Will Ulta’s CEO Departure Concern These Top Institutional Shareholders?

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) announced that Chuck Rubin will step down as President, CEO and Director, effective February 21, 2013, to become CEO at Michael’s Stores, Inc., a specialty retailer of arts and crafts. The Board of Directors has appointed Dennis K. Eck, current Non-Executive Chairman of the Board of Directors, as Interim CEO. Mr. Rubin has agreed to assist the Company during the transition period.

Will Ulta Salon, Cosmetics & Fragrance, Inc.’s shareholders decrease their holdings? They reported owning a total of 42.08 million shares on 12/31/2012. The shares closed at $98.26 on 12/31/2012.

Here are the ten largest positions in Ulta Salon, Cosmetics & Fragrance, Inc. at the end of December 31st, 2012.

Wells Fargo & Co. /MN held 3,515,176 shares on 12/31/2012 worth $345,401,201. This brought the portfolio total to 0.2%.

Winslow Capital Management LLC. held 3,149,949 shares on 12/31/2012 worth $309,513,995. This brought the portfolio total to 0.99%.

Vanguard Group Inc. held 2,728,388 shares on 12/31/2012 worth $268,091,411. This brought the portfolio total to 0.03%.

AllianceBernstein L.P. held 2,411,417 shares on 12/31/2012 worth $236,945,840. This brought the portfolio total to 0.28%.

Artisan Partners Limited Partnership held 2,198,300 shares on 12/31/2012 worth $216,004,963. This brought the portfolio total to 0.54%.

Brookside Capital Management LLC. held 1,772,798 shares on 12/31/2012 worth $174,195,135. This brought the portfolio total to 3.9%.

Blackrock Institutional Trust Company N.A. held 1,456,200 shares on 12/31/2012 worth $143,086,215. This brought the portfolio total to 0.03%.

Miura Global Management LLC. held 1,337,000 shares on 12/31/2012 worth $131,373,623. This brought the portfolio total to 17.72%.

Columbus Circle Investors held 1,264,635 shares on 12/31/2012 worth $124,263,038. This brought the portfolio total to 1.0%.

State Street Corp. held 1,084,320 shares on 12/31/2012 worth $106,545,286. This brought the portfolio total to 0.02%.

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