WCM Investment Mgmt Updates Atlassian Stake as of Dec 31, 2023

TL;DR

**WCM Investment Management just updated its Atlassian holdings, signaling its latest conviction in the stock.**

AI Summary

WCM Investment Management, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership in Atlassian Corp (NASDAQ: TEAM) as of December 31, 2023. This filing indicates a change in their beneficial ownership, which is important for investors as it shows a significant institutional investor's updated position in the company, potentially signaling their confidence or lack thereof in Atlassian's future performance.

Why It Matters

This filing reveals WCM Investment Management's updated stake in Atlassian, offering insight into a major institutional investor's current view of the company, which can influence other investors' decisions.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently introduce new risks to the company or its investors.

Analyst Insight

Investors should note WCM Investment Management's updated position in Atlassian Corp as of December 31, 2023, and consider it as one data point among many when evaluating their own investment thesis for Atlassian. Further analysis of WCM's previous filings would be needed to determine if this represents an increase or decrease in their stake.

Key Players & Entities

• WCM Investment Management, LLC (company) — the reporting person filing the SC 13G/A
• Atlassian Corp (company) — the subject company whose securities are being reported
• Delaware (company) — place of organization for WCM Investment Management, LLC
• December 31, 2023 (date) — the date of the event requiring the filing
• January 30, 2024 (date) — the filing date of the SC 13G/A

FAQ

Filing Documents

• formsc13ga.htm (SC 13G/A) — 24KB
• 0001062993-24-001553.txt ( ) — 25KB

Ownership

Item 4. Ownership Page 3 of 5 (a) Amount Beneficially Owned: 9,640,536 (b) Percent of Class: 6.2% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 9,640,536 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 9,640,536 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

Ownership of more than Five Percent on Behalf of Another Person

Item 6. Ownership of more than Five Percent on Behalf of Another Person. Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.

Identification and classification of members of the group

Item 8. Identification and classification of members of the group.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group.

Certifications

Item 10. Certifications. Page 4 of 5 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. Dated: January 30, 2024 /s/ Signature Name/Title David J. Joerger, Chief Compliance Officer The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Page 5 of 5