Three trusts set up to house his stake in the company sold more than 212,000 shares in US-listed wing Carnival Corp at between $40.06 and $40.75 apiece, according to filing today with the US Securities & Exchange Commission (SEC).

Arison, who is New York and London-listed Carnival’s largest shareholder, made the trades on Thursday and Friday.

The sale would leave him with nearly 101 million of Carnival Corp’s shares.