Jensen Investment Management Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Jensen Investment Management Inc. reported 85 stock positions worth $11.0 billion. Its top holding was Microsoft (MSFT) at 7.8% of the portfolio, followed by Apple (AAPL, 7.5%) and Accenture Class A (ACN, 7.3%). Compared with Q3 2024, it opened 3 new positions, sold out of 5, added to 14 and reduced 45. The biggest buy was a new position in Cadence Design SYS (CDNS) and the biggest sale Ball (BALL, shares −98%).

Most Recent 13F
Q2 2026
Location
Lake Oswego, OR
CIK
0001106129
Portfolio Value
$11.0B (Q4 2024)
SEC Filing
0001171200-25-000017 ↗ filed Feb 10, 2025

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 Q3 2024 Q4 2024: $11.0B $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 85 stocks · $11.0B
MSFT Microsoft Corp. 7.84% 2,055,344 $866.3M Reduce -3.1%
AAPL Apple Inc. 7.55% 3,329,243 $833.7M Reduce -9.2%
ACN Accenture PLC Class A 7.27% 2,282,326 $802.9M Reduce -1.3%
MRSH Marsh & McLennan Cos 5.85% 3,040,551 $645.8M Reduce -0.3%
SYK Stryker Corp. 5.75% 1,763,522 $635.0M Reduce -3.8%
GOOGL Alphabet Inc. Class A 5.54% 3,231,336 $611.7M Reduce -13.7%
INTU Intuit Inc. 5.52% 970,689 $610.1M Reduce -1.3%
MA Mastercard Inc. Class A 4.49% 941,593 $495.8M Reduce -1.4%
ADP Automatic Data Processing 4.40% 1,660,416 $486.1M Reduce -5.4%
PEP Pepsico Inc. 3.52% 2,554,303 $388.4M Reduce -1.4%
BR Broadridge Financial Solutio 3.32% 1,622,179 $366.8M Reduce -1.3%
UNH Unitedhealth Group Inc. 3.28% 716,067 $362.2M Reduce -1.5%
ZTS Zoetis Inc. 3.13% 2,123,398 $346.0M Reduce -1.3%
TXN Texas Instruments Inc. 3.12% 1,835,681 $344.2M Reduce -1.4%
KLAC KLA Corp. 3.04% 533,827 $336.4M Reduce -1.4%
EFX Equifax Inc. 2.84% 1,231,044 $313.7M Reduce -0.9%
WM Waste Management Inc. 2.71% 1,481,365 $298.9M Reduce -1.4%
PG The Procter & Gamble Co. 2.62% 1,729,493 $289.9M Reduce -6.2%
NKE Nike Inc. Class B 2.32% 3,387,637 $256.3M Reduce -1.4%
JNJ Johnson & Johnson 2.01% 1,534,765 $222.0M Reduce -9.1%
CPRT Copart Inc. 1.82% 3,506,594 $201.2M Reduce -0.8%
HD Home Depot Inc. 1.70% 484,242 $188.4M Reduce -1.2%
SHW The Sherwin-Williams Co. 1.64% 534,062 $181.5M Reduce -1.4%
MCD McDonald's Corp. 1.60% 609,109 $176.6M Reduce -1.3%
APH Amphenol Corp. Class A 1.58% 2,519,676 $175.0M Reduce -18.6%
VRSK Verisk Analytics Inc. 1.24% 496,246 $136.7M Reduce -28.9%
CDNS Cadence Design SYS Inc. 1.15% 421,257 $126.6M New
ORCL Oracle Corp. 0.22% 147,364 $24.6M Reduce -1.1%
ADBE Adobe Inc. 0.18% 43,992 $19.6M No change
WAT Waters Corp. 0.15% 44,412 $16.5M Reduce -7.4%
ECL Ecolab Inc. 0.15% 69,614 $16.3M Reduce -1.1%
ABT Abbott Laboratories 0.11% 103,378 $11.7M No change
EMR Emerson Electric Co. 0.10% 93,430 $11.6M No change
CLX Clorox Company 0.10% 70,495 $11.4M Add +21.2%
CTSH Cognizant Tech Solutions-A 0.09% 125,609 $9.7M No change
CL Colgate-Palmolive Co. 0.08% 97,759 $8.9M No change
G Genpact Ltd. 0.08% 195,485 $8.4M Add +2.9%
