Viking Global’s Halvorsen and Shabet File 13G, Reveal >5% Stake in Chewy

Viking Global’s latest filing with the SEC shows that the firm’s co‑founder Andreas Halvorsen and partner Rose Shabet, acting through multiple Viking entities, now hold a collective beneficial ownership of more than 5% of Chewy’s outstanding shares. The investors filed a Schedule 13G—the form used by passive holders—to satisfy the 5% reporting threshold.

The filing, dated May 15, 2026 (accession 0000905148‑26‑002425), notes that the parties will prepare and file any required Forms 3, 4, and 5 jointly, with Scott M. Hendler signing on their behalf under authorization letters dating back to February 9, 2021. No exact share count or percentage was disclosed beyond the regulatory “exceeds 5%” benchmark, and the investors are classified as passive, indicating no intent to influence Chewy’s management or board.

For shareholders, the disclosure is noteworthy because Chewy’s stock has been under pressure. Trading at $21.28, the shares are down 0.93% on the day and have slipped 35.6% year‑to‑date, with an RSI of 20, suggesting oversold conditions. The market cap sits at roughly $8.8 billion, and the company has been navigating a competitive e‑commerce landscape while expanding its subscription‑based pet‑food services.

While a 13G filing is routine, the involvement of Viking Global—a well‑regarded hedge fund known for deep‑value bets—adds a layer of credibility to Chewy’s long‑term prospects. Investors may interpret the stake as a signal that sophisticated capital sees upside potential in the retailer’s growth initiatives, even as short‑term sentiment remains bearish.

The filing does not hint at any forthcoming activist agenda; rather, it underscores a passive, confidence‑driven investment in Chewy’s future trajectory.