What smart money is saying about Lululemon Athletica Inc.
3 funds in our archive have pitched Lululemon Athletica Inc., most recently Tapasya in December 2025.
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits. It also provides fitness-related accessories and footwear. The company sells its products through a chain of company-operated stores; outlets and warehouse sales; interactive workout platform; a network of wholesale accounts, such as yoga studios, health clubs, and fitness centers; temporary locations; and license and supply arrangements, as well as directly to consumer through mobile apps and lululemon.com e-commerce website. As of January 30, 2022, it operated 574 company-operated stores under the lululemon brand in the United States, Canada, the People's Republic of China, Australia, the United Kingdom, Japan, New Zealand, Germany, South Korea, Singapore, France, Malaysia, Sweden, Ireland, the Netherlands, Norway, and Switzerland. lululemon athletica inc. was founded in 1998 and is based in Vancouver, Canada.
Get an email when a fund buys, sells or pitches it
Fund signal · last 12 months
5 lettersToo few moves on Lululemon Athletica Inc. yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q3 2026, 8 fund letters reported a position in Lululemon Athletica Inc., with 1 buy (opened or added) and 5 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 2 | 0 |
| Q2 2026 | 3 | 0 | 2 | 0 |
| Q4 2025 | 1 | 1 | 0 | 1 |
| Q2 2025 | 1 | 0 | 0 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
| Q4 2024 | 1 | 0 | 1 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 8 positions · 6 moves
- ExitedVision Capital FundSeptember 2026
“The four losers (Paycom Software, PayPal, Lululemon, and The Trade Desk) we exited share one pattern.”
Lululemon Athletica Inc. - ExitedGreensKeeper Value FundSeptember 2026
“Following its second-quarter earnings release, we exited our position in Lululemon Athletica (LULU).”
Lululemon Athletica Inc. - ExitedVision Capital FundJune 2026
“We exited 2 of our entire positions in Lululemon (LULU) and Paycom Software (PAYC) in Q2.”
Lululemon Athletica Inc. - June 2026
“Lululemon dropped 24.6%, causing a 0.2% decrease in total portfolio value, for example”
Lululemon Athletica Inc. - June 2026
“We sold out of Lululemon (LULU) and Fannie Mae (FNMA).”
Lululemon Athletica Inc. - New positionAppleseedNovember 2025
“Appleseed Fund added a number of new names to the portfolio in the past twelve months, including Conagra (CAG), Chemours (CC), Easterly Government Properties (DEA), Diana Shipping (DSX), GXO Logistics (GXO), Lululemon (LULU), Standard Chartered (STAN-GB), Two Harbors (TWO), NICE Ltd. (NICE), and Wal-Mart de Mexico (WMMVY).”
Lululemon Athletica Inc. - June 2025
“Another bottom contributor was lululemon® athletica Inc. (LULU), a premium athletic apparel brand renowned for pioneering the athleisure trend with its innovative technical fabrics and accessories.”
Lululemon Athletica Inc. - ExitedIthaka groupDecember 2024
“Transactions During the quarter we initiated one new position in Arista Networks (ANET) and eliminated both Lululemon (LULU) and Medpace (MEDP).”
Lululemon Athletica Inc.
Also mentioned · 3
These funds discuss Lululemon Athletica Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedNexPoint Event Driven FundDecember 2025
“During the fourth quarter, activists publicly launched campaigns against several large-cap companies. Specifically, Elliott Investment Management targeted sports apparel maker Lululemon, while Starboard Value went after oil & gas construction company Fluor and Keurig Dr Pepper, and Jana Partners, in concert with Browning West, went after specialty healthcare manufacturer Cooper Companies.”
Lululemon Athletica Inc. - September 2025
“We were hurt by some of our broader hedges in the quarter including SPDR S&P Homebuilders ETF, the Industrial Select ETF short and the Invesco QQQ Trust Series, and we benefited from several individual company shorts including Duolingo, Fidelity National Information Services, Texas Roadhouse, and former long Lululemon.”
Lululemon Athletica Inc. - MentionedUpslope Capital ManagementDecember 2024
“In June 2024, Sun Choe, the longtime Chief Product Officer at Lululemon, announced her resignation from LULU.”
Lululemon Athletica Inc.
Fund coverage · 3 theses
- TapasyaDecember 2025
Lululemon is a long-term compounder with international expansion, especially in China, expected to drive growth despite U.S. competition and tariffs.
Read the full thesis - Diamond Hill Large Cap Concentrated FundMarch 2025
Lululemon athletica is a high-quality, cash-generative technical apparel brand with a strong Americas presence and sustainable margins, presenting an attractive investment opportunity despite recent competitive pressures.
Read the full thesis - Diamond Hill Large Cap FundDecember 2024
Lululemon is a high-quality technical apparel brand with a strong market presence and growth potential
Read the full thesis
Read every full thesis on Lululemon Athletica Inc.
Read all 3 theses in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→