John W. Rogers Jr.
Ariel Appreciation Fund
John W. Rogers Jr. Houlihan Lokey Inc stake
total: 73
Ariel Appreciation Fund HLI trades
- Total transactions:
- 9
- New positions:
- 2
- Sold out:
- 1
- Reduced:
- 6
- Held since:
- 2026 Q2
- Held for:
- 1 quarter
- Latest activity:
- 2026 Q2
According to 2026 Q2 report, John W. Rogers Jr. holds 131,315 Houlihan Lokey Inc (HLI) shares with a market value of roughly $17.61M accounting for 1.84% of the overall portfolio. To date, the estimated cost basis is nearly $134.13 for "buy" trades. Ariel Appreciation Fund first purchased HLI in 2019 Q3, initially acquiring 718,952 shares. John W. Rogers Jr. later completely sold out the position and invested in Houlihan Lokey Inc again in 2026 Q2. Since the initial investment in Houlihan Lokey Inc (HLI), Ariel Appreciation Fund has made 8 more transactions.
When did John W. Rogers Jr. buy Houlihan Lokey Inc (HLI)?
John W. Rogers Jr. first invested in Houlihan Lokey Inc (HLI) in 2019 Q3 at the reported quarter-end price of $45.10 per share.
What's the cost basis of Ariel Appreciation Fund's HLI stake?
The estimated cost basis for Houlihan Lokey Inc (HLI) stake is around $134.13 per share. This represents their average reported price* across all buy transactions
Estimated cost basis*
- Weighted AVG buy price:
- $134.13
John W. Rogers Jr.'s historical trades in Houlihan Lokey Inc
9 results
| Period |
% of portfolio |
Shares held after* |
Reported price* |
Value* |
% (shares) of activity |
% change to portfolio |
|---|---|---|---|---|---|---|
|
2026 Q2
|
1.84%
|
131,315
|
$134.13
|
$17,613,281
|
new
|
+1.84%
|
|
2022 Q4
|
0.00%
|
0
|
$75.38
|
|
-100% (-67,724)
|
-0.5%
|
|
2021 Q4
|
0.50%
|
67,724
|
$103.52
|
$7,010,788
|
-62.97% (-115,148)
|
-0.87%
|
|
2021 Q3
|
1.23%
|
182,872
|
$92.10
|
$16,842,511
|
-27.28% (-68,617)
|
-0.45%
|
|
2020 Q4
|
1.44%
|
$67.23
|
-19.78% (-62,000)
|
|||
|
2020 Q2
|
1.83%
|
$55.64
|
-25.50% (-107,300)
|
|||
|
2020 Q1
|
2.58%
|
$52.12
|
-39.60% (-275,863)
|
|||
|
2019 Q4
|
2.59%
|
$48.87
|
-3.10% (-22,300)
|
|||
|
2019 Q3
|
2.51%
|
$45.10
|
new
|
|||
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.