Who owns NCLH (NCLH)
Which tracked institutional funds hold NCLH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NCLH company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
97 tracked funds added or opened NCLH while 177 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NCLH’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.1pp gap the other way — the median holder sizes NCLH more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in NCLH divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 635 tracked filers holding NCLH, 309 increased or opened the position and 292 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NCLH between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 49
- VANGUARD CAPITAL MANAGEMENT LLC$554M
- VANGUARD PORTFOLIO MANAGEMENT LLC$368M
- Elliott Investment Management L.P.$247M
- CAPITOLIS LIQUID GLOBAL MARKETS LLC$76M
- ING GROEP NV$74M
- BAUPOST GROUP LLC/MA$68M
Full exits 40
- VANGUARD GROUP INC$1.1B
- MKP Capital Management, L.L.C.$45M
- CIBC WORLD MARKETS CORP$34M
- GRS Advisors, LLC$32M
- TWO SIGMA ADVISERS, LP$23M
- Empowered Funds, LLC$15M
Largest adds
- UBS Group AG$327M
- BARCLAYS PLC$247M
- GOLDMAN SACHS GROUP INC$170M
- PRICE T ROWE ASSOCIATES INC /MD/$134M
- SG Americas Securities, LLC$108M
- NATIXIS$60M
Largest trims
- Capital International Investors$693M
- BlackRock, Inc.$377M
- AQR CAPITAL MANAGEMENT LLC$135M
- BALYASNY ASSET MANAGEMENT L.P.$96M
- AMERIPRISE FINANCIAL INC$79M
- MARSHALL WACE, LLP$77M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Capital International Investors trimmed | 29,981,899 | $561M | 6.0% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 29,617,015 | $554M | 5.9% | 2026-Q1 |
| BlackRock, Inc. trimmed | 25,912,339 | $485M | 5.2% | 2026-Q1 |
| UBS Group AG added | 21,954,134 | $411M | 4.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 19,703,119 | $368M | 3.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 17,914,927 | $335M | 3.6% | 2026-Q1 |
| STATE STREET CORP trimmed | 16,258,754 | $304M | 3.2% | 2026-Q1 |
| BARCLAYS PLC added | 15,102,641 | $282M | 3.0% | 2026-Q1 |
| ARIEL INVESTMENTS, LLC added | 14,661,579 | $274M | 2.9% | 2026-Q1 |
| Elliott Investment Management L.P. new | 13,186,000 | $247M | 2.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 12,540,584 | $234M | 2.5% | 2026-Q1 |
| Invesco Ltd. added | 10,576,523 | $198M | 2.1% | 2026-Q1 |
| MORGAN STANLEY trimmed | 8,242,694 | $154M | 1.6% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 7,976,487 | $149M | 1.6% | 2026-Q1 |
| SG Americas Securities, LLC added | 7,631,139 | $143M | 1.5% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 7,262,590 | $136M | 1.4% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 6,152,395 | $115M | 1.2% | 2026-Q1 |
| Patient Capital Management, LLC added | 5,749,640 | $108M | 1.1% | 2026-Q1 |
| Hound Partners, LLC added | 5,713,090 | $107M | 1.1% | 2026-Q1 |
| GOLDENTREE ASSET MANAGEMENT LP added | 5,194,517 | $97M | 1.0% | 2026-Q1 |
| Greenhouse Funds LLLP trimmed | 5,113,980 | $96M | 1.0% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 4,647,631 | $82M | 0.9% | 2026-Q1 |
| NORTHERN TRUST CORP added | 4,293,971 | $80M | 0.9% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 4,248,823 | $79M | 0.8% | 2026-Q1 |
| NORGES BANK added | 4,071,294 | $77M | 0.8% | 2026-Q1 |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC new | 4,048,102 | $76M | 0.8% | 2026-Q1 |
| ING GROEP NV added | 3,955,580 | $74M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 3,939,239 | $74M | 0.8% | 2026-Q1 |
| BANK OF NOVA SCOTIA trimmed | 3,908,479 | $73M | 0.8% | 2026-Q1 |
| California Public Employees Retirement System added | 3,675,830 | $69M | 0.7% | 2026-Q1 |
| BAUPOST GROUP LLC/MA new | 3,630,000 | $68M | 0.7% | 2026-Q1 |
| Nearwater Capital Markets, Ltd new | 3,405,000 | $64M | 0.7% | 2026-Q1 |
| NATIXIS added | 3,211,180 | $60M | 0.6% | 2026-Q1 |
| Alyeska Investment Group, L.P. added | 2,923,533 | $55M | 0.6% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 2,812,755 | $53M | 0.6% | 2026-Q1 |
| Holocene Advisors, LP added | 2,704,156 | $51M | 0.5% | 2026-Q1 |
| Columbus Hill Capital Management, L.P. | 2,660,601 | $50M | 0.5% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 2,621,882 | $49M | 0.5% | 2026-Q1 |
