- The team managing the $238 billion
Walmart familyfortune disclosed its holdings, according to a report from Bloomberg. - The Walton Investment Team held $5 billion in the stock market at the end of June, a 32% gain from $3.8 billion six months prior.
Stock picks ranged widely from Pinduoduo to Apollo Global Management and Snowflake.
The investment team managing the $238 billion Walmart family fortune revealed its stock picks in newly released disclosures, according to a report from Bloomberg.
The Walton Investment Team held $5 billion in the stock market at the end of June, up from $3.8 billion six months prior. That 32% gain came on the back of several low-cost exchange-traded funds as well as a few choice stocks.
The Waltons' largest holding was a $2.2 billion stake in VWO,
Stock picks ranged widely from Chinese e-commerce platform Pinduoduo to private equity giant Apollo Global Management and cloud computing firm Snowflake.
The three stocks have had divergent performances between December and June. Pinduoduo fell steadily from the start of the year, while Snowflake seesawed and Apollo climbed 27%. Walmart stock was slightly down during the period.
The
The Walton Investment Team was launched in 2020 and is an "affiliate" of the main office that manages the Walton family fortune, a representative told Bloomberg.