Brevan Howard Capital Reduces Walmart Stake by 68.7%

Hedge fund sells over 200,000 shares of retail giant in third quarter

Mar. 15, 2026 at 10:57am

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Brevan Howard Capital Management LP, a major hedge fund, reduced its stake in Walmart Inc. (NASDAQ:WMT) by 68.7% during the third quarter, according to a recent SEC filing. The firm sold 204,267 shares, leaving it with 93,268 shares worth $9.6 million at the end of the reporting period.

Why it matters

Walmart is one of the world's largest retailers, so changes in major institutional investors' holdings can signal shifts in market sentiment around the company. Brevan Howard's substantial reduction in its Walmart position may indicate broader concerns about the retailer's performance or outlook.

The details

According to the 13F filing, Brevan Howard Capital Management LP sold 204,267 shares of Walmart stock during the third quarter, reducing its total position by 68.7%. The hedge fund now holds 93,268 shares of the retailer, valued at $9.6 million.

  • Brevan Howard Capital Management LP filed the 13F report for the third quarter of 2026.

The players

Brevan Howard Capital Management LP

A major global hedge fund with over $30 billion in assets under management.

Walmart Inc.

The world's largest company by revenue and a leading multinational retailer.

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The takeaway

Brevan Howard's substantial reduction in its Walmart stake could signal broader concerns about the retailer's performance or outlook, though the reasons behind the move are not entirely clear. Investors will be watching to see if other major institutional holders make similar adjustments to their Walmart positions in the coming quarters.