Nomura entities disclose 9.4% Sohu.com Ltd (SOHU) ownership stake

Rhea-AI Filing Summary

Nomura Asset Management International Inc. and Nomura Investment Management Business Trust filed a Schedule 13G reporting beneficial ownership of 2,831,951 Sohu.com Ltd ordinary shares, equal to 9.4% of the class. The percentage is based on 30,065,400 ordinary shares outstanding as of December 31, 2024.

The Nomura entities report shared voting and dispositive power over all 2,831,951 shares and no sole power. They certify the holdings were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of Sohu.com Ltd.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Sohu.com Ltd

(Name of Issuer)

Ordinary Shares, par value $0.001 per share

(Title of Class of Securities)

83410S108

(CUSIP Number)

12/31/2025

(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. 83410S108

1

Names of Reporting Persons

NOMURA ASSET MANAGEMENT INTERNATIONAL INC.

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 2,831,951.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,831,951.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,831,951.00

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)

9.4 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The percent of class is calculated based on 30,065,400 Ordinary Shares outstanding as of December 31, 2024, as reported in the Issuer's annual report on Form 20-F for the fiscal quarter ended December 31, 2024 filed with the SEC on March 13, 2025.

SCHEDULE 13G

CUSIP No. 83410S108

1

Names of Reporting Persons

NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST

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 2,831,951.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,831,951.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,831,951.00

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)

9.4 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: The percent of class is calculated based on 30,065,400 Ordinary Shares outstanding as of December 31, 2024, as reported in the Issuer's annual report on Form 20-F for the fiscal quarter ended December 31, 2024 filed with the SEC on March 13, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Sohu.com Ltd
(b)	Address of issuer's principal executive offices: LEVEL 18, SOHU.COM MEDIA PLAZA, BLOCK 3, NO. 2 KEXUEYUAN S. RD., HAIDIAN DISTRICT, BEIJING, CHINA, 100190
Item 2.
(a)	Name of person filing: Nomura Asset Management International Inc. Nomura Investment Management Business Trust This Schedule 13G excludes securities beneficially owned, if any, by Nomura Holdings Inc. and certain of its subsidiaries whose beneficial ownership of securities are disaggregated from that of Nomura Asset Management International Inc. and the advisory entities underneath Nomura Asset Management International Inc. in accordance with SEC Release No. 34-39538 (January 12, 1998).
(b)	Address or principal business office or, if none, residence: Each of Nomura Asset Management International Inc. and Nomura Investment Management Business Trust: 100 Independence 610 Market Street Philadelphia, PA 19106-2354
(c)	Citizenship: Each of Nomura Asset Management International Inc. and Nomura Investment Management Business Trust: Delaware
(d)	Title of class of securities: Ordinary Shares, par value $0.001 per share
(e)	CUSIP No.: 83410S108
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: Items 5-11 of the cover pages are incorporated by reference.
(b)	Percent of class: Items 5-11 of the cover pages are incorporated by reference.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Items 5-11 of the cover pages are incorporated by reference.
	(ii) Shared power to vote or to direct the vote: Items 5-11 of the cover pages are incorporated by reference.
	(iii) Sole power to dispose or to direct the disposition of: Items 5-11 of the cover pages are incorporated by reference.
	(iv) Shared power to dispose or to direct the disposition of: Items 5-11 of the cover pages are incorporated by reference.
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.

NOMURA ASSET MANAGEMENT INTERNATIONAL INC.

Signature:	/s/ Fernando del Puerto
Name/Title:	Fernando del Puerto, Managing Director
Date:	02/17/2026

NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST

Signature:	/s/ Fernando del Puerto
Name/Title:	Fernando del Puerto, Managing Director
Date:	02/17/2026

Exhibit Information

Exhibit A - Joint Filing Agreement

FAQ

What stake in Sohu.com Ltd (SOHU) do the Nomura entities report?

Nomura Asset Management International Inc. and Nomura Investment Management Business Trust report beneficial ownership of 2,831,951 Sohu.com Ltd ordinary shares, representing 9.4% of the class, based on 30,065,400 shares outstanding as of December 31, 2024.

How is the 9.4% ownership in Sohu.com Ltd (SOHU) calculated?

The 9.4% ownership is calculated using 30,065,400 ordinary shares outstanding as of December 31, 2024, as reported in Sohu.com Ltd’s Form 20-F for the fiscal quarter ended December 31, 2024, filed with the SEC on March 13, 2025.

Do the Nomura entities have sole or shared voting power over Sohu.com Ltd (SOHU) shares?

The Nomura entities report 0 shares with sole voting power and 2,831,951 shares with shared voting power. They also report 0 shares with sole dispositive power and 2,831,951 shares with shared dispositive power over Sohu.com Ltd ordinary shares.

What type of SEC filing did the Nomura entities submit for Sohu.com Ltd (SOHU)?

They submitted a Schedule 13G, which is a beneficial ownership report for holders of more than 5% of a class of equity securities. This filing relates to ordinary shares of Sohu.com Ltd with par value $0.001 per share.

Do the Nomura entities state any intent to influence control of Sohu.com Ltd (SOHU)?

They certify the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Sohu.com Ltd, nor in connection with any transaction having that purpose or effect.

Which Nomura entities are included in this Sohu.com Ltd (SOHU) ownership report?

The filing names Nomura Asset Management International Inc. and Nomura Investment Management Business Trust, both organized in Delaware. It notes that it excludes securities beneficially owned, if any, by Nomura Holdings Inc. and certain subsidiaries under a disaggregation framework.