NCLH
Norwegian Cruise Line Hldgs
4 super-investors hold NCLH worth a combined $565M. The largest position: Samantha McLemore at 4.0% of their portfolio. This quarter the cohort logged 1 buy and 0 sells on the name. Cohort Conviction Score: 36 — ranked #198 of 724 scored stocks. Conviction rising: 1 more super-investor hold it than in 2025Q4.
Why super-investors own NCLH
Seth Klarman's new position in 2026Q1 is the headline — Baupost initiated a $68M stake, doubling the cohort's ownership count from one to two for the first time in at least eight quarters. John Rogers remains the largest dollar holder at $274M (3.1% of his portfolio), while Samantha McLemore carries the highest conviction at 4.0%. Joel Greenblatt holds $115M but at a negligible 0.1% weight, suggesting a more incidental position. Combined cohort exposure is $565M across four managers. Interest had been flat for seven consecutive quarters before Klarman's entry, making his initiation the only directional signal here — and a notable one given Baupost's historically high selectivity.
AI-synthesized from 13F filings. Not investment advice.
Cohort owners over time
2020Q4 → 2026Q1How many of the cohort members held this stock each quarter.
Owners (4) · click any column to sort
| #↑ | Manager | % Port. | History | Value | Shares |
|---|---|---|---|---|---|
| 1 | John Rogers | 3.1% | 25q | $274M | 14,661,579 |
| 2 | Joel Greenblatt | 0.1% | 39q | $115M | 6,152,395 |
| 3 | Samantha McLemore | 4.0% | 18q | $108M | 5,749,640 |
| 4 | Seth Klarman | 1.3% | — 1q | $68M | 3,630,000 |
Owners of NCLH also hold
Recent activity (1)
| Manager | Move | % Port. | Δ Shares | Value | Filed |
|---|---|---|---|---|---|
| Seth Klarman | NEW | 1.3% | +100% | $68M | May 14, 2026 |
Long US equity 13F-HR filings only. CUSIP G66721104. Not investment advice.