Ulta Beauty, Inc.

ULTA • NASDAQ

Ulta Beauty, Inc. is a specialty retail company in the consumer cyclical sector on NASDAQ, led by Kecia L. Steelman, with a market cap of $26.7B. As of Q3 2025, 93% of shares are held by 1,029 institutional investors, with VANGUARD GROUP INC as the largest holder at 11.94%.

President and Chief Executive OfficerKecia L. Steelman

Market Cap$26.7B

Specialty Retail

Consumer Cyclical

Employees56.0K

Websiteulta.com

Country

United States of America

Overview

Overview of institutional ownership in ULTA as of Q3 2025 with a market cap of $24.5B

All Institutions

Institutions: 1,029
Value Held: $22.7B
Shares Held: 41.6M
Avg Position: $22.1M
Median Position: $933.8K

Hedge Funds

Hedge Funds: 64
Value Held: $1.7B
Shares Held: 3.0M
Avg Position: $26.0M
Median Position: $3.5M

Ownership Breakdown

Institutional (non-HF)

85.83%

$21.0B

Hedge Funds

6.79%

$1.7B

Retail & Other

7.38%

$1.8B

Based on market cap of $24.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ULTA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.9B 0.04% of portfolio	11.94% 5.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$2.2B 0.04% of portfolio	8.90% 4.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.1B 0.04% of portfolio	4.41% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
Sanders Capital, LLC Long Only Manager	Lewis Alan Sanders CEO	$691.0M 0.85% of portfolio	2.82% 1.3M shares	Q1 2025 Held for 8 months	$81.3B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$687.5M 0.04% of portfolio	2.80% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$669.0M 0.04% of portfolio	2.73% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$663.5M 0.04% of portfolio	2.72% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$581.4M 0.06% of portfolio	2.37% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$531.3M 0.33% of portfolio	2.17% 971.8K shares	Q3 2023 Held for 2y 2m	$161.58B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$459.5M 0.07% of portfolio	1.87% 840.4K shares	≤ Q2 2013 Held for 12y 5m+	$633.08B

Net Capital Flow

Institutional buying and selling activity for ULTA in Q3 2025

Traded: +$311.4M
Buyers: 494
Sellers: 465
Total Bought: +$2.3B
Total Sold: −$2.0B
Avg Position: $20.2M

Biggest Buyers

Institution	Net Bought	Current Position
Holocene Advisors, LP Hedge Fund•Long/Short	+$160.5M +293.5K shares	$207.7M 379.9K shares
S Swedbank AB Institution	+$144.1M +263.6K shares	$317.9M 581.5K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$142.9M +261.4K shares	$227.0M 415.1K shares
A Andra AP-fonden Institution	+$125.1M +228.7K shares	$125.1M 228.8K shares
Invesco Ltd. ETF Provider	+$115.6M +211.5K shares	$459.5M 840.4K shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	+$115.5M +211.3K shares	$161.7M 295.8K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	+$106.6M +195.0K shares	$249.7M 456.6K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	+$81.4M +148.8K shares	$86.5M 158.1K shares
BARCLAYS PLC Institution	+$79.9M +146.1K shares	$151.2M 276.5K shares
R Robeco Institutional Asset Management B.V. Institution	+$67.4M +123.2K shares	$116.4M 213.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$209.4M −382.9K shares	$65.8M 120.3K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$131.3M −240.2K shares	$26.8M 49.0K shares
C Champlain Investment Partners, LLC Long Only Manager	−$116.5M −213.0K shares	$67.2M 122.9K shares
Marshall Wace LLP Institution	−$109.6M −200.4K shares	$248.3M 454.2K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$98.0M −179.2K shares	$163.1M 298.3K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$88.5M −161.9K shares	$10.3M 18.8K shares
UBS Group AG Institution	−$72.4M −132.5K shares	$185.7M 339.7K shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	−$64.9M −118.7K shares	$7.7M 14.2K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$58.3M −124.6K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$47.9M −87.5K shares	$2.2B 4.0M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ULTA in Q3 2025

New Positions: 53
New Value: $36.0M
Exited Positions: 94
Exited Value: $246.0M

New Positions

Institution	Position Value
FFG Partners, LLC RIA/Wealth	$9.0M 16.5K shares
KEYSTONE INVESTORS PTE LTD RIA/Wealth	$6.6M 12.1K shares
B BOWEN HANES & CO INC Institution	$6.0M 11.0K shares
C Capricorn Fund Managers Ltd Institution	$3.0M 5.5K shares
B Bedell Investment Counselling RIA/Wealth	$1.9M 3.4K shares
A AMJ Financial Wealth Management RIA/Wealth	$955.7K 1.7K shares
Krilogy Financial LLC RIA/Wealth	$880.3K 1.7K shares
G Genus Capital Management Inc. Institution	$787.3K 1.4K shares
S SIRIOS CAPITAL MANAGEMENT L P Hedge Fund•Long/Short	$763.3K 1.4K shares
Requisite Capital Management, LLC RIA/Wealth	$627.1K 1.1K shares

