Fred Alger Management Trims Walmart Holdings

Investment firm reduces stake in retail giant by 13.8% in Q3

Mar. 16, 2026 at 10:18am

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Fred Alger Management LLC, an investment management firm, lowered its holdings in Walmart Inc. (NASDAQ:WMT) by 13.8% during the third quarter, according to a recent SEC filing. The firm now owns 344,507 shares of the retailer's stock, valued at $35.5 million at the end of the quarter.

Why it matters

Walmart is one of the world's largest retailers, and changes in institutional ownership of its stock can provide insights into broader market trends and investor sentiment around the company.

The details

According to the filing, Fred Alger Management sold 55,209 Walmart shares during the third quarter. The firm now holds a total of 344,507 shares, down from 399,716 shares at the end of the prior quarter. Walmart's stock price has risen over the past year, up around 20% as of the most recent quarter.

  • The filing covers the third quarter of 2026.

The players

Fred Alger Management LLC

An investment management firm that has reduced its stake in Walmart.

Walmart Inc.

The multinational retail corporation that operates a broad portfolio of store formats and digital services.

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The takeaway

This filing indicates that one prominent institutional investor has pared back its position in Walmart, though the retailer's stock has continued to perform well overall. Investors will likely watch for any further changes in ownership among major shareholders.