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NORWEGIAN CRUISE LINE HLDG L (NCLH) — Hedge Fund Ownership Q4 2025

NCLH
Q4 2025Q3 2025Q2 2025Q1 2025
  • NORWEGIAN CRUISE LINE HLDG L (NCLH) is held by 2 of 82 tracked hedge funds, with Patient Capital Management (5%) and Ariel Investments (3%) holding the largest stakes, indicating limited hedge fund interest relative to peers.
  • The biggest increases in NCLH holdings came from Ariel Investments (+19%) and Patient Capital Management (+16%), highlighting conviction.
  • 1 hedge fund exited NCLH.
  • Overall, hedge funds increased exposure to NORWEGIAN CRUISE LINE HLDG L (NCLH) by +17% vs the prior quarter and +198% vs prior year.
# Fund % of Portfolio † Shares † Shares vs Prior Quarter † Shares vs Prior Year † Aggregate Value † Reported Price * Option
1
Patient Capital Management
Samantha McLemore
4.57% 5.3M +16.28% +113.71% $118.5M $22.32
2
Ariel Investments
3.46% 14.4M +18.76% +258.46% $320.3M $22.32
Maverick Capital
Lee Ainslie
EXITED
2 Total 19.7M +17.37% +198.34% $438.8M
* Reported price is not an actual purchase or sale price. It is the price as of the last portfolio date.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.