Houlihan Lokey, Inc.
US ˙ NYSE ˙ US4415931009

SecurityHLI / Houlihan Lokey, Inc.
InstitutionCommerce Bank
Latest Disclosed Ownership37,827 shares
Latest Disclosed Value $ 5,432,713
Commerce Bank reports 686.91% increase in ownership of HLI / Houlihan Lokey, Inc.

On May 11, 2026 - Commerce Bank filed a 13F-HR form disclosing ownership of 37,827 shares of Houlihan Lokey, Inc. (US:HLI) valued at $5,432,714 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 4,807 shares of Houlihan Lokey, Inc.. This represents a change in shares of 686.91% during the quarter. The current value of the position is $5,341,172 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)
2026-05-11 2026-03-31 13F HOULIHAN LOKEY CL A 441593100 37,827 33,020 686.91 5,433 548.98 0.0112
2026-02-13 2025-12-31 13F HOULIHAN LOKEY CL A 441593100 4,807 177 3.82 837 -11.89 0.0046
2025-11-12 2025-09-30 13F HOULIHAN LOKEY CL A 441593100 4,630 300 6.93 951 21.95 0.0053
2025-08-07 2025-06-30 13F HOULIHAN LOKEY CL A 441593100 4,330 0 0.00 779 11.44 0.0046
2025-05-08 2025-03-31 13F HOULIHAN LOKEY CL A 441593100 4,330 -41 -0.94 699 -7.91 0.0045
2025-02-13 2024-12-31 13F HOULIHAN LOKEY CL A 441593100 4,371 -147 -3.25 759 6.45 0.0047
2024-11-08 2024-09-30 13F HOULIHAN LOKEY CL A 441593100 4,518 -109 -2.36 714 14.45 0.0044
2024-08-12 2024-06-30 13F HOULIHAN LOKEY CL A 441593100 4,627 0 0.00 624 5.06 0.0040
2024-05-03 2024-03-31 13F HOULIHAN LOKEY CL A 441593100 4,627 -509 -9.91 593 -3.58 0.0039
2024-02-09 2023-12-31 13F HOULIHAN LOKEY CL A 441593100 5,136 -1,840 -26.38 616 -17.67 0.0044
2023-11-14 2023-09-30 13F HOULIHAN LOKEY CL A 441593100 6,976 -2 -0.03 747 8.89 0.0059
2023-08-08 2023-06-30 13F HOULIHAN LOKEY CL A 441593100 6,978 -964 -12.14 686 -1.15 0.0051
2023-05-04 2023-03-31 13F HOULIHAN LOKEY CL A 441593100 7,942 179 2.31 695 2.66 0.0054
2023-02-10 2022-12-31 13F HOULIHAN LOKEY CL A 441593100 7,763 211 2.79 677 18.80 0.0055
2022-11-04 2022-09-30 13F HOULIHAN LOKEY CL A 441593100 7,552 0 0.00 569 -4.53 0.0049
2022-08-12 2022-06-30 13F HOULIHAN LOKEY CL A 441593100 7,552 -7 -0.09 596 -10.24 0.0049
2022-05-09 2022-03-31 13F HOULIHAN LOKEY CL A 441593100 7,559 -10 -0.13 664 -15.20 0.0045
2022-02-14 2021-12-31 13F HOULIHAN LOKEY CL A 441593100 7,569 -8 -0.11 783 12.18 0.0051
2021-11-09 2021-09-30 13F HOULIHAN LOKEY CL A 441593100 7,577 -525 -6.48 698 5.44 0.0049
2021-08-09 2021-06-30 13F HOULIHAN LOKEY CL A 441593100 8,102 -45 -0.55 662 22.14 0.0047
2021-05-05 2021-03-31 13F HOULIHAN LOKEY CL A 441593100 8,147 -150 -1.81 542 -2.87 0.0041
2021-02-09 2020-12-31 13F HOULIHAN LOKEY CL A 441593100 8,297 242 3.00 558 17.23 0.0045
2020-11-06 2020-09-30 13F HOULIHAN LOKEY CL A 441593100 8,055 -347 -4.13 476 1.93 0.0043
2020-08-07 2020-06-30 13F HOULIHAN LOKEY CL A 441593100 8,402 -530 -5.93 467 0.21 0.0046
2020-05-08 2020-03-31 13F HOULIHAN LOKEY CL A 441593100 8,932 252 2.90 466 9.91 0.0056
2020-02-14 2019-12-31 13F HOULIHAN LOKEY CL A 441593100 8,680 920 11.86 424 21.14 0.0040
2019-11-12 2019-09-30 13F HOULIHAN LOKEY CL A 441593100 7,760 7,760 350 0.0036
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.