Berkeley Inc Trims Ulta Beauty Stake by Over a Third

The investment firm reduced its holdings in the specialty retailer by 35.2% in the fourth quarter.

Apr. 17, 2026 at 7:38am

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A highly detailed, black-and-white close-up image of the mechanical components and gears of a large industrial banking machine, conveying the powerful, impersonal forces of the financial sector.An extreme close-up of the intricate inner workings of the financial system reflects the complex institutional forces shaping the fortunes of major retailers like Ulta Beauty.Berkeley Today

Berkeley Inc, a California-based investment firm, trimmed its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 35.2% in the fourth quarter, according to a recent SEC filing. The firm sold 2,638 shares, leaving it with 4,864 shares of the specialty beauty retailer worth $2.9 million at the end of the reporting period.

Why it matters

Ulta Beauty is a major player in the highly competitive beauty and personal care retail space. Institutional investors closely watch changes in ownership stakes as they can signal broader market sentiment about a company's prospects.

The details

Berkeley Inc sold 2,638 shares of Ulta Beauty stock during the fourth quarter, reducing its total holdings in the company by over a third. The firm now owns 4,864 shares of the specialty retailer, which were valued at $2.9 million at the end of the reporting period.

  • Berkeley Inc filed the SEC disclosure on April 17, 2026.
  • The ownership changes occurred in the fourth quarter of 2025.

The players

Berkeley Inc

A California-based investment firm that has trimmed its stake in Ulta Beauty.

Ulta Beauty Inc.

A U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, and other beauty products.

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The takeaway

This filing highlights the shifting investment landscape around Ulta Beauty, as institutional investors reevaluate their positions in the specialty retailer amid broader economic conditions and competitive dynamics in the beauty industry.