Houlihan Lokey, Inc.
US ˙ NYSE ˙ US4415931009

SecurityHLI / Houlihan Lokey, Inc.
InstitutionEntropy Technologies, LP
Latest Disclosed Ownership27,331 shares
Latest Disclosed Value $ 3,925,278
Entropy Technologies, LP ownership in HLI / Houlihan Lokey, Inc.

On May 14, 2026 - Entropy Technologies, LP filed a 13F-HR form disclosing ownership of 27,331 shares of Houlihan Lokey, Inc. (US:HLI) valued at $3,925,278 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 0 shares of Houlihan Lokey, Inc.. The current value of the position is $3,783,430 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F HOULIHAN LOK CL A ORD CL A 441593100 27,331 27,331 3,925 0.1811
2026-02-13 2025-12-31 13F HOULIHAN LOK CL A ORD CL A 441593100 0 -4,055 -100.00 0 -100.00
2025-11-13 2025-09-30 13F HOULIHAN LOK CL A ORD CL A 441593100 4,055 -5,658 -58.25 833 -52.38 0.0623
2025-08-12 2025-06-30 13F HOULIHAN LOKEY CL A 441593100 9,713 -1,903 -16.38 1,748 -6.83 0.1388
2025-05-12 2025-03-31 13F HOULIHAN LOK CL A ORD CL A 441593100 11,616 4,109 54.74 1,876 43.90 0.1826
2025-01-28 2024-12-31 13F HOULIHAN LOK CL A ORD CL A 441593100 7,507 4,407 142.16 1,304 166.46 0.1343
2024-11-04 2024-09-30 13F HOULIHAN LOK CL A ORD CL A 441593100 3,100 1,508 94.72 490 128.50 0.0514
2024-08-12 2024-06-30 13F HOULIHAN LOKEY CL A 441593100 1,592 -2,492 -61.02 215 -59.08 0.0232
2024-05-08 2024-03-31 13F HOULIHAN LOKEY CL A 441593100 4,084 -4,213 -50.78 524 -47.38 0.0558
2024-02-14 2023-12-31 13F HOULIHAN LOKEY CL A 441593100 8,297 8,297 995 0.1844
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.