Franklin Resources Sells Walmart Shares

Asset manager reduces stake in retail giant by 1.8% in Q3

Mar. 11, 2026 at 10:50am

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Franklin Resources Inc. decreased its holdings in Walmart Inc. (NASDAQ:WMT) by 1.8% in the third quarter, according to a recent SEC filing. The firm sold 670,775 shares of the retailer's stock, leaving it with a 35.9 million share position valued at $3.7 billion, or about 0.45% of Walmart's outstanding shares.

Why it matters

As one of Walmart's largest institutional investors, changes in Franklin Resources' stake can signal broader market sentiment around the retail giant. The sale comes as Walmart stock has risen over 25% in the past year, outperforming the broader market.

The details

According to the 13F filing, Franklin Resources sold the Walmart shares during the third quarter of 2025. The asset manager continues to hold a sizable position in the company, with its stake valued at nearly $3.7 billion as of the end of the quarter.

  • Franklin Resources sold 670,775 Walmart shares in Q3 2025.

The players

Franklin Resources Inc.

A global investment management organization that provides a range of investment products and services to institutional and individual investors around the world.

Walmart Inc.

An American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

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The takeaway

The reduction in Franklin Resources' Walmart stake, while relatively small, could signal a shift in sentiment around the retail giant as its stock has surged in the past year. Investors will be watching to see if other major institutional holders make similar moves in the coming quarters.