Zuckerman Investment Group, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Zuckerman Investment Group, LLC reported 162 stock positions worth $931.3 million. Its top holding was Vertiv Class A (VRT) at 5.3% of the portfolio, followed by Ulta Beauty (ULTA, 4.3%) and McKesson (MCK, 4.2%). Compared with Q4 2024, it opened 18 new positions, sold out of 7, added to 53 and reduced 52. The biggest buy was Icon (ICLR, shares +41%) and the biggest sale Vertiv Class A (VRT, shares −3%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001423296
Portfolio Value
$931.3M (Q1 2025)
SEC Filing
0001423296-25-000004 ↗ filed May 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $866.0M Q1 2024 Q2 2024: $864.7M Q2 2024 Q3 2024: $971.6M Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $931.3M $931.3M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 162 stocks · $931.3M
VRT Vertiv Holdings Co. Class A 5.28% 680,698 $49.1M Reduce -3.1%
ULTA Ulta Beauty Inc. 4.30% 109,160 $40.0M Reduce -0.9%
MCK McKesson Corp. 4.24% 58,691 $39.5M Reduce -4.7%
BRK.B Berkshire Hathaway Inc. Class B 3.45% 60,390 $32.2M Reduce -4.8%
KVUE Kenvue Inc. 2.81% 1,091,041 $26.2M Reduce -2.8%
GOOGL Alphabet Inc. Class A 2.73% 164,203 $25.4M Reduce -1.3%
MSFT Microsoft Corp. 2.64% 65,604 $24.6M Add +0.3%
DKS Dick's Sporting Goods Inc. 2.61% 120,796 $24.3M Reduce -2.4%
YUMC Yum China Holdings Inc. 2.59% 464,073 $24.2M Reduce -0.8%
PGR Progressive Corp. 2.51% 82,683 $23.4M Reduce -15.1%
CSW CSW Industrials Inc. 2.51% 80,168 $23.4M Reduce -1.2%
ICLR Icon PLC 2.44% 129,863 $22.7M Add +40.9%
VWO Vanguard Ftse Emerging Marke 2.43% 499,757 $22.6M Reduce -1.2%
KKR KKR & Co. Inc. 2.39% 192,471 $22.3M Reduce -2.5%
PTLO Portillo's Inc. Class A 2.35% 1,843,693 $21.9M Reduce -5.2%
META Meta Platforms Inc. Class A 2.33% 37,647 $21.7M Reduce -4.2%
AAPL Apple Inc. 2.28% 95,601 $21.2M Reduce -0.3%
PNR Pentair PLC 2.25% 239,910 $21.0M Reduce -22.1%
AVTR Avantor Inc. 2.21% 1,272,101 $20.6M Add +15.0%
VEA Vanguard Ftse Developed ETF 2.16% 396,092 $20.1M Add +0.3%
OPLN Openlane Inc. 2.06% 993,918 $19.2M Reduce -2.0%
GPGI Gpgi Inc. filed as COMPOSECURE INC 1.81% 1,549,632 $16.8M Add +1.6%
CHWY Chewy Inc. Class A 1.80% 516,740 $16.8M Reduce -2.9%
BRK.A Berkshire Hathaway Inc. Class A 1.80% 21 $16.8M Reduce -8.7%
AMZN Amazon.com Inc. 1.78% 87,014 $16.6M Reduce -1.3%
ABBV Abbvie Inc. 1.74% 77,290 $16.2M Add +1.2%
VDE Vanguard Energy ETF 1.62% 116,561 $15.1M Reduce -4.9%
JPM JPMorgan Chase & Co. 1.60% 60,566 $14.9M Reduce -1.2%
HSIC Henry Schein Inc. 1.48% 201,639 $13.8M Add +69.6%
