Artisan Partners reports 4.2% stake in Ascendis Pharma

Artisan Partners Asset Management Inc., together with affiliated entities, reports beneficial ownership of Ascendis Pharma A/S ordinary shares.

Rhea-AI Filing Summary

Artisan Partners Asset Management Inc., together with affiliated entities, reports beneficial ownership of Ascendis Pharma A/S ordinary shares. The group beneficially owns 2,634,024 ordinary shares, representing 4.2% of the class, based on 61,977,408 shares outstanding as of May 11, 2026.

The group has shared voting power over 2,422,862 shares and shared dispositive power over all 2,634,024 shares, with no sole voting or dispositive power. The filing states ownership of 5 percent or less of the class and identifies Artisan Partners Limited Partnership as an investment adviser registered under the Investment Advisers Act of 1940.

Key Figures

Beneficially owned shares: 2,634,024 shares Ownership percentage: 4.2% Shares outstanding: 61,977,408 shares +3 more

6 metrics

Beneficially owned shares 2,634,024 shares Ascendis Pharma ordinary shares beneficially owned by the Artisan group

Ownership percentage 4.2% Percent of Ascendis Pharma ordinary share class held by the Artisan group

Shares outstanding 61,977,408 shares Ascendis Pharma shares outstanding as of 05/11/2026 used for ownership calculation

Shared voting power 2,422,862 shares Shares over which the Artisan group has shared power to vote or direct the vote

Shared dispositive power 2,634,024 shares Shares over which the Artisan group has shared power to dispose or direct disposition

Ownership threshold status 5 percent or less Ownership of 5 percent or less of a class reported under Item 5

Key Terms

beneficially owned, shared voting power, shared dispositive power, Investment Advisers Act of 1940

4 terms

beneficially owned financial

"Amount beneficially owned: 2,634,024"

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.

shared voting power financial

"Shared power to vote or to direct the vote: 2,422,862"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared power to dispose or to direct the disposition of: 2,634,024"

Investment Advisers Act of 1940 regulatory

"an investment adviser registered under section 203 of the Investment Advisers Act of 1940"

A U.S. federal law that sets rules for people and firms who give investment advice, requiring them to register with regulators, be honest about conflicts, keep records, and follow basic standards of care. It matters to investors because those rules act like licensing and consumer protections — similar to having safety standards for a mechanic — helping ensure advisers act in clients’ financial interests and reducing the risk of fraud or misuse of funds.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Ascendis Pharma A/S (ASND) shares does Artisan Partners report owning?

Artisan Partners and affiliates report beneficial ownership of 4.2% of Ascendis Pharma A/S ordinary shares, based on 61,977,408 shares outstanding as of May 11, 2026, with holdings of 2,634,024 shares.

How many Ascendis Pharma (ASND) shares are beneficially owned by Artisan Partners?

Artisan Partners and related entities beneficially own 2,634,024 Ascendis Pharma ordinary shares. This stake represents 4.2% of the outstanding class, calculated using 61,977,408 shares outstanding as of May 11, 2026.

What voting power does Artisan Partners have over Ascendis Pharma (ASND) shares?

The group reports no sole voting power and shared voting power over 2,422,862 Ascendis Pharma shares. It also has shared dispositive power over 2,634,024 shares and no sole dispositive power.

Is Artisan Partners a more than 5% shareholder of Ascendis Pharma (ASND)?

No. The filing states that Artisan Partners and affiliates hold 4.2% of Ascendis Pharma’s ordinary shares, and explicitly classifies their position as ownership of 5 percent or less of the class.

Which entities are included in Artisan Partners’ Ascendis Pharma (ASND) ownership filing?

The filing covers Artisan Partners Asset Management Inc., Artisan Partners Holdings LP, Artisan Investments GP LLC, and Artisan Partners Limited Partnership, all organized in Delaware and sharing a principal office in Milwaukee, Wisconsin.

What is the role of Artisan Partners Limited Partnership in the Ascendis Pharma (ASND) stake?

Artisan Partners Limited Partnership is identified as an investment adviser registered under section 203 of the Investment Advisers Act of 1940 and is part of the group reporting 2,634,024 Ascendis Pharma shares with shared voting and dispositive power.

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

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Available on EDGAR 08/13/2026 - 04:31 PM Accepted by SEC EDGAR 08/13/2026 - 04:30 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

Ascendis Pharma A/S

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

K08588103

(CUSIP Number)

06/30/2026

(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): K08588103

1

Names of Reporting Persons

Artisan Partners Asset 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,422,862.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,634,024.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,634,024.00

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)

4.2 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: (g) Artisan Partners Holdings LP is the sole limited partner of Artisan Partners Limited Partnership and the sole member of Artisan Investments GP LLC; Artisan Investments GP LLC is the general partner of Artisan Partners Limited Partnership; Artisan Partners Asset Management Inc. is the general partner of Artisan Partners Holdings LP.

