CAVA Ownership Update: Prudential Files 13G/A for 6.46M Shares (5.6%)

Rhea-AI Filing Summary

Prudential Financial, Inc. has filed Amendment No. 1 to Schedule 13G disclosing a 5.6% passive stake in CAVA Group, Inc. (CUSIP 148929102) as of 30 Jun 2025. The firm reports 6,458,974 common shares beneficially owned, all held with shared dispositive power; no shares are held with sole voting or dispositive power. Shared voting authority covers 5,564,994 shares.

The filing is made under Rule 13d-1(b) with Prudential classified as a parent holding company (HC). Most of the position is managed by subsidiary Jennison Associates LLC (6.4 M shares, 5.6% of the class). Additional small positions are held by The Prudential Insurance Company of America (23.6 K) and PGIM Quantitative Solutions LLC (31.3 K). The certification confirms the shares were acquired in the ordinary course of business and not for the purpose of influencing control of the issuer.

This passive institutional ownership disclosure signals that a large, long-term asset manager now controls a material stake in CAVA, potentially improving liquidity and institutional support but without an activist intent.

Positive

• Institutional validation: A reputable asset manager (Prudential/Jennison) now holds 5.6% of CAVA, potentially boosting investor confidence and liquidity.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine 13G shows Prudential owns 5.6% of CAVA; passive stake, limited governance impact.

The filing crosses the 5% threshold, triggering disclosure but indicates a passive position (Rule 13d-1(b)). Prudential’s 6.46 M-share holding adds a notable institutional owner to CAVA’s register, which can enhance trading liquidity and potentially broaden sell-side coverage. Control risk is low: Prudential retains no sole voting or dispositive power and expressly disclaims activist intent. Because the stake is under 10% and no control purpose is stated, there are no poison-pill or regulatory implications. Impact on valuation is therefore modest; however, the presence of a respected asset manager like Jennison could be interpreted as a vote of confidence in CAVA’s growth prospects.
Impact rating: Neutral to mildly positive.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

CAVA GROUP, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

148929102

(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. 148929102

1

Names of Reporting Persons

PRUDENTIAL FINANCIAL INC

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

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,564,994.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,458,974.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,458,974.00

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)

5.6 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CAVA GROUP, INC.
(b)	Address of issuer's principal executive offices: 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON, DISTRICT OF COLUMBIA, 20016.
Item 2.
(a)	Name of person filing: Prudential Financial, Inc.
(b)	Address or principal business office or, if none, residence: 751 Broad Street Newark, New Jersey 07102-3777
(c)	Citizenship: New Jersey
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 148929102
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: 6,458,974
(b)	Percent of class: 5.6 %
(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: 5,564,994
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 6,458,974
Item 5.	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. Our clients may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities which are the subject of this filing.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Subsidiary Number of Shares Percentage The Prudential Insurance Company of America IC 23,580 0.0 Jennison Associates LLC IA 6,404,129 5.6 PGIM Quantitative Solutions LLC IA 31,265 0.0
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.

PRUDENTIAL FINANCIAL INC

Signature:	/s/ DANNY FIORE
Name/Title:	SECOND VICE PRESIDENT
Date:	08/06/2025

FAQ

Why did Prudential Financial file a Schedule 13G/A for CAVA (CAVA)?

Because its aggregate holdings reached 6,458,974 shares, or 5.6% of CAVA’s outstanding common stock, exceeding the 5% disclosure threshold.

Is Prudential’s 5.6% stake in CAVA considered active or passive?

The filing was made under Rule 13d-1(b) and states the shares were acquired in the ordinary course of business, indicating a passive investment.

Which Prudential subsidiary holds the majority of the CAVA shares?

Jennison Associates LLC controls about 6.4 million shares, representing nearly the entire disclosed position.

Does Prudential have sole voting or dispositive power over the CAVA shares?

No. Prudential reports 0 shares with sole voting or dispositive power; all authority is shared.

What percentage of CAVA does Prudential’s stake represent?

The 6,458,974 shares represent approximately 5.6% of CAVA’s outstanding common stock.

When was the ownership position effective?

The event date that triggered the filing is 30 June 2025.