VOO Vanguard S&P 500 ETF 1.40% 25,457 $13.1M Add +2.0%
OIH Vaneck Oil Services ETF 1.28% 45,453 $11.9M Reduce -5.5%
SHYF The Shyft Group Inc. 1.23% 1,411,072 $11.4M Add +9.0%
SBUX Starbucks Corp. 1.17% 110,706 $10.9M Reduce -3.0%
HLMN Hillman Solutions Corp. 1.07% 1,136,058 $10.0M Reduce -1.1%
BCO The Brink's Co. 1.06% 114,457 $9.9M Reduce -4.4%
ABT Abbott Laboratories 1.04% 72,748 $9.7M Reduce -0.2%
CSWC Capital Southwest Corp. 1.02% 427,020 $9.5M Reduce -36.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.99% 35,481 $9.2M Add +2.0%
XLF SS Financial Select Sector 0.92% 171,598 $8.5M Reduce -4.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.81% 76,591 $7.6M Add +0.1%
PLTR Palantir Technologies Inc. Class A 0.79% 86,829 $7.3M Reduce -43.5%
AAP Advance Auto Parts Inc. 0.75% 177,608 $7.0M Reduce -5.3%
UHAL.B U-Haul Holding Co.-Non Voting 0.73% 114,111 $6.8M Reduce -0.4%
MRK Merck & Co. Inc. 0.72% 74,799 $6.7M Add +5.2%
SITE Siteone Landscape Supply Inc. 0.71% 54,430 $6.6M Add +6.2%
VTWO Vanguard Russell 2000 ETF 0.70% 80,527 $6.5M Add +3.5%
IWF iShares Russell 1000 Growth 0.62% 15,879 $5.7M Reduce -1.3%
IUSV iShares Core S&P U.S. Value 0.61% 61,826 $5.7M Add +3.2%
QQQ Invesco QQQ Trust Series 1 0.53% 10,507 $4.9M Reduce -0.4%
RHLD Resolute Holdings Manag 0.43% 126,678 $4.0M New
TSLA Tesla Inc. 0.35% 12,748 $3.3M Add +6.9%
V Visa Inc. Class A 0.29% 7,803 $2.7M Add +0.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.29% 10,771 $2.7M Add +0.1%
BMY Bristol-Myers Squibb Co. 0.28% 42,202 $2.6M No change
JNJ Johnson & Johnson 0.27% 15,161 $2.5M Reduce -2.0%
PEP Pepsico Inc. 0.27% 16,620 $2.5M Add +2.1%
IEMG iShares Core MSCI Emerging 0.26% 44,678 $2.4M No change
ARCC Ares Capital Corp. 0.24% 100,250 $2.2M Add +9.0%
VZ Verizon Communications Inc. 0.22% 44,364 $2.0M Reduce -5.2%
XLB SS Materials Select Sector 0.21% 22,300 $1.9M Reduce -1.2%
CBOE Cboe Global Markets Inc. 0.20% 8,415 $1.9M No change
HD Home Depot Inc. 0.20% 5,161 $1.9M Reduce -0.4%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.19% 22,288 $1.8M Add +1.1%
MNR Mach Natural Resources LP 0.17% 103,000 $1.6M Reduce -1.9%
CDW CDW Corp. 0.17% 9,852 $1.6M Reduce -17.4%
ATR Aptargroup Inc. 0.17% 10,520 $1.6M No change
MA Mastercard Inc. Class A 0.17% 2,836 $1.6M Reduce -1.6%
XLRE SS Real Estate Select Sector 0.16% 34,993 $1.5M Reduce -1.0%
PFE Pfizer Inc. 0.15% 56,946 $1.4M Add +0.1%
GOOG Alphabet Inc. Class C 0.15% 8,760 $1.4M Add +8.2%
UNH Unitedhealth Group Inc. 0.15% 2,595 $1.4M Reduce -0.2%
VYM Vanguard High DVD Yield ETF 0.13% 9,414 $1.2M Add +1.6%
C Citigroup Inc. 0.12% 16,000 $1.1M No change
