SCHEDULE 13G/A: Baillie Gifford & Co Discloses 9.3% Stake in Chewy, Inc. Common Stock

Investment adviser Baillie Gifford & Co has filed an amended Schedule 13G, disclosing a 9.3% beneficial ownership stake in Chewy, Inc.'s common stock as of December 31, 2024.

Summary

• Baillie Gifford & Co, an investment adviser based in the United Kingdom, has filed an Amendment No. 6 to Schedule 13G regarding its ownership in Chewy, Inc.
• As of December 31, 2024, Baillie Gifford & Co beneficially owns 16,563,930 shares of Chewy, Inc. Common Stock.
• This ownership represents 9.3% of the total class of securities.
• The firm holds sole voting power over 14,268,722 shares and sole dispositive power over all 16,563,930 shares.
• The shares are held in the ordinary course of business and were not acquired or held for the purpose of changing or influencing control of Chewy, Inc.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it indicates a significant, passive, and long-term investment by a reputable institutional investor, which can be interpreted as a vote of confidence in the company. However, it's a factual disclosure, not a performance report, so the positivity is limited to the implications of the ownership itself.

Positives

• A significant institutional investor, Baillie Gifford & Co, maintains a substantial 9.3% stake in Chewy, Inc., indicating continued confidence in the company's long-term prospects.
• The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, which suggests a stable, passive investment approach.

Negatives

• The document itself does not present any negative information regarding Chewy, Inc. or the investment.

Risks

• The filing explicitly states that the shares were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating the risk of an activist investor seeking to force immediate changes.

Future Outlook

This Schedule 13G filing does not contain forward-looking statements or guidance regarding Chewy, Inc.'s future performance or outlook.

Industry Context

This filing indicates continued institutional interest in the pet e-commerce sector, represented by Chewy, Inc. Baillie Gifford & Co's significant stake suggests a belief in the long-term growth prospects of companies within this industry.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor holding a substantial stake can provide confidence and potentially attract other investors, as it signals a belief in the company's value and long-term prospects.

Key Dates

Keywords

Chewy Inc., CHWY, Baillie Gifford & Co, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Pet E-commerce, Investment Adviser