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World's Richest Family Bet on Munis, Japanese Stocks, Coinbase

  • WIT added new positions in Japanese equities, Coinbase shares
  • Firm cut exposure to emerging market fund in the first quarter
Members of the Walton family Rob, from left, Alice and Jim at the annual Walmart shareholders meeting event in Fayetteville, Ark., in 2018.

Members of the Walton family Rob, from left, Alice and Jim at the annual Walmart shareholders meeting event in Fayetteville, Ark., in 2018.

Photographer: Rick T. Wilking/Getty Images

An investment firm for the Walton family ramped up its position in a U.S. municipal bond fund and added a sizable stake in Japanese equities, while also betting on small-cap stocks and Coinbase Global Inc. before tumultuous declines. 

WIT LLC, an acronym for the Walton Investment Team, invests mostly in low-cost exchange-traded funds. It held about $5.1 billion in U.S. stocks and ETFs at the end of last quarter, a filing with the US Securities and Exchange Commission showed Friday.