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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
VCM
151
Voleon Capital Management
California
$4.18M +$4.34M +78,000 New
Natixis Advisors
152
Natixis Advisors
Massachusetts
$4.12M -$316K -5,688 -7%
ACI
153
AMP Capital Investors
Australia
$4.07M -$1.35M -24,375 -24%
CCM
154
CWH Capital Management
Washington
$4.04M -$151K -2,715 -3%
AIG
155
American International Group
New York
$4.01M -$134K -2,415 -3%
KCM
156
Kornitzer Capital Management
Kansas
$4M +$559K +10,050 +16%
Susquehanna International Group
157
Susquehanna International Group
Pennsylvania
$3.98M +$3.74M +67,345 +994%
ProShare Advisors
158
ProShare Advisors
Maryland
$3.88M -$69K -1,242 -2%
MCM
159
Marsico Capital Management
Colorado
$3.84M -$1.17M -21,064 -23%
ACM
160
Altimeter Capital Management
Massachusetts
$3.75M
BPM
161
Bowling Portfolio Management
Ohio
$3.75M +$3.14M +56,509 +419%
GAM
162
Gotham Asset Management
New York
$3.72M -$12.9M -232,007 -77%
BCIM
163
British Columbia Investment Management
British Columbia, Canada
$3.71M -$2.09M -37,655 -35%
ACM
164
Advisors Capital Management
New Jersey
$3.6M +$106K +1,904 +3%
Stifel Financial
165
Stifel Financial
Missouri
$3.56M +$76.4K +1,374 +2%
Daiwa Securities Group
166
Daiwa Securities Group
Japan
$3.26M -$486K -8,750 -13%
NA
167
Neuburgh Advisers
California
$3.2M -$215K -3,876 -6%
MIM
168
MetLife Investment Management
New Jersey
$3.18M -$139K -2,500 -4%
Royal Bank of Canada
169
Royal Bank of Canada
Ontario, Canada
$3.17M -$200K -3,591 -6%
PI
170
PEAK6 Investments
Illinois
$3.16M +$3.27M +58,888 New
TJHA
171
Thomas J. Herzfeld Advisors
Florida
$3.05M
Grantham, Mayo, Van Otterloo & Co (GMO)
172
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$3.05M +$3.16M +56,936 New
SOADOR
173
State of Alaska Department of Revenue
Alaska
$2.91M -$53.8K -968 -2%
CFM
174
Coronation Fund Managers
South Africa
$2.85M +$2.95M +53,077 New
SG Americas Securities
175
SG Americas Securities
New York
$2.83M -$17.5M -314,825 -86%

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.