Houlihan Lokey, Inc.
US ˙ NYSE ˙ US4415931009

SecurityHLI / Houlihan Lokey, Inc.
InstitutionAdvisory Services Network, LLC
Latest Disclosed Ownership2,428 shares
Latest Disclosed Value $ 348,710
Advisory Services Network, LLC reports 67.43% decrease in ownership of HLI / Houlihan Lokey, Inc.

On May 15, 2026 - Advisory Services Network, LLC filed a 13F-HR form disclosing ownership of 2,428 shares of Houlihan Lokey, Inc. (US:HLI) valued at $348,709 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 7,454 shares of Houlihan Lokey, Inc.. This represents a change in shares of -67.43% during the quarter. The current value of the position is $338,099 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F HOULIHAN LOKEY INC CL A Stock 441593100 2,428 -5,026 -67.43 349 -73.19 0.0032
2026-02-17 2025-12-31 13F HOULIHAN LOKEY INC CL A Stock 441593100 7,454 187 2.57 1,298 -13.00 0.0184
2025-11-18 2025-09-30 13F HOULIHAN LOKEY Stock 441593100 7,267 129 1.81 1,492 9.71 0.0219
2025-08-19 2025-06-30 13F HOULIHAN LOKEY Stock 441593100 7,138 496 7.47 1,361 26.87 0.0219
2025-05-15 2025-03-31 13F HOULIHAN LOKEY Stock 441593100 6,642 11 0.17 1,073 -6.86 0.0206
2025-02-13 2024-12-31 13F HOULIHAN LOKEY Stock 441593100 6,631 4,130 165.13 1,152 241.54 0.0215
2024-11-14 2024-09-30 13F HOULIHAN LOKEY Stock 441593100 2,501 0 0.00 337 0.00 0.0070
2024-08-13 2024-06-30 13F HOULIHAN LOKEY Stock 441593100 2,501 -46 -1.81 337 3.37 0.0070
2024-05-06 2024-03-31 13F HOULIHAN LOKEY Stock 441593100 2,547 -65 -2.49 326 4.15 0.0072
2024-02-09 2023-12-31 13F HOULIHAN LOKEY Stock 441593100 2,612 -160 -5.77 313 5.74 0.0077
2023-11-14 2023-09-30 13F HOULIHAN LOKEY Stock 441593100 2,772 19 0.69 297 9.63 0.0080
2023-08-09 2023-06-30 13F HOULIHAN LOKEY Stock 441593100 2,753 -88 -3.10 271 8.87 0.0072
2023-05-17 2023-03-31 13F HOULIHAN LOKEY Stock 441593100 2,841 0 0.00 249 0.40 0.0069
2023-02-13 2022-12-31 13F HOULIHAN LOKEY Stock 441593100 2,841 83 3.01 248 18.75 0.0076
2022-11-14 2022-09-30 13F HOULIHAN LOKEY Stock 441593100 2,758 -3 -0.11 208 -4.15 0.0073
2022-08-02 2022-06-30 13F HOULIHAN LOKEY Stock 441593100 2,761 -243 -8.09 217 -17.49 0.0074
2022-05-23 2022-03-31 13F HOULIHAN LOKEY Stock 441593100 3,004 206 7.36 263 -9.00 0.0077
2022-02-14 2021-12-31 13F HOULIHAN LOKEY Stock 441593100 2,798 -210 -6.98 289 4.33 0.0083
2021-11-05 2021-09-30 13F HOULIHAN LOKEY Stock 441593100 3,008 -514 -14.59 277 -3.82 0.0088
2021-08-12 2021-06-30 13F HOULIHAN LOKEY Stock 441593100 3,522 -502 -12.48 288 7.87 0.0091
2021-05-24 2021-03-31 13F HOULIHAN LOKEY Stock 441593100 4,024 118 3.02 267 1.91 0.0099
2021-02-09 2020-12-31 13F HOULIHAN LOKEY Stock 441593100 3,906 355 10.00 262 24.76 0.0105
2020-11-16 2020-09-30 13F HOULIHAN LOKEY Stock 441593100 3,551 -246 -6.48 210 -0.47 0.0099
2020-08-10 2020-06-30 13F HOULIHAN LOKEY INC CL A Stock 441593100 3,797 766 25.27 211 33.54 0.0116
2020-05-15 2020-03-31 13F HOULIHAN LOKEY Stock 441593100 3,031 139 4.81 158 11.27 0.0103
2020-02-04 2019-12-31 13F HOULIHAN LOKEY Stock 441593100 2,892 110 3.95 142 14.52 0.0075
2019-11-04 2019-09-30 13F HOULIHAN LOKEY Stock 441593100 2,782 0 0.00 124 0.00 0.0076
2019-08-01 2019-06-30 13F HOULIHAN LOKEY Stock 441593100 2,782 378 15.72 124 12.73 0.0076
2019-05-20 2019-03-31 13F HOULIHAN LOKEY Stock 441593100 2,404 465 23.98 110 54.93 0.0077
2019-02-15 2018-12-31 13F HOULIHAN LOKEY Stock 441593100 1,939 1,390 253.19 71 184.00 0.0062
2018-11-02 2018-09-30 13F HOULIHAN LOKEY Stock 441593100 549 0 0.00 25 -13.79 0.0018
2018-07-27 2018-06-30 13F HOULIHAN LOKEY Stock 441593100 549 472 612.99 29 866.67 0.0022
2018-04-23 2018-03-31 13F HOULIHAN LOKEY Stock 441593100 77 77 3 0.0002
2017-08-17 2017-06-30 13F HOULIHAN LOKEY INC CL A Stock 441593100 0 -250 -100.00 0 -100.00
2017-04-28 2017-03-31 13F HOULIHAN LOKEY INC CL A Stock 441593100 250 250 9 0.0013
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.