HLINYSEInvestment AdviceFiscal year ends March 31
HOULIHAN LOKEY, INC.
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$127.07−2.48 (-1.91%)
Close on Oct 19, 2026
- Market cap
- $8.59B
- P/E (TTM)
- 21.3
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
80.7%
56M of 70M shares
Institutional holders
517
54 new, 76 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
1 buys · 5 sales
Net sold $1.59M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 4,803,603 | 8.90% | 13G (passive) amendment | Mar 31, 2025 |
| Vanguard Capital Management | 2,835,705 | 5.20% | 13G (passive) | Mar 31, 2026 |
| Vanguard Portfolio Management | 2,787,887 | 5.12% | 13G (passive) | Mar 31, 2026 |
| Scott L Beiser | 16,212,105 | 22.90% | 13D (active) amendment | Aug 26, 2025 |
| A&R Voting Trust | 15,799,172 | 22.50% | 13D (active) amendment | Dec 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HLI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 5,240,406 | 7.50% | $702.90M | −40,394 | 0.01% |
| Vanguard Portfolio Management LLC | 2,774,115 | 3.97% | $372.09M | −4,295 | 0.02% |
| Vanguard Capital Management LLC | 2,439,724 | 3.49% | $327.24M | +20,392 | 0.01% |
| Kayne Anderson Rudnick Investment Management LLC | 2,426,619 | 3.47% | $325.48M | −215,527 | 1.01% |
| Earnest Partners LLC | 2,172,720 | 3.11% | $291.43M | −56,264 | 1.05% |
| Royal Bank of Canada | 1,992,096 | 2.85% | $267.20M | +240,601 | 0.04% |
| State Street Corp | 1,749,472 | 2.50% | $234.65M | +55,776 | 0.01% |
| Morgan Stanley | 1,690,245 | 2.42% | $226.71M | +98,236 | 0.01% |
| Geode Capital Management, LLC | 1,383,912 | 1.98% | $185.66M | +32,703 | 0.01% |
| Bank Of Montreal /Can/ | 1,300,687 | 1.86% | $174.46M | +151,088 | 0.06% |
| Citadel Advisors LLC | 1,227,541 | 1.76% | $164.65M | +739,389 | 0.02% |
| Mayflower Financial Advisors, LLC | 1,122,126 | 1.61% | $1.19M | – | 0.10% |
| Neuberger Berman Group LLC | 992,787 | 1.42% | $133.16M | +381,844 | 0.09% |
| Fiduciary Management Inc /Wi/ | 938,411 | 1.34% | $125.87M | +134,839 | 1.79% |
| Wellington Management Group Llp | 929,760 | 1.33% | $124.71M | −431,650 | 0.02% |
| Bank Of America Corp /De/ | 890,616 | 1.27% | $119.46M | −60,256 | 0.01% |
| Bamco Inc /Ny/ | 869,544 | 1.24% | $116.63M | −191,859 | 0.18% |
| Goldman Sachs Group Inc | 825,406 | 1.18% | $110.71M | +201,690 | 0.01% |
| Qube Research & Technologies Ltd | 705,487 | 1.01% | $94.63M | +450,323 | 0.09% |
| Dimensional Fund Advisors LP | 692,896 | 0.99% | $92.94M | +76,377 | 0.02% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 517 | 56M | 80.7% | 54 / 176 | 205 / 76 | 8M | 6M |
| Q1 2026 | 547 | 55M | 79.1% | 74 / 191 | 213 / 98 | 12M | 6M |
| Q4 2025 | 578 | 55M | 78.4% | 106 / 175 | 224 / 73 | 6M | 5M |
| Q3 2025 | 552 | 54M | 77.8% | 74 / 189 | 204 / 64 | 4M | 5M |
| Q2 2025 | 549 | 55M | 79.2% | 80 / 190 | 210 / 52 | 4M | 2M |
| Q1 2025 | 525 | 53M | 76.3% | 78 / 202 | 171 / 53 | 4M | 4M |
| Q4 2024 | 506 | 53M | 76.5% | 102 / 174 | 166 / 41 | 4M | 3M |
| Q3 2024 | 452 | 53M | 75.7% | 73 / 157 | 156 / 33 | 7M | 3M |
| Q2 2024 | 416 | 53M | 76.5% | 56 / 136 | 159 / 37 | 2M | 4M |
| Q1 2024 | 399 | 55M | 78.3% | 55 / 135 | 156 / 44 | 3M | 3M |
| Q4 2023 | 392 | 55M | 78.4% | 87 / 127 | 129 / 26 | 8M | 3M |
