ROYAL CARIBBEAN GROUP RCL
COM · Common Stock · CUSIP V7780T103
Cruise holding company
- SectorIndustrials
- IndustryWater Transportation
- HeadquartersMiami, FL
- Founded1997
- Websiteroyalcaribbeangroup.com
- FilingsSEC EDGAR
* 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 ($91.6m this quarter). Holder counts are more reliable. Shares outstanding: 267.5m as of 2026-07-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $317.55. Options: 41 managers hold calls ($2.0bn notional), 40 hold puts ($2.1bn).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 577 |
| Q4 2022 | 608 |
| Q1 2023 | 644 |
| Q2 2023 | 754 |
| Q3 2023 | 736 |
| Q4 2023 | 834 |
| Q1 2024 | 844 |
| Q2 2024 | 912 |
| Q3 2024 | 951 |
| Q4 2024 | 1,039 |
| Q1 2025 | 1,061 |
| Q2 2025 | 1,156 |
| Q3 2025 | 1,192 |
| Q4 2025 | 1,192 |
| Q1 2026 | 1,177 |
| Q2 2026 | 1,229 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 455 | 413 |
| Q4 2024 | 499 | 401 |
| Q1 2025 | 587 | 428 |
| Q2 2025 | 648 | 445 |
| Q3 2025 | 602 | 488 |
| Q4 2025 | 536 | 555 |
| Q1 2026 | 596 | 536 |
| Q2 2026 | 594 | 553 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.8bn | $1.8bn | 0.96 |
| Q4 2025 | $1.2bn | $1.2bn | 0.97 |
| Q1 2026 | $1.4bn | $1.7bn | 1.20 |
| Q2 2026 | $2.0bn | $2.1bn | 1.02 |
Biggest buyers
| Capital Research Global Investors | Added | +6.0m |
| Sanders Capital, LLC | New | +2.6m |
| BARCLAYS PLC | Added | +1.1m |
| Beutel, Goodman & Co Ltd. | New | +850.1k |
| JPMORGAN CHASE & CO | Added | +337.2k |
| STATE STREET CORP | Added | +270.9k |
| Junto Capital Management LP | New | +268.0k |
| UBS Group AG | Added | +251.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +193.6k |
| DIMENSIONAL FUND ADVISORS LP | Added | +180.0k |
Biggest sellers
| BlackRock, Inc. | Reduced | -1.4m |
| Capital World Investors | Reduced | -1.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -656.5k |
| Capital International Investors | Reduced | -557.6k |
| GOLDMAN SACHS GROUP INC | Reduced | -548.3k |
| BESSEMER GROUP INC | Reduced | -531.2k |
| Balyasny Asset Management L.P. | Reduced | -471.0k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | Reduced | -377.6k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -355.4k |
Biggest calls
| UBS Group AG | Added | $482.2m1.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $351.2m1.1m shares |
| CITADEL ADVISORS LLC | Added | $341.6m1.1m shares |
| JANE STREET GROUP, LLC | Added | $169.5m533.8k shares |
| HRT FINANCIAL LP | Added | $165.9m522.5k shares |
| Caption Management, LLC | Added | $132.6m417.5k shares |
| IMC-Chicago, LLC | Added | $97.8m308.0k shares |
| BARCLAYS PLC | Added | $95.3m300.0k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $41.4m130.4k shares |
| Walleye Trading LLC | Reduced | $18.0m56.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $734.1m2.3m shares |
| CITADEL ADVISORS LLC | Added | $311.0m979.5k shares |
| BARCLAYS PLC | Added | $238.1m750.0k shares |
| JANE STREET GROUP, LLC | Added | $223.1m702.7k shares |
| IMC-Chicago, LLC | Added | $151.8m478.2k shares |
| GROUP ONE TRADING LLC | Added | $64.4m202.9k shares |
| SIMPLEX TRADING, LLC | Added | $55.7m175.5k shares |
| Walleye Trading LLC | Added | $51.2m161.2k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $36.4m114.6k shares |
| PEAK6 LLC | Reduced | $33.8m106.6k 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.