ORCL Oracle Corp. 0.12% 7,919 $1.1M No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.12% 20,008 $1.1M Add +0.0%
UPS United Parcel Service Class B 0.11% 9,638 $1.1M Add +26.2%
DELL Dell Technologies -C 0.10% 10,010 $912K New
CLF Cleveland-Cliffs Inc. 0.10% 110,000 $904K Add +4.8%
DVN Devon Energy Corp. 0.10% 24,000 $898K No change
GSBD Goldman Sachs BDC Inc. 0.10% 77,000 $896K Reduce -14.4%
CEG Constellation Energy 0.10% 4,417 $891K No change
MSDL Morgan Stanley Direct Lendin 0.09% 44,000 $878K Add +22.2%
NVDA Nvidia Corp. 0.09% 7,811 $847K Add +19.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 1,449 $811K Add +0.8%
TMO Thermo Fisher Scientific Inc. 0.09% 1,600 $796K Reduce -1.0%
AMD Advanced Micro Devices 0.08% 7,527 $773K New
RTX RTX Corp. 0.08% 5,790 $767K Add +54.1%
LLY Eli Lilly & Co. 0.08% 900 $743K Reduce -7.8%
WFC Wells Fargo & Co. 0.08% 9,968 $716K No change
HYBB iShares BB Rated Corp. Bond 0.08% 15,207 $703K Add +0.0%
VCSH Vanguard S/T Corp. Bond ETF 0.07% 8,801 $695K Reduce -0.9%
BIV Vanguard Intermediate-Term B 0.07% 9,006 $690K Add +0.0%
SHYG iShares 0-5 YR HY Corp. Bond 0.07% 16,166 $687K Add +0.1%
ETN Eaton Corp. PLC 0.07% 2,401 $653K Add +20.0%
GS Goldman Sachs Group Inc. 0.07% 1,171 $640K Add +105.1%
BWAY Brainsway Ltd.-ADR 0.07% 67,000 $634K No change
IVV iShares Core S&P 500 ETF 0.07% 1,129 $634K Add +0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 15,060 $628K No change
BKR Baker Hughes Co. 0.07% 13,930 $612K No change
ARKK ARK Innovation ETF 0.06% 12,250 $583K No change
TYL Tyler Technologies Inc. 0.06% 1,000 $581K No change
VMEO Vimeo Inc. 0.06% 109,050 $574K No change
J Jacobs Solutions Inc. 0.06% 4,730 $572K No change
AMGN Amgen Inc. 0.06% 1,825 $569K Add +1.2%
PATH Uipath Inc. Class A 0.06% 55,000 $567K No change
TEVA Teva Pharmaceutical-SP ADR 0.06% 36,406 $560K No change
CSCO Cisco Systems Inc. 0.06% 8,759 $541K No change
NVO Novo-Nordisk A/S-Spons ADR 0.06% 7,652 $531K Add +28.6%
MMM 3M Co. 0.06% 3,603 $529K No change
FTNT Fortinet Inc. 0.05% 5,057 $487K New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.05% 11,265 $471K Add +72.2%
XOM Exxon Mobil Corp. 0.05% 3,954 $470K Reduce -0.2%
HPE Hewlett Packard Enterprise 0.05% 30,000 $463K Add +7.1%
UBER Uber Technologies Inc. 0.05% 6,135 $447K Reduce -7.6%
IBIT iShares Bitcoin Trust ETF 0.05% 9,514 $445K No change
NMRK Newmark Group Inc. Class A 0.05% 36,250 $441K No change
DE Deere & Co. 0.05% 935 $439K No change
AI C3.AI Inc. Class A 0.05% 20,300 $427K Add +97.1%
BX Blackstone Inc. 0.04% 2,959 $414K New
MSOS Advisorshares Pure US Cann 0.04% 152,234 $397K Add +7.0%
