Top 30 S&P 500 Stocks by Index Weight

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10. Walmart Inc. (NASDAQ:WMT)

Index Weight: 1.56%

Number of Hedge Fund Holders: 114

Walmart Inc. (NASDAQ:WMT) is one of the top S&P 500 stocks by index weight. On April 15, Walmart Inc. (NASDAQ:WMT) announced plans to diversify its business empire by unveiling a new business unit to offer maintenance services to businesses across the country.

Upstream Facility Services is the new business unit that extends the retailer’s internal facility maintenance operations to external clients. The service is designed for businesses that manage complex facility operations and are constantly in need of maintenance services. The unit is to offer HVAC, refrigeration, general maintenance, electrical, and plumbing services to businesses spread across the country. The services on offer will include urgent repairs, preventive maintenance, and predictive services .

Walmart is to place technicians across the country to serve clients across various locations. In addition, it will provide clients with the technology tools for real-time visibility into various service operations. Upstream asserts that Walmart’s expansion of its internal facility service operations currently supports thousands of locations.

Walmart Inc. (NASDAQ:WMT) is a massive, global omnichannel retailer operating a chain of hypermarkets, discount department stores, and grocery stores. They focus on selling a wide variety of general merchandise and food products at low prices, both in-store and online, while also providing financial services, pharmacy, and optical services to millions of customers worldwide.

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