| Holder | Stake |
|---|---|
| Capital International Investors 13G · institution -4.1 pts · filed 2026-05-14 | 9.5% |
| Capital World Investors 13G · institution +1.0 pts · filed 2026-05-14 | 7.6% |
| BlackRock, Inc. 13G · institution filed 2025-10-17 | 7.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.9% |
| Capital Research Global Investors 13G · institution -6.4 pts · filed 2026-10-06 | 6.4% |
| AWILHELMSEN AS 13G · exempt (held before listing) -0.7 pts · filed 2026-05-12 | 6.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 4 | $252.8m | — |
| Q1 2025 | 0 | — | 5 | $41.4m | — |
| Q2 2025 | 0 | — | 3 | $6.9m | $1.5m |
| Q3 2025 | 0 | — | 3 | $10.1m | — |
| Q4 2025 | 0 | — | 1 | $309.9k | — |
| Q1 2026 | 0 | — | 7 | $626.7m | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $4.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-29 | Bayley Michael W Pres&CEO, Royal Caribbean Intl | Sold | $4.0m12.8k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Capital Research Global Investors 1.52% of their portfolio | 34.3m $10.9bn | Added +6.0m |
| Capital International Investors 1.61% of their portfolio | 24.5m $7.8bn | Reduced -557.6k |
| BlackRock, Inc. 0.10% of their portfolio | 20.6m $6.5bn | Reduced -1.4m |
| Capital World Investors 0.70% of their portfolio | 18.7m $5.9bn | Reduced -1.4m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 16.0m $5.1bn | Reduced -55.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.18% of their portfolio | 12.2m $3.9bn | Reduced -32.7k |
| OSIRIS HOLDINGS INC. 100.00% of their portfolio | 11.7m $3.7bn | First filing |
| STATE STREET CORP 0.10% of their portfolio | 10.7m $3.4bn | Added +270.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 6.9m $2.2bn | Reduced -102.8k |
| JPMORGAN CHASE & CO 0.07% of their portfolio | 3.8m $1.2bn | Added +337.2k |
| MORGAN STANLEY 0.05% of their portfolio | 3.2m $1.0bn | Added +80.2k |
| Sanders Capital, LLC 0.83% of their portfolio | 2.6m $826.6m | New |
| NORTHERN TRUST CORP 0.09% of their portfolio | 2.3m $746.1m | Reduced -23.8k |
| Invesco Ltd. 0.06% of their portfolio | 2.3m $723.9m | Reduced -121.0k |
| DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio | 2.1m $678.7m | Added +180.0k |
| PRIMECAP MANAGEMENT CO/CA/ 0.40% of their portfolio | 2.1m $669.8m | Reduced -237.5k |
| Jupiter Topco LLC 0.24% of their portfolio | 1.9m $597.3m | First filing |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 1.8m $556.0m | Reduced -548.3k |
| UBS Group AG 0.09% of their portfolio | 1.7m $548.7m | Added +251.2k |
| BARCLAYS PLC 0.16% of their portfolio | 1.6m $513.2m | Added +1.1m |
| NORGES BANK 0.05% of their portfolio | 1.6m $510.9m | Not comparable |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 1.5m $483.9m | Reduced -11.3k |
| VANGUARD FIDUCIARY TRUST CO 0.10% of their portfolio | 1.4m $448.7m | Reduced -32.5k |
| CITIGROUP INC 0.20% of their portfolio | 1.4m $441.0m | Added +175.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.34% of their portfolio | 1.3m $420.5m | Reduced -89.8k |
| Legal & General Group Plc 0.09% of their portfolio | 1.3m $413.4m | Reduced -73.2k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 1.3m $397.3m | Added +136.7k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 1.2m $381.3m | Reduced -77.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 1.2m $374.9m | Reduced -231.1k |
| National Pension Service 0.21% of their portfolio | 1.0m $322.1m | Added +14.5k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.0m $321.3m | Reduced -108.6k |
| AMERICAN CENTURY COMPANIES INC 0.13% of their portfolio | 912.7k $289.8m | Reduced -277.2k |
| FMR LLC 0.01% of their portfolio | 860.8k $273.3m | Reduced -171.5k |
| Amundi 0.07% of their portfolio | 858.7k $272.7m | Reduced -108.9k |
| Beutel, Goodman & Co Ltd. 1.99% of their portfolio | 850.1k $269.9m | New |
| Nuveen, LLC 0.06% of their portfolio | 766.0k $243.2m | Reduced -171.2k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 765.7k $243.1m | Reduced -62.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.19% of their portfolio | 753.5k $239.3m | Reduced -257.3k |
| RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio | 739.1k $234.7m | Reduced -107.7k |
| Swiss National Bank 0.12% of their portfolio | 718.6k $228.2m | Reduced -41.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 701.9k $222.9m | Reduced -656.5k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 673.2k $213.8m | Added +71.4k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 663.4k $210.7m | Added +96.9k |
| TD Asset Management Inc 0.18% of their portfolio | 641.6k $203.7m | Added +128.2k |
