HOULIHAN LOKEY INC

Ticker: HLI CUSIP: 441593100 Class: Common Stock

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q4 2025

Shares 2,200 Value ($000) $383 Avg Close $183.13 Range $169.41 - $204.73

Q3 2025

Shares 3,300 Value ($000) $678 Avg Close $195.01 Range $175.61 - $211.05

Q2 2025

Shares 5,600 Value ($000) $1,008 Avg Close $166.54 Range $136.63 - $184.21

Q1 2025

Shares 2,200 Value ($000) $355 Avg Close $169.69 Range $149.97 - $185.90

Q4 2022

Shares 30,600 Value ($000) $2,667 Avg Close $85.15 Range $70.45 - $96.78

Q3 2022

Shares 27,600 Value ($000) $2,080 Avg Close $76.26 Range $69.71 - $83.75

Q2 2022

Shares 10,600 Value ($000) $837 Avg Close $78.20 Range $71.63 - $84.16

Q1 2022

Shares 7,200 Value ($000) $632 Avg Close $95.83 Range $81.62 - $113.97

Q4 2021

Shares 10,600 Value ($000) $1,097 Avg Close $98.98 Range $85.64 - $110.99

Q3 2021

Shares 2,300 Value ($000) $212 Avg Close $80.88 Range $72.92 - $89.74

Q3 2019

Shares 51,700 Value ($000) $2,332 Avg Close $39.03 Range $36.77 - $41.78

Q2 2019

Shares 77,900 Value ($000) $3,469 Avg Close $40.91 Range $38.45 - $43.68

Q1 2019

Shares 59,400 Value ($000) $2,723 Avg Close $38.40 Range $31.48 - $41.12

Q4 2018

Shares 58,500 Value ($000) $2,153 Avg Close $35.25 Range $29.80 - $39.22

Q3 2018

Shares 69,463 Value ($000) $3,121 Avg Close $41.65 Range $38.56 - $45.65

Q2 2018

Shares 125,263 Value ($000) $6,416 Avg Close $40.89 Range $36.78 - $45.36

Q1 2018

Shares 103,963 Value ($000) $4,637 Avg Close $40.27 Range $36.88 - $44.87

Q4 2017

Shares 92,263 Value ($000) $4,192 Avg Close $36.25 Range $32.89 - $39.92

Q3 2017

Shares 233,724 Value ($000) $9,146 Avg Close $30.79 Range $28.94 - $33.37

Q2 2017

Shares 250,763 Value ($000) $8,752 Avg Close $28.45 Range $26.82 - $30.64

Q1 2017

Shares 251,863 Value ($000) $8,677 Avg Close $26.57 Range $24.52 - $29.22

Q4 2016

Shares 36,477 Value ($000) $1,135 Avg Close $22.45 Range $19.15 - $26.37

Q3 2016

Shares 30,401 Value ($000) $762 Avg Close $19.82 Range $17.19 - $21.32

Q2 2016

Shares 32,800 Value ($000) $734 Avg Close $19.66 Range $17.66 - $20.80

Q1 2016

Shares 33,900 Value ($000) $844 Avg Close $19.70 Range $18.01 - $21.12

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,200	$383	$183.13	$169.41 - $204.73
Q3 2025	3,300	$678	$195.01	$175.61 - $211.05
Q2 2025	5,600	$1,008	$166.54	$136.63 - $184.21
Q1 2025	2,200	$355	$169.69	$149.97 - $185.90
Q4 2022	30,600	$2,667	$85.15	$70.45 - $96.78
Q3 2022	27,600	$2,080	$76.26	$69.71 - $83.75
Q2 2022	10,600	$837	$78.20	$71.63 - $84.16
Q1 2022	7,200	$632	$95.83	$81.62 - $113.97
Q4 2021	10,600	$1,097	$98.98	$85.64 - $110.99
Q3 2021	2,300	$212	$80.88	$72.92 - $89.74
Q3 2019	51,700	$2,332	$39.03	$36.77 - $41.78
Q2 2019	77,900	$3,469	$40.91	$38.45 - $43.68
Q1 2019	59,400	$2,723	$38.40	$31.48 - $41.12
Q4 2018	58,500	$2,153	$35.25	$29.80 - $39.22
Q3 2018	69,463	$3,121	$41.65	$38.56 - $45.65
Q2 2018	125,263	$6,416	$40.89	$36.78 - $45.36
Q1 2018	103,963	$4,637	$40.27	$36.88 - $44.87
Q4 2017	92,263	$4,192	$36.25	$32.89 - $39.92
Q3 2017	233,724	$9,146	$30.79	$28.94 - $33.37
Q2 2017	250,763	$8,752	$28.45	$26.82 - $30.64
Q1 2017	251,863	$8,677	$26.57	$24.52 - $29.22
Q4 2016	36,477	$1,135	$22.45	$19.15 - $26.37
Q3 2016	30,401	$762	$19.82	$17.19 - $21.32
Q2 2016	32,800	$734	$19.66	$17.66 - $20.80
Q1 2016	33,900	$844	$19.70	$18.01 - $21.12