Royal Caribbean: Capital Research reports 10.5% stake

Royal Caribbean Cruises Ltd. amended a Schedule 13G to report institutional ownership.

Rhea-AI Filing Summary

Royal Caribbean Cruises Ltd. amended a Schedule 13G to report institutional ownership. Capital Research Global Investors states beneficial ownership of 28,283,374 shares of Common Stock, representing 10.5% of 270,528,303 shares believed to be outstanding as of 03/31/2026. The filing lists sole voting power of 28,258,877 shares and sole dispositive power of 28,283,374. The filing is signed by a Capital Research officer on 05/11/2026.

Insights

Institutional Ownership Analyst

Large passive stake reported: 10.5% ownership by Capital Research Global Investors.

Capital Research Global Investors discloses beneficial ownership of 10.5% ( 28,283,374 shares) of Common Stock, based on 270,528,303 shares believed outstanding as of 03/31/2026. The filing attributes sole voting power to CRGI for 28,258,877 shares.

The disclosure is a standard institutional ownership update under Schedule 13G/A and does not itself change company operations. Subsequent filings or proxy materials would show whether this stake translates into voting campaigns or director engagement; timing not specified in the provided excerpt.

Corporate Governance Specialist

Ownership level crosses common engagement thresholds, warranting governance monitoring.

The filing reports both sole voting and sole dispositive powers and a 10.5% beneficial position, which commonly attracts governance interest from boards and disclosure reviewers. The filing names the investment management entities comprising CRGI and is signed by a Capital Research officer on 05/11/2026.

Whether this results in formal engagement or proposals is not stated; any governance actions would appear in future SEC filings or proxy documents.

Key Figures

Beneficial ownership: 28,283,374 shares Percent of class: 10.5% Shares outstanding (base): 270,528,303 shares +4 more

7 metrics

Beneficial ownership 28,283,374 shares reported beneficially owned by Capital Research Global Investors

Percent of class 10.5% of 270,528,303 shares believed outstanding as of 03/31/2026

Shares outstanding (base) 270,528,303 shares shares believed to be outstanding (as stated in filing)

Sole voting power 28,258,877 shares sole power to vote or direct the vote

Sole dispositive power 28,283,374 shares sole power to dispose or direct disposition

CUSIP V7780T103 Royal Caribbean Common Stock CUSIP listed on form

Signature date 05/11/2026 date the amendment was signed

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, sole voting power

4 terms

Schedule 13G/A regulatory

"Amendment No. 6 ) Royal Caribbean Cruises Ltd. Common Stock"

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 regulatory

"CRGI is deemed to be the beneficial owner of 28,283,374 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: 28,283,374"

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.

sole voting power regulatory

"Sole power to vote or to direct the vote: 28,258,877"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake did Capital Research Global Investors report in RCL?

Capital Research Global Investors reported beneficial ownership of 28,283,374 shares, equal to 10.5% of the company's common stock based on 270,528,303 shares believed outstanding as of 03/31/2026.

What voting and dispositive powers does CRGI report for RCL shares?

CRGI reports sole voting power for 28,258,877 shares and sole dispositive power for 28,283,374 shares, with no shared voting or dispositive power disclosed in this amendment.

Which entities are included in the Capital Research Global Investors filing?

The filing states CRGI is a division of Capital Research and Management Company and lists affiliated investment management entities including Capital Bank and Trust Company, Capital International, Inc., and others collectively providing services under the name Capital Research Global Investors.

When was the Schedule 13G/A amendment signed?

The amendment is signed by Jae Won Chung, Vice President and Senior Counsel II at Capital Research and Management Company, with the signature date shown as 05/11/2026.

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

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Accepted by SEC EDGAR 05/14/2026 - 10:19 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

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 Research Global 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 28,258,877.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 28,283,374.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

28,283,374.00

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)

10.5 %

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 Research Global Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 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: 28,283,374 ** **Capital Research Global Investors ("CRGI") 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"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 28,283,374 shares or 10.5% of the 270,528,303 shares believed to be outstanding.
(b)	Percent of class: 10.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 28,258,877
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 28,283,374
	(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 Research Global Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	05/11/2026