Artisan Partners group (NYSE: AXTA) discloses 31.7M-share, 14.8% Axalta stake

Rhea-AI Filing Summary

Artisan Partners Asset Management Inc. and related entities report passive ownership of 31,733,342 common shares of Axalta Coating Systems Ltd., representing 14.8% of the class. This percentage is based on 214,018,768 shares outstanding as of April 23, 2026.

The group reports no sole voting or dispositive power, but has shared voting power over 30,477,787 shares and shared dispositive power over 31,733,342 shares. Artisan Partners Limited Partnership is the investment adviser, holding these shares on behalf of discretionary clients, including 15,995,966 shares held for Artisan Partners Funds, Inc. Dividends and sale proceeds are payable to clients rather than to Artisan Partners itself.

Key Figures

Beneficial ownership: 31,733,342 shares Ownership percentage: 14.8% Shares outstanding baseline: 214,018,768 shares +4 more

7 metrics

Beneficial ownership 31,733,342 shares Common shares of Axalta Coating Systems Ltd. beneficially owned by Artisan group

Ownership percentage 14.8% Portion of Axalta common shares beneficially owned, based on 214,018,768 shares outstanding

Shares outstanding baseline 214,018,768 shares Axalta common shares outstanding as of 04/23/2026 used to calculate ownership percentage

Shared voting power 30,477,787 shares Axalta shares over which the reporting group has shared power to vote or direct the vote

Shared dispositive power 31,733,342 shares Axalta shares over which the reporting group has shared power to dispose or direct disposition

Artisan Funds holdings 15,995,966 shares Axalta shares held on behalf of Artisan Partners Funds, Inc., equal to 7.5% of the class

Artisan Funds ownership percentage 7.5% Portion of Axalta common shares beneficially owned by Artisan Partners Funds, Inc.

Key Terms

beneficially owned, shared voting power, shared dispositive power, Investment Company Act of 1940, +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 31,733,342"

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 Voting Power 30,477,787.00 7 | Sole Dispositive Power 0.00"

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

"8 | Shared Dispositive Power 31,733,342.00 9 31,733,342.00"

Investment Company Act of 1940 regulatory

"Artisan Partners Funds, Inc. is an Investment Company under section 8 of the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

Investment Advisers Act of 1940 regulatory

"Artisan Partners Limited Partnership is 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

How much of Axalta (AXTA) does Artisan Partners beneficially own?

Artisan-related entities report beneficial ownership of 31,733,342 Axalta common shares, representing 14.8% of the class. This is based on 214,018,768 shares outstanding as of April 23, 2026, as disclosed in the Schedule 13G/A.

Who is the reporting group in this Axalta (AXTA) Schedule 13G/A amendment?

The reporting group comprises Artisan Partners Asset Management Inc., Artisan Partners Holdings LP, Artisan Investments GP LLC, Artisan Partners Limited Partnership, and Artisan Partners Funds, Inc. All are affiliated entities with a common business address in Milwaukee, Wisconsin.

What voting power does Artisan report over Axalta (AXTA) shares?

The group reports no sole voting power and shared voting power over 30,477,787 Axalta shares. It also reports no sole dispositive power but shared dispositive power over 31,733,342 shares held for its advisory clients.

How many Axalta (AXTA) shares are held through Artisan Partners Funds, Inc.?

Within the total reported holdings, 15,995,966 Axalta shares are held on behalf of Artisan Partners Funds, Inc.. These shares form part of the 31,733,342 shares managed by Artisan Partners Limited Partnership for discretionary clients.

On whose behalf are the Axalta (AXTA) shares held by Artisan Partners?

The 31,733,342 Axalta shares are held on behalf of discretionary clients of Artisan Partners Limited Partnership. According to the disclosure, persons other than APLP are entitled to receive all dividends and sale proceeds from these securities.

What percentage of Axalta (AXTA) is held by Artisan Partners Funds, Inc. alone?

Artisan Partners Funds, Inc. reports beneficial ownership of 15,995,966 Axalta shares, equal to 7.5% of the common shares. This stake is part of the broader 14.8% position reported by the affiliated Artisan group entities.

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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. 3)

AXALTA COATING SYSTEMS LTD.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

G0750C108

(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): G0750C108

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 30,477,787.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 31,733,342.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

31,733,342.00

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)

14.8 %

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): G0750C108

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 30,477,787.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 31,733,342.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

31,733,342.00

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)

14.8 %

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): G0750C108

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 30,477,787.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 31,733,342.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

31,733,342.00

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)

14.8 %

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): G0750C108

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 30,477,787.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 31,733,342.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

31,733,342.00

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)

14.8 %

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

CUSIP Number(s): G0750C108

1

Names of Reporting Persons

Artisan Partners Funds, 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

WISCONSIN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 15,995,966.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 15,995,966.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,995,966.00

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)

7.5 %

12

Type of Reporting Person (See Instructions)

IC

Comment for Type of Reporting Person: (d) Artisan Partners Funds, Inc. is an Investment Company under section 8 of the Investment Company Act.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AXALTA COATING SYSTEMS LTD.
(b)	Address of issuer's principal executive offices: 1050 Constitution Avenue, Philadelphia, Pennsylvania 19112
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") Artisan Partners Funds, Inc. ("Artisan Funds")
(b)	Address or principal business office or, if none, residence: APAM, Artisan Holdings, Artisan Investments, APLP, and Artisan Funds 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; Artisan Funds is a Wisconsin corporation
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: G0750C108
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: 31,733,342
(b)	Percent of class: 14.8% (based on 214,018,768 shares outstanding as of 04/23/2026)
(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: 30,477,787
	(iii) Sole power to dispose or to direct the disposition of: None
	(iv) Shared power to dispose or to direct the disposition of: 31,733,342
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The shares reported herein have been acquired on behalf of discretionary clients of APLP; as reported herein, APLP holds 31,733,342 shares, including 15,995,966 shares on behalf of Artisan Funds. Persons other than APLP are entitled to receive all dividends from, and proceeds from the sale of, those shares.
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

Artisan Partners Funds, Inc.

Signature:	/s/ Gregory K. Ramirez
Name/Title:	Gregory K. Ramirez, President and Chief Executive Officer of Artisan Partners Funds, Inc.
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, Artisan Partners Limited Partnership, and Artisan Partners Funds, Inc.