Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Carnival Corp (CCL)

57 + Investors. Track Smart Money conviction in CCL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -965
Streak
2Q ▼
Buyers last Q
3%

Smart Money Signals — CCL

Based on 59 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their CCL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 5% of 3.0Y high

5% of all-time peak
Only 59 funds hold CCL today versus a peak of 1,094 funds at 2025 Q4 — just 5% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 94% fewer funds vs a year ago

fund count last 6Q
945 fewer hedge funds hold CCL compared to a year ago (-94% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 3% buying

32 buying991 selling
Last quarter: 991 funds sold vs only 32 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-118 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 137 → 189 → 134 → 16. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

46% of holders stayed for 2+ years

■ 46% conviction (2yr+) ■ 20% medium ■ 34% new
27 out of 59 hedge funds have held CCL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

183 → 137 → 189 → 134 → 16 new funds/Q
New funds entering each quarter: 137 → 189 → 134 → 16. CCL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 55% veterans vs 35% newcomers

■ 55% veterans ■ 10% 1-2yr ■ 35% new
Entry-cohort mix of 62 holders: 34 (55%) are 2+ year veterans, 6 entered 1–2 years ago, and 22 (35%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 89% AUM from top-100 funds

89% from top-100 AUM funds
1 of 59 holders are among the 100 largest funds by AUM, controlling 89% of total institutional value in CCL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CCL

In 2026 Q2, 32 hedge funds were net buyers of CCL (16 opened a new position, 16 added to an existing one), while 991 reduced or exited (10 trimmed, 981 sold completely) — a 3% buyer ratio, indicating net institutional distribution. Net selling has persisted for two consecutive quarters. 89% of total institutional value in CCL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -965 funds (more exits than new entries). Total institutional holders: 59.

Hedge Fund Ownership: CCL

How many hedge funds hold CCL — quarterly history vs. share price
Quarterly hedge fund ownership of CCL vs. share price

Market Analysis: CCL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CCL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 1 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: CCL
57 + Investors

Track Smart Money conviction in CCL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 57 1024 -94.43%
13F Shares 67M 915M -92.7%
Total Value $1.89B $23.15B -91.86%
New Positions 14 134 -120
Increased Positions 16 443 -427
Closed Positions 981 202 +779
Reduced Positions 9 289 -280
Total Calls 1 36 -97.22%
Total Puts 1 35 -97.14%
PUT/CALL Ratio 1.0 0.97 Neutral

Statistics: CCL

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

57 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CCL. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CCL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Black Cypress Capital Management, LLC 4.87% 255,136 $7.3M
2 Portland Investment Counsel INC. 1.11% 139,602 $4.0M
3 Delta Global Management LP 0.64% 206,898 $5.9M
4 Ally Financial Inc. 0.46% 125,000 $3.6M
5 Unifi Asset Management LP 0.42% 20,082 $613K
6 ING Groep NV 0.38% 2,701,811 $77.2M
7 Altar Rock LLC 0.34% 9,179 $280K
8 Unique Wealth Strategies, LLC 0.29% 23,981 $732K
9 Menora Mivtachim Holdings LTD. 0.22% 2,000,000 $57.1M
10 Pvg Asset Management Corp 0.18% 11,077 $316K
11 Fulcrum Asset Management LLP 0.13% 44,216 $1.3M
12 Covenant Partners, LLC 0.11% 12,216 $373K
13 Capital Fund Management S.A. 0.10% 757,017 $21.6M
14 Ag2r la Mondiale Gestion D'actifs 0.06% 60,841 $1.7M
15 PensionDanmark Pensionsforsikringsaktieselskab 0.06% 264,636 $7.6M
16 Y-Intercept (Hong Kong) Ltd 0.06% 103,892 $3.0M
17 Oslo Pensjonsforsikring As 0.06% 17,506 $500K
18 Mizuho Securities USA LLC 0.04% 69,531 $1.8M
19 Nykredit A/S 0.03% 343,333 $9.8M
20 L & S Advisors Inc 0.03% 10,000 $286K
21 JCIC Asset Management Inc. 0.03% 3,681 $95K
22 Mediolanum International Funds Ltd 0.03% 113,181 $3.3M
23 1620 Investment Advisors, INC. 0.02% 1,399 $40K
24 Capital Fund Management S.A. 0.02% 184,600 $5.3M
25 Main Street Financial Solutions, LLC 0.02% 11,187 $290K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Carnival Corp (CCL)

What does the Smart Money Trend signal show for CCL?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their CCL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CCL?

Heavy selling pressure — only 3% buying: Last quarter: 991 funds sold vs only 32 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for CCL holders?

Elite ownership — 89% AUM from top-100 funds: 1 of 59 holders are among the 100 largest funds by AUM, controlling 89% of total institutional value in CCL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CCL?

46% of holders stayed for 2+ years: 27 out of 59 hedge funds have held CCL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →