Forest Avenue Capital Management LP: NORWEGIAN CRUISE LINE HLDGS (NCLH): Quarterly 13F Position History
As of Q2 2026, Forest Avenue Capital Management LP reported 6,153,171 shares of NORWEGIAN CRUISE LINE HLDGS (NCLH), worth $129.9M and representing 5.5% of its 13F equity book. Quarter-over-quarter share count change: + 4,179,939 (+211.8%) . The position first appeared in Q1 2026 and has been disclosed across 2 13F-HR filings in Pactolio's tracked window.
- 6,153,171Shares Held (Latest Filing)
- $129.9MReported Market Value (Latest Filing)
- 5.5%Portfolio Weight (% of 13F Equity Book)
- +4,179,939Quarter-over-Quarter Share Change
- +$93.0MQuarter-over-Quarter Value Change
- 6,153,171Peak Reported Shares (Historical)
Recent initiation: Forest Avenue Capital Management LP first reported NCLH on the Q1 2026 filing, so fewer than three quarters of history are available.
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 2 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 6,153,171 | +4,179,939 | +211.8% | $129.9M | 5.5% | $21.1 |
| Q1 2026 | 1,973,232 | – | – | $36.9M | 2.3% | $18.7 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did Forest Avenue Capital Management LP first disclose a NCLH position in 13F-HR filings?
Forest Avenue Capital Management LP first reported NORWEGIAN CRUISE LINE HLDGS (NCLH) on its 13F-HR filing for the period ending 2026-03-31 (Q1 2026). The position has appeared on 2 reported quarters within Pactolio's tracked window.
What was Forest Avenue Capital Management LP's most recent quarter-over-quarter share-count change in NCLH?
Between Q1 2026 and Q2 2026, Forest Avenue Capital Management LP added 4,179,939 shares of NCLH (+211.8%), bringing the total reported position to 6,153,171 shares at a market value of $129.9M.
Does the implied price-per-share represent Forest Avenue Capital Management LP's cost basis in NCLH?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.