Why Houlihan Lokey (HLI) Could Be a Stock to Watch in a Volatile Market
Ariel Investments, an investment management company, released its "Appreciation Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Citadel Investment Group Ken Griffin | 1,227,541 | $164,650,075 | +152% | 0.02% |
| 2. | BAMCO Inc. Ron Baron | 869,544 | $116,631,937 | -19% | 0.18% |
| 3. | AQR Capital Management Cliff Asness | 486,239 | $65,219,178 | +22% | 0.02% |
| 4. | Millennium Management Israel Englander | 375,874 | $50,415,980 | +148% | 0.02% |
| 5. | D E Shaw D. E. Shaw | 290,765 | $39,000,309 | +110% | 0.02% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $124.52 | 4,020 | $500,570.40 | 4,020 | 2026-08-03 | Filing | |
| $77.43 | 192 | $14,866.56 | 29,678 | 2022-06-16 | Filing | |
| $99.34 | 121 | $12,020.14 | 28,066 | 2022-03-16 | Filing | |
| $102.59 | 116 | $11,900.44 | 27,945 | 2021-12-16 | Filing | |
| $90.64 | 131 | $11,873.84 | 27,829 | 2021-09-16 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $150.26 | 6,265 | $941,378.90 | 0 | 2026-05-21 | Filing | |
| $143.40 | 500 | $71,700.00 | 0 | 2026-04-01 | Filing | |
| $170.86 | 5,000 | $854,300.00 | 27,982 | 2026-02-06 | Filing | |
| $174.17 | 500 | $87,085.00 | 0 | 2026-01-02 | Filing | |
| $202.75 | 6,811 | $1,380,930.25 | 0 | 2025-09-16 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 5,240,406 | $702,895,630 | 0.01% | |
| 2. | 2,774,115 | $372,092,045 | 0.02% | |
| 3. | 2,439,724 | $327,240,180 | 0.01% | |
| 4. | 2,426,619 | $325,482,474 | 1.01% | |
| 5. | 2,172,720 | $291,426,934 | 1.05% |