Jensen Investment Management

Latest 13F filing

Q1 2026

filed May 5, 2026

Portfolio value

$5.07B

Positions

Top 10 concentration

57.7%

QoQ change

-20.2%

$-1.28B

Activity vs. Q4 2025

New positions

Added to

Unchanged

Reduced

Exited

Portfolio composition — Q1 2026

MSFTMicrosoft Corp8.5%
GOOGLAlphabet Inc Cap Stk Cl A8.2%
AAPLApple, Inc.8.0%
NVDANVIDIA Corp5.6%
AMZNAmazon.com Inc.5.0%
MAMastercard Inc4.8%
KLACKLA Corporation4.8%
SYKStryker Corp4.5%
LLYEli Lilly & Co.4.2%
SHWSherwin-Williams Co4.0%
Other74 more positions42.3%

Top buys

New & added positions, by size

AMZNADD
Amazon.com Inc.
$253.97M
+7.6%
MAADD
Mastercard Inc
$245.30M
+1.7%
SHWADD
Sherwin-Williams Co
$200.76M
+1.3%
MRSHADD
Marsh, Inc.
$199.68M
+6.2%
BRADD
Broadridge Financial Solutions
$139.05M
+11.2%

Top sells

Reduced & exited positions, biggest cuts first

BMYEXIT
Bristol Myers Squibb Co.
-100.0%
Exited
PAYXEXIT
Paychex Inc.
-100.0%
Exited
KELEXIT
Kellanova
-100.0%
Exited
ONEXIT
ON Semiconductor Corp
-100.0%
Exited
LULUEXIT
lululemon athletica inc.
-100.0%
Exited

