HOULIHAN LOKEY INC

Ticker: HLI CUSIP: 441593100 Class: Common Stock

MERCER GLOBAL ADVISORS INC /ADV's Holding History (CIK: 0000853758)

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

Q4 2025

Shares 4,111 Value ($000) $716 Avg Close $183.13 Range $169.41 - $204.73

Q3 2025

Shares 4,576 Value ($000) $940 Avg Close $195.01 Range $175.61 - $211.05

Q2 2025

Shares 2,616 Value ($000) $471 Avg Close $166.54 Range $136.63 - $184.21

Q1 2025

Shares 2,599 Value ($000) $420 Avg Close $169.69 Range $149.97 - $185.90

Q4 2024

Shares 2,626 Value ($000) $456 Avg Close $173.44 Range $153.55 - $189.01

Q3 2024

Shares 4,441 Value ($000) $709 Avg Close $146.63 Range $130.86 - $160.22

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,111	$716	$183.13	$169.41 - $204.73
Q3 2025	4,576	$940	$195.01	$175.61 - $211.05
Q2 2025	2,616	$471	$166.54	$136.63 - $184.21
Q1 2025	2,599	$420	$169.69	$149.97 - $185.90
Q4 2024	2,626	$456	$173.44	$153.55 - $189.01
Q3 2024	4,441	$709	$146.63	$130.86 - $160.22