HWCM Reports 293,525 Shares (10.67%) of Hudson Global on Schedule 13G/A

Rhea-AI Filing Summary

Hotchkis and Wiley Capital Management, LLC reported beneficial ownership of 293,525 shares of Hudson Global, Inc., equal to 10.67% of the company's common stock as of the event date 06/30/2025. The filing shows HWCM has sole voting power over 247,725 shares and sole dispositive power over 293,525 shares.

The Schedule 13G/A is filed in HWCM's capacity as an investment adviser (IA). The filing includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence the control of the issuer. The statement notes certain HWCM clients retain voting power over some shares. The filing is signed by Tina H. Kodama, Chief Compliance Officer, dated 08/13/2025.

Positive

• Beneficial ownership of 293,525 shares (10.67%) reported, exceeding the 5% materiality threshold
• Filer classifies holdings as ordinary-course passive investment and certifies they were not acquired to influence control

Negative

• Voting power limited to 247,725 shares while dispositive power covers 293,525 shares, indicating a gap between voting and disposition
• Certain clients retain voting power, meaning HWCM may not control all voting decisions for the shares it can dispose of

Insights

Securities Analyst

TL;DR: HWCM disclosed a material passive stake of 10.67% in Hudson Global, with dispositive power exceeding voting power.

From a securities-analysis perspective, the filing documents a >5% position that is reported on Schedule 13G/A, indicating a passive investment posture rather than an active control pursuit. The discrepancy between sole dispositive power (293,525 shares) and sole voting power (247,725 shares) is explicitly disclosed, and the filing states some clients retain voting authority. These facts are material for holdings transparency and shareholder base composition but do not, per the filing, indicate an intent to influence corporate control.

Corporate Governance Expert

TL;DR: This is a material disclosure of ownership for governance records; the filer affirms no intent to change control.

The Schedule 13G/A records a significant ownership position that must be considered in the issuer's governance register. The filing explicitly classifies HWCM as an investment adviser and includes the required certification that shares were acquired and are held in the ordinary course of business and not to affect control. The note that certain clients retain voting power is important for understanding who actually exercises voting rights versus who holds dispositive authority.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 18)

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

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: Hotchkis and Wiley Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 601 S. Figueroa Street, 39th Fl, Los Angeles, CA 90017
(c)	Citizenship: 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: 293,525
(b)	Percent of class: 10.67 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 247,725
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 293,525
	(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.
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:	08/13/2025

FAQ

Who filed the Schedule 13G/A for Hudson Global (HSON)?

The filing was made by Hotchkis and Wiley Capital Management, LLC.

How many Hudson Global shares does HWCM beneficially own?

HWCM reports beneficial ownership of 293,525 shares, representing 10.67% of the class.

What voting and dispositive powers does HWCM report for HSON shares?

The filing reports sole voting power of 247,725 shares and sole dispositive power of 293,525 shares.

Was the stake filed as passive or intended to influence control?

The Schedule 13G/A is filed in HWCM's capacity as an investment adviser (IA) and the filer certifies the securities were not acquired to change or influence control.

When was the event date and when was the filing signed?

The event date triggering the filing is 06/30/2025 and the statement was signed on 08/13/2025 by Tina H. Kodama, Chief Compliance Officer.