Jensen Investment Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Jensen Investment Management Inc. reported 87 stock positions worth $8.1 billion. Its top holding was Microsoft (MSFT) at 9.8% of the portfolio, followed by Apple (AAPL, 7.3%) and Marsh & McLennan Cos (MRSH, 6.0%). Compared with Q2 2025, it opened 5 new positions, sold out of 1, added to 22 and reduced 49. The biggest buy was Eli Lilly (LLY, shares +124%) and the biggest sale Accenture Class A (ACN, shares −76%).
- Most Recent 13F
- Q2 2026
- Location
- Lake Oswego, OR
- CIK
- 0001106129
- Portfolio Value
- $8.1B (Q3 2025)
- SEC Filing
- 0001171200-25-000265 ↗ filed Nov 6, 2025
Holdings Value
Holdings 87 stocks · $8.1B
| MSFT Microsoft Corp. | 9.77% | 1,519,446 | $787.0M | Reduce -3.2% |
| AAPL Apple Inc. | 7.28% | 2,303,255 | $586.5M | Reduce -0.6% |
| MRSH Marsh & McLennan Cos | 6.02% | 2,406,645 | $485.0M | Reduce -0.7% |
| SYK Stryker Corp. | 5.60% | 1,220,050 | $451.0M | Reduce -13.9% |
| GOOGL Alphabet Inc. Class A | 5.40% | 1,791,309 | $435.5M | Reduce -24.6% |
| NVDA Nvidia Corp. | 5.00% | 2,160,264 | $403.1M | Add +23.6% |
| INTU Intuit Inc. | 4.55% | 536,978 | $366.7M | Reduce -14.6% |
| LLY Eli Lilly & Co. | 4.39% | 463,739 | $353.8M | Add +124.5% |
| MA Mastercard Inc. Class A | 4.10% | 581,527 | $330.8M | Reduce -6.3% |
| ABT Abbott Laboratories | 4.00% | 2,409,429 | $322.7M | Add +1.3% |
| META Meta Platforms Inc. Class A | 3.64% | 399,933 | $293.7M | Add +96.6% |
| KLAC KLA Corp. | 3.51% | 262,493 | $283.1M | Reduce -32.5% |
| ADP Automatic Data Processing | 3.37% | 924,421 | $271.3M | Reduce -1.7% |
| EFX Equifax Inc. | 3.25% | 1,022,492 | $262.3M | Reduce -0.4% |
| BR Broadridge Financial Solutio | 3.25% | 1,099,850 | $262.0M | Reduce -15.2% |
| WM Waste Management Inc. | 2.98% | 1,086,589 | $240.0M | Reduce -7.5% |
| CPRT Copart Inc. | 2.94% | 5,263,823 | $236.7M | Reduce -1.0% |
| SHW The Sherwin-Williams Co. | 2.85% | 663,607 | $229.8M | Add +18.9% |
| PG The Procter & Gamble Co. | 2.75% | 1,441,978 | $221.6M | Add +0.8% |
| CDNS Cadence Design SYS Inc. | 2.70% | 620,210 | $217.9M | Reduce -24.7% |
| MCD McDonald's Corp. | 1.89% | 500,983 | $152.2M | Add +0.4% |
| ZTS Zoetis Inc. | 1.60% | 883,924 | $129.3M | Reduce -45.3% |
| VEEV Veeva Systems Inc. Class A | 1.53% | 413,213 | $123.1M | Add +1924.5% |
| APH Amphenol Corp. Class A | 1.34% | 869,464 | $107.6M | Reduce -66.7% |
| VRSK Verisk Analytics Inc. | 1.33% | 424,645 | $106.8M | Add +50.7% |
| ACN Accenture PLC Class A | 0.96% | 312,897 | $77.2M | Reduce -76.4% |
| ORCL Oracle Corp. | 0.50% | 142,435 | $40.1M | Reduce -1.9% |
| ECL Ecolab Inc. | 0.23% | 66,986 | $18.3M | Reduce -1.5% |
| ADBE Adobe Inc. | 0.19% | 43,992 | $15.5M | No change |
| WAT Waters Corp. | 0.16% | 43,936 | $13.2M | No change |
| PEP Pepsico Inc. | 0.16% | 92,436 | $13.0M | Reduce -11.3% |
| EMR Emerson Electric Co. | 0.15% | 91,900 | $12.1M | Reduce -0.8% |
