Cliff Asness's NCLH Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 423,015 shares of Norwegian Cruise Line Holdings Ltd. (NCLH) worth $10.42 M, representing 0.01% of the portfolio. First purchased in 2013-Q4, this long-term strategic position has been held for 48 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in NCLH, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2019, adding 2.59 M shares. Largest reduction occurred in Q1 2020, reducing 2.99 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Norwegian Cruise Line Holdings (NCLH) Holding Value Over Time
Track share changes against reported price movement
Quarterly Norwegian Cruise Line Holdings (NCLH) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2013 | +54,836 | New Buy | 54,836 | $35.47 |
| Q1 2014 | -54,836 | Sold Out | 54,836 | $0.00 |
| Q4 2014 | +62,800 | New Buy | 62,800 | $46.77 |
| Q1 2015 | +102,606 | Add 163.39% | 165,406 | $54.01 |
| Q2 2015 | +218,660 | Add 132.20% | 384,066 | $56.04 |
| Q3 2015 | +291,911 | Add 76.01% | 675,977 | $57.30 |
| Q4 2015 | -55,798 | Reduce 8.25% | 620,179 | $58.60 |
| Q1 2016 | -470,763 | Reduce 75.91% | 149,416 | $55.29 |
| Q2 2016 | -7,773 | Reduce 5.20% | 141,643 | $39.84 |
| Q3 2016 | -73,537 | Reduce 51.92% | 68,106 | $37.71 |
| Q4 2016 | -62,287 | Reduce 91.46% | 5,819 | $42.45 |
| Q1 2017 | -5,819 | Sold Out | 5,819 | $0.00 |
| Q3 2017 | +19,649 | New Buy | 19,649 | $54.05 |
| Q4 2017 | +4,876 | Add 24.82% | 24,525 | $53.25 |
| Q1 2018 | +331,791 | Add 1352.87% | 356,316 | $52.97 |
| Q2 2018 | +292,387 | Add 82.06% | 648,703 | $47.25 |
| Q3 2018 | -530,136 | Reduce 81.72% | 118,567 | $57.43 |
| Q4 2018 | +639,082 | Add 539.00% | 757,649 | $42.39 |
| Q1 2019 | +958,191 | Add 126.47% | 1.72 M | $54.58 |
| Q2 2019 | +616,738 | Add 35.94% | 2.33 M | $52.00 |
| Q3 2019 | +2.59 M | Add 110.84% | 4.92 M | $51.62 |
| Q4 2019 | +174,335 | Add 3.54% | 5.09 M | $58.41 |
| Q1 2020 | -2.99 M | Reduce 58.68% | 2.1 M | $10.96 |
| Q2 2020 | -1.99 M | Reduce 94.57% | 114,335 | $15.91 |
| Q3 2020 | -114,335 | Sold Out | 114,335 | $0.00 |
| Q4 2020 | +19,569 | New Buy | 19,569 | $24.53 |
| Q1 2021 | -19,569 | Sold Out | 19,569 | $0.00 |
| Q2 2021 | +61,202 | New Buy | 61,202 | $29.30 |
| Q3 2021 | -61,202 | Sold Out | 61,202 | $0.00 |
| Q3 2022 | +251,235 | New Buy | 251,235 | $11.36 |
| Q4 2022 | +183,724 | Add 73.13% | 434,959 | $12.24 |
| Q1 2023 | -7,637 | Reduce 1.76% | 427,322 | $13.32 |
| Q2 2023 | -123,346 | Reduce 28.86% | 303,976 | $21.59 |
| Q3 2023 | -277,386 | Reduce 91.25% | 26,590 | $16.48 |
| Q4 2023 | -26,590 | Sold Out | 26,590 | $0.00 |
| Q1 2024 | +93,166 | New Buy | 93,166 | $20.93 |
| Q2 2024 | +346,471 | Add 371.89% | 439,637 | $18.73 |
| Q3 2024 | -241,751 | Reduce 54.99% | 197,886 | $20.51 |
| Q4 2024 | +20,745 | Add 10.48% | 218,631 | $25.73 |
| Q1 2025 | +833,082 | Add 381.04% | 1.05 M | $18.53 |
| Q2 2025 | -922,054 | Reduce 87.67% | 129,659 | $20.28 |
| Q3 2025 | +293,356 | Add 226.25% | 423,015 | $24.63 |
Cliff Asness's Norwegian Cruise Line Holdings Investment FAQs
Cliff Asness first purchased Norwegian Cruise Line Holdings Ltd. (NCLH) in Q4 2013, acquiring 54,836 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Norwegian Cruise Line Holdings Ltd. (NCLH) for 48 quarters since Q4 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Norwegian Cruise Line Holdings Ltd. (NCLH) was in Q3 2019, adding 4,918,095 shares worth $253.87 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 423,015 shares of Norwegian Cruise Line Holdings Ltd. (NCLH), valued at approximately $10.42 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Norwegian Cruise Line Holdings Ltd. (NCLH) represents approximately 0.01% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Norwegian Cruise Line Holdings Ltd. (NCLH) was 5,092,430 shares, as reported at the end of Q4 2019. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.