Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Carnival Corp (CCL)

1K + Investors. Track Smart Money conviction in CCL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -69
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — CCL

Based on 1022 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CCL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
1,022 funds currently hold this stock — 94% of the 3.0-year high of 1,091 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+98 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

594 buying508 selling
Last quarter: 594 funds bought or added vs 508 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-54 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 181 → 137 → 188 → 134. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 18% medium ■ 18% new
653 out of 1,022 hedge funds have held CCL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~134 new funds/quarter

140 → 181 → 137 → 188 → 134 new funds/Q
New funds entering each quarter: 181 → 137 → 188 → 134. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 68% veterans vs 21% newcomers

■ 68% veterans ■ 11% 1-2yr ■ 21% new
Entry-cohort mix of 1,087 holders: 743 (68%) are 2+ year veterans, 118 entered 1–2 years ago, and 226 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
65 of 1015 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in CCL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CCL

In 2026 Q1, 594 hedge funds were net buyers of CCL (134 opened a new position, 460 added to an existing one), while 508 reduced or exited (305 trimmed, 203 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 40% of total institutional value in CCL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -69 funds (more exits than new entries). Total institutional holders: 1022.

Hedge Fund Ownership: CCL

How many hedge funds hold CCL — quarterly history vs. share price
Quarterly hedge fund ownership of CCL vs. share price

Market Analysis: CCL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CCL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Carnival Corp (CCL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CCL has moved relative to its sector benchmark (XLY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 89d ago
CCL
+12.3%
XLY
+5.2%

CCL outperformed XLY by +7.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 44d ago
CCL
+18.7%
XLY
-1.7%

Since the filing became public, CCL outperformed XLY by +20.4% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

61 top-rated funds 5 high-conviction
Consensus
7.8
/ 10
breadth
×
Elite
3.4
/ 10
conviction
Hedge Fund Positioning: CCL
1K + Investors

Track Smart Money conviction in CCL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1014 1091 -7.06%
13F Shares 913M 959M -4.76%
Total Value $23.12B $28.69B -19.43%
New Positions 129 188 -59
Increased Positions 440 379 +61
Closed Positions 206 125 +81
Reduced Positions 288 314 -26
Total Calls 36 40 -10.0%
Total Puts 35 43 -18.6%
PUT/CALL Ratio 0.97 1.07 Neutral

Statistics: CCL

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Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CCL. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CCL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Hound Partners, LLC 14.62% 4,514,839 $116.8M
2 Causeway Capital Management LLC 11.79% 37,096,593 $960.1M
3 Nixon Capital, LLC 7.68% 869,152 $22.5M
4 59 North Capital Management, LP 7.18% 9,305,802 $240.8M
5 Black Cypress Capital Management, LLC 4.69% 252,220 $6.5M
6 Hook Mill Capital Partners, LP 4.63% 2,029,374 $52.5M
7 Tabor Asset Management, LP 4.06% 389,838 $10.1M
8 Darwins River Capital, LP 3.89% 280,786 $7.3M
9 Clough Capital Partners L P 3.64% 1,460,718 $37.8M
10 Deltec Asset Management LLC 2.98% 627,384 $16.2M
11 Barrow Hanley Mewhinney & Strauss LLC 2.51% 29,632,847 $766.9M
12 Mad River Investors 1.45% 156,181 $4.0M
13 Kettle Hill Capital Management, LLC 1.43% 221,099 $5.7M
14 Stance Capital LLC 1.32% 104,768 $2.7M
15 Scott & Selber, Inc. 1.21% 180,615 $4.7M
16 Portland Investment Counsel INC. 1.16% 139,602 $3.6M
17 Beck Bode, LLC 1.01% 230,787 $6.0M
18 Credit Capital Investments LLC 1.01% 43,000 $1.1M
19 Viking Global Investors LP 0.99% 13,721,348 $355.1M
20 Renaissance Group LLC 0.99% 916,677 $23.7M
21 Infusive Asset Management Inc. 0.91% 72,500 $1.9M
22 Sapience Investments, LLC 0.87% 260 $7K
23 Pentwater Capital Management LP 0.81% 6,060,000 $156.8M
24 Wedge Capital Management L L P/Nc 0.75% 1,569,169 $40.6M
25 L1 Capital Pty Ltd 0.73% 715,980 $18.5M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Carnival Corp (CCL)

What does the Smart Money Trend signal show for CCL?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CCL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CCL?

Slight buying edge — 54% buying: Last quarter: 594 funds bought or added vs 508 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CCL holders?

Elite ownership — 40% AUM from top-100 funds: 65 of 1015 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in CCL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CCL?

64% of holders stayed for 2+ years: 653 out of 1,022 hedge funds have held CCL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Carnival Corp (CCL) following the 2026 Q1 hedge fund 13F filings?

As of today, CCL has moved +18.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.7% for the XLY sector ETF — an outperformance of +20.4%. Since the quarter end (March 31, 2026), CCL has gained +12.3% vs +5.2% for XLY. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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