| CL Colgate-Palmolive Co. | 0.12% | 124,789 | $10.0M | Add +27.7% |
| CLX Clorox Company | 0.11% | 73,465 | $9.1M | Add +3.5% |
| CTSH Cognizant Tech Solutions-A | 0.10% | 123,726 | $8.3M | No change |
| KO The Coca-Cola Co. | 0.10% | 124,487 | $8.3M | Add +0.0% |
| LH Labcorp Holdings Inc. | 0.09% | 25,140 | $7.2M | Reduce -8.1% |
| EHC Encompass Health Corp. | 0.08% | 50,660 | $6.4M | Reduce -12.0% |
| MSCI MSCI Inc. | 0.08% | 11,050 | $6.3M | No change |
| KEYS Keysight Technologies Inc. | 0.08% | 35,430 | $6.2M | No change |
| OMC Omnicom Group | 0.08% | 75,666 | $6.2M | Reduce -0.5% |
| NKE Nike Inc. Class B | 0.07% | 84,178 | $5.9M | Add +0.5% |
| ROST Ross Stores Inc. | 0.07% | 38,450 | $5.9M | Reduce -3.7% |
| TSCO Tractor Supply Company | 0.07% | 97,780 | $5.6M | Reduce -10.7% |
| GIS General Mills Inc. | 0.07% | 109,965 | $5.5M | Reduce -12.2% |
| KR Kroger Co. | 0.07% | 80,240 | $5.4M | No change |
| JNJ Johnson & Johnson | 0.07% | 28,970 | $5.4M | Reduce -93.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.07% | 19,120 | $5.3M | Add +10.3% |
| DCI Donaldson Co. Inc. | 0.06% | 63,140 | $5.2M | Reduce -5.5% |
| G Genpact Ltd. | 0.06% | 116,625 | $4.9M | Reduce -21.3% |
| CCK Crown Holdings Inc. | 0.06% | 49,228 | $4.8M | Reduce -24.7% |
| FFIV F5 Inc. | 0.06% | 14,520 | $4.7M | Reduce -3.1% |
| MMM 3M Co. | 0.05% | 27,842 | $4.3M | Add +0.1% |
| ABBV Abbvie Inc. | 0.05% | 18,122 | $4.2M | Reduce -18.5% |
| HOLX Hologic Inc. | 0.05% | 61,050 | $4.1M | Add +4.8% |
| GNTX Gentex Corp. | 0.05% | 133,540 | $3.8M | Reduce -17.3% |
| BAH Booz Allen Hamilton Holdings | 0.05% | 36,880 | $3.7M | No change |
| AON Aon PLC Class A | 0.04% | 10,100 | $3.6M | Add +3.1% |
| FDS Factset Research Systems Inc. | 0.04% | 11,810 | $3.4M | Add +13.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.04% | 23,198 | $3.4M | Reduce -0.2% |
| TTC Toro Co. | 0.04% | 43,470 | $3.3M | Add +10.1% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.04% | 31,950 | $3.3M | No change |
| LEVI Levi Strauss & Co. Class A | 0.04% | 137,260 | $3.2M | Reduce -13.1% |
| HD Home Depot Inc. | 0.04% | 7,570 | $3.1M | Reduce -95.3% |
| CHD Church & Dwight Co. Inc. | 0.04% | 34,550 | $3.0M | Reduce -4.4% |
| RTX RTX Corp. | 0.04% | 17,627 | $2.9M | Add +0.2% |
| URI United Rentals Inc. | 0.04% | 2,980 | $2.8M | Add +11.2% |
| IDXX Idexx Laboratories Inc. | 0.04% | 4,430 | $2.8M | Reduce -57.4% |
| NDSN Nordson Corp. | 0.03% | 12,050 | $2.7M | New |
| CPB The Campbell's Company | 0.03% | 79,868 | $2.5M | Reduce -40.2% |
| APD Air Products & Chemicals Inc. | 0.03% | 9,032 | $2.5M | Reduce -28.5% |
| FICO Fair Isaac Corp. | 0.03% | 1,620 | $2.4M | New |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.03% | 2,300 | $2.2M | New |
| BBY Best Buy Co. Inc. | 0.03% | 27,385 | $2.1M | Reduce -34.3% |
| ON On Semiconductor | 0.03% | 41,450 | $2.0M | No change |
