Carnival Corp. (CCL) operates cruise lines in North America, Europe, Asia, and Australia. Its brands include Carnival Cruise Line, Princess Cruises, Seabourn, and Cunard. Carnival experienced a significant negative impact on its business as a result of the COVID-19 pandemic. Guest passenger operations were paused in March 2020 but bookings have recovered and have reached an all-time high in 2024.

The top shareholders of Carnival are Randall Weisenberger, David Bernstein, Stuart Subotnick, Vanguard Group, BlackRock, and State Street Corpo♋ration.

Carnival's 12-month trailing net income (TTM) was $2.84 billion and its 12-month trailing revenue was $23.43 billion as of August 2024. The company had a market capitalization of $19.33 billion at that time. The company is dually listed, trading as Carnival Corp. (CCL) in the U.S. and as Carnival plc (CCL) on the London Stock Exchange.

Top 3 Individual Insider Shareholders

This list reflects direct ownership. It doesn't include indirect ownership of shares or shares that are accessible through stock options.

Randall J. Weisenburger

Randall J. Weisenburger owned 1,351,750 shares of Carnival as of April 8, 2024.

Weisenburger has been a member of the board of directors of Carnival Corp and Carnival plc since 2009. He's also a managing member of Mile26 Capital LLC, a private investment firm, a position he's held since 2015. He was executive vice president and chief financial officer of Omnicom Group Inc. (OMC) from 1998 through 2014. Weisenburger also serves on the boards of Corsair Gaming Inc. (CRSR), MP Materials Corp. (MP), and Valero Energy Corp. (VLO).

David Bernstein

David Bernstein owned 239,421 Carnival shares as of April 8, 2024.

Bernstein has been chief financial officer of Carnival Corp since 2007. He became chief accounting officer as well in 2016. Bernstein oversees the company's accounting, planning, insurance, tax, investor relations, and global casino operations. He's served in several other leadership positions at Carnival, including chief financial officer of the Cunard and Seabourn operations. He held multiple financial positions at Royal Caribbean Cruises Ltd before joining Carnival. (RCL).

Stuart A. Subotnick

Stuart Subotnick held 114,208 shares of Carnival as of April 8, 2024.

Subotnick has served as an independent Carnival Corporation director since 1987 and as an independent Carnival plc director since 2003. He's also served on the audit, compliance and nominating and governance committees where he acts as chair. He served on the board of AboveNet, Inc. from 1997 through 2012. Subotnick took over as president and chief executive officer of Metromedia Company in Delaware in 2010 and continues to hold these positions in 2024.

Top 3 Institutional Shareholders

Institutional shareholders aren't necessarily financial institutions. They may be shareholders that file either a 13D or a 13G form and own more than 5% of outstanding shares or those that file a 13F form and are an institutional investment manager with over $100 million in assets under management (AUM).

Institutional investors held 58.98% of Carnival's shares as of August 2024.

Vanguard Group Inc.

Vanguard Group held 112.9 million Carnival shares representing 10.06% of shares outstanding as of March 31, 2024.

Vanguard is primarily a mutual fund and ETF management company with about $8.6 trillion in global AUM as of 2024. The Vanguard Mid-Cap Value ETF (VOE) is one of several Vanguard funds that holds Carnival shares.

BlackRock, Inc.

BlackRock held 65.92 million Carnival shares representing 5.87% of shares outstanding as of March 31, 2024.

BlackRock is one of the world's leading asset and investment management firms with approximately $10 trillion in AUM at the end of 2023. The firm offers a wide range of mutual funds, iShares ETFs, and closed-end funds. The iShares Core S&P 500 ETF (IVV) is one of BlackRock's largest ETFs with more than $490 billion in AUM as of Aug. 8, 2024. Approximately 0.3% of IVV's holdings are shares of Carnival.

State Street Corp.

State Street Corporation held 38.5 million Carnival shares representing 3.43% of shares outstanding as of March 31, 2024.

State Street is a leading asset and investment management company with approximately $4.3 trillion in AUM at the close of 2024's first quarter. The firm provides a range of financial products and services to individuals, wealth managers, institutional investors, and other clients around the world. The SPDR S&P 500 ETF Trust (SPY) is one of State Street's largest ETFs with about $538.7 billion in assets under management as of Aug. 8, 2024.

The Bottom Line

Carnival Corporation is a giant in the cruise ship industry with brands that include Carnival Cruise Line, Princess Cruises, Seabourn, and Cunard. The COVID-19 pandemic hit Carnival hard but the company has f꧂ought back. Bookings hit an all-time high in 2024. The company had a market capitalization of $19.33 billion in August of that year.

Carnival’s top shareholders 𒆙are Randall Weisenberger, David Bernstein, Stuart Subotnick, Vanguard Group, BlackRock, ꧅and State Street Corporation.