Walmart Shares Acquired by Legal & General Group

Institutional investor boosts stake in retail giant

Published on Mar. 10, 2026

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Legal & General Group Plc, a major institutional investor, has increased its holdings in Walmart Inc. (NASDAQ:WMT) by 3.5% during the third quarter, according to a recent SEC filing. The fund now owns over 27 million shares of the retailer, making it one of Walmart's largest shareholders.

Why it matters

Walmart is one of the world's largest and most influential retailers, so changes in its major institutional investors can signal broader trends in the company's performance and outlook. Legal & General's increased stake suggests confidence in Walmart's long-term prospects, even as the company navigates a shifting retail landscape.

The details

According to the filing, Legal & General Group acquired an additional 934,468 shares of Walmart during the third quarter, bringing its total holdings to 27,268,463 shares. This represents approximately 0.34% of Walmart's total outstanding shares. The investment firm cited Walmart's strong market position, diversified business model, and growth potential as reasons for boosting its stake in the company.

  • Legal & General Group filed the 13F report disclosing the increased Walmart holdings on March 10, 2026.

The players

Legal & General Group Plc

A major global investment management firm based in the United Kingdom, with over $1.3 trillion in assets under management.

Walmart Inc.

The world's largest company by revenue and a leading multinational retailer, operating a network of supercenters, discount stores, and membership warehouse clubs.

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The takeaway

Legal & General Group's increased stake in Walmart suggests that major institutional investors see continued growth potential in the retail giant, even as it navigates a rapidly evolving industry landscape. This vote of confidence from a leading global investment firm underscores Walmart's enduring market dominance and ability to adapt to changing consumer preferences.