Capital Research Files 13G Revealing 5.1% Stake in Camping World (CWH)

Rhea-AI Filing Summary

Capital Research Global Investors reports beneficial ownership of 3,215,647 shares of Camping World Holdings, representing 5.1% of 62,569,449 shares outstanding. The filing states CRGI has sole voting and sole dispositive power over these shares.

The filing identifies CRGI as an investment adviser and explains the holdings are held in the ordinary course of business and are not held for the purpose of changing or influencing control. No group affiliations, shared voting power, or plans to change control are disclosed.

Positive

• Material institutional stake disclosed: Capital Research Global Investors beneficially owns 3,215,647 shares (5.1%) of Camping World.
• Clear voting/dispositive authority: The filing reports sole voting and sole dispositive power over the reported shares, providing transparency on control rights.

Negative

• None.

Insights

Securities Analyst

TL;DR Institutional passive stake over 5% reported with sole voting power; filing asserts no intent to influence control.

Capital Research Global Investors reports a material, above-5% position in Camping World (3,215,647 shares, 5.1%). The filing shows sole voting and dispositive authority for the reported shares, which is a clear disclosure of control over voting rights even as CRGI characterizes the holdings as held in the ordinary course and not intended to change control. For investors, this is a material ownership disclosure but the statement of passive intent keeps the immediate governance impact neutral based on the filing alone.

Corporate Governance Expert

TL;DR A meaningful institutional stake with sole voting power is disclosed, but the filer declares passive intent in the filing.

The disclosure identifies CRGI as an investment adviser and reports sole voting and dispositive power over 3,215,647 shares (5.1%). The filing explicitly disclaims acquisition or holding of the securities for the purpose of influencing control. From a governance perspective, the combination of a >5% ownership and sole voting authority is noteworthy; however, because the filer affirms passive intent and reports no group or shared arrangements, the filing itself signals no immediate activism or control change.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Camping World Holdings, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

13462K109

(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. 13462K109

1

Names of Reporting Persons

Capital Research Global Investors

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 3,215,647.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,215,647.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,215,647.00

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)

5.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Camping World Holdings, Inc.
(b)	Address of issuer's principal executive offices: 2 Marriott Dr., Lincolnshire, IL 60069, United States of America
Item 2.
(a)	Name of person filing: Capital Research Global Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 13462K109
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: 3,215,647 ** **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 3,215,647 shares or 5.1% of the 62,569,449 shares believed to be outstanding.
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,215,647
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,215,647
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	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.

Capital Research Global Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	08/05/2025

FAQ

How many Camping World (CWH) shares does Capital Research Global Investors report owning?

3,215,647 shares beneficially owned, as stated in the filing.

What percentage of Camping World (CWH) does that represent?

5.1% of the 62,569,449 shares described in the filing.

Does Capital Research have voting or dispositive power over these shares?

Yes; the filing reports sole voting power and sole dispositive power over the 3,215,647 shares.

Is the stake held to influence control of Camping World (CWH)?

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

Is Capital Research filing as part of a group or reporting any shared power?

No; the filing indicates no group affiliations and reports 0 shared voting and dispositive power.