Wellington Management Cuts Stake in Walmart Amid Ongoing Market Volatility
Wellington Management Group LLP reduced its stake in Walmart Inc. (NASDAQ:WMT) by selling 421,532 shares during the second quarter.
The firm now owns 8,763,067 shares of the retailer's stock, which is about 0.11% of Walmart's total value at $992,505,000 as of the end of the most recent quarter.
This move by Wellington Management Group LLP is part of a larger trend in the market, where several other hedge funds have also modified their holdings of WMT during the second quarter.