[SCHEDULE 13G/A] Revolve Group, Inc. SEC Filing
Schedule 13G/A disclosure for Revolve Group, Inc. (Class A ordinary shares) shows Kayne Anderson Rudnick Investment Management, LLC beneficially owns 5,934,722 shares, or 14.7% of the class. Of those shares, Kayne Anderson reports 1,492,313 shares with sole voting power and 4,348,443 shares with shared voting power, and it separately reports sole dispositive power for 1,586,279 shares and shared dispositive power for 4,348,443 shares.
Two Virtus-related filers report substantial positions: Virtus Investment Advisers, LLC beneficially owns 3,576,187 shares (8.9%) with shared voting and dispositive power, and Virtus Equity Trust on behalf of Virtus KAR Small‑Cap Growth Fund reports 3,468,249 shares (8.6%) with shared voting and dispositive power. The filing explicitly states the Virtus amounts are included in the totals reported by Kayne Anderson. The filers certify these holdings are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Kayne Anderson Rudnick discloses a substantial beneficial holding of 5,934,722 shares (14.7%), providing transparency on major ownership.
- Virtus Investment Advisers and Virtus Equity Trust (Virtus KAR Small‑Cap Growth Fund) report clear share counts of 3,576,187 (8.9%) and 3,468,249 (8.6%), respectively, improving clarity on institutional positions.
- The filing specifies that the Virtus-reported amounts are included in Kayne Anderson's total, helping prevent double-counting in ownership analyses.
- None.
Insights
TL;DR: A passive institutional disclosure showing a meaningful 14.7% stake by Kayne Anderson, with Virtus-related holdings reported within that total.
Kayne Anderson's reported 14.7% position is large enough to be material to investor ownership tables, though the filing is a Schedule 13G/A, indicating a passive intent. The breakdown between sole and shared voting and dispositive powers provides useful detail on where actual control over votes and dispositions may lie within the reported positions.
The inclusion note that Virtus-held shares are part of Kayne Anderson's total is important for avoiding double-counting when assessing aggregate institutional ownership. For portfolio and index analysts, these reported percentages should be reflected in beneficial-ownership tallies and may affect free-float calculations and shareholder concentration metrics.
TL;DR: Significant institutional holdings disclosed, but the certification and filing type indicate passive ownership rather than an active control campaign.
The filing documents substantial stakes across related institutional entities while explicitly stating the holdings are not intended to influence control. From a governance perspective, a 14.7% holder can still exert informal influence through engagement, but the Schedule 13G/A classification signals no declared intent to seek control, reducing immediate governance risk.
Investors focused on board composition or proxy contests should note the size and voting-power breakdowns but also the passive filing status; ongoing monitoring of subsequent amendments or a shift to Schedule 13D would be warranted if intentions change.