Who Owns Walmart?
Updated onExplore the ownership hierarchy of Walmart. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Walmart
Walmart is a multinational retail corporation operating a large chain of discount department stores, supercenters and grocery stores with major online and omnichannel retail operations.
Walmart appears to be independent with no known parent company.
Walmart
Walmart is a multinational retail corporation operating a large chain of discount department stores, supercenters and grocery stores with major online and omnichannel retail operations.
Walmart appears to be independent with no known parent company.
Major Shareholders
Walmart
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Walton family (via Walton Enterprises LLC and Walton Family Holdings Trust) Founding Walton family collectively controls about 3.61 billion Walmart shares through Walton Enterprises LLC and Walton Family Holdings Trust, giving it effective control of roughly 45% of the company’s common stock and votes, per Schedule 13D/13G filings. | Family | 44.9% | 44.9% | Dec 2024 |
The Vanguard Group, Inc. (including Vanguard Fiduciary Trust Co.) Largest non-Walton institutional shareholder; MarketScreener and other ownership databases report Vanguard-managed entities holding about 435.7 million Walmart shares (~5.46%). | Institutional | 5.5% | 5.5% | Dec 2025 |
BlackRock, Inc. (including BlackRock Advisors LLC) Global asset manager with roughly 251.4 million Walmart shares (~3.15%) held across BlackRock-managed funds and accounts. | Institutional | 3.2% | 3.2% | Dec 2025 |
State Street Corporation Index fund and ETF provider (via State Street Global Advisors) reported holding about 184.8 million Walmart shares (~2.32%). | Institutional | 2.3% | 2.3% | Dec 2025 |
JPMorgan Chase & Co. (via JPMorgan Investment Management, Inc.) Major U.S. bank and asset manager; JPMorgan Investment Management is disclosed as owning around 116.7 million Walmart shares (~1.46%). | Institutional | 1.5% | 1.5% | Dec 2025 |
Get Started
Your ultimate competitive playbook
You just found your top competitors. Now let's map your whole landscape and show you how to stand out.
Competitive Landscape Report
Built for small teams who can't hire a full-time analyst.
$129 $260 one-time payment
Generated in minutes, no subscription.
Instead of guessing what to do about your competitors, get a done-for-you intelligence report
Competitor Map
Direct, indirect, and alternative competitors mapped across your market
Positioning Analysis
How each competitor positions, their ICP, and key differentiators
Feature & Pricing Matrix
Side-by-side comparison of features, pricing, and packaging strategies
Growth Channel Analysis
SEO, paid ads, content, and social strategies across the landscape
Reputation & Social Proof
Ratings, reviews, and sentiment analysis across all competitors
90-Day Action Plan
Specific tactics to differentiate and win more deals in the next 3 months