We are live on ! Find out more
NCLH icon

Norwegian Cruise Line
NCLH

616 hedge funds and large institutions have $7.19B invested in Norwegian Cruise Line in 2025 Q2 according to their latest regulatory filings, with 81 funds opening new positions, 227 increasing their positions, 182 reducing their positions, and 101 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more funds holding in top 10

Funds holding in top 10: 5 → 8 (+3)

25% more repeat investments, than reductions

Existing positions increased: 227 | Existing positions reduced: 182

7% more capital invested

Capital invested by funds: $6.71B → $7.19B (+$488M)

1.06% less ownership

Funds ownership: 80.44% → 79.38% (-1.1%)

4% less funds holding

Funds holding: 643 → 616 (-27)

14% less call options, than puts

Call options by funds: $416M | Put options by funds: $483M

20% less first-time investments, than exits

New positions opened: 81 | Existing positions closed: 101

Holders
616
Holders Change
-27
Holders Change %
-4.2%
% of All Funds
8.11%
Holding in Top 10
8
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+60%
% of All Funds
0.11%
New
81
Increased
227
Reduced
182
Closed
101
Calls
$416M
Puts
$483M
Net Calls
-$67.6M
Net Calls Change
+$89.7M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$61.8M
2
AI
Ariel Investments
Illinois
+$58.8M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$57.1M
4
Millennium Management
Millennium Management
New York
+$56.1M
5
IP
Interval Partners
New York
+$52.2M

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$140M
2
Capital International Investors
Capital International Investors
California
-$64.6M
3
Morgan Stanley
Morgan Stanley
New York
-$61.4M
4
Renaissance Technologies
Renaissance Technologies
New York
-$59.9M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
-$37.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
FS
551
Financially Speaking
Colorado
$2.03K – – –
FNWA
552
Financial Network Wealth Advisors
Utah
$2.03K – – –
FFC
553
First Financial Corp
Indiana
$2.03K – – –
FUBT
554
First United Bank & Trust
Maryland
$2.03K – – –
FGA
555
Fortis Group Advisors
New Jersey
$2.03K – – –
HC
556
Hurley Capital
New York
$2.03K – – –
KTC
557
Kentucky Trust Company
Kentucky
$2.03K – – –
MWM
558
Mascoma Wealth Management
New Hampshire
$2.03K – – –
NECFA
559
New England Capital Financial Advisors
Connecticut
$2.03K – – –
OC
560
Oakworth Capital
Alabama
$2.03K – – –
PA
561
Pineridge Advisors
Missouri
$2.03K – – –
PWAM
562
Private Wealth Asset Management
Iowa
$2.03K – – –
SC
563
Swan Capital
Florida
$2.03K – – –
WPA
564
Wealth Preservation Advisors
Tennessee
$2.03K – – –
WFA
565
West Financial Advisors
Iowa
$2.03K – – –
BWM
566
Bernard Wealth Management
Michigan
$2.03K +$1.79K +100 New
FPF
567
First Pacific Financial
Washington
$2.03K +$1.79K +100 New
FIM
568
FWL Investment Management
Texas
$2.03K +$1.79K +100 New
GFA
569
Gladwyn Financial Advisors
Virginia
$2.03K +$1.79K +100 New
IWM
570
Inlight Wealth Management
Georgia
$2.03K +$1.79K +100 New
MAWAG
571
Mid-American Wealth Advisory Group
Missouri
$2.03K +$1.79K +100 New
ATC
572
Adirondack Trust Company
New York
$2.03K – – –
RBC
573
Roble Belko & Company
Pennsylvania
$2K – – –
SC
574
Sawyer & Company
Massachusetts
$2K – – –
TFGT
575
TS Financial Group (TSFG)
Illinois
$2K – – –
21 22
23
24 25

NCLH Hedge Fund Activity: Q2 2025 in Review

616 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Norwegian Cruise Line (NCLH) for Q2 2025, worth a combined $7.19B — up 7.3% from $6.71B a quarter earlier.

Sellers outnumbered buyers: 101 funds closed out of NCLH and 81 opened new positions — a net loss of 20 holders — while 182 trimmed existing stakes and 227 added.

The largest buyer was Citadel Advisors, adding an estimated $61.8M. The largest seller was Baillie Gifford & Co, exiting entirely with an estimated $140M sold.

  • 616 institutional investors held Norwegian Cruise Line (NCLH) as of Q2 2025, down from 643 in Q1 2025.
  • Funds reported $7.19B of Norwegian Cruise Line stock for Q2 2025, up 7.3% quarter-over-quarter.
  • 81 funds opened new Norwegian Cruise Line positions in Q2 2025 and 101 closed out, a net change of -20 holders.
  • The largest Norwegian Cruise Line buyer in Q2 2025 was Citadel Advisors, an estimated $61.8M added.
  • The largest Norwegian Cruise Line seller in Q2 2025 was Baillie Gifford & Co, an estimated $140M sold.

Based on aggregated 13F filings for Q2 2025.