Exited Positions

Institution	Previous Position
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$58.3M 124.6K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$39.0M 83.3K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$32.8M 70.2K shares
Magellan Asset Management Ltd Long Only Manager	$29.8M 63.7K shares
A AXA Institution	$12.0M 25.6K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$9.0M 19.2K shares
S S.A.C. Capital Advisors Ltd. Institution	$7.8M 16.6K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$5.0M 10.7K shares
B Baypointe Partners LLC Hedge Fund•Long/Short	$4.7M 10.0K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$3.4M 7.3K shares

Options Activity

Institutions with the largest Call and Put options positions in ULTA as of Q3 2025

Call Positions: 32
Call Value: $702.1M
Put Positions: 29
Put Value: $855.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$223.3M 4.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$156.7M 2.9K contracts
UBS Group AG Institution	$54.4M 995.0 contracts
W WOLVERINE TRADING, LLC Institution	$37.2M 671.0 contracts
J JANE STREET GROUP, LLC Institution	$35.6M 652.0 contracts
BARCLAYS PLC Institution	$30.1M 551.0 contracts
Walleye Trading LLC RIA/Wealth	$26.4M 482.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$23.4M 428.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$20.3M 371.0 contracts
Q Qube Research & Technologies Ltd Institution	$17.2M 314.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$323.2M 5.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$118.5M 2.2K contracts
UBS Group AG Institution	$77.7M 1.4K contracts
BARCLAYS PLC Institution	$64.1M 1.2K contracts
J JANE STREET GROUP, LLC Institution	$35.5M 649.0 contracts
Walleye Trading LLC RIA/Wealth	$34.5M 631.0 contracts
W WOLVERINE TRADING, LLC Institution	$30.6M 552.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$28.4M 520.0 contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$17.9M 328.0 contracts
D D. E. Shaw & Co., Inc. Institution	$16.5M 301.0 contracts

Most Committed Institutions

Institutions with ULTA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C Courant Investment Management LLC Hedge Fund•Value	Claude [Nmn] Leveille Managing Partner	11.31% $14.3M	0.06% 26.2K shares	Q2 2024 Held for 1y 5m	$126.5M
Zuckerman Investment Group, LLC RIA/Wealth	Daniel Ross Zuckerman CEO	5.34% $57.5M	0.23% 105.1K shares	Q4 2019 Held for 5y 11m	$1.1B
GOLUB GROUP LLC RIA/Wealth	Colin Matthew Higgins CEO	4.71% $110.2M	0.45% 201.5K shares	Q3 2019 Held for 6y 2m	$2.3B
S Shellback Capital, LP Hedge Fund•Long/Short	Donald Dean Jabro Managing Partner	4.41% $69.3M	0.28% 126.8K shares	Q4 2024 Held for 11 months	$1.6B
B Boothe Investment Group, Inc. RIA/Wealth	David Franklin Boothe President	4.07% $11.1M	0.05% 20.3K shares	Q1 2025 Held for 8 months	$273.0M
Night Squared LP Hedge Fund•Long/Short	Neel Prafullchandra Parekh CEO	3.70% $10.2M	0.04% 18.7K shares	Q1 2025 Held for 8 months	$277.1M
C COERENTE CAPITAL MANAGEMENT Institution	-	3.64% $20.5M	0.08% 37.4K shares	Q3 2023 Held for 2y 2m	$563.0M
CLARET ASSET MANAGEMENT Corp RIA/Wealth	Monique Elizabeth Milford Gravel CEO	3.61% $29.5M	0.12% 54.0K shares	Q3 2019 Held for 6y 2m	$817.2M
I ISTHMUS PARTNERS, LLC RIA/Wealth	David A Hackworthy CIO	3.56% $16.0M	0.07% 29.2K shares	Q4 2023 Held for 1y 11m	$448.9M
Rempart Asset Management Inc. RIA/Wealth	Douglas Robert Buchanan President	3.46% $18.7M	0.08% 34.2K shares	Q1 2024 Held for 1y 8m	$540.7M

Hedge Fund Spotlight

Discover hedge funds investing in ULTA

Jain Global LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerRobert Nmn Jain

Portfolio Value: $7.1B
Positions: 839
Last Reported: Q3 2025

Sector Allocation

Position in Ulta Beauty, Inc.

Market Value: $235.1K
Shares Held: 430.0
Portfolio Weight: 0.00%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 iShares Core S&P 500 ETF IVV	ETF ETF	$663.4M	9.30%
2 GLD SPDR Gold Trust GLD	Unknown Unknown	$530.3M	7.44%
3 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$371.5M	5.21%

View full profile

Ulta Beauty, Inc.

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Ulta Beauty, Inc.

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