Hamilton Lane Incorporated

HLNERank #303 of 316

Reference Jun 30, 2026 close implied by Form 13F filings

Circulating market cap

$3.42B

Upper bound: lock-ups and restricted stock not reviewed yet.

Traditional market cap: $4.34B
Fully diluted value: n/a
Free float market cap: -
Gap to traditional: $927.16M (21.3%)

Circulating supply43.35M / 55.11M

Free float
Locked team
Other restricted

Circulating: 43.35M · 78.7%
Free float: -
Locked team: n/r
Other restricted: 11.76M · 21.3%
Total outstanding: 55,110,638

Lock-ups and restricted stock for this company have not been reviewed yet. Only unlisted share classes are excluded, so circulating supply is an upper bound.

Supply breakdown

Shares as of Jul 31, 2026

Circulating78.7%43.35M shares

Category	Shares	%	Value	Status
Circulating	43.35M	78.7%	$3.42B	Estimated
Free float	-	-	-	Unavailable
Insider-held, unrestricted	-	-	-	Unavailable
Locked team funds	-	-	-	Unavailable
Other restricted (unlisted classes only)	11.76M	21.3%	$927.16M	Verified
Total outstanding	55.11M	100.0%	$4.34B	Verified
Ownership views (overlap the categories above, never added)
Institutional holdings (13F)	46.30M	84.0%	$3.65B	Estimated
Insider-held, all (Forms 3, 4, 5)	-	-	-	Unavailable

Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: no class has more shares deducted than it has outstanding, and the review found no shares that may be counted twice: reconciles.

Valuation

Traditional$4.34B
Fully diluted-
Circulating$3.42B
Free float-
Locked team value$0
Other restricted value$927.16M

Locked and restricted shares

1 item

Class B (not listed on any exchange)

11,761,471 shares

21.3% of total · $927.16M

Class B shares are not listed on any exchange and cannot be traded as they are. A holder must first convert them into Class A shares, which can then be sold. FloatCap counts them outside circulating supply until converted.

Verified10-Q, Cover page: shares outstanding by class; the class has no trading symbolApplied automatically to every unlisted class.

Institutional holders

13F, quarter ended Jun 30, 2026

Holder	Shares	% of total
BlackRock, Inc.	4.28M	7.77%
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	3.05M	5.54%
VANGUARD PORTFOLIO MANAGEMENT LLC	1.80M	3.26%
VANGUARD CAPITAL MANAGEMENT LLC	1.79M	3.26%
STATE STREET CORP	1.36M	2.46%
LOS ANGELES CAPITAL MANAGEMENT LLC	1.22M	2.20%
CITADEL ADVISORS LLC	1.20M	2.18%
WASATCH ADVISORS LP	1.15M	2.09%
GEODE CAPITAL MANAGEMENT, LLC	1.05M	1.90%
PRINCIPAL FINANCIAL GROUP INC	1.03M	1.87%

Sum of long share positions in Form 13F reports for the quarter. 13F covers managers with over $100M in US equities; some positions are reported by more than one filer.

Insiders

Forms 3, 4 and 5

Form 4 aggregation pending

Share classes

Class	Listing	Shares outstanding	As of
Class A	HLNE on Nasdaq	43,349,167	Jul 31, 2026
Class B	Not listed (valued at HLNE)	11,761,471	Jul 31, 2026

Notes and sources

Hamilton Lane INC 10-Q for period ended 2026-06-30, Cover page (0001433642-26-000042)
Hamilton Lane INC 10-Q for period ended 2026-06-30, Cover page: shares outstanding by class; the class has no trading symbol (0001433642-26-000042)
SEC public float (non-affiliates): $5.47B as of Sep 30, 2025, from the 10-K cover. It is a dollar value at a past date, not circulating supply.