Jensen Investment Management Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 5, 2024), Jensen Investment Management Inc. reported 87 stock positions worth $12.2 billion. Its top holding was Microsoft (MSFT) at 8.1% of the portfolio, followed by Alphabet Class A (GOOGL, 7.0%) and Apple (AAPL, 6.7%). Compared with Q1 2024, it opened 4 new positions, sold out of 2, added to 16 and reduced 40. The biggest buy was a new position in Sherwin-Williams (SHW) and the biggest sale Unitedhealth (UNH, shares −29%).

Most Recent 13F
Q2 2026
Location
Lake Oswego, OR
CIK
0001106129
Portfolio Value
$12.2B (Q2 2024)
SEC Filing
0001171200-24-000243 ↗ filed Aug 5, 2024

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $13.1B Q1 2024 Q2 2024: $12.2B $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 87 stocks · $12.2B
MSFT Microsoft Corp. 8.08% 2,208,271 $987.0M Reduce -5.7%
GOOGL Alphabet Inc. Class A 7.02% 4,711,234 $858.2M Reduce -18.7%
AAPL Apple Inc. 6.69% 3,884,083 $818.1M Reduce -0.4%
ACN Accenture PLC Class A 6.07% 2,442,792 $741.2M Add +1.1%
INTU Intuit Inc. 5.59% 1,040,174 $683.6M Reduce -5.0%
MRSH Marsh & McLennan Cos 5.56% 3,226,258 $679.8M Add +1.3%
SYK Stryker Corp. 5.44% 1,954,455 $665.0M Reduce -7.6%
UNH Unitedhealth Group Inc. 4.03% 966,191 $492.0M Reduce -29.0%
KLAC KLA Corp. 3.85% 571,035 $470.8M Add +4.0%
PEP Pepsico Inc. 3.70% 2,738,711 $451.7M Reduce -11.9%
MA Mastercard Inc. Class A 3.65% 1,010,206 $445.7M Reduce -3.7%
ADP Automatic Data Processing 3.62% 1,854,410 $442.6M Reduce -6.0%
TXN Texas Instruments Inc. 3.46% 2,173,826 $422.9M Reduce -2.5%
EFX Equifax Inc. 2.99% 1,505,501 $365.0M Reduce -2.0%
BR Broadridge Financial Solutio 2.80% 1,738,280 $342.4M Reduce -2.2%
ZTS Zoetis Inc. 2.79% 1,965,541 $340.7M Add +25.2%
WM Waste Management Inc. 2.78% 1,591,789 $339.6M Reduce -7.8%
PG The Procter & Gamble Co. 2.68% 1,983,663 $327.1M Reduce -15.1%
SBUX Starbucks Corp. 2.33% 3,653,969 $284.5M Reduce -24.4%
NKE Nike Inc. Class B 2.27% 3,686,612 $277.9M Reduce -19.5%
JNJ Johnson & Johnson 2.27% 1,898,839 $277.5M Reduce -5.9%
APH Amphenol Corp. Class A 2.19% 3,967,544 $267.3M Reduce -33.4%
VRSK Verisk Analytics Inc. 1.87% 847,900 $228.6M Reduce -5.8%
HD Home Depot Inc. 1.46% 519,179 $178.7M Reduce -39.1%
SHW The Sherwin-Williams Co. 1.39% 568,878 $169.8M New
MCD McDonald's Corp. 1.37% 654,925 $166.9M Add +51.8%
BALL Ball Corp. 1.23% 2,512,921 $150.8M Reduce -17.3%
ADBE Adobe Inc. 0.20% 44,162 $24.5M No change
ORCL Oracle Corp. 0.17% 149,084 $21.1M Reduce -2.0%
ECL Ecolab Inc. 0.14% 70,426 $16.8M No change
WAT Waters Corp. 0.12% 49,342 $14.3M Reduce -9.2%
ABT Abbott Laboratories 0.09% 103,378 $10.7M No change
EMR Emerson Electric Co. 0.08% 93,920 $10.3M No change
CL Colgate-Palmolive Co. 0.08% 97,759 $9.5M No change
BDX Becton Dickinson and Co. 0.08% 40,167 $9.4M Reduce -8.1%
