DG Investors Holds 18.6M Shares of Stitch Fix; Files Schedule 13G/A

Rhea-AI Filing Summary

Disciplined Growth Investors, Inc. reported beneficial ownership of 18,565,002 shares of Stitch Fix, Inc. common stock, representing 16.3% of the class. The filer states it has sole dispositive power over all 18,565,002 shares and sole voting power over 17,126,353 shares, with no shared voting or dispositive power. The filing is a Schedule 13G amendment dated 08/14/2025 and includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The report identifies the filers address in Minneapolis and the issuers principal office in San Francisco.

Positive

• Substantial disclosed stake: 18,565,002 shares representing 16.3% of common stock, signaling meaningful investor interest
• Passive filing: Schedule 13G/A and certification state holdings are in the ordinary course of business and not for changing control

Negative

• None.

Insights

Securities Analyst

TL;DR: A large passive stake (16.3%) reported, indicating meaningful ownership without an expressed control intent.

Disciplined Growth Investors holds a sizeable 16.3% position in SFIX with sole voting and dispositive power over the majority of the stake, which makes it one of the larger shareholders. Filing on Schedule 13G/A and the certification language indicate the position is reported as passive, reducing immediate corporate governance pressure. Investors should note the concentration risk from a single investor but the filing gives no indication of activist intentions or planned governance changes.

Corporate Governance Expert

TL;DR: Significant block ownership disclosed, but filer denies intent to influence control.

The disclosure of sole dispositive power for 18,565,002 shares and sole voting power for 17,126,353 shares signals substantial influence potential. However, by using Schedule 13G and the certification claiming ordinary-course passive ownership, the filer legally positions itself as non-activist. This distinction matters for the board and other shareholders because passive large holders may nonetheless vote on key matters; the filing does not state any plans to nominate directors or engage with management.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

Stitch Fix, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

860897107

(CUSIP Number)

08/14/2025

(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. 860897107

1

Names of Reporting Persons

DISCIPLINED GROWTH INVESTORS INC /MN

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

MINNESOTA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 17,126,353.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 18,565,002.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

18,565,002.00

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)

16.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Stitch Fix, Inc.
(b)	Address of issuer's principal executive offices: 1 MONTGOMERY STREET, 1 MONTGOMERY STREET, SAN FRANCISCO, CALIFORNIA, 94104.
Item 2.
(a)	Name of person filing: Disciplined Growth Investors, Inc.
(b)	Address or principal business office or, if none, residence: 150 South Fifth Street Suite 2550 Minneapolis, MN 55402
(c)	Citizenship: Minnesota, US
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 860897107
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: 18,565,002
(b)	Percent of class: 16.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 17,126,353
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 18,565,002
	(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.

DISCIPLINED GROWTH INVESTORS INC /MN

Signature:	Peter G. Rieke
Name/Title:	Chief Operating & Compliance Officer
Date:	08/14/2025

FAQ

How many Stitch Fix (SFIX) shares does Disciplined Growth Investors report owning?

The filer reports beneficial ownership of 18,565,002 shares of SFIX common stock.

What percentage of SFIX does the reported stake represent?

The reported position represents 16.3% of the outstanding class of common stock.

Does Disciplined Growth Investors claim voting or dispositive power over the shares?

Yes. The filer reports sole voting power over 17,126,353 shares and sole dispositive power over 18,565,002 shares with no shared powers.

Is this filing indicating an intent to influence control of Stitch Fix?

No. The Schedule 13G/A includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

When was this Schedule 13G/A filed?

The event date listed in the filing is 08/14/2025.