HOULIHAN LOKEY INC

Ticker: HLI CUSIP: 441593100 Class: Common Stock

FIDUCIARY MANAGEMENT INC /WI/'s Holding History (CIK: 0000764532)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 697,293 Value ($000) $121,461 Avg Close $183.13 Range $169.41 - $204.73

Q3 2025

Shares 747,832 Value ($000) $153,545 Avg Close $195.01 Range $175.61 - $211.05

Q2 2025

Shares 751,325 Value ($000) $135,201 Avg Close $166.54 Range $136.63 - $184.21

Q1 2025

Shares 754,941 Value ($000) $121,923 Avg Close $169.69 Range $149.97 - $185.90

Q4 2024

Shares 1,209,230 Value ($000) $209,995 Avg Close $173.44 Range $153.55 - $189.01

Q3 2024

Shares 1,213,716 Value ($000) $191,791 Avg Close $146.63 Range $130.86 - $160.22

Q2 2024

Shares 1,216,179 Value ($000) $164,014 Avg Close $127.95 Range $119.24 - $134.64

Q1 2024

Shares 1,204,741 Value ($000) $154,436 Avg Close $120.44 Range $109.03 - $130.06

Q4 2023

Shares 1,195,597 Value ($000) $143,364 Avg Close $105.04 Range $91.55 - $120.06

Q3 2023

Shares 1,155,892 Value ($000) $123,819 Avg Close $99.37 Range $90.56 - $107.28

Q2 2023

Shares 1,140,679 Value ($000) $112,140 Avg Close $86.66 Range $80.22 - $95.52

Q1 2023

Shares 1,086,880 Value ($000) $95,091 Avg Close $89.63 Range $81.10 - $96.49

Q4 2022

Shares 1,114,131 Value ($000) $97,108 Avg Close $85.15 Range $70.45 - $96.78

Q3 2022

Shares 978,848 Value ($000) $73,786 Avg Close $76.26 Range $69.71 - $83.75

Q2 2022

Shares 986,665 Value ($000) $77,877 Avg Close $78.20 Range $71.63 - $84.16

Q1 2022

Shares 991,164 Value ($000) $87,024 Avg Close $95.83 Range $81.62 - $113.97

Q4 2021

Shares 1,145,413 Value ($000) $118,573 Avg Close $98.98 Range $85.64 - $110.99

Q3 2021

Shares 1,600,578 Value ($000) $147,413 Avg Close $80.88 Range $72.92 - $89.74

Q2 2021

Shares 1,580,505 Value ($000) $129,270 Avg Close $66.47 Range $59.57 - $76.01

Q1 2021

Shares 1,287,511 Value ($000) $85,632 Avg Close $61.62 Range $57.76 - $66.76

Q4 2020

Shares 1,446,176 Value ($000) $97,226 Avg Close $58.88 Range $52.42 - $64.70

Q3 2020

Shares 1,368,439 Value ($000) $80,806 Avg Close $51.77 Range $47.64 - $54.74

Q2 2020

Shares 1,061,331 Value ($000) $59,052 Avg Close $52.34 Range $44.63 - $58.16

Q1 2020

Shares 1,087,543 Value ($000) $56,683 Avg Close $46.30 Range $38.44 - $52.93

Q4 2019

Shares 630,291 Value ($000) $30,802 Avg Close $41.89 Range $37.68 - $44.12

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	697,293	$121,461	$183.13	$169.41 - $204.73
Q3 2025	747,832	$153,545	$195.01	$175.61 - $211.05
Q2 2025	751,325	$135,201	$166.54	$136.63 - $184.21
Q1 2025	754,941	$121,923	$169.69	$149.97 - $185.90
Q4 2024	1,209,230	$209,995	$173.44	$153.55 - $189.01
Q3 2024	1,213,716	$191,791	$146.63	$130.86 - $160.22
Q2 2024	1,216,179	$164,014	$127.95	$119.24 - $134.64
Q1 2024	1,204,741	$154,436	$120.44	$109.03 - $130.06
Q4 2023	1,195,597	$143,364	$105.04	$91.55 - $120.06
Q3 2023	1,155,892	$123,819	$99.37	$90.56 - $107.28
Q2 2023	1,140,679	$112,140	$86.66	$80.22 - $95.52
Q1 2023	1,086,880	$95,091	$89.63	$81.10 - $96.49
Q4 2022	1,114,131	$97,108	$85.15	$70.45 - $96.78
Q3 2022	978,848	$73,786	$76.26	$69.71 - $83.75
Q2 2022	986,665	$77,877	$78.20	$71.63 - $84.16
Q1 2022	991,164	$87,024	$95.83	$81.62 - $113.97
Q4 2021	1,145,413	$118,573	$98.98	$85.64 - $110.99
Q3 2021	1,600,578	$147,413	$80.88	$72.92 - $89.74
Q2 2021	1,580,505	$129,270	$66.47	$59.57 - $76.01
Q1 2021	1,287,511	$85,632	$61.62	$57.76 - $66.76
Q4 2020	1,446,176	$97,226	$58.88	$52.42 - $64.70
Q3 2020	1,368,439	$80,806	$51.77	$47.64 - $54.74
Q2 2020	1,061,331	$59,052	$52.34	$44.63 - $58.16
Q1 2020	1,087,543	$56,683	$46.30	$38.44 - $52.93
Q4 2019	630,291	$30,802	$41.89	$37.68 - $44.12