[SCHEDULE 13G/A] Carnival Corporation SEC Filing

Rhea-AI Filing Summary

Truist Financial Corporation filed Amendment No. 1 to a Schedule 13G reporting its passive ownership of Carnival Corporation (CCL) common stock. As of 30 June 2025, Truist beneficially owns 93,905.358 shares, representing a negligible 0.008 % of CCL’s outstanding shares. The bank holds sole voting power over 53,131 shares and sole dispositive power over 93,745.358 shares, with shared dispositive power on an additional 160 shares. Truist certifies that the shares are held in the ordinary course of business, not to influence control, and that it is not acting as part of a group. The filing was made to remediate reports that should have been submitted when the stake first dropped below 5 % in 2022. Given the extremely small position and the absence of activist intent, the disclosure carries minimal strategic or financial significance for Carnival shareholders.

Insights

Securities Analyst

TL;DR: Truist’s 0.008 % stake is immaterial; filing is housekeeping, not a signal.

This amendment merely documents a tiny passive holding—under 100 k shares—worth well below 1 % of Carnival’s float. No new capital commitment, no activist language, and no indication of strategic interest accompany the disclosure. For valuation models or ownership-concentration analyses, the effect rounds to zero. From a market-liquidity standpoint, potential buys or sells by Truist at this scale would not move the needle. I classify the information as routine compliance rather than a catalyst.

Corporate Governance Expert

TL;DR: Compliance catch-up; no governance impact on CCL.

The bank’s acknowledgement that it missed prior sub-5 % filings highlights internal reporting clean-up rather than governance pressure on Carnival. Because Truist is under the 5 % threshold, it lacks the disclosure leverage associated with Schedule 13D filers. There is no group formation, no control intent, and no rights solicitation. The certification language confirms a passive stance. Consequently, board dynamics, proxy considerations, and takeover defenses remain unchanged.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

CARNIVAL CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

143658300

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 143658300

1

Names of Reporting Persons

TRUIST FINANCIAL CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NORTH CAROLINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 53,131.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 93,745.36
8	Shared Dispositive Power 160.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

93,905.36

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

IA, HC, BK

Comment for Type of Reporting Person: Filing completed as part of internal effort to remediate filings not previously submitted. Current ownership is less than 5% ownership. Filing of less than 5% ownership should have been submitted in 2022.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CARNIVAL CORP
(b)	Address of issuer's principal executive offices: 3655 NW 87TH AVE, PO BOX 1347, MIAMI, FLORIDA, 33178-2428.
Item 2.
(a)	Name of person filing: Truist Financial Corporation as Parent Holding Company for Truist Advisory Services, Inc. an affiliated Registered Investment Advisor and Truist Bank in various fiduciary capacities
(b)	Address or principal business office or, if none, residence: 214 North Tryon Street Charlotte, NC 28202
(c)	Citizenship: Truist Financial Corporation is a North Carolina Corporation; Truist Advisory Services, Inc. is a Delaware Corporation; Truist Bank is North Carolina Commercial Banking Association
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 143658300
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 93905.358
(b)	Percent of class: 0.008 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 53131
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 93745.358
	(iv) Shared power to dispose or to direct the disposition of: 160
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

TRUIST FINANCIAL CORP

Signature:	Edward M. Kwiatkowski
Name/Title:	Vice President
Date:	07/15/2025

FAQ

How many Carnival (CCL) shares does Truist Financial now own?

The filing lists 93,905.358 shares beneficially owned as of 30 June 2025.

What percentage of Carnival’s outstanding shares does this represent?

Truist’s position equals 0.008 % of the total common stock.

Is Truist’s filing activist or passive?

The Schedule 13G/A is passive; Truist states it has no intent to influence control.

Why is this an Amendment No. 1 to Schedule 13G?

Truist is remediating filings it missed when its stake first fell below 5 % back in 2022.

Does Truist share voting or dispositive power with others?

It reports solo voting on 53,131 shares and solo dispositive power on 93,745.358 shares, with only 160 shares under shared dispositive power.