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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
TCG
51
Tremblant Capital Group
Florida
$30M +$25.2M +453,732 +428%
TD Asset Management
52
TD Asset Management
Ontario, Canada
$28.8M -$1.82M -32,673 -6%
Millennium Management
53
Millennium Management
New York
$25.3M -$2.31M -41,612 -8%
New York State Common Retirement Fund
54
New York State Common Retirement Fund
New York
$25.2M +$3.8M +68,450 +17%
Neuberger Berman Group
55
Neuberger Berman Group
New York
$24.9M -$145K -2,611 -0.6%
Russell Investments Group
56
Russell Investments Group
United Kingdom
$24.3M -$13.9M -250,792 -35%
MC
57
MIG Capital
California
$23.9M -$25.4M -456,236 -51%
MDSL
58
M.D. Sass LLC
New York
$23.7M -$6.47M -116,437 -21%
Morgan Stanley
59
Morgan Stanley
New York
$21.1M +$1.55M +27,905 +8%
Nomura Holdings
60
Nomura Holdings
Japan
$20.6M +$14.8M +265,728 +214%
Barclays
61
Barclays
United Kingdom
$20.1M -$682K -12,272 -3%
AllianceBernstein
62
AllianceBernstein
Tennessee
$20.1M -$12.8M -229,559 -38%
Marshall Wace
63
Marshall Wace
United Kingdom
$19.1M -$978K -17,596 -5%
CM
64
CS McKee
Pennsylvania
$18.9M -$789K -14,200 -4%
Prudential Financial
65
Prudential Financial
New Jersey
$18.8M -$32.6M -586,843 -63%
BCMNY
66
Buckingham Capital Management (New York)
New York
$18.7M -$3.96M -71,324 -17%
RhumbLine Advisers
67
RhumbLine Advisers
Massachusetts
$18.6M +$71.9K +1,293 +0.4%
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$18.5M -$318K -5,722 -2%
LSV Asset Management
69
LSV Asset Management
Illinois
$18.5M +$19.2M +345,000 New
Schroder Investment Management Group
70
Schroder Investment Management Group
United Kingdom
$17.2M +$17.4M +313,136 +4,292%
Principal Financial Group
71
Principal Financial Group
Iowa
$17.2M -$16.9M -303,498 -49%
California Public Employees Retirement System
72
California Public Employees Retirement System
California
$17.1M +$1.35M +24,334 +8%
First Trust Advisors
73
First Trust Advisors
Illinois
$17M -$3.99M -71,864 -18%
State of Wisconsin Investment Board
74
State of Wisconsin Investment Board
Wisconsin
$16.8M +$8.38M +150,775 +93%
VRS
75
Virginia Retirement Systems
Virginia
$16.1M +$9.73M +175,000 +139%

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.