Vault-13

CARNIVAL PLC CUK

ADS · ADR · CUSIP 14365C103

126 institutional holders +7 vs Q1 2025
39,460,87239.5m shares reported held*
$1.0bnreported value*
27 new 48 added 28 reduced 19 sold out net sold ≈ $137.3m (-5.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.52. Options: 5 managers hold calls ($785.1k notional), 2 hold puts ($2.6k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 77Q4 22: 83Q1 23: 84Q2 23: 81Q3 23: 93Q4 23: 95Q1 24: 109Q2 24: 106Q3 24: 103Q4 24: 127Q1 25: 119Q2 25: 126126Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202277
Q4 202283
Q1 202384
Q2 202381
Q3 202393
Q4 202395
Q1 2024109
Q2 2024106
Q3 2024103
Q4 2024127
Q1 2025119
Q2 2025126

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 23: 45 bought or addedQ3 23: 35 cut or sold outQ4 23: 40 bought or addedQ4 23: 44 cut or sold outQ4 23Q1 24: 56 bought or addedQ1 24: 39 cut or sold outQ2 24: 55 bought or addedQ2 24: 43 cut or sold outQ2 24Q3 24: 44 bought or addedQ3 24: 48 cut or sold outQ4 24: 63 bought or addedQ4 24: 40 cut or sold outQ4 24Q1 25: 50 bought or addedQ1 25: 58 cut or sold outQ2 25: 75 bought or addedQ2 25: 47 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234535
Q4 20234044
Q1 20245639
Q2 20245543
Q3 20244448
Q4 20246340
Q1 20255058
Q2 20257547

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ3 24 calls: $1.1mQ3 24 puts: $326.7kQ3 24P/C 0.30Q4 24 calls: $925.1kQ4 24 puts: $182.3kQ4 24P/C 0.20Q1 25 calls: $257.6kQ1 25 puts: $150.8kQ1 25P/C 0.59Q2 25 calls: $785.1kQ2 25 puts: $2.6kQ2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$1.1m$326.7k0.30
Q4 2024$925.1k$182.3k0.20
Q1 2025$257.6k$150.8k0.59
Q2 2025$785.1k$2.6k0.00

Biggest buyers

BANK OF MONTREAL /CAN/ Added +1,299,639+1.3m
MILLENNIUM MANAGEMENT LLC Added +944,078+944.1k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +628,995+629.0k
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC New +596,826+596.8k
GOLDMAN SACHS GROUP INC Added +592,083+592.1k
Trexquant Investment LP Added +331,651+331.7k
DIMENSIONAL FUND ADVISORS LP Added +313,782+313.8k
STATE OF WISCONSIN INVESTMENT BOARD Added +303,390+303.4k
BlackRock, Inc. Added +236,659+236.7k
LAZARD ASSET MANAGEMENT LLC Added +210,336+210.3k

Biggest sellers

MORGAN STANLEY Reduced -4,081,812-4.1m
ARISTEIA CAPITAL, L.L.C. Reduced -3,919,879-3.9m
Qube Research & Technologies Ltd Sold out -794,913-794.9k
ACADIAN ASSET MANAGEMENT LLC Reduced -734,641-734.6k
TWO SIGMA ADVISERS, LP Sold out -419,800-419.8k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Reduced -377,974-378.0k
RENAISSANCE TECHNOLOGIES LLC Reduced -301,800-301.8k
MACKENZIE FINANCIAL CORP Sold out -266,885-266.9k
UBS Group AG Reduced -260,554-260.6k
Alberta Investment Management Corp Sold out -197,313-197.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $548.5k21.5k shares
CITADEL ADVISORS LLC Reduced $216.8k8.5k shares
GROUP ONE TRADING LLC Reduced $12.8k500 shares
SIMPLEX TRADING, LLC Reduced $7.0k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

