Norwegian Cruise Line

NCLH

Market cap $8.93B

NCLH Hedge Fund Activity: Q1 2026 in Review

634 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Norwegian Cruise Line (NCLH) for Q1 2026, worth a combined $8.22B — down 5% from $8.65B a quarter earlier.

Buyers outnumbered sellers: 104 funds opened new NCLH positions and 96 closed out — a net gain of 8 holders — while 205 added to existing stakes and 178 trimmed.

The largest buyer was UBS Group, adding an estimated $398M. The largest seller was Capital International Investors, cutting an estimated $572M.

• 634 institutional investors held Norwegian Cruise Line (NCLH) as of Q1 2026, down from 643 in Q4 2025.
• Funds reported $8.22B of Norwegian Cruise Line stock for Q1 2026, down 5% quarter-over-quarter.
• 104 funds opened new Norwegian Cruise Line positions in Q1 2026 and 96 closed out, a net change of +8 holders.
• The largest Norwegian Cruise Line buyer in Q1 2026 was UBS Group, an estimated $398M added.
• The largest Norwegian Cruise Line seller in Q1 2026 was Capital International Investors, an estimated $572M sold.

Based on aggregated 13F filings for Q1 2026.