Houlihan Lokey
HLI
577 hedge funds and large institutions have $9.3B invested in Houlihan Lokey in 2025 Q4 according to their latest regulatory filings, with 105 funds opening new positions, 173 increasing their positions, 226 reducing their positions, and 74 closing their positions.
42% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 74
5% more funds holding
Funds holding: 552 → 577 (+25)
3% more call options, than puts
Call options by funds: $7.88M | Put options by funds: $7.68M
0.22% more ownership
Funds ownership: 99.65% → 99.88% (+0.22%)
15% less capital invested
Capital invested by funds: $10.9B → $9.3B (-$1.59B)
23% less repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 226
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$245M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$212M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$26.7M |
| 4 |
D.E. Shaw & Co
New York
|
+$26.6M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$21.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$64.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$56.8M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$49.5M |
| 4 |
BlackRock
New York
|
-$49.4M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$47.3M |
HLI Hedge Fund Activity: Q4 2025 in Review
577 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Houlihan Lokey (HLI) for Q4 2025, worth a combined $9.3B — down 15% from $10.9B a quarter earlier.
Buyers outnumbered sellers: 105 funds opened new HLI positions and 74 closed out — a net gain of 31 holders — while 173 added to existing stakes and 226 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $245M. The largest seller was Macquarie Group, exiting entirely with an estimated $64.1M sold.
- 577 institutional investors held Houlihan Lokey (HLI) as of Q4 2025, up from 552 in Q3 2025.
- Funds reported $9.3B of Houlihan Lokey stock for Q4 2025, down 15% quarter-over-quarter.
- 105 funds opened new Houlihan Lokey positions in Q4 2025 and 74 closed out, a net change of +31 holders.
- The largest Houlihan Lokey buyer in Q4 2025 was Royal Bank of Canada, an estimated $245M added.
- The largest Houlihan Lokey seller in Q4 2025 was Macquarie Group, an estimated $64.1M sold.
Based on aggregated 13F filings for Q4 2025.