- Seth Klarman's hedge fund Baupost disclosed its Q2 portfolio adjustments in its latest 13F filing.
- The firm initiated new positions in CME and Pershing Square while completely exiting Willis Towers Watson.
- Baupost also increased its stakes in Amazon and Alphabet during the quarter.
- Bank of America Corp DE significantly increased its holdings in Norwegian Cruise Line Holdings Ltd. by 61.0% during the 1st quarter.
- Institutional investors and hedge funds now own approximately 69.58% of the company's stock following various portfolio adjustments.
- Norwegian Cruise Line reported quarterly earnings of $0.48 per share alongside $2.64 billion in revenue for the period.