HOULIHAN LOKEY, INC. - Class A common stock, par value $0.001 per share (HLI) Institutional Ownership

13F Institutional Holders and Ownership History from Q3 2015 to Q4 2025

Type / Class
Equity / Class A common stock, par value $0.001 per share
Symbol
HLI on NYSE
Shares outstanding
70,218,542
Price per share
$186.24
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
53,158,727
Total reported value
$9,265,620,926
% of total 13F portfolios
0.01%
Share change
+1,264,059
Value change
+$199,533,617
Number of holders
557
Price from insider filings
$186.24
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of HOULIHAN LOKEY, INC. - Class A common stock, par value $0.001 per share (HLI) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
HL VOTING TRUST 23% $3,102,834,776 16,212,105 HL Voting Trust 26 Aug 2025
Adelson Scott Joseph 22% $2,737,048,557 15,799,172 A&R Voting Trust 30 Dec 2025
BlackRock, Inc. 8.9% $774,388,840 4,803,603 BlackRock, Inc. 31 Mar 2025
EARNEST PARTNERS LLC 4.9% $427,030,459 2,648,908 EARNEST PARTNERS LLC 31 Mar 2025

As of 31 Dec 2025, 557 institutional investors reported holding 53,158,727 shares of HOULIHAN LOKEY, INC. - Class A common stock, par value $0.001 per share (HLI). This represents 76% of the company’s total 70,218,542 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of HOULIHAN LOKEY, INC. - Class A common stock, par value $0.001 per share (HLI) together control 50% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 7.5% 5,256,736 -0.91% 0.01% $915,670,844
BlackRock, Inc. 7.5% 5,241,321 -4.9% 0.02% $912,985,681
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 3.9% 2,772,807 -5.1% 1.3% $482,995,398
EARNEST PARTNERS LLC 3.3% 2,291,511 -5.4% 1.7% $399,158,302
ROYAL BANK OF CANADA 2.4% 1,703,369 +362% 0.05% $296,706,000
STATE STREET CORP 2.4% 1,703,295 -0.68% 0.01% $296,696,956
GEODE CAPITAL MANAGEMENT, LLC 2% 1,418,549 +6.4% 0.02% $247,133,049
WELLINGTON MANAGEMENT GROUP LLP 1.8% 1,283,813 -6.5% 0.04% $223,627,386
BANK OF MONTREAL /CAN/ 1.7% 1,199,459 +2723% 0.09% $208,933,764
FMR LLC 1.6% 1,125,462 -22% 0.01% $196,044,226
BAMCO INC /NY/ 1.6% 1,123,951 -0.55% 0.53% $195,781,025
Capital Research Global Investors 1.4% 962,263 +0.61% 0.03% $167,616,592
BANK OF AMERICA CORP /DE/ 1.4% 953,840 -4.6% 0.01% $166,149,363
RAYMOND JAMES FINANCIAL INC 1.1% 796,361 -5.4% 0.04% $139,783,831
Invesco Ltd. 1.1% 760,961 -8% 0.02% $132,551,871
Thrivent Financial for Lutherans 1% 708,847 -0.65% 0.22% $123,474,000
FIDUCIARY MANAGEMENT INC /WI/ 0.99% 697,293 -6.8% 1.3% $121,461,468
SEI INVESTMENTS CO 0.98% 688,906 -4% 0.12% $120,000,494
NORGES BANK 0.94% 662,940 0.01% $115,477,519
NEUBERGER BERMAN GROUP LLC 0.9% 628,778 -5.6% 0.08% $109,526,855
JENNISON ASSOCIATES LLC 0.84% 587,767 -0.23% 0.06% $102,383,198
Clearbridge Investments, LLC 0.81% 568,883 -0.68% 0.08% $99,093,650
MORGAN STANLEY 0.78% 550,308 -1.6% 0.01% $95,858,388
GOLDMAN SACHS GROUP INC 0.78% 544,862 +20% 0.01% $94,909,478
DIMENSIONAL FUND ADVISORS LP 0.76% 535,337 +2.6% 0.02% $93,254,742

