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Houlihan Lokey
HLI

544 hedge funds and large institutions have $7.72B invested in Houlihan Lokey in 2026 Q1 according to their latest regulatory filings, with 73 funds opening new positions, 190 increasing their positions, 213 reducing their positions, and 96 closing their positions.

New
Increased
Maintained
Reduced
Closed

289% more call options, than puts

Call options by funds: $3.63M | Put options by funds: $934K

1.04% more ownership

Funds ownership: 99.9% → 100.93% (+1%)

6% less funds holding

Funds holding: 576 → 544 (-32)

11% less repeat investments, than reductions

Existing positions increased: 190 | Existing positions reduced: 213

17% less capital invested

Capital invested by funds: $9.3B → $7.72B (-$1.58B)

24% less first-time investments, than exits

New positions opened: 73 | Existing positions closed: 96

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
544
Holders Change
-32
Holders Change %
-5.56%
% of All Funds
6.69%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.02%
New
73
Increased
190
Reduced
213
Closed
96
Calls
$3.63M
Puts
$934K
Net Calls
+$2.7M
Net Calls Change
+$2.5M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$171M
2
Citadel Advisors
Citadel Advisors
Florida
+$69.3M
3
Capital Research Global Investors
Capital Research Global Investors
California
+$58M
4
Jones Financial Companies
Jones Financial Companies
Missouri
+$47.9M
5
CIP
Champlain Investment Partners
Vermont
+$42.5M

Top Sellers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$64.7M
2
First Trust Advisors
First Trust Advisors
Illinois
-$61.8M
3
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$59.1M
4
Invesco
Invesco
Georgia
-$47.1M
5
AllianceBernstein
AllianceBernstein
Tennessee
-$46.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$758M +$6.49M +39,479 +0.8%
VPM
2
Vanguard Portfolio Management
Pennsylvania
$399M +$457M +2,778,410 New
Kayne Anderson Rudnick Investment Management
3
Kayne Anderson Rudnick Investment Management
California
$379M -$21.5M -130,661 -5%
VCM
4
Vanguard Capital Management
Pennsylvania
$347M +$398M +2,419,332 New
EARNEST Partners
5
EARNEST Partners
Georgia
$320M -$10.3M -62,527 -3%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$252M +$7.92M +48,126 +3%
State Street
7
State Street
Massachusetts
$243M -$1.58M -9,599 -0.6%
Morgan Stanley
8
Morgan Stanley
New York
$229M +$171M +1,041,701 +189%
Wellington Management Group
9
Wellington Management Group
Massachusetts
$196M +$12.8M +77,597 +6%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$194M -$11.1M -67,340 -5%
Capital Research Global Investors
11
Capital Research Global Investors
California
$189M +$58M +352,411 +37%
Bank of Montreal
12
Bank of Montreal
Ontario, Canada
$165M -$8.2M -49,860 -4%
BAMCO Inc
13
BAMCO Inc
New York
$152M -$10.3M -62,548 -6%
Bank of America
14
Bank of America
North Carolina
$137M -$488K -2,968 -0.3%
Fidelity Investments
15
Fidelity Investments
Massachusetts
$123M -$44.3M -269,438 -24%
FMI
16
Fiduciary Management Inc
Wisconsin
$115M +$17.5M +106,279 +15%
CIP
17
Champlain Investment Partners
Vermont
$103M +$42.5M +258,624 +56%
Raymond James Financial
18
Raymond James Financial
Florida
$99.3M -$15.6M -94,774 -12%
SEI Investments
19
SEI Investments
Pennsylvania
$99M +$103K +626 +0.1%
ClearBridge Investments
20
ClearBridge Investments
New York
$89.8M +$9.27M +56,345 +10%
Goldman Sachs
21
Goldman Sachs
New York
$89.6M +$13M +78,854 +14%
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$88.5M +$13.4M +81,182 +15%
Neuberger Berman Group
23
Neuberger Berman Group
New York
$87.7M -$2.93M -17,835 -3%
Westfield Capital Management
24
Westfield Capital Management
Massachusetts
$78.1M +$3.88M +23,609 +5%
Northern Trust
25
Northern Trust
Illinois
$75.6M +$2.8M +17,011 +3%
1
2 3 4 5

HLI Hedge Fund Activity: Q1 2026 in Review

544 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Houlihan Lokey (HLI) for Q1 2026, worth a combined $7.72B — down 17% from $9.3B a quarter earlier.

Sellers outnumbered buyers: 96 funds closed out of HLI and 73 opened new positions — a net loss of 23 holders — while 213 trimmed existing stakes and 190 added.

The largest buyer was Morgan Stanley, adding an estimated $171M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $64.7M.

  • 544 institutional investors held Houlihan Lokey (HLI) as of Q1 2026, down from 576 in Q4 2025.
  • Funds reported $7.72B of Houlihan Lokey stock for Q1 2026, down 17% quarter-over-quarter.
  • 73 funds opened new Houlihan Lokey positions in Q1 2026 and 96 closed out, a net change of -23 holders.
  • The largest Houlihan Lokey buyer in Q1 2026 was Morgan Stanley, an estimated $171M added.
  • The largest Houlihan Lokey seller in Q1 2026 was T. Rowe Price Investment Management, an estimated $64.7M sold.

Based on aggregated 13F filings for Q1 2026.