Walmart Inc.

Fundamental diversified ★Signal industrials specialist (95%) CIK 104169
Long book
$840.4M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
-16.5%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Walmart Inc. is a diversified fundamental manager, specialised in industrials (95% of the long book), running a $840.4M US long book across 3 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SYMBOTIC INC, KLARNA GROUP PLC, GREEN DOT CORP-CLASS A.

Over the last 6 quarters its long book ran on average 10.5pp per quarter ahead of the S&P 500, beating the index in 3 of 6 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q4 2024
-14.9%
Q1 2025
+90.5%
Q2 2025
+38.5%
Q3 2025
+7.1%
Q4 2025
-13.8%
Q1 2026
-16.5%

Sector allocation

Industrials
95%
Financials
5%

Long book by quarter

$366.0M
Q4 2024
$311.4M
Q1 2025
$593.3M
Q2 2025
$909.6M
Q3 2025
$974.4M
Q4 2025
$840.4M
Q1 2026

What does Walmart Inc. own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
SYM SYMBOTIC INCIndustrials15.0M$798.0M95.0%Held
KLAR KLARNA GROUP PLCFinancials2.4M$31.4M3.7%Held
GDOT GREEN DOT CORP-CLASS AFinancials975.0K$10.9M1.3%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 8, 20263$840.4M canonicalSEC ↗
Q4 202513F-HRFeb 6, 20263$974.4M canonicalSEC ↗
Q3 202513F-HR/ARESTATEMENTOct 24, 20253$909.6M canonicalSEC ↗
Q3 202513F-HROct 10, 20252$821.6M SEC ↗
Q2 202513F-HRAug 8, 20252$593.3M canonicalSEC ↗
Q1 202513F-HRMay 16, 20252$311.4M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20252$366.0M canonicalSEC ↗