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

NCLH ranks #839 out of 37501 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.

California State Teachers Retirement System has added to its NCLH position for two straight quarters, increasing it by $517.3M to reach $526.9M today.

Capital International Investors has trimmed its NCLH position for two straight quarters, cutting it by $957.5M while still holding $296.3M.

NCLH is down 0% 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 10.5.

• 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