Does Billionaire Israel Englander Know Something Wall Street Doesn't? The Billionaire Investor Just Sold 8.1 Million Shares of Walmart Stock.
Walmart(WMT) The Motley Fool·2024-11-29 13:30Israel Englander's Millennium Management reduced its stake in Walmart by 69% last quarter.Israel "Izzy" Englander is a billionaire portfolio manager who serves as CEO of the hedge fund Millennium Management. According to Millennium's latest 13F filing, Englander's fund sold 8.1 million shares of Walmart (WMT 0.62%) during the third quarter.So what? Consider the fact that the fund had been consistently adding to its position in Walmart during the three prior quarters.At first, I was a bit perplexed as to why ...