15-05-2025
John Rogers' Strategic Moves: A Closer Look at Norwegian Cruise Line Holdings Ltd
John Rogers (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. John Rogers (Trades, Portfolio) founded Ariel Investment, LLC in 1983. Rogers manages Ariel's small and mid-cap institutional portfolios as well as the Ariel Fund (ARGFX) and Ariel Appreciation Fund (CAAPX). He is also a long-term Forbes columnist writing a column called "Patient Investor." Rogers has concentrated his investment selection on small and medium-sized companies whose share prices are undervalued. He believes that patience, independent thinking, and a long-term outlook are essential to achieving good returns. His fund seeks to purchase companies whose characteristics include high barriers to entry, sustainable competitive advantages, and predictable fundamentals that allow for double-digit cash earnings growth. Rogers purchases companies when they are trading at a low valuation relative to potential earnings (p/e less than 13x forward cash earnings) and/or a low valuation relative to intrinsic worth (40% discount to private market value).
Warning! GuruFocus has detected 6 Warning Sign with UBER.
John Rogers (Trades, Portfolio) added a total of 5 stocks, among them:
The most significant addition was Algonquin Power & Utilities Corp (NYSE:AQN), with 6,952,341 shares, accounting for 0.42% of the portfolio and a total value of $35.73 million.
The second largest addition to the portfolio was Owens-Corning Inc (NYSE:OC), consisting of 112,578 shares, representing approximately 0.19% of the portfolio, with a total value of $16.08 million.
The third largest addition was Vanguard Total World Stock ETF (VT), with 74,824 shares, accounting for 0.1% of the portfolio and a total value of $8.68 million.
John Rogers (Trades, Portfolio) also increased stakes in a total of 48 stocks, among them:
The most notable increase was Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), with an additional 5,077,531 shares, bringing the total to 9,081,170 shares. This adjustment represents a significant 126.82% increase in share count, a 1.13% impact on the current portfolio, with a total value of $172.18 million.
The second largest increase was OneSpaWorld Holdings Ltd (NASDAQ:OSW), with an additional 2,932,284 shares, bringing the total to 10,713,305. This adjustment represents a significant 37.69% increase in share count, with a total value of $179.88 million.
John Rogers (Trades, Portfolio) completely exited 9 of the holdings in the first quarter of 2025, as detailed below:
Royal Caribbean Group (NYSE:RCL): John Rogers (Trades, Portfolio) sold all 457,908 shares, resulting in a -1.13% impact on the portfolio.
DaVita Inc (NYSE:DVA): John Rogers (Trades, Portfolio) liquidated all 235,058 shares, causing a -0.38% impact on the portfolio.
John Rogers (Trades, Portfolio) also reduced positions in 49 stocks. The most significant changes include:
Reduced Check Point Software Technologies Ltd (NASDAQ:CHKP) by 459,120 shares, resulting in a -40.4% decrease in shares and a -0.91% impact on the portfolio. The stock traded at an average price of $211.9 during the quarter and has returned -2.70% over the past 3 months and 15.75% year-to-date.
Reduced The Goldman Sachs Group Inc (NYSE:GS) by 108,472 shares, resulting in a -92.33% reduction in shares and a -0.66% impact on the portfolio. The stock traded at an average price of $601.74 during the quarter and has returned -6.30% over the past 3 months and 8.09% year-to-date.
At the first quarter of 2025, John Rogers (Trades, Portfolio)'s portfolio included 106 stocks, with top holdings including 3.16% in Mattel Inc (NASDAQ:MAT), 3.02% in Jones Lang LaSalle Inc (NYSE:JLL), 2.99% in Madison Square Garden Entertainment Corp (NYSE:MSGE), 2.86% in Lazard Inc (NYSE:LAZ), and 2.85% in First American Financial Corp (NYSE:FAF).
The holdings are mainly concentrated in 11 industries: Financial Services, Consumer Cyclical, Industrials, Healthcare, Communication Services, Technology, Consumer Defensive, Real Estate, Energy, Basic Materials, and Utilities.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
