5 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group

4. Walmart Inc. (NYSE:WMT)

Alyeska Investment Group’s Stake Value: $17 million
Percentage of Alyeska Investment Group’s 13F Portfolio: 0.2%
Number of Hedge Fund Holders: 71

Originating in 1945 and located in Bentonville, Arkansas, Walmart Inc. (NYSE: WMT) ranks 4th on our list of 10 large-cap stocks to buy according to Anand Parekh’s Alyeska Investment Group. Walmart Inc. (NYSE: WMT) revolves around consumer staples in the retail and wholesale market. Latest filings by Alyeska Investment Group reveal that the hedge fund owned 122,248 shares in the firm at the end of June 2021 that are worth $17 million, representing 0.2% of the portfolio.

On August 18th, Cowen boosted Walmart Inc. (NYSE: WMT)’s target price from $170 to $175 with an Outperform rating. 

As of the second quarter, 71 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in the company worth $8 billion versus 58 hedge funds with $5.9 billion worth of stakes in the previous quarter.