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Written by Ben Scribner on September 14, 2023
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10 Largest Walmart Shareholders In 2023

Walmart is a multinational retail corporation that has established itself as one of the world's largest and most influential companies.

Here is a list of the 10 largest shareholders of Walmart as of 9/14/2023.

Largest Walmart Shareholders

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1. The Vanguard Group Inc

  • Ownership: 4.86%
  • Shares Held: 130,948,599

2. BlackRock Fund Advisors

  • Ownership: 2.40%
  • Shares Held: 64,581,784

3. SSGA Funds Management Inc

  • Ownership: 2.23%
  • Shares Held: 60,072,444

4. Geode Capital Management LLC

  • Ownership: 0.95%
  • Shares Held: 25,499,791

5. Norges Bank Investment Management

  • Ownership: 0.68%
  • Shares Held: 18,328,064

6. T. Rowe Price Associates Inc

  • Ownership: 0.59%
  • Shares Held: 15,813,328

7. Morgan Stanley Smith Barney LLC

  • Ownership: 0.50%
  • Shares Held: 13,481,133

8. State Farm Investment Management

  • Ownership: 0.49%
  • Shares Held: 13,083,050

9. Northern Trust Investments Inc

  • Ownership: 0.49%
  • Shares Held: 13,096,474

10. Columbia Management Investment

  • Ownership: 0.47%
  • Shares Held: 12,767,149

Click here to see the current share price of Walmart (WMT) on Robinhood!

What Is Walmart?

Walmart Logo

Walmart is a multinational retail corporation and one of the world's largest and most well-known retail chains.

Founded by Sam Walton in 1962 in Rogers, Arkansas, USA, Walmart has grown to become a global retail giant.

The company operates a wide range of retail formats, including:

  1. Walmart Supercenters: These are large retail stores that combine a traditional department store with a grocery store. They offer a wide variety of products, including groceries, clothing, electronics, household goods, and more.
  2. Walmart Discount Stores: These are smaller stores that primarily focus on general merchandise, including clothing, electronics, toys, and home goods.
  3. Walmart Neighborhood Markets: Smaller grocery stores that primarily offer fresh produce, groceries, and household essentials.
  4. Sam's Club: A membership-based warehouse club owned by Walmart, offering bulk products, electronics, and various services to members.

Walmart is known for its low prices, extensive product selection, and a strong presence in many countries around the world. It has a significant influence on the retail industry and supply chain due to its scale and market reach.

In addition to its core retail operations, Walmart has expanded into e-commerce with the growth of, offering online shopping, digital services, and grocery delivery.

The company also operates in various other business segments, including real estate, financial services, and sustainability initiatives.

Walmart is headquartered in Bentonville, Arkansas.


These top shareholders in Walmart are a mix of institutional investors, investment management firms, and asset managers.

Together, they own a significant portion of the company and have a significant influence on its operations and strategic decisions.

Article written by Ben Scribner

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