BC Partners Amends Chewy Stake Disclosure on 13G/A Filing

TL;DR

**BC Partners updated their Chewy ownership, showing continued institutional interest.**

AI Summary

BC Partners Holdings Limited, a private equity firm based in Guernsey, filed an amended Schedule 13G/A on February 12, 2024, indicating a change in their beneficial ownership of Chewy, Inc. Class A Common Stock as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that BC Partners continues to be a significant holder, which can be a positive sign for investors as it suggests continued confidence from a major institutional player in Chewy's long-term prospects.

Why It Matters

This filing updates the public record on a major institutional investor's stake in Chewy, providing transparency on who holds significant influence over the company.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a major shareholder, indicating no immediate negative or positive risk.

Analyst Insight

Investors should note that a major institutional holder, BC Partners, continues to disclose its stake in Chewy, Inc. This indicates ongoing institutional interest, but without specific share count changes in this excerpt, it's primarily a transparency update rather than a direct buy/sell signal.

Key Players & Entities

• BC Partners Holdings Limited (company) — reporting person and major shareholder of Chewy, Inc.
• Chewy, Inc. (company) — the subject company whose Class A Common Stock is being reported on
• Argos Holdings L.P. (company) — a group member associated with the filing
• CIE Management IX Ltd (company) — a group member associated with the filing
• Citrus Intermediate Holdings L.P. (company) — a group member associated with the filing
• Guernsey (company) — place of organization for BC Partners Holdings Limited

FAQ

From the Filing

0001193125-24-032082.txt : 20240212 0001193125-24-032082.hdr.sgml : 20240212 20240212161903 ACCESSION NUMBER: 0001193125-24-032082 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 GROUP MEMBERS: ARGOS HOLDINGS L.P. GROUP MEMBERS: BC PARTNERS HOLDINGS LTD GROUP MEMBERS: CIE MANAGEMENT IX LTD GROUP MEMBERS: CITRUS INTERMEDIATE HOLDINGS L.P. 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: 24620205 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: Argos Holdings GP LLC CENTRAL INDEX KEY: 0001778154 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O CHEWY, INC., 1855 GRIFFIN ROAD CITY: DANIA BEACH STATE: FL ZIP: 33004 BUSINESS PHONE: 7863207111 MAIL ADDRESS: STREET 1: C/O CHEWY, INC., 1855 GRIFFIN ROAD CITY: DANIA BEACH STATE: FL ZIP: 33004 SC 13G/A 1 d776996dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* CHEWY, INC. (Name of Issuer) Class A Common Stock, $0.01 par value (Titles of Class of Securities) 16679L109 (CUSIP Number) December 31, 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: ☐ Rule 13d-1(b) ☐ Rule 13d-1(c) ☒ Rule 13d-1(d) * The remainder of this cover page shall be filled out of a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter 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, as amended (the “ 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 ).  1   NAME OF REPORTING PERSON  BC Partners Holdings Limited  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) ☐  (b) ☒  3  SEC USE ONLY  4  CITIZENSHIP OR PLACE OF ORGANIZATION  Guernsey NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH: 5   SOLE VOTING POWER  0 6  SHARED VOTING POWER  298,863,356 (1) 7  SOLE DISPOSITIVE POWER  0 8  SHARED DISPOSITIVE POWER  298,863,356 (1)  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  298,863,356 (1) 10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐ 11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  69.2% (2) 12  TYPE OF REPORTING PERSON  OO (Limited Company) (1) Includes 298,863,356 shares of Class A Common Stock that are issuable in exchange for shares of Class B Common Stock on a one-for-one basis. (2) Calculated based upon 132,913,046 shares of Class A Common Stock outstanding as of January 28, 2024, as provided by the Issuer, as increased by 298,863,356 shares of Class A Common Stock held by the Reporting Persons that are issuable in exchange for shares of Class B Common Stock on a one-for-one basis.  1