13FPulse
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RC

RCL Royal Caribbean Cruises Ltd.

2026Q2 · CUSIP V7780T103 · Sector: Industrials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
1,201
Institutions that reported holding it to the SEC
Net increase in holders
+35
Last quarter 1,166 → now 1,201
How unusual is that
Top 10%
Stronger buying than 91% of US stocks
What the filings say, in one paragraph

1,201 funds held RCL at the end of 2026Q2, up 35 from the quarter before. That is stronger buying than 91.4% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $18.7B(YoY +8.7%), the P/E is 16.4x, return on equity is 43.0%. RCL has had 29 buying rushes in its history. It sits in the Industrials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=252 2013Q4: holders=267 2014Q1: holders=286 2014Q2: holders=303 2014Q3: holders=328 2014Q4: holders=401 2015Q1: holders=400 2015Q2: holders=397 2015Q3: holders=418 2015Q4: holders=436 2016Q1: holders=439 2016Q2: holders=440 2016Q3: holders=414 2016Q4: holders=444 2017Q1: holders=472 2017Q2: holders=519 2017Q3: holders=534 2017Q4: holders=606 2018Q1: holders=617 2018Q2: holders=598 2018Q3: holders=617 2018Q4: holders=611 2019Q1: holders=652 2019Q2: holders=631 2019Q3: holders=615 2019Q4: holders=636 2020Q1: holders=505 2020Q2: holders=519 2020Q3: holders=548 2020Q4: holders=631 2021Q1: holders=656 2021Q2: holders=647 2021Q3: holders=614 2021Q4: holders=637 2022Q1: holders=672 2022Q2: holders=560 2022Q3: holders=569 2022Q4: holders=605 2023Q1: holders=636 2023Q2: holders=745 2023Q3: holders=730 2023Q4: holders=829 2024Q1: holders=840 2024Q2: holders=907 2024Q3: holders=943 2024Q4: holders=1034 2025Q1: holders=1051 2025Q2: holders=1150 2025Q3: holders=1182 2025Q4: holders=1188 2026Q1: holders=1166 2026Q2: holders=1201 -131 -65.5 +0 +65.5 +131 2267441262 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 29 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10% — —
2025Q3 Top 10% — —
2025Q2 Top 5% — —
2025Q1 Top 20% — —
2024Q4 Top 5% — —
2024Q3 Top 10% — —
2024Q2 Top 5% — —
2023Q4 Top 5% — —

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
322
Change in large funds
+25
Total value they hold
$75.2B
Funds buying for the first time
168
Funds that sold out entirely
133
Price change that quarter
—
Funds holding puts (bearish)
34
Funds holding calls (bullish)
34

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
16.4
EPS (TTM)
$16.18
EPS YoY
+19.1%
Revenue (TTM)
$18.7B
Revenue YoY
+8.7%
Net margin
23.5%
ROE
43.0%
Debt ratio
76.6%
FCF (TTM)
-$416M
Dividend (TTM)
$5.00
Quarterly Revenue & EPS
2021-09-30: EPS -5.59 2021-12-31: EPS -5.35 2022-03-31: EPS -4.58 2022-06-30: EPS -2.05 2022-09-30: EPS 0.13 2022-12-31: EPS -1.95 2023-03-31: EPS -0.19 2023-06-30: EPS 1.70 2023-09-30: EPS 3.65 2023-12-31: EPS 1.15 2024-03-31: EPS 1.35 2024-06-30: EPS 3.11 2024-09-30: EPS 4.21 2024-12-31: EPS 2.27 2025-03-31: EPS 2.70 2025-06-30: EPS 4.41 2025-09-30: EPS 5.74 2025-12-31: EPS 2.76 2026-03-31: EPS 3.48 2026-06-30: EPS 4.20 0B 2.6B 5.1B $B -6.15 0.08 6.31 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 20 14 24 33 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-2.4B-526M1.3B 20162017201820192020202120222023202420252026
Latest quarter $1.3B (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.