Letters by company
Tjx Companies INC
7 letters discussing TJX. Everything written about it on this site is on its ticker page.
- Parnassus Investments Parnassus Core Equity Fund | Investment Commentary - 3Q 2026 Parnassus Core Equity Fund exited Oracle and sold Marsh & McLennan, Procter & Gamble and Realty Income, reallocating capital to TSMC, Meta Platforms and other higher-conviction ideas. The portfolio balances AI infrastructure exposure with second-order beneficiaries and resilient wide-moat businesses while testing holdings against disruption, valuation and cyclical risks. 3Q 2026 AMAT $314BAZN $288BCTAS $90B
- Bell Asset Management Wholesale Class Fund Summary — Period Ending 30 September 2026 Bell Global Equities Fund re-established Keysight and maintained its preference for TSMC, citing AI-infrastructure demand, technology leadership and durable barriers to entry. It initiated Lincoln Electric and TJX, exited Aon after its proposed USI acquisition and sold Tractor Supply to redeploy capital into TJX amid a weaker consumer outlook. September 2026 453950 ADSK $54BAON $71B
- Sustainable Growth Advisers U.S. Large Cap Growth Commentary SGA initiated Eaton, Quanta Services, TSMC and TJX after July volatility, funding the moves partly by liquidating Nike and adding to Alphabet, Ecolab and Nvidia. The portfolio favors AI infrastructure businesses with recurring demand and durable competitive positions while warning that leverage, financing constraints and power bottlenecks could undermine crowded capex trades. Quarter 3 2026 COO $12BCRM $179BETN $140B
- Renaissance Investment Management — Large Cap Growth Large Cap Growth Intra-Quarter Commentary—August 2026 Large Cap Growth added NetApp and Eli Lilly, citing enterprise AI-storage demand and the expanding use of GLP-1 therapies. It exited AppLovin amid competitive pressure in gaming advertising and sold Lowe’s as expected revenue growth and margin expansion failed to emerge, while reassessing Tapestry and TJX after weaker outlook signals. Month Ending 8/31/2026 APP $134BDT $13BHALO $12B
- Wedgewood Partners Bad Moon Rising Wedgewood added TJX Companies and Hermès, increased Amazon, and sold Copart while trimming Meta Platforms. The portfolio argues that Microsoft, Meta, Apple, Amazon, and Motorola Solutions can compound returns on AI investment, while Toll Brothers, Old Dominion, Taiwan Semiconductor, Hermès, and United Rentals retain durable operating advantages despite market pressure. Third Quarter 2026 MSI $88BAAPL $5.2TAMZN $2.9T
- Bretton Fund 2026 Q2 Shareholder Letter Bretton Fund added to UnitedHealth after its selloff and initiated SAP and Constellation Software, arguing that mission-critical enterprise and niche vertical software are more insulated from AI disruption than investors assume. The fund avoided the expensive AI data-center and memory boom, citing unsustainable capital spending and inflated semiconductor valuations. 2nd Quarter 2026 CNSWF $52BGOOGL $3.6TSAP $270B
- Bretton Fund 2026 Q1 Shareholder Letter American Express, Visa and Mastercard are defended as durable payment networks whose fraud protection, credit functions and exception handling are unlikely to be displaced by AI agents or crypto. Alphabet and Microsoft weakened with technology shares, while Ross Stores and TJX benefited from continued demand for discounted in-store apparel. 1st Quarter 2026 AXP $217BMA $576BV $794B
