Ranked by reported Q2 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. | 5.2M | $702.9M | -0.8% | 7.498% | 0.01% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.8M | $372.1M | -0.1% | 3.970% | 0.02% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 2.4M | $327.2M | +0.8% | 3.491% | 0.01% |
| 4 | KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 2.4M | $325.5M | -8.2% | 3.472% | 1.01% |
| 5 | EARNEST PARTNERS LLC | 2.2M | $291.4M | -2.5% | 3.109% | 1.05% |
| 6 | ROYAL BANK OF CANADA | 2.0M | $267.2M | +13.7% | 2.850% | 0.04% |
| 7 | STATE STREET CORP | 1.7M | $234.7M | +3.3% | 2.503% | 0.00% |
| 8 | MORGAN STANLEY | 1.7M | $226.7M | +6.2% | 2.419% | 0.01% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 1.4M | $185.7M | +2.4% | 1.980% | 0.01% |
| 10 | BANK OF MONTREAL /CAN/ | 1.3M | $174.5M | +13.1% | 1.861% | 0.06% |
| 11 | CITADEL ADVISORS LLC | 1.2M | $165.7M | +148.1% | 1.768% | 0.01% |
| 12 | Neuberger Berman Group LLC | 993K | $133.2M | +62.5% | 1.421% | 0.04% |
| 13 | FIDUCIARY MANAGEMENT INC /WI/ | 938K | $125.9M | +16.8% | 1.343% | 1.79% |
| 14 | WELLINGTON MANAGEMENT GROUP LLP | 930K | $124.7M | -31.7% | 1.330% | 0.02% |
| 15 | BANK OF AMERICA CORP /DE/ | 891K | $119.5M | -6.3% | 1.274% | 0.01% |
| 16 | BAMCO INC /NY/ | 870K | $116.6M | -18.1% | 1.244% | 0.18% |
| 17 | GOLDMAN SACHS GROUP INC | 825K | $110.7M | +32.3% | 1.181% | 0.01% |
| 18 | Qube Research & Technologies Ltd | 705K | $94.6M | +176.5% | 1.010% | 0.09% |
| 19 | DIMENSIONAL FUND ADVISORS LP | 693K | $92.9M | +12.4% | 0.992% | 0.02% |
| 20 | FMR LLC | 691K | $92.7M | -19.3% | 0.988% | 0.00% |
| 21 | NORGES BANK | 656K | $88.1M | — | 0.939% | 0.01% |
| 22 | SEI INVESTMENTS CO | 654K | $87.7M | -5.1% | 0.936% | 0.08% |
| 23 | Clearbridge Investments, LLC | 635K | $85.2M | +1.6% | 0.909% | 0.07% |
| 24 | LPL Financial LLC | 620K | $83.2M | +665.5% | 0.888% | 0.02% |
| 25 | Invesco Ltd. | 561K | $75.3M | +18.2% | 0.803% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in HLI — a direct measure of their conviction.
Filings activity in HLI during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 521 | 3.9% | 80.57% | +2.65 pp | $7.11B | 3.8% |
| Q1 2026 | 542 | 4.2% | 77.92% | +1.39 pp | $7.38B | 15% |
| Q4 2025 | 566 | +4.0% | 76.53% | +0.13 pp | $8.72B | 14% |
| Q3 2025 | 544 | 0.2% | 76.40% | 0.46 pp | $10.09B | +9.7% |
| Q2 2025 | 545 | +6.0% | 76.86% | +2.85 pp | $9.21B | +18% |
| Q1 2025 | 514 | +3.4% | 74.01% | 0.81 pp | $7.77B | 13% |
| Q4 2024 | 497 | +13% | 74.82% | +1.68 pp | $8.89B | +16% |
| Q3 2024 | 441 | — | 73.14% | — | $7.68B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying HLI stock.
Based on Q2 2026 13F filings, institutional ownership of Houlihan Lokey, Inc. stands at 80.6%, held across 521 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of HLI, with approximately 5,240,406 shares worth $0.70B as of Q2 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of HLI, including CITADEL ADVISORS LLC.
Our composite Smart Money Score for HLI is 52 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
47 institutions opened new positions in HLI during Q2 2026, while 74 fully exited. 118 added to existing positions and 336 trimmed.
HLI institutional ownership rose by 2.65 percentage points quarter-over-quarter, with a net change of -21 holders.
The top 10 institutions account for 43.7% of all reported 13F value in HLI, and the top 25 account for 66.2%.
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