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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$134M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$83.9M |
| 3 |
JP Morgan Chase
New York
|
+$79.5M |
| 4 |
Renaissance Technologies
New York
|
+$56.5M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$49.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$253M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$82.4M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$51M |
| 4 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$49.4M |
| 5 |
Two Sigma Investments
New York
|
-$48.3M |
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.