LH Labcorp Holdings Inc. 0.08% 36,590 $8.4M No change
GIS General Mills Inc. 0.08% 130,715 $8.3M No change
KO The Coca-Cola Co. 0.07% 125,358 $7.8M Reduce -0.7%
EHC Encompass Health Corp. 0.07% 81,730 $7.5M Reduce -11.4%
CCK Crown Holdings Inc. 0.07% 89,318 $7.4M Reduce -11.5%
KR Kroger Co. 0.07% 120,630 $7.4M No change
OMC Omnicom Group 0.06% 78,996 $6.8M Reduce -0.3%
TSCO Tractor Supply Company 0.06% 126,150 $6.7M No change
KEYS Keysight Technologies Inc. 0.06% 39,010 $6.3M Add +3.7%
MSCI MSCI Inc. 0.06% 10,350 $6.2M No change
ROST Ross Stores Inc. 0.06% 40,800 $6.2M New
BAH Booz Allen Hamilton Holdings 0.06% 47,440 $6.1M Add +10.2%
CHD Church & Dwight Co. Inc. 0.05% 56,010 $5.9M No change
FDS Factset Research Systems Inc. 0.05% 12,000 $5.8M No change
FFIV F5 Inc. 0.05% 22,280 $5.6M Reduce -10.7%
CPB The Campbell's Company 0.05% 129,428 $5.4M Add +3.5%
VEEV Veeva Systems Inc. Class A 0.05% 25,211 $5.3M Add +8.4%
DCI Donaldson Co. Inc. 0.05% 77,110 $5.2M Add +15.0%
GNTX Gentex Corp. 0.05% 178,920 $5.1M Add +4.0%
BBY Best Buy Co. Inc. 0.04% 56,875 $4.9M No change
MANH Manhattan Associates Inc. 0.04% 16,030 $4.3M Reduce -17.9%
APD Air Products & Chemicals Inc. 0.04% 14,580 $4.2M Add +10.7%
TSM Taiwan Semiconductor-SP ADR 0.04% 20,538 $4.1M Add +0.8%
ABBV Abbvie Inc. 0.04% 22,227 $3.9M No change
TECH Bio-Techne Corp. 0.04% 54,760 $3.9M No change
GPC Genuine Parts Co. 0.03% 32,554 $3.8M Reduce -32.8%
IDXX Idexx Laboratories Inc. 0.03% 9,020 $3.7M Add +11.5%
LEVI Levi Strauss & Co. Class A 0.03% 213,270 $3.7M Add +6.1%
HOLX Hologic Inc. 0.03% 50,760 $3.7M New
TTC Toro Co. 0.03% 45,550 $3.6M No change
LII Lennox International Inc. 0.03% 5,980 $3.6M Reduce -27.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.03% 31,950 $3.6M No change
MMM 3M Co. 0.03% 27,840 $3.6M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 27,771 $3.4M Reduce -0.6%
BDX Becton Dickinson and Co. 0.03% 14,732 $3.3M Reduce -61.9%
MMS Maximus Inc. 0.03% 44,220 $3.3M No change
AON Aon PLC Class A 0.03% 8,830 $3.2M Add +0.8%
ON On Semiconductor 0.03% 47,840 $3.0M Add +17.5%
UPS United Parcel Service Class B 0.03% 22,874 $2.9M Reduce -4.0%
SBUX Starbucks Corp. 0.03% 30,221 $2.8M Reduce -97.7%
BALL Ball Corp. 0.02% 44,441 $2.5M Reduce -98.1%
MCHP Microchip Technology Inc. 0.02% 38,850 $2.2M Reduce -17.1%
RTX RTX Corp. 0.02% 17,756 $2.1M No change
BMY Bristol-Myers Squibb Co. 0.01% 26,375 $1.5M No change
PAYX Paychex Inc. 0.01% 9,830 $1.4M No change
K Kellanova 0.01% 11,432 $926K Reduce -19.1%
MAR Marriott International Class A 0.01% 2,970 $828K Reduce -6.9%
LIN Linde PLC 0.01% 1,505 $630K No change

Portfolio Sells Q3 2024 → Q4 2024
BALL Ball Corp. Reduce -98.1% 0.02% −1.28
SBUX Starbucks Corp. Reduce -97.7% 0.03% −1.05
KLAC KLA Corp. Reduce -1.4% 3.04% −0.46
ZTS Zoetis Inc. Reduce -1.3% 3.13% −0.38
VRSK Verisk Analytics Inc. Reduce -28.9% 1.24% −0.33
JNJ Johnson & Johnson Reduce -9.1% 2.01% −0.28
UNH Unitedhealth Group Inc. Reduce -1.5% 3.28% −0.28
