Walmart Inc.
MX ˙ BMV ˙ US9311421039
SecurityMX:WMT / Walmart Inc.
InstitutionFinancial Advisory Service, Inc.
Latest Disclosed Ownership94,637 shares
Latest Disclosed Value $ 10,543,465
Financial Advisory Service, Inc. reports 6.71% increase in ownership of WMT / Walmart Inc.

On February 18, 2026 - Financial Advisory Service, Inc. filed a 13F-HR form disclosing ownership of 94,637 shares of Walmart Inc. (MX:WMT) valued at $10,543,465 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 29, 2025 disclosing 88,687 shares of Walmart Inc.. This represents a change in shares of 6.71% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-18 2025-12-31 13F WALMART COM 931142103 94,637 5,950 6.71 10,543 15.35 0.6813
2025-10-29 2025-09-30 13F WALMART COM 931142103 88,687 2,500 2.90 9,140 8.46 0.6190
2025-08-14 2025-06-30 13F WALMART COM 931142103 86,187 2,678 3.21 8,427 14.95 0.6234
2025-05-05 2025-03-31 13F WALMART COM 931142103 83,509 5,079 6.48 7,331 3.46 0.5980
2025-02-14 2024-12-31 13F WALMART COM 931142103 78,430 1,091 1.41 7,086 13.47 0.5950
2024-10-17 2024-09-30 13F WALMART COM 931142103 77,339 1,530 2.02 6,245 21.66 0.4967
2024-07-29 2024-06-30 13F WALMART COM 931142103 75,809 2,259 3.07 5,133 16.00 0.4436
2024-04-29 2024-03-31 13F WALMART COM 931142103 73,550 49,317 203.51 4,426 15.84 0.3922
2024-01-23 2023-12-31 13F WALMART COM 931142103 24,233 2,064 9.31 3,820 7.76 0.3630
2023-10-23 2023-09-30 13F WALMART COM 931142103 22,169 581 2.69 3,545 4.48 0.3790
2023-08-08 2023-06-30 13F WALMART COM 931142103 21,588 -86 -0.40 3,393 6.20 0.4292
2023-05-11 2023-03-31 13F WALMART COM 931142103 21,674 221 1.03 3,196 5.06 0.3464
2023-02-01 2022-12-31 13F WALMART COM 931142103 21,453 1,295 6.42 3,042 16.29 0.3446
2022-10-20 2022-09-30 13F WALMART COM 931142103 20,158 1,990 10.95 2,615 18.38 0.2904
2022-08-02 2022-06-30 13F WALMART COM 931142103 18,168 1,846 11.31 2,209 -9.13 0.2325
2022-05-04 2022-03-31 13F WALMART COM 931142103 16,322 1,730 11.86 2,431 15.16 0.2288
2022-02-11 2021-12-31 13F WALMART COM 931142103 14,592 2,651 22.20 2,111 26.86 0.1937
2021-11-15 2021-09-30 13F WALMART COM 931142103 11,941 886 8.01 1,664 6.74 0.1558
2021-07-29 2021-06-30 13F WALMART COM 931142103 11,055 980 9.73 1,559 13.96 0.1463
2021-05-17 2021-03-31 13F WALMART COM 931142103 10,075 288 2.94 1,368 -3.05 0.1424
2021-02-10 2020-12-31 13F WALMART COM 931142103 9,787 319 3.37 1,411 6.49 0.1605
2020-11-16 2020-09-30 13F WALMART COM 931142103 9,468 206 2.22 1,325 19.48 0.1810
2020-07-21 2020-06-30 13F WALMART COM 931142103 9,262 -89 -0.95 1,109 4.33 0.1634
2020-05-14 2020-03-31 13F WALMART COM 931142103 9,351 450 5.06 1,063 0.47 0.1859
2020-01-31 2019-12-31 13F WALMART COM 931142103 8,901 -1,057 -10.61 1,058 -10.49 0.1781
2019-11-06 2019-09-30 13F WALMART COM 931142103 9,958 -679 -6.38 1,182 0.60 0.2142
2019-07-25 2019-06-30 13F WALMART COM 931142103 10,637 1,683 18.80 1,175 34.59 0.2188
2019-05-13 2019-03-31 13F WALMART COM 931142103 8,954 1,850 26.04 873 31.87 0.1704
2019-02-08 2018-12-31 13F WALMART COM 931142103 7,104 145 2.08 662 1.22 0.1515
2018-11-05 2018-09-30 13F WALMART COM 931142103 6,959 165 2.43 654 12.37 0.1488
2018-07-26 2018-06-30 13F WALMART COM 931142103 6,794 34 0.50 582 -3.16 0.1564
2018-05-02 2018-03-31 13F WALMART COM 931142103 6,760 105 1.58 601 -8.52 0.1732
2018-01-29 2017-12-31 13F WAL-MART STORES COM 931142103 6,655 15 0.23 657 26.59 0.1726
2017-10-19 2017-09-30 13F WAL-MART STORES COM 931142103 6,640 420 6.75 519 10.19 0.1448
2017-08-01 2017-06-30 13F WAL-MART STORES COM 931142103 6,220 12 0.19 471 5.37 0.1403
2017-05-08 2017-03-31 13F WAL-MART STORES COM 931142103 6,208 -784 -11.21 447 -7.45 0.1381
2017-02-07 2016-12-31 13F WAL-MART STORES COM 931142103 6,992 7 0.10 483 -4.17 0.1432
2016-11-01 2016-09-30 13F WAL-MART STORES COM 931142103 6,985 -21 -0.30 504 -1.56 0.1650
2016-08-09 2016-06-30 13F WAL-MART STORES COM 931142103 7,006 -1,535 -17.97 512 -12.48 0.1891
2016-05-03 2016-03-31 13F WAL-MART STORES COM 931142103 8,541 572 7.18 585 19.63 0.3005
2016-01-22 2015-12-31 13F WAL-MART STORES COM 931142103 7,969 1,700 27.12 489 20.44 0.2444
2015-10-20 2015-09-30 13F WAL-MART STORES COM 931142103 6,269 56 0.90 406 -7.94 0.2339
2015-08-14 2015-06-30 13F WAL-MART STORES COM 931142103 6,213 475 8.28 441 -6.57 0.2208
2015-04-17 2015-03-31 13F WAL-MART STORES COM 931142103 5,738 5,738 0.00 472 0.2409
2015-01-28 2014-12-31 13F WAL-MART STORES COM 931142103 0 -5,706 -100.00 0 -100.00
2014-10-30 2014-09-30 13F WAL-MART STORES COM 931142103 5,706 130 2.33 436 4.06 0.2501
2014-07-16 2014-06-30 13F Wal-Mart Stores COM 931142103 5,576 -154 -2.69 419 -4.34 0.2412
2014-04-25 2014-03-31 13F WAL-MART STORES COM 931142103 5,730 125 2.23 438 -0.68 0.2971
2014-01-24 2013-12-31 13F Wal-Mart Stores COM 931142103 5,605 5,605 441 0.2621
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.