III Capital Management NCLH — NORWEGIAN CRUISE LINE HLDG L

Ownership history in III Capital Management  ·  7 quarters on record

AI Ownership Summary

III Capital Management reported NORWEGIAN CRUISE LINE HLDG L (NCLH) in 7 quarterly 13F filings from 2024 Q2 through 2025 Q4. Peak portfolio weight reached 0.46% in 2025 Q4. The latest visible filing shows NCLH at 0.46% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this NCLH ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was III Capital Management's position in NORWEGIAN CRUISE LINE HLDG L, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

NCLH was reported at 0.46% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.46% in 2025 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q2 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

NCLH stock page III Capital Management fund profile III Capital Management full holdings
How III Capital Management held NCLH — position size vs. price
% of Fund (quarterly)    NCLH price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 7 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 ADDED — — — 138,734 +65,000 +88.2% 0.46% $3.1M 2026-02-14 (Est.) $21.49
2025 Q3 REDUCED 13.9% -9.0% ✅ 73,734 -11,866 -13.9% 0.44% $1.8M 2025-11-14 $18.29
2025 Q2 ADDED — — — 85,600 +40,000 +87.7% 0.31% $1.7M 2025-08-14 $24.36
2025 Q1 REDUCED 39.7% +7.0% ❌ 45,600 -30,000 -39.7% 0.16% $865K 2025-05-15 $19.09
2024 Q4 ADDED — — — 75,600 +17,800 +30.8% 0.31% $1.9M 2025-02-14 $26.38
2024 Q3 ADDED — — — 57,800 +9,800 +20.4% 0.09% $1.19B 2024-11-14 $26.68
2024 Q2 INITIATED — — — 48,000 — — 0.04% $901.9M 2024-08-14 $15.43

🏢 Other funds also holding NCLH

As of 2026 Q1 — sorted by position size

Savoir Faire Capital Management, L.P. 1.68% M.E. ALLISON & CO., INC. 1.36% Future Fund LLC 3Y 1.3% CAMPBELL CAPITAL MANAGEMENT INC 3Y 7Y 1.07% Nordwand Advisors, LLC 3Y 0.99% ING GROEP NV 3Y 7Y 0.45% VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 3Y 7Y 0.43% New England Research & Management, Inc. 3Y 7Y 0.36% CenterBook Partners LP 3Y 0.27% Signature Wealth Management Partners, LLC 3Y 0.24%

FAQ About III Capital Management and NCLH

These are the practical questions this page is built to answer before you even open the full history table.

How long has III Capital Management reported owning NCLH?

III Capital Management reported NCLH across 7 quarterly 13F filings, from 2024 Q2 through 2025 Q4.

What was the largest reported NCLH position in III Capital Management's portfolio?

The largest reported portfolio weight for NCLH was 0.46% in 2025 Q4.

What is the latest reported NCLH position on this page?

The most recent filing on this page is 2025 Q4, when III Capital Management reported 138,734 shares, equal to 0.46% of portfolio, with an estimated market value of $3.1M.

What does the chart on this NCLH ownership page compare?

The chart compares III Capital Management's quarterly NCLH portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did III Capital Management time their NCLH position?

Based on 13F filing dates vs. subsequent NCLH price moves, III Capital Management correctly timed 1 out of 6 reported position changes (17%). The annualised alpha on NCLH relative to SPY over the holding period was +6.0%.

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