Vanguard Owns 38.45M Shares of Hudson Pacific Properties (10.14%)

Rhea-AI Filing Summary

Hudson Pacific Properties is reported to be 10.14% owned by The Vanguard Group, which beneficially holds 38,453,976 shares of common stock. Vanguard reports 35,691,884 shares of sole dispositive power and 2,365,830 shares of shared voting power, with no sole voting power. The filing states these shares are held in the ordinary course of business and not to influence control of the issuer. The Schedule 13G/A identifies Vanguard as an investment adviser-type filer (type IA) and discloses that clients of Vanguard may have the right to receive dividends or sale proceeds while no single client holds more than 5%.

Positive

• The Vanguard Group holds a sizable 10.14% passive stake, signaling strong institutional interest
• Majority dispositive control is reported as sole dispositive power of 35,691,884 shares, indicating clear asset management authority

Negative

• No sole voting power reported (0 shares), which may limit unilateral influence on corporate votes
• Shared voting power is 2,365,830, implying voting outcomes depend on coordination with others

Insights

Institutional Ownership Analyst

Vanguard holds a material passive stake of 10.14% in HPP.

Vanguard reports beneficial ownership of 38,453,976 shares, representing 10.14% of the class, with substantial sole dispositive power (35,691,884) but no sole voting power. That mix indicates voting authority is largely exercised via shared arrangements or client-directed accounts rather than a single discretionary voting block.

Key dependencies include how Vanguard's client-managed accounts exercise voting rights and whether any client-level holdings approach the 5% threshold; the filing states no single other person exceeds 5%. Monitor subsequent filings for changes in the 38.45M stake or voting power shifts within the next reporting cycle.

Regulatory Compliance Specialist

Filing is a routine Schedule 13G/A disclosure by an investment adviser, asserting passive intent.

The statement certifies holdings were acquired in the ordinary course of business and not to change or influence control, consistent with a passive Schedule 13G classification for an investment adviser (type IA). The form includes the required breakdown of voting and dispositive powers and a standard client-disclosure paragraph.

Compliance risk is low given the explicit certification and the absence of sole voting power. Watch for any amendment that would convert this to a Schedule 13D or disclose activist intent, which would indicate a change in purpose.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 16)

Hudson Pacific Properties Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

444097109

(CUSIP Number)

09/30/2025

(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. 444097109

1

Names of Reporting Persons

The Vanguard Group

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

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,365,830.00
7	Sole Dispositive Power 35,691,884.00
8	Shared Dispositive Power 2,762,092.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

38,453,976.00

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)

10.14 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hudson Pacific Properties Inc
(b)	Address of issuer's principal executive offices: 11601 Wilshire Blvd, 9th Floor, Los Angeles, CA, 90025
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 444097109
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: 38453976
(b)	Percent of class: 10.14 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2365830
	(iii) Sole power to dispose or to direct the disposition of: 35691884
	(iv) Shared power to dispose or to direct the disposition of: 2762092
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. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
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.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	10/06/2025

FAQ

What stake does The Vanguard Group report in HPP?

The Vanguard Group reports beneficial ownership of 38,453,976 shares, equal to 10.14% of the class.

Does Vanguard have voting control over HPP shares?

Vanguard reports 0 shares of sole voting power and 2,365,830 shares of shared voting power, so it does not have unilateral voting control.

How much sole dispositive power does Vanguard report for HPP?

Vanguard reports 35,691,884 shares of sole dispositive power (the ability to direct sale of the shares).

Is this filing asserting activist or control intent for HPP?

No. The filing certifies the securities were acquired and are held in the ordinary course of business and not to influence control of the issuer.

Are any Vanguard clients reported to hold more than 5% of HPP?

The filing states that no single other person's interest in the securities reported is more than 5%.