John W. Rogers Jr.'s Ariel Appreciation Fund is back in Houlihan Lokey Inc (HLI) in 2026 Q2, after 3.5 years out, according to the NPORT-P filed with the SEC on August 20, 2026. The filing lists 131K shares worth about $17.6M at June 30, 2026, 1.84% of the reported portfolio. HLI enters the book as the 33rd largest of 45 stock positions.
What did the 2026 Q2 filing report for HLI?
As of June 30, 2026, from the NPORT-P filed August 20, 2026.
| Value | |
|---|---|
| Shares | 131K |
| Reported value | $17.6M |
| Portfolio weight | 1.84% |
| Rank in portfolio | 33rd of 45 |
| Sold out in | 2022 Q4 |
| Out for | 3.5 years |
How big is the returning HLI position?
John W. Rogers Jr. opened 5 stock positions in 2026 Q2; HLI is the 2nd largest of them by weight. An average stock position in the John W. Rogers Jr. portfolio is 2% of the reported value, so the new name starts at about the fund's typical size.
Where does HLI sit in the John W. Rogers Jr. portfolio?
HLI ranks 33rd of 45 stock positions in the John W. Rogers Jr. portfolio at 1.84%, about the fund's average stock position of 2%. The HLI purchase was the 4th largest of the quarter's 39 position changes by percent change to portfolio. The largest stock position is CRL at 4.05%. Next come MSGE at 3.41% and OSW at 3.39%. The three largest stocks together are 10.84% of the book. Across the 2026 Q2 portfolio, John W. Rogers Jr. reported 45 stock positions, with 5 opened and 3 closed. The total portfolio value is about $959.5M, up 10% from the prior quarter.
When did John W. Rogers Jr. hold HLI before?
John W. Rogers Jr. held HLI before. The fund first reported the name in the quarter ended September 30, 2019, sold out in 2022 Q4 and is back after 3.5 years out. The weight peaked at 2.59% in 2019 Q4. Every reported trade is on the John W. Rogers Jr. HLI trade history page.
FAQ
How many HLI shares does John W. Rogers Jr. hold?
John W. Rogers Jr. holds 131K shares of HLI as of June 30, 2026, worth about $17.6M.
What is HLI's weight in the John W. Rogers Jr. portfolio?
HLI is 1.84% of the John W. Rogers Jr. portfolio and ranks 33rd of 45 stocks by weight.
Has John W. Rogers Jr. owned HLI before?
Yes. John W. Rogers Jr. held HLI before. The fund first reported the name in the quarter ended September 30, 2019, sold out in 2022 Q4 and is back after 3.5 years out.