Who owns Houlihan Lokey (HLI)
Which tracked institutional funds hold HLI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HLI company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
69 tracked funds added or opened HLI while 176 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
HLI’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes HLI more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in HLI divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 486 tracked filers holding HLI, 223 increased or opened the position and 298 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in HLI between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 14
- ARIEL INVESTMENTS, LLC$33M
- MUFG Securities EMEA plc$11M
- RENAISSANCE TECHNOLOGIES LLC$10M
- Prana Capital Management, LP$10M
- Leith Wheeler Investment Counsel Ltd.$8M
- DARK FOREST CAPITAL MANAGEMENT LP$5M
Full exits 53
- Van Berkom & Associates Inc.$58M
- NOMURA ASSET MANAGEMENT INTERNATIONAL INC.$54M
- GW&K Investment Management, LLC$51M
- Thrivent Financial for Lutherans$50M
- NATIXIS ADVISORS, LLC$50M
- Handelsbanken Fonder AB$37M
Largest adds
- CITADEL ADVISORS LLC$96M
- LPL Financial LLC$72M
- Qube Research & Technologies Ltd$58M
- NORDEA INVESTMENT MANAGEMENT AB$51M
- NEUBERGER BERMAN GROUP LLC$45M
- Capital International Investors$38M
Largest trims
- Capital Research Global Investors$118M
- Champlain Investment Partners, LLC$75M
- WELLINGTON MANAGEMENT GROUP LLP$71M
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC$54M
- RAYMOND JAMES FINANCIAL INC$43M
- BAMCO INC /NY/$36M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 5,240,406 | $703M | 10.5% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 2,774,115 | $372M | 5.6% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 2,439,724 | $327M | 4.9% | 2026-Q2 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC trimmed | 2,426,619 | $325M | 4.9% | 2026-Q2 |
| EARNEST PARTNERS LLC trimmed | 2,172,720 | $291M | 4.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,992,096 | $267M | 4.0% | 2026-Q2 |
| STATE STREET CORP added | 1,749,472 | $235M | 3.5% | 2026-Q2 |
| MORGAN STANLEY added | 1,690,245 | $227M | 3.4% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,383,912 | $186M | 2.8% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 1,300,687 | $174M | 2.6% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,227,541 | $165M | 2.5% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 992,787 | $133M | 2.0% | 2026-Q2 |
| FIDUCIARY MANAGEMENT INC /WI/ added | 938,411 | $126M | 1.9% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 929,760 | $125M | 1.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 890,616 | $119M | 1.8% | 2026-Q2 |
| BAMCO INC /NY/ trimmed | 869,544 | $117M | 1.7% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 825,406 | $111M | 1.7% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 705,487 | $95M | 1.4% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 692,896 | $93M | 1.4% | 2026-Q2 |
| FMR LLC trimmed | 690,813 | $93M | 1.4% | 2026-Q2 |
| NORGES BANK trimmed | 656,486 | $88M | 1.3% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 654,087 | $88M | 1.3% | 2026-Q2 |
| Clearbridge Investments, LLC added | 635,294 | $85M | 1.3% | 2026-Q2 |
| LPL Financial LLC added | 620,282 | $83M | 1.2% | 2026-Q2 |
| Invesco Ltd. added | 561,266 | $75M | 1.1% | 2026-Q2 |
| Capital Research Global Investors trimmed | 526,868 | $71M | 1.1% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 521,880 | $70M | 1.0% | 2026-Q2 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. added | 514,374 | $69M | 1.0% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 486,239 | $65M | 1.0% | 2026-Q2 |
| WESTFIELD CAPITAL MANAGEMENT CO LP trimmed | 463,415 | $62M | 0.9% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 458,942 | $62M | 0.9% | 2026-Q2 |
| NORDEA INVESTMENT MANAGEMENT AB added | 430,600 | $58M | 0.9% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 417,511 | $56M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 406,981 | $55M | 0.8% | 2026-Q2 |
| Capital International Investors added | 406,531 | $55M | 0.8% | 2026-Q2 |
| JENNISON ASSOCIATES LLC trimmed | 382,195 | $51M | 0.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 375,874 | $50M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 343,231 | $46M | 0.7% | 2026-Q2 |