MOH Molina Healthcare Inc. 0.04% 1,205 $397K Reduce -8.7%
CME Cme Group Inc. 0.04% 1,474 $391K Add +68.7%
HALO Halozyme Therapeutics Inc. 0.04% 6,000 $383K No change
LB Landbridge Co. LLC-A 0.04% 4,900 $353K New
DKL Delek Logistics Partners LP 0.04% 8,000 $346K Add +33.3%
HPQ HP Inc. 0.04% 12,430 $344K Add +0.2%
KO The Coca-Cola Co. 0.03% 4,543 $325K Reduce -2.0%
KBDC Kayne Anderson BDC Inc. 0.03% 20,000 $324K No change
CTRE Caretrust REIT Inc. 0.03% 10,250 $293K New
PCAR Paccar Inc. 0.03% 3,000 $292K New
TGLS Tecnoglass Holdings Inc. 0.03% 4,000 $286K New
AVGO Broadcom Inc. 0.03% 1,692 $283K Add +9.5%
IJH iShares Core S&P Midcap ETF 0.03% 4,735 $276K No change
TSM Taiwan Semiconductor-SP ADR 0.03% 1,650 $274K No change
STNE Stoneco Ltd. Class A 0.03% 26,000 $272K New
DEO Diageo PLC-Sponsored ADR 0.03% 2,555 $268K No change
OSCR Oscar Health Inc. Class A 0.03% 20,024 $263K Add +0.1%
CHW Calamos Global Dynamic Incom 0.03% 41,074 $262K No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.03% 5,017 $260K Add +0.3%
IWM iShares Russell 2000 ETF 0.03% 1,251 $250K Add +0.5%
ARKG ARK Genomic Revolution ETF 0.03% 12,000 $249K Add +50.0%
BABA Alibaba Group Holding-SP ADR 0.03% 1,863 $246K New
ETHE Grayscale Ethereum Staking E 0.03% 16,000 $244K Reduce -20.0%
HWC Hancock Whitney Corp. 0.03% 4,586 $241K No change
ZBRA Zebra Technologies Corp. Class A 0.03% 850 $240K No change
ESRT Empire State Realty Trust-A 0.03% 30,000 $235K No change
GXO Gxo Logistics Inc. 0.02% 5,800 $227K New
CE Celanese Corp. 0.02% 3,920 $223K New
AIG American International Group 0.02% 2,500 $217K New
CTRA Coterra Energy Inc. 0.02% 7,370 $213K No change
EXC Exelon Corp. 0.02% 4,567 $210K New
MPC Marathon Petroleum Corp. 0.02% 1,400 $204K No change
RXRX Recursion Pharmaceuticals-A 0.02% 35,000 $185K Add +2.9%
TLS Telos Corporation 0.02% 72,500 $173K No change
GERN Geron Corp. 0.02% 103,000 $164K Add +28.8%
RSI Rush Street Interactive Inc. 0.02% 14,250 $153K No change
CLMT Calumet Inc. 0.01% 10,000 $127K New
AMST Amesite Inc. 0.01% 50,000 $121K No change
IAS Integral Ad Science Holding 0.01% 15,000 $121K New
FDMT 4D Molecular Therapeutics Inc. 0.01% 20,000 $65K No change
CXAPP INC 0.00% 45,000 $40K No change
TLRY Tilray Brands Inc. 0.00% 50,000 $33K New
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.5M (not counted above)
SecurityClassShares / PrincipalValueChange
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 1,582,000$1.4MNo change
CXAIW Kins Tech Group Class A -CW25 *W EXP 99/99/999 651,800$86KNo change

Total filed on the 13F, all lines: $932.8M.

