Walmart Inc.

2. Key Holdings

The portfolio is dominated by Symbotic Inc. (SYM), which represents a staggering 88.89% of the total value at $808.50M. This consists of 15.00 million shares. This overwhelming concentration suggests that Walmart views Symbotic not merely as a financial investment, but as a critical operational partner. Given Symbotic’s focus on supply chain automation and robotics, this stake likely aligns with Walmart's core logistics infrastructure strategy.

The second holding, Klarna Group PLC, is a new position valued at $87.96M (2.40 million shares), accounting for 9.67% of the portfolio. Klarna is a leader in the "Buy Now, Pay Later" (BNPL) fintech space. This entry signals a strategic interest in embedded finance and alternative payment solutions, likely to integrate these capabilities into Walmart’s retail ecosystem.