Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) Turns in a Beautiful First Quarter

Page 2 of 2

As industrywide interest jumped, some big names have been driving this bullishness. PDT Partners, managed by Peter Muller, assembled the largest position in Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA). PDT Partners had $13.4 million invested in the company at the end of the quarter. Vivek Mehta and Aaron Husock’s ShearLink Capital also initiated a $9.9 million position during the quarter. The following funds were also among the new ULTA investors: Gregg Moskowitz’s Interval Partners, Louis Bacon’s Moore Global Investments, and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) but similarly valued. These stocks are American Water Works Co., Inc. (NYSE:AWK), Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX), Agrium Inc. (USA) (NYSE:AGU), and Universal Health Services, Inc. (NYSE:UHS). This group of stocks’ market caps are closest to ULTA’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AWK 21 329674 2
BSMX 8 20761 0
AGU 23 452485 1
UHS 38 1088962 2

As you can see these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $473 million. That figure was $1.80 billion in ULTA’s case. Universal Health Services, Inc. (NYSE:UHS) is the most popular stock in this table. On the other hand Grupo Financero Sntdr Mxco SAB de CV ADR (NYSE:BSMX) is the least popular one with only 8 bullish hedge fund positions. While Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) is not the most popular stock in this group, hedge fund interest is still above average and it has far more money invested in it than any of the other stocks. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

Page 2 of 2