Royal Caribbean Group

RCL • NYSE

Royal Caribbean Group is a travel services company in the consumer cyclical sector on NYSE, led by Jason T. Liberty, with a market cap of $76.3B. As of Q3 2025, 80% of shares are held by 1,157 institutional investors, with Capital International Investors as the largest holder at 12.13%.

Chief Executive OfficerJason T. Liberty

Market Cap$76.3B

Travel Services

Consumer Cyclical

Employees98.2K

Websiteroyalcaribbeangroup.com

Country

United States of America

Overview

Overview of institutional ownership in RCL as of Q3 2025 with a market cap of $87.9B

All Institutions

Institutions: 1,157
Value Held: $70.5B
Shares Held: 217.8M
Avg Position: $60.9M
Median Position: $714.1K

Hedge Funds

Hedge Funds: 58
Value Held: $711.6M
Shares Held: 2.2M
Avg Position: $12.3M
Median Position: $3.9M

Ownership Breakdown

Institutional (non-HF)

79.36%

$69.8B

Hedge Funds

0.81%

$711.6M

Retail & Other

19.83%

$17.4B

Based on market cap of $87.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RCL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
C Capital International Investors Institution	-	$10.7B 1.73% of portfolio	12.13% 32.9M shares	Q2 2019 Held for 6y 5m	$615.90B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$9.7B 0.15% of portfolio	11.07% 30.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$6.8B 0.12% of portfolio	7.74% 21.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$6.2B 1.17% of portfolio	7.09% 19.3M shares	Q1 2020 Held for 5y 8m	$532.36B
C Capital World Investors Institution	-	$5.5B 0.75% of portfolio	6.25% 17.0M shares	Q2 2023 Held for 2y 5m	$730.00B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$3.4B 0.12% of portfolio	3.89% 10.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$2.2B 0.14% of portfolio	2.54% 6.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.2B 0.07% of portfolio	1.33% 3.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.0B 0.06% of portfolio	1.16% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$1.0B 0.16% of portfolio	1.16% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B

Net Capital Flow

Institutional buying and selling activity for RCL in Q3 2025

Traded: −$1.6B
Buyers: 588
Sellers: 482
Total Bought: +$4.2B
Total Sold: −$5.8B
Avg Position: $56.1M

Biggest Buyers

Institution	Net Bought	Current Position
GOLDMAN SACHS GROUP INC Institution	+$313.7M +969.6K shares	$912.6M 2.8M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$243.1M +751.2K shares	$525.9M 1.6M shares
B BlackRock, Inc. Institution	+$223.3M +690.0K shares	$6.8B 21.0M shares
AMERIPRISE FINANCIAL INC Institution	+$221.3M +683.9K shares	$356.5M 1.1M shares
T TD ASSET MANAGEMENT INC Institution	+$185.8M +574.3K shares	$218.9M 676.6K shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	+$154.6M +477.9K shares	$213.9M 661.0K shares
VANGUARD GROUP INC Institution	+$149.5M +462.0K shares	$9.7B 30.1M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	+$147.8M +456.9K shares	$234.8M 725.6K shares
HENDERSON GROUP PLC Institution	+$137.9M +426.1K shares	$631.3M 2.0M shares
FRANKLIN RESOURCES INC Institution	+$134.4M +415.3K shares	$162.1M 501.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
Capital Research Global Investors RIA/Wealth	−$2.1B −6.6M shares	$6.2B 19.3M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$500.0M −1.5M shares	$1.5M 4.7K shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	−$322.6M −997.0K shares	$527.9M 1.6M shares
Bank of New York Mellon Corp Institution	−$275.7M −852.1K shares	$700.9M 2.2M shares
C Capital World Investors Institution	−$272.9M −843.4K shares	$5.5B 17.0M shares
G GCIC Ltd. Institution	−$174.7M −539.8K shares	$3.6M 11.1K shares
N Nuveen, LLC Institution	−$159.8M −493.9K shares	$386.9M 1.2M shares
Z Zurich Insurance Group Ltd/FI Institution	−$139.1M −444.1K shares	Sold Off 0 shares
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	−$135.5M −418.7K shares	$892.1M 2.8M shares
C Capital Group Private Client Services, Inc. RIA/Wealth	−$125.6M −388.2K shares	$28.9M 89.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited RCL in Q3 2025

New Positions: 67
New Value: $29.3M
Exited Positions: 98
Exited Value: $422.5M

New Positions

Institution	Position Value
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$6.9M 21.2K shares
EFG Asset Management Corp. Long Only Manager	$1.8M 5.5K shares
1 111 Capital Institution	$1.7M 5.2K shares
S Sageworth Trust Co Institution	$1.7M 5.2K shares
T TEMA ETFS LLC Institution	$1.6M 4.8K shares
F Fisher Funds Management LTD Institution	$1.3M 4.0K shares
Integrated Quantitative Investments LLC Long Only Manager	$1.0M 3.2K shares
Diversify Advisory Services, LLC RIA/Wealth	$996.2K 3.6K shares
EFG Asset Management Corp. RIA/Wealth	$917.0K 2.8K shares
Center For Asset Management LLC RIA/Wealth	$875.3K 2.7K shares

