Hotchkis & Wiley Capital Management Acquires 5.07% Passive Stake in Workday, Inc. (WDAY)

On May 15, 2026, Hotchkis & Wiley Capital Management, LLC (HWCM) filed a Schedule 13G with the SEC, reporting a new 5.07% passive ownership stake in Workday, Inc. (WDAY). As of the event date on March 31, 2026, the investment adviser beneficially owned 10,655,733 shares of Class A Common Stock. According to the filing, HWCM holds sole dispositive power over all 10,655,733 shares but maintains sole voting power over a slightly lower amount of 9,903,488 shares. This discrepancy is due to certain clients retaining voting rights over their respective shares. The filing clarifies that the securities are owned of record by HWCM's clients, who have the right to receive dividends and sale proceeds. No individual client is known to hold more than 5% of the class. This acquisition was made in the ordinary course of business and is not intended to influence or change the control of the issuer. This represents a significant increase from a previously reported 0.0% position.