HWCM reports 293,525 Hudson Global shares; fund holds 134,360 (4.88%)

Rhea-AI Filing Summary

Hotchkis and Wiley Capital Management, LLC and the Hotchkis and Wiley Small Cap Value Fund filed an amended Schedule 13G reporting beneficial ownership of Hudson Global, Inc. common stock. HWCM reports beneficial ownership of 293,525 shares, equal to 10.67% of the class, with sole dispositive power over those shares and sole voting power for 247,725 shares. The Hotchkis and Wiley Small Cap Value Fund separately holds 134,360 shares, or 4.88%. The filing states the shares were acquired in the ordinary course of business and HWCM disclaims ownership for client accounts where clients retain voting power. The schedule is signed by Tina H. Kodama on 10/07/2025.

Insights

Institutional Investor Relations

Large passive stake reported; adviser retains dispositive control for clients.

Hotchkis and Wiley Capital Management reports beneficial ownership of 293,525 shares, representing 10.67% of Hudson Global, Inc., while a related fund holds 134,360 shares (4.88%). The filing clarifies that HWCM, as investment adviser, has sole dispositive power over certain shares though some clients retain voting power, and HWCM disclaims ownership where applicable.

The primary dependencies are client voting arrangements and whether any client holds >5% individually; the filing states no client is known to hold >5% separately. Monitor filings for any future changes in reported percentages or statements indicating coordinated group action within the next 12 months.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 19)

Hudson Global, Inc.

(Name of Issuer)

Common Stock $0.01 par value

(Title of Class of Securities)

443787205

(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. 443787205

1

Names of Reporting Persons

Hotchkis and Wiley 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 247,725.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 293,525.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

293,525.00

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)

10.67 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 443787205

1

Names of Reporting Persons

Hotchkis and Wiley Small Cap Value Fund

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 134,360.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 134,360.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

134,360.00

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)

4.88 %

12

Type of Reporting Person (See Instructions)

IV

Comment for Type of Reporting Person: Hotchkis and Wiley Small Cap Value Fund - Ownership of 5 percent or less of a class

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hudson Global, Inc.
(b)	Address of issuer's principal executive offices: 53 FOREST AVENUE, OLD GREENWICH, CT, 06870
Item 2.
(a)	Name of person filing: a) Hotchkis and Wiley Capital Management, LLC b) Hotchkis and Wiley Small Cap Value Fund
(b)	Address or principal business office or, if none, residence: a) Hotchkis and Wiley Capital Management, LLC: 601 S. Figueroa Street, 39th Fl, Los Angeles, CA 90017 b) Hotchkis and Wiley Small Cap Value Fund: 601 S. Figueroa Street, 39th Fl, Los Angeles, CA 90017
(c)	Citizenship: a) Delaware b) Delaware
(d)	Title of class of securities: Common Stock $0.01 par value
(e)	CUSIP No.: 443787205
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: a) 293,525 (Ownership disclaimed pursuant to Section 13d-4 of the 1934 Act) (includes ownership reported in 4(a)(b) below) b) 134,360
(b)	Percent of class: a) 10.67% (includes ownership reported in 4(b)(b) below) b) 4.88%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: a) 247,725 (includes ownership reported in 4(c)(i)(b) below) b) 134,360
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: a) 293,525 (includes ownership reported in 4(c)(iii)(b) below) b) 134,360
	(iv) Shared power to dispose or to direct the disposition of: 0 Note that certain of HWCM's clients have retained voting power over the Common Shares that they beneficially own. Accordingly, HWCM has the power to dispose of more Common Shares than it can vote.
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 securities as to which this Schedule is filed by HWCM, in its capacity as investment adviser, are owned of record by clients of HWCM. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities. Hotchkis and Wiley Small Cap Value Fund - Ownership of 5 percent or less of a class.
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.

Hotchkis and Wiley Capital Management, LLC

Signature:	Tina H. Kodama
Name/Title:	Tina H. Kodama | Chief Compliance Officer
Date:	10/07/2025

Hotchkis and Wiley Small Cap Value Fund

Signature:	Tina H. Kodama
Name/Title:	Tina H. Kodama | Authorized Person of Investment Advisor (Hotchkis & Wiley Capital Management, LLC), Chief Compliance Officer
Date:	10/07/2025

Exhibit Information

Exhibit A The Board of Trustees of the Hotchkis and Wiley Small Cap Value Fund can direct the disposition of dividends received by such fund and can dispose of such securities. HWCM disclaims ownership of securities for all clients. Exhibit B The undersigned investment company hereby acknowledges and agrees that a report on Schedule 13G filed by Hotchkis and Wiley Capital Management, LLC on or about the date hereof, relating to the Common Stock of Hudson Global, Inc. is filed on behalf of the undersigned. Dated: October 7, 2025 Hotchkis and Wiley Small Cap Value Fund By: Tina H. Kodama Name: Tina H. Kodama Title: Chief Compliance Officer Hotchkis & Wiley Capital Management, LLC Investment Advisor to the Hotchkis & Wiley Small Cap Value Fund

FAQ

What stake does Hotchkis and Wiley report in Hudson Global (HSON)?

Hotchkis and Wiley Capital Management reports beneficial ownership of 293,525 shares, equal to 10.67% of the outstanding common stock.

How many Hudson Global shares does the Hotchkis and Wiley Small Cap Value Fund hold?

The Hotchkis and Wiley Small Cap Value Fund holds 134,360 shares, or 4.88% of the class.

Does HWCM claim voting control over the shares in HSON?

HWCM reports sole voting power for 247,725 shares and notes some clients retain voting power; HWCM disclaims ownership where clients retain voting control.

When was the Schedule 13G filed and signed?

The filing is dated and signed by Tina H. Kodama on 10/07/2025.

Was the ownership reported as intended to influence control of Hudson Global (HSON)?

The certifying statement indicates the securities were not acquired or held for the purpose of changing or influencing control and were acquired in the ordinary course of business.