Jensen Investment

Q1 2021 13F · by Robert McIver, CEO

As of: Mar 31, 2021
Filed: May 6, 2021
US stock: $12.5B · prev $12.1B
Positions: 75 · prev 76
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves71 since the prior filing

+2.1 pp in · −2.0 pp out

New 1 +0.03 pp
Added 45 +2.03 pp
Trimmed 23 −0.67 pp
Exited 2 −1.37 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 11% a year, about 9.0 years per position

Low
Moderate
High

Top 5 positions30% of US stock

Positions75 in this filing · 2 exited


MSFTMicrosoft Corp	6.74%	3,571,884	$842M	trimmed−7%	−0.34 pp	32 q
GOOGLAlphabet Inc. Class A	6.39%	387,010	$798M	trimmed−10%	+0.15 pp	19 q
PEPPepsiCo, Inc.	6.12%	5,409,693	$765M	added+2%	−0.42 pp	32 q
JNJJohnson & Johnson	5.81%	4,421,248	$727M	added+2%	+0.15 pp	32 q
MMM3M Company	5.42%	3,515,791	$677M	added+2%	+0.41 pp	32 q
BDXBecton, Dickinson and Co.	5.30%	2,723,604	$662M	added+2%	