Vanguard Capital Management LLC Acquires 5.2% Stake in Houlihan Lokey Inc (HLI)

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 5.2% ownership stake in Houlihan Lokey Inc (HLI). As of the event date on March 31, 2026, Vanguard beneficially owns 2,835,705 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over all 2,835,705 shares, while maintaining sole voting power over 416,373 shares. This position represents an increase from a previous 0% holding, crossing the 5% regulatory reporting threshold. The filing includes shares held by various Vanguard affiliates and business divisions, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. No other single person's interest in these securities exceeds 5% of the total shares outstanding.