Artisan Partners reports beneficial ownership of 28,796,203 common shares of Axalta Coating Systems Ltd., representing 13.5% of the class. The filing states this percentage is based on 213,373,942 shares outstanding as of 02/06/2026.
The shares are held across related Artisan entities with 27,735,706 shares of shared voting power and 28,796,203 shares of shared dispositive power. The filing specifies 14,603,175 shares are held on behalf of Artisan Funds and that the shares were acquired on behalf of discretionary clients of Artisan Partners Limited Partnership.
Positive
None.
Negative
None.
Insights
Large passive holding reported by a multi-entity investment group.
The filing shows a disclosed beneficial position of 28,796,203 shares (13.5%) held across Artisan entities, with shared voting and dispositive power described. The position is reported on behalf of discretionary clients of Artisan Partners Limited Partnership.
This structure is typical for investment advisers managing pooled client accounts; subsequent filings could show changes if clients trade or reporting thresholds are crossed.
Filing clarifies voting and disposition relationships among related Artisan entities.
The excerpt lists the allocation of shared voting power (27,735,706) and shared dispositive power (28,796,203) among Artisan Partners affiliates and explains the adviser/general partner relationships. It also identifies Artisan Partners Funds, Inc. as holding 14,603,175 shares.
For governance impact, note the 13.5% stake is large enough to warrant attention to proxy and voting items; any change in voting alignment among clients could affect outcomes disclosed in future filings.
Key Figures
Beneficial ownership:28,796,203 sharesPercent of class:13.5%Shares outstanding:213,373,942 shares+2 more
5 metrics
Beneficial ownership28,796,203 sharesreported in Schedule 13G/A amendment
Percent of class13.5%based on shares outstanding as of 02/06/2026
Shares outstanding213,373,942 sharesas of 02/06/2026 (basis for percent)
Shared voting power27,735,706 sharesshared voting power reported for Artisan entities
Artisan Funds holdings14,603,175 sharesheld on behalf of Artisan Partners Funds, Inc.
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 dispositive powerregulatory
"Shared Dispositive Power 28,796,203.00"
Schedule 13G/Aregulatory
"Form type: SCHEDULE 13G/A (Amendment No. 2)"
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.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
AXALTA COATING SYSTEMS LTD.
(Name of Issuer)
Common Shares
(Title of Class of Securities)
G0750C108
(CUSIP Number)
03/31/2026
(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
27,735,706.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
28,796,203.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
28,796,203.00
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)
13.5 %
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
27,735,706.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
28,796,203.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
28,796,203.00
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)
13.5 %
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
27,735,706.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
28,796,203.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
28,796,203.00
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)
13.5 %
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
27,735,706.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
28,796,203.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
28,796,203.00
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)
13.5 %
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
14,603,175.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,603,175.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,603,175.00
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)
6.8 %
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.
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:
28,796,203
(b)
Percent of class:
13.5% (based on 213,373,942 shares outstanding as of 02/06/2026)
(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:
27,735,706
(iii) Sole power to dispose or to direct the disposition of:
None
(iv) Shared power to dispose or to direct the disposition of:
28,796,203
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 28,796,203 shares, including 14,603,175 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:
05/13/2026
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:
05/13/2026
Artisan Investments GP LLC
Signature:
/s/ Gregory K. Ramirez
Name/Title:
Gregory K. Ramirez, Vice President of Artisan Investments GP LLC
Date:
05/13/2026
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:
05/13/2026
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:
05/13/2026
Exhibit Information
Exhibit Index
Exhibit 1 - Joint Filing Agreement dated 5/13/2026 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.
Artisan Partners reports 28,796,203 shares, equal to 13.5% of common shares. This percentage is based on 213,373,942 shares outstanding as of 02/06/2026 and is disclosed in the Schedule 13G/A amendment.
How is voting power allocated among the Artisan entities?
The filing lists 27,735,706 shares as shared voting power across Artisan entities and 28,796,203 as shared dispositive power, reflecting adviser and affiliated‑entity relationships described in the filing.
Are the shares held for specific Artisan funds?
Yes. The filing states 14,603,175 shares are held on behalf of Artisan Funds, and the remaining shares are held for discretionary clients of Artisan Partners Limited Partnership.
Does the filing indicate who receives proceeds or dividends?
The Schedule 13G/A states that persons other than APLP are entitled to receive dividends and proceeds from sale for the reported shares, with holdings acquired on behalf of discretionary clients of APLP.
When was the Schedule 13G/A signed?
The amendment was signed on 05/13/2026 by Gregory K. Ramirez in multiple capacities for the Artisan entities, as shown on the signature page of the filing.
