Arizona State Retirement System Bolsters Walmart Stake

Arizona State Retirement System (ARS) has increased its stake in Walmart Inc. (WMT), purchasing an additional 15,676 shares during the second quarter. This move boosted ARS's overall holdings in WMT to 1,216,703 shares, valued at $137,804,000 as of the most recent reporting period.

The retail giant accounts for approximately 0.7% of ARS's portfolio, making it the system's 23rd largest holding. This investment follows similar moves by other hedge funds and institutional investors, with a total of 26.76% of WMT shares owned by these entities.