# EDGAR Filing Document

**Accession Number:** 0001669779
**File Stem:** 0001104659-26-015484
**Filing Date:** 2026-2
**Character Count:** 12486
**Document Hash:** 7f2cbadd6c4c89b5956f4271e1f75604
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-015484.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001104659-26-015484

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Camping World Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001669779
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 811737145
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-89769
- **FILM NUMBER:** 26635775

**BUSINESS ADDRESS:**
- **STREET 1:** 2 MARRIOTT DRIVE
- **CITY:** LINCOLNSHIRE
- **STATE:** IL
- **ZIP:** 60069
- **BUSINESS PHONE:** (847) 808-3000

**MAIL ADDRESS:**
- **STREET 1:** 2 MARRIOTT DRIVE
- **CITY:** LINCOLNSHIRE
- **STATE:** IL
- **ZIP:** 60069

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CWGS, Inc.
- **DATE OF NAME CHANGE:** 20160317
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CWGS Holding, LLC
- **CENTRAL INDEX KEY:** 0001683140

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1039 PONTE VEDRA BLVD.
- **CITY:** PONTE VEDRA
- **STATE:** FL
- **ZIP:** 32082
- **BUSINESS PHONE:** (847) 808-3000

**MAIL ADDRESS:**
- **STREET 1:** 1039 PONTE VEDRA BLVD.
- **CITY:** PONTE VEDRA
- **STATE:** FL
- **ZIP:** 32082

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 9)**

**Issuer:** Camping World Holdings, Inc.

**Title of Class of Securities:** Class A Common Stock, par value $0.01 per share

**CUSIP Number:** 13462K109

**Date of Event Which Requires Filing of this Statement:** 12/31/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>CWGS Holding, LLC | Names of Reporting Persons<br>CWGS Holding, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>32584700.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>32584700.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>32584700.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>32584700.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>34.2% | Percent of Class Represented by Amount in Row (9)<br>34.2% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

| 1. | Names of Reporting Persons<br>ML Acquisition Company, LLC | Names of Reporting Persons<br>ML Acquisition Company, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>32584700.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>32584700.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>32584700.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>32584700.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>34.2% | Percent of Class Represented by Amount in Row (9)<br>34.2% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

| 1. | Names of Reporting Persons<br>Marcus Lemonis | Names of Reporting Persons<br>Marcus Lemonis |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>651016.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>32584700.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>651016.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>32584700.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>33235716.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>33235716.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>34.8% | Percent of Class Represented by Amount in Row (9)<br>34.8% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

---

**Item 1(a). Name of Issuer:**
Camping World Holdings, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
2 Marriott Drive Lincolnshire, IL, 60069

**Item 2(a). Name of Person Filing:**
Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons."  This statement is filed on behalf of:

CWGS Holding, LLC
ML Acquisition Company, LLC
Marcus Lemonis

**Item 2(b). Address of Principal Business Office:**
The address of each of the Reporting Persons is c/o Camping World Holdings, Inc., 2 Marriott Drive, Lincolnshire, IL 60069.

**Item 2(c). Citizenship:**
CWGS Holding, LLC and ML Acquisition Company, LLC are organized in the State of Delaware. Marcus Lemonis is a citizen of the United States.

**Item 2(d). Title of Class of Securities:**
Class A Common Stock, par value $0.01 per share

**Item 2(e). CUSIP Number:**
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:**

The ownership information presented below represents beneficial ownership of Class A Common Stock of the Issuer as of December 31, 2025, based upon 62,819,556 shares of Class A Common Stock outstanding as of October 24, 2025, based on the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 30, 2025. The ownership information assumes the redemption of the common units of CWGS Enterprises, LLC (the "Common LLC Units") held by the Reporting Persons for shares of Class A Common Stock of the Issuer on a one-to-one basis.
CWGS Holding, LLC is the record holder of 32,584,700 Common LLC Units and Mr. Lemonis is the record holder of 651,016 shares of Class A Common Stock. Pursuant to the terms of the CWGS Enterprises, LLC amended and restated limited liability company agreement, the Common LLC Units may be redeemed by the Reporting Persons at any time for shares of Class A Common Stock on a one-for-one basis.
CWGS Holding, LLC is a wholly-owned subsidiary of ML Acquisition Company, LLC. Mr. Lemonis is the sole director of ML Acquisition Company, LLC. As a result, each of ML Acquisition Company, LLC and Mr. Lemonis may be deemed to share beneficial ownership of the securities held of record by CWGS Holding, LLC.

**(b) Percent of class:**

CWGS Holding, LLC: 34.2%
ML Acquisition Company, LLC: 34.2%
Marcus Lemonis: 34.8%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

CWGS Holding, LLC: 0
ML Acquisition Company, LLC: 0
Marcus Lemonis: 651,016

**(ii) Shared power to vote or to direct the vote:**

CWGS Holding, LLC: 32,584,700
ML Acquisition Company, LLC: 32,584,700
Marcus Lemonis: 32,584,700

**(iii) Sole power to dispose or to direct the disposition of:**

CWGS Holding, LLC: 0
ML Acquisition Company, LLC: 0
Marcus Lemonis: 651,016

**(iv) Shared power to dispose or to direct the disposition of:**

CWGS Holding, LLC: 32,584,700
ML Acquisition Company, LLC: 32,584,700
Marcus Lemonis: 32,584,700

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

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. Certification:**

—

### 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.

**CWGS Holding, LLC**

**Date:** 02/13/2026

**By:** /s/ Lindsey Christen

**Name & Title:** Lindsey Christen, Attorney-in-Fact

**ML Acquisition Company, LLC**

**Date:** 02/13/2026

**By:** /s/ Lindsey Christen

**Name & Title:** Lindsey Christen, Attorney-in-Fact

**Marcus Lemonis**

**Date:** 02/13/2026

**By:** /s/ Lindsey Christen

**Name & Title:** Lindsey Christen, Attorney-in-Fact