| UBS Group AG trimmed | 321,436 | $43M | 0.6% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 314,566 | $42M | 0.6% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 290,765 | $39M | 0.6% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP trimmed | 290,735 | $40M | 0.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 288,794 | $39M | 0.6% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 263,803 | $35M | 0.5% | 2026-Q2 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 263,456 | $35M | 0.5% | 2026-Q2 |
| WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC added | 261,511 | $35M | 0.5% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 259,909 | $35M | 0.5% | 2026-Q2 |
| ARIEL INVESTMENTS, LLC new | 244,520 | $33M | 0.5% | 2026-Q2 |
| EVENTIDE ASSET MANAGEMENT, LLC added | 239,140 | $32M | 0.5% | 2026-Q2 |
| Ancora Advisors LLC trimmed | 214,346 | $29M | 0.4% | 2026-Q2 |
| Champlain Investment Partners, LLC trimmed | 209,983 | $28M | 0.4% | 2026-Q2 |
| Fiera Capital Corp trimmed | 206,982 | $28M | 0.4% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 206,485 | $28M | 0.4% | 2026-Q2 |
| BARLOW WEALTH PARTNERS, LLC added | 205,696 | $28M | 0.4% | 2026-Q2 |
| BARCLAYS PLC added | 200,535 | $27M | 0.4% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 187,563 | $25M | 0.4% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 186,627 | $25M | 0.4% | 2026-Q2 |
| Grandeur Peak Global Advisors, LLC added | 184,902 | $37M | 0.5% | 2026-Q2 |
| Alyeska Investment Group, L.P. added | 171,137 | $23M | 0.3% | 2026-Q2 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 169,929 | $23M | 0.3% | 2026-Q2 |
| Fenimore Asset Management Inc added | 167,898 | $23M | 0.3% | 2026-Q2 |
| SEGALL BRYANT & HAMILL, LLC added | 167,184 | $22M | 0.3% | 2026-Q2 |
| ARGENT CAPITAL MANAGEMENT LLC trimmed | 164,129 | $22M | 0.3% | 2026-Q2 |
| Nuveen, LLC added | 163,937 | $22M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 152,433 | $20M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 148,128 | $20M | 0.3% | 2026-Q2 |
| Caisse de depot et placement du Quebec trimmed | 132,289 | $18M | 0.3% | 2026-Q2 |
| Assenagon Asset Management S.A. added | 126,476 | $17M | 0.3% | 2026-Q2 |
| Walleye Capital LLC added | 125,338 | $17M | 0.3% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 123,130 | $17M | 0.2% | 2026-Q2 |
| GHP Investment Advisors, Inc. added | 119,657 | $16M | 0.2% | 2026-Q2 |
| BROWN ADVISORY INC trimmed | 118,776 | $16M | 0.2% | 2026-Q2 |
| FLPUTNAM INVESTMENT MANAGEMENT CO trimmed | 109,973 | $15M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 109,336 | $15M | 0.2% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 96,879 | $13M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 94,646 | $13M | 0.2% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 92,125 | $12M | 0.2% | 2026-Q2 |
| ALPS ADVISORS INC added | 91,702 | $12M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 87,413 | $12M | 0.2% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 85,383 | $11M | 0.2% | 2026-Q2 |
| Montanaro Asset Management Ltd trimmed | 82,934 | $11M | 0.2% | 2026-Q2 |
| ExodusPoint Capital Management, LP trimmed | 80,822 | $11M | 0.2% | 2026-Q2 |
| MUFG Securities EMEA plc new | 79,700 | $11M | 0.2% | 2026-Q2 |
| Squarepoint Ops LLC added | 78,512 | $11M | 0.2% | 2026-Q2 |
| WHITTIER TRUST CO trimmed | 77,994 | $11M | 0.2% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 76,000 | $10M | 0.2% | 2026-Q2 |
| Legal & General Group Plc trimmed | 73,667 | $10M | 0.1% | 2026-Q2 |
| Prana Capital Management, LP added | 71,882 | $10M | 0.1% | 2026-Q2 |
| Jain Global LLC trimmed | 71,415 | $10M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 69,903 | $10M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 69,161 | $9M | 0.1% | 2026-Q2 |
| Crawford Fund Management, LLC added | 68,431 | $9M | 0.1% | 2026-Q2 |
| Interval Partners, LP trimmed | 67,227 | $9M | 0.1% | 2026-Q2 |
| Aptus Capital Advisors, LLC added | 66,982 | $9M | 0.1% | 2026-Q2 |
| Boston Partners added | 64,924 | $9M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 63,069 | $8M | 0.1% | 2026-Q2 |
| Leith Wheeler Investment Counsel Ltd. new | 61,888 | $8M | 0.1% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 61,352 | $8M | 0.1% | 2026-Q2 |
| Retirement Systems of Alabama trimmed | 56,078 | $8M | 0.1% | 2026-Q2 |
| CITIGROUP INC trimmed | 54,058 | $7M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.