Philosophy Capital and Jacob Rubin disclose 6.8% stake in Hudson Pacific (HPP)

Rhea-AI Filing Summary

Hudson Pacific Properties, Inc. Schedule 13G filing reports that Philosophy Capital Management LLC and Jacob Rubin beneficially own 3,688,281 shares of Common Stock, representing 6.8% of the class.

The ownership percentage is calculated using 54,242,024 shares outstanding as of May 1, 2026, per the issuer's Form 10-Q for the quarter ended March 31, 2026. The filing shows shared voting and dispositive power of 3,688,281 shares between Philosophy and Mr. Rubin and includes an agreement regarding joint filing.

Insights

Institutional Ownership Analyst

Large passive stake reported: 3,688,281 shares (6.8%).

The filing states that Philosophy Capital Management LLC and Jacob Rubin share voting and dispositive power over 3,688,281 shares, equal to 6.8% of the common stock based on May 1, 2026 outstanding shares. This identifies a visible position without an explicit activist intent.

Future disclosures or amendments would clarify any planned transactions; cash‑flow treatment is not described in the excerpt.

Securities Compliance Counsel

Schedule 13G joint filing and disclaimers are standard compliance steps.

The cover shows joint filing by Philosophy and Mr. Rubin and includes disclaimers that each reports beneficial ownership only to the extent of pecuniary interest. The exhibit references an agreement regarding joint filing of a Schedule 13D/13G statement.

Reporting mechanics appear consistent with passive investor reporting; any change in intent would typically require amendment to a Schedule 13D.

Key Figures

Beneficially owned shares: 3,688,281 shares Percent of class: 6.8% Shares outstanding used: 54,242,024 shares

3 metrics

Beneficially owned shares 3,688,281 shares Amount reported for Philosophy Capital and Jacob Rubin

Percent of class 6.8% Calculated using shares outstanding as of <date>May 1, 2026</date>

Shares outstanding used 54,242,024 shares Outstanding shares cited from Form 10-Q for quarter ended March 31, 2026

Key Terms

Schedule 13G, Beneficially own, Shared dispositive power

3 terms

Schedule 13G regulatory

"Schedule 13G filing reports beneficial ownership and is used by passive investors"

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.

Beneficially own financial

"Amount beneficially owned: The response to Row 9 of the cover page for each reporting person"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

Shared dispositive power regulatory

"Shared Dispositive Power 3,688,281.00"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Hudson Pacific Properties, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

444097406

(CUSIP Number)

03/31/2026

(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 3,688,281.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,688,281.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,688,281.00

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)

6.8 %

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 3,688,281.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,688,281.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,688,281.00

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)

6.8 %

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 Number(s): 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:	05/14/2026

Jacob Rubin

Signature:	/s/ Jacob Rubin
Name/Title:	Reporting person
Date:	05/14/2026

Exhibit Information

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

FAQ

What stake does Philosophy Capital hold in Hudson Pacific (HPP)?

Philosophy Capital and Jacob Rubin report beneficial ownership of 3,688,281 shares, equal to 6.8% of the class. The percentage uses 54,242,024 shares outstanding as of May 1, 2026, per the issuer's Form 10-Q for the quarter ended March 31, 2026.

Does the Schedule 13G filing show voting or dispositive power for the shares?

Yes. The filing shows shared voting power and shared dispositive power of 3,688,281 shares for both Philosophy Capital and Jacob Rubin. Sole voting or dispositive power is reported as 0.00 in the cover data.

Is the 6.8% ownership considered passive under this filing?

The filing is a Schedule 13G, which is used for passive investors; it includes disclaimers that the reporting persons claim ownership only to their pecuniary interest. The document does not state any activist intent or plans to change control positions.

What is the basis for the percentage calculation in the filing?

The percentage is calculated using 54,242,024 shares outstanding as of May 1, 2026, cited from the issuer's Form 10-Q for the quarter ended March 31, 2026. That outstanding-share figure is referenced in the cover-page comments.