The TJX Companies Ownership Structure – Complete and Up-to-Date Breakdown

(As of December 12, 2025 | Post Q3 FY2026 earnings and recent insider transactions)
Current market capitalization: ≈ $170 billion (based on ~$153/share and 1.11 billion shares outstanding)

Table of Contents

Introduction

The TJX Companies, Inc. (NYSE: TJX), founded in 1976 and headquartered in Framingham, Massachusetts, is the world's leading off-price retailer of apparel, home fashions, and accessories, operating chains like T.J. Maxx, Marshalls, HomeGoods, Sierra, and TK Maxx across ~5,100 stores in 9 countries. It thrives on a treasure-hunt shopping model, sourcing opportunistically for value-driven consumers. Public since 1987, it features a single-class share structure (one vote per share) for broad governance. Ownership is institutionally dominant (~89%), with insiders ~0.5%, and retail ~10%. The table below details the top 10 holders from Q3 2025 13F filings and SEC data, with values at current market cap. Recent activity includes minor insider sales (~$1.34M in Nov 2025) and $2.0-2.5B buybacks authorized for FY2026 (post $2.5B FY2025 repurchases).

RankOwner / StakeholderOwnership %Approx. Value ($170B valuation)Detailed Notes
1Vanguard Group Inc.9.18%$15.6 billionLargest holder via index funds (e.g., VTI, VOO); owns ~101.96M shares. Passive with ~$9.3T AUM; added ~0.3% in Q3 2025; core S&P 500 weighting (~6%). No direct control; focuses on comparable sales growth (up 5% Q4 FY2025).
2BlackRock Inc.9.13%$15.5 billionHolds ~101.42M shares through iShares ETFs (e.g., IVV); passive/active mix. Increased ~0.5% in Q3 2025; board observer on governance/ESG. Key in retail funds; TJX ~0.3% of portfolio.
3State Street Corporation4.34%$7.4 billionOwns ~48.22M shares via SPDRs (e.g., SPY); fully passive. Stable QoQ; votes proxies on exec comp and sustainability. ~4% of consumer holdings; supports $2.5B FY2025 buybacks.
4JPMorgan Chase & Co.3.52%$6.0 billion~39.11M shares in asset management; index/active blend. Up ~1% in Q3 2025; provides banking/debt for TJX's $2.5B cash reserves.
5FMR LLC (Fidelity)3.02%$5.1 billion~33.44M shares across funds (e.g., Contrafund); active with minor Q3 trim. Bullish on international expansion (up 6% Q4 FY2025).
6Geode Capital Management, LLC2.20%$3.7 billionFidelity affiliate with ~24.5M shares in index trackers; passive. Grew ~0.3% in Q3; tracks Nasdaq 100; minimal voting power.
7Bank of New York Mellon Corp2.02%$3.4 billion~22.5M shares; passive custodian. Stable QoQ; holds for dividend yield (1.2%).
8Wellington Management Group LLP1.50%$2.6 billion~16.7M shares; active with Q3 additions. Focuses on HomeGoods/TK Maxx growth.
9Capital International Investors1.40%$2.4 billion~15.6M shares in growth strategies; active manager. Added ~5% in Q3; ~1% of portfolio.
10Ernie L. Herrman (Executive Chairman)0.05%$85 million~565K shares; largest active insider. Recent stability; oversees strategy; total comp ~$23.5M in FY2025.

Total Top 10 = ~46.26% | Remaining: Other Institutions (~43%), Other Insiders (~0.45%, e.g., John Klinger CFO at ~0.01%), Retail (~10%) | Grand Total = 100%

Conclusion

As of December 2025, The TJX Companies' ownership is institutionally anchored (~89% total) by passive titans like Vanguard and BlackRock, providing stability for its $56.36B FY2025 revenue (up 3.95% YoY) and $4.9B net income (up ~10% YoY est.), with Q4 comp sales up 5% and pretax margin at 11.6%. Insiders (~0.5% combined) like Herrman align on execution amid expansions (e.g., 5,085 stores, Brands for Less stake), while retail's ~10% stake reflects value retail appeal. With $170B market cap (up ~20% YoY) and $2.0-2.5B FY2026 buybacks plus 13% dividend hike ($0.425/share quarterly, 1.2% yield), expect ~0.5% annual share reductions, minor institutional rebalancing in Q4 13Fs (due Feb 2026), and FY2026 sales up 4-5%. This structure supports off-price dominance. For filings, visit SEC EDGAR or TJX's investor relations.

Leave a Reply

Your email address will not be published. Required fields are marked *



Macro Nepal Helper