Norwegian Cruise Line Holdings Experiences $3 Million Fund Cut Amid Nearly 30% Slide

Deltec Asset Management sold 146,667 shares of Norwegian Cruise Line Holdings for $3.10 million, reducing the fund's quarter-end position to $7.67 million. The sale occurred after Norwegian Cruise Line's shares slid nearly 30% and underperformed the S&P 500 by 41.9 percentage points. Deltec's top holdings after the filing included Alphabet, Avago, Amazon, Microsoft, and NVIDIA. Norwegian Cruise Line's diversified fleet and multi-brand strategy make it a leading global cruise operator, but its equity story remains tied to leverage, cyclicality, and macro sensitivity.