Jensen Investment Management Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Jensen Investment Management Inc. reported 84 stock positions worth $13.1 billion. Its top holding was Microsoft (MSFT) at 7.5% of the portfolio, followed by Alphabet Class A (GOOGL, 6.7%) and Accenture Class A (ACN, 6.4%). Compared with Q4 2023, it opened 5 new positions, sold out of 3, added to 11 and reduced 48. The biggest buy was a new position in Zoetis (ZTS) and the biggest sale an exit from Pfizer (PFE).

Most Recent 13F
Q2 2026
Location
Lake Oswego, OR
CIK
0001106129
Portfolio Value
$13.1B (Q1 2024)
SEC Filing
0001171200-24-000202 ↗ filed May 7, 2024

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $13.1B $13.1B Q1 2024 Q2 2024: $12.2B Q2 2024 Q3 2024: $12.0B Q3 2024 Q4 2024: $11.0B Q4 2024 Q1 2025: $9.0B Q1 2025 Q2 2025: $8.5B Q2 2025 Q3 2025: $8.1B Q3 2025 Q4 2025: $6.4B Q4 2025 Q1 2026: $5.1B Q1 2026 Q2 2026: $4.1B Q2 2026

Holdings 84 stocks · $13.1B
MSFT Microsoft Corp. 7.53% 2,342,114 $985.4M Reduce -9.1%
GOOGL Alphabet Inc. Class A 6.68% 5,796,244 $874.8M Reduce -7.9%
ACN Accenture PLC Class A 6.40% 2,416,163 $837.5M Reduce -0.4%
SYK Stryker Corp. 5.78% 2,114,915 $756.9M Reduce -8.4%
INTU Intuit Inc. 5.43% 1,094,629 $711.5M Reduce -0.4%
UNH Unitedhealth Group Inc. 5.14% 1,360,511 $673.0M Reduce -0.6%
AAPL Apple Inc. 5.11% 3,899,621 $668.7M Reduce -0.4%
MRSH Marsh & McLennan Cos 5.01% 3,186,076 $656.3M Add +8.0%
PEP Pepsico Inc. 4.15% 3,107,551 $543.9M Reduce -35.6%
MA Mastercard Inc. Class A 3.86% 1,049,377 $505.3M Reduce -0.5%
ADP Automatic Data Processing 3.76% 1,971,675 $492.4M Reduce -0.5%
SBUX Starbucks Corp. 3.37% 4,829,984 $441.4M Reduce -0.3%
NKE Nike Inc. Class B 3.29% 4,578,359 $430.3M Reduce -5.7%
EFX Equifax Inc. 3.14% 1,536,866 $411.1M Reduce -0.8%
TXN Texas Instruments Inc. 2.97% 2,230,211 $388.5M Reduce -0.0%
KLAC KLA Corp. 2.93% 548,990 $383.5M Add +0.0%
PG The Procter & Gamble Co. 2.89% 2,335,188 $378.9M Reduce -0.6%
WM Waste Management Inc. 2.81% 1,725,604 $367.8M Reduce -0.5%
BR Broadridge Financial Solutio 2.78% 1,776,877 $364.0M Reduce -0.3%
APH Amphenol Corp. Class A 2.62% 2,976,597 $343.4M Reduce -11.6%
HD Home Depot Inc. 2.50% 851,908 $326.8M Reduce -18.7%
JNJ Johnson & Johnson 2.44% 2,018,153 $319.3M Reduce -4.1%
ZTS Zoetis Inc. 2.03% 1,570,349 $265.7M New
VRSK Verisk Analytics Inc. 1.62% 900,115 $212.2M Reduce -0.1%
BALL Ball Corp. 1.56% 3,037,277 $204.6M Reduce -0.5%
MCD McDonald's Corp. 0.93% 431,362 $121.6M New
MCO Moody's Corp. 0.54% 179,101 $70.4M Reduce -58.0%
ADBE Adobe Inc. 0.17% 44,162 $22.3M Reduce -0.1%
ORCL Oracle Corp. 0.15% 152,060 $19.1M No change
WAT Waters Corp. 0.14% 54,342 $18.7M Reduce -7.3%
ECL Ecolab Inc. 0.12% 70,426 $16.3M Reduce -0.6%
ABT Abbott Laboratories 0.09% 103,378 $11.7M Reduce -0.0%
BDX Becton Dickinson and Co. 0.08% 43,701 $10.8M Reduce -12.9%
