Keith Gill, famously known as Roaring Kitty and DeepFuckingValue from the GameStop trading saga, has disclosed a significant investment in Chewy, acquiring a 6.6% stake in the online pet food retailer.
According to a June 24 filing with the United States Securities and Exchange Commission (SEC), Gill now owns 9,001,000 shares of Chewy’s Class A common stock. In the filing, he humorously clarifies that he is “not a cat,” likely referencing his online persona.
Gill’s investment in Chewy, detailed in the SEC Schedule 13G filing, indicates that while he has a significant stake in the company, he does not intend to influence its direction. This type of filing is standard for investors holding more than 5% of a company’s shares without seeking control over the company.
Gill’s move into Chewy could reflect a strategic approach as the company focuses on market expansion and enhanced product offerings. His involvement may attract increased attention from investors, similar to what happened during the GameStop saga.
Gill’s recent activity, including his return to the financial scene as Roaring Kitty, has caused notable market reactions. For instance, GameStop’s stock saw a significant increase following his reappearance. However, Gill is currently facing a class-action lawsuit alleging a “pump and dump” scheme, though some legal experts believe the lawsuit is unlikely to succeed.
