DNB Asset Management AS Reports 5.6% Passive Stake in Atlassian Corporation

DNB Asset Management AS has filed a Schedule 13G with the SEC, reporting a significant new position in Atlassian Corporation (TEAM). As of the event date on March 31, 2026, the Oslo-based investment adviser disclosed beneficial ownership of 8,077,726 shares of Class A Common Stock. This position represents approximately 5.6% of the company's outstanding shares. The filing indicates that DNB Asset Management AS holds sole voting and dispositive power over the entirety of these shares. The acquisition was made in the ordinary course of business, as indicated by the Rule 13d-1(b) designation, signifying a passive investment intent rather than an attempt to influence or change the control of the issuer. This filing marks a notable increase from the previous reporting period where the holder's ownership was 0.0%. The reporting person is a non-U.S. institution, specifically an investment adviser organized under the laws of Norway.