EMR Emerson Electric Co. 0.08% 93,920 $10.7M No change
CTSH Cognizant Tech Solutions-A 0.07% 130,260 $9.5M Reduce -0.6%
CL Colgate-Palmolive Co. 0.07% 97,759 $8.8M Reduce -0.8%
GIS General Mills Inc. 0.07% 123,295 $8.6M No change
EHC Encompass Health Corp. 0.06% 100,540 $8.3M Reduce -4.7%
OMC Omnicom Group 0.06% 82,741 $8.0M Reduce -1.1%
CPRT Copart Inc. 0.06% 137,810 $8.0M No change
KO The Coca-Cola Co. 0.06% 126,228 $7.7M Reduce -0.8%
CCK Crown Holdings Inc. 0.06% 91,228 $7.2M Add +11.8%
LH Laboratory CRP of Amer Hldgs 0.05% 32,300 $7.1M Reduce -1.3%
LII Lennox International Inc. 0.05% 14,080 $6.9M Reduce -7.2%
GPC Genuine Parts Co. 0.05% 44,370 $6.9M No change
KR Kroger Co. 0.05% 120,180 $6.9M Reduce -12.9%
TSCO Tractor Supply Company 0.05% 26,200 $6.9M No change
CRL Charles River Laboratories 0.05% 23,680 $6.4M Reduce -7.3%
BBY Best Buy Co. Inc. 0.05% 76,455 $6.3M Add +13.6%
G Genpact Ltd. 0.04% 178,575 $5.9M Add +16.7%
CHD Church & Dwight Co. Inc. 0.04% 56,010 $5.8M No change
K Kellanova 0.04% 100,447 $5.8M New
GNTX Gentex Corp. 0.04% 154,820 $5.6M No change
CPB The Campbell's Company filed as CAMPBELL SOUP CO 0.04% 120,828 $5.4M Add +16.8%
KEYS Keysight Technologies Inc. 0.04% 31,850 $5.0M No change
MCHP Microchip Technology Inc. 0.04% 55,080 $4.9M Reduce -24.4%
MANH Manhattan Associates Inc. 0.04% 19,530 $4.9M Reduce -18.8%
FDS Factset Research Systems Inc. 0.04% 10,750 $4.9M No change
LEVI Levi Strauss & Co. Class A 0.04% 238,140 $4.8M Reduce -7.9%
ULTA Ulta Beauty Inc. 0.03% 8,270 $4.3M Add +7.3%
CLX Clorox Company 0.03% 28,215 $4.3M No change
FFIV F5 Inc. 0.03% 22,750 $4.3M No change
DCI Donaldson Co. Inc. 0.03% 56,760 $4.2M No change
WSM Williams-Sonoma Inc. 0.03% 13,340 $4.2M Reduce -27.3%
BAH Booz Allen Hamilton Holdings 0.03% 28,380 $4.2M Add +74.0%
ABBV Abbvie Inc. 0.03% 22,227 $4.0M Reduce -0.0%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.03% 32,186 $3.9M Reduce -0.5%
MMS Maximus Inc. 0.03% 44,220 $3.7M Add +45.8%
TECH Bio-Techne Corp. 0.03% 52,060 $3.7M No change
UPS United Parcel Service Class B 0.03% 23,914 $3.6M Reduce -40.7%
TTC Toro Co. 0.03% 38,740 $3.5M No change
CBRE CBRE Group Inc. Class A 0.03% 35,770 $3.5M No change
MSCI MSCI Inc. 0.03% 6,130 $3.4M New
URI United Rentals Inc. 0.03% 4,650 $3.4M Reduce -37.1%
POOL Pool Corp. 0.03% 8,240 $3.3M No change
MMM 3M Co. 0.02% 29,380 $3.1M Reduce -4.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 29,355 $3.0M Reduce -42.8%
TSM Taiwan Semiconductor-SP ADR 0.02% 20,040 $2.7M Add +10.3%
AON Aon PLC Class A 0.02% 7,500 $2.5M Add +40.5%
ON On Semiconductor 0.02% 31,030 $2.3M New
RTX RTX Corp. 0.02% 20,720 $2.0M Reduce -1.6%
BMY Bristol-Myers Squibb Co. 0.01% 26,375 $1.4M No change
PAYX Paychex Inc. 0.01% 9,830 $1.2M No change
LIN Linde PLC 0.01% 1,505 $699K No change