NKE Nike Inc. Class B Reduce -1.4% 2.32% −0.22
EFX Equifax Inc. Reduce -0.9% 2.84% −0.21
PEP Pepsico Inc. Reduce -1.4% 3.52% −0.17
APH Amphenol Corp. Class A Reduce -18.6% 1.58% −0.10
TXN Texas Instruments Inc. Reduce -1.4% 3.12% −0.10
SHW The Sherwin-Williams Co. Reduce -1.4% 1.64% −0.08
BDX Becton Dickinson and Co. Reduce -61.9% 0.03% −0.05
PG The Procter & Gamble Co. Reduce -6.2% 2.62% −0.05
ULTA Ulta Beauty Inc. Sold out 0.00% −0.04
URI United Rentals Inc. Sold out 0.00% −0.03
GPC Genuine Parts Co. Reduce -32.8% 0.03% −0.02
CRL Charles River Laboratories Sold out 0.00% −0.02
POOL Pool Corp. Sold out 0.00% −0.01
CCK Crown Holdings Inc. Reduce -11.5% 0.07% −0.01
MCHP Microchip Technology Inc. Reduce -17.1% 0.02% −0.01
LII Lennox International Inc. Reduce -27.1% 0.03% −0.01
OMC Omnicom Group Reduce -0.3% 0.06% −0.01
MANH Manhattan Associates Inc. Reduce -17.9% 0.04% −0.01
EHC Encompass Health Corp. Reduce -11.4% 0.07% −0.01
KO The Coca-Cola Co. Reduce -0.7% 0.07% −0.01
SOLV Solventum Corp. Sold out 0.00% −0.00
ECL Ecolab Inc. Reduce -1.1% 0.15% −0.00
K Kellanova Reduce -19.1% 0.01% −0.00
UPS United Parcel Service Class B Reduce -4.0% 0.03% −0.00
MAR Marriott International Class A Reduce -6.9% 0.01% +0.00
TJX TJX Companies Inc. Reduce -0.6% 0.03% +0.00
FFIV F5 Inc. Reduce -10.7% 0.05% +0.00
WAT Waters Corp. Reduce -7.4% 0.15% +0.00
ORCL Oracle Corp. Reduce -1.1% 0.22% +0.01
MCD McDonald's Corp. Reduce -1.3% 1.60% +0.03
HD Home Depot Inc. Reduce -1.2% 1.70% +0.04
WM Waste Management Inc. Reduce -1.4% 2.71% +0.10
MRSH Marsh & McLennan Cos Reduce -0.3% 5.85% +0.15
MSFT Microsoft Corp. Reduce -3.1% 7.84% +0.21
SYK Stryker Corp. Reduce -3.8% 5.75% +0.21
CPRT Copart Inc. Reduce -0.8% 1.82% +0.27
ADP Automatic Data Processing Reduce -5.4% 4.40% +0.34
GOOGL Alphabet Inc. Class A Reduce -13.7% 5.54% +0.34
BR Broadridge Financial Solutio Reduce -1.3% 3.32% +0.37
AAPL Apple Inc. Reduce -9.2% 7.55% +0.40
INTU Intuit Inc. Reduce -1.3% 5.52% +0.42
ACN Accenture PLC Class A Reduce -1.3% 7.27% +0.43
MA Mastercard Inc. Class A Reduce -1.4% 4.49% +0.55

Portfolio Buys Q3 2024 → Q4 2024
CDNS Cadence Design SYS Inc. New 1.15% +1.15
ROST Ross Stores Inc. New 0.06% +0.06
HOLX Hologic Inc. New 0.03% +0.03
CLX Clorox Company Add +21.2% 0.10% +0.02
G Genpact Ltd. Add +2.9% 0.08% +0.01
VEEV Veeva Systems Inc. Class A Add +8.4% 0.05% +0.01
TSM Taiwan Semiconductor-SP ADR Add +0.8% 0.04% +0.01
KEYS Keysight Technologies Inc. Add +3.7% 0.06% +0.01
DCI Donaldson Co. Inc. Add +15.0% 0.05% +0.01
APD Air Products & Chemicals Inc. Add +10.7% 0.04% +0.01
GNTX Gentex Corp. Add +4.0% 0.05% +0.00
AON Aon PLC Class A Add +0.8% 0.03% +0.00
ON On Semiconductor Add +17.5% 0.03% +0.00
IDXX Idexx Laboratories Inc. Add +11.5% 0.03% −0.00
CPB The Campbell's Company Add +3.5% 0.05% −0.00
LEVI Levi Strauss & Co. Class A Add +6.1% 0.03% −0.00
BAH Booz Allen Hamilton Holdings Add +10.2% 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