SCHEDULE: Durable Capital Partners Boosts Colliers Stake

Durable Capital Partners LP reports a 7.4% passive stake in Colliers International Group Inc. through its Subordinate Voting Shares.

Summary

• Durable Capital Partners LP, a Delaware limited partnership, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Colliers International Group Inc.
• As an investment adviser, Durable Capital Partners LP beneficially owns 3,625,501 Subordinate Voting Shares of Colliers International Group Inc.
• This ownership represents 7.4% of the class, calculated based on 49,297,832 outstanding shares as reported by Colliers on May 9, 2025.
• The shares are directly held by Durable Capital Master Fund LP, with Durable Capital Partners LP exercising sole voting and dispositive power.
• The acquisition was made in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a significant passive investment by a reputable firm, which is generally a positive signal of confidence in the issuer. No negative information is presented.

Positives

• A significant institutional investor, Durable Capital Partners LP, has taken a substantial 7.4% stake in Colliers International Group Inc., indicating confidence in the company's value.
• The investment is stated to be for passive purposes, suggesting a long-term view rather than an activist agenda.

Future Outlook

The filing does not provide forward-looking statements or guidance from Colliers International Group Inc. It solely reports a change in beneficial ownership by an institutional investor.

Management Comments

• The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

This filing indicates an institutional investor's increased stake in a global real estate services and investment management company. Such investments can signal confidence in the real estate sector's long-term prospects or specific growth opportunities within Colliers International Group Inc., which operates in a competitive global market for commercial real estate services.

Comparison to Industry Standards

• This filing is a standard disclosure of beneficial ownership by a passive investor. It does not contain performance metrics or operational results for Colliers International Group Inc. that would allow for a direct comparison to industry standards or specific comparable companies like CBRE Group, JLL, or Cushman & Wakefield.
• The 7.4% stake is a significant holding for a passive investor, placing Durable Capital Partners LP among the larger institutional shareholders.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by an institutional investor may be viewed positively, potentially increasing investor confidence and demand for the stock.
• Management: The passive nature of the investment suggests no immediate pressure for strategic or operational changes from this investor.

Next Steps

• No specific future actions or milestones are mentioned for Colliers International Group Inc. in this filing. Durable Capital Partners LP will continue to monitor its investment and may file further amendments if its ownership percentage changes significantly.

Key Dates

Recommendation

The filing indicates a significant passive stake by a reputable institutional investor, Durable Capital Partners LP, in Colliers International Group Inc. This suggests a vote of confidence in the company's long-term prospects from a sophisticated investor. However, the filing itself does not provide new operational or financial performance data to warrant a 'buy' or 'sell' recommendation. It primarily confirms a substantial ownership position, which is generally a positive signal but not a direct catalyst for immediate action beyond maintaining existing positions.

Keywords

Colliers International Group Inc., Durable Capital Partners LP, Schedule 13G, Beneficial Ownership, Subordinate Voting Shares, Real Estate Services, Investment Management, Institutional Investor