SCHEDULE: Vanguard Group Discloses 9.67% Stake in Chewy Inc.

The Vanguard Group has filed an amended Schedule 13G, revealing a 9.67% beneficial ownership stake in Chewy Inc.'s common stock.

Summary

• The Vanguard Group reported beneficial ownership of 18,907,983 shares of Chewy Inc. Common Stock.
• This aggregate amount represents 9.67% of Chesy Inc.'s outstanding common stock.
• Vanguard holds sole dispositive power over 18,532,950 shares and shared dispositive power over 375,033 shares.
• Vanguard holds shared voting power over 106,803 shares and no sole voting power.
• The filing indicates the event requiring this statement occurred on June 30, 2025.
• The Vanguard Group is classified as an Investment Adviser (IA) for this filing.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a significant institutional ownership stake. While not directly indicative of Chewy's operational performance, a large, passive stake by a major fund like Vanguard is generally viewed as a neutral to slightly positive signal, suggesting long-term confidence without active intervention.

Positives

• The disclosure of a significant stake by a major institutional investor like The Vanguard Group can signal confidence in Chewy Inc.'s long-term prospects.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Chewy Inc.'s future performance or The Vanguard Group's investment strategy beyond the certification of ordinary course business acquisition.

Management Comments

• The Vanguard Group certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Chewy Inc., nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing reflects a passive investment position by a large asset manager in Chewy Inc., a prominent online retailer of pet food and products. It does not provide specific insights into Chewy's operational performance or broader industry trends, but rather highlights institutional interest in the company.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception and liquidity.

Key Dates

Keywords

Chewy Inc., Vanguard Group, CHWY, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Investment Adviser