HOULIHAN LOKEY INC

Ticker: HLI CUSIP: 441593100 Class: Common Stock

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (80)

THOMAS STORY & SON LLC
Value ($000) $5,988 Shares 34,375
ATWOOD & PALMER INC
Value ($000) $12,186 Shares 69,960
Campbell & CO Investment Adviser LLC
Value ($000) $8,797 Shares 50,502
AXA S.A.
Value ($000) $825 Shares 4,737
ArrowMark Colorado Holdings LLC
Value ($000) $15,085 Shares 86,601
Interval Partners, LP
Value ($000) $14,798 Shares 84,954
Oak Thistle LLC
Value ($000) $1,860 Shares 10,678
LECAP ASSET MANAGEMENT LTD
Value ($000) $702 Shares 4,030
AXQ CAPITAL, LP
Value ($000) $970 Shares 5,571
Scientech Research LLC
Value ($000) $483 Shares 2,771
MQS Management LLC
Value ($000) $381 Shares 2,185
FORA Capital, LLC
Value ($000) $1,089 Shares 6,250
AlphaCentric Advisors LLC
Value ($000) $150 Shares 863
XTX Topco Ltd
Value ($000) $3,157 Shares 18,126
TWINBEECH CAPITAL LP
Value ($000) $2,001 Shares 11,488
Dynamic Technology Lab Private Ltd
Value ($000) $571 Shares 3,280
Integrated Quantitative Investments LLC
Value ($000) $462 Shares 2,650
Impact Partnership Wealth, LLC
Value ($000) $685 Shares 3,930
Jain Global LLC
Value ($000) $13,317 Shares 76,453
Accredited Investors Inc.
Value ($000) $1,115 Shares 6,403

Increased Positions (148)

Montanaro Asset Management Ltd
Value ($000) $17,010 (-6.9%) Shares 97,650 (+9.7%)
Grandeur Peak Global Advisors, LLC
Value ($000) $7,205 (+153.6%) Shares 41,361 (+198.9%)
Pier Capital, LLC
Value ($000) $7,664 (+37.7%) Shares 44,000 (+62.3%)
Transamerica Financial Advisors, Inc.
Value ($000) $5,353 (+1078.5%) Shares 30,731 (+1288.7%)
Bell Asset Management Ltd
Value ($000) $3,997 (+1.5%) Shares 22,891 (+19.3%)
Dorsey Wright & Associates
Value ($000) $4,901 (-11.2%) Shares 28,123 (+4.7%)
New Age Alpha Advisors, LLC
Value ($000) $5,375 (+128.3%) Shares 30,856 (+169.1%)
WESTFIELD CAPITAL MANAGEMENT CO LP
Value ($000) $90,579 (+8.6%) Shares 520,002 (+28.0%)
J2 Capital Management Inc
Value ($000) $545 (+24.0%) Shares 3,126 (+46.2%)
BANK OF MONTREAL /CAN/
Value ($000) $208,934 (+2295.1%) Shares 1,199,459 (+2723.2%)
EVENTIDE ASSET MANAGEMENT, LLC
Value ($000) $40,878 (-9.6%) Shares 234,404 (+6.5%)
FENIMORE ASSET MANAGEMENT INC
Value ($000) $21,542 (-1.5%) Shares 123,672 (+16.2%)
Cinctive Capital Management LP
Value ($000) $3,174 (+81.5%) Shares 18,221 (+113.9%)
Walleye Capital LLC
Value ($000) $20,058 (+2212.7%) Shares 115,148 (+2626.0%)
Fiera Capital Corp
Value ($000) $61,416 (+12.5%) Shares 352,579 (+32.6%)
Hilton Capital Management, LLC
Value ($000) $4,036 (+6.0%) Shares 23,168 (+24.9%)
Ancora Advisors LLC
Value ($000) $48,819 (-14.1%) Shares 280,261 (+1.2%)
Stegent Equity Advisors, Inc.
Value ($000) $1,416 (-14.1%) Shares 8,131 (+1.3%)
ROYAL BANK OF CANADA
Value ($000) $296,706 (+292.0%) Shares 1,703,369 (+362.1%)
ExodusPoint Capital Management, LP
Value ($000) $9,411 (+173.6%) Shares 54,025 (+222.5%)

