HLI
Houlihan Lokey, Inc. · Financial Services · Investment - Banking & Investment Services
Momentum inputs (comparable managers):
holder breadth -7.7% ·
share flow -7.3% ·
net new positions -8.3%
· formula
Broad distribution: falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q3 2026 | 3 | -1 | 46.99K | $5.91M | n/a | −1 |
| Q2 2026 | 122 | -6 | 40.18M | $5.39B | +3 | −8 |
| Q1 2026 | 130 | +1 | 37.89M | $5.44B | +9 | −9 |
| Q4 2025 | 129 | +2 | 40.17M | $7.00B | +4 | −1 |
| Q3 2025 | 16 | -2 | 18.93M | $3.89B | n/a | −3 |
| Q2 2025 | 16 | +1 | 18.23M | $3.28B | +2 | −1 |
| Q1 2025 | 12 | 0 | 5.39M | $870.85M | +1 | −1 |
| Q4 2024 | 12 | -1 | 5.30M | $920.77M | +1 | −2 |
| Q3 2024 | 12 | +2 | 4.02M | $635.52M | +2 | n/a |
| Q2 2024 | 10 | n/a | 4.21M | $567.45M | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | State Street Global Advisors ✦ (passive) | 1.70M | n/a | $294.67M | 0.0% | n/c | 1 | SEC ↗ |
| 2 | Wellington Management ✦ | 1.50M | -19.0% | $260.43M | 0.0% | ▼ Trim | 3 | SEC ↗ ×7 |
| 3 | Geode Capital Management ✦ (passive) | 966.48K | -0.4% | $167.89M | 0.0% | ▼ Trim | 3 | SEC ↗ ×2 |
| 4 | Norges Bank ✦ (passive) | 656.72K | +0.2% | $114.05M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 5 | Citadel Advisors ✦ | 248.30K | -5.8% | $43.12M | 0.0% | ▼ Trim | 3 | SEC ↗ ×2 |
| 6 | Point72 Asset Management ✦ | 120.37K | New | $20.90M | 0.1% | New | 1 | SEC ↗ |
| 7 | Renaissance Technologies ✦ | 37.00K | -35.0% | $6.43M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 8 | T. Rowe Price ✦ | 33.81K | +14.1% | $5.87M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 9 | AQR Capital Management ✦ | 19.76K | +34.3% | $3.43M | 0.0% | ▲ Add | 3 | SEC ↗ ×3 |
| 10 | D. E. Shaw & Co. ✦ | 13.48K | +49.8% | $2.34M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 11 | Bridgewater Associates ✦ | 6.24K | -7.6% | $1.08M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 12 | Two Sigma Investments ✦ | 3.25K | +70.2% | $564,221 | 0.0% | ▲ Add | 3 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| Point72 Asset Management | $20.90M | 0.1% |
Exited
| Millennium Management | $25.36M | was 0.0% |
| Marshall Wace | $369,293 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 538 holders, 54.50M shares, $7.34B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold: shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Officer · 1.00K sh · $140,150
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology