Kayne Anderson Rudnick reports 4.9% stake in Houlihan Lokey (HLI)

Rhea-AI Filing Summary

Kayne Anderson Rudnick Investment Management, LLC reported beneficial ownership of 2,642,309 shares of Houlihan Lokey Inc common stock, representing 4.9% of the class as of 03/31/2026. The filing shows sole voting power over 1,495,486 shares and sole dispositive power over 1,722,220 shares. The amendment is signed by the firm's Chief Compliance Officer on 05/14/2026.

Insights

Institutional Ownership Analyst

Large manager discloses sub-5% stake in HLI.

The filing lists Kayne Anderson Rudnick's beneficial ownership at 2,642,309 shares (4.9%) as of 03/31/2026, with a mix of sole and shared voting and dispositive powers. This level is below the 5% reporting threshold for Schedule 13D treatment and is consistent with passive institutional ownership.

Subsequent activity by the manager could change ownership category; any change above 5% would alter reporting obligations. Public filings will show updates if holdings cross material thresholds.

Securities Compliance Counsel

Amendment confirms ownership disclosure and power breakdown.

The Schedule 13G/A provides the required beneficial ownership numbers and breaks out voting and dispositive powers: sole voting 1,495,486, shared voting 920,089, sole dispositive 1,722,220, and shared dispositive 920,089. The signature date is 05/14/2026.

This filing is an ownership disclosure; it does not state any change in intent or action by the holder. Future amendments will reflect any material shifts in position or intent.

Key Figures

Beneficial ownership: 2,642,309 shares Percent of class: 4.9% Sole voting power: 1,495,486 shares +3 more

6 metrics

Beneficial ownership 2,642,309 shares as of 03/31/2026

Percent of class 4.9% as of 03/31/2026

Sole voting power 1,495,486 shares reported in Item 4(i)

Shared voting power 920,089 shares reported in Item 4(ii)

Sole dispositive power 1,722,220 shares reported in Item 4(iii)

Signature date 05/14/2026 signed by Chief Compliance Officer

Key Terms

Schedule 13G/A, Beneficially owned, Sole dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment No. 6 and header identifying form type"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 2,642,309"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Item 4. (iii) Sole power to dispose or to direct the disposition of: 1,722,220"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 04:05 PM Learn about SEC filing dates

FAQ

What stake does Kayne Anderson Rudnick hold in HLI?

They report 2,642,309 shares, equal to 4.9% of Houlihan Lokey Inc. common stock as of 03/31/2026, per the amendment.

What voting and dispositive powers are disclosed by KARN?

The filing shows sole voting power for 1,495,486 shares and sole dispositive power for 1,722,220 shares, plus shared voting and dispositive power for 920,089 shares.

Does this Schedule 13G/A indicate activism or a change in intent?

No explicit change of intent is stated; the amendment lists ownership figures and power breakdown. It does not describe plans or intent to influence management or solicit proxies.

What are the filing and signature dates on this amendment?

The ownership figures are dated 03/31/2026 in the header; the amendment is signed by the Chief Compliance Officer on 05/14/2026.

Will this holding require different SEC treatment if it increases?

If beneficial ownership crosses 5%, the holder may be required to file a different disclosure (e.g., Schedule 13D). The current position is reported at 4.9%, below that threshold.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

Houlihan Lokey Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

441593100

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 441593100

1

Names of Reporting Persons

Kayne Anderson Rudnick Investment Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,495,486.00
6	Shared Voting Power 920,089.00
7	Sole Dispositive Power 1,722,220.00
8	Shared Dispositive Power 920,089.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,642,309.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Houlihan Lokey Inc
(b)	Address of issuer's principal executive offices: 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES, CA, 90067
Item 2.
(a)	Name of person filing: Kayne Anderson Rudnick Investment Management, LLC
(b)	Address or principal business office or, if none, residence: Kayne Anderson Rudnick Investment Management, LLC - 2000 Avenue of the Stars, Suite 1110, Los Angeles, CA 90067, US
(c)	Citizenship: Kayne Anderson Rudnick Investment Management, LLC - CALIFORNIA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 441593100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,642,309
(b)	Percent of class: 4.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,495,486
	(ii) Shared power to vote or to direct the vote: 920,089
	(iii) Sole power to dispose or to direct the disposition of: 1,722,220
	(iv) Shared power to dispose or to direct the disposition of: 920,089
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Kayne Anderson Rudnick Investment Management, LLC

Signature:	/s/Michael Shoemaker
Name/Title:	Chief Compliance Officer
Date:	05/14/2026