finance.yahoo.com/news/worlds-richest-family-bet-munis-214247728.html
WIT LLC, an acronym for the Walton Investment Team, invests mostly in low-cost exchange-traded funds. The investment firm ramped up its position in a U.S. municipal bond fund and added a sizable stake in Japanese equities. It also bet on small-cap stocks and Coinbase Global Inc. before tumultuous declines.

The firm, which oversees money for the world’s wealthiest family, added 3.9 million shares of the iShares MSCI Japan ETF. WIT also bought about $150 million in small-cap stocks through new positions in Vanguard and iShares index funds. The largest holding is the Vanguard FTSE Emerging Markets ETF.

The Walton family’s fortune is estimated to be in excess of $200 billion, according to the Bloomberg Billionaires Index. WIT added to both positions in the first quarter as front-end yields surged on expectations of accelerated Federal Reserve interest-rate increases. While the vast majority of the positions are in index funds, WIT also acquired $15 million of Coinbase.

SEC rules require investors managing more than $100 million in U.S. equities to disclose their holdings. About half of that is tied to Walmart Inc., the company founded by Sam Walton in 1950. The Investing Party may be Over, But Markets Might Make Sense Again.
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