Vault-13

HOULIHAN LOKEY INC HLI

CL A · Common Stock · CUSIP 441593100

American multinational investment bank and financial services company

329 institutional holders -5 vs Q4 2022
51,090,62951.1m shares reported held*
$4.5bnreported value*
38 new 143 added 100 reduced 38 sold out net bought ≈ $114.2m (+1.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $87.57. Options: 4 managers hold calls ($4.5m notional), 3 hold puts ($638.7k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 322Q4 22: 334Q1 23: 329329Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022322
Q4 2022334
Q1 2023329

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 158 bought or addedQ4 22: 154 cut or sold outQ4 22Q1 23: 181 bought or addedQ1 23: 138 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022158154
Q1 2023181138

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ3 22 calls: $1.2mQ3 22 puts: $746.0kQ3 22P/C 0.60Q4 22 calls: $1.7mQ4 22 puts: $540.4kQ4 22P/C 0.31Q1 23 calls: $4.5mQ1 23 puts: $638.7kQ1 23P/C 0.14
Numbers
QuarterCallsPutsP/C
Q3 2022$1.2m$746.0k0.60
Q4 2022$1.7m$540.4k0.31
Q1 2023$4.5m$638.7k0.14

Biggest buyers

FMR LLC Added +828,249+828.2k
FIL Ltd Added +261,219+261.2k
Vigilant Capital Management, LLC Added +256,784+256.8k
AMERIPRISE FINANCIAL INC Added +203,035+203.0k
MACQUARIE GROUP LTD Added +173,663+173.7k
Clearbridge Investments, LLC Added +139,895+139.9k
GOLDMAN SACHS GROUP INC Added +130,287+130.3k
WELLINGTON MANAGEMENT GROUP LLP Added +123,069+123.1k
VANGUARD GROUP INC Added +119,352+119.4k
NORGES BANK Added +118,186+118.2k

Biggest sellers

FIRST TRUST ADVISORS LP Reduced -825,787-825.8k
BlackRock Inc. Reduced -478,242-478.2k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -191,452-191.5k
GEODE CAPITAL MANAGEMENT, LLC Reduced -161,253-161.3k
DIMENSIONAL FUND ADVISORS LP Reduced -109,886-109.9k
NORDEA INVESTMENT MANAGEMENT AB Reduced -88,849-88.8k
Rheos Capital Works Inc. Sold out -81,500-81.5k
Summit Global Investments Sold out -68,739-68.7k
Nuveen Asset Management, LLC Reduced -64,383-64.4k
RENAISSANCE TECHNOLOGIES LLC Sold out -59,500-59.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.0m34.3k shares
CITADEL ADVISORS LLC Reduced $1.0m11.5k shares
SIMPLEX TRADING, LLC New $481.0k5.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $358.7k4.1k shares
CITADEL ADVISORS LLC Reduced $280.0k3.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
HL VOTING TRUST 13D · may seek influence filed 2025-08-28 22.9% 16.2m≈ $2.2bn 2025-08-28
Adelson Scott Joseph 13D · may seek influence filed 2026-01-02 22.5% 15.8m≈ $2.1bn 2026-01-02
BlackRock, Inc. 13G · institution filed 2025-04-17 8.9% 4.8m≈ $644.3m 2025-04-17
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 5.2% new 2.8m≈ $380.4m 2026-04-30
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.1% new 2.8m≈ $373.9m 2026-04-29

Fell to 5% or below in the last year: KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC (4.9%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)

Insider purchases and sales in Q1 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
202Q2 21: 0 buyingQ2 21: 0 sellingQ3 21: 0 buyingQ3 21: 0 sellingQ3 21Q4 21: 1 buyingQ4 21: 1 sellingQ1 22: 1 buyingQ1 22: 1 sellingQ1 22Q2 22: 1 buyingQ2 22: 0 sellingQ3 22: 0 buyingQ3 22: 0 sellingQ3 22Q4 22: 0 buyingQ4 22: 2 sellingQ1 23: 0 buyingQ1 23: 0 sellingQ1 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20210—0——
Q3 20210—0——
Q4 20211$11.9k1$1.2m—
Q1 20221$12.0k1$316.7k—
Q2 20221$14.9k0——
Q3 20220—0——
Q4 20220—2$3.5m—
Q1 20230—0——

