35%)
3% less capital invested
Capital invested by funds: $11B → $10.6B (-$378M)
4% less funds holding
Funds holding: 445 → 427 (-18)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
17% less repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 178
28% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$131M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
+$118M |
| 3 |
Renaissance Technologies
New York
|
+$92M |
| 4 |
Morgan Stanley
New York
|
+$50M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$41.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$99M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
-$68.5M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$67.2M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$55.4M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$53M |
NCLH Hedge Fund Activity: Q3 2019 in Review
427 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Norwegian Cruise Line (NCLH) for Q3 2019, worth a combined $10.6B — down 3.4% from $11B a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of NCLH and 44 opened new positions — a net loss of 17 holders — while 178 trimmed existing stakes and 148 added.
The largest buyer was AQR Capital Management, adding an estimated $131M. The largest seller was United Services Automobile Association, cutting an estimated $99M.
- 427 institutional investors held Norwegian Cruise Line (NCLH) as of Q3 2019, down from 445 in Q2 2019.
- Funds reported $10.6B of Norwegian Cruise Line stock for Q3 2019, down 3.4% quarter-over-quarter.
- 44 funds opened new Norwegian Cruise Line positions in Q3 2019 and 61 closed out, a net change of -17 holders.
- The largest Norwegian Cruise Line buyer in Q3 2019 was AQR Capital Management, an estimated $131M added.
- The largest Norwegian Cruise Line seller in Q3 2019 was United Services Automobile Association, an estimated $99M sold.
Based on aggregated 13F filings for Q3 2019.