[SCHEDULE 13G/A] Colliers International Group Inc. Subordinate Voting Shares SEC Filing

Rhea-AI Filing Summary

Durable Capital Partners LP reports beneficial ownership of 3,625,501 Subordinate Voting Shares of Colliers International Group Inc., representing 7.4% of the class based on 49,297,832 outstanding shares as reported in the issuer's Form 6-K filed May 9, 2025. The filing states Durable Capital Master Fund LP directly holds the shares and Durable Capital Partners LP, as its investment adviser, has sole voting and dispositive power. Durable Capital Partners GP LLC is the Reporting Person's general partner and Henry Ellenbogen is identified as the chief investment officer and managing member of Durable GP. The filing certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Positive

• Material minority stake disclosed: Durable Capital holds 3,625,501 shares equal to 7.4% of Subordinate Voting Shares, a sizable position that increases transparency.
• Clear governance chain: Filing identifies the direct holder (Durable Capital Master Fund LP), reporting adviser (Durable Capital Partners LP), general partner (Durable Capital Partners GP LLC), and named officer (Henry Ellenbogen).
• Ordinary-course certification: The reporting person certifies the shares are held in the ordinary course and not to influence control, reducing concerns about immediate activist activity.

Negative

• None.

Insights

Securities Analyst

TL;DR: A 7.4% passive stake by an institutional adviser is material but disclosed as non-control and held in the ordinary course.

Durable Capital's 3.625 million-share position equals a meaningful minority stake that could attract investor attention given its size relative to outstanding Subordinate Voting Shares. The disclosure clarifies sole voting and dispositive power resides with the adviser for Durable Capital Master Fund LP, while stating the holding is not intended to influence control. For investors and governance watchers, the filing confirms the reporting chain (Fund → Reporting Adviser → Durable GP → Henry Ellenbogen) and provides transparency on decision authority. No transactions, change-in-control intentions, or derivative positions are disclosed.

Corporate Governance Specialist

TL;DR: The filing provides clear governance and control disclosure, signaling no active takeover intent.

The Schedule 13G/A appropriately identifies the beneficial owner, the adviser with sole voting/dispositive power, and the relevant personnel and entities. The certification that holdings are in the ordinary course and not for changing control reduces regulatory and market concern about activist intent. Stakeholders should note the position size is above 5%, which triggers reporting; however, no plans or arrangements affecting control are described.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Colliers International Group Inc.

(Name of Issuer)

Subordinate Voting Shares

(Title of Class of Securities)

194693107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 194693107

1

Names of Reporting Persons

Durable Capital Partners LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,625,501.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,625,501.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,625,501.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.4 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Colliers International Group Inc.
(b)	Address of issuer's principal executive offices: 1140 Bay Street, Suite 4000, Toronto, Ontario, Canada M5S 2B4
Item 2.
(a)	Name of person filing: Durable Capital Partners LP
(b)	Address or principal business office or, if none, residence: 4747 Bethesda Avenue, Suite 1002, Bethesda, Maryland 20814
(c)	Citizenship: The Reporting Person is a limited partnership organized under the laws of the State of Delaware.
(d)	Title of class of securities: Subordinate Voting Shares
(e)	CUSIP No.: 194693107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The ownership percentages reported are based on 49,297,832 outstanding shares of Subordinate Voting Shares (the "Shares"), as reported in the Issuer's Form 6-K filed on May 9, 2025. Durable Capital Master Fund LP directly holds 3,625,501 Shares. The Reporting Person, as the investment adviser to Durable Capital Master Fund LP, has sole power to direct the vote and disposition of the Shares. Durable Capital Partners GP LLC ("Durable GP") is the general partner of the Reporting Person, and Henry Ellenbogen is the chief investment officer of the Reporting Person and the managing member of Durable GP.
(b)	Percent of class: 7.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3625501
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3625501
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See disclosure of relationships among parties under Item 4. The economic benefits of the Shares are shared based on agreements among the parties.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See control and Shares holding disclosure in Item 4.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Durable Capital Partners LP

Signature:	/s/ Julie Jack
Name/Title:	Authorized Person
Date:	08/14/2025

FAQ

How many Colliers (CIGI) Subordinate Voting Shares does Durable Capital Partners LP report owning?

The filing reports 3,625,501 shares, representing 7.4% of the Subordinate Voting Shares class.

On what basis is the 7.4% ownership calculated in the Schedule 13G/A for CIGI?

The percentage is based on 49,297,832 outstanding shares reported in Colliers' Form 6-K filed on May 9, 2025.

Who directly holds the shares and who has voting power according to the filing?

Durable Capital Master Fund LP directly holds the shares; Durable Capital Partners LP, as the investment adviser, has sole voting and dispositive power.

Does the filing indicate Durable Capital intends to influence control of Colliers (CIGI)?

No. The filing certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Who are the key persons/entities identified in the Schedule 13G/A?

The filing names Durable Capital Partners LP (reporting person), Durable Capital Master Fund LP (direct holder), Durable Capital Partners GP LLC (general partner), and Henry Ellenbogen (chief investment officer/managing member).