None reported in Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 5,213,7325.2m $456.1m $456.1m 0.01% Added +119.4k +119,352
2 BlackRock Inc. 0.01% of their portfolio New York, NY 4,017,6444.0m $351.5m $351.5m 0.01% Reduced -478.2k -478,242
3 EARNEST PARTNERS LLC 1.87% of their portfolio ATLANTA, GA 3,695,5053.7m $323.3m $323.3m 1.87% Added +40.6k +40,583
4 ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio NASHVILLE, TN 2,863,5332.9m $250.5m $250.5m 0.11% Added +17.9k +17,929
5 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.69% of their portfolio LOS ANGELES, CA 2,695,2702.7m $235.8m $235.8m 0.69% Added +2.0k +1,955
6 Burgundy Asset Management Ltd. 1.72% of their portfolio Toronto, A6 1,589,7761.6m $139.1m $139.1m 1.72% Added +12.7k +12,685
7 FMR LLC 0.01% of their portfolio BOSTON, MA 1,536,4661.5m $134.4m $134.4m 0.01% Added +828.2k +828,249
8 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,405,9761.4m $123.0m $123.0m 0.01% Added +69.9k +69,927
9 T. Rowe Price Investment Management, Inc. 0.09% of their portfolio BALTIMORE, MD 1,369,0571.4m $119.8m $119.8m 0.09% Added +11.2k +11,219
10 BAMCO INC /NY/ 0.34% of their portfolio NEW YORK, NY 1,298,5771.3m $113.6m $113.6m 0.34% Reduced -2.6k -2,596
11 Clearbridge Investments, LLC 0.10% of their portfolio NEW YORK, NY 1,175,0661.2m $102.8m $102.8m 0.10% Added +139.9k +139,895
12 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,117,2771.1m $97.8m $97.8m 0.01% Added +50.0k +50,000
13 FIDUCIARY MANAGEMENT INC /WI/ 0.96% of their portfolio MILWAUKEE, WI 1,086,8801.1m $95.1m $95.1m 0.96% Reduced -27.3k -27,251
14 NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio NEW YORK, NY 1,080,1471.1m $94.5m $94.5m 0.09% Reduced -18.0k -17,986
15 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 988,145988.1k $86.5m $86.5m 0.01% Reduced -161.3k -161,253
16 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 955,048955.0k $83.6m $83.6m 0.03% Added +203.0k +203,035
17 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 915,650915.6k $80.1m $80.1m 0.01% Reduced -15.6k -15,614
18 Thrivent Financial for Lutherans 0.18% of their portfolio Minneapolis, MN 836,667836.7k $73.2m $73.2m 0.18% Added +61.7k +61,673
19 Van Berkom & Associates Inc. 2.40% of their portfolio MONTREAL, A8 742,717742.7k $65.0m $65.0m 2.40% Added +43.4k +43,423
20 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 737,230737.2k $64.5m $64.5m 0.01% Added +16.2k +16,207
21 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 691,990692.0k $60.5m $60.5m 0.02% Reduced -109.9k -109,886
22 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 663,382663.4k $58.0m $58.0m 0.02% Added +5.1k +5,136
23 GW&K Investment Management, LLC 0.54% of their portfolio BOSTON, MA 638,684638.7k $55.9m $55.9m 0.54% Added +1.5k +1,472
24 NORGES BANK 0.01% of their portfolio OSLO, Q8 619,950620.0k $54.2m $54.2m 0.01% Added +118.2k +118,186
25 SEI INVESTMENTS CO 0.09% of their portfolio OAKS, PA 538,325538.3k $47.1m $47.1m 0.09% Added +39.1k +39,131
26 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 486,772486.8k $42.6m $42.6m 0.02% Reduced -23.5k -23,490
27 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 481,234481.2k $42.1m $42.1m 0.01% Added +14.8k +14,769
28 JENNISON ASSOCIATES LLC 0.04% of their portfolio NEW YORK, NY 471,159471.2k $41.2m $41.2m 0.04% Added +58.8k +58,772
29 NATIXIS ADVISORS, LLC 0.14% of their portfolio Boston, MA 470,013470.0k $41.1m $41.1m 0.14% Added +82.2k +82,236
30 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 433,527433.5k $37.9m $37.9m 0.01% Added +130.3k +130,287
31 NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio ALBANY, NY 428,773428.8k $37.5m $37.5m 0.05% Reduced -9.5k -9,494
32 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 425,248425.2k $37.2m $37.2m 0.01% Added +123.1k +123,069