| TXN Texas Instruments Inc. | 0.02% | 10,095 | $1.9M | Reduce -39.6% |
| UPS United Parcel Service Class B | 0.02% | 20,000 | $1.7M | Reduce -8.4% |
| UNH Unitedhealth Group Inc. | 0.02% | 4,373 | $1.5M | Reduce -58.0% |
| LULU Lululemon Athletica Inc. | 0.02% | 8,220 | $1.5M | New |
| BMY Bristol-Myers Squibb Co. | 0.01% | 26,475 | $1.2M | Add +0.4% |
| PAYX Paychex Inc. | 0.01% | 9,320 | $1.2M | No change |
| MANH Manhattan Associates Inc. | 0.01% | 5,150 | $1.1M | Reduce -60.6% |
| LSTR Landstar System Inc. | 0.01% | 6,250 | $766K | New |
| LIN Linde PLC | 0.01% | 1,380 | $656K | No change |
| K Kellanova | 0.01% | 6,372 | $523K | Reduce -44.3% |
| BDX Becton Dickinson and Co. | 0.01% | 2,486 | $465K | Reduce -80.1% |
| GPC Genuine Parts Co. | 0.00% | 2,674 | $371K | Reduce -90.0% |
Portfolio Sells Q2 2025 → Q3 2025
| ACN Accenture PLC Class A | Reduce -76.4% | 0.96% | −3.69 |
| APH Amphenol Corp. Class A | Reduce -66.7% | 1.34% | −1.69 |
| ZTS Zoetis Inc. | Reduce -45.3% | 1.60% | −1.35 |
| INTU Intuit Inc. | Reduce -14.6% | 4.55% | −1.25 |
| SYK Stryker Corp. | Reduce -13.9% | 5.60% | −0.98 |
| JNJ Johnson & Johnson | Reduce -93.0% | 0.07% | −0.68 |
| HD Home Depot Inc. | Reduce -95.3% | 0.04% | −0.65 |
| KLAC KLA Corp. | Reduce -32.5% | 3.51% | −0.57 |
| BR Broadridge Financial Solutio | Reduce -15.2% | 3.25% | −0.44 |
| CDNS Cadence Design SYS Inc. | Reduce -24.7% | 2.70% | −0.27 |
| MRSH Marsh & McLennan Cos | Reduce -0.7% | 6.02% | −0.19 |
| WM Waste Management Inc. | Reduce -7.5% | 2.98% | −0.17 |
| CPRT Copart Inc. | Reduce -1.0% | 2.94% | −0.12 |
| ADP Automatic Data Processing | Reduce -1.7% | 3.37% | −0.03 |
| GPC Genuine Parts Co. | Reduce -90.0% | 0.00% | −0.03 |
| IDXX Idexx Laboratories Inc. | Reduce -57.4% | 0.04% | −0.03 |
| TECH Bio-Techne Corp. | Sold out | 0.00% | −0.03 |
| CCK Crown Holdings Inc. | Reduce -24.7% | 0.06% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -80.1% | 0.01% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -58.0% | 0.02% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -39.6% | 0.02% | −0.02 |
| MANH Manhattan Associates Inc. | Reduce -60.6% | 0.01% | −0.02 |
| CPB The Campbell's Company | Reduce -40.2% | 0.03% | −0.02 |
| G Genpact Ltd. | Reduce -21.3% | 0.06% | −0.02 |
| APD Air Products & Chemicals Inc. | Reduce -28.5% | 0.03% | −0.01 |
| GIS General Mills Inc. | Reduce -12.2% | 0.07% | −0.01 |
| BBY Best Buy Co. Inc. | Reduce -34.3% | 0.03% | −0.01 |
| UPS United Parcel Service Class B | Reduce -8.4% | 0.02% | −0.01 |
| K Kellanova | Reduce -44.3% | 0.01% | −0.00 |
| CHD Church & Dwight Co. Inc. | Reduce -4.4% | 0.04% | −0.00 |
| EHC Encompass Health Corp. | Reduce -12.0% | 0.08% | −0.00 |
| PEP Pepsico Inc. | Reduce -11.3% | 0.16% | −0.00 |
| TSCO Tractor Supply Company | Reduce -10.7% | 0.07% | +0.00 |
| ABBV Abbvie Inc. | Reduce -18.5% | 0.05% | +0.00 |
| EMR Emerson Electric Co. | Reduce -0.8% | 0.15% | +0.00 |
