Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NCLH held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 34.5M | $645.7M | -10.5% | 7.521% | 0.01% |
| 2 | Capital International Investors | 30.0M | $560.7M | -46.6% | 6.530% | 0.13% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 29.6M | $553.8M | β | 6.451% | 0.01% |
| 4 | UBS Group AG | 22.7M | $424.5M | +364.6% | 4.944% | 0.06% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 19.7M | $368.4M | β | 4.292% | 0.02% |
| 6 | GOLDMAN SACHS GROUP INC | 19.2M | $359.6M | +145.7% | 4.188% | 0.04% |
| 7 | BARCLAYS PLC | 18.1M | $337.8M | +108.4% | 3.934% | 0.14% |
| 8 | STATE STREET CORP | 16.3M | $304.0M | -0.3% | 3.541% | 0.01% |
| 9 | ARIEL INVESTMENTS, LLC | 14.7M | $274.2M | +2.2% | 3.193% | 3.07% |
| 10 | Elliott Investment Management L.P. | 13.2M | $246.6M | β | 2.872% | 1.55% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 12.5M | $234.1M | +2.8% | 2.732% | 0.01% |
| 12 | CITADEL ADVISORS LLC | 11.0M | $204.9M | +1.1% | 2.387% | 0.10% |
| 13 | Invesco Ltd. | 10.8M | $202.3M | +4.3% | 2.357% | 0.03% |
| 14 | MORGAN STANLEY | 8.2M | $154.1M | -3.3% | 1.795% | 0.01% |
| 15 | DIMENSIONAL FUND ADVISORS LP | 7.3M | $135.8M | +7.7% | 1.582% | 0.03% |
| 16 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 7.0M | $130.7M | +8.1% | 1.522% | 0.01% |
| 17 | Patient Capital Management, LLC | 5.7M | $107.5M | +8.3% | 1.252% | 4.01% |
| 18 | Hound Partners, LLC | 5.7M | $106.8M | +50.0% | 1.244% | 13.48% |
| 19 | GOLDENTREE ASSET MANAGEMENT LP | 5.2M | $97.0M | +13.4% | 1.131% | 5.75% |
| 20 | NOMURA HOLDINGS INC | 4.5M | $83.6M | +108.7% | 0.974% | 0.28% |
| 21 | NORTHERN TRUST CORP | 4.3M | $80.3M | +1.1% | 0.935% | 0.01% |
| 22 | MARSHALL WACE, LLP | 4.2M | $79.5M | -39.4% | 0.926% | 0.09% |
| 23 | CAPITOLIS LIQUID GLOBAL MARKETS LLC | 4.0M | $75.7M | β | 0.882% | 0.48% |
| 24 | ING GROEP NV | 4.0M | $74.0M | β | 0.862% | 0.45% |
| 25 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 3.9M | $73.7M | +2.8% | 0.858% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in NCLH β a direct measure of their conviction.
Filings activity in NCLH during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 614 | 1.0% | 89.91% | 11.28 pp | $8.02B | 11% |
| Q4 2025 | 620 | +0.2% | 101.19% | 4.68 pp | $9.03B | 4.4% |
| Q3 2025 | 619 | +3.0% | 105.87% | 1.48 pp | $9.44B | 1.4% |
| Q2 2025 | 601 | 2.4% | 107.35% | +30.47 pp | $9.58B | +40% |
| Q1 2025 | 616 | 4.5% | 76.88% | 23.17 pp | $6.86B | 23% |
| Q4 2024 | 645 | +18% | 100.05% | +30.45 pp | $8.93B | +44% |
| Q3 2024 | 545 | +2.8% | 69.60% | +3.39 pp | $6.21B | +5.1% |
| Q2 2024 | 530 | β | 66.21% | β | $5.91B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as the highest-conviction signal because executives are risking personal capital.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| May 20, 2026 | COHEN JONATHAN Z | Buy | 30K | $15.83 | $475K |
| May 7, 2026 | Byng-Thorne Zillah | Buy | 25K | $17.67 | $442K |
Quick answers to the most common questions about buying NCLH stock.
Based on Q1 2026 13F filings, institutional ownership of Norwegian Cruise Line Holdings Ltd. stands at 89.9%, held across 614 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of NCLH, with approximately 34,530,108 shares worth $0.65B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of NCLH, including CITADEL ADVISORS LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for NCLH is 41 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
108 institutions opened new positions in NCLH during Q1 2026, while 114 fully exited. 90 added to existing positions and 410 trimmed.
NCLH institutional ownership fell by 11.28 percentage points quarter-over-quarter, with a net change of -6 holders.
The top 10 institutions account for 50.8% of all reported 13F value in NCLH, and the top 25 account for 73.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Norwegian Cruise Line Holdings Ltd. (NCLH) Institutional Ownership