GROUP ONE TRADING LLC Reduced $2.6k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: ARISTEIA CAPITAL, L.L.C. (4.7%, 2025-11-14)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARISTEIA CAPITAL, L.L.C. 6.12% of their portfolio GREENWICH, CT 8,473,1968.5m $216.2m $216.2m 6.12% Reduced -3.9m -3,919,879
2 NORGES BANK 0.02% of their portfolio OSLO, Q8 5,963,5316.0m $152.1m $152.1m 0.02% Added +67.8k +67,751
3 ACADIAN ASSET MANAGEMENT LLC 0.16% of their portfolio Boston, MA 2,945,3772.9m $75.1m $75.1m 0.16% Reduced -734.6k -734,641
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio BOSTON, MA 2,426,9232.4m $61.9m $61.9m 0.04% Added +629.0k +628,995
5 RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio NEW YORK, NY 2,420,9002.4m $61.8m $61.8m 0.08% Reduced -301.8k -301,800
6 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 2,082,5982.1m $53.1m $53.1m 0.05% Added +944.1k +944,078
7 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 1,611,2801.6m $41.1m $41.1m 0.02% Added +1.3m +1,299,639
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,080,9751.1m $27.6m $27.6m 0.00% Added +113.1k +113,134
9 STATE OF WISCONSIN INVESTMENT BOARD 0.06% of their portfolio MADISON, WI 979,598979.6k $25.0m $25.0m 0.06% Added +303.4k +303,390
10 ABC ARBITRAGE SA 2.60% of their portfolio PARIS, I0 893,500893.5k $22.8m $22.8m 2.60% Added +133.6k +133,601
11 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 862,933862.9k $22.0m $22.0m 0.00% Added +592.1k +592,083
12 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 719,822719.8k $18.4m $18.4m 0.02% Added +143.3k +143,335
13 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.81% of their portfolio SAN FRANCISCO, CA 596,826596.8k $15.2m $15.2m 0.81% New
14 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 537,461537.5k $13.7m $13.7m 0.01% Added +23.1k +23,056
15 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 536,093536.1k $13.7m $13.7m 0.02% Added +210.3k +210,336
16 CREDIT INDUSTRIEL ET COMMERCIAL 1.84% of their portfolio PARIS FRANCE, I0 455,041455.0k $11.6m $11.6m 1.84% Unchanged
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 439,386439.4k $11.2m $11.2m 0.00% Reduced -4.1m -4,081,812
18 WHITEBOX ADVISORS LLC 0.29% of their portfolio MINNEAPOLIS, MN 419,607419.6k $10.7m $10.7m 0.29% Reduced -108.0k -107,954
19 Trexquant Investment LP 0.11% of their portfolio STAMFORD, CT 388,363388.4k $9.9m $9.9m 0.11% Added +331.7k +331,651
20 KLP KAPITALFORVALTNING AS 0.04% of their portfolio OSLO, Q8 386,362386.4k $9.9m $9.9m 0.04% Added +14.4k +14,400
21 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 356,793356.8k $9.1m $9.1m 0.00% Added +313.8k +313,782
22 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 356,613356.6k $9.1m $9.1m 0.03% Reduced -378.0k -377,974
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 342,730342.7k $8.7m $8.7m 0.00% Reduced -260.6k -260,554
24 BlackRock, Inc. 0.00% of their portfolio New York, NY 342,013342.0k $8.7m $8.7m 0.00% Added +236.7k +236,659
25 Optiver Holding B.V. 0.22% of their portfolio AMSTERDAM, P7 324,640324.6k $8.3m $8.3m 0.22% Added +162.3k +162,344
26 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 317,252317.3k $8.1m $8.1m 0.01% Reduced -6.0k -6,048
27 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 304,730304.7k $7.8m $7.8m 0.01% Added +57.6k +57,648
28 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.49% of their portfolio Englewood, NJ 243,940243.9k $6.2m $6.2m 0.49% Reduced -20.4k -20,367
29 NATIXIS 0.03% of their portfolio PARIS, I0 236,653236.7k $6.0m $6.0m 0.03% Unchanged
30 CIBC WORLD MARKETS CORP 0.04% of their portfolio NEW YORK, NY 228,341228.3k $6.4m $6.4m 0.04% Reduced -4.2k -4,173
