Victory Capital reports 3.67% stake in Hub Group (HUBG) — 2.22M shares

Rhea-AI Filing Summary

Victory Capital Management reports beneficial ownership of 2,221,768 shares of Hub Group, Inc. common stock, representing 3.67% of the class. The filing (Amendment No. 1) states Victory Capital has sole voting power over 2,207,893 shares and sole dispositive power over 2,221,768 shares. The filing affirms the holdings are not intended to influence control.

Insights

Institutional Ownership Analyst

Passive manager reports a sub-5% stake with sole voting and dispositive power.

Victory Capital shows 2,221,768 shares beneficially owned, or 3.67% of Hub Group common stock. The filing identifies sole voting power for 2,207,893 shares and sole dispositive power for 2,221,768.

The statement that holdings "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control" signals a passive position under the filing's language; subsequent disclosures would be required if the position or intent changes.

Key Figures

Beneficial ownership: 2,221,768 shares Percent of class: 3.67% Sole voting power: 2,207,893 shares +2 more

5 metrics

Beneficial ownership 2,221,768 shares reported in Schedule 13G/A Amendment No.1

Percent of class 3.67% percent of Hub Group common stock

Sole voting power 2,207,893 shares as stated in Item 4(c)(i)

Sole dispositive power 2,221,768 shares as stated in Item 4(c)(iii)

CUSIP 443320106 Hub Group common stock identifier

Key Terms

Schedule 13G/A, Beneficially owned, Sole dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment No. 1 to Schedule 13G is referenced on the cover"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned regulatory

"Item 4(a) states 'Amount beneficially owned: 2,221,768.00'"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Item 4(c)(iii) lists 'Sole power to dispose ... 2,221,768.00'"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 09:51 AM Learn about SEC filing dates

FAQ

What stake does Victory Capital report in HUBG?

Victory Capital reports beneficial ownership of 2,221,768 shares, equal to 3.67% of Hub Group's common stock. The filing lists sole voting power for 2,207,893 shares and sole dispositive power for 2,221,768 shares.

Does Victory Capital intend to influence Hub Group's control?

The filer certifies the shares "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control" of the issuer. The filing therefore presents the position as non-control and passive under its statements.

What form was filed for the Hub Group disclosure (HUBG)?

The disclosure is an Amendment No. 1 to Schedule 13G for Hub Group common stock (CUSIP 443320106). It amends beneficial ownership details and includes voting and dispositive power counts.

Who signed the Schedule 13G/A for Victory Capital?

The filing is signed by Sean Fox, Chief Compliance Officer, who certified the regulatory comparability statement and the passive intent language on behalf of Victory Capital Management, Inc.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Hub Group, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

443320106

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 443320106

1

Names of Reporting Persons

Victory Capital Management, 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

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,207,893.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,221,768.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,221,768.00

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)

3.67 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hub Group, Inc.
(b)	Address of issuer's principal executive offices: 2001 Hub Group Way Oak Brook, IL 60523
Item 2.
(a)	Name of person filing: Victory Capital Management, Inc.
(b)	Address or principal business office or, if none, residence: 15935 La Cantera Pkwy San Antonio, TX 78256
(c)	Citizenship: New York
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 443320106
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: 2,221,768.00
(b)	Percent of class: 3.67 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,207,893.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,221,768.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Victory Capital Management, Inc. is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.

Victory Capital Management, Inc.

Signature:	Sean Fox
Name/Title:	Chief Compliance Officer
Date:	05/12/2026