Holdings as of Q1 2026

#	Ticker	Issuer	Shares	Value	% Portfolio	Reported price	Action	Δ Shares
1	MSFT	Microsoft Corp	1,171,009	$433.47M	8.55%	$370.17	REDUCE	-11.7%
2	GOOGL	Alphabet Inc Cap Stk Cl A	1,449,021	$416.68M	8.21%	$287.56	REDUCE	-5.4%
3	AAPL	Apple, Inc.	1,595,941	$405.03M	7.98%	$253.79	REDUCE	-19.3%
4	NVDA	NVIDIA Corp	1,632,015	$284.62M	5.61%	$174.40	REDUCE	-27.6%
5	AMZN	Amazon.com Inc.	1,219,422	$253.97M	5.01%	$208.27	ADD	+7.6%
6	MA	Mastercard Inc	490,929	$245.30M	4.84%	$499.66	ADD	+1.7%
7	KLAC	KLA Corporation	165,632	$243.88M	4.81%	$1472.41	REDUCE	-12.6%
8	SYK	Stryker Corp	696,367	$228.82M	4.51%	$328.59	REDUCE	-4.8%
9	LLY	Eli Lilly & Co.	230,671	$212.16M	4.18%	$919.77	REDUCE	-7.7%
10	SHW	Sherwin-Williams Co	626,286	$200.76M	3.96%	$320.55	ADD	+1.3%
11	MRSH	Marsh, Inc.	1,151,204	$199.68M	3.94%	$173.45	ADD	+6.2%
12	META	Meta Platforms, Inc. Class A	341,147	$195.18M	3.85%	$572.13	REDUCE	-6.8%
13	ABT	Abbott Labs	1,486,036	$152.57M	3.01%	$102.67	REDUCE	-20.7%
14	WM	Waste Management	651,328	$149.67M	2.95%	$229.79	REDUCE	-34.9%
15	PG	Procter & Gamble Co	997,406	$144.07M	2.84%	$144.44	REDUCE	-22.2%
16	EFX	Equifax Inc	783,100	$141.01M	2.78%	$180.07	REDUCE	-5.0%
17	CDNS	Cadence Design Systems, Inc.	505,861	$140.56M	2.77%	$277.87	REDUCE	-4.5%
18	BR	Broadridge Financial Solutions	855,784	$139.05M	2.74%	$162.48	ADD	+11.2%
19	AVGO	Broadcom, Inc.	445,649	$137.93M	2.72%	$309.51	ADD	+149.7%
20	VEEV	Veeva Systems Inc. Class A	566,467	$99.51M	1.96%	$175.66	ADD	+83.5%
21	VRSK	Verisk Analytics Inc	481,494	$91.36M	1.80%	$189.75	ADD	+8.1%
22	MCD	McDonald's Corp.	276,262	$85.86M	1.69%	$310.79	REDUCE	-37.7%
23	MSI	Motorola Solutions Inc.	169,491	$73.55M	1.45%	$433.97	REDUCE	-3.3%
24	CPRT	Copart Inc.	1,603,423	$53.23M	1.05%	$33.20	REDUCE	-26.1%
25	INTU	Intuit Inc.	103,535	$44.77M	0.88%	$432.38	REDUCE	-62.1%
26	APH	Amphenol Corp	225,363	$28.47M	0.56%	$126.35	REDUCE	-2.2%
27	ADP	Automatic Data Processing, Inc	104,897	$21.31M	0.42%	$203.18	REDUCE	-83.4%
28	ORCL	Oracle Corp	120,790	$17.77M	0.35%	$147.11	REDUCE	-2.9%
29	ECL	Ecolab Inc	58,860	$15.66M	0.31%	$266.02	REDUCE	-1.8%
30	JGRW	Jensen Quality Growth ETF	574,732	$13.97M	0.28%	$24.31	ADD	+11.0%
31	PEP	PepsiCo Inc.	81,335	$12.63M	0.25%	$155.29	REDUCE	-0.8%
32	ACN	Accenture plc Class A	58,324	$11.57M	0.23%	$198.29	REDUCE	-12.2%
33	WAT	Waters Corp	38,766	$11.54M	0.23%	$297.80	ADD	+0.1%
34	CL	Colgate-Palmolive Co	118,640	$10.11M	0.20%	$85.23	REDUCE	-0.2%
35	EMR	Emerson Elec Co	74,490	$9.76M	0.19%	$131.02	REDUCE	-0.5%
36	KO	Coca-Cola Co	111,651	$8.49M	0.17%	$76.05	REDUCE	-0.0%
37	AON	AON plc Registered Shs	25,569	$8.25M	0.16%	$322.78	ADD	+141.1%
38	ADBE	Adobe Inc	33,832	$8.22M	0.16%	$243.08	REDUCE	-2.2%
39	CTSH	Cognizant Technology Solutions	106,417	$6.53M	0.13%	$61.35	REDUCE	-1.2%
40	CCK	Crown Holdings Inc.	56,903	$5.70M	0.11%	$100.25	—	0%
41	TSM	Taiwan Semiconductor Manuf	16,427	$5.55M	0.11%	$337.95	REDUCE	-4.0%
42	LH	Labcorp Holdings, Inc.	18,480	$4.93M	0.10%	$266.81	REDUCE	-19.0%
43	EHC	Encompass Health Corp	50,660	$4.90M	0.10%	$96.73	—	0%
44	KR	Kroger Company	66,270	$4.80M	0.09%	$72.36	REDUCE	-17.4%
45	KEYS	Keysight Technologies, Inc.	16,962	$4.79M	0.09%	$282.37	REDUCE	-38.8%
46	CLX	Clorox Company	46,165	$4.78M	0.09%	$103.63	REDUCE	-32.6%