CTSH Cognizant Tech Solutions-A 0.07% 125,664 $8.5M Reduce -3.5%
EHC Encompass Health Corp. 0.07% 94,410 $8.1M Reduce -6.1%
KO The Coca-Cola Co. 0.07% 126,228 $8.0M No change
GIS General Mills Inc. 0.06% 123,295 $7.8M No change
CPRT Copart Inc. 0.06% 137,810 $7.5M No change
LH Labcorp Holdings Inc. 0.06% 35,690 $7.3M Add +10.5%
OMC Omnicom Group 0.06% 79,541 $7.1M Reduce -3.9%
CCK Crown Holdings Inc. 0.06% 93,638 $7.0M Add +2.6%
TSCO Tractor Supply Company 0.05% 24,460 $6.6M Reduce -6.6%
LII Lennox International Inc. 0.05% 11,770 $6.3M Reduce -16.4%
KR Kroger Co. 0.05% 120,630 $6.0M Add +0.4%
GPC Genuine Parts Co. 0.05% 42,590 $5.9M Reduce -4.0%
CHD Church & Dwight Co. Inc. 0.05% 56,010 $5.8M No change
K Kellanova 0.05% 100,447 $5.8M No change
G Genpact Ltd. 0.05% 178,575 $5.7M No change
BBY Best Buy Co. Inc. 0.04% 64,955 $5.5M Reduce -15.0%
CPB The Campbell's Company filed as CAMPBELL SOUP CO 0.04% 120,828 $5.5M No change
GNTX Gentex Corp. 0.04% 154,820 $5.2M No change
MANH Manhattan Associates Inc. 0.04% 19,530 $4.8M No change
BAH Booz Allen Hamilton Holdings 0.04% 30,900 $4.8M Add +8.9%
KEYS Keysight Technologies Inc. 0.04% 34,650 $4.7M Add +8.8%
FFIV F5 Inc. 0.04% 26,860 $4.6M Add +18.1%
MCHP Microchip Technology Inc. 0.04% 49,430 $4.5M Reduce -10.3%
MSCI MSCI Inc. 0.04% 9,270 $4.5M Add +51.2%
FDS Factset Research Systems Inc. 0.04% 10,750 $4.4M No change
DCI Donaldson Co. Inc. 0.03% 56,760 $4.1M No change
VEEV Veeva Systems Inc. Class A 0.03% 21,230 $3.9M New
CLX Clorox Company 0.03% 28,215 $3.9M No change
ABBV Abbvie Inc. 0.03% 22,227 $3.8M No change
MMS Maximus Inc. 0.03% 44,220 $3.8M No change
TECH Bio-Techne Corp. 0.03% 52,060 $3.7M No change
ULTA Ulta Beauty Inc. 0.03% 9,610 $3.7M Add +16.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.03% 31,950 $3.7M Reduce -0.7%
TTC Toro Co. 0.03% 38,740 $3.6M No change
TSM Taiwan Semiconductor-SP ADR 0.03% 20,368 $3.5M Add +1.6%
WSM Williams-Sonoma Inc. 0.03% 11,740 $3.3M Reduce -12.0%
CRL Charles River Laboratories 0.03% 15,910 $3.3M Reduce -32.8%
UPS United Parcel Service Class B 0.03% 23,814 $3.3M Reduce -0.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 29,355 $3.2M No change
URI United Rentals Inc. 0.02% 4,650 $3.0M No change
LEVI Levi Strauss & Co. Class A 0.02% 147,630 $2.8M Reduce -38.0%
MMM 3M Co. 0.02% 27,840 $2.8M Reduce -5.2%
AON Aon PLC Class A 0.02% 8,760 $2.6M Add +16.8%
POOL Pool Corp. 0.02% 8,240 $2.5M No change
IDXX Idexx Laboratories Inc. 0.02% 5,120 $2.5M New
ON On Semiconductor 0.02% 33,890 $2.3M Add +9.2%
APD Air Products & Chemicals Inc. 0.02% 7,980 $2.1M New
RTX RTX Corp. 0.01% 17,756 $1.8M Reduce -14.3%
PAYX Paychex Inc. 0.01% 9,830 $1.2M No change
BMY Bristol-Myers Squibb Co. 0.01% 26,375 $1.1M No change
LIN Linde PLC 0.01% 1,505 $660K No change
SOLV Solventum Corp. 0.00% 6,635 $351K Reduce -9.7%

