Norwegian Cruise Line
NCLH
631 hedge funds and large institutions have $9.91B invested in Norwegian Cruise Line in 2026 Q2 according to their latest regulatory filings, with 91 funds opening new positions, 194 increasing their positions, 208 reducing their positions, and 87 closing their positions.
20% more capital invested
Capital invested by funds: $8.23B → $9.91B (+$1.69B)
15% more call options, than puts
Call options by funds: $505M | Put options by funds: $439M
5.71% more ownership
Funds ownership: 96.61% → 102.33% (+5.7%)
5% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 87
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
7% less repeat investments, than reductions
Existing positions increased: 194 | Existing positions reduced: 208
1% less funds holding
Funds holding: 640 → 631 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$271M |
| 2 |
MMA
Mizuho Markets Americas
New York
|
+$179M |
| 3 |
NCM
Nearwater Capital Markets
Dublin 4, Dublin,
Ireland
|
+$113M |
| 4 |
FACM
Forest Avenue Capital Management
Miami,
Florida
|
+$78M |
| 5 |
BG
Baupost Group
Boston,
Massachusetts
|
+$76.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$298M |
| 2 |
SG Americas Securities
New York
|
-$135M |
| 3 |
GAM
Goldentree Asset Management
New York
|
-$97M |
| 4 |
BlackRock
New York
|
-$96.9M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$65.5M |
NCLH Hedge Fund Activity: Q2 2026 in Review
631 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in Norwegian Cruise Line (NCLH) for Q2 2026, worth a combined $9.91B — up 20% from $8.23B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new NCLH positions and 87 closed out — a net gain of 4 holders — while 194 added to existing stakes and 208 trimmed.
The largest buyer was Ameriprise, adding an estimated $271M. The largest seller was Capital International Investors, cutting an estimated $298M.
- 631 institutional investors held Norwegian Cruise Line (NCLH) as of Q2 2026, down from 640 in Q1 2026.
- Funds reported $9.91B of Norwegian Cruise Line stock for Q2 2026, up 20% quarter-over-quarter.
- 91 funds opened new Norwegian Cruise Line positions in Q2 2026 and 87 closed out, a net change of +4 holders.
- The largest Norwegian Cruise Line buyer in Q2 2026 was Ameriprise, an estimated $271M added.
- The largest Norwegian Cruise Line seller in Q2 2026 was Capital International Investors, an estimated $298M sold.
Based on aggregated 13F filings for Q2 2026.