Portfolio Sells Q4 2023 → Q1 2024
PFE Pfizer Inc. Sold out 0.00% −2.57
PEP Pepsico Inc. Reduce -35.6% 4.15% −2.05
MCO Moody's Corp. Reduce -58.0% 0.54% −0.73
NKE Nike Inc. Class B Reduce -5.7% 3.29% −0.71
AAPL Apple Inc. Reduce -0.4% 5.11% −0.60
UNH Unitedhealth Group Inc. Reduce -0.6% 5.14% −0.32
HD Home Depot Inc. Reduce -18.7% 2.50% −0.25
SBUX Starbucks Corp. Reduce -0.3% 3.37% −0.15
JNJ Johnson & Johnson Reduce -4.1% 2.44% −0.06
ACN Accenture PLC Class A Reduce -0.4% 6.40% −0.05
KELLANOVA Sold out 0.00% −0.04
ADBE Adobe Inc. Reduce -0.1% 0.17% −0.03
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.02
UPS United Parcel Service Class B Reduce -40.7% 0.03% −0.02
TJX TJX Companies Inc. Reduce -42.8% 0.02% −0.01
MCHP Microchip Technology Inc. Reduce -24.4% 0.04% −0.01
BDX Becton Dickinson and Co. Reduce -12.9% 0.08% −0.01
VRSK Verisk Analytics Inc. Reduce -0.1% 1.62% −0.01
URI United Rentals Inc. Reduce -37.1% 0.03% −0.01
WAT Waters Corp. Reduce -7.3% 0.14% −0.00
LH Laboratory CRP of Amer Hldgs Reduce -1.3% 0.05% −0.00
CTSH Cognizant Tech Solutions-A Reduce -0.6% 0.07% −0.00
MANH Manhattan Associates Inc. Reduce -18.8% 0.04% −0.00
MMM 3M Co. Reduce -4.7% 0.02% −0.00
LII Lennox International Inc. Reduce -7.2% 0.05% +0.00
BR Broadridge Financial Solutio Reduce -0.3% 2.78% +0.00
RTX RTX Corp. Reduce -1.6% 0.02% +0.00
KO The Coca-Cola Co. Reduce -0.8% 0.06% +0.00
CRL Charles River Laboratories Reduce -7.3% 0.05% +0.00
ABT Abbott Laboratories Reduce -0.0% 0.09% +0.00
TROW T Rowe Price Group Inc. Reduce -0.5% 0.03% +0.00
LEVI Levi Strauss & Co. Class A Reduce -7.9% 0.04% +0.00
WSM Williams-Sonoma Inc. Reduce -27.3% 0.03% +0.00
KR Kroger Co. Reduce -12.9% 0.05% +0.00
ABBV Abbvie Inc. Reduce -0.0% 0.03% +0.00
OMC Omnicom Group Reduce -1.1% 0.06% +0.01
CL Colgate-Palmolive Co. Reduce -0.8% 0.07% +0.01
EHC Encompass Health Corp. Reduce -4.7% 0.06% +0.01
ECL Ecolab Inc. Reduce -0.6% 0.12% +0.02
GOOGL Alphabet Inc. Class A Reduce -7.9% 6.68% +0.02
TXN Texas Instruments Inc. Reduce -0.0% 2.97% +0.09
APH Amphenol Corp. Class A Reduce -11.6% 2.62% +0.09
MSFT Microsoft Corp. Reduce -9.1% 7.53% +0.19
INTU Intuit Inc. Reduce -0.4% 5.43% +0.23
BALL Ball Corp. Reduce -0.5% 1.56% +0.23
EFX Equifax Inc. Reduce -0.8% 3.14% +0.24
ADP Automatic Data Processing Reduce -0.5% 3.76% +0.26
PG The Procter & Gamble Co. Reduce -0.6% 2.89% +0.29
MA Mastercard Inc. Class A Reduce -0.5% 3.86% +0.45
WM Waste Management Inc. Reduce -0.5% 2.81% +0.46

Portfolio Buys Q4 2023 → Q1 2024
ZTS Zoetis Inc. New 2.03% +2.03
MCD McDonald's Corp. New 0.93% +0.93
MRSH Marsh & McLennan Cos Add +8.0% 5.01% +0.78
KLAC KLA Corp. Add +0.0% 2.93% +0.51
K Kellanova New 0.04% +0.04
MSCI MSCI Inc. New 0.03% +0.03
ON On Semiconductor New 0.02% +0.02
BAH Booz Allen Hamilton Holdings Add +74.0% 0.03% +0.02
MMS Maximus Inc. Add +45.8% 0.03% +0.01
BBY Best Buy Co. Inc. Add +13.6% 0.05% +0.01
AON Aon PLC Class A Add +40.5% 0.02% +0.01
CPB The Campbell's Company Add +16.8% 0.04% +0.01
TSM Taiwan Semiconductor-SP ADR Add +10.3% 0.02% +0.01
G Genpact Ltd. Add +16.7% 0.04% +0.00
ULTA Ulta Beauty Inc. Add +7.3% 0.03% +0.00
CCK Crown Holdings Inc. Add +11.8% 0.06% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 83$4.1BGOOGL, MSFT, AMZN, AAPL, NVDA
Q1 2026 84$5.1BMSFT, GOOGL, AAPL, NVDA, AMZN
Q4 2025 89$6.4BMSFT, AAPL, GOOGL, NVDA, MA
Q3 2025 87$8.1BMSFT, AAPL, MRSH, SYK, GOOGL
Q2 2025 83$8.5BMSFT, SYK, MRSH, INTU, AAPL
Q1 2025 84$9.0BMSFT, MRSH, AAPL, ACN, SYK
Q4 2024 85$11.0BMSFT, AAPL, ACN, MRSH, SYK
Q3 2024 87$12.0BMSFT, AAPL, ACN, MRSH, SYK
Q2 2024 87$12.2BMSFT, GOOGL, AAPL, ACN, INTU
Q1 2024 84$13.1BMSFT, GOOGL, ACN, SYK, INTU