Fund 1 Investments, LLC reported a passive ownership stake in J.Jill, Inc. common stock. The filing lists beneficial ownership of 1,328,949 shares, representing 8.89% of the outstanding common stock, calculated using 14,951,415 shares outstanding as of June 4, 2026 from J.Jill’s quarterly report.
Fund 1 Investments, LLC has shared voting and dispositive power over all 1,328,949 shares and no sole voting or dispositive power. The shares are held for private investment vehicles advised by Pleasant Lake Partners LLC, with Fund 1 Investments, LLC as managing member and Jonathan Lennon as managing member of Fund 1. Each of these parties disclaims beneficial ownership except to the extent of their pecuniary interest. The funds have the right to receive or direct dividends and sale proceeds on more than five percent of J.Jill’s common stock.
Positive
None.
Negative
None.
Key Figures
Shares beneficially owned:1,328,949 sharesOwnership percentage:8.89%Shares outstanding:14,951,415 shares+3 more
6 metrics
Shares beneficially owned1,328,949 sharesCommon Stock of J.Jill, Inc. reported by Fund 1 Investments, LLC
Ownership percentage8.89%Percentage of J.Jill common stock class held by Fund 1 Investments, LLC
Shares outstanding14,951,415 sharesJ.Jill common shares outstanding as of June 4, 2026 used for ownership calculation
Shared voting power1,328,949 sharesShares over which Fund 1 Investments, LLC has shared power to vote
Shared dispositive power1,328,949 sharesShares over which Fund 1 Investments, LLC has shared power to dispose
Sole voting power0 sharesShares over which Fund 1 Investments, LLC has sole voting power
"All percentages reported herein with respect to the Reporting Person's holdings are calculated based upon"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting powerfinancial
"Shared Voting Power 1,328,949.00 7 | Sole Dispositive Power 0.00 8 | Shared Dispositive"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
dispositive powerfinancial
"Shared Voting Power 1,328,949.00 7 | Sole Dispositive Power 0.00 8 | Shared Dispositive"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
pecuniary interestfinancial
"disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest"
more than 5 percentregulatory
"The Funds have the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than five percent"
FAQ
What percentage of J.Jill (JILL) does Fund 1 Investments, LLC own?
Fund 1 Investments, LLC reports beneficial ownership of 8.89% of J.Jill’s common stock. This percentage is based on 14,951,415 shares outstanding as of June 4, 2026, as reported in J.Jill’s Form 10-Q.
How many J.Jill (JILL) shares are beneficially owned by Fund 1 Investments, LLC?
Fund 1 Investments, LLC reports beneficial ownership of 1,328,949 J.Jill common shares. All of these shares are subject to shared voting and dispositive power, with no sole voting or dispositive authority reported.
How was Fund 1’s 8.89% J.Jill (JILL) ownership calculated?
The 8.89% ownership is calculated using J.Jill’s reported 14,951,415 common shares outstanding as of June 4, 2026, disclosed in its Form 10-Q for the quarter ended May 2, 2026.
Who actually controls the J.Jill (JILL) shares reported by Fund 1 Investments, LLC?
The shares are held for private investment vehicles advised by Pleasant Lake Partners LLC. Fund 1 Investments, LLC and Jonathan Lennon disclaim beneficial ownership except for their pecuniary interest, while reporting shared voting and dispositive power over 1,328,949 shares.
Do the funds tied to Fund 1 Investments, LLC receive dividends from J.Jill (JILL)?
Yes. The filing states the Funds have the right to receive and/or direct the receipt of dividends and sale proceeds from more than five percent of J.Jill’s common stock held on their behalf.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
J.Jill, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
46620W201
(CUSIP Number)
06/30/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
46620W201
1
Names of Reporting Persons
Fund 1 Investments, 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
1,328,949.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,328,949.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,328,949.00
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)
8.89 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: (Limited Liability Company)
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
J.Jill, Inc.
(b)
Address of issuer's principal executive offices:
4 Batterymarch Park, Quincy, Massachusetts, 02169
Item 2.
(a)
Name of person filing:
Fund 1 Investments, LLC
(b)
Address or principal business office or, if none, residence:
100 Carr 115 Unit 1900
Rincon, Puerto Rico 00677
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
46620W201
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:
1,328,949
(b)
Percent of class:
8.89 %
(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:
1,328,949
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
1,328,949
Shares reported herein for Fund 1 Investments, LLC are held for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser. Fund 1 Investments, LLC serves as managing member of Pleasant Lake Partners LLC. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of Fund 1 Investments, LLC, Pleasant Lake Partners LLC and Mr. Lennon disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
All percentages reported herein with respect to the Reporting Person's holdings are calculated based upon a statement in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended May 2, 2026, as filed with the Securities and Exchange Commission on June 10, 2026, that there were 14,951,415 shares of Common Stock of the Issuer outstanding as of June 4, 2026.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
See Item 4.
The Funds have the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than five percent of the Common Stock of the Issuer.
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.
See Item 4.
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.
