Houlihan Lokey, Inc.
US ˙ NYSE ˙ US4415931009

SecurityHLI / Houlihan Lokey, Inc.
InstitutionSei Investments Co
Latest Disclosed Ownership688,906 shares
Latest Disclosed Value $ 120,000,494
Sei Investments Co reports 4.05% decrease in ownership of HLI / Houlihan Lokey, Inc.

On February 13, 2026 - Sei Investments Co filed a 13F-HR form disclosing ownership of 688,906 shares of Houlihan Lokey, Inc. (US:HLI) valued at $120,000,536 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 717,952 shares of Houlihan Lokey, Inc.. This represents a change in shares of -4.05% during the quarter. The current value of the position is $95,365,258 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)
2026-02-13 2025-12-31 13F HOULIHAN LOKEY CL A 441593100 688,906 -29,046 -4.05 120,000 -18.59 0.1184
2025-11-13 2025-09-30 13F HOULIHAN LOKEY CL A 441593100 717,952 27,328 3.96 147,410 18.61 0.1585
2025-08-14 2025-06-30 13F HOULIHAN LOKEY CL A 441593100 690,624 86,244 14.27 124,278 27.32 0.1441
2025-05-14 2025-03-31 13F/A-1 HOULIHAN LOKEY CL A 441593100 604,380 -132,338 -17.96 97,607 -23.71 0.1256
2025-05-13 2025-03-31 13F HOULIHAN LOKEY CL A 441593100 734,939 -1,779 127,600 0.1388
2025-02-11 2024-12-31 13F HOULIHAN LOKEY CL A 441593100 736,718 -19,027 -2.52 127,938 7.13 0.1643
2024-11-12 2024-09-30 13F HOULIHAN LOKEY CL A 441593100 755,745 -20,590 -2.65 119,423 14.07 0.1551
2024-08-13 2024-06-30 13F HOULIHAN LOKEY CL A 441593100 776,335 45,205 6.18 104,697 11.71 0.1483
2024-05-07 2024-03-31 13F HOULIHAN LOKEY CL A 441593100 731,130 37,882 5.46 93,723 12.75 0.1373
2024-02-14 2023-12-31 13F HOULIHAN LOKEY CL A 441593100 693,248 194,867 39.10 83,128 55.71 0.1334
2023-11-14 2023-09-30 13F HOULIHAN LOKEY CL A 441593100 498,381 56,247 12.72 53,387 22.82 0.0959
2023-08-11 2023-06-30 13F HOULIHAN LOKEY CL A 441593100 442,134 -96,191 -17.87 43,466 -7.71 0.0758
2023-05-12 2023-03-31 13F HOULIHAN LOKEY CL A 441593100 538,325 39,131 7.84 47,098 8.25 0.0875
2023-02-10 2022-12-31 13F HOULIHAN LOKEY CL A 441593100 499,194 20,297 4.24 43,510 20.53 0.0967
2022-11-14 2022-09-30 13F HOULIHAN LOKEY CL A 441593100 478,897 -4,983 -1.03 36,099 -5.48 0.0805
2022-08-15 2022-06-30 13F HOULIHAN LOKEY CL A 441593100 483,880 93,693 24.01 38,192 11.52 0.0825
2022-05-13 2022-03-31 13F HOULIHAN LOKEY CL A 441593100 390,187 37,289 10.57 34,247 -6.23 0.0688
2022-02-14 2021-12-31 13F HOULIHAN LOKEY CL A 441593100 352,898 38,675 12.31 36,523 26.20 0.0685
2021-11-12 2021-09-30 13F HOULIHAN LOKEY CL A 441593100 314,223 308,186 5,104.95 28,940 5,758.30 0.0607
2021-08-06 2021-06-30 13F HOULIHAN LOKEY CL A 441593100 6,037 -1,170 -16.23 494 3.13 0.0011
2021-05-12 2021-03-31 13F HOULIHAN LOKEY CL A 441593100 7,207 -3,666 -33.72 479 -34.47 0.0012
2021-02-08 2020-12-31 13F HOULIHAN LOKEY CL A 441593100 10,873 304 2.88 731 16.77 0.0019
2020-12-04 2020-09-30 13F/A-1 HOULIHAN LOKEY CL A 441593100 10,569 1,708 19.28 626 26.21 0.0018
2020-11-06 2020-09-30 13F HOULIHAN LOKEY CL A 441593100 10,569 1,708 626 1,507.2688
2020-08-17 2020-06-30 13F/A-1 HOULIHAN LOKEY CL A 441593100 8,861 24 0.27 496 6.67 0.0015
2020-08-11 2020-06-30 13F HOULIHAN LOKEY CL A 441593100 6,988 -1,849 349 946.6811
2020-05-14 2020-03-31 13F HOULIHAN LOKEY CL A 441593100 8,837 2,480 39.01 465 49.52 0.0017
2020-02-06 2019-12-31 13F HOULIHAN LOKEY CL A 441593100 6,357 1,850 41.05 311 53.20 0.0009
2019-11-12 2019-09-30 13F HOULIHAN LOKEY CL A 441593100 4,507 4,507 203 0.0005
2019-08-14 2019-06-30 13F HOULIHAN LOKEY CL A 441593100 0 -1,949 -100.00 0 -100.00
2019-05-15 2019-03-31 13F HOULIHAN LOKEY CL A 441593100 1,949 1,949 89 0.0003
2018-11-08 2018-09-30 13F HOULIHAN LOKEY CL A 441593100 0 -213 -100.00 0 -100.00
2018-08-03 2018-06-30 13F HOULIHAN LOKEY CL A 441593100 213 13 6.50 11 22.22 0.0000
2018-05-11 2018-03-31 13F HOULIHAN LOKEY CL A 441593100 200 142 244.83 9 200.00 0.0000
2018-02-08 2017-12-31 13F HOULIHAN LOKEY CL A 441593100 58 0 0.00 3 50.00 0.0000
2017-11-06 2017-09-30 13F HOULIHAN LOKEY CL A 441593100 58 -7,492 -99.23 2 -99.24 0.0000
2017-07-31 2017-06-30 13F HOULIHAN LOKEY CL A 441593100 7,550 7,550 263 0.0010
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.