| Q3 2023 | 337 | 50M | 71.9% | 52 / 130 | 100 / 40 | 4M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of HLI | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 1,855,525 | 2.66% | $248.88M | 0.20% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,720,701 | 2.46% | $230.80M | 0.01% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,245,098 | 1.78% | $167.00M | 0.09% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 907,943 | 1.30% | $121.78M | 0.13% | Jun 30, 2026 |
| Vanguard Explorer Fund | 857,448 | 1.23% | $107.60M | 0.49% | Jul 31, 2026 |
| Eaton Vance Atlanta Capital SMID-Cap Fund | 750,554 | 1.07% | $100.67M | 1.15% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 719,202 | 1.03% | $96.47M | 0.21% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 621,673 | 0.89% | $83.38M | 0.09% | Jun 30, 2026 |
| Virtus KAR Mid-Cap Core Fund | 515,362 | 0.74% | $69.13M | 3.93% | Jun 30, 2026 |
| Neuberger Genesis Fund | 480,714 | 0.69% | $68.10M | 0.93% | May 31, 2026 |
| FMI Common Stock Fund | 460,000 | 0.66% | $61.70M | 3.25% | Jun 30, 2026 |
| Baron Small Cap Fund | 450,000 | 0.64% | $60.36M | 2.12% | Jun 30, 2026 |
| Invesco S&P MidCap Quality ETF | 366,649 | 0.52% | $46.01M | 0.85% | Jul 31, 2026 |
| Column Mid Cap Select Fund | 359,792 | 0.51% | $50.97M | 1.66% | May 31, 2026 |
| Harbor Small Cap Value Fund | 351,758 | 0.50% | $44.14M | 1.76% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Scott Joseph Adelson | CEO, Director | 899,054 | 1.29% | May 22, 2026 |
| Scott L. Beiser | CO-CHAIRMAN, Director, 10% owner | 793,916 | 1.14% | May 21, 2026 |
| Irwin Gold | CO-CHAIRMAN, Director, 10% owner | 1,066,766 | 1.53% | May 19, 2026 |
| Prabha S. Bhandari | See Remarks | – | – | Sep 25, 2026 |
| Christopher M. Crain | GENERAL COUNSEL | 52,328 | 0.07% | Sep 10, 2026 |
| J. Lindsey Alley | Chief Financial Officer | 170,562 | 0.24% | Aug 5, 2026 |
| Paul Eric Siegert | CO-CHAIRMAN | 414,928 | 0.59% | May 22, 2026 |
| Ronald Scott Mund | Director | 969 | 0.00% | May 21, 2026 |
| Robert A. Schriesheim | Director | 29,111 | 0.04% | May 21, 2026 |
| Paul Andrew Zuber | Director | 8,986 | 0.01% | May 21, 2026 |
| Gillian Beth Zucker | Director | 6,529 | 0.01% | May 21, 2026 |
| Cyrus D. Walker | Director | 7,111 | 0.01% | May 21, 2026 |
| Ekpedeme M. Bassey | Director | 6,424 | 0.01% | May 21, 2026 |
| Todd J. Carter | Director | 78,843 | 0.11% | May 19, 2026 |
| Jacqueline B. Kosecoff | Director | 15,316 | 0.02% | May 23, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Christopher M. Crain GENERAL COUNSEL | Sep 10, 2026 | Conversion | +1,000 | – | – | 1,000 |
| Christopher M. Crain GENERAL COUNSEL | Sep 10, 2026 | Sale | −1,000 | $140.15 | $140.15K | 0 |
| J. Lindsey Alley Chief Financial Officer | Aug 3, 2026 | Buy | +4,020 | $124.52 | $500.57K | 4,020 |
| Ekpedeme M. Bassey Director | May 21, 2026 | Award | +797 | – | – | 6,424 |
| Robert A. Schriesheim Director | May 21, 2026 | Award | +1,129 | – | – | 29,111 |
| Paul Andrew Zuber Director | May 21, 2026 | Award | +797 | – | – | 7,005 |
| Ronald Scott Mund Director | May 21, 2026 | Award | +476 | – | – | 969 |
| Scott L. Beiser CO-CHAIRMAN, Director, 10% owner | May 21, 2026 | Conversion | +6,265 | – | – | 6,265 |
| Scott L. Beiser CO-CHAIRMAN, Director, 10% owner | May 21, 2026 | Sale | −6,265 | $150.26 | $941.38K | 0 |
