The TJX Companies, Inc. (NYSE: TJX) is the parent company of off-price retail brands including T.J. Maxx, Marshalls, and HomeGoods. Shares recently traded around $155 per share, giving TJX a market capitalization of roughly $172 billion.
TJX has delivered a strong performance over the past year, with the stock up about 28% over the last 12 months, supported by steady store traffic, resilient off-price demand, and disciplined cost control. Looking at who owns TJX and how insiders have been trading helps show how large investors appear to be positioning around the stock today.
Who Are TJX’s Top Shareholders?
TJX’s shareholder base is led by large institutional investors. These firms tend to hold through market cycles, which can help keep long-term ownership stable. Active managers adjusted positions in both directions, suggesting a mix of confidence in the business and sensitivity to valuation.
- The Vanguard Group: 101.4M shares (9.14%), ~$15.7B value. Added 805k shares (+0.80%).
- BlackRock Institutional Trust: 63.8M shares (5.74%), ~$9.9B value. Added 185k shares (+0.29%).
- State Street Investment Management: 48.2M shares (4.34%), ~$7.5B value. Cut 372k shares (-0.77%).
- Fidelity Management & Research: 32.4M shares (2.92%), ~$5.0B value. Cut 613k shares (-1.86%).
- Geode Capital Management: 26.3M shares (2.37%), ~$4.1B value. Added 266k shares (+1.02%).
- Wellington Management: 24.0M shares (2.16%), ~$3.7B value. Cut 8.6M shares (-26.36%).
- Capital International Investors: 15.7M shares (1.41%), ~$2.4B value. Added 631k shares (+4.19%).
- Managed Account Advisors: 15.4M shares (1.39%), ~$2.4B value. Added 845k shares (+5.81%).
- Norges Bank Investment Management: 14.6M shares (1.32%), ~$2.3B value. Added 819k shares (+5.92%).
- JPMorgan Asset Management: 11.8M shares (1.06%), ~$1.8B value. Cut 966k shares (-7.58%).
For investors, this ownership mix suggests TJX continues to benefit from strong long-term institutional support, while selective trimming by active managers may reflect valuation awareness after a strong share price move rather than weakening confidence in the business.
Hedge Fund Highlights
One notable move came from Steadfast Capital Management, founded by Robert Pitts, which increased its TJX position by 199%, bringing the stake to roughly $297M value. The size of the increase suggests the firm may be leaning more positively on TJX’s earnings durability and off-price retail positioning.
Schonfeld Strategic Advisors, led by founder Steven Schonfeld, also raised exposure significantly, boosting its TJX stake by 199% to about $13M value. While still a smaller position overall, the scale of the increase stands out.
D. E. Shaw, founded by David E. Shaw, lifted its TJX holdings by 133%, adding nearly 2.9M shares and bringing the position to approximately $722M value. Given the firm’s systematic approach, the move could reflect improving signals tied to fundamentals or momentum.
Citadel Advisors, run by Ken Griffin, increased its TJX stake by 63%, raising the position to around $122M value. The increase appears measured, but it suggests continued interest in TJX as a large-cap consumer name with steady cash flow characteristics.
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TJX’s Recent Insider Trades
Recent filings show mostly small insider transactions that lean toward selling.
- Ernie Herrman: Sold 30,000 shares at ~$149 and 24,363 shares at ~$151.
- Carol Meyrowitz: Sold 671 shares at ~$154.
- Kenneth Canestrari: Sold 389 shares at ~$154.
- Douglas Mizzi: Sold 403 shares at ~$154.
- John Klinger: Sold 283 shares at ~$154.
- Peter Benjamin: Sold 455 shares at ~$154.
- Amy Beth Lane: Sold 500 shares at ~$151.
These trades are small relative to overall ownership, and it appears they may reflect personal portfolio management following a strong run in the stock rather than a clear signal about TJX’s operating outlook. For investors, the activity provides context but does not materially change the broader ownership picture.
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What the Ownership & Insider Trade Data Tell Us
TJX’s ownership remains anchored by large, long-term institutions, providing stability. At the same time, mixed hedge fund positioning and modest insider selling point to a more measured tone as the stock trades near recent highs.
For investors, the takeaway is that TJX continues to be treated as a durable off-price retailer with strong cash generation, while both insiders and active managers appear selective rather than aggressive at current valuation levels.
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