HOULIHAN LOKEY INC

Ticker: HLI CUSIP: 441593100 Class: Common Stock

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

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

Q4 2025

Shares 18,829 Value ($000) $3,280 Avg Close $183.13 Range $169.41 - $204.73

Q3 2025

Shares 18,829 Value ($000) $3,866 Avg Close $195.01 Range $175.61 - $211.05

Q2 2025

Shares 19,100 Value ($000) $3,437 Avg Close $166.54 Range $136.63 - $184.21

Q1 2025

Shares 19,420 Value ($000) $3,136 Avg Close $169.69 Range $149.97 - $185.90

Q4 2024

Shares 19,420 Value ($000) $3,372 Avg Close $173.44 Range $153.55 - $189.01

Q3 2024

Shares 19,710 Value ($000) $3,115 Avg Close $146.63 Range $130.86 - $160.22

Q2 2024

Shares 19,720 Value ($000) $2,659 Avg Close $127.95 Range $119.24 - $134.64

Q1 2024

Shares 17,272 Value ($000) $1,511 Avg Close $120.44 Range $109.03 - $130.06

Q4 2023

Shares 19,860 Value ($000) $2,381 Avg Close $105.04 Range $91.55 - $120.06

Q3 2023

Shares 14,879 Value ($000) $1,594 Avg Close $99.37 Range $90.56 - $107.28

Q2 2023

Shares 22,113 Value ($000) $2,174 Avg Close $86.66 Range $80.22 - $95.52

Q1 2023

Shares 17,272 Value ($000) $1,511 Avg Close $89.63 Range $81.10 - $96.49

Q4 2022

Shares 16,872 Value ($000) $1,471 Avg Close $85.15 Range $70.45 - $96.78

Q3 2022

Shares 13,818 Value ($000) $1,042 Avg Close $76.26 Range $69.71 - $83.75

Q2 2022

Shares 13,818 Value ($000) $1,091 Avg Close $78.20 Range $71.63 - $84.16

Q1 2022

Shares 13,818 Value ($000) $1,213 Avg Close $95.83 Range $81.62 - $113.97

Q4 2021

Shares 13,818 Value ($000) $1,430 Avg Close $98.98 Range $85.64 - $110.99

Q3 2021

Shares 14,110 Value ($000) $1,300 Avg Close $80.88 Range $72.92 - $89.74

Q2 2021

Shares 13,155 Value ($000) $1,076 Avg Close $66.47 Range $59.57 - $76.01

Q1 2021

Shares 10,378 Value ($000) $690 Avg Close $61.62 Range $57.76 - $66.76

Q4 2020

Shares 10,378 Value ($000) $698 Avg Close $58.88 Range $52.42 - $64.70

Q3 2020

Shares 10,378 Value ($000) $613 Avg Close $51.77 Range $47.64 - $54.74

Q2 2020

Shares 10,378 Value ($000) $577 Avg Close $52.34 Range $44.63 - $58.16

Q4 2019

Shares 9,300 Value ($000) $454 Avg Close $41.89 Range $37.68 - $44.12

Q3 2019

Shares 10,217 Value ($000) $461 Avg Close $39.03 Range $36.77 - $41.78

Q2 2019

Shares 10,558 Value ($000) $470 Avg Close $40.91 Range $38.45 - $43.68

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	18,829	$3,280	$183.13	$169.41 - $204.73
Q3 2025	18,829	$3,866	$195.01	$175.61 - $211.05
Q2 2025	19,100	$3,437	$166.54	$136.63 - $184.21
Q1 2025	19,420	$3,136	$169.69	$149.97 - $185.90
Q4 2024	19,420	$3,372	$173.44	$153.55 - $189.01
Q3 2024	19,710	$3,115	$146.63	$130.86 - $160.22
Q2 2024	19,720	$2,659	$127.95	$119.24 - $134.64
Q1 2024	17,272	$1,511	$120.44	$109.03 - $130.06
Q4 2023	19,860	$2,381	$105.04	$91.55 - $120.06
Q3 2023	14,879	$1,594	$99.37	$90.56 - $107.28
Q2 2023	22,113	$2,174	$86.66	$80.22 - $95.52
Q1 2023	17,272	$1,511	$89.63	$81.10 - $96.49
Q4 2022	16,872	$1,471	$85.15	$70.45 - $96.78
Q3 2022	13,818	$1,042	$76.26	$69.71 - $83.75
Q2 2022	13,818	$1,091	$78.20	$71.63 - $84.16
Q1 2022	13,818	$1,213	$95.83	$81.62 - $113.97
Q4 2021	13,818	$1,430	$98.98	$85.64 - $110.99
Q3 2021	14,110	$1,300	$80.88	$72.92 - $89.74
Q2 2021	13,155	$1,076	$66.47	$59.57 - $76.01
Q1 2021	10,378	$690	$61.62	$57.76 - $66.76
Q4 2020	10,378	$698	$58.88	$52.42 - $64.70
Q3 2020	10,378	$613	$51.77	$47.64 - $54.74
Q2 2020	10,378	$577	$52.34	$44.63 - $58.16
Q4 2019	9,300	$454	$41.89	$37.68 - $44.12
Q3 2019	10,217	$461	$39.03	$36.77 - $41.78
Q2 2019	10,558	$470	$40.91	$38.45 - $43.68