SCHEDULE 13G/A: BlackRock Amends Chewy Stake Disclosure, Maintains 8.8% Ownership

BlackRock, Inc. has filed an amendment to its Schedule 13G, disclosing a continued beneficial ownership of 8.8% of Chewy, Inc.'s common stock as of June 30, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 19,401,973 shares of Chewy, Inc. common stock.
• This ownership represents 8.8% of Chewy, Inc.'s outstanding common stock.
• BlackRock, Inc. holds sole voting power over 18,792,137 shares.
• BlackRock, Inc. holds sole dispositive power over 19,401,973 shares.
• No shared voting or dispositive power was reported.
• The filing is an Amendment No. 2 to Schedule 13G, indicating a passive investment position.
• BlackRock certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Chewy, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• Indicates continued significant institutional investor interest in Chewy, Inc. by BlackRock, one of the world's largest asset managers.

Negatives

• No specific negative factors related to Chewy, Inc.'s operations or financial performance are disclosed in this ownership filing.

Risks

• No specific risks related to Chewy, Inc.'s operations or financial performance are detailed in this beneficial ownership disclosure.

Future Outlook

This beneficial ownership disclosure does not contain any forward-looking statements or guidance regarding Chewy, Inc.'s future performance or outlook.

Management Comments

• BlackRock, Inc. certified that the securities referred to 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.

Industry Context

This filing reflects a standard disclosure by a large institutional investor, BlackRock, Inc., regarding its passive ownership stake in Chewy, Inc., a common practice for asset managers holding significant positions in publicly traded companies. It provides transparency on major institutional holdings within the pet e-commerce and retail sector.

Comparison to Industry Standards

• As a passive ownership disclosure, this filing does not contain performance metrics for comparison to industry standards.
• Large institutional holdings like BlackRock's 8.8% stake in Chewy are common across various industries, reflecting diversified portfolio management by major asset managers such as Vanguard, State Street, and Fidelity, who similarly hold significant, passive stakes in numerous public companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming BlackRock's continued passive investment in Chewy, Inc.
• Employees, Customers, Suppliers, Creditors: No direct impact indicated by this ownership disclosure, as it pertains solely to a change in beneficial ownership reporting by an institutional investor.

Key Dates

Keywords

BlackRock, Chewy, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Asset Management, SEC Filing