Portfolio Sells Q4 2024 → Q1 2025
VRT Vertiv Holdings Co. Class A Reduce -3.1% 5.28% −2.33
PNR Pentair PLC Reduce -22.1% 2.25% −0.79
KKR KKR & Co. Inc. Reduce -2.5% 2.39% −0.71
GOOGL Alphabet Inc. Class A Reduce -1.3% 2.73% −0.49
PLTR Palantir Technologies Inc. Class A Reduce -43.5% 0.79% −0.45
CSWC Capital Southwest Corp. Reduce -36.5% 1.02% −0.42
META Meta Platforms Inc. Class A Reduce -4.2% 2.33% −0.31
AMZN Amazon.com Inc. Reduce -1.3% 1.78% −0.23
PTLO Portillo's Inc. Class A Reduce -5.2% 2.35% −0.21
DKS Dick's Sporting Goods Inc. Reduce -2.4% 2.61% −0.21
CHWY Chewy Inc. Class A Reduce -2.9% 1.80% −0.15
AAP Advance Auto Parts Inc. Reduce -5.3% 0.75% −0.12
CDW CDW Corp. Reduce -17.4% 0.17% −0.06
CLOV Clover Health Investments Co. Sold out 0.00% −0.03
ULTA Ulta Beauty Inc. Reduce -0.9% 4.30% −0.03
CSX CSX Corp. Sold out 0.00% −0.02
ACN Accenture PLC Class A Sold out 0.00% −0.02
ADBE Adobe Inc. Sold out 0.00% −0.02
SBUX Starbucks Corp. Reduce -3.0% 1.17% −0.02
COST Costco Wholesale Corp. Sold out 0.00% −0.02
NTR Nutrien Ltd. Sold out 0.00% −0.02
ETHE Grayscale Ethereum Staking E Reduce -20.0% 0.03% −0.02
GSBD Goldman Sachs BDC Inc. Reduce -14.4% 0.10% −0.01
IWF iShares Russell 1000 Growth Reduce -1.3% 0.62% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -1.0% 0.09% −0.01
MNR Mach Natural Resources LP Reduce -1.9% 0.17% −0.01
CSW CSW Industrials Inc. Reduce -1.2% 2.51% −0.00
HLMN Hillman Solutions Corp. Reduce -1.1% 1.07% −0.00
HD Home Depot Inc. Reduce -0.4% 0.20% −0.00
QVCG QVC Group Inc. Sold out 0.00% −0.00
MOH Molina Healthcare Inc. Reduce -8.7% 0.04% +0.00
BCO The Brink's Co. Reduce -4.4% 1.06% +0.00
QQQ Invesco QQQ Trust Series 1 Reduce -0.4% 0.53% +0.00
LLY Eli Lilly & Co. Reduce -7.8% 0.08% +0.00
OIH Vaneck Oil Services ETF Reduce -5.5% 1.28% +0.00
UBER Uber Technologies Inc. Reduce -7.6% 0.05% +0.01
KO The Coca-Cola Co. Reduce -2.0% 0.03% +0.01
VCSH Vanguard S/T Corp. Bond ETF Reduce -0.9% 0.07% +0.01
UNH Unitedhealth Group Inc. Reduce -0.2% 0.15% +0.01
XOM Exxon Mobil Corp. Reduce -0.2% 0.05% +0.01
MA Mastercard Inc. Class A Reduce -1.6% 0.17% +0.01
XLB SS Materials Select Sector Reduce -1.2% 0.21% +0.01
XLRE SS Real Estate Select Sector Reduce -1.0% 0.16% +0.02
JPM JPMorgan Chase & Co. Reduce -1.2% 1.60% +0.02
UHAL.B U-Haul Holding Co.-Non Voting Reduce -0.4% 0.73% +0.03
VZ Verizon Communications Inc. Reduce -5.2% 0.22% +0.04
XLF SS Financial Select Sector Reduce -4.0% 0.92% +0.04
JNJ Johnson & Johnson Reduce -2.0% 0.27% +0.04
OPLN Openlane Inc. Reduce -2.0% 2.06% +0.10
ABT Abbott Laboratories Reduce -0.2% 1.04% +0.14

Portfolio Buys Q4 2024 → Q1 2025
ICLR Icon PLC Add +40.9% 2.44% +0.71
HSIC Henry Schein Inc. Add +69.6% 1.48% +0.57