33 NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio STOCKHOLM, V7 421,231421.2k $36.5m $36.5m 0.05% Reduced -88.8k -88,849
34 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 373,725373.7k $32.7m $32.7m 0.01% Added +4.6k +4,606
35 MACQUARIE GROUP LTD 0.04% of their portfolio Sydney, NSW 2000, C3 366,880366.9k $32.1m $32.1m 0.04% Added +173.7k +173,663
36 FIL Ltd 0.03% of their portfolio HAMILTON, D0 315,147315.1k $27.6m $27.6m 0.03% Added +261.2k +261,219
37 WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC 1.73% of their portfolio INDIANAPOLIS, IN 290,211290.2k $25.4m $25.4m 1.73% Added +5.8k +5,759
38 Ancora Advisors LLC 0.71% of their portfolio Cleveland, OH 283,980284.0k $24.8m $24.8m 0.71% Added +34.2k +34,217
39 Vigilant Capital Management, LLC 1.83% of their portfolio Portland, ME 257,095257.1k $22.5m $22.5m 1.83% Added +256.8k +256,784
40 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 253,645253.6k $22.2m $22.2m 0.01% Added +5.5k +5,478
41 ROYCE & ASSOCIATES LP 0.21% of their portfolio New York, NY 245,439245.4k $21.5m $21.5m 0.21% Added +30.7k +30,700
42 ARGENT CAPITAL MANAGEMENT LLC 0.63% of their portfolio ST LOUIS, MO 207,611207.6k $18.2m $18.2m 0.63% Added +4.3k +4,294
43 UBS Group AG 0.01% of their portfolio ZURICH, V8 200,029200.0k $17.5m $17.5m 0.01% Added +242 +242
44 EMERALD ADVISERS, LLC 0.76% of their portfolio LEOLA, PA 182,033182.0k $15.9m $15.9m 0.76% Reduced -2.3k -2,253
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 177,640177.6k $15.5m $15.5m 0.00% Added +24.1k +24,065
46 STRS OHIO 0.02% of their portfolio COLUMBUS, OH 174,900174.9k $15.3m $15.3m 0.02% Added +116.6k +116,600
47 FLPUTNAM INVESTMENT MANAGEMENT CO 0.49% of their portfolio PORTLAND, ME 171,665171.7k $15.0m $15.0m 0.49% Reduced -7.5k -7,495
48 Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio Boston, MA 164,230164.2k $14.4m $14.4m 0.07% Added +61.9k +61,863
49 EAGLE ASSET MANAGEMENT INC 0.08% of their portfolio ST PETERSBURG, FL 163,804163.8k $14.3m $14.3m 0.08% Added +4.9k +4,868
50 EMERALD MUTUAL FUND ADVISERS TRUST 0.79% of their portfolio LEOLA, PA 153,734153.7k $13.5m $13.5m 0.79% Reduced -2.1k -2,068
51 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 139,923139.9k $12.2m $12.2m 0.00% Reduced -64.4k -64,383
52 POLEN CAPITAL MANAGEMENT LLC 0.03% of their portfolio Boca Raton, FL 137,581137.6k $12.0m $12.0m 0.03% Reduced -3.7k -3,682
53 Montanaro Asset Management Ltd 1.78% of their portfolio LONDON, X0 131,000131.0k $11.5m $11.5m 1.78% Unchanged
54 GHP Investment Advisors, Inc. 0.72% of their portfolio Denver, CO 129,893129.9k $11.4m $11.4m 0.72% Added +1.4k +1,445
55 SEGALL BRYANT & HAMILL, LLC 0.12% of their portfolio CHICAGO, IL 122,596122.6k $10.7m $10.7m 0.12% Added +1.5k +1,530
56 GREAT LAKES ADVISORS, LLC 0.09% of their portfolio CHICAGO, IL 117,152117.2k $10.2m $10.2m 0.09% New
57 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 114,654114.7k $10.0m $10.0m 0.01% Reduced -191.5k -191,452
58 West Coast Financial LLC 1.51% of their portfolio SANTA BARBARA, CA 112,834112.8k $9.9m $9.9m 1.51% Reduced -1.7k -1,710
59 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 109,429109.4k $9.6m $9.6m 0.02% Reduced -38.7k -38,735
60 Swiss National Bank 0.01% of their portfolio ZURICH, V8 107,536107.5k $9.4m $9.4m 0.01% Reduced -12.3k -12,300
61 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 105,758105.8k $9.3m $9.3m 0.01% Reduced -15.5k -15,533
62 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 102,821102.8k $9.0m $9.0m 0.01% Added +2.4k +2,427
63 Pier Capital, LLC 1.27% of their portfolio STAMFORD, CT 95,37295.4k $8.3m $8.3m 1.27% Reduced -16.0k -16,045
64 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 85,62785.6k $7.5m $7.5m 0.00% Reduced -651 -651
65 Northwest & Ethical Investments L.P. 0.25% of their portfolio TORONTO, A6 85,10585.1k $7.4m $7.4m 0.25% Reduced -17.4k -17,405