| Gillian Beth Zucker Director | May 21, 2026 | Award | +996 | – | – | 6,529 |
| Cyrus D. Walker Director | May 21, 2026 | Award | +996 | – | – | 7,111 |
| Christopher M. Crain GENERAL COUNSEL | Apr 1, 2026 | Sale(10b5-1 plan) | −500 | $143.40 | $71.70K | 0 |
| Christopher M. Crain GENERAL COUNSEL | Apr 1, 2026 | Conversion | +500 | – | – | 500 |
| Robert A. Schriesheim Director | Feb 6, 2026 | Sale | −5,000 | $170.86 | $854.30K | 27,982 |
| Christopher M. Crain GENERAL COUNSEL | Jan 2, 2026 | Conversion | +500 | – | – | 500 |
| Christopher M. Crain GENERAL COUNSEL | Jan 2, 2026 | Sale(10b5-1 plan) | −500 | $174.17 | $87.09K | 0 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Dec 5, 2025 | Conversion | +5,000 | – | – | 5,000 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Dec 5, 2025 | Gift | −5,000 | – | – | 0 |
| Christopher M. Crain GENERAL COUNSEL | Nov 26, 2025 | Conversion | +1,200 | – | – | 1,200 |
| Christopher M. Crain GENERAL COUNSEL | Nov 26, 2025 | Gift | −1,200 | – | – | 0 |
| Scott L. Beiser CO-CHAIRMAN, Director, 10% owner | Nov 10, 2025 | Gift | −8,000 | – | – | 0 |
| Scott L. Beiser CO-CHAIRMAN, Director, 10% owner | Nov 10, 2025 | Conversion | +8,000 | – | – | 8,000 |
| Ronald Scott Mund Director | Oct 1, 2025 | Award | +483 | – | – | 483 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Sep 16, 2025 | Sale | −6,811 | $202.75 | $1.38M | 0 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Sep 16, 2025 | Conversion | +6,811 | – | – | 6,811 |
| Christopher M. Crain GENERAL COUNSEL | Sep 2, 2025 | Sale(10b5-1 plan) | −500 | $196.22 | $98.11K | 0 |
| Christopher M. Crain GENERAL COUNSEL | Sep 2, 2025 | Conversion | +500 | – | – | 500 |
| Paul Eric Siegert CO-CHAIRMAN | Aug 27, 2025 | Sale | −40,000 | $199.95 | $8.00M | 0 |
| Paul Eric Siegert CO-CHAIRMAN | Aug 27, 2025 | Conversion | +40,000 | – | – | 40,000 |
| Gillian Beth Zucker Director | Jul 14, 2025 | Sale(10b5-1 plan) | −200 | $191.65 | $38.33K | 5,533 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Jun 30, 2025 | Conversion | +5,000 | – | – | 5,000 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Jun 30, 2025 | Sale | −5,000 | $182.81 | $914.05K | 0 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Jun 26, 2025 | Gift | −5,000 | – | – | 0 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Jun 24, 2025 | Conversion | +5,000 | – | – | 5,000 |
| Gillian Beth Zucker Director | Jun 13, 2025 | Sale(10b5-1 plan) | −200 | $174.37 | $34.87K | 5,733 |
| Christopher M. Crain GENERAL COUNSEL | Jun 2, 2025 | Conversion | +500 | – | – | 500 |
| Christopher M. Crain GENERAL COUNSEL | Jun 2, 2025 | Sale(10b5-1 plan) | −500 | $173.02 | $86.51K | 0 |
| Jacqueline B. Kosecoff Director | May 22, 2025 | Award | +563 | – | – | 15,316 |
| Cyrus D. Walker Director | May 22, 2025 | Award | +732 | – | – | 6,115 |
| Robert A. Schriesheim Director | May 22, 2025 | Award | +845 | – | – | 32,982 |
| Ekpedeme M. Bassey Director | May 22, 2025 | Award | +563 | – | – | 5,627 |
| Paul Andrew Zuber Director | May 22, 2025 | Award | +563 | – | – | 6,208 |
| Gillian Beth Zucker Director | May 22, 2025 | Award | +732 | – | – | 5,933 |
| Scott L. Beiser CO-CHAIRMAN, Director, 10% owner | May 19, 2025 | Sale | −8,008 | $178.71 | $1.43M | 0 |
| Scott L. Beiser CO-CHAIRMAN, Director, 10% owner | May 19, 2025 | Conversion | +8,008 | – | – | 8,008 |
