CWK: Vaughan Nelson Reports 13.3M Share Position in Schedule 13G

Rhea-AI Filing Summary

On 22 July 2025 Vaughan Nelson Investment Management, L.P. and its parent Vaughan Nelson Investment Management, Inc. filed Amendment No. 2 to Schedule 13G disclosing a passive ownership position in Cushman & Wakefield plc (CWK).

The firms report beneficial ownership of 13,312,527 common shares, representing 5.75 % of CWK’s outstanding stock as of 30 June 2025. They hold sole voting power over 11,381,979 shares, sole dispositive power over 12,156,514 shares, and shared dispositive power over 1,156,013 shares. No other single client exceeds the 5 % threshold.

The filing is made under Rule 13d-1(b), confirming the shares were acquired in the ordinary course of business with no intent to influence control. Vaughan Nelson is classified as both an investment adviser (IA) and a parent holding company (HC).

Positive

• Institutional backing: Vaughan Nelson’s 5.75 % stake adds a sizable, professional shareholder to CWK’s register, potentially enhancing market confidence and liquidity.

Negative

• Overhang risk: The passive nature of the investment means Vaughan Nelson could exit without notice, creating supply pressure on roughly 13 million shares.

Insights

Financial Analyst

TL;DR: Passive 5.75 % CWK stake by Vaughan Nelson boosts institutional ownership, modestly positive for liquidity but carries limited strategic impact.

Vaughan Nelson’s 13G signals expanded institutional support for CWK without activist intent. A 5.75 % holding (13.3 M shares) is material enough to improve float stability and may attract additional buy-side attention. However, because the position is passive, it offers no immediate catalyst for operational change. Should portfolio rebalancing occur, the sizeable block could become an overhang. Overall market impact is neutral-to-slightly positive; the disclosure mainly informs investors of share concentration and potential volume implications.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Cushman & Wakefield plc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

G2717B108

(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. G2717B108

1

Names of Reporting Persons

Vaughan Nelson Investment Management, L.P.

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 11,381,979.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,156,514.00
8	Shared Dispositive Power 1,156,013.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,312,527.00

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)

5.75 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G2717B108

1

Names of Reporting Persons

Vaughan Nelson Investment Management, Inc.

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 11,381,979.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,156,514.00
8	Shared Dispositive Power 1,156,013.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,312,527.00

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)

5.75 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Cushman & Wakefield plc
(b)	Address of issuer's principal executive offices: 125 Old Broad Street, London, United Kingdom, EC2N 1AR
Item 2.
(a)	Name of person filing: Vaughan Nelson Investment Management, L.P. ("Vaughan Nelson") Vaughan Nelson Investment Management, Inc. ("General Partner")
(b)	Address or principal business office or, if none, residence: Both Vaughan Nelson and the General Partner maintain their principal offices at: 600 Travis Street, Suite 3800 Houston, Texas 77002
(c)	Citizenship: Vaughan Nelson is a Delaware limited partnership. The General Partner is a Delaware corporation.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: G2717B108
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: 13,312,527
(b)	Percent of class: 5.75 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 11,381,979
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 12,156,514
	(iv) Shared power to dispose or to direct the disposition of: 1,156,013
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. Various persons, as investment advisory clients of Vaughan Nelson, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock of the Issuer. To the knowledge of Vaughan Nelson, no one such person's interest in the common stock of the Issuer is more than five percent of the total outstanding common stock of the Issuer.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
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.

Vaughan Nelson Investment Management, L.P.

Signature:	/s/ Carlos Gonzalez
Name/Title:	Carlos Gonzalez, Chief Compliance Officer
Date:	07/22/2025

Vaughan Nelson Investment Management, Inc.

Signature:	/s/ Carlos Gonzalez
Name/Title:	Carlos Gonzalez, Chief Compliance Officer
Date:	07/22/2025

Exhibit Information

Exhibit 1 - Joint Filing Agreement

FAQ

What percentage of Cushman & Wakefield (CWK) shares does Vaughan Nelson own?

The Schedule 13G reports beneficial ownership of 5.75 % of outstanding common stock.

How many CWK shares are covered by the July 2025 Schedule 13G filing?

Vaughan Nelson reports holding 13,312,527 common shares.

Does Vaughan Nelson have voting control over the entire stake?

They have sole voting power over 11,381,979 shares and no shared voting power.

Why was the filing made under Rule 13d-1(b) instead of 13d-1(d)?

Rule 13d-1(b) applies to institutional investors like investment advisers who acquire shares in the ordinary course of business.

What is the reference date for the ownership data in this filing?

The stake is reported as of 30 June 2025.