Baillie Gifford Amends Chewy Stake (CHWY) on Dec 29

TL;DR

**Baillie Gifford changed its Chewy stake; watch for market reaction.**

AI Summary

Baillie Gifford & Co, an investment management firm, filed an amended SC 13G/A on January 30, 2024, indicating a change in their ownership of Chewy, Inc. Class A Common Stock as of December 29, 2023. This filing, Amendment No. 4, updates their previous disclosures, signaling a potential adjustment in their investment strategy or a rebalancing of their portfolio. For investors, this matters because significant changes in holdings by large institutional investors like Baillie Gifford can influence market sentiment and potentially impact Chewy's stock price.

Why It Matters

Large institutional investor Baillie Gifford & Co updated its Chewy holdings, which can signal shifts in institutional confidence and potentially affect Chewy's stock valuation.

Risk Assessment

Risk Level: low — This filing is a routine update from an institutional investor and doesn't inherently signal high risk, though large position changes can cause short-term volatility.

Analyst Insight

Investors should monitor subsequent filings from Baillie Gifford & Co for Chewy, Inc. to understand the magnitude and direction of their ownership change, as this could signal a shift in institutional sentiment towards the company.

Key Players & Entities

• Baillie Gifford & Co (company) — the reporting person and institutional investor
• Chewy, Inc. (company) — the subject company whose Class A Common Stock is being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• January 30, 2024 (date) — the filing date of the SC 13G/A

FAQ

From the Filing

0001088875-24-000051.txt : 20240130 0001088875-24-000051.hdr.sgml : 20240130 20240130063105 ACCESSION NUMBER: 0001088875-24-000051 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Chewy, Inc. CENTRAL INDEX KEY: 0001766502 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 901020167 FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91044 FILM NUMBER: 24575765 BUSINESS ADDRESS: STREET 1: 7700 WEST SUNRISE BOULEVARD CITY: PLANTATION STATE: FL ZIP: 33322 BUSINESS PHONE: 786-320-7111 MAIL ADDRESS: STREET 1: 7700 WEST SUNRISE BOULEVARD CITY: PLANTATION STATE: FL ZIP: 33322 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAILLIE GIFFORD & CO CENTRAL INDEX KEY: 0001088875 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: CALTON SQUARE STREET 2: 1 GREENSIDE ROW CITY: EDINBURGH STATE: X0 ZIP: EH13AN BUSINESS PHONE: 00441312752000 MAIL ADDRESS: STREET 1: CALTON SQUARE STREET 2: 1 GREENSIDE ROW CITY: EDINBURGH STATE: X0 ZIP: EH13AN SC 13G/A 1 chewyinc29122023.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 CHEWY, INC. (Amendment No.4) ----------------------------------------------------------------------- (Name of Issuer) Class A Common Stock ----------------------------------------------------------------------- (Title of Class of Securities) 16679L109 ----------------------------------------------------------------------- (CUSIP Number) 29 December 2023 ----------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1745 (3-06) CUSIP No. 16679L109 _______________________________________________________________________ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Baillie Gifford & Co (Scottish partnership) _______________________________________________________________________ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a).................................................................... (b).................................................................... _______________________________________________________________________ 3. SEC Use Only _______________________________________________________________________ 4. Citizenship or Place of Organization SCOTLAND UK _______________________________________________________________________ Number of 5. Sole Voting Power 15,723,741 Shares Bene ______________________________________________________ ficially by 6. Shared Voting Power 0 Owned by Each ______________________________________________________ Reporting 7. Sole Dispositive Power 18,482,764 Person With: ______________________________________________________ 8. Shared Dispositive Power 0 ______________________________