Norwegian Cruise Line Holdings Ltd. (NCLH) 13F Filing Data & Analysis (Q2 2026)

NCLH ranks #839 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

NCLH is a top-conviction position for Hound Partners, LLC — at 16.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in NCLH belongs to Vanguard Capital Management LLC, but the position matters far more to Hound Partners, LLC, who has 16.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

V-Square Quantitative Management LLC has added to its NCLH position for two straight quarters, increasing it by $86.3K to reach $350.1K today.

New England Research & Management, Inc. has trimmed its NCLH position for two straight quarters, cutting it by $672.3K while still holding $178.1K.

NCLH is down 2.2% today, but institutions show net buying of $1.4B this quarter — a divergence between today's price move and the underlying institutional flow.

NCLH posted net income of $760.8M over the trailing twelve months, and currently trades at a P/E of 9.5.

• Profitable — net income of $760.8M over the trailing twelve months
• Revenue grew 12.0% year over year
• Net income improved year over year, from $719.2M to $760.8M
• Generated $2.1B in positive operating cash flow
• Current ratio of 0.21x — below the conventional 1.5x liquidity buffer
• Liabilities run 9.20x equity — a highly leveraged balance sheet worth noting