HLI
Houlihan Lokey, Inc. · Financial Services · Investment - Banking & Investment Services
Momentum inputs (comparable managers):
holder breadth +6.7% ·
share flow +1.3% ·
net new positions +6.2%
· formula
Broad accumulation: rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| 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 | BlackRock ✦ (passive) | 5.69M | n/a | $1.02B | 0.0% | n/c | 1 | SEC ↗ ×20 |
| 2 | The Vanguard Group ✦ (passive) | 5.29M | n/a | $952.19M | 0.0% | n/c | 1 | SEC ↗ ×6 |
| 3 | State Street Global Advisors ✦ (passive) | 1.72M | -1.1% | $308.90M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 4 | Fidelity (FMR) ✦ | 1.63M | n/a | $293.06M | 0.0% | n/c | 1 | SEC ↗ ×6 |
| 5 | Wellington Management ✦ | 1.46M | +4.6% | $262.59M | 0.0% | ▲ Add | 5 | SEC ↗ ×7 |
| 6 | Geode Capital Management ✦ (passive) | 1.04M | +2.1% | $187.46M | 0.0% | ▲ Add | 5 | SEC ↗ ×2 |
| 7 | Norges Bank ✦ (passive) | 704.21K | +4.5% | $126.72M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 8 | Renaissance Technologies ✦ | 236.10K | +56.7% | $42.49M | 0.1% | ▲ Add | 5 | SEC ↗ |
| 9 | AQR Capital Management ✦ | 131.53K | +343.6% | $23.67M | 0.0% | ▲ Add | 5 | SEC ↗ ×5 |
| 10 | Millennium Management ✦ | 114.36K | -2.6% | $20.58M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 11 | Citadel Advisors ✦ | 98.55K | +4.0% | $17.73M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 12 | Two Sigma Investments ✦ | 71.31K | +264.7% | $12.83M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 13 | T. Rowe Price ✦ | 38.01K | +5.7% | $6.84M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 14 | Arrowstreet Capital ✦ | 5.74K | New | $1.03M | 0.0% | New | 1 | SEC ↗ |
| 15 | D. E. Shaw & Co. ✦ | 4.95K | -0.8% | $891,292 | 0.0% | ▼ Trim | 4 | SEC ↗ ×2 |
| 16 | Marshall Wace ✦ | 2.30K | New | $413,345 | 0.0% | New | 1 | SEC ↗ ×2 |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| Arrowstreet Capital | $1.03M | 0.0% |
| Marshall Wace | $413,345 | 0.0% |
Exited
| Point72 Asset Management | $18.48M | was 0.1% |
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