Royal Caribbean Cruises Ltd.
US ˙ NYSE ˙ LR0008862868

SecurityRCL / Royal Caribbean Cruises Ltd.
InstitutionEarnest Partners Llc
Latest Disclosed Ownership96,688 shares
Latest Disclosed Value $ 26,606,604
Earnest Partners Llc reports 1.67% decrease in ownership of RCL / Royal Caribbean Cruises Ltd.

On May 15, 2026 - Earnest Partners Llc filed a 13F-HR form disclosing ownership of 96,688 shares of Royal Caribbean Cruises Ltd. (US:RCL) valued at $26,606,604 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 98,329 shares of Royal Caribbean Cruises Ltd.. This represents a change in shares of -1.67% during the quarter. The current value of the position is $27,072,640 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 ROYAL CARIBBEAN GROUP COM V7780T103 96,688 -1,641 -1.67 26,607 -2.99 0.1097
2026-02-12 2025-12-31 13F ROYAL CARIBBEAN GROUP COM V7780T103 98,329 -19,686 -16.68 27,426 -28.18 0.1175
2025-11-14 2025-09-30 13F ROYAL CARIBBEAN GROUP COM V7780T103 118,015 -5,542 -4.49 38,187 -1.30 0.1657
2025-08-15 2025-06-30 13F ROYAL CARIBBEAN GROUP COM V7780T103 123,557 -468 -0.38 38,691 51.85 0.1744
2025-05-14 2025-03-31 13F ROYAL CARIBBEAN GROUP COM V7780T103 124,025 -3,144 -2.47 25,480 -13.15 0.1220
2025-02-14 2024-12-31 13F ROYAL CARIBBEAN GROUP COM V7780T103 127,169 -11,225 -8.11 29,337 19.52 0.1311
2024-11-14 2024-09-30 13F ROYAL CARIBBEAN GROUP COM V7780T103 138,394 -72,370 -34.34 24,546 -26.95 0.1069
2024-08-14 2024-06-30 13F ROYAL CARIBBEAN GROUP COM V7780T103 210,764 -4,061 -1.89 33,602 12.52 0.1571
2024-05-15 2024-03-31 13F ROYAL CARIBBEAN GROUP COM V7780T103 214,825 17,543 8.89 29,863 16.90 0.1367
2024-02-14 2023-12-31 13F ROYAL CARIBBEAN GROUP COM V7780T103 197,282 6,074 3.18 25,546 45.01 0.1276
2023-11-14 2023-09-30 13F ROYAL CARIBBEAN GROUP COM V7780T103 191,208 -5,602 -2.85 17,618 -13.71 0.1016
2023-08-07 2023-06-30 13F ROYAL CARIBBEAN COM V7780T103 196,810 5,765 3.02 20,417 63.66 0.1141
2023-05-15 2023-03-31 13F ROYAL CARIBBEAN COM V7780T103 191,045 10,757 5.97 12,475 40.00 0.0722
2023-02-14 2022-12-31 13F ROYAL CARIBBEAN COM V7780T103 180,288 113 0.06 8,912 30.49 0.0546
2022-11-14 2022-09-30 13F ROYAL CARIBBEAN COM V7780T103 180,175 21,654 13.66 6,829 23.40 0.0459
2022-08-12 2022-06-30 13F ROYAL CARIBBEAN COM V7780T103 158,521 32,148 25.44 5,534 -47.73 0.0369
2022-05-16 2022-03-31 13F ROYAL CARIBBEAN COM V7780T103 126,373 14,542 13.00 10,588 23.12 0.0627
2022-02-07 2021-12-31 13F ROYAL CARIBBEAN COM V7780T103 111,831 27,233 32.19 8,600 14.29 0.0496