Decreased Positions (208)

Wealth High Governance Capital Ltda
Value ($000) $10,630 (-28.1%) Shares 61,026 (-15.2%)
Franklin, Parlapiano, Turner & Welch, LLC
Value ($000) $9,900 (-10.9%) Shares 52,129 (-3.7%)
EARNEST PARTNERS LLC
Value ($000) $399,158 (-19.7%) Shares 2,291,511 (-5.4%)
FIDUCIARY MANAGEMENT INC /WI/
Value ($000) $121,461 (-20.9%) Shares 697,293 (-6.8%)
WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC
Value ($000) $44,847 (-16.1%) Shares 257,463 (-1.1%)
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
Value ($000) $482,995 (-19.5%) Shares 2,772,807 (-5.1%)
CONGRESS ASSET MANAGEMENT CO /MA
Value ($000) $46,449 (-39.7%) Shares 266,656 (-28.9%)
Weil Company, Inc.
Value ($000) $3,749 (-21.6%) Shares 21,521 (-7.6%)
Champlain Investment Partners, LLC
Value ($000) $79,971 (-23.8%) Shares 459,100 (-10.2%)
ARGENT CAPITAL MANAGEMENT LLC
Value ($000) $41,125 (-17.1%) Shares 236,095 (-2.3%)
PDT Partners, LLC
Value ($000) $4,317 (-35.5%) Shares 24,781 (-24.0%)
Aster Capital Management (DIFC) Ltd
Value ($000) $167 (-66.7%) Shares 960 (-60.8%)
Gibbs Wealth Management
Value ($000) $1,593 (-25.3%) Shares 8,761 (-15.6%)
BW Gestao de Investimentos Ltda.
Value ($000) $6,789 (-31.1%) Shares 38,974 (-18.8%)
Horizon Investments, LLC
Value ($000) $197 (-96.6%) Shares 1,133 (-96.0%)
Quantum Portfolio Management LLC
Value ($000) $647 (-32.9%) Shares 3,712 (-20.9%)
RENAISSANCE TECHNOLOGIES LLC
Value ($000) $1,237 (-96.3%) Shares 7,100 (-95.6%)
CAXTON ASSOCIATES LLP
Value ($000) $498 (-85.0%) Shares 2,857 (-82.3%)
NATIXIS
Value ($000) $1,215 (-90.6%) Shares 6,973 (-88.9%)
T. Rowe Price Investment Management, Inc.
Value ($000) $46 (-71.8%) Shares 266,575 (-66.8%)

Exited Positions (74)

CHASE INVESTMENT COUNSEL CORP
Value ($000) $5 Shares 22,066
Triasima Portfolio Management inc.
Value ($000) $5,502 Shares 26,795
Longboard Asset Management, LP
Value ($000) $299 Shares 1,458
Prana Capital Management, LP
Value ($000) $12,637 Shares 61,549
Alamea Verwaltungs GmbH
Value ($000) $738 Shares 3,593
Atom Investors LP
Value ($000) $5,623 Shares 27,386
FJ Capital Management LLC
Value ($000) $2,435 Shares 11,860
nVerses Capital, LLC
Value ($000) $442 Shares 2,800
Wallace Advisory Group, LLC
Value ($000) $323 Shares 1,793
DARK FOREST CAPITAL MANAGEMENT LP
Value ($000) $3,954 Shares 19,258
MACQUARIE GROUP LTD
Value ($000) $64,115 Shares 312,267
Synergy Financial Group, LTD
Value ($000) $200 Shares 975
WOODWARD DIVERSIFIED CAPITAL, LLC
Value ($000) $226 Shares 1,100
Alliance Wealth Advisors, LLC /UT
Value ($000) $378 Shares 1,843
Empowered Funds, LLC
Value ($000) $4,974 Shares 24,224
Impact Capital Partners LLC
Value ($000) $247 Shares 1,203
Beirne Wealth Consulting Services, LLC
Value ($000) $268 Shares 1,305
Scissortail Wealth Management, LLC
Value ($000) $289 Shares 1,406
Virtus ETF Advisers LLC
Value ($000) $133 Shares 650
Entropy Technologies, LP
Value ($000) $833 Shares 4,055