Walmart Inc. (WMT): Israel Englander Is Bullish on This Retail Giant

Walmart Inc. (NASDAQ:WMT) is featured on the Israel Englander Stock Portfolio: Top 10 Stock Picks.

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.

Is it a Wise Move to Invest in Walmart Inc. (WMT)?

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 risk and potential of WMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WMT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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