Time To Send Your Money On A Cruise? This Elite Investor Thinks So

In the second quarter, hedge funds were bullish on Royal Caribbean Cruises Ltd (NYSE:RCL), ending June with holdings of $1.29 billion, or 7.40% of the firm’s shares, with the aggregate value up by 8.72% on the quarter, opposing the 3.86% decline in the stock’s price. There were 43 hedge funds long Royal Caribbean by the end of said period, down by six. Donald Chiboucis’ Columbus Circle Investors owned 1.94 million shares of the firm, down by 14% from one quarter earlier.

Hedge funds had $1.99 billion invested in Carnival Corp (NYSE:CCL) by the end of June, only 5% of the firm’s total market capitalization. This is an increase in value of 1.78% on the quarter, less than the 3.24% appreciation of the stock. The number of hedge funds with long positions on Carnival by the end of the second quarter was unchanged at 49. Kerr Neilson’s Platinum Asset Management owned 9.48 million Carnival shares on June 30.

Meanwhile, hedge funds owned 6.90% of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH)’s shares by the end of the second quarter, bringing the value of their collective holdings up by 13.69% to $889.06 million. The stock’s price increased by 3.76% in said period. 38 hedge funds were long Norwegian Cruise Line by the end of June, up by three from the end of March. Richard Barrera’s Roystone Capital Partners owned 3.44 million shares at the end of the second quarter.

Disclosure: None