Exited Positions

Institution	Previous Position
Z Zurich Insurance Group Ltd/FI Institution	$139.1M 444.1K shares
F Forest Avenue Capital Management LP Hedge Fund•Long/Short	$87.3M 278.8K shares
Junto Capital Management LP Hedge Fund•Long/Short	$46.4M 148.1K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$35.5M 113.4K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$19.1M 61.1K shares
NISSAY ASSET MANAGEMENT CORP /JAPAN/ /ADV Insurance Manager	$12.5M 39.8K shares
B BNP Paribas Investment Partners S.A. Institution	$11.5M 36.6K shares
S Sienna Gestion Institution	$9.2M 32.3K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	$8.4M 27.0K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$5.5M 17.5K shares

Options Activity

Institutions with the largest Call and Put options positions in RCL as of Q3 2025

Call Positions: 44
Call Value: $1.6B
Put Positions: 47
Put Value: $1.5B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$446.7M 13.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$222.1M 6.9K contracts
W WOLVERINE TRADING, LLC Institution	$202.7M 6.2K contracts
Caption Management, LLC Hedge Fund•Long/Short	$115.5M 3.6K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$110.8M 3.4K contracts
J JANE STREET GROUP, LLC Institution	$76.7M 2.4K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$69.8M 2.2K contracts
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	$65.5M 2.0K contracts
BARCLAYS PLC Institution	$40.6M 1.3K contracts
D D. E. Shaw & Co., Inc. Institution	$39.3M 1.2K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$473.5M 14.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$218.8M 6.8K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$182.5M 5.6K contracts
W WOLVERINE TRADING, LLC Institution	$118.9M 3.6K contracts
J JANE STREET GROUP, LLC Institution	$63.8M 2.0K contracts
Walleye Trading LLC RIA/Wealth	$40.2M 1.2K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$39.0M 1.2K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$38.1M 1.2K contracts
C Cubist Systematic Strategies, LLC Institution	$34.3M 1.1K contracts
CITIGROUP INC Institution	$32.4M 1.0K contracts

Most Committed Institutions

Institutions with RCL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
CTF Capital Management, LP Hedge Fund•Long/Short	Sky Wilber CIO	8.34% $17.9M	0.02% 55.2K shares	Q3 2024 Held for 1y 2m	$214.3M
Columbus Hill Capital Management, L.P. Hedge Fund•Multi-Strategy	Kevin Deric Eng CEO	6.85% $49.3M	0.06% 152.5K shares	Q1 2024 Held for 1y 8m	$720.1M
N Newbrook Capital Advisors LP Hedge Fund•Long/Short	Christopher Scott Reed CFO	6.04% $45.3M	0.05% 140.0K shares	Q1 2024 Held for 1y 8m	$750.4M
NOESIS CAPITAL MANGEMENT CORP RIA/Wealth	Nicolaas Bernardus Maria Letschert CEO	3.83% $24.6M	0.03% 76.2K shares	Q1 2015 Held for 10y 8m	$644.2M
Q Q Global Advisors, LLC Institution	-	3.80% $1.1M	0.00% 3.4K shares	Q4 2023 Held for 1y 11m	$28.5M
Silvant Capital Management LLC Long Only Manager	George Robert Aylward CEO	3.13% $90.1M	0.10% 278.5K shares	Q1 2018 Held for 7y 8m	$2.9B
ADVENT CAPITAL MANAGEMENT /DE/ Hedge Fund•Multi-Strategy	Tracy Vincent Maitland CEO	2.80% $2.3M	0.00% 7.0K shares	Q3 2025 Held for 2 months	$80.9M
R ROYAL BANK OF SCOTLAND GROUP PLC Institution	-	2.65% $10.7M	0.01% 33.1K shares	Q2 2025 Held for 5 months	$404.6M
Dorsey Wright & Associates ETF Provider	John Gunnard Lewis President	2.36% $9.1M	0.01% 28.0K shares	Q4 2024 Held for 11 months	$384.3M
Range Financial Group LLC RIA/Wealth	Eric Robert Dahm Managing Partner	2.24% $6.2M	0.01% 19.1K shares	Q2 2023 Held for 2y 5m	$276.8M

Hedge Fund Spotlight

Discover hedge funds investing in RCL

LANDSCAPE CAPITAL MANAGEMENT, L.L.C.

Hedge Fund • Market Neutral

Portfolio ManagerGeorge Demetrios Papadopoulos

Portfolio Value: $1.6B
Positions: 605
Last Reported: Q3 2025

Sector Allocation

Position in Royal Caribbean Group

Market Value: $4.0M
Shares Held: 12.4K
Portfolio Weight: 0.25%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 iShares 1-3 Year Treasury Bond SHY	ETF ETF	$48.4M	3.06%
2 Heico Corporation HEI.A	Aerospace & Defense Industrials	$27.5M	1.74%
3 Monster Beverage MNST	Beverages - Non-Alcoholic Consumer Defensive	$23.5M	1.48%