Jensen Investment Management Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), Jensen Investment Management Inc. reported 87 stock positions worth $12.0 billion. Its top holding was Microsoft (MSFT) at 7.6% of the portfolio, followed by Apple (AAPL, 7.1%) and Accenture Class A (ACN, 6.8%). Compared with Q2 2024, it opened 1 new position, sold out of 1, added to 24 and reduced 42. The biggest buy was Copart (CPRT, shares +2466%) and the biggest sale Alphabet Class A (GOOGL, shares −20%).

Most Recent 13F
Q2 2026
Location
Lake Oswego, OR
CIK
0001106129
Portfolio Value
$12.0B (Q3 2024)
SEC Filing
0001171200-24-000330 ↗ filed Nov 4, 2024

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $13.1B Q1 2024 Q2 2024: $12.2B Q2 2024 Q3 2024: $12.0B $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 · $12.0B
MSFT Microsoft Corp. 7.63% 2,121,385 $912.8M Reduce -3.9%
AAPL Apple Inc. 7.15% 3,667,698 $854.6M Reduce -5.6%
ACN Accenture PLC Class A 6.83% 2,312,038 $817.3M Reduce -5.3%
MRSH Marsh & McLennan Cos 5.69% 3,050,831 $680.6M Reduce -5.4%
SYK Stryker Corp. 5.54% 1,833,422 $662.3M Reduce -6.2%
GOOGL Alphabet Inc. Class A 5.19% 3,746,210 $621.3M Reduce -20.5%
INTU Intuit Inc. 5.11% 983,290 $610.6M Reduce -5.5%
ADP Automatic Data Processing 4.06% 1,755,115 $485.7M Reduce -5.3%
MA Mastercard Inc. Class A 3.94% 954,574 $471.4M Reduce -5.5%
PEP Pepsico Inc. 3.68% 2,591,236 $440.6M Reduce -5.4%
UNH Unitedhealth Group Inc. 3.55% 727,035 $425.1M Reduce -24.8%
ZTS Zoetis Inc. 3.51% 2,150,370 $420.1M Add +9.4%
KLAC KLA Corp. 3.50% 541,255 $419.2M Reduce -5.2%
TXN Texas Instruments Inc. 3.21% 1,861,240 $384.5M Reduce -14.4%
EFX Equifax Inc. 3.05% 1,241,945 $365.0M Reduce -17.5%
BR Broadridge Financial Solutio 2.95% 1,643,215 $353.3M Reduce -5.5%
PG The Procter & Gamble Co. 2.67% 1,843,369 $319.3M Reduce -7.1%
WM Waste Management Inc. 2.61% 1,501,810 $311.8M Reduce -5.7%
NKE Nike Inc. Class B 2.54% 3,435,198 $303.7M Reduce -6.8%
JNJ Johnson & Johnson 2.29% 1,688,595 $273.7M Reduce -11.1%
SHW The Sherwin-Williams Co. 1.73% 541,451 $206.7M Reduce -4.8%
APH Amphenol Corp. Class A 1.69% 3,095,660 $201.7M Reduce -22.0%
HD Home Depot Inc. 1.66% 490,113 $198.6M Reduce -5.6%
MCD McDonald's Corp. 1.57% 617,182 $187.9M Reduce -5.8%
VRSK Verisk Analytics Inc. 1.56% 698,267 $187.1M Reduce -17.6%
CPRT Copart Inc. 1.55% 3,536,233 $185.3M Add +2466.0%
BALL Ball Corp. 1.30% 2,287,380 $155.3M Reduce -9.0%
SBUX Starbucks Corp. 1.07% 1,317,511 $128.4M Reduce -63.9%
ORCL Oracle Corp. 0.21% 149,084 $25.4M No change
ADBE Adobe Inc. 0.19% 43,992 $22.8M Reduce -0.4%
ECL Ecolab Inc. 0.15% 70,364 $18.0M Reduce -0.1%
WAT Waters Corp. 0.14% 47,952 $17.3M Reduce -2.8%
ABT Abbott Laboratories 0.10% 103,378 $11.8M No change
EMR Emerson Electric Co. 0.09% 93,430 $10.2M Reduce -0.5%
CL Colgate-Palmolive Co. 0.08% 97,759 $10.1M No change
CTSH Cognizant Tech Solutions-A 0.08% 125,609 $9.7M Reduce -0.0%
CCK Crown Holdings Inc. 0.08% 100,918 $9.7M Add +7.8%
GIS General Mills Inc. 0.08% 130,715 $9.7M Add +6.0%
