World’s Richest Family Reveals $5 Billion Worth of Stock Picks
A firm that helps invest the Walton clan’s Walmart fortune held low-cost ETFs and company stakes including in Apollo Global.
Members of the Walton family Rob, from left, Alice and Jim at the annual Walmart shareholders meeting event in Fayetteville, Ark., in 2018
Photographer: Rick T. Wilking/Getty ImagesThe Walton family is shedding light on its stock picks, revealing it held almost $5 billion in equities at the end of June through a little-known firm that helps invest its Walmart Inc. fortune.
That’s up from $3.8 billion at the end of December, according to Securities and Exchange Commission filings from family investment company WIT LLC — an acronym for the Walton Investment Team — which began disclosing its holdings this year. Most of the money was invested in low-cost exchange-traded funds such as the Vanguard FTSE Emerging Markets and Short-Term Treasury ETFs, but the family also disclosed stakes in companies including Apollo Global Management Inc., Snowflake Inc. and China’s Pinduoduo Inc.