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 155,312155.3k $4.0m $4.0m 0.00% Added +76.0k +76,007
32 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 151,036151.0k $3.9m $3.9m 0.00% Added +138.4k +138,442
33 State of Tennessee, Department of Treasury 0.01% of their portfolio NASHVILLE, TN 148,156148.2k $3.8m $3.8m 0.01% Reduced -18.4k -18,385
34 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 141,236141.2k $3.6m $3.6m 0.00% Reduced -15.6k -15,602
35 Cubist Systematic Strategies, LLC 0.04% of their portfolio STAMFORD, CT 139,789139.8k $3.6m $3.6m 0.04% Added +49.5k +49,490
36 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 131,614131.6k $3.4m $3.4m 0.01% Added +96.9k +96,914
37 QRG CAPITAL MANAGEMENT, INC. 0.03% of their portfolio BERWYN, PA 119,027119.0k $3.0m $3.0m 0.03% Added +14.3k +14,267
38 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 114,947114.9k $2.9m $2.9m 0.00% Added +9.8k +9,818
39 Mint Tower Capital Management B.V. 0.36% of their portfolio AMSTERDAM, P7 93,69093.7k $2.4m $2.4m 0.36% Added +820 +820
40 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 84,57684.6k $2.2m $2.2m 0.01% Reduced -41.4k -41,407
41 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 69,50769.5k $1.8m $1.8m 0.00% Reduced -6.8k -6,810
42 Jump Financial, LLC 0.02% of their portfolio Chicago, IL 69,08169.1k $1.8m $1.8m 0.02% New
43 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 67,15467.2k $1.7m $1.7m 0.00% New
44 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 58,86258.9k $1.5m $1.5m 0.02% Added +12.9k +12,857
45 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 55,30455.3k $1.4m $1.4m 0.00% Reduced -1.3k -1,334
46 Aristides Capital LLC 0.43% of their portfolio LOUISVILLE, KY 52,91352.9k $1.3m $1.3m 0.43% Unchanged
47 Graham Capital Management, L.P. 0.04% of their portfolio ROWAYTON, CT 49,37649.4k $1.3m $1.3m 0.04% Reduced -28.2k -28,212
48 XTX Topco Ltd 0.05% of their portfolio LONDON, X0 46,96247.0k $1.2m $1.2m 0.05% New
49 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 46,01746.0k $1.2m $1.2m 0.00% Added +12.9k +12,859
50 Farringdon Capital, Ltd. 0.36% of their portfolio LONDON, X0 42,54142.5k $1.1m $1.1m 0.36% Added +3.0k +3,045
51 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 33,23633.2k $847.9k $847.9k 0.00% Added +1.6k +1,556
52 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 31,48131.5k $803.1k $803.1k 0.00% New
53 DRW Securities, LLC 0.05% of their portfolio CHICAGO, IL 29,15329.2k $743.7k $743.7k 0.05% New
54 TWO SIGMA SECURITIES, LLC 0.08% of their portfolio NEW YORK, NY 26,47426.5k $675.4k $675.4k 0.08% New
55 Freedom Investment Management, Inc. 0.05% of their portfolio SOUTH WINDSOR, CT 26,27226.3k $670.2k $670.2k 0.05% New
56 Bayesian Capital Management, LP 0.10% of their portfolio Brooklyn, NY 23,70023.7k $604.6k $604.6k 0.10% New
57 Callan Family Office, LLC 0.02% of their portfolio RADNOR, PA 21,57521.6k $550.4k $550.4k 0.02% New
58 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 20,24020.2k $516.3k $516.3k 0.00% Reduced -1.5k -1,460
59 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 18,34318.3k $467.9k $467.9k 0.01% Added +980 +980
60 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 14,09714.1k $359.6k $359.6k 0.00% Added +2.1k +2,103
61 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 13,76313.8k $351.1k $351.1k 0.00% Added +118 +118
62 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 13,73313.7k $350.0k $350.0k 0.00% Added +2.6k +2,638
63 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 12,61212.6k $321.7k $321.7k 0.00% Reduced -3.5k -3,536
64 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,69611.7k $298.4k $298.4k 0.00% New
