Summary by Futu AI
On December 29, 2023, Baillie Gifford & Co, a Scottish partnership, filed an amended Schedule 13G/A with the SEC, disclosing a 15.37% ownership stake in Chewy, Inc., amounting to 18,482,764 shares. This filing, which indicates a significant investment by Baillie Gifford & Co, was made under Rule 13d-1(b) of the Securities Exchange Act of 1934. The shares are held by Baillie Gifford & Co and/or its investment adviser subsidiaries on behalf of various clients, including registered investment companies, employee benefit plans, pension funds, and other institutional clients. The filing asserts that the acquisition of the shares is in the ordinary course of business, not with the intent to change or influence the control of Chewy, Inc. The compliance manager of Baillie Gifford & Co, Grant Meikle, certified the accuracy of the information on January 25, 2024.