| GNTX Gentex Corp. | Reduce -17.3% | 0.05% | +0.01 |
| LH Labcorp Holdings Inc. | Reduce -8.1% | 0.09% | +0.01 |
| LEVI Levi Strauss & Co. Class A | Reduce -13.1% | 0.04% | +0.01 |
| FFIV F5 Inc. | Reduce -3.1% | 0.06% | +0.01 |
| TJX TJX Companies Inc. | Reduce -0.2% | 0.04% | +0.01 |
| DCI Donaldson Co. Inc. | Reduce -5.5% | 0.06% | +0.01 |
| OMC Omnicom Group | Reduce -0.5% | 0.08% | +0.01 |
| ECL Ecolab Inc. | Reduce -1.5% | 0.23% | +0.01 |
| ROST Ross Stores Inc. | Reduce -3.7% | 0.07% | +0.01 |
| MA Mastercard Inc. Class A | Reduce -6.3% | 4.10% | +0.01 |
| ORCL Oracle Corp. | Reduce -1.9% | 0.50% | +0.13 |
| EFX Equifax Inc. | Reduce -0.4% | 3.25% | +0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -24.6% | 5.40% | +0.50 |
| MSFT Microsoft Corp. | Reduce -3.2% | 9.77% | +0.62 |
| AAPL Apple Inc. | Reduce -0.6% | 7.28% | +1.71 |
Portfolio Buys Q2 2025 → Q3 2025
| LLY Eli Lilly & Co. | Add +124.5% | 4.39% | +2.50 |
| META Meta Platforms Inc. Class A | Add +96.6% | 3.64% | +1.88 |
| NVDA Nvidia Corp. | Add +23.6% | 5.00% | +1.76 |
| VEEV Veeva Systems Inc. Class A | Add +1924.5% | 1.53% | +1.46 |
| SHW The Sherwin-Williams Co. | Add +18.9% | 2.85% | +0.60 |
| VRSK Verisk Analytics Inc. | Add +50.7% | 1.33% | +0.30 |
| ABT Abbott Laboratories | Add +1.3% | 4.00% | +0.21 |
| MCD McDonald's Corp. | Add +0.4% | 1.89% | +0.18 |
| PG The Procter & Gamble Co. | Add +0.8% | 2.75% | +0.08 |
| NDSN Nordson Corp. | New | 0.03% | +0.03 |
| FICO Fair Isaac Corp. | New | 0.03% | +0.03 |
| GWW WW Grainger Inc. | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +10.3% | 0.07% | +0.02 |
| CL Colgate-Palmolive Co. | Add +27.7% | 0.12% | +0.02 |
| LULU Lululemon Athletica Inc. | New | 0.02% | +0.02 |
| CLX Clorox Company | Add +3.5% | 0.11% | +0.01 |
| URI United Rentals Inc. | Add +11.2% | 0.04% | +0.01 |
| LSTR Landstar System Inc. | New | 0.01% | +0.01 |
| TTC Toro Co. | Add +10.1% | 0.04% | +0.01 |
| HOLX Hologic Inc. | Add +4.8% | 0.05% | +0.01 |
| RTX RTX Corp. | Add +0.2% | 0.04% | +0.01 |
| MMM 3M Co. | Add +0.1% | 0.05% | +0.00 |
| AON Aon PLC Class A | Add +3.1% | 0.04% | +0.00 |
| NKE Nike Inc. Class B | Add +0.5% | 0.07% | +0.00 |
| BMY Bristol-Myers Squibb Co. | Add +0.4% | 0.01% | +0.00 |
| KO The Coca-Cola Co. | Add +0.0% | 0.10% | −0.00 |
| FDS Factset Research Systems Inc. | Add +13.6% | 0.04% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 83 | $4.1B | GOOGL, MSFT, AMZN, AAPL, NVDA |
| Q1 2026 | 84 | $5.1B | MSFT, GOOGL, AAPL, NVDA, AMZN |
| Q4 2025 | 89 | $6.4B | MSFT, AAPL, GOOGL, NVDA, MA |
| Q3 2025 | 87 | $8.1B | MSFT, AAPL, MRSH, SYK, GOOGL |
| Q2 2025 | 83 | $8.5B | MSFT, SYK, MRSH, INTU, AAPL |
| Q1 2025 | 84 | $9.0B | MSFT, MRSH, AAPL, ACN, SYK |
| Q4 2024 | 85 | $11.0B | MSFT, AAPL, ACN, MRSH, SYK |
| Q3 2024 | 87 | $12.0B | MSFT, AAPL, ACN, MRSH, SYK |
| Q2 2024 | 87 | $12.2B | MSFT, GOOGL, AAPL, ACN, INTU |
| Q1 2024 | 84 | $13.1B | MSFT, GOOGL, ACN, SYK, INTU |