HOULIHAN LOKEY INC

Ticker: HLI CUSIP: 441593100 Class: Common Stock

TEACHER RETIREMENT SYSTEM OF TEXAS's Holding History (CIK: 0000796848)

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

Q4 2025

Shares 49,619 Value ($000) $8,643 Avg Close $183.13 Range $169.41 - $204.73

Q3 2025

Shares 43,541 Value ($000) $8,940 Avg Close $195.01 Range $175.61 - $211.05

Q2 2025

Shares 20,174 Value ($000) $3,630 Avg Close $166.54 Range $136.63 - $184.21

Q1 2025

Shares 20,458 Value ($000) $3,304 Avg Close $169.69 Range $149.97 - $185.90

Q4 2024

Shares 57,528 Value ($000) $10 Avg Close $173.44 Range $153.55 - $189.01

Q3 2024

Shares 44,502 Value ($000) $7 Avg Close $146.63 Range $130.86 - $160.22

Q2 2024

Shares 27,076 Value ($000) $4 Avg Close $127.95 Range $119.24 - $134.64

Q1 2024

Shares 22,693 Value ($000) $3 Avg Close $120.44 Range $109.03 - $130.06

Q4 2023

Shares 12,013 Value ($000) $1 Avg Close $105.04 Range $91.55 - $120.06

Q3 2023

Shares 12,253 Value ($000) $1 Avg Close $99.37 Range $90.56 - $107.28

Q2 2023

Shares 11,810 Value ($000) $1 Avg Close $86.66 Range $80.22 - $95.52

Q1 2023

Shares 11,575 Value ($000) $1 Avg Close $89.63 Range $81.10 - $96.49

Q4 2022

Shares 19,060 Value ($000) $2 Avg Close $85.15 Range $70.45 - $96.78

Q3 2022

Shares 14,141 Value ($000) $1,066 Avg Close $76.26 Range $69.71 - $83.75

Q2 2022

Shares 8,333 Value ($000) $658 Avg Close $78.20 Range $71.63 - $84.16

Q1 2022

Shares 10,442 Value ($000) $917 Avg Close $95.83 Range $81.62 - $113.97

Q4 2021

Shares 9,772 Value ($000) $1,012 Avg Close $98.98 Range $85.64 - $110.99

Q3 2021

Shares 8,299 Value ($000) $764 Avg Close $80.88 Range $72.92 - $89.74

Q2 2021

Shares 6,357 Value ($000) $520 Avg Close $66.47 Range $59.57 - $76.01

Q1 2021

Shares 5,352 Value ($000) $356 Avg Close $61.62 Range $57.76 - $66.76

Q4 2020

Shares 4,312 Value ($000) $290 Avg Close $58.88 Range $52.42 - $64.70

Q2 2018

Shares 6,759 Value ($000) $346 Avg Close $40.89 Range $36.78 - $45.36

Q1 2018

Shares 5,863 Value ($000) $261 Avg Close $40.27 Range $36.88 - $44.87

Q4 2017

Shares 8,994 Value ($000) $409 Avg Close $36.25 Range $32.89 - $39.92

Q2 2016

Shares 1,685 Value ($000) $38 Avg Close $19.66 Range $17.66 - $20.80

Q1 2016

Shares 1,473 Value ($000) $37 Avg Close $19.70 Range $18.01 - $21.12

Q4 2015

Shares 1,111 Value ($000) $29 Avg Close $18.39 Range $16.78 - $21.66

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	49,619	$8,643	$183.13	$169.41 - $204.73
Q3 2025	43,541	$8,940	$195.01	$175.61 - $211.05
Q2 2025	20,174	$3,630	$166.54	$136.63 - $184.21
Q1 2025	20,458	$3,304	$169.69	$149.97 - $185.90
Q4 2024	57,528	$10	$173.44	$153.55 - $189.01
Q3 2024	44,502	$7	$146.63	$130.86 - $160.22
Q2 2024	27,076	$4	$127.95	$119.24 - $134.64
Q1 2024	22,693	$3	$120.44	$109.03 - $130.06
Q4 2023	12,013	$1	$105.04	$91.55 - $120.06
Q3 2023	12,253	$1	$99.37	$90.56 - $107.28
Q2 2023	11,810	$1	$86.66	$80.22 - $95.52
Q1 2023	11,575	$1	$89.63	$81.10 - $96.49
Q4 2022	19,060	$2	$85.15	$70.45 - $96.78
Q3 2022	14,141	$1,066	$76.26	$69.71 - $83.75
Q2 2022	8,333	$658	$78.20	$71.63 - $84.16
Q1 2022	10,442	$917	$95.83	$81.62 - $113.97
Q4 2021	9,772	$1,012	$98.98	$85.64 - $110.99
Q3 2021	8,299	$764	$80.88	$72.92 - $89.74
Q2 2021	6,357	$520	$66.47	$59.57 - $76.01
Q1 2021	5,352	$356	$61.62	$57.76 - $66.76
Q4 2020	4,312	$290	$58.88	$52.42 - $64.70
Q2 2018	6,759	$346	$40.89	$36.78 - $45.36
Q1 2018	5,863	$261	$40.27	$36.88 - $44.87
Q4 2017	8,994	$409	$36.25	$32.89 - $39.92
Q2 2016	1,685	$38	$19.66	$17.66 - $20.80
Q1 2016	1,473	$37	$19.70	$18.01 - $21.12
Q4 2015	1,111	$29	$18.39	$16.78 - $21.66