In its Q2 2026 investor letter, Fundsmith Equity Fund highlighted The TJX Companies, Inc. (NYSE:TJX).
The TJX Companies, Inc. (NYSE:TJX) operates as an off-price apparel and home fashions retailer worldwide, which the Fund added to its portfolio during the quarter
On July 31, 2026, The TJX Companies, Inc. (NYSE:TJX) closed at $157.34 per share, reflecting a market capitalization of $173.81 billion. The TJX Companies, Inc. (NYSE:TJX) posted a one-month return of 3.99%, while its shares gained 21.76% over the past 52 weeks. Fundsmith Equity Fund stated the following regarding The TJX Companies, Inc. (NYSE:TJX) in its Q2 2026 investor update: “The TJX Companies, Inc. (NYSE:TJX) – TJX is the parent company of discount ‘off price’ retailers like TJ Maxx (TK Maxx in the UK) and Marshalls.
It has a highly agile supply chain and decades-long relationships with premium clothing brands, which allow it to buy excess inventory at steep discounts. TJX relies on a network of over 1,400 specialised buyers sourcing from 21,000 different global vendors, and creates an unpredictable ‘treasure hunt’ experience for shoppers that e commerce struggles to replicate. Growth comes from physical store expansion and taking market share from traditional department stores.