Cliff Asness's ULTA Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 298,204 shares of Ulta Beauty, Inc. (ULTA) worth $180.2 M, representing 0.09% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in ULTA, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2025, adding 207,084 shares. Largest reduction occurred in Q3 2025, reducing 179,166 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Ulta Beauty (ULTA) Holding Value Over Time
Track share changes against reported price movement
Quarterly Ulta Beauty (ULTA) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -134 | Reduce 0.04% | 298,204 | $604.30 |
| Q3 2025 | -179,166 | Reduce 37.52% | 298,338 | $546.75 |
| Q2 2025 | +207,084 | Add 76.58% | 477,504 | $466.58 |
| Q1 2025 | +190,353 | Add 237.74% | 270,420 | $357.49 |
| Q4 2024 | +33,749 | Add 72.86% | 80,067 | $434.93 |
| Q3 2024 | -74,927 | Reduce 61.80% | 46,318 | $389.12 |
| Q2 2024 | +12,634 | Add 11.63% | 121,245 | $382.46 |
| Q1 2024 | -159,659 | Reduce 59.51% | 108,611 | $522.88 |
| Q4 2023 | -24,856 | Reduce 8.48% | 268,270 | $489.73 |
| Q3 2023 | +40,166 | Add 15.88% | 293,126 | $399.45 |
| Q2 2023 | +111,552 | Add 78.89% | 252,960 | $469.51 |
| Q1 2023 | +47,576 | Add 50.70% | 141,408 | $541.79 |
| Q4 2022 | -58,606 | Reduce 38.45% | 93,832 | $465.62 |
| Q3 2022 | -105,724 | Reduce 40.95% | 152,438 | $401.19 |
| Q2 2022 | +65,208 | Add 33.79% | 258,162 | $381.50 |
| Q1 2022 | +114,803 | Add 146.90% | 192,954 | $398.22 |
| Q4 2021 | +45,047 | Add 136.08% | 78,151 | $406.75 |
| Q3 2021 | -13,705 | Reduce 29.28% | 33,104 | $360.92 |
| Q2 2021 | +35,221 | Add 303.94% | 46,809 | $343.87 |
| Q1 2021 | +4,178 | Add 56.38% | 11,588 | $309.20 |
| Q4 2020 | +935 | Add 14.44% | 7,410 | $282.05 |
| Q3 2020 | -41,324 | Reduce 86.45% | 6,475 | $223.94 |
| Q2 2020 | -18,031 | Reduce 27.39% | 47,799 | $197.89 |
| Q1 2020 | -17,820 | Reduce 21.30% | 65,830 | $175.69 |
| Q4 2019 | -80,350 | Reduce 48.99% | 83,650 | $253.14 |
| Q3 2019 | +4,328 | Add 2.71% | 164,000 | $250.65 |
| Q2 2019 | +51,189 | Add 47.19% | 159,672 | $346.89 |
| Q1 2019 | -28,108 | Reduce 20.58% | 108,483 | $348.73 |
| Q4 2018 | +55,297 | Add 68.02% | 136,591 | $244.84 |
| Q3 2018 | +12,603 | Add 18.35% | 81,294 | $282.12 |
| Q2 2018 | +43,843 | Add 176.44% | 68,691 | $233.47 |
| Q1 2018 | -32,201 | Reduce 56.44% | 24,848 | $204.28 |
| Q4 2017 | -15,542 | Reduce 21.41% | 57,049 | $223.67 |
| Q3 2017 | -50,247 | Reduce 40.91% | 72,591 | $226.06 |
| Q2 2017 | -50,178 | Reduce 29.00% | 122,838 | $287.34 |
| Q1 2017 | +78,136 | Add 82.35% | 173,016 | $285.23 |
| Q4 2016 | +45,110 | Add 90.64% | 94,880 | $254.94 |
| Q3 2016 | +16,732 | Add 50.64% | 49,770 | $237.97 |
| Q2 2016 | -6,633 | Reduce 16.72% | 33,038 | $243.63 |
| Q1 2016 | -138,798 | Reduce 77.77% | 39,671 | $193.74 |
| Q4 2015 | -22,993 | Reduce 11.41% | 178,469 | $185.00 |
| Q3 2015 | -15,160 | Reduce 7.00% | 201,462 | $163.35 |
| Q2 2015 | +151,143 | Add 230.83% | 216,622 | $154.45 |
| Q1 2015 | +43,364 | Add 196.08% | 65,479 | $150.86 |
| Q4 2014 | +5,865 | Add 36.09% | 22,115 | $127.83 |
| Q3 2014 | -42,100 | Reduce 72.15% | 16,250 | $118.15 |
| Q2 2014 | +12,500 | Add 27.26% | 58,350 | $91.41 |
| Q1 2014 | +10,400 | Add 29.34% | 45,850 | $97.47 |
| Q4 2013 | +24,948 | Add 237.55% | 35,450 | $96.53 |
| Q3 2013 | +2,152 | Add 25.77% | 10,502 | $119.50 |
| Q2 2013 | +8,350 | Add 0.00% | 8,350 | $100.12 |
| Q4 2012 | +56,250 | Add 0.00% | 56,250 | $98.26 |
Cliff Asness's Ulta Beauty Investment FAQs
Cliff Asness first purchased Ulta Beauty, Inc. (ULTA) in Q4 2012, acquiring 56,250 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Ulta Beauty, Inc. (ULTA) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Ulta Beauty, Inc. (ULTA) was in Q2 2025, adding 477,504 shares worth $222.79 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 298,204 shares of Ulta Beauty, Inc. (ULTA), valued at approximately $180.2 M.
As of the Q4 2025 filing, Ulta Beauty, Inc. (ULTA) represents approximately 0.09% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Ulta Beauty, Inc. (ULTA) was 477,504 shares, as reported at the end of Q2 2025.