Hudson Bay Capital Management’s Ulta Beauty ULTA Stock Holding History

Hudson Bay Capital Management’s Portfolio ULTA Stock Details ULTA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-100,000	Closed	-$43.5M	–	1471
2024 Q4	$43.5M	Buy	+100,000	New	+$38.7M	0.15%	147
2019 Q1	–	Sell	-43,600	Closed	-$10.7M	–	919
2018 Q4	$10.7M	Buy	+43,600	New	+$12.1M	0.14%	142
2018 Q3	–	Sell	-76,800	Closed	-$17.9M	–	898
2018 Q2	$17.9M	Buy	76,800 +37,700	+96%	+$9.1M	0.25%	71
2018 Q1	$7.99M	Buy	+39,100	New	+$8.46M	0.17%	149
2017 Q2	–	Sell	-27,000	Closed	-$7.7M	–	800
2017 Q1	$7.7M	Sell	27,000 -13,000	-33%	-$3.56M	0.1%	201
2016 Q4	$10.2M	Sell	40,000 -40,200	-50%	-$10M	0.21%	100
2016 Q3	$19.1M	Buy	80,200 +50,500	+170%	+$12.8M	0.46%	39
2016 Q2	$7.24M	Buy	+29,700	New	+$6.47M	0.22%	78

Other funds holding ULTA

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Sanders Capital West Palm Beach, Florida $83.9B AUM 37.89% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Hudson Bay Capital Management's ULTA Position: Q4 2025 in Review

Hudson Bay Capital Management sold out of Ulta Beauty (ULTA) in Q4 2025, closing a stake of 14,166 shares — an estimated $7.75M sold.

Hudson Bay Capital Management first reported a position in ULTA in Q1 2014 and held it in 26 quarters. The position peaked at $62.2M in Q2 2025. 1,120 funds tracked by Wall St. Rank hold ULTA as of Q4 2025.

Hudson Bay Capital Management reported no remaining Ulta Beauty position as of Q4 2025 after selling out during the quarter.
Hudson Bay Capital Management sold 14,166 Ulta Beauty shares in Q4 2025, an estimated $7.75M.
Hudson Bay Capital Management first reported a position in Ulta Beauty in Q1 2014 and held it in 26 quarters.
Hudson Bay Capital Management's Ulta Beauty position peaked at $62.2M in Q2 2025.
1,120 funds tracked by Wall St. Rank held Ulta Beauty as of Q4 2025.

Based on Hudson Bay Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.