CLX Clorox Company 0.08% 58,155 $9.5M Add +106.1%
BDX Becton Dickinson and Co. 0.08% 38,662 $9.3M Reduce -3.8%
KO The Coca-Cola Co. 0.08% 126,228 $9.1M No change
EHC Encompass Health Corp. 0.07% 92,210 $8.9M Reduce -2.3%
OMC Omnicom Group 0.07% 79,266 $8.2M Reduce -0.3%
LH Labcorp Holdings Inc. 0.07% 36,590 $8.2M Add +2.5%
G Genpact Ltd. 0.06% 189,985 $7.4M Add +6.4%
TSCO Tractor Supply Company 0.06% 25,230 $7.3M Add +3.1%
BAH Booz Allen Hamilton Holdings 0.06% 43,060 $7.0M Add +39.4%
KR Kroger Co. 0.06% 120,630 $6.9M No change
GPC Genuine Parts Co. 0.06% 48,430 $6.8M Add +13.7%
CPB The Campbell's Company filed as CAMPBELL SOUP CO 0.05% 125,028 $6.1M Add +3.5%
MSCI MSCI Inc. 0.05% 10,350 $6.0M Add +11.7%
KEYS Keysight Technologies Inc. 0.05% 37,610 $6.0M Add +8.5%
BBY Best Buy Co. Inc. 0.05% 56,875 $5.9M Reduce -12.4%
CHD Church & Dwight Co. Inc. 0.05% 56,010 $5.9M No change
FDS Factset Research Systems Inc. 0.05% 12,000 $5.5M Add +11.6%
MANH Manhattan Associates Inc. 0.05% 19,530 $5.5M No change
FFIV F5 Inc. 0.05% 24,940 $5.5M Reduce -7.2%
GNTX Gentex Corp. 0.04% 172,120 $5.1M Add +11.2%
LII Lennox International Inc. 0.04% 8,200 $5.0M Reduce -30.3%
DCI Donaldson Co. Inc. 0.04% 67,040 $4.9M Add +18.1%
VEEV Veeva Systems Inc. Class A 0.04% 23,251 $4.9M Add +9.5%
ULTA Ulta Beauty Inc. 0.04% 11,330 $4.4M Add +17.9%
ABBV Abbvie Inc. 0.04% 22,227 $4.4M No change
LEVI Levi Strauss & Co. Class A 0.04% 200,970 $4.4M Add +36.1%
TECH Bio-Techne Corp. 0.04% 54,760 $4.4M Add +5.2%
MMS Maximus Inc. 0.03% 44,220 $4.1M No change
IDXX Idexx Laboratories Inc. 0.03% 8,090 $4.1M Add +58.0%
TTC Toro Co. 0.03% 45,550 $4.0M Add +17.6%
APD Air Products & Chemicals Inc. 0.03% 13,170 $3.9M Add +65.0%
MMM 3M Co. 0.03% 27,840 $3.8M No change
URI United Rentals Inc. 0.03% 4,650 $3.8M No change
MCHP Microchip Technology Inc. 0.03% 46,850 $3.8M Reduce -5.2%
TSM Taiwan Semiconductor-SP ADR 0.03% 20,368 $3.5M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.03% 31,950 $3.5M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 27,951 $3.3M Reduce -4.8%
UPS United Parcel Service Class B 0.03% 23,814 $3.2M No change
AON Aon PLC Class A 0.03% 8,760 $3.0M No change
ON On Semiconductor 0.02% 40,710 $3.0M Add +20.1%
CRL Charles River Laboratories 0.02% 12,180 $2.4M Reduce -23.4%
RTX RTX Corp. 0.02% 17,756 $2.2M No change
POOL Pool Corp. 0.01% 4,750 $1.8M Reduce -42.4%
BMY Bristol-Myers Squibb Co. 0.01% 26,375 $1.4M No change
PAYX Paychex Inc. 0.01% 9,830 $1.3M No change
K Kellanova 0.01% 14,127 $1.1M Reduce -85.9%
MAR Marriott International Class A 0.01% 3,190 $793K New
LIN Linde PLC 0.01% 1,505 $718K No change
SOLV Solventum Corp. 0.00% 6,635 $463K No change

Portfolio Sells Q2 2024 → Q3 2024
GOOGL Alphabet Inc. Class A Reduce -20.5% 5.19% −1.83
SBUX Starbucks Corp. Reduce -63.9% 1.07% −1.25
APH Amphenol Corp. Class A Reduce -22.0% 1.69% −0.50
INTU Intuit Inc. Reduce -5.5% 5.11% −0.49
UNH Unitedhealth Group Inc. Reduce -24.8% 3.55% −0.47
MSFT Microsoft Corp. Reduce -3.9% 7.63% −0.44
