World’s Richest Family Reveals Firm With $5 Billion in Stocks (1)

The Walton family is shedding light on its stock picks, revealing it held almost $5 billion in equities at the end of June through a little-known firm that helps invest its Walmart Inc. fortune.

That’s up from $3.8 billion at the end of December, according to Securities and Exchange Commission filings from family investment company WIT LLC — an acronym for the Walton Investment Team — which began disclosing its holdings this year. Most of the money was invested in low-cost exchange-traded funds such as the Vanguard FTSE Emerging Markets and Short-Term Treasury ETFs, but the family also disclosed stakes ...