Capital World Investors Amends 13G, Holds 20.6M RCL (RCL)

Rhea-AI Filing Summary

Capital World Investors filed Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 20,614,423 shares of Royal Caribbean Cruises Ltd. The filing states this represents 7.6% of 270,528,303 shares believed to be outstanding, and shows sole voting power for 20,350,132 shares and sole dispositive power for 20,614,423 shares. The filing is signed May 13, 2026.

Insights

Institutional Ownership Analyst

Large passive stake disclosure from a major asset manager; position size is material at 7.6%.

Capital World Investors reports beneficial ownership of 20,614,423 shares, equal to 7.6% of the company’s outstanding common stock as stated. The filing clarifies voting and dispositive power totals and updates public ownership records.

Implications depend on CWI’s investment mandate and trading intent; subsequent filings would show any change in voting stance or scheduleed dispositions.

Corporate Governance Counsel

This amendment updates public disclosure of a significant holder’s voting and dispositive powers.

The filing attributes sole voting power of 20,350,132 shares and sole dispositive power of 20,614,423 shares to Capital World Investors. It appears to be an administrative amendment reflecting current holdings and entity structure.

Board and management should note the holder’s size; any change in voting intentions would be reported separately if it occurs.

Key Figures

Beneficially owned: 20,614,423 shares Percent of class: 7.6% Shares believed outstanding: 270,528,303 shares +3 more

6 metrics

Beneficially owned 20,614,423 shares reported beneficial ownership in Schedule 13G/A

Percent of class 7.6% of 270,528,303 shares believed to be outstanding

Shares believed outstanding 270,528,303 shares figure used to compute percent of class

Sole voting power 20,350,132 shares shares with sole power to vote or direct the vote

Sole dispositive power 20,614,423 shares shares with sole power to dispose or direct disposition

Filing signature date 05/13/2026 date the amendment was signed

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, percent of class

4 terms

Schedule 13G/A regulatory

"Amendment No. 2 to a Schedule 13G reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"CWI is deemed to be the beneficial owner of 20,614,423 shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 20,614,423"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class financial

"20,614,423 shares or 7.6% of the 270,528,303 shares believed to be outstanding"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 01:55 PM Learn about SEC filing dates

FAQ

What stake does Capital World Investors report in RCL?

Capital World Investors reports beneficial ownership of 20,614,423 shares of RCL, representing 7.6% of the 270,528,303 shares believed to be outstanding as stated in the filing.

Does Capital World Investors have voting control over its RCL shares?

The filing states sole voting power for 20,350,132 shares, indicating Capital World Investors can vote that portion. Shared voting power is reported as 0 in the amendment.

When was the Schedule 13G/A amendment signed?

The amendment is signed by Jae Won Chung on 05/13/2026. That signature date is the filing’s attestation of the reported ownership figures and powers.

Does this filing indicate Capital World Investors will sell or buy more RCL shares?

This Schedule 13G/A amendment only reports current beneficial ownership and voting/dispositive powers; it does not state any planned purchases or sales or describe trading intent.

How is the 7.6% ownership percentage calculated in the filing?

The filing states 20,614,423 shares beneficially owned equals 7.6% of 270,528,303 shares believed to be outstanding, with the outstanding share figure provided in the amendment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Royal Caribbean Cruises Ltd.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

V7780T103

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): V7780T103

1

Names of Reporting Persons

Capital World Investors

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 20,350,132.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,614,423.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,614,423.00

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)

7.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Royal Caribbean Cruises Ltd.
(b)	Address of issuer's principal executive offices: 1050 Caribbean Way, Miami, FL 33132
Item 2.
(a)	Name of person filing: Capital World Investors
(b)	Address or principal business office or, if none, residence: 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: V7780T103
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: 20,614,423 ** **Capital World Investors ("CWI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 20,614,423 shares or 7.6% of the 270,528,303 shares believed to be outstanding.
(b)	Percent of class: 7.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 20,350,132
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 20,614,423
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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.

Capital World Investors

Signature:	Jae Won Chung
Name/Title:	Senior Vice President and Associate General Counsel, Capital Research and Management Company
Date:	05/13/2026