First Quadrant’s Houlihan Lokey HLI Stock Holding History

First Quadrant’s Portfolio HLI Stock Details HLI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-763	Closed	-$34K	–	596
2019 Q3	$34K	Sell	763 -17,833	-96%	-$790K	﹤0.01%	545
2019 Q2	$828K	Sell	18,596 -7,058	-28%	-$330K	0.06%	332
2019 Q1	$1.18M	Sell	25,654 -18,685	-42%	-$824K	0.09%	234
2018 Q4	$1.63M	Sell	44,339 -3,846	-8%	-$157K	0.13%	166
2018 Q3	$2.17M	Sell	48,185 -2,209	-4%	-$107K	0.05%	294
2018 Q2	$2.58M	Buy	50,394 +40,958	+434%	+$1.96M	0.05%	298
2018 Q1	$421K	Hold	9,436	–	–	0.01%	509
2017 Q4	$429K	Sell	9,436 -2,681	-22%	-$115K	0.01%	563
2017 Q3	$474K	Buy	12,117 +465	+4%	+$17K	0.01%	560
2017 Q2	$407K	Buy	+11,652	New	+$396K	0.01%	574

Other funds holding HLI

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Kayne Anderson Rudnick Investment Management Los Angeles, California $32.2B AUM 10.98% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $495B AUM 43.24% 1-Year Est. Return

EARNEST Partners Atlanta, Georgia $27.7B AUM 52.44% 1-Year Est. Return

VBA

Van Berkom & Associates Montreal, Quebec, Canada $3.1B AUM 12.88% 1-Year Est. Return

Neuberger Berman Group New York $150B AUM 40.08% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

AllianceBernstein Nashville, Tennessee $302B AUM 26.44% 1-Year Est. Return

BAMCO Inc New York $66.6B AUM 7.35% 1-Year Est. Return

First Quadrant's HLI Position: Q4 2019 in Review

First Quadrant sold out of Houlihan Lokey (HLI) in Q4 2019, closing a stake of 763 shares — an estimated $34K sold.

First Quadrant first reported a position in HLI in Q2 2017 and held it in 10 quarters. The position peaked at $2.58M in Q2 2018. 187 funds tracked by Wall St. Rank hold HLI as of Q4 2019.

First Quadrant reported no remaining Houlihan Lokey position as of Q4 2019 after selling out during the quarter.
First Quadrant sold 763 Houlihan Lokey shares in Q4 2019, an estimated $34K.
First Quadrant first reported a position in Houlihan Lokey in Q2 2017 and held it in 10 quarters.
First Quadrant's Houlihan Lokey position peaked at $2.58M in Q2 2018.
187 funds tracked by Wall St. Rank held Houlihan Lokey as of Q4 2019.

Based on First Quadrant's 13F filing for Q4 2019, filed 28 Jan 2020.