| Capital International, Inc./CA/ 1.39% of their portfolio | 622.2k $197.6m | Added +15.2k |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 616.4k $195.7m | Added +25.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 614.2k $195.0m | Added +42.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 549.3k $174.4m | Added +4.7k |
| Vanguard Global Advisers, LLC 0.08% of their portfolio | 540.0k $171.5m | Reduced -13.1k |
| Ensign Peak Advisors, Inc 0.27% of their portfolio | 513.6k $163.1m | Reduced -83.4k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.10% of their portfolio | 489.5k $155.4m | Added +48.9k |
| RHUMBLINE ADVISERS 0.11% of their portfolio | 467.1k $148.3m | Reduced -29.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 454.2k $144.2m | Added +67.6k |
| ASSETMARK, INC 0.24% of their portfolio | 433.9k $137.8m | Reduced -14.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio | 418.3k $132.8m | Reduced -167.5k |
| CAPITAL INTERNATIONAL SARL 1.84% of their portfolio | 408.2k $129.6m | Added +15.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 397.3k $126.0m | Reduced -135.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 373.2k $118.5m | Added +28.2k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 370.1k $117.6m | Added +28.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.15% of their portfolio | 345.3k $109.6m | Reduced -103.1k |
| Rathbones Group PLC 0.38% of their portfolio | 324.9k $103.2m | Reduced -342.5k |
| Silvant Capital Management LLC 2.90% of their portfolio | 314.2k $99.8m | Added +9.2k |
| PNC Financial Services Group, Inc. 0.05% of their portfolio | 309.3k $98.2m | Added +4.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.24% of their portfolio | 308.7k $98.0m | Reduced -59.1k |
| California Public Employees Retirement System 0.05% of their portfolio | 307.2k $97.5m | Reduced -26.6k |
| AMF Tjanstepension AB 0.57% of their portfolio | 304.8k $96.8m | Unchanged |
| FEDERATED HERMES, INC. 0.14% of their portfolio | 304.7k $96.8m | Reduced -335.6k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.14% of their portfolio | 300.6k $95.5m | Reduced -258.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 293.7k $93.3m | Added +14.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 290.1k $92.1m | Reduced -2.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 289.1k $91.8m | Reduced -10.3k |
| CIBC Bancorp USA Inc. 0.11% of their portfolio | 280.6k $89.1m | Reduced -36.2k |
| NATIXIS ADVISORS, LLC 0.10% of their portfolio | 277.2k $88.0m | Added +36.4k |
| Junto Capital Management LP 1.57% of their portfolio | 268.0k $85.1m | New |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 267.9k $73.7m | Reduced -4.6k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 267.0k $84.8m | Added +15.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 263.6k $84.7m | Added +77.7k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 259.4k $82.4m | Added +67.5k |
| MACKENZIE FINANCIAL CORP 0.08% of their portfolio | 246.2k $78.2m | Added +157.2k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 236.6k $75.2m | Added +95.0k |
| MARSHALL WACE, LLP 0.06% of their portfolio | 236.5k $75.1m | Reduced -239.8k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.69% of their portfolio | 234.0k $74.3m | Reduced -4.3k |
| Quantinno Capital Management LP 0.09% of their portfolio | 232.9k $74.0m | Added +67.9k |
| SG Americas Securities, LLC 0.04% of their portfolio | 223.4k $70.9m | Reduced -55.5k |
| AVIVA PLC 0.10% of their portfolio | 223.1k $70.8m | Added +586 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.11% of their portfolio | 217.7k $69.1m | Reduced -5.4k |
| Handelsbanken Fonder AB 0.19% of their portfolio | 215.2k $68.3m | Reduced -65.7k |
| Robeco Institutional Asset Management B.V. 0.08% of their portfolio | 214.2k $68.0m | Reduced -5.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% of their portfolio | 210.0k $66.7m | Added +23.5k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.59% of their portfolio | 208.5k $66.2m | Added +120.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 205.6k $65.3m | Added +193.6k |
| Korea Investment CORP 0.12% of their portfolio | 205.1k $65.1m | Added +36.5k |
| LPL Financial LLC 0.01% of their portfolio | 198.1k $62.9m | Added +9.2k |
| CAPITAL INTERNATIONAL LTD /CA/ 2.03% of their portfolio | 195.6k $62.1m | Added +3.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 194.7k $61.8m | Added +1.3k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 187.9k $59.7m | Reduced -73.4k |
| Treasurer of the State of North Carolina 0.15% of their portfolio | 185.7k $59.0m | Reduced -6.2k |
| M&G PLC 0.28% of their portfolio | 178.4k $56.7m | Reduced -34 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 177.9k $56.5m | Added +38.2k |
| Retirement Systems of Alabama 0.17% of their portfolio | 177.5k $56.4m | Reduced -1.0k |