[SCHEDULE 13G/A] A-Mark Precious Metals, Inc. SEC Filing

Rhea-AI Filing Summary

The Vanguard Group filed Amendment No. 8 to Schedule 13G disclosing that it beneficially owns 18,907,983 shares of Chewy, Inc. (CHWY) as of 30 June 2025, representing 9.67 % of the outstanding common stock.

Voting rights are minimal: 0 shares with sole voting power and 106,803 shares with shared voting power. However, Vanguard controls disposition of the stake, reporting 18.53 million shares with sole dispositive power and 375,033 shares with shared dispositive power.

The filing is made under Rule 13d-1(b) and classifies Vanguard as an investment adviser (IA), indicating a passive, ordinary-course holding rather than an attempt to influence control. No transaction details or prior-period comparisons are provided, but the amendment confirms Vanguard remains a top-10 shareholder, adding liquidity and signalling institutional confidence while exerting limited governance influence.

Positive

• Significant institutional ownership: Vanguard’s 9.67 % stake signals continued confidence from a major index manager, potentially supporting share liquidity and valuation.

Negative

• Limited voting power: Vanguard holds no sole voting rights, so its large stake does not translate into meaningful governance influence or advocacy for shareholder initiatives.

Insights

Financial Analyst

TL;DR – Vanguard passively holds 9.7 % of CHWY, adding stability but little governance sway.

Vanguard’s 18.9 million-share position keeps the index giant above the 5 % disclosure threshold, underscoring sustained institutional demand for CHWY. Although voting power is essentially nil, Vanguard’s passive ownership can bolster market liquidity and reduce float volatility. The lack of purchasing detail limits conclusions on recent momentum, yet the continued size of the stake may be viewed by investors as a sign of confidence in Chewy’s long-term fundamentals.

Corporate Governance Expert

TL;DR – Large passive stake, minimal influence on board decisions.

Because Vanguard reports no sole voting power and only ~107 k shares of shared voting authority, it wields little direct leverage over Chewy’s strategic direction. The IA classification and certification that the holding is ordinary-course confirm non-activist intent. Governance impact is therefore neutral: management neither gains an activist threat nor loses flexibility. Still, a nearly 10 % ownership means any future policy shifts by Vanguard on ESG or proxy voting could become material.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

A-Mark Precious Metals Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

00181T107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 00181T107

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 50,015.00
7	Sole Dispositive Power 1,106,998.00
8	Shared Dispositive Power 66,897.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,173,895.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.76 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: A-Mark Precious Metals Inc
(b)	Address of issuer's principal executive offices: 2121 Rosecrans Avenue, Suite 6300, El Segundo, CA, 90245
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 00181T107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1173895
(b)	Percent of class: 4.76 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 50015
	(iii) Sole power to dispose or to direct the disposition of: 1106998
	(iv) Shared power to dispose or to direct the disposition of: 66897
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	07/29/2025

FAQ

How many Chewy (CHWY) shares does Vanguard own?

Vanguard reports 18,907,983 common shares, equal to 9.67 % of the company.

Does Vanguard have voting control over Chewy?

Vanguard has 0 sole voting power and 106,803 shares of shared voting power, indicating minimal control.

Is Vanguard’s stake in CHWY activist or passive?

The filing lists Vanguard as an investment adviser (IA) under Rule 13d-1(b), confirming a passive position.

What is the significance of Schedule 13G Amendment No. 8?

It updates Vanguard’s beneficial ownership, keeping investors informed that the firm still holds nearly 10 % of CHWY.

When was the ownership information effective?

The reported ownership is effective as of 30 June 2025.