Atlassian shareholders: Who owns the most TEAM stock?
Atlassian Corp Plc (TEAM) is one of the world’s best-known providers of team collaboration software, attracting interest from institutional and retail investors since its 2015 listing.
Atlassian Corp Plc operates within a competitive global technology market and remains closely followed by institutional and retail investors. Since its 2015 IPO, the company has focused on developing collaboration and cloud-based productivity tools that support enterprise operations.
This article explores who owns the most TEAM stock, how the company’s ownership is structured, and the recent developments influencing its business direction.
What is Atlassian (TEAM)?
Atlassian (TEAM) is an Australian software company known for collaboration tools such as Jira, Confluence and Trello, designed to help teams manage projects efficiently. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, the firm generates most of its revenue from subscriptions to its cloud-based software and enterprise support services.
Headquartered in Sydney, Atlassian operates under a dual-class share structure that gives the founders greater voting control. The company went public on the Nasdaq in December 2015, priced at $21 per share. As of 13 November 2025, TEAM trades at around $154.78, with a market capitalisation of about $40.7 billion.
2025 developments
Atlassian has pursued measured growth through acquisitions and product development. On 10 November 2025, the company completed the acquisition of DX, a platform specialising in developer productivity and AI-based engineering insights. The deal is intended to broaden Atlassian’s capabilities in automation and performance analytics within its product suite.
In Q4 2025, Atlassian was listed as a Leader in The Forrester Wave™: Enterprise Service Management Platforms (Q4 2025), based on an independent evaluation of enterprise service software providers.
The company reports serving more than 300,000 organisations worldwide, from small businesses to large enterprises, illustrating widespread adoption of its cloud-based collaboration tools.
Past performance is not a reliable indicator of future results.
Who owns Atlassian stock in 2025?
As of November 2025, Atlassian share ownership is broadly distributed across institutional investors, mutual funds and individual shareholders.
| Type | Common stock held | % of shares outstanding | Market value |
|---|---|---|---|
| Mutual funds & ETFs | 70.48m | 26.79% | $11.10bn |
| Other institutional investors | 75.12m | 28.55% | $11.83bn |
| Public companies & retail investors | 117.51m | 44.66% | $18.51bn |
| Total | 263.11m | 100% | $41.45bn |
This distribution indicates that institutional investors collectively hold over half of Atlassian’s total equity, reflecting continued interest from large financial entities.
Top institutional Atlassian shareholders
As of November 2025, the largest institutional holders include several leading global asset management firms:
| # | Holder | % of holding | Shares held | Value (US$bn) |
|---|---|---|---|---|
| 1 | The Vanguard Group, Inc. | 6.62% | 17.43m | 2.75bn |
| 2 | BlackRock, Inc. | 4.08% | 10.73m | 1.69bn |
| 3 | Baillie Gifford & Co. | 3.24% | 8.53m | 1.34bn |
| 4 | Capital Research and Management Company | 1.55% | 4.07m | 0.64bn |
| 5 | Artisan Partners Limited Partnership | 1.47% | 3.88m | 0.61bn |
| 6 | State Street Global Advisors, Inc. | 1.44% | 3.79m | 0.60bn |
| 7 | UBS Asset Management AG | 1.41% | 3.72m | 0.59bn |
| 8 | WCM Investment Management, LLC | 1.29% | 3.39m | 0.53bn |
| 9 | Massachusetts Financial Services Company | 1.25% | 3.29m | 0.52bn |
| 10 | T. Rowe Price Group, Inc. | 1.09% | 2.87m | 0.45bn |
Collectively, these ten institutions hold over 23% of Atlassian’s total outstanding shares, illustrating steady institutional participation in TEAM stock.
Top mutual fund TEAM holders
As of September 2025, the largest mutual fund holders include several Vanguard and Invesco ETFs, as well as the Norwegian sovereign wealth fund:
| # | Holder | % of holding | Shares held | Value (US$bn) |
|---|---|---|---|---|
| 1 | Vanguard Total Stock Market ETF | 1.99% | 5.24m | 0.83bn |
| 2 | Vanguard Mid-Cap ETF | 1.40% | 3.68m | 0.58bn |
| 3 | Invesco QQQ Trust, Series 1 | 1.31% | 3.44m | 0.54bn |
| 4 | Vanguard Growth ETF | 0.91% | 2.39m | 0.38bn |
| 5 | Government Pension Fund Global (Norway) | 0.71% | 1.87m | 0.30bn |
| 6 | Vanguard Extended Market ETF | 0.67% | 1.77m | 0.28bn |
| 7 | Vanguard Information Technology ETF | 0.60% | 1.59m | 0.25bn |
| 8 | Fidelity Select Software and IT Services Portfolio | 0.57% | 1.50m | 0.24bn |
| 9 | Vanguard Mid-Cap Growth ETF | 0.54% | 1.42m | 0.22bn |
| 10 | New Perspective Fund | 0.53% | 1.41m | 0.22bn |
These top ten funds collectively account for a notable share of institutional ownership, with diversified exposure through major global ETFs and long-term investment vehicles.
Insider ownership and control
Atlassian’s Class B shares remain primarily held by co-founders Mike Cannon-Brookes and Scott Farquhar, who together retain the majority of the company’s voting power. This structure provides long-term strategic continuity and allows the founders to maintain a consistent vision for growth.
While Class A shareholders vote proportionally to their holdings, each Class B share carries ten votes, giving the founders enhanced influence over corporate decisions and governance. This arrangement is common among technology firms aiming to preserve leadership stability while accessing public capital markets.
Source: Investing.com, 13 November 2025.
Final thoughts
Atlassian remains largely owned by institutional investors and its founding executives, offering a balance of market stability and consistent leadership. The company’s ongoing investment in AI, cloud infrastructure and enterprise solutions continues to shape its long-term direction and competitive position.
While its growth trajectory and innovation record are notable, past performance should not be viewed as a guide to future results. Market conditions, competition and operational risks can all influence future performance.
FAQ
How many Atlassian shares are there?
As of November 2025, Atlassian had approximately 263.11 million outstanding shares, based on the company’s latest ownership data. This includes both Class A and Class B shares on a fully diluted basis, representing a total market value of about $40.7 billion. The number of outstanding shares may fluctuate over time due to stock-based compensation, share buybacks or other corporate actions.
How many shareholders does Atlassian have?
As of November 2025, around 56.81% of Atlassian’s Class A shares were held by Cede & Co., a nominee entity acting on behalf of the Depository Trust Company to facilitate stock transfers and recordkeeping. Atlassian is not required to disclose the exact number of individual shareholders unless an investor owns more than 5% of any share class. Meanwhile, founders Mike Cannon-Brookes and Scott Farquhar collectively hold most of the Class B shares, giving them majority voting control and oversight of corporate governance.
Who owns Atlassian?
Atlassian remains founder-led, with co-CEOs Mike Cannon-Brookes and Scott Farquhar controlling most of the voting rights through their Class B shareholdings, which carry ten votes per share. This structure provides long-term strategic continuity, while economic ownership is largely diversified among institutional and retail investors.
Can you trade Atlassian (TEAM) via CFDs?
Yes. Atlassian (TEAM) shares can be traded as contracts for difference (CFDs) on platforms offering access to US equities. CFDs allow traders to speculate on price movements without owning the underlying shares, going long (buy) if they expect the price to rise or short (sell) if they expect it to fall. CFDs are traded on margin – leverage amplifies both profits and losses.