Institutional Holders of HOULIHAN LOKEY, INC. - Class A common stock, par value $0.001 per share (HLI) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 53,158,727 $9,265,620,926 +$199,533,617 $174.19 557
2025 Q3 53,056,549 $10,882,253,200 -$400,464,283 $205.32 548
2025 Q2 55,151,304 $9,926,930,863 +$471,413,490 $179.95 544
2025 Q1 52,567,273 $8,487,221,576 -$175,836,513 $161.50 519
2024 Q4 53,481,100 $9,288,391,777 +$125,929,921 $173.66 503
2024 Q3 52,737,128 $8,356,934,923 -$99,592,807 $158.02 448
2024 Q2 53,333,998 $7,194,526,167 +$22,141,376 $134.86 415
2024 Q1 53,078,915 $6,803,573,184 -$98,566,173 $128.19 394
2023 Q4 53,816,334 $6,453,409,139 +$403,965,219 $119.91 390
2023 Q3 50,331,241 $5,391,902,100 +$66,749,158 $107.12 337
2023 Q2 49,999,017 $4,915,258,788 -$20,667,298 $98.31 328
2023 Q1 50,280,690 $4,398,588,932 +$33,932,140 $87.49 324
2022 Q4 49,889,582 $4,348,887,655 +$108,608,181 $87.16 331
2022 Q3 49,162,580 $3,706,845,402 -$89,549,535 $75.38 310
2022 Q2 48,933,633 $3,862,904,423 -$90,630,269 $78.93 315
2022 Q1 50,269,636 $4,417,926,892 -$10,590,207 $87.80 338
2021 Q4 50,337,924 $5,210,955,334 -$161,133,876 $103.52 339
2021 Q3 51,868,723 $4,776,625,765 -$70,664,023 $92.10 305
2021 Q2 52,647,519 $4,305,994,220 +$48,425,275 $81.79 299
2021 Q1 52,214,502 $3,472,965,278 +$85,260,027 $66.51 271
2020 Q4 50,756,040 $3,411,295,045 -$15,507,649 $67.23 280
2020 Q3 50,933,221 $3,006,423,684 +$28,939,553 $59.05 253
2020 Q2 50,481,616 $2,806,711,479 +$184,354,471 $55.64 270
2020 Q1 47,178,381 $2,460,606,379 +$143,478,505 $52.12 223
2019 Q4 44,244,819 $2,162,355,596 +$113,108,529 $48.87 183
2019 Q3 42,059,645 $1,896,707,843 +$794,215 $45.10 188
2019 Q2 42,099,598 $1,873,296,315 +$187,654,139 $44.53 183
2019 Q1 38,288,895 $1,754,568,442 +$191,726,412 $45.85 165
2018 Q4 34,239,648 $1,259,269,924 -$8,955,929 $36.80 157
2018 Q3 34,164,509 $1,533,997,661 +$335,471 $44.93 163
2018 Q2 33,914,144 $1,736,893,143 +$171,856,671 $51.22 189
2018 Q1 30,588,691 $1,364,251,987 +$218,687,558 $44.60 162
2017 Q4 26,738,613 $1,214,734,119 +$154,905,292 $45.43 148
2017 Q3 22,857,631 $894,461,217 +$52,187,965 $39.13 124
2017 Q2 21,571,011 $752,822,795 -$5,905,836 $34.90 113
2017 Q1 21,766,161 $749,838,577 +$341,600,007 $34.45 103
2016 Q4 12,573,303 $391,296,278 +$21,945,853 $31.12 88
2016 Q3 12,016,341 $300,980,771 +$2,016,864 $25.05 75
2016 Q2 11,994,481 $268,317,240 -$2,244,627 $22.37 71
2016 Q1 12,055,341 $300,153,312 -$4,478,157 $24.90 72
2015 Q4 12,166,923 $318,842,958 +$25,305,997 $26.21 68
2015 Q3 11,237,351 $244,974,854 +$244,974,854 $21.80 61