”Roaring Kitty” Keith Gill Becomes Chewy’s Third Largest Individual Shareholder With 6.6% Stake

Influential
stock
trader
Keith
Gill,
known
as

Roaring
Kitty
on
social
media
platform
X,
has
become
the
third
largest
individual


investor

in
the
pet
store
Chewy.

Gill
holds
9,001,000
shares
of
the
pet
products
company’s
Class
A
common
stock,
or
6.6%
stake,

according
to
a
June
24
13G


filing

with
the
US
Securities
and
Exchange
Commission
(SEC).
In
the
filing,
he
also
clarified
that
he
is
not
a
cat.

The
filing
sent
the
crypto
token
CHEWY
(CHWY)
into
orbit
with
a
497%
pump
in
the
last
24
hours.
It

traded
at
$0.0000000001105
as
of
03:29
a.m.
EST
on
trading
volume
that
skyrocketed
1,151%
to
$21.3
million.

Keith
Gill
Makes
First
Known
Investment
Beyond
GameStop 

Gill
entered
the
public
spotlight
back
in
2021
after
his
role
in
the
GameStop
short-squeeze.
He
then
went
offline
for
nearly
3
years,
but
recently
brought
an
end
to
his
hiatus. 

The
SEC
filing
shows
that
he
bought
the
shares
at
a
closing
price
of
$27.24
on
June
28.
This
means
that
the
stake
is
worth
about
$245
million.
His
position
in
Chewy
is
his
first
known
investment
beyond
GameStop.

BREAKING:
Keith
Gill
aka
Roaring
Kitty
aka
DeepFuckingValue
of

$GME
GameStop
fame
files
a
SEC
13G
for

$CHWY,
Chewy
for
9,001,000
shares,
or
6.6%
of
the
company.

He
identifies
in
the
SEC
filing
as
“not
a
cat”.

pic.twitter.com/Fhm9WgDfiM

—
unusual_whales
(@unusual_whales)

July
1,
2024

There
is
a
link
between
GameStop
and
Chewy
in
the
form
of
billionaire
Ryan
Cohen.
In
the
past,
Gill
praised
Cohen,
who
founded
the
online
pet
store
and
sold
it
in
2017.
The
billionaire
is
now
the
CEO
of
GameStop.

Institutional
Chewy
Stakeholders
Fear
A
GameStop
Repeat 

Gill’s
investment
in
Chewy
has
raised
concerns
among
the
company’s
executives.
The
primary
concern
is
that
asset
managers
who
have
a
stake
in
the
company
might
flee
their
positions
over
fears
that
Gill’s
involvement
might
trigger
a
rollercoaster
ride
for
its
shares,
according
to
a


Reuters
report.

Gill’s
disclosure
caused
the
price
of
Chewy
stocks
(CHWY)
to
soar
to
an
intraday
high
of
$30
yesterday.
However,
the
stock
has
since
erased
its
gains
and
was
down
6.6%
at
the
close
of
trading
on
July
1.

CHWY’s
recent
price
movement
somewhat
echoes
that
of
GameStop’s
stock
price
following
Gill’s
reappearance
online
earlier
this
year.
In
just
the
24
hours
after
his
return,
GameStop
stock
surged
from
$17.46
to
$48.75
per
share
on
May
14.

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