| Scott L. Beiser CO-CHAIRMAN, Director, 10% owner | May 19, 2025 | Conversion | +15,000 | – | – | 15,000 |
| Scott L. Beiser CO-CHAIRMAN, Director, 10% owner | May 19, 2025 | Gift | −15,000 | – | – | 0 |
| Gillian Beth Zucker Director | May 13, 2025 | Sale(10b5-1 plan) | −200 | $178.46 | $35.69K | 5,201 |
| Gillian Beth Zucker Director | Apr 14, 2025 | Sale(10b5-1 plan) | −200 | $154.41 | $30.88K | 5,401 |
| Gillian Beth Zucker Director | Mar 13, 2025 | Sale(10b5-1 plan) | −200 | $158.27 | $31.65K | 5,601 |
| Gillian Beth Zucker Director | Feb 13, 2025 | Sale(10b5-1 plan) | −200 | $178.97 | $35.79K | 5,801 |
| Gillian Beth Zucker Director | Jan 13, 2025 | Sale(10b5-1 plan) | −200 | $165.63 | $33.13K | 6,001 |
| Gillian Beth Zucker Director | Dec 13, 2024 | Sale(10b5-1 plan) | −200 | $180.57 | $36.11K | 6,201 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Nov 25, 2024 | Conversion | +5,000 | – | – | 5,000 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Nov 25, 2024 | Gift | −5,000 | – | – | 0 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Nov 25, 2024 | Conversion | +10,000 | – | – | 10,000 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Nov 25, 2024 | Conversion | +5,000 | – | – | 5,000 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Nov 25, 2024 | Sale | −5,000 | $190.50 | $952.50K | 0 |
| Irwin Gold CO-CHAIRMAN, Director, 10% owner | Nov 25, 2024 | Gift | −10,000 | – | – | 0 |
| Gillian Beth Zucker Director | Nov 13, 2024 | Sale(10b5-1 plan) | −200 | $187.46 | $37.49K | 6,401 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Madison Crain Christopher Officer | Sep 10, 2026 | 1,000 | $140.15K | Sep 10, 2026 | Restricted Stock Vesting Under a Registered Plan |
| Beiser Family Trust Of 1997 The Director | May 21, 2026 | 6,265 | $941.38K | May 21, 2026 | Restricted stock vesting under a registered plan |
| Madison Crain Christopher Officer | Apr 1, 2026 | 500 | $71.81K | Apr 1, 2026 | RSA |
| Robert A. Schriesheim Director | Jan 30, 2026 | 5,000 | $841.48K | Jan 30, 2026 | Vested Restricted Stock Units |
| Madison Crain Christopher Officer | Jan 2, 2026 | 500 | $87.10K | Jan 2, 2026 | RSA |
| Irwin Gold Director | Dec 10, 2025 | 5,000 | $893.48K | Dec 10, 2025 | Gift |
| N. Gold Family Trust Irwin Officer | Sep 16, 2025 | 6,811 | $1.38M | Sep 16, 2025 | Restricted stock vesting under a registered plan |
| Madison Crain Christopher Officer | Sep 2, 2025 | 500 | $99.63K | Sep 2, 2025 | RSA |
| Eric Siegert Revocable Trust Paul Director | Aug 27, 2025 | 40,000 | $8.00M | Aug 27, 2025 | Restricted stock vesting under a registered plan |
| Zucker Gillian Director | Jul 14, 2025 | 200 | $37.92K | Jul 14, 2025 | Restricted Stock Shares |
| N. Gold Family Trust Irwin Officer | Jun 30, 2025 | 5,000 | $914.03K | Jun 30, 2025 | Restricted stock vesting under a registered plan |
| Zucker Gillian Director | Jun 13, 2025 | 200 | $35.09K | Jun 13, 2025 | Restricted Stock Shares |
| Madison Crain Christopher Officer | Jun 2, 2025 | 500 | $87.34K | Jun 2, 2025 | RSA |
| Beiser Family Trust Of 1997 The Officer | May 19, 2025 | 8,008 | $1.43M | May 19, 2025 | Restricted stock vesting under a registered plan |
| Zucker Gillian Director | May 13, 2025 | 200 | $35.57K | May 13, 2025 | Restricted Stock Shares |