SCHEDULE 13G

CUSIP Number(s): K08588103

1

Names of Reporting Persons

Artisan Partners Holdings LP

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 2,422,862.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,634,024.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,634,024.00

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)

4.2 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: (g) Artisan Partners Holdings LP is the sole limited partner of Artisan Partners Limited Partnership and the sole member of Artisan Investments GP LLC; Artisan Investments GP LLC is the general partner of Artisan Partners Limited Partnership; Artisan Partners Asset Management Inc. is the general partner of Artisan Partners Holdings LP.

SCHEDULE 13G

CUSIP Number(s): K08588103

1

Names of Reporting Persons

Artisan Investments GP LLC

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 2,422,862.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,634,024.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,634,024.00

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)

4.2 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: (g) Artisan Partners Holdings LP is the sole limited partner of Artisan Partners Limited Partnership and the sole member of Artisan Investments GP LLC; Artisan Investments GP LLC is the general partner of Artisan Partners Limited Partnership; Artisan Partners Asset Management Inc. is the general partner of Artisan Partners Holdings LP.

SCHEDULE 13G

CUSIP Number(s): K08588103

1

Names of Reporting Persons

Artisan Partners Limited Partnership

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 2,422,862.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,634,024.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,634,024.00

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)

4.2 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: (e) Artisan Partners Limited Partnership is an investment adviser registered under section 203 of the Investment Advisers Act of 1940. (g) Artisan Partners Holdings LP is the sole limited partner of Artisan Partners Limited Partnership and the sole member of Artisan Investments GP LLC; Artisan Investments GP LLC is the general partner of Artisan Partners Limited Partnership; Artisan Partners Asset Management Inc. is the general partner of Artisan Partners Holdings LP.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ascendis Pharma A/S
(b)	Address of issuer's principal executive offices: Tuborg Boulevard 12, DK-2900 Hellerup, Denmark
Item 2.
(a)	Name of person filing: Artisan Partners Asset Management Inc. ("APAM") Artisan Partners Holdings LP ("Artisan Holdings") Artisan Investments GP LLC ("Artisan Investments") Artisan Partners Limited Partnership ("APLP")
(b)	Address or principal business office or, if none, residence: APAM, Artisan Holdings, Artisan Investments, and APLP are all located at: 875 East Wisconsin Avenue, Suite 800 Milwaukee, WI 53202
(c)	Citizenship: APAM is a Delaware corporation; Artisan Holdings is a Delaware limited partnership; Artisan Investments is a Delaware limited liability company; APLP is a Delaware limited partnership
(d)	Title of class of securities: Ordinary Shares
(e)	CUSIP No.: K08588103
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: 2,634,024
(b)	Percent of class: 4.2% (based on 61,977,408 shares outstanding as of 05/11/2026)
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: None
	(ii) Shared power to vote or to direct the vote: 2,422,862
	(iii) Sole power to dispose or to direct the disposition of: None
	(iv) Shared power to dispose or to direct the disposition of: 2,634,024
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.

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.

Artisan Partners Asset Management Inc.

Signature:	/s/ Gregory K. Ramirez
Name/Title:	Gregory K. Ramirez, Executive Vice President of Artisan Partners Asset Management Inc.
Date:	08/13/2026

Artisan Partners Holdings LP

Signature:	/s/ Gregory K. Ramirez
Name/Title:	Gregory K. Ramirez, Executive Vice President of Artisan Partners Asset Management Inc., as the general partner of Artisan Partners Holdings LP
Date:	08/13/2026

Artisan Investments GP LLC

Signature:	/s/ Gregory K. Ramirez
Name/Title:	Gregory K. Ramirez, Vice President of Artisan Investments GP LLC
Date:	08/13/2026

Artisan Partners Limited Partnership

Signature:	/s/ Gregory K. Ramirez
Name/Title:	Gregory K. Ramirez, Vice President of Artisan Investments GP LLC, as the general partner of Artisan Partners Limited Partnership
Date:	08/13/2026

Exhibit Information

Exhibit Index Exhibit 1 - Joint Filing Agreement dated 08/13/2026 by and among Artisan Partners Asset Management Inc., Artisan Partners Holdings LP, Artisan Investments GP LLC, and Artisan Partners Limited Partnership.