$HLI

$131.21 -$0.10 (0.08%) Close

$HLI Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 66.5M shares outstanding

Who owns HLI?

By type of holder

Institutions 84.6% Insiders 0.0% Everyone else 15.4%

Concentration Top 10 holders own 120.7%

Irwin Gold 23.8% · Scott L Beiser 23.8%

Institutional ownership

84.6%

+2.1 pts vs last qtr

Institutional holders

520

-28 vs last qtr

Net shares bought

+1.4M

by institutions in Q2 2026

New / sold out

54 / 82

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Citadel Advisors LLC +739.4K
Norges Bank NEW +656.5K

Biggest sellers in Q2 2026

Capital Research Global Investors −787.8K
Champlain Investment Partners, LLC −507.7K

Who is planning to sell?

Notices of proposed sale, last 12 months

$2.98M

6 notices from 4 people

Shares covered

18.3K

0.03% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

The Beiser Family Trust Of 1997 Director $941K
Gold Irwin Director $893K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2017–FY2026

+2.8%

+0.31% a year

Each share's claim on the business

−2.7%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$826M vs $143M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years75% 3–5 years4% 1–3 years13% Under 1 year8%

Quarterly turnover

12.3%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting HLI on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	5.2M	7.88%	−40.4K (−0.8%)	≤2021	0.0%
Shares held by quarter Peak holding5.7M (Q2'25) Change over 8 quarters+138.5K Share of the company7.880% BlackRock, Inc.'s full portfolio →
VP Vanguard Portfolio Management LLC	2.8M	4.17%	−4.3K (−0.2%)	≤2021	0.0%
Shares held by quarter Peak holding2.8M (Q1'26) Change over 8 quarters+2.8M Share of the company4.170% Vanguard Portfolio Management LLC's full portfolio →

BlackRock, Inc.

5.2M

% of company

7.88%

Change vs last qtr

−40.4K (−0.8%)

Held since

≤2021

Vanguard Portfolio Management LLC

2.8M

% of company

4.17%

Change vs last qtr

−4.3K (−0.2%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Houlihan Lokey, Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting HLI on Form N-PORT; together they hold 38.5% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Mid-Cap ETF iShares Trust	$249M	1.9M	2.79%	0.20%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$231M	1.7M	2.59%	0.01%	June 30, 2026

iShares Core S&P Mid-Cap ETF

iShares Trust

Position value

$249M

% of company

2.79%

% of the fund

0.20%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$231M

% of company

2.59%

% of the fund

0.01%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Houlihan Lokey, Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
IG Irwin Gold 5%+ holder 13D · 22.5%	15.8M	23.76%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company23.760% Disclosed stake13D · 22.5% View the 13D/G filing →
SL Scott L Beiser 5%+ holder 13D · 22.5%	15.8M	23.76%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company23.760% Disclosed stake13D · 22.5% View the 13D/G filing →

Irwin Gold

5%+ holder13D · 22.5%

15.8M

% of company

23.76%

Change vs last qtr

—

Held since

—

Scott L Beiser

5%+ holder13D · 22.5%

15.8M

% of company

23.76%

Change vs last qtr

—

Held since

—

2 more holders behind a free account

See every insider and 5%+ holder of Houlihan Lokey, Inc..

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