Richard Bernstein Advisors Cuts Stake in Houlihan Lokey

Investment firm reduces position in financial services provider by over 59%

Published on Mar. 10, 2026

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Richard Bernstein Advisors LLC has reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 59.4% in the third quarter, according to the company's recent SEC filing. The investment firm now owns 9,459 shares of the financial services provider's stock, down from 23,295 shares previously.

Why it matters

This reduction in Houlihan Lokey's stock position by a major institutional investor could signal a shift in sentiment or strategy around the financial services firm, which provides advisory services across mergers and acquisitions, capital markets, financial restructuring, and valuation.

The details

According to the SEC filing, Richard Bernstein Advisors sold 13,836 shares of Houlihan Lokey during the third quarter. The firm's remaining 9,459 shares were valued at $1.942 million at the end of the reporting period. Houlihan Lokey's stock has seen volatility in recent months, trading between a 52-week high of $211.78 and a low of $137.99.

  • Richard Bernstein Advisors reduced its Houlihan Lokey position in the 3rd quarter of 2026.

The players

Richard Bernstein Advisors LLC

An investment management firm that previously held a larger position in Houlihan Lokey.

Houlihan Lokey, Inc.

A global investment bank and financial services firm that provides advisory services across mergers and acquisitions, capital markets, financial restructuring, and valuation.

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The takeaway

This reduction in holdings by a major institutional investor like Richard Bernstein Advisors could signal a shift in market sentiment around Houlihan Lokey, though the reasons behind the firm's decision are not entirely clear from the limited information provided. Investors will likely continue to monitor Houlihan Lokey's stock performance and any further changes in institutional ownership.