Norwegian Cruise Line
NCLH
399 hedge funds and large institutions have $1.71B invested in Norwegian Cruise Line in 2020 Q1 according to their latest regulatory filings, with 112 funds opening new positions, 132 increasing their positions, 121 reducing their positions, and 160 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 121
12% less funds holding
Funds holding: 454 → 399 (-55)
24.23% less ownership
Funds ownership: 96.34% → 72.11% (-24%)
30% less first-time investments, than exits
New positions opened: 112 | Existing positions closed: 160
35% less call options, than puts
Call options by funds: $43.3M | Put options by funds: $67.1M
83% less funds holding in top 10
Funds holding in top 10: 6 → 1 (-5)
86% less capital invested
Capital invested by funds: $12B → $1.71B (-$10.3B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Causeway Capital Management
Los Angeles,
California
|
+$267M |
| 2 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$114M |
| 3 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$91.9M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$80.3M |
| 5 |
PIM
Platinum Investment Management
Sydney Australia 2000,
Australia
|
+$61.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$509M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$474M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$404M |
| 4 |
Renaissance Technologies
New York
|
-$150M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$120M |
NCLH Hedge Fund Activity: Q1 2020 in Review
399 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Norwegian Cruise Line (NCLH) for Q1 2020, worth a combined $1.71B — down 86% from $12B a quarter earlier.
Sellers outnumbered buyers: 160 funds closed out of NCLH and 112 opened new positions — a net loss of 48 holders — while 121 trimmed existing stakes and 132 added.
The largest buyer was Causeway Capital Management, opening a new position worth an estimated $267M. The largest seller was Capital World Investors, cutting an estimated $509M.
- 399 institutional investors held Norwegian Cruise Line (NCLH) as of Q1 2020, down from 454 in Q4 2019.
- Funds reported $1.71B of Norwegian Cruise Line stock for Q1 2020, down 86% quarter-over-quarter.
- 112 funds opened new Norwegian Cruise Line positions in Q1 2020 and 160 closed out, a net change of -48 holders.
- The largest Norwegian Cruise Line buyer in Q1 2020 was Causeway Capital Management, an estimated $267M added.
- The largest Norwegian Cruise Line seller in Q1 2020 was Capital World Investors, an estimated $509M sold.
Based on aggregated 13F filings for Q1 2020.