[SCHEDULE 13G/A] Hudson Pacific Properties, Inc. SEC Filing
Rhea-AI Filing Summary
Hudson Pacific Properties, Inc. is reported as having substantial institutional ownership by Cohen & Steers and its affiliates. Cohen & Steers, Inc. beneficially owns 64,515,605 shares (17.02% of the class), with sole voting power of 50,283,256 and sole dispositive power of 64,515,605. Cohen & Steers Capital Management, Inc. reports beneficial ownership of 63,726,801 shares (16.81%), with sole voting power of 49,749,762 and sole dispositive power of 63,726,801. Smaller affiliate holdings include Cohen & Steers UK Ltd (639,470 shares, 0.17%) and Cohen & Steers Ireland Ltd (149,334 shares, 0.04%), while Cohen & Steers Asia Ltd reports 0 shares.
The filing states these securities are held for the benefit of account holders and that the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. Cohen & Steers, Inc. reports a 100% interest in the named subsidiaries.
Positive
- None.
Negative
- None.
Insights
TL;DR: A single reporting group holds a material, passive stake in HPP—disclosure is material but presented as non-control.
The Cohen & Steers group reports an aggregate beneficial position of 64,515,605 shares (17.02%), with the investment adviser affiliate holding 63,726,801 shares (16.81%). For investors, this is a material ownership disclosure because stakes above 5% warrant attention for governance and liquidity implications. The filing explicitly states the holdings are for account holders and were not acquired to change control, consistent with a Schedule 13G passive reporting posture. The filing also quantifies sole voting and dispositive powers, which confirms the reporting persons exercise direct control over voting and disposition of these shares on behalf of accounts.
TL;DR: Substantial concentrated ownership exists, but the filer certifies passive intent; watch for potential governance influence despite passive claim.
The document shows concentrated ownership by one reporting group with sole voting power figures (e.g., 50,283,256 votes for Cohen & Steers, Inc.). Although the filing contains a certification that the interests are held in the ordinary course and not to influence control, the size of the stake is material and could affect shareholder votes if positions align. The filing transparently identifies subsidiary relationships and that securities are held for the benefit of account holders, but it does not identify the underlying account holders, which is standard for investment-adviser-held assets.