A holder for an outrigger is disclosed which has a housing for mounting the holder on top of a structural part of a boat. The holder can be rotated in a horizontal plane to various fixed positions by means of a rotatable, retractable handle positioned below the structural part of the boat. The weight of the holder is taken by in internal structure of the housing, such that, during rotation to another position, the holder weight is not transferred to the handle; thereby making it easier to rotate the holder.