Thornburg Investment 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 Q4	–	Sell	-109,174	Closed	-$12.9M	–	322
2014 Q3	$12.9M	Sell	109,174 -30,884	-22%	-$3.65M	0.06%	224
2014 Q2	$12.8M	Buy	140,058 +35,272	+34%	+$3.22M	0.05%	221
2014 Q1	$10.2M	Buy	+104,786	New	+$10.2M	0.04%	224