65 Headlands Technologies LLC 0.04% of their portfolio CHICAGO, IL 11,64211.6k $297.0k $297.0k 0.04% New
66 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 11,45511.5k $292.2k $292.2k 0.00% Added +282 +282
67 Legal & General Group Plc 0.00% of their portfolio London, X0 11,42811.4k $291.6k $291.6k 0.00% Unchanged
68 Dynamic Technology Lab Private Ltd 0.03% of their portfolio SINGAPORE, U0 9,7149.7k $248.0k $248.0k 0.03% Reduced -78.6k -78,635
69 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 9,5739.6k $244.6k $244.6k 0.00% Reduced -9.9k -9,950
70 Calydon Capital 0.02% of their portfolio MEMPHIS, TN 9,1489.1k $233.4k $233.4k 0.02% New
71 Manske Wealth Management 0.08% of their portfolio HOUSTON, TX 9,0509.1k $230.9k $230.9k 0.08% New
72 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 8,8658.9k $226.1k $226.1k 0.00% New
73 Ionic Capital Management LLC 0.25% of their portfolio NEW YORK, NY 8,6388.6k $220.4k $220.4k 0.25% New
74 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 8,5348.5k $217.7k $217.7k 0.00% New
75 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,4798.5k $216.3k $216.3k 0.00% Reduced -4.8k -4,835
76 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 8,3488.3k $213.0k $213.0k 0.00% New
77 EntryPoint Capital, LLC 0.10% of their portfolio NEW YORK, NY 7,8517.9k $200.3k $200.3k 0.10% New
78 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 6,9967.0k $178.5k $178.5k 0.00% Reduced -14.0k -13,992
79 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 5,7945.8k $147.8k $147.8k 0.00% Reduced -655 -655
80 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 5,3875.4k $137.4k $137.4k 0.00% Reduced -1.3k -1,282
81 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 4,1884.2k $107.0k $107.0k 0.00% New
82 GAMMA Investing LLC 0.01% of their portfolio FOSTER CITY, CA 3,8623.9k $98.5k $98.5k 0.01% Added +1.1k +1,075
83 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 3,7093.7k $91.9k $91.9k 0.00% Added +319 +319
84 Traub Capital Management LLC 0.08% of their portfolio NEEDHAM, MA 3,1843.2k $81.2k $81.2k 0.08% First filing
85 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,0003.0k $76.5k $76.5k 0.00% New
86 FMR LLC 0.00% of their portfolio BOSTON, MA 2,9312.9k $74.8k $74.8k 0.00% Unchanged
87 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,3482.3k $59.9k $59.9k 0.00% Added +167 +167
88 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,3082.3k $58.9k $58.9k 0.00% Reduced -8.8k -8,831
89 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,8481.8k $47.1k $47.1k 0.00% Added +156 +156
90 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,8191.8k $46.4k $46.4k 0.00% Added +615 +615
91 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,7741.8k $45.3k $45.3k 0.00% Reduced -2.7k -2,730
92 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 1,7401.7k $44.4k $44.4k 0.00% New
93 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,7171.7k $43.7k $43.7k 0.00% Added +459 +459
94 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,6711.7k $42.6k $42.6k 0.00% Added +688 +688
95 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,1151.1k $28.4k $28.4k 0.00% Added +729 +729
96 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0251.0k $26.1k $26.1k 0.00% New
97 Accent Capital Management, LLC 0.01% of their portfolio CENTERVILLE, OH 1,0001.0k $25.5k $25.5k 0.01% Unchanged
98 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 986986 $25.2k $25.2k 0.00% Added +188 +188
99 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 700700 $17.9k $17.9k 0.00% Reduced -69 -69
100 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 638638 $16.3k $16.3k 0.00% Added +171 +171