Keith Gill, famously known as Roaring Kitty and DeepFuckingValue from the GameStop trading saga, has publicly disclosed his ownership stake of 6.6% in Chewy, the prominent online retailer specializing in pet food and related products.
According to a Schedule 13G filing with the United States Securities and Exchange Commission (SEC) dated June 24, Gill, an individual investor, holds 9,001,000 shares of Chewy’s Class A common stock. In the filing, Gill humorously clarifies that he is “not a cat.”
The SEC filing underscores Gill’s significant investment in Chewy, mirroring his notable role in the GameStop narrative and potentially positioning Chewy as a new focal point for investor interest akin to GameStop.
Detailed under Rule 13d-1(c), the Schedule 13G filing outlines Gill’s exclusive voting and dispositive power over the aforementioned shares. This filing type is standard for investors holding more than 5% of a company’s shares but who do not seek to influence its management.
In a distinctive touch, Gill checked a box confirming his human status, adding a touch of satire to the filing.
Gill’s strategic investment in Chewy comes as the pet product retailer eyes market expansion and product enhancement, potentially drawing investor attention similar to his impact on GameStop’s fortunes.
In a related development, Gill’s recent resurgence as Roaring Kitty on May 13 led to significant market volatility, notably driving GameStop’s share price from approximately $17.46 to $48.75 by May 14.
Despite his influential presence, Gill faces a class-action lawsuit for alleged securities fraud, though some legal experts view the lawsuit skeptically, suggesting it is unlikely to succeed.
The lawsuit, filed on June 28 in the U.S. District Court for the Eastern District of New York, accuses Gill of orchestrating a “pump and dump” scheme through his social media activities.
Gill’s actions continue to captivate market watchers, reminiscent of his earlier impact during the GameStop saga, reflecting his unique influence in the financial realm.