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For years, the Walton family has kept their investments safe from disclosure, but keeping those investments a secret as they make billions selling Walmart stock has proven difficult because the family has sold stocks. of approximately $ 6.5 billion in Walmart shares since early 2020..
The Walton family are the richest family in the world, with a fortune of $ 238 billion, according to the Bloomberg Billionaires Index. About half of that wealth is concentrated in the world’s largest retailer, the company Sam Walton founded in 1950.
The Walton family highlighted a selection of stocks to choose from, after WIT LLC began disclosing its holdings this year, with the company’s acronym referring to “Walton Investment Team.”
Most of the money was invested in low-cost exchange-traded funds such as Vanguard Emerging Markets and short-term ETFs, but the family also revealed holdings in companies such as Apollo Global Management, Snowflake and Chinese Pendudo.
While their stake in the business remains unusually large for a public company, a series of share buybacks in recent years by retailer Bentonville has prompted them to sell some of their stock to keep their percentage of ownership stable. This in turn flooded the family office and the Walton Family Foundation with liquidity and required more sophisticated investment mechanisms.
Family members have also shown an increased willingness to share information about their investments and charitable activities.
Disclosure of the most important investments of the WIT office
A representative from Walton Corporation, the family’s head office, confirmed that WIT is a subsidiary investing on behalf of the family.
According to Securities and Commodities Commission documents, several months ago, family office Walton transferred $ 48 billion into a separate trust created to liquidate family stocks in the retail giant.
The Walton Foundation does not disclose its total assets, although tax records for private trusts show the family has stakes in hedge funds managed by Tiger Global Management and Viking Global Investors.
It comes as SEC rules require investors who manage more than $ 100 million in U.S. stocks to disclose their holdings, although family offices can appeal to keep those documents confidential.
The Walton Foundation never submitted a so-called 13F Quarterly Report of that name. Other high profile family offices, including one for Renaissance Technologies founder James Simmons, began reporting.
Disclosures of family office investments became a flashpoint in Washington after the collapse of Archigos Capital, which was led by billionaire Bill Huang, and cost Wall Street giants and others global investment banks worth tens of billions of dollars, which were not reported in quarterly records. .
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