Portfolio Sells Q1 2024 → Q2 2024
UNH Unitedhealth Group Inc. Reduce -29.0% 4.03% −1.11
SBUX Starbucks Corp. Reduce -24.4% 2.33% −1.04
HD Home Depot Inc. Reduce -39.1% 1.46% −1.03
NKE Nike Inc. Class B Reduce -19.5% 2.27% −1.01
MCO Moody's Corp. Sold out 0.00% −0.54
PEP Pepsico Inc. Reduce -11.9% 3.70% −0.46
APH Amphenol Corp. Class A Reduce -33.4% 2.19% −0.44
SYK Stryker Corp. Reduce -7.6% 5.44% −0.34
BALL Ball Corp. Reduce -17.3% 1.23% −0.33
PG The Procter & Gamble Co. Reduce -15.1% 2.68% −0.22
MA Mastercard Inc. Class A Reduce -3.7% 3.65% −0.21
JNJ Johnson & Johnson Reduce -5.9% 2.27% −0.17
EFX Equifax Inc. Reduce -2.0% 2.99% −0.15
ADP Automatic Data Processing Reduce -6.0% 3.62% −0.14
WM Waste Management Inc. Reduce -7.8% 2.78% −0.03
CBRE CBRE Group Inc. Class A Sold out 0.00% −0.03
WAT Waters Corp. Reduce -9.2% 0.12% −0.03
CRL Charles River Laboratories Reduce -32.8% 0.03% −0.02
LEVI Levi Strauss & Co. Class A Reduce -38.0% 0.02% −0.01
BDX Becton Dickinson and Co. Reduce -8.1% 0.08% −0.01
WSM Williams-Sonoma Inc. Reduce -12.0% 0.03% −0.01
GPC Genuine Parts Co. Reduce -4.0% 0.05% −0.00
BBY Best Buy Co. Inc. Reduce -15.0% 0.04% −0.00
CTSH Cognizant Tech Solutions-A Reduce -3.5% 0.07% −0.00
OMC Omnicom Group Reduce -3.9% 0.06% −0.00
LII Lennox International Inc. Reduce -16.4% 0.05% −0.00
RTX RTX Corp. Reduce -14.3% 0.01% −0.00
MCHP Microchip Technology Inc. Reduce -10.3% 0.04% −0.00
MMM 3M Co. Reduce -5.2% 0.02% −0.00
UPS United Parcel Service Class B Reduce -0.4% 0.03% −0.00
SOLV Solventum Corp. Reduce -9.7% 0.00% −0.00
TROW T Rowe Price Group Inc. Reduce -0.7% 0.03% +0.00
TSCO Tractor Supply Company Reduce -6.6% 0.05% +0.00
EHC Encompass Health Corp. Reduce -6.1% 0.07% +0.00
BR Broadridge Financial Solutio Reduce -2.2% 2.80% +0.02
ORCL Oracle Corp. Reduce -2.0% 0.17% +0.03
INTU Intuit Inc. Reduce -5.0% 5.59% +0.16
VRSK Verisk Analytics Inc. Reduce -5.8% 1.87% +0.25
GOOGL Alphabet Inc. Class A Reduce -18.7% 7.02% +0.34
TXN Texas Instruments Inc. Reduce -2.5% 3.46% +0.49
MSFT Microsoft Corp. Reduce -5.7% 8.08% +0.55
AAPL Apple Inc. Reduce -0.4% 6.69% +1.59

Portfolio Buys Q1 2024 → Q2 2024
SHW The Sherwin-Williams Co. New 1.39% +1.39
KLAC KLA Corp. Add +4.0% 3.85% +0.92
ZTS Zoetis Inc. Add +25.2% 2.79% +0.76
MRSH Marsh & McLennan Cos Add +1.3% 5.56% +0.55
MCD McDonald's Corp. Add +51.8% 1.37% +0.44
VEEV Veeva Systems Inc. Class A New 0.03% +0.03
IDXX Idexx Laboratories Inc. New 0.02% +0.02
APD Air Products & Chemicals Inc. New 0.02% +0.02
MSCI MSCI Inc. Add +51.2% 0.04% +0.01
TSM Taiwan Semiconductor-SP ADR Add +1.6% 0.03% +0.01
BAH Booz Allen Hamilton Holdings Add +8.9% 0.04% +0.01
LH Labcorp Holdings Inc. Add +10.5% 0.06% +0.01
FFIV F5 Inc. Add +18.1% 0.04% +0.00
AON Aon PLC Class A Add +16.8% 0.02% +0.00
CCK Crown Holdings Inc. Add +2.6% 0.06% +0.00
ON On Semiconductor Add +9.2% 0.02% +0.00
KEYS Keysight Technologies Inc. Add +8.8% 0.04% +0.00
ULTA Ulta Beauty Inc. Add +16.2% 0.03% −0.00
KR Kroger Co. Add +0.4% 0.05% −0.00
ACN Accenture PLC Class A Add +1.1% 6.07% −0.33

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