Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in HLI held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 5.3M | $758.4M | +0.8% | 7.567% | 0.01% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.8M | $399.0M | β | 3.981% | 0.02% |
| 3 | KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 2.6M | $379.5M | -4.7% | 3.786% | 1.11% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 2.4M | $347.5M | β | 3.467% | 0.01% |
| 5 | EARNEST PARTNERS LLC | 2.2M | $320.1M | -2.7% | 3.194% | 1.32% |
| 6 | ROYAL BANK OF CANADA | 1.8M | $251.6M | +2.8% | 2.510% | 0.04% |
| 7 | STATE STREET CORP | 1.7M | $243.2M | -0.6% | 2.427% | 0.01% |
| 8 | MORGAN STANLEY | 1.6M | $228.6M | +189.3% | 2.281% | 0.01% |
| 9 | WELLINGTON MANAGEMENT GROUP LLP | 1.4M | $195.5M | +6.0% | 1.951% | 0.04% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 1.4M | $194.1M | -4.8% | 1.936% | 0.01% |
| 11 | Capital Research Global Investors | 1.3M | $188.8M | +36.6% | 1.884% | 0.03% |
| 12 | BANK OF MONTREAL /CAN/ | 1.1M | $165.1M | -4.2% | 1.647% | 0.06% |
| 13 | BAMCO INC /NY/ | 1.1M | $152.4M | -5.6% | 1.521% | 0.46% |
| 14 | BANK OF AMERICA CORP /DE/ | 951K | $136.6M | -0.3% | 1.363% | 0.01% |
| 15 | FMR LLC | 856K | $122.9M | -23.9% | 1.227% | 0.01% |
| 16 | FIDUCIARY MANAGEMENT INC /WI/ | 804K | $115.4M | +15.2% | 1.151% | 1.43% |
| 17 | Champlain Investment Partners, LLC | 718K | $103.1M | +56.3% | 1.028% | 1.31% |
| 18 | RAYMOND JAMES FINANCIAL INC | 702K | $99.3M | -11.9% | 1.005% | 0.03% |
| 19 | SEI INVESTMENTS CO | 690K | $99.0M | +0.1% | 0.988% | 0.09% |
| 20 | Clearbridge Investments, LLC | 625K | $89.8M | +9.9% | 0.896% | 0.08% |
| 21 | GOLDMAN SACHS GROUP INC | 624K | $89.6M | +14.5% | 0.894% | 0.01% |
| 22 | DIMENSIONAL FUND ADVISORS LP | 617K | $88.5M | +15.2% | 0.884% | 0.02% |
| 23 | Neuberger Berman Group LLC | 611K | $87.7M | -2.8% | 0.876% | 0.07% |
| 24 | WESTFIELD CAPITAL MANAGEMENT CO LP | 544K | $78.1M | +4.5% | 0.779% | 0.33% |
| 25 | NORTHERN TRUST CORP | 527K | $75.6M | +3.3% | 0.755% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in HLI β a direct measure of their conviction.
Filings activity in HLI during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new HLI position in Q1 2026
Institutions that fully closed their HLI position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 527 | 6.9% | 75.86% | 14.76 pp | $7.30B | 16% |
| Q4 2025 | 566 | +4.8% | 90.62% | 14.24 pp | $8.72B | 14% |
| Q3 2025 | 540 | 0.9% | 104.86% | +9.19 pp | $10.09B | +9.6% |
| Q2 2025 | 545 | +6.0% | 95.67% | +14.89 pp | $9.21B | +18% |
| Q1 2025 | 514 | +3.4% | 80.78% | 11.56 pp | $7.77B | 13% |
| Q4 2024 | 497 | +13% | 92.34% | +12.52 pp | $8.89B | +16% |
| Q3 2024 | 441 | +7.8% | 79.82% | +11.41 pp | $7.68B | +17% |
| Q2 2024 | 409 | β | 68.41% | β | $6.58B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying HLI stock.
Based on Q1 2026 13F filings, institutional ownership of Houlihan Lokey, Inc. stands at 75.9%, held across 527 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of HLI, with approximately 5,280,800 shares worth $0.76B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of HLI.
Our composite Smart Money Score for HLI is 16 out of 100 (Heavy Distribution). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
75 institutions opened new positions in HLI during Q1 2026, while 114 fully exited. 84 added to existing positions and 363 trimmed.
HLI institutional ownership fell by 14.76 percentage points quarter-over-quarter, with a net change of -39 holders.
The top 10 institutions account for 45.4% of all reported 13F value in HLI, and the top 25 account for 68.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Houlihan Lokey, Inc. (HLI) Institutional Ownership