See Which Of The Latest 13F Filers Holds TJX Companies

At Holdings Channel, we have reviewed the latest batch of the 29 most recent 13F filings for the 03/31/2024 reporting period, and noticed that TJX Companies (Symbol: TJX) was held by 14 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.

Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.

Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in TJX positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000's)
Investment House LLC Existing -170+$48
Clayton Financial Group LLC NEW +9,918+$1,006
Cambiar Investors LLC Existing -300+$2,583
PFC Capital Group Inc. Existing UNCH+$17
Fortitude Advisory Group L.L.C. Existing -170+$19
Mascoma Wealth Management LLC Existing UNCH+$9
Empower Advisory Group LLC Existing -6,134+$674
Proficio Capital Partners LLC Existing +89+$39
Comprehensive Financial Consultants Institutional Inc. Existing +685+$232
Central Pacific Bank Trust Division NEW +21,127+$2,106
Shoker Investment Counsel Inc. NEW +2,021+$202
Jennison Associates LLC Existing +351,400+$104,439
Mutual of America Capital Management LLC Existing -2,462+$1,032
Centerpoint Advisors LLC Existing UNCH+$39
Aggregate Change: +376,004+$112,445

In terms of shares owned, we count 3 of the above funds having increased existing TJX positions from 12/31/2023 to 03/31/2024, with 5 having decreased their positions and 3 new positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the TJX share count in the aggregate among all of the funds which held TJX at the 03/31/2024 reporting period (out of the 2,563 we looked at in total). We then compared that number to the sum total of TJX shares those same funds held back at the 12/31/2023 period, to see how the aggregate share count held by hedge funds has moved for TJX. We found that between these two periods, funds reduced their holdings by 1,056,883 shares in the aggregate, from 112,649,088 down to 111,592,205 for a share count decline of approximately -0.94%. The overall top three funds holding TJX on 03/31/2024 were:

»FundShares of TJX Held
1.Bank of New York Mellon Corp 21,488,309
2.Alecta Tjanstepension Omsesidigt 12,182,565
3.Fiera Capital Corp 9,281,729
4-10Find out the full Top 10 Hedge Funds Holding TJX»

We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like TJX Companies (Symbol: TJX).

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Also see:

• GGZ Videos
• XYL shares outstanding history
• Funds Holding GXP

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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