Philosophy Capital reports 5.4% stake in Hudson Pacific

Hudson Pacific Properties, Inc. received an updated ownership report from Philosophy Capital Management LLC and Jacob Rubin.

Rhea-AI Filing Summary

Hudson Pacific Properties, Inc. received an updated ownership report from Philosophy Capital Management LLC and Jacob Rubin. They report beneficial ownership of 2,906,764 shares of common stock, representing 5.4% of the class, based on 54,242,024 shares outstanding as of May 1, 2026. All voting and dispositive power over these shares is held on a shared basis, with no sole power reported. Philosophy acts as investment adviser and general partner to private funds and other clients, and Rubin is its control person. Both parties file jointly but state they are not part of a group and each disclaims beneficial ownership beyond their pecuniary interest. An exhibit documents their joint filing agreement.

Key Figures

Shares beneficially owned: 2,906,764 shares Ownership percentage: 5.4% Shares outstanding: 54,242,024 shares +2 more

5 metrics

Shares beneficially owned 2,906,764 shares Common Stock beneficially owned by each reporting person

Ownership percentage 5.4% Percent of Hudson Pacific Properties common stock class

Shares outstanding 54,242,024 shares Common Stock outstanding as of May 1, 2026, from issuer Form 10-Q

Shared voting power 2,906,764 shares Shares over which reporting persons share voting power

Shared dispositive power 2,906,764 shares Shares over which reporting persons share dispositive power

Key Terms

beneficial ownership, shared voting power, shared dispositive power, pecuniary interest, +2 more

6 terms

beneficial ownership financial

"Each reporting person also disclaims beneficial ownership of Common Stock except"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

shared voting power financial

"Shared Voting Power 2,906,764.00 7 | Sole Dispositive Power 0.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 2,906,764.00 9 2,906,764.00"

pecuniary interest financial

"disclaims beneficial ownership of Common Stock except to the extent of that person's pecuniary interest"

investment adviser financial

"Philosophy is the investment adviser and general partner of private investment funds"

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

Schedule 13G regulatory

"Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of Hudson Pacific Properties (HPP) does Philosophy Capital Management report owning?

Philosophy Capital Management LLC and Jacob Rubin report beneficial ownership of 2,906,764 shares of Hudson Pacific Properties common stock, representing 5.4% of the outstanding class based on 54,242,024 shares outstanding as of May 1, 2026.

How many Hudson Pacific Properties (HPP) shares are outstanding in this Schedule 13G/A?

The reported ownership percentages are calculated using 54,242,024 shares of Hudson Pacific Properties common stock outstanding as of May 1, 2026, as referenced from the issuer’s Form 10-Q for the quarter ended March 31, 2026.

Do the reporting persons have sole or shared voting power over HPP shares?

The reporting persons disclose 0 shares with sole voting power and 2,906,764 shares with shared voting power. They also report 0 shares with sole dispositive power and 2,906,764 shares with shared dispositive power over Hudson Pacific Properties stock.

Who are the reporting persons in this Hudson Pacific Properties (HPP) Schedule 13G/A?

The reporting persons are Philosophy Capital Management LLC, a Delaware investment adviser and general partner to private funds and clients, and Jacob Rubin, its control person. They file jointly but each disclaims membership in a group and beneficial ownership beyond pecuniary interest.

What is the role of Philosophy Capital Management LLC regarding HPP shares?

Philosophy Capital Management LLC acts as investment adviser and general partner to private investment funds and adviser to other clients that hold Hudson Pacific Properties shares. Voting and dispositive power over 2,906,764 shares is reported as shared, not sole.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 12:27 PM Accepted by SEC EDGAR 08/14/2026 - 12:26 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Hudson Pacific Properties, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

444097406

(CUSIP Number)

06/30/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 444097406

1

Names of Reporting Persons

Philosophy Capital Management LLC

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 0.00
6	Shared Voting Power 2,906,764.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,906,764.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,906,764.00

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)

5.4 %

12

Type of Reporting Person (See Instructions)

IA, OO

Comment for Type of Reporting Person: The percentage reported herein is calculated based on 54,242,024 shares of Common Stock outstanding as of May 1, 2026, as reported in the Form 10-Q filed by the Issuer for the quarter ended March 31, 2026.

SCHEDULE 13G

CUSIP Number(s): 444097406

1

Names of Reporting Persons

Jacob Rubin

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,906,764.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,906,764.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,906,764.00

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)

5.4 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: The percentage reported herein is calculated based on 54,242,024 shares of Common Stock outstanding as of May 1, 2026, as reported in the Form 10-Q filed by the Issuer for the quarter ended March 31, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hudson Pacific Properties, Inc.
(b)	Address of issuer's principal executive offices: 11601 Wilshire Blvd., Ninth Floor, Los Angeles, CA 90025
Item 2.
(a)	Name of person filing: Philosophy Capital Management LLC, a Delaware limited liability company ("Philosophy") Jacob Rubin Philosophy is the investment adviser and general partner of private investment funds and the investment adviser to other clients. Mr. Rubin is the control person of Philosophy. The reporting persons are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group. Each reporting person also disclaims beneficial ownership of Common Stock except to the extent of that person's pecuniary interest therein.
(b)	Address or principal business office or, if none, residence: 3201 Danville Boulevard, Suite 100, Alamo, CA 94507
(c)	Citizenship: See Item 4 of the cover sheet for each reporting person.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 444097406
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 response to Row 9 of the cover page for each reporting person is incorporated herein by reference and sets forth the information required by this item
(b)	Percent of class: The response to Row 11 of the cover page for each reporting person is incorporated herein by reference and sets forth the information required by this item.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The response to Row 5 of the cover page for each reporting person is incorporated herein by reference and sets forth the information required by this item.
	(ii) Shared power to vote or to direct the vote: The response to Row 6 of the cover page for each reporting person is incorporated herein by reference and sets forth the information required by this item.
	(iii) Sole power to dispose or to direct the disposition of: The response to Row 7 of the cover page for each reporting person is incorporated herein by reference and sets forth the information required by this item.
	(iv) Shared power to dispose or to direct the disposition of: The response to Row 8 of the cover page for each reporting person is incorporated herein by reference and sets forth the information required by this item.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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.

Philosophy Capital Management LLC

Signature:	/s/ Jacob Rubin
Name/Title:	Managing Member
Date:	08/14/2026

Jacob Rubin

Signature:	/s/ Jacob Rubin
Name/Title:	Reporting person
Date:	08/14/2026

Exhibit Information

Exhibit 99 - Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G