Arhaus (ARHS): 2.7M Shares Reported by Managed Account Advisors

Rhea-AI Filing Summary

Managed Account Advisors LLC reports beneficial ownership of 2,701,361 shares of Arhaus Class A common stock, representing 5.0% of the outstanding class. The filing breaks the position into 1,384,085 shares over which the adviser has sole dispositive power and 1,317,276 shares over which it has shared dispositive power, and it reports no sole or shared voting power.

The filer certifies these securities are held in the ordinary course of business and not for the purpose of changing or influencing control. This disclosure identifies a sizable economic, but nonvoting, stake in Arhaus and provides transparency about who can direct disposition of the shares.

Positive

• Clear disclosure of a sizable economic stake: 2,701,361 shares representing 5.0% of the class.
• Position characterized as passive: filer certifies holdings are in the ordinary course and not intended to influence control.

Negative

• None.

Insights

Investment Adviser Analyst

TL;DR: Routine but material disclosure of a 5.0% economic stake held passively with no voting power.

Managed Account Advisors LLC reports ownership of 2,701,361 shares, equal to 5.0% of Arhaus Class A stock. The split between sole and shared dispositive power (approximately 1.38M and 1.32M shares) shows the adviser controls sale decisions on a substantial portion of the position while other arrangements govern the remainder. The absence of voting power and the certification that holdings are in the ordinary course indicate this is a passive economic stake rather than an attempt to influence corporate control. For investors, this is a transparency event rather than a governance or control shift.

Securities Analyst

TL;DR: Disclosure crosses the 5% threshold but contains no signals of activist intent or voting influence.

The Schedule 13G/A documents a position at the 5.0% threshold, which can attract market attention because it is a sizable block of shares. However, the report explicitly shows no voting power and includes a certification that the holdings are ordinary-course and not aimed at changing control. From a market-impact perspective, this is informational: it confirms a large passive economic interest exists without accompanying governance implications.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Arhaus, Inc.

(Name of Issuer)

Class A common stock

(Title of Class of Securities)

04035M102

(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. 04035M102

1

Names of Reporting Persons

MANAGED ACCOUNT ADVISORS LLC

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,384,085.00
8	Shared Dispositive Power 1,317,276.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,701,361.00

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)

5.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Arhaus, Inc.
(b)	Address of issuer's principal executive offices: 51 EAST HINES HILL ROAD, 51 EAST HINES HILL ROAD, BOSTON HEIGHTS, OHIO, 44236.
Item 2.
(a)	Name of person filing: MANAGED ACCOUNT ADVISORS LLC
(b)	Address or principal business office or, if none, residence: 101 HUDSON STREET 9TH FLOOR JERSEY CITY, NJ 07302
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A common stock
(e)	CUSIP No.: 04035M102
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: 2,701,361.00
(b)	Percent of class: 5.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 1,384,085.00
	(iv) Shared power to dispose or to direct the disposition of: 1,317,276.00
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.
	Not Applicable
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.

MANAGED ACCOUNT ADVISORS LLC

Signature:	John Capelli
Name/Title:	Authorized Signatory
Date:	08/13/2025

FAQ

How many Arhaus (ARHS) shares does Managed Account Advisors own?

2,701,361 shares beneficially owned, as stated in the filing.

What percentage of Arhaus does that represent?

5.0% of the Class A common stock, per the Schedule 13G/A.

Does Managed Account Advisors have voting power over these shares?

The filing reports 0.00 sole voting power and 0.00 shared voting power; no voting power is claimed.

How is the position split between sole and shared dispositive power?

The filing shows 1,384,085 shares with sole dispositive power and 1,317,276 shares with shared dispositive power.

Does the filing indicate intent to influence control of Arhaus (ARHS)?

The filer certifies the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

What type of filing is this for ARHS?

This document is a Schedule 13G/A, an amendment reporting beneficial ownership disclosure under the Exchange Act.