| TREMBLANT CAPITAL GROUP added | 2,596,336 | $49M | 0.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 2,566,087 | $48M | 0.5% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 2,333,361 | $44M | 0.5% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 2,314,013 | $43M | 0.5% | 2026-Q1 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. new | 2,286,695 | $43M | 0.5% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 2,240,064 | $42M | 0.4% | 2026-Q1 |
| Amundi added | 2,143,019 | $40M | 0.4% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 2,025,778 | $38M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 2,018,190 | $38M | 0.4% | 2026-Q1 |
| CITIGROUP INC added | 2,009,741 | $38M | 0.4% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 1,983,951 | $37M | 0.4% | 2026-Q1 |
| Forest Avenue Capital Management LP new | 1,973,232 | $37M | 0.4% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 1,922,079 | $36M | 0.4% | 2026-Q1 |
| CIBC Bancorp USA Inc. added | 1,910,681 | $36M | 0.4% | 2026-Q1 |
| MIZUHO MARKETS AMERICAS LLC new | 1,785,000 | $33M | 0.4% | 2026-Q1 |
| NOMURA HOLDINGS INC added | 1,744,296 | $33M | 0.3% | 2026-Q1 |
| Long Pond Capital, LP new | 1,730,000 | $32M | 0.3% | 2026-Q1 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 1,600,604 | $30M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 1,421,161 | $27M | 0.3% | 2026-Q1 |
| Capital World Investors added | 1,289,325 | $24M | 0.3% | 2026-Q1 |
| Nuveen, LLC added | 1,265,755 | $24M | 0.3% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 1,135,059 | $21M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 1,064,300 | $20M | 0.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 1,022,315 | $19M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 946,234 | $18M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 912,785 | $17M | 0.2% | 2026-Q1 |
| L1 Capital Pty Ltd new | 911,342 | $17M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 901,000 | $17M | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 899,745 | $17M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 907,492 | $17M | 0.2% | 2026-Q1 |
| Interval Partners, LP trimmed | 891,281 | $17M | 0.2% | 2026-Q1 |
| Incline Global Management LLC added | 838,978 | $16M | 0.2% | 2026-Q1 |
| Legal & General Group Plc trimmed | 771,302 | $14M | 0.2% | 2026-Q1 |
| TimesSquare Capital Management, LLC trimmed | 752,105 | $14M | 0.1% | 2026-Q1 |
| J. Goldman & Co LP added | 747,197 | $14M | 0.1% | 2026-Q1 |
| LONDON CO OF VIRGINIA | 706,163 | $13M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 657,514 | $12M | 0.1% | 2026-Q1 |
| Aristotle Capital Management, LLC trimmed | 608,431 | $11M | 0.1% | 2026-Q1 |
| OSSIAM trimmed | 596,502 | $11M | 0.1% | 2026-Q1 |
| Gotham Asset Management, LLC trimmed | 589,413 | $11M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 51,360,465 | $1.1B | 12.2% | 2025-Q4 stale |
| BAILLIE GIFFORD & CO trimmed | 7,372,932 | $140M | 1.5% | 2025-Q1 stale |
| Candlestick Capital Management LP added | 2,767,223 | $68M | 0.7% | 2025-Q3 stale |
| Benchstone Capital Management LP added | 2,133,322 | $53M | 0.6% | 2025-Q3 stale |
| MKP Capital Management, L.L.C. new | 2,000,000 | $45M | 0.5% | 2025-Q4 stale |
| MANE GLOBAL CAPITAL MANAGEMENT LP trimmed | 1,598,532 | $39M | 0.4% | 2025-Q3 stale |
| 59 North Capital Management, LP trimmed | 1,886,994 | $38M | 0.4% | 2025-Q2 stale |
| Avala Global LP new | 1,449,400 | $36M | 0.4% | 2025-Q3 stale |
| CIBC WORLD MARKETS CORP added | 1,542,175 | $34M | 0.4% | 2025-Q4 stale |
| GRS Advisors, LLC added | 1,415,073 | $32M | 0.3% | 2025-Q4 stale |
| Atreides Management, LP added | 1,623,483 | $31M | 0.3% | 2025-Q1 stale |
| EMINENCE CAPITAL, LP trimmed | 1,097,841 | $27M | 0.3% | 2025-Q3 stale |
| TWO SIGMA ADVISERS, LP trimmed | 1,008,709 | $23M | 0.2% | 2025-Q4 stale |
| JUPITER ASSET MANAGEMENT LTD trimmed | 1,039,405 | $20M | 0.2% | 2025-Q1 stale |
| Northern Right Capital Management, L.P. new | 790,760 | $19M | 0.2% | 2025-Q3 stale |
| Driehaus Capital Management LLC added | 982,792 | $19M | 0.2% | 2025-Q1 stale |
| Empowered Funds, LLC trimmed | 689,687 | $15M | 0.2% | 2025-Q4 stale |
| Quantbot Technologies LP added | 601,508 | $15M | 0.2% | 2025-Q3 stale |
| Trexquant Investment LP added | 521,918 | $13M | 0.1% | 2025-Q3 stale |
| Baird Financial Group, Inc. added | 519,550 | $13M | 0.1% | 2025-Q3 stale |
| SummitTX Capital, L.P. added | 487,748 | $12M | 0.1% | 2025-Q3 stale |
| TWINBEECH CAPITAL LP added | 579,732 | $11M | 0.1% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.