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Norwegian Cruise Line
NCLH

427 hedge funds and large institutions have $10.6B invested in Norwegian Cruise Line in 2019 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 148 increasing their positions, 178 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more call options, than puts

Call options by funds: $33.2M | Put options by funds: $31.2M

0.35% less ownership

Funds ownership: 95.69% → 95.34% (-0.35%)

3% less capital invested

Capital invested by funds: $11B → $10.6B (-$378M)

4% less funds holding

Funds holding: 445 → 427 (-18)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

17% less repeat investments, than reductions

Existing positions increased: 148 | Existing positions reduced: 178

28% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 61

Holders
427
Holders Change
-18
Holders Change %
-4.04%
% of All Funds
9.36%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.13%
New
44
Increased
148
Reduced
178
Closed
61
Calls
$33.2M
Puts
$31.2M
Net Calls
+$2.01M
Net Calls Change
-$20M

Top Buyers

1
AQR Capital Management
AQR Capital Management
Connecticut
+$131M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$118M
3
Renaissance Technologies
Renaissance Technologies
New York
+$92M
4
Morgan Stanley
Morgan Stanley
New York
+$50M
5
Invesco
Invesco
Georgia
+$41.5M

Top Sellers

1
USAA
United Services Automobile Association
Texas
-$99M
2
HVCM
HG Vora Capital Management
New York
-$68.5M
3
VOYA Investment Management
VOYA Investment Management
Georgia
-$67.2M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$55.4M
5
Ameriprise
Ameriprise
Minnesota
-$53M
Name Holding Trade Value Shares
Change 		Change in
Stake
State of Tennessee, Department of Treasury
126
State of Tennessee, Department of Treasury
Tennessee
$6.05M -$4M -78,824 -40%
Korea Investment Corp
127
Korea Investment Corp
South Korea
$5.88M -$25.4K -500 -0.4%
NA
128
Neuburgh Advisers
California
$5.86M +$2.71M +53,516 +90%
DnB Asset Management
129
DnB Asset Management
Norway
$5.77M +$156K +3,076 +3%
Truist Financial
130
Truist Financial
North Carolina
$5.76M -$89.8K -1,771 -2%
ACM
131
Altimeter Capital Management
Massachusetts
$5.7M +$2.03M +40,000 +57%
SOADOR
132
State of Alaska Department of Revenue
Alaska
$5.67M +$2.81M +55,345 +102%
WAM
133
Winslow Asset Management
Ohio
$5.66M -$731K -14,418 -12%
AAF
134
Andra AP-fonden
Sweden
$5.65M -$157K -3,100 -3%
Creative Planning
135
Creative Planning
Kansas
$5.63M -$93.8K -1,850 -2%
Ameriprise
136
Ameriprise
Minnesota
$5.46M -$53M -1,044,826 -91%
Aberdeen Group
137
Aberdeen Group
United Kingdom
$5.32M -$120K -2,375 -2%
CI
138
Capital International
California
$5.28M +$2.77M +54,598 +115%
HSBC Holdings
139
HSBC Holdings
United Kingdom
$5.23M -$7.63M -150,393 -60%
Citadel Advisors
140
Citadel Advisors
Florida
$5.22M -$39.7M -782,733 -89%
BAM
141
Blueshift Asset Management
New Jersey
$5.09M +$4.98M +98,267 New
ASRS
142
Arizona State Retirement System
Arizona
$5.07M +$283K +5,588 +6%
Retirement Systems of Alabama
143
Retirement Systems of Alabama
Alabama
$4.89M -$307K -6,046 -6%
FCM
144
Flinton Capital Management
Pennsylvania
$4.83M +$2.24M +44,072 +90%
Royal London Asset Management
145
Royal London Asset Management
United Kingdom
$4.41M +$4.32M +85,242 New
SG Americas Securities
146
SG Americas Securities
New York
$4.29M +$1.53M +30,163 +57%
PG
147
Pendal Group
Australia
$4.27M +$4.18M +82,407 New
Susquehanna International Group
148
Susquehanna International Group
Pennsylvania
$4.27M +$421K +8,294 +11%
OPERF
149
Oregon Public Employees Retirement Fund
Oregon
$4.18M -$60.7K -1,196 -1%
N
150
Natixis
France
$4.05M -$7.3M -143,853 -65%
4 5
6
7 8

NCLH Hedge Fund Activity: Q3 2019 in Review

427 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Norwegian Cruise Line (NCLH) for Q3 2019, worth a combined $10.6B — down 3.4% from $11B a quarter earlier.

Sellers outnumbered buyers: 61 funds closed out of NCLH and 44 opened new positions — a net loss of 17 holders — while 178 trimmed existing stakes and 148 added.

The largest buyer was AQR Capital Management, adding an estimated $131M. The largest seller was United Services Automobile Association, cutting an estimated $99M.

  • 427 institutional investors held Norwegian Cruise Line (NCLH) as of Q3 2019, down from 445 in Q2 2019.
  • Funds reported $10.6B of Norwegian Cruise Line stock for Q3 2019, down 3.4% quarter-over-quarter.
  • 44 funds opened new Norwegian Cruise Line positions in Q3 2019 and 61 closed out, a net change of -17 holders.
  • The largest Norwegian Cruise Line buyer in Q3 2019 was AQR Capital Management, an estimated $131M added.
  • The largest Norwegian Cruise Line seller in Q3 2019 was United Services Automobile Association, an estimated $99M sold.

Based on aggregated 13F filings for Q3 2019.