KLAC KLA Corp. Reduce -5.2% 3.50% −0.35
VRSK Verisk Analytics Inc. Reduce -17.6% 1.56% −0.31
TXN Texas Instruments Inc. Reduce -14.4% 3.21% −0.25
WM Waste Management Inc. Reduce -5.7% 2.61% −0.17
K Kellanova Reduce -85.9% 0.01% −0.04
WSM Williams-Sonoma Inc. Sold out 0.00% −0.03
PEP Pepsico Inc. Reduce -5.4% 3.68% −0.01
ADBE Adobe Inc. Reduce -0.4% 0.19% −0.01
LII Lennox International Inc. Reduce -30.3% 0.04% −0.01
PG The Procter & Gamble Co. Reduce -7.1% 2.67% −0.01
CRL Charles River Laboratories Reduce -23.4% 0.02% −0.01
POOL Pool Corp. Reduce -42.4% 0.01% −0.01
MCHP Microchip Technology Inc. Reduce -5.2% 0.03% −0.01
EMR Emerson Electric Co. Reduce -0.5% 0.09% +0.00
TJX TJX Companies Inc. Reduce -4.8% 0.03% +0.00
BDX Becton Dickinson and Co. Reduce -3.8% 0.08% +0.00
BBY Best Buy Co. Inc. Reduce -12.4% 0.05% +0.00
FFIV F5 Inc. Reduce -7.2% 0.05% +0.01
EHC Encompass Health Corp. Reduce -2.3% 0.07% +0.01
OMC Omnicom Group Reduce -0.3% 0.07% +0.01
CTSH Cognizant Tech Solutions-A Reduce -0.0% 0.08% +0.01
ECL Ecolab Inc. Reduce -0.1% 0.15% +0.01
JNJ Johnson & Johnson Reduce -11.1% 2.29% +0.02
WAT Waters Corp. Reduce -2.8% 0.14% +0.03
EFX Equifax Inc. Reduce -17.5% 3.05% +0.06
BALL Ball Corp. Reduce -9.0% 1.30% +0.06
SYK Stryker Corp. Reduce -6.2% 5.54% +0.10
MRSH Marsh & McLennan Cos Reduce -5.4% 5.69% +0.13
BR Broadridge Financial Solutio Reduce -5.5% 2.95% +0.15
HD Home Depot Inc. Reduce -5.6% 1.66% +0.20
MCD McDonald's Corp. Reduce -5.8% 1.57% +0.21
NKE Nike Inc. Class B Reduce -6.8% 2.54% +0.27
MA Mastercard Inc. Class A Reduce -5.5% 3.94% +0.29
SHW The Sherwin-Williams Co. Reduce -4.8% 1.73% +0.34
ADP Automatic Data Processing Reduce -5.3% 4.06% +0.44
AAPL Apple Inc. Reduce -5.6% 7.15% +0.45
ACN Accenture PLC Class A Reduce -5.3% 6.83% +0.77

Portfolio Buys Q2 2024 → Q3 2024
CPRT Copart Inc. Add +2466.0% 1.55% +1.49
ZTS Zoetis Inc. Add +9.4% 3.51% +0.72
CLX Clorox Company Add +106.1% 0.08% +0.05
CCK Crown Holdings Inc. Add +7.8% 0.08% +0.02
BAH Booz Allen Hamilton Holdings Add +39.4% 0.06% +0.02
GIS General Mills Inc. Add +6.0% 0.08% +0.02
APD Air Products & Chemicals Inc. Add +65.0% 0.03% +0.02
G Genpact Ltd. Add +6.4% 0.06% +0.02
MSCI MSCI Inc. Add +11.7% 0.05% +0.01
IDXX Idexx Laboratories Inc. Add +58.0% 0.03% +0.01
LEVI Levi Strauss & Co. Class A Add +36.1% 0.04% +0.01
KEYS Keysight Technologies Inc. Add +8.5% 0.05% +0.01
FDS Factset Research Systems Inc. Add +11.6% 0.05% +0.01
VEEV Veeva Systems Inc. Class A Add +9.5% 0.04% +0.01
LH Labcorp Holdings Inc. Add +2.5% 0.07% +0.01
GPC Genuine Parts Co. Add +13.7% 0.06% +0.01
DCI Donaldson Co. Inc. Add +18.1% 0.04% +0.01
TSCO Tractor Supply Company Add +3.1% 0.06% +0.01
MAR Marriott International Class A New 0.01% +0.01
CPB The Campbell's Company Add +3.5% 0.05% +0.01
ULTA Ulta Beauty Inc. Add +17.9% 0.04% +0.01
TECH Bio-Techne Corp. Add +5.2% 0.04% +0.01
ON On Semiconductor Add +20.1% 0.02% +0.01
TTC Toro Co. Add +17.6% 0.03% +0.00
GNTX Gentex Corp. Add +11.2% 0.04% 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