66 Franklin, Parlapiano, Turner & Welch, LLC 2.25% of their portfolio HOUSTON, TX 80,64880.6k $7.1m $7.1m 2.25% Reduced -1.5k -1,489
67 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.03% of their portfolio DENVER, CO 77,01877.0k $6.7m $6.7m 0.03% Added +71.0k +71,011
68 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 76,10976.1k $6.7m $6.7m 0.01% Added +6.5k +6,474
69 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 74,21874.2k $6.5m $6.5m 0.01% Reduced -825.8k -825,787
70 CRAWFORD INVESTMENT COUNSEL INC 0.13% of their portfolio ATLANTA, GA 69,88669.9k $6.1m $6.1m 0.13% Reduced -2.2k -2,240
71 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 68,69968.7k $6.0m $6.0m 0.01% Added +12.5k +12,504
72 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 65,59865.6k $5.7m $5.7m 0.01% Added +52.1k +52,105
73 Ergoteles LLC 0.22% of their portfolio NEW YORK, NY 63,13663.1k $5.5m $5.5m 0.22% New
74 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 62,70062.7k $5.5m $5.5m 0.01% Reduced -481 -481
75 Vestcor Inc 0.20% of their portfolio FREDERICTON, A3 62,13962.1k $5.4m $5.4m 0.20% Reduced -18.5k -18,531
76 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 57,45357.5k $5.0m $5.0m 0.00% Added +571 +571
77 CASTLEARK MANAGEMENT LLC 0.24% of their portfolio CHICAGO, IL 55,45055.5k $4.9m $4.9m 0.24% New
78 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 53,53653.5k $4.7m $4.7m 0.00% Added +2.0k +2,009
79 ALPS ADVISORS INC 0.04% of their portfolio Denver, CO 50,99451.0k $4.5m $4.5m 0.04% Added +5.6k +5,612
80 Legal & General Group Plc 0.00% of their portfolio London, X0 50,55350.6k $4.4m $4.4m 0.00% Added +2.1k +2,065
81 FineMark National Bank & Trust 0.18% of their portfolio FORT MYERS, FL 48,05948.1k $4.2m $4.2m 0.18% Added +2.2k +2,220
82 WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 2.18% of their portfolio HIGHLAND PARK, IL 47,57247.6k $4.2m $4.2m 2.18% Added +2.6k +2,622
83 Man Group plc 0.01% of their portfolio LONDON, X0 47,11747.1k $4.1m $4.1m 0.01% New
84 Grandeur Peak Global Advisors, LLC 0.25% of their portfolio SALT LAKE CITY, UT 46,41546.4k $4.1m $4.1m 0.25% Added +39.3k +39,300
85 ExodusPoint Capital Management, LP 0.04% of their portfolio NEW YORK, NY 44,38544.4k $3.9m $3.9m 0.04% New
86 NFJ INVESTMENT GROUP, LLC 0.10% of their portfolio DALLAS, TX 42,76642.8k $3.7m $3.7m 0.10% Reduced -133 -133
87 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 41,60241.6k $3.6m $3.6m 0.01% Added +27.8k +27,772
88 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio New York, NY 40,52540.5k $3.5m $3.5m 0.04% Reduced -1.9k -1,868
89 FIFTH THIRD BANCORP 0.02% of their portfolio CINCINNATI, OH 40,26740.3k $3.5m $3.5m 0.02% Added +935 +935
90 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 40,18140.2k $3.5m $3.5m 0.00% Added +19.0k +18,984
91 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 39,38439.4k $3.4m $3.4m 0.00% Reduced -8.3k -8,327
92 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 39,29839.3k $3.4m $3.4m 0.01% Added +34.2k +34,161
93 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 39,28939.3k $3.4m $3.4m 0.01% Reduced -1.4k -1,354
94 OPPENHEIMER ASSET MANAGEMENT INC. 0.05% of their portfolio NEW YORK, NY 38,26538.3k $3.3m $3.3m 0.05% Added +68 +68
95 Fiera Capital Corp 0.01% of their portfolio MONTREAL, A8 38,21538.2k $3.3m $3.3m 0.01% Added +442 +442
96 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 37,88137.9k $3.3m $3.3m 0.00% Reduced -304 -304
97 Weil Company, Inc. 1.50% of their portfolio SAN DIEGO, CA 37,67737.7k $3.3m $3.3m 1.50% Reduced -2.0k -2,040
98 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 33,58233.6k $2.9m $2.9m 0.00% Reduced -19.4k -19,450
99 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 32,71132.7k $2.9m $2.9m 0.00% Added +30.2k +30,187
100 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 30,36830.4k $2.7m $2.7m 0.01% Added +241 +241