Keith Gill's 6.6% Stake in Chewy Worth $245M in 2025 Sparks Investor Buzz
In 2025, meme stock influencer Keith Gill, aka 'Roaring Kitty,' holds a significant 6.6% stake in pet retailer Chewy, valued at $245 million. Discover how this move is shaking up the stock market and impacting meme stock trends.
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Key Highlights
- Keith Gill, famously known as 'Roaring Kitty,' owns a 6.6% share in pet products retailer Chewy.
- A recent SEC filing discloses Gill's ownership of approximately 9 million Chewy shares.
- Chewy's stock surged by as much as 34% last Thursday after Gill shared a cartoon dog on his X (formerly Twitter) account, before experiencing volatility and a 4.9% drop on Monday.
Keith Gill has once again captured market attention with his substantial investment in Chewy (CHWY) in 2024.
An SEC filing revealed that Gill holds 9,001,000 shares of Chewy, equating to a 6.6% voting stake and valued at roughly $245 million based on the closing price of $27.24 last Friday. The filing clarifies that these shares were not acquired to influence company control.
Cartoon Dog Post on X Triggers Market Movement
Last week, Gill stirred trading activity in Chewy and competitor Petco Health and Wellness (WOOF) by posting a cartoon dog image on his X account. This sparked Chewy shares to jump as much as 34% on Thursday, though the gains reversed amid volatile trading.
Following a three-year social media hiatus, Gill's May reemergence reignited the meme stock phenomenon, notably affecting GameStop (GME) shares.
As of 10:30 a.m. ET Monday, Chewy shares traded down 4.9% to $25.92 but have increased approximately 9.4% year-to-date. Meanwhile, Petco and GameStop shares declined by 6.4% and 5.9%, respectively.
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