Diamant Asset Management ups Walmart stake 12,519% in Q1 2026

Key Facts

In a sign of growing institutional confidence in the U.S. retail sector, Diamant Asset Management disclosed a massive 12,519.6% increase in its Walmart stake during the first quarter of 2026. According to data from MarketBeat, the firm purchased 2.26 million shares worth approximately $280.8 million, pushing its total holding to an unprecedented level.

The large investment came despite some insider selling activity in the stock over the same period, according to earlier reports. Market data shows Walmart shares closed at $114.6 on June 29, 2026, having traded between $114.2 and $116.8 during the session. This follows solid Q1 results from Walmart, with revenue up 7.4% year-over-year and earnings per share in line with expectations.

With this institutional buying, Walmart stock remains in focus. The current level of $114.6 finds nearby support at the session low of $114.2, while resistance sits at the high of $116.8. No major economic events are directly on the immediate calendar for the stock, but investors will watch for Q2 results due in August. Analysts maintain a 'Moderate Buy' rating, though the average price target implies limited upside.