2021-11-15 2021-09-30 13F ROYAL CARIBBEAN COM V7780T103 84,598 4,983 6.26 7,525 10.82 0.0460
2021-08-16 2021-06-30 13F ROYAL CARIBBEAN COM V7780T103 79,615 408 0.52 6,790 0.13 0.0399
2021-05-17 2021-03-31 13F ROYAL CARIBBEAN COM V7780T103 79,207 -641 -0.80 6,781 13.70 0.0405
2021-02-16 2020-12-31 13F ROYAL CARIBBEAN COM V7780T103 79,848 -79,047 -49.75 5,964 -42.01 0.0412
2020-11-16 2020-09-30 13F ROYAL CARIBBEAN COM V7780T103 158,895 3,247 2.09 10,285 31.37 0.0887
2020-08-13 2020-06-30 13F ROYAL CARIBBEAN COM V7780T103 155,648 24,939 19.08 7,829 86.18 0.0740
2020-05-14 2020-03-31 13F ROYAL CARIBBEAN COM V7780T103 130,709 -7,278 -5.27 4,205 -77.18 0.0474
2020-02-07 2019-12-31 13F ROYAL CARIBBEAN COM V7780T103 137,987 27,553 24.95 18,423 54.00 0.1448
2019-11-14 2019-09-30 13F ROYAL CARIBBEAN COM V7780T103 110,434 1,412 1.30 11,963 -9.47 0.1081
2019-08-13 2019-06-30 13F ROYAL CARIBBEAN COM V7780T103 109,022 -679 -0.62 13,215 5.10 0.1194
2019-05-15 2019-03-31 13F ROYAL CARIBBEAN COM V7780T103 109,701 5,843 5.63 12,574 23.81 0.1201
2019-02-14 2018-12-31 13F ROYAL CARIBBEAN COM V7780T103 103,858 -22 -0.02 10,156 -24.76 0.1106
2018-11-14 2018-09-30 13F ROYAL CARIBBEAN COM V7780T103 103,880 -454 -0.44 13,498 24.88 0.1209
2018-08-13 2018-06-30 13F ROYAL CARIBBEAN COM V7780T103 104,334 457 0.44 10,809 -11.62 0.1011
2018-05-15 2018-03-31 13F ROYAL CARIBBEAN COM V7780T103 103,877 75 0.07 12,230 -1.23 0.1157
2018-02-14 2017-12-31 13F ROYAL CARIBBEAN COM V7780T103 103,802 -6,513 -5.90 12,382 -5.31 0.1186
2017-11-14 2017-09-30 13F ROYAL CARIBBEAN COM V7780T103 110,315 -10,338 -8.57 13,077 -0.77 0.1303
2017-08-14 2017-06-30 13F ROYAL CARIBBEAN COM V7780T103 120,653 -870 -0.72 13,179 10.53 0.1384
2017-05-15 2017-03-31 13F ROYAL CARIBBEAN COM V7780T103 121,523 -48,247 -28.42 11,923 -14.40 0.1272
2017-02-14 2016-12-31 13F ROYAL CARIBBEAN COM V7780T103 169,770 -81,877 -32.54 13,928 -26.15 0.1521
2016-11-14 2016-09-30 13F ROYAL CARIBBEAN COM V7780T103 251,647 64,287 34.31 18,861 49.92 0.1978
2016-08-15 2016-06-30 13F ROYAL CARIBBEAN COM V7780T103 187,360 -1,448 -0.77 12,581 -18.89 0.1365
2016-05-16 2016-03-31 13F ROYAL CARIBBEAN COM V7780T103 188,808 -35,398 -15.79 15,511 -31.65 0.1625
2016-02-16 2015-12-31 13F ROYAL CARIBBEAN COM V7780T103 224,206 -136,722 -37.88 22,692 -29.43 0.2314
2015-11-16 2015-09-30 13F ROYAL CARIBBEAN COM V7780T103 360,928 3,823 1.07 32,155 14.43 0.3159
2015-08-14 2015-06-30 13F ROYAL CARIBBEAN COM V7780T103 357,105 357,105 28,101 0.2454
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.