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Norwegian Cruise Line
NCLH

440 hedge funds and large institutions have $11.3B invested in Norwegian Cruise Line in 2019 Q1 according to their latest regulatory filings, with 63 funds opening new positions, 174 increasing their positions, 142 reducing their positions, and 54 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more call options, than puts

Call options by funds: $55.8M | Put options by funds: $31.2M

30% more capital invested

Capital invested by funds: $8.72B → $11.3B (+$2.58B)

23% more repeat investments, than reductions

Existing positions increased: 174 | Existing positions reduced: 142

17% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 54

13% more funds holding in top 10

Funds holding in top 10: 8 → 9 (+1)

1% more funds holding

Funds holding: 437 → 440 (+3)

0.65% more ownership

Funds ownership: 93.92% → 94.57% (+0.65%)

Holders
440
Holders Change
+3
Holders Change %
+0.69%
% of All Funds
9.52%
Holding in Top 10
9
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+12.5%
% of All Funds
0.19%
New
63
Increased
174
Reduced
142
Closed
54
Calls
$55.8M
Puts
$31.2M
Net Calls
+$24.7M
Net Calls Change
+$3.53M

Top Buyers

1
HVCM
HG Vora Capital Management
New York
+$134M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$83.9M
3
JP Morgan Chase
JP Morgan Chase
New York
+$79.5M
4
Renaissance Technologies
Renaissance Technologies
New York
+$56.5M
5
AQR Capital Management
AQR Capital Management
Connecticut
+$49.4M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$253M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
-$82.4M
3
LCM
Laurion Capital Management
New York
-$51M
4
CGM
Capital Growth Management
Massachusetts
-$49.4M
5
Two Sigma Investments
Two Sigma Investments
New York
-$48.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity International
26
Fidelity International
Bermuda
$82.5M +$2.18M +42,374 +3%
Two Sigma Advisers
27
Two Sigma Advisers
New York
$77M +$3.84M +74,500 +6%
Renaissance Technologies
28
Renaissance Technologies
New York
$73.2M +$56.5M +1,096,800 +468%
Man Group
29
Man Group
United Kingdom
$73.1M +$36.2M +702,048 +112%
Legal & General Group
30
Legal & General Group
United Kingdom
$72.5M +$12.8M +248,222 +23%
Thrivent Financial for Lutherans
31
Thrivent Financial for Lutherans
Minnesota
$69.4M +$48.8M +947,736 +301%
BAMCO Inc
32
BAMCO Inc
New York
$63.9M +$12.3M +238,065 +26%
Ameriprise
33
Ameriprise
Minnesota
$62.8M +$111K +2,144 +0.2%
Two Sigma Investments
34
Two Sigma Investments
New York
$59.4M -$48.3M -937,521 -46%
Deutsche Bank
35
Deutsche Bank
Germany
$56.2M +$6.91M +134,033 +15%
VOYA Investment Management
36
VOYA Investment Management
Georgia
$55.2M +$46.6M +904,678 +899%
Prudential Financial
37
Prudential Financial
New Jersey
$51.5M -$6.18M -119,856 -11%
JWBC
38
John W. Bristol & Co
New York
$50.8M -$133K -2,577 -0.3%
Charles Schwab
39
Charles Schwab
California
$49.8M +$1.78M +34,597 +4%
MC
40
MIG Capital
California
$49.6M – – –
Point72 Asset Management
41
Point72 Asset Management
Connecticut
$49.4M -$82.4M -1,598,496 -64%
Bank of America
42
Bank of America
North Carolina
$46.6M -$253M -4,915,604 -85%
GC
43
GMT Capital
Georgia
$42.8M +$9.03M +175,100 +29%
Swiss National Bank
44
Swiss National Bank
Switzerland
$40.3M +$1.15M +22,300 +3%
TCIM
45
TIAA CREF Investment Management
New York
$39.8M +$15.1M +293,636 +68%
Goldman Sachs
46
Goldman Sachs
New York
$39.1M -$1.44M -27,994 -4%
Russell Investments Group
47
Russell Investments Group
United Kingdom
$38.8M +$6.91M +133,998 +23%
PPA
48
Parametric Portfolio Associates
Washington
$38.1M +$993K +19,267 +3%
FAM
49
Fred Alger Management
New York
$37.6M +$1.49M +28,894 +4%
WCM
50
Wedge Capital Management
North Carolina
$36.4M +$34.2M +662,898 New
1
2
3 4 5

NCLH Hedge Fund Activity: Q1 2019 in Review

440 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Norwegian Cruise Line (NCLH) for Q1 2019, worth a combined $11.3B — up 30% from $8.72B a quarter earlier.

Buyers outnumbered sellers: 63 funds opened new NCLH positions and 54 closed out — a net gain of 9 holders — while 174 added to existing stakes and 142 trimmed.

The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $134M. The largest seller was Bank of America, cutting an estimated $253M.

  • 440 institutional investors held Norwegian Cruise Line (NCLH) as of Q1 2019, up from 437 in Q4 2018.
  • Funds reported $11.3B of Norwegian Cruise Line stock for Q1 2019, up 30% quarter-over-quarter.
  • 63 funds opened new Norwegian Cruise Line positions in Q1 2019 and 54 closed out, a net change of +9 holders.
  • The largest Norwegian Cruise Line buyer in Q1 2019 was HG Vora Capital Management, an estimated $134M added.
  • The largest Norwegian Cruise Line seller in Q1 2019 was Bank of America, an estimated $253M sold.

Based on aggregated 13F filings for Q1 2019.