Elm Ridge Management’s Ulta Beauty ULTA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-100,000	Closed	-$9.65M	–	54
2013 Q4	$9.65M	Hold	100,000	–	–	1.18%	36
2013 Q3	$11.9M	Hold	100,000	–	–	1.3%	34
2013 Q2	$10M	Buy	+100,000	New	+$10M	1.18%	33