WIT LLC, an acronym for the Walton Investment Team, held about $5 billion in U.S. stocks and exchange-traded funds at the end of last quarter, according to a regulatory filing with the Securities and Exchange Commission on Monday. The firm only started disclosing its holdings this year, with most of the money invested in low-cost ETFs.
Join heated discussions with the Moneyweb community, and get full access to our market indicators and data tools while supporting quality journalism.
You can cancel at any time.
The biggest change in the portfolio was an increase in the Vanguard Short-Term Treasury ETF. WIT added 9.66 million shares and the position increased by $593.1 million to $1.36 billion. It also bolstered its position in the iShares Short-Term National Muni Bond ETF.
The firm cut its exposure to the Vanguard FTSE Emerging Markets fund by almost 5 million shares, taking the stake down to $1.8 billion.
The Waltons are the world’s wealthiest family, with a fortune estimated earlier this year at about $238 billion, according to the Bloomberg Billionaires Index. About half that is tied to Walmart Inc., the company founded by Sam Walton in 1950.
The family has kept its investments quiet for decades, but it’s getting harder as they sell stock in Walmart and diversify their fortune. The family has sold more than $6 billion in Walmart stock since the start of 2020.
SEC rules require investors managing more than $100 million in U.S. equities to disclose their holdings, though family offices can appeal to keep these documents confidential.