RHLD Resolute Holdings Manag New 0.43% +0.43
ABBV Abbvie Inc. Add +1.2% 1.74% +0.34
VEA Vanguard Ftse Developed ETF Add +0.3% 2.16% +0.29
DELL Dell Technologies -C New 0.10% +0.10
VOO Vanguard S&P 500 ETF Add +2.0% 1.40% +0.09
AMD Advanced Micro Devices New 0.08% +0.08
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +2.0% 0.99% +0.07
IUSV iShares Core S&P U.S. Value Add +3.2% 0.61% +0.07
MSFT Microsoft Corp. Add +0.3% 2.64% +0.06
FTNT Fortinet Inc. New 0.05% +0.05
BX Blackstone Inc. New 0.04% +0.04
SITE Siteone Landscape Supply Inc. Add +6.2% 0.71% +0.04
MRK Merck & Co. Inc. Add +5.2% 0.72% +0.04
LB Landbridge Co. LLC-A New 0.04% +0.04
V Visa Inc. Class A Add +0.7% 0.29% +0.04
RTX RTX Corp. Add +54.1% 0.08% +0.04
GS Goldman Sachs Group Inc. Add +105.1% 0.07% +0.03
PEP Pepsico Inc. Add +2.1% 0.27% +0.03
UPS United Parcel Service Class B Add +26.2% 0.11% +0.03
CTRE Caretrust REIT Inc. New 0.03% +0.03
PCAR Paccar Inc. New 0.03% +0.03
TGLS Tecnoglass Holdings Inc. New 0.03% +0.03
STNE Stoneco Ltd. Class A New 0.03% +0.03
ARCC Ares Capital Corp. Add +9.0% 0.24% +0.03
BABA Alibaba Group Holding-SP ADR New 0.03% +0.03
SLB SLB Ltd. Add +72.2% 0.05% +0.03
GXO Gxo Logistics Inc. New 0.02% +0.02
CE Celanese Corp. New 0.02% +0.02
AIG American International Group New 0.02% +0.02
XLU St Sr Utl SL SE SPDR ETF-Usd Add +1.1% 0.19% +0.02
EXC Exelon Corp. New 0.02% +0.02
CME Cme Group Inc. Add +68.7% 0.04% +0.02
MSDL Morgan Stanley Direct Lendin Add +22.2% 0.09% +0.02
VTWO Vanguard Russell 2000 ETF Add +3.5% 0.70% +0.02
IBM Intl Business Machines Corp. Add +0.1% 0.29% +0.02
NVDA Nvidia Corp. Add +19.5% 0.09% +0.02
AI C3.AI Inc. Class A Add +97.1% 0.05% +0.01
CLMT Calumet Inc. New 0.01% +0.01
IAS Integral Ad Science Holding New 0.01% +0.01
VYM Vanguard High DVD Yield ETF Add +1.6% 0.13% +0.01
DKL Delek Logistics Partners LP Add +33.3% 0.04% +0.01
PFE Pfizer Inc. Add +0.1% 0.15% +0.01
AMGN Amgen Inc. Add +1.2% 0.06% +0.01
NVO Novo-Nordisk A/S-Spons ADR Add +28.6% 0.06% +0.01
ETN Eaton Corp. PLC Add +20.0% 0.07% +0.01
BIV Vanguard Intermediate-Term B Add +0.0% 0.07% +0.01
HYBB iShares BB Rated Corp. Bond Add +0.0% 0.08% +0.01
SHYG iShares 0-5 YR HY Corp. Bond Add +0.1% 0.07% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 137$1.2BVRT, GOOGL, ICLR, ULTA, KKR
Q1 2026 134$1.1BVRT, GOOGL, ULTA, MCK, CRM
Q4 2025 136$1.1BVRT, ULTA, GOOGL, MCK, MSFT
Q3 2025 156$1.1BVRT, ULTA, GOOGL, MCK, MSFT
Q2 2025 153$1.0BVRT, ULTA, MCK, MSFT, KKR
Q1 2025 162$931.3MVRT, ULTA, MCK, BRK.B, KVUE
Q4 2024 151$1.0BVRT, ULTA, MCK, GOOGL, KKR
Q3 2024 143$971.6MVRT, ULTA, PNR, CSW, MCK
Q2 2024 146$864.7MVRT, ULTA, MCK, DKS, MSFT
Q1 2024 145$866.0MVRT, ULTA, MCK, PNR, DKS