The Laguna Beach-based investment adviser holds sole voting and dispositive power over nearly 33.7 million Class A ordinary shares.

April 06, 2026

WCM Investment Management, a Delaware-based registered investment adviser headquartered in Laguna Beach, California, has reported a significant ownership position in Sea Ltd, the Singapore-based technology and digital entertainment company. The disclosure, made as of March 31, 2026, shows WCM beneficially owns approximately 33.7 million Class A ordinary shares, representing roughly 6.17% of the outstanding class.

WCM holds sole voting and sole dispositive power over the entire position, with no shares subject to shared control. The firm filed under Rule 13d-1(b), which applies to qualified institutional investors acquiring shares in the ordinary course of business. In the accompanying certification, WCM affirmed that the shares were not acquired for the purpose of influencing or changing control of Sea Ltd.

Sea Ltd at a Glance

Sea Ltd, which trades on the New York Stock Exchange under the ticker SE, operates across digital entertainment, e-commerce, and financial services in Southeast Asia and other markets. The company’s Class A ordinary shares are widely held by institutional investors, and a stake exceeding 5% from a single investment adviser represents a notable concentration of ownership.

What the Stake Signals

WCM Investment Management is known as a growth-oriented equity manager with a long-term investment horizon. The firm’s decision to build a position of this size in Sea Ltd suggests continued institutional confidence in the company’s business trajectory, though the passive nature of the disclosure indicates no activist intentions.

The disclosure was signed by David J. Joerger, WCM’s Chief Compliance Officer, on April 6, 2026.