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NORWEGIAN CRUISE LINE HLDGS (NCLH) — Hedge Fund Ownership Q1 2026

NCLH
Q1 2026Q4 2025Q3 2025Q2 2025
  • NORWEGIAN CRUISE LINE HLDGS (NCLH) is held by 3 of 84 tracked hedge funds, with Patient Capital Management (4%) and Ariel Investments (3%) holding the largest stakes, indicating limited hedge fund interest relative to peers.
  • New position in NCLH stock was initiated by Baupost Group (1%).
  • The biggest increases in NCLH holdings came from Patient Capital Management (+8%) and Ariel Investments (+2%), highlighting conviction.
  • Overall, hedge funds increased exposure to NORWEGIAN CRUISE LINE HLDGS (NCLH) by +4% vs the prior quarter and +61% 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
4.01% 5.7M +8.32% +60.15% $107.5M $18.70
2
Ariel Investments
3.07% 14.7M +2.16% +61.45% $274.2M $18.70
3
Baupost Group
1.33% 3.6M NEW $67.9M $18.70
3 Total 24.0M +3.82% +61.08% $449.6M
* 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.