Sanders Capital reports 5.74% stake in Ulta Beauty

Sanders Capital, LLC and Lewis A. Sanders report beneficial ownership of 2,468,513 shares of Ulta Beauty, Inc. common stock, representing 5.74% of the class.

Rhea-AI Filing Summary

Sanders Capital, LLC and Lewis A. Sanders report beneficial ownership of 2,468,513 shares of Ulta Beauty, Inc. common stock, representing 5.74% of the class. They report shared voting power over 1,340,077 shares and shared dispositive power over 2,468,513 shares, with no sole voting or sole dispositive power. Lewis A. Sanders is listed as a beneficial owner because he owns approximately 40% of the outstanding equity of Sanders Capital, LLC and serves as its CEO and co-Chief Investment Officer with decision-making authority.

Key Figures

Shares beneficially owned: 2,468,513 shares Percent of class: 5.74% Shared voting power: 1,340,077 shares +3 more

6 metrics

Shares beneficially owned 2,468,513 shares Common stock of Ulta Beauty, Inc. reported by Sanders Capital, LLC

Percent of class 5.74% Portion of Ulta Beauty common stock beneficially owned

Shared voting power 1,340,077 shares Shares of Ulta Beauty over which Sanders Capital has shared voting power

Sole voting power 0 Shares of Ulta Beauty over which Sanders Capital has sole voting power

Shared dispositive power 2,468,513 shares Shares of Ulta Beauty over which Sanders Capital has shared dispositive power

Lewis A. Sanders equity in Sanders Capital approximately 40% Ownership of Sanders Capital, LLC’s outstanding equity

Key Terms

beneficial owner, shared voting power, shared dispositive power, Schedule 13G

4 terms

beneficial owner financial

"Lewis A Sanders is being listed here as a "Beneficial Owner" because he owns"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared voting power financial

"Shared Voting Power 1,340,077.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 2,468,513.00"

Schedule 13G regulatory

"FORM TYPE: SCHEDULE 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ULTA shares does Sanders Capital, LLC report owning?

Sanders Capital, LLC reports beneficial ownership of 2,468,513 shares of Ulta Beauty, Inc. common stock. This position, disclosed on Schedule 13G, represents a significant institutional stake in the company’s outstanding common shares.

What percentage of Ulta Beauty (ULTA) is owned by Sanders Capital, LLC?

Sanders Capital, LLC reports owning 5.74% of Ulta Beauty’s common stock. This percentage is based on 2,468,513 shares beneficially owned, as detailed in the Schedule 13G ownership section.

What voting power does Sanders Capital report over Ulta Beauty (ULTA) shares?

Sanders Capital, LLC reports shared voting power over 1,340,077 shares of Ulta Beauty and no sole voting power. It also has shared dispositive power over 2,468,513 shares, meaning influence over decisions to sell those shares.

Why is Lewis A. Sanders listed as a beneficial owner of ULTA stock?

Lewis A. Sanders is listed as a beneficial owner because he owns approximately 40% of Sanders Capital, LLC’s outstanding equity and serves as its CEO and co-Chief Investment Officer with decision-making authority over investments.

Does Sanders Capital have sole dispositive power over any Ulta Beauty (ULTA) shares?

No. Sanders Capital, LLC reports 0 shares with sole dispositive power. It reports shared dispositive power over 2,468,513 shares of Ulta Beauty, indicating joint authority over decisions to dispose of those shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/04/2026 - 12:26 PM Accepted by SEC EDGAR 08/04/2026 - 12:25 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

ULTA BEAUTY, INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

90384S303

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 90384S303

1

Names of Reporting Persons

Sanders Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,340,077.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,468,513.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,468,513.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.74 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 90384S303

1

Names of Reporting Persons

Lewis A. Sanders

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,340,077.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,468,513.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,468,513.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.74 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Lewis A Sanders is being listed here as a "Beneficial Owner" because he owns approximately 40% of the outstanding equity of Sanders Capital, LLC and serves as CEO and co-Chief Investment Officer with decision-making authority.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ULTA BEAUTY, INC.
(b)	Address of issuer's principal executive offices: 1000 Remington Blvd., Suite 120, Bolingbrook, Illinois 60440
Item 2.
(a)	Name of person filing: Sanders Capital, LLC
(b)	Address or principal business office or, if none, residence: 777 S. Flagler Drive, Suite 1100, West Palm Beach, FL 33401
(c)	Citizenship: Florida
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP Number(s): 90384S303
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,468,513
(b)	Percent of class: 5.74%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,340,077
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2,468,513
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Sanders Capital, LLC

Signature:	/s/ Eric Hansen
Name/Title:	Eric Hansen, Deputy Chief Compliance Officer
Date:	08/04/2026

Lewis A. Sanders

Signature:	/s/ Eric Hansen
Name/Title:	Eric Hansen, Deputy Chief Compliance Officer
Date:	08/04/2026