SCHEDULE: Fund 1 Investments Discloses 3.68% Stake in J.Jill

Fund 1 Investments, LLC has reported a 3.68% passive beneficial ownership stake in J.Jill, Inc. as of September 30, 2025.

Summary

• Fund 1 Investments, LLC reported beneficial ownership of 560,104 shares of J.Jill, Inc. common stock.
• This ownership represents 3.68% of J.Jill, Inc.'s total outstanding common stock.
• The shares are held for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser.
• Fund 1 Investments, LLC is the managing member of Pleasant Lake Partners LLC, and Jonathan Lennon is the managing member of Fund 1 Investments, LLC.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.
• The percentage of ownership is calculated based on 15,227,721 shares of common stock outstanding as of August 28, 2025, as disclosed in J.Jill's Quarterly Report on Form 10-Q filed on September 3, 2025.

Sentiment

Score: 5

Explanation: This is a neutral, informational filing regarding passive beneficial ownership. It does not contain positive or negative news about the company's operations or financial performance.

Future Outlook

NA

Management Comments

• Fund 1 Investments, LLC, Pleasant Lake Partners LLC, and Jonathan Lennon disclaim beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
• The securities referred to above 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

NA

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of a passive beneficial ownership stake by Fund 1 Investments, LLC in J.Jill, Inc. It indicates an institutional investor holds a position but explicitly disclaims intent to influence control. The filing itself does not contain new financial or operational information about J.Jill, Inc. that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate as it confirms an existing investment without providing new catalysts for significant price movement.

Keywords

J.Jill Inc., Fund 1 Investments, Common Stock, Beneficial Ownership, Schedule 13G, Retail, Apparel, Investment, Passive Stake