Walter Public Investments Inc.

Key Holdings

The portfolio is characterized by a "barbell" strategy of high-conviction positions, with no single holding exceeding 8.5% of the portfolio, ensuring diversification while maintaining focus.

• Alphabet Inc. (GOOG) remains the largest holding at $29.19 million (8.45%). This indicates a continued strong conviction in the communication services and AI infrastructure space.
• Mastercard Incorporated (MA) follows closely at $27.88 million (8.07%). Alongside JPMorgan Chase & Co. (JPM), which saw a massive 152.2% increase to become the 8th largest holding, the firm is heavily overweight on the financial sector, specifically targeting payment networks and major banking institutions.
• BJ’s Wholesale Club Holdings (BJ) is the third-largest position at $25.53 million (7.39%). This suggests a specific tilt toward the consumer cyclical sector, particularly in value-oriented retail models that may perform well across various economic cycles.
• Meta Platforms (META) rounds out the top four at $23.45 million (6.79%). The firm increased this stake by 60.7%, adding $8.78 million, signaling a bullish view on digital advertising and the social media sector.