In the latest 13F filing, which shows major fund managers’ investment disclosure, it was revealed that Warren Buffett’s Berkshire Hathaway bought 690,000 shares of Ulta Beauty Inc (ticker: Ulta). That works out to be a roughly $260 million position. Whenever there is a new holding in Berkshire, many would speculate their reasons for the purchase. […]

source: https://thefinance.sg/2024/08/18/why-did-buffetts-berkshire-purchase-ulta-beauty/