47	ROST	Ross Stores Inc	22,024	$4.77M	0.09%	$216.63	REDUCE	-18.3%
48	TSCO	Tractor Supply Co	97,780	$4.43M	0.09%	$45.30	—	0%
49	MSCI	MSCI, Inc.	7,750	$4.18M	0.08%	$539.01	REDUCE	-21.3%
50	MMM	3M Co.	27,629	$4.01M	0.08%	$145.23	REDUCE	-0.7%
51	NKE	Nike Inc	74,924	$3.96M	0.08%	$52.82	REDUCE	-2.4%
52	FFIV	F5 Networks Inc.	13,320	$3.85M	0.08%	$289.33	REDUCE	-5.5%
53	TJX	TJX Companies Inc	23,160	$3.70M	0.07%	$159.70	ADD	+0.0%
54	G	Genpact Limited	92,985	$3.46M	0.07%	$37.25	REDUCE	-20.3%
55	GWW	W.W. Grainger Inc.	3,140	$3.43M	0.07%	$1090.81	—	0%
56	RTX	Raytheon Technologies Corp	17,607	$3.40M	0.07%	$192.90	—	0%
57	CHD	Church & Dwight Co Inc	34,550	$3.22M	0.06%	$93.32	—	0%
58	GNTX	Gentex Corporation	133,540	$2.92M	0.06%	$21.85	—	0%
59	TROW	T Rowe Price Group Inc	31,950	$2.88M	0.06%	$90.14	—	0%
60	LEVI	Levi Strauss & Co	139,440	$2.58M	0.05%	$18.49	ADD	+17.5%
61	ABBV	AbbVie Inc.	11,144	$2.42M	0.05%	$217.49	—	0%
62	JNJ	Johnson & Johnson	9,767	$2.39M	0.05%	$244.44	REDUCE	-4.9%
63	APD	Air Products & Chemicals	7,695	$2.24M	0.04%	$290.49	REDUCE	-14.8%
64	TTC	Toro Company	23,313	$2.18M	0.04%	$93.44	REDUCE	-46.4%
65	IDXX	IDEXX Laboratories Inc.	3,570	$2.01M	0.04%	$561.89	REDUCE	-0.0%
66	DCI	Donaldson Co. Inc.	23,230	$1.97M	0.04%	$84.87	REDUCE	-42.0%
67	NDSN	Nordson Corporation	6,990	$1.86M	0.04%	$266.06	REDUCE	-42.0%
68	OMC	Omnicom Group Inc	22,054	$1.66M	0.03%	$75.31	REDUCE	-35.2%
69	BBY	Best Buy Co. Inc.	24,735	$1.59M	0.03%	$64.20	—	0%
70	URI	United Rentals, Inc.	2,171	$1.58M	0.03%	$728.56	ADD	+0.9%
71	FICO	Fair Isaac Corporation	1,250	$1.33M	0.03%	$1067.54	—	0%
72	DOX	Amdocs Limited	17,820	$1.16M	0.02%	$65.26	ADD	+92.6%
73	BAH	Booz Allen Hamilton Holding Co	13,850	$1.08M	0.02%	$78.03	REDUCE	-15.8%
74	RACE	Ferrari N.V.	2,682	$907.72K	0.02%	$338.45	ADD	+3.2%
75	—	Bajaj Finance Limited	95,800	$819.73K	0.02%	$8.56	—	0%
76	CPB	Campbell Soup Company	31,418	$699.68K	0.01%	$22.27	—	0%
77	GIS	General Mills Inc.	17,845	$664.19K	0.01%	$37.22	—	0%
78	LIN	Linde plc	1,290	$639.53K	0.01%	$495.76	—	0%
79	MANH	Manhattan Associates, Inc.	4,420	$588.39K	0.01%	$133.12	—	0%
80	HD	Home Depot Inc.	1,462	$480.84K	0.01%	$328.89	REDUCE	-41.4%
81	UNH	Unitedhealth Group Inc	1,491	$403.45K	0.01%	$270.59	REDUCE	-62.2%
82	BDX	Becton Dickinson & Co.	2,140	$336.47K	0.01%	$157.23	REDUCE	-13.9%
83	GPC	Genuine Parts Company	2,674	$282.78K	0.01%	$105.75	—	0%
84	TXN	Texas Instruments Inc	1,399	$271.60K	0.01%	$194.14	REDUCE	-85.5%

Positions exited in Q1 2026

Ticker	Issuer	Prior shares
BMY	Bristol Myers Squibb Co.	0
PAYX	Paychex Inc.	0
KEL	Kellanova	0
ON	ON Semiconductor Corp	21,406
LULU	lululemon athletica inc.	3,920
LII	Lennox International Inc.	0
SBUX	Starbucks Corp	0
MCHP	Microchip Technology Inc	0
MMS	MAXIMUS, Inc.	0
CRL	Charles River Laboratories	0
SOLV	Solventum Corp.	0
WSM	Williams Sonoma Inc	0
CBRE	CBRE Group Inc.	0
—	Laboratory Corp of America	0
MCO	Moody's Corp.	0
—	Kellanova	0
PFE	Pfizer Inc.	0
ULTA	Ulta Beauty, Inc.	0
POOL	Pool Corporation	0
TECH	Techne Corp	0
ZTS	Zoetis, Inc.	0
BALL	Ball Corporation	0
LSTR	Landstar System Inc.	5,350
HO1	Hologic Inc.	28,000
FDS	FactSet Research Systems Inc.	11,810
UPS	United Parcel Svc Cl B	0
MAR	Marriott International Inc	0

Source: SEC EDGAR 13F-HR filing May 5, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0001106129.