Norwegian Cruise Line Holdings Ltd.
US ˙ NYSE ˙ BMG667211046

SecurityNCLH / Norwegian Cruise Line Holdings Ltd.
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership12,540,584 shares
Latest Disclosed Value $ 234,119,095
Geode Capital Management, Llc reports 2.75% increase in ownership of NCLH / Norwegian Cruise Line Holdings Ltd.

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 12,540,584 shares of Norwegian Cruise Line Holdings Ltd. (US:NCLH) valued at $234,508,921 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 12,205,008 shares of Norwegian Cruise Line Holdings Ltd.. This represents a change in shares of 2.75% during the quarter. The current value of the position is $235,135,950 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 12,540,584 335,576 2.75 234,119 -13.91 0.0078
2026-02-09 2025-12-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 12,205,008 262,086 2.19 271,951 -7.38 0.0168
2025-11-12 2025-09-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 11,942,922 306,728 2.64 293,613 24.66 0.0187
2025-08-08 2025-06-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 11,636,194 370,064 3.28 235,532 10.42 0.0165
2025-05-13 2025-03-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 11,266,130 472,862 4.38 213,313 -23.10 0.0168
2025-02-12 2024-12-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 10,793,268 270,434 2.57 277,399 28.73 0.0215
2024-11-12 2024-09-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 10,522,834 261,925 2.55 215,481 11.90 0.0174
2024-08-09 2024-06-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 10,260,909 444,964 4.53 192,569 -6.16 0.0169
2024-05-13 2024-03-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 9,815,945 294,721 3.10 205,213 7.70 0.0190
2024-02-13 2023-12-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 9,521,224 182,403 1.95 190,544 23.95 0.0199
2023-11-13 2023-09-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 9,338,821 184,460 2.01 153,729 -22.75 0.0183
2023-08-11 2023-06-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 9,154,361 304,240 3.44 199,000 67.39 0.0234
2023-05-15 2023-03-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 8,850,121 196,978 2.28 118,885 113,123.81 0.0154
2023-02-13 2022-12-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 8,653,143 316,246 3.79 106 -99.89 0.0148
2022-11-14 2022-09-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 8,336,897 194,407 2.39 94,645 4.64 0.0144
2022-08-12 2022-06-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 8,142,490 339,926 4.36 90,450 -46.94 0.0133
2022-05-13 2022-03-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 7,802,564 1,046,944 15.50 170,476 21.85 0.0213
2022-02-11 2021-12-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 6,755,620 145,083 2.19 139,903 -20.64 0.0169
2021-11-12 2021-09-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 6,610,537 -28,510 -0.43 176,286 -9.56 0.0237
2021-08-13 2021-06-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 6,639,047 363,495 5.79 194,922 12.77 0.0269
2021-05-12 2021-03-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 6,275,552 197,538 3.25 172,852 11.99 0.0264
2021-02-12 2020-12-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 6,078,014 1,337,513 28.21 154,343 90.53 0.0259
2020-11-13 2020-09-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 4,740,501 250,878 5.59 81,007 9.94 0.0159
2020-08-13 2020-06-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 4,489,623 427,877 10.53 73,681 65.78 0.0158
2020-05-14 2020-03-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 4,061,746 511,351 14.40 44,446 -78.53 0.0116
2020-02-20 2019-12-31 13F/A-1 NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 3,550,395 45,798 1.31 206,984 14.25 0.0433
2020-02-13 2019-12-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 3,550,395 45,798 206,984 26,378.2959
2019-11-12 2019-09-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 3,504,597 341,534 10.80 181,167 6.98 0.0423
2019-08-14 2019-06-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 3,163,063 29,326 0.94 169,345 -1.51 0.0410
2019-05-14 2019-03-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 3,133,737 175,526 5.93 171,937 37.34 0.0445
2019-03-06 2018-12-31 13F/A-1 NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 2,958,211 416,956 16.41 125,188 -14.06 0.0387
2019-02-13 2018-12-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 2,958,211 416,956 125,188
2018-11-13 2018-09-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 2,541,255 157,610 6.61 145,674 29.61 0.0410
2018-08-14 2018-06-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 2,383,645 92,379 4.03 112,392 -7.16 0.0346
2018-05-15 2018-03-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 2,291,266 387,557 20.36 121,066 19.68 0.0394
2018-02-13 2017-12-31 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 1,903,709 403,132 26.87 101,159 24.80 0.0344
2017-11-14 2017-09-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 1,500,577 144,516 10.66 81,058 10.15 0.0299
2017-08-14 2017-06-30 13F NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 1,356,061 50,932 3.90 73,589 11.18 0.0289
2017-06-21 2017-03-31 13F/A-1 NORWEGIAN CRUISE LINE HLDGS SHS G66721104 1,305,129 82,694 6.76 66,187 27.35 0.0272
2017-05-12 2017-03-31 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 1,305,129 66,187
2017-02-14 2016-12-31 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 1,222,435 76,837 6.71 51,974 20.39 0.0242
2016-11-10 2016-09-30 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 1,145,598 67,472 6.26 43,173 0.56 0.0217
2016-08-12 2016-06-30 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 1,078,126 76,103 7.59 42,934 -22.46 0.0233
2016-05-13 2016-03-31 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 1,002,023 41,288 4.30 55,371 -1.59 0.0294
2016-02-12 2015-12-31 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 960,735 17,275 1.83 56,263 4.14 0.0321
2015-11-13 2015-09-30 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 943,460 118,352 14.34 54,025 16.91 0.0328
2015-08-14 2015-06-30 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 825,108 232,620 39.26 46,211 44.50 0.0264
2015-05-14 2015-03-31 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 592,488 75,154 14.53 31,980 32.27 0.0183
2015-02-12 2014-12-31 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 517,334 19,157 3.85 24,177 34.74 0.0144
2014-11-14 2014-09-30 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 498,177 7,270 1.48 17,944 15.31 0.0116
2014-08-13 2014-06-30 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 490,907 26,060 5.61 15,561 3.74 0.0101
2014-05-14 2014-03-31 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 464,847 80,674 21.00 15,000 10.08 0.0101
2014-02-14 2013-12-31 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 384,173 164,022 74.50 13,626 100.62 0.0094
2013-11-14 2013-09-30 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 220,151 93,274 73.52 6,792 76.60 0.0054
2013-08-14 2013-06-30 13F NORWEGIAN CRUISE LINE HLDGS SHS G66721104 126,877 126,877 3,846 0.0034
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.