Israel Englander Stock Portfolio: Top 5 Stock Picks

Page 5 of 5

1. Walmart Inc. (NASDAQ:WMT)

Millennium Management’s Stake: $4.5 Billion

Walmart Inc. (NASDAQ:WMT) has been a staple in the 13F portfolio of Millennium Management since late 2010. In the fourth quarter of 2010, the fund owned 730,000 shares in the retail giant. By late 2014, the fund had increased this position to under 7 million shares. By the second quarter of 2024, the holding had grown to nearly 12 million shares. Filings for the fourth quarter of 2025 show that the fund owned almost 41 million shares in the firm, up nearly 1,000% compared to filings for the third quarter of 2025.

Hedge funds are increasingly treating Walmart Inc. (NASDAQ:WMT) as a platform company rather than just a grocer. In fiscal year 2026, Walmart’s global advertising revenue grew by 46%, reaching $6.4 billion. Ad revenue and Walmart+ membership fees now account for approximately one-third of the company’s total operating profit. Hedge funds are betting that this shift will lead to a permanent re-rating of the stock’s valuation as margins expand. A major institutional catalyst in early 2026 was Walmart’s expanded partnership with Google. Walmart integrated Google’s Gemini AI into its mobile app to power instant checkout and highly personalized shopping assistants.

While we acknowledge the potential of WMT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WMT and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Stocks to Buy According to Billionaire David Abrams and 15 Best Stocks to Buy According to Billionaire Seth Klarman.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5