NCLH
Norwegian Cruise Line Holdings Ltd. · Consumer Cyclical · Travel Services
Momentum inputs (comparable managers):
holder breadth +5.9% ·
share flow -17.5% ·
net new positions +5.6%
· formula
Ownership fragmentation: more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 103.23K | $1.56M | n/a | −1 |
| Q2 2026 | 145 | +4 | 348.15M | $7.30B | +7 | −4 |
| Q1 2026 | 145 | +4 | 328.92M | $6.03B | +13 | −10 |
| Q4 2025 | 141 | +1 | 321.86M | $7.07B | +2 | n/a |
| Q3 2025 | 20 | -1 | 155.21M | $3.82B | +1 | −3 |
| Q2 2025 | 19 | -2 | 140.02M | $2.84B | +1 | −3 |
| Q1 2025 | 18 | +1 | 61.74M | $1.17B | +2 | −1 |
| Q4 2024 | 17 | 0 | 74.85M | $1.93B | n/a | n/a |
| Q3 2024 | 16 | +3 | 65.22M | $1.34B | +3 | n/a |
| Q2 2024 | 13 | n/a | 57.14M | $1.07B | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | State Street Global Advisors ✦ (passive) | 15.78M | -2.1% | $299.10M | 0.0% | ▼ Trim | 2 | SEC ↗ ×3 |
| 2 | Geode Capital Management ✦ (passive) | 11.27M | +4.4% | $213.31M | 0.0% | ▲ Add | 4 | SEC ↗ ×2 |
| 3 | Baillie Gifford ✦ | 7.37M | -7.8% | $139.79M | 0.1% | ▼ Trim | 3 | SEC ↗ ×4 |
| 4 | Norges Bank ✦ (passive) | 4.07M | -7.4% | $77.19M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 5 | Renaissance Technologies ✦ | 3.78M | -32.3% | $71.62M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 6 | Two Sigma Investments ✦ | 2.94M | -62.8% | $55.77M | 0.1% | ▼ Trim | 4 | SEC ↗ ×2 |
| 7 | Marshall Wace ✦ | 2.55M | New | $48.42M | 0.1% | New | 1 | SEC ↗ ×3 |
| 8 | T. Rowe Price ✦ | 2.34M | -53.0% | $44.28M | 0.0% | ▼ Trim | 4 | SEC ↗ ×2 |
| 9 | Point72 Asset Management ✦ | 2.12M | New | $40.18M | 0.1% | New | 1 | SEC ↗ |
| 10 | Citadel Advisors ✦ | 2.05M | +72.4% | $38.88M | 0.0% | ▲ Add | 4 | SEC ↗ ×2 |
| 11 | PRIMECAP Management ✦ | 1.73M | -0.7% | $32.73M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 12 | Capital World Investors ✦ | 1.10M | 0.0% | $20.86M | 0.0% | Held | 4 | SEC ↗ |
| 13 | AQR Capital Management ✦ | 1.05M | +381.0% | $19.49M | 0.0% | ▲ Add | 4 | SEC ↗ ×5 |
| 14 | D. E. Shaw & Co. ✦ | 928.33K | -79.3% | $17.60M | 0.0% | ▼ Trim | 4 | SEC ↗ ×2 |
| 15 | Arrowstreet Capital ✦ | 923.85K | -58.3% | $17.52M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 16 | Millennium Management ✦ | 844.85K | -81.7% | $16.02M | 0.0% | ▼ Trim | 4 | SEC ↗ ×3 |
| 17 | Wellington Management ✦ | 617.30K | -25.8% | $11.70M | 0.0% | ▼ Trim | 4 | SEC ↗ ×6 |
| 18 | Gotham Asset Management ✦ | 280.08K | -0.1% | $5.31M | 0.0% | ▼ Trim | 4 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| Marshall Wace | $48.42M | 0.1% |
| Point72 Asset Management | $40.18M | 0.1% |
Exited
| Adage Capital Partners | $10.57M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 631 holders, 435.23M shares, $7.72B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold: shared-ownership counts, not fundamental relationships.