Walmart Shares Sold by Laurel Wealth Advisors

Institutional investor decreased stake in retail giant by 99% in Q3

Published on Mar. 2, 2026

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Laurel Wealth Advisors LLC, an investment management firm, decreased its holdings in Walmart Inc. (NASDAQ:WMT) by 99% in the third quarter of 2026. The firm previously owned 117,777 shares of the retailer's stock, which made up about 1.7% of its investment portfolio. Laurel Wealth Advisors sold 11,368,597 Walmart shares during the quarter.

Why it matters

Walmart is one of the world's largest retailers, with a vast network of physical stores and growing e-commerce operations. Changes in institutional ownership of the company's stock can provide insights into broader market and investor sentiment around the business.

The details

According to a regulatory filing, Laurel Wealth Advisors LLC decreased its Walmart holdings from 11,486,374 shares at the end of the second quarter to just 117,777 shares by the close of the third quarter. This represented a 99% reduction in the firm's position. Laurel Wealth Advisors cited the sale of 11,368,597 Walmart shares during the quarter. The remaining 117,777 shares were worth approximately $12.1 million at the end of the reporting period.

  • Laurel Wealth Advisors LLC reported the Walmart share sale in a 13F filing for Q3 2026.

The players

Laurel Wealth Advisors LLC

An investment management firm that previously held a large position in Walmart stock.

Walmart Inc.

A multinational retail corporation that operates a broad portfolio of store formats and digital services, including large-format supercenters, discount department stores, neighborhood grocery stores, and the Sam's Club membership warehouse chain.

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The takeaway

The significant reduction in Laurel Wealth Advisors' Walmart holdings suggests the firm may have concerns about the retailer's future performance or broader market conditions. However, changes in institutional ownership do not necessarily indicate a company's long-term prospects, as investment decisions can be influenced by a variety of factors.