Letters by company

Norwegian Cruise Line Holdings Ltd.

1 letter discussing NCLH. Everything written about it on this site is on its ticker page.

Patient Capital Management 1Q26 Portfolio Activity & Attribution Patient Opportunity Equity Strategy added Adobe after the software selloff and replaced FBTC with IBIT to retain Bitcoin exposure, while selling Alibaba at estimated intrinsic value and exiting Mattel and Peloton to fund new ideas. The strategy argues that concentrated energy exposure offers an anti-fragile diversifier, with offshore drilling and pipeline constraints supporting Noble, Seadrill and Energy Transfer. 1Q26 -6.0% ADBE $110BCHYM $12BET $73BIBIT $173B