What is the 13F Pro Quality Score for HLNE?

13F Pro ranks Hamilton Lane INC (HLNE) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HLNE's current score at https://13fpro.ai/research/HLNE (free sign-up required for the full ranking).

Where does 13F Pro source HLNE data?

All Hamilton Lane INC fundamentals and ownership data come directly from SEC EDGAR. Hamilton Lane INC files with the SEC under CIK 1433642. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HLNE in?

Hamilton Lane INC (HLNE) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What are HLNE's largest expenses?

Hamilton Lane INC's latest 10-K reports these as the largest expense items: Compensation and benefits ($299.6M, +9.1% YoY); General, administrative and other ($132.1M, +9.2% YoY). Sourced directly from SEC EDGAR filing text for FY2026 (year ended March 31, 2026).

How often is HLNE research updated on 13F Pro?

HLNE's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Hamilton Lane INC(HLNE)Stock Analysis

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13F Pro Quality Score

75.4/100

Rank #130 of 2,879 stocksTOP 5%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

76.1/100

Profitability

92.0/100

Balance Sheet

86.9/100

Earnings Quality

76.9/100

Free Cash Flow

92.9/100

Institutional Flow

67.8/100

Revenue Scale

43.6/100

Dilution Risk

21.9/100

HLNE Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Hamilton Lane INC (HLNE), a Financials sector company. 13F Pro's AI-powered ranking engine scores HLNE at 75.4/100 on a 32-signal composite quality model, placing it at rank #130 of 2,879 stocks — the top 5% of the AI-ranked universe. HLNE scores in the top quartile across free cash flow (92.9), profitability (92.0), balance sheet strength (86.9). Shareholder dilution risk is elevated at 21.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q4 2026), Hamilton Lane INC reports quarterly revenue of $193.6M, net income of $66.2M, free cash flow of $101.2M. Top institutional holders of HLNE by reported 13-F value include BlackRock,, KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. HLNE trades on the Nasdaq exchange and files with the SEC under CIK 1433642. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HLNE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Hamilton Lane INC directly from SEC EDGAR. Hamilton Lane INC's 13F Pro composite quality score has ranged between 8 and 79 since 2021, currently 75.4 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about Hamilton Lane INC

Quirks, history, and lore behind HLNE — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial services company · alternative asset management specialist · listed on Nasdaq · headquartered in Pennsylvania.
2
The Numbers
It oversees roughly $900+ billion in assets under management and supervision — a staggering figure for a firm most people have never heard of, with annual revenues in the hundreds of millions.
3
The History
Founded in 1991, it spent decades as a behind-the-scenes player before going public, quietly building one of the world's largest private markets advisory businesses.
4
The Secret
Its core business is helping institutional investors — pension funds, endowments, sovereign wealth funds — navigate the complex world of private equity, credit, and real assets.
5
The Lore
It has been a pioneer in making private markets accessible to wealthy individuals, not just giant institutions — essentially democratizing an asset class that used to be a billionaires-only club.
6
The Giveaway
Named after one of America's most famous Founding Fathers, this Philadelphia-based alternatives manager helps clients invest in funds-of-funds, co-investments, and secondaries — no musical required.

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What's Driving HLNE's Business? Latest 10-K Breakdown

AI-extracted from Hamilton Lane INC's 10-K filed 2026-05-21 — FY2026 (year ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Biggest Revenue Drivers

Total revenue: $759.0M+6.4% YoY

Management and advisory fees$584.2M+13.7% YoY

Specialized funds revenue increased $59.2M primarily from evergreen funds and direct equity fund growth; customized separate accounts increased $7.1M from new account additions.

Incentive fees (excluding Consolidated Funds)$170.6M-13.9% YoY

Decrease primarily due to lower tax-related carried interest distributions and fewer realized gains from secondary fund investments.

Largest Expense Items

Compensation and benefits$299.6M+9.1% YoY

Base compensation increased $20.4M from higher headcount and bonus accruals; equity-based compensation increased $19.5M from performance awards granted in prior year.

General, administrative and other$132.1M+9.2% YoY

Consulting/professional fees increased $5.6M; third-party commissions increased $3.8M related to evergreen fund subscriptions and fundraising.

Watch Items from the Filing

AUM grew 7% CAGR from FY2022-2026 to $142B; evergreen funds now represent material portion of revenue, creating liquidity and redemption risk if market conditions deteriorate significantly.
Top 10 clients represented 11% of management and advisory fee revenues; no single client exceeds 2% of fee revenue, indicating good diversification but also customer concentration risk in evergreen products.
Unrecognized carried interest of $1.5B net of NCI as of March 31, 2026 (vs. $1.3B prior year) represents significant revenue upside, but subject to clawback contingencies and market realization risk.
Debt outstanding increased to $280.6M with new $100M Senior Notes (5.28% due 2029) issued in October 2024; Consolidated Leverage Ratio covenant of 3.50x maintained; interest expense rose $1.6M to $14.9M YoY.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-K on SEC EDGAR →Share on X

Revenue

Q4 2026

$193.6M

Net Income

Q4 2026

$66.2M

Free Cash Flow

Q4 2026

$101.2M

D/E Ratio

Q4 2026

0.30

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+6.5% YoY

$759.0MFY 2026

FY23 $528.8MFY24 $553.8MFY25 $713.0MFY26 $759.0M

Net Income

+14.6% YoY

$249.2MFY 2026

FY23 $109.1MFY24 $140.9MFY25 $217.4MFY26 $249.2M

EPS (Diluted)

—FY 2026

FY23 —FY24 —FY25 —FY26 —

Total Assets

+36.4% YoY

$2.30BFY 2026

FY23 $1.14BFY24 $1.27BFY25 $1.69BFY26 $2.30B

Total Debt

-4.1% YoY

$278.4MFY 2026

FY23 $213.5MFY24 $196.2MFY25 $290.3MFY26 $278.4M

Op. Cash Flow

+41.3% YoY

$424.9MFY 2026

FY23 $226.6MFY24 $120.9MFY25 $300.8MFY26 $424.9M

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020
Revenue	$759.0M +6.5%	$713.0M +28.7%	$553.8M +4.7%	$528.8M +54.8%	$341.6M +24.7%	$274.0M
Net Income	$249.2M +14.6%	$217.4M +54.4%	$140.9M +29.1%	$109.1M +11.3%	$98.0M +61.2%	$60.8M
EPS (Diluted)	—	—	—	—	$2.81 +30.7%	$2.15
Total Assets	$2.30B +36.4%	$1.69B +33.0%	$1.27B +11.5%	$1.14B +0.4%	$1.14B +140.0%	$473.5M
Total Debt	$278.4M -4.1%	$290.3M +48.0%	$196.2M -8.1%	$213.5M +30.9%	$163.2M +118.3%	$74.7M
Operating Cash Flow	$424.9M +41.3%	$300.8M +148.9%	$120.9M -46.7%	$226.6M +20.4%	$188.2M +61.7%	$116.4M

AI Insight: HLNE Financial Trends

Net income rebounded to $66M in Q1 2026 while debt declined to $280M, but revenue remains volatile and operating cash flow is inconsistent.

• Net income surged 32% YoY from $50M (Q1 2025) to $66M (Q1 2026), marking strongest result in 8-quarter window.

• Total debt decreased 4% from $292M (Q4 2024) to $278M (Q1 2026), reducing financial leverage steadily.

• Revenue averaged $185M across last 4 quarters, but ranged $176M–$199M — no clear uptrend or consistency.

⚠ Operating cash flow collapsed from $129M (Q2 2025) to $39M (Q1 2025) to $103M (Q1 2026) — volatile, difficult to forecast.

⚠ Equity grew 40% in 12 months from $566M (Q2 2024) to $915M (Q1 2026) — driven by earnings retention or capital raises.

AI Insight: HLNE Ratio Trends

Operating margin surged to 67.1% in Q1 2026, highest in dataset; ROIC recovered to 43.5% as leverage fell to 0.30.

• OpMargin expanded from 54.3% in Q2 2024 to 67.1% in Q1 2026, a 2,780 bp gain over two years.

• ROIC climbed from 35.0% nadir in Q1 2025 to 43.5% in Q1 2026, a 450 bp recovery.

• Debt-to-equity ratio improved steadily from 0.45 in Q4 2024 to 0.30 in Q1 2026, strengthening balance sheet.

⚠ ROE declined from 41.6% in Q2 2024 to 28.9% in Q1 2026, down 1,270 bp despite margin gains.

⚠ NPM volatile: peaked 37.1% in Q3 2025, fell to 29.4% in Q4 2025, recovered to 34.2% in Q1 2026.

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Available Research

13F Pro tracks comprehensive data for Hamilton Lane INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HLNE

BlackRock, Inc.
$405.1M4,075,942 sh
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
$339.5M3,415,150 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$181.5M1,825,468 sh
VANGUARD CAPITAL MANAGEMENT LLC
$177.4M1,784,253 sh
WASATCH ADVISORS LP
$174.1M1,751,596 sh
STATE STREET CORP
$131.8M1,319,121 sh
MILLENNIUM MANAGEMENT LLC
$121.6M1,223,381 sh
PRINCIPAL FINANCIAL GROUP INC
$109.7M1,103,913 sh
Champlain Investment Partners, LLC
$108.1M1,087,227 sh
GEODE CAPITAL MANAGEMENT, LLC
$104.4M1,050,026 sh

Fund	Value	Shares
BlackRock, Inc.	$405.1M	4,075,942
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	$339.5M	3,415,150
VANGUARD PORTFOLIO MANAGEMENT LLC	$181.5M	1,825,468
VANGUARD CAPITAL MANAGEMENT LLC	$177.4M	1,784,253
WASATCH ADVISORS LP	$174.1M	1,751,596
STATE STREET CORP	$131.8M	1,319,121
MILLENNIUM MANAGEMENT LLC	$121.6M	1,223,381
PRINCIPAL FINANCIAL GROUP INC	$109.7M	1,103,913
Champlain Investment Partners, LLC	$108.1M	1,087,227
GEODE CAPITAL MANAGEMENT, LLC	$104.4M	1,050,026

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Is HLNE a good stock to buy?

13F Pro's AI-powered analysis of Hamilton Lane INC (HLNE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HLNE are available on the HLNE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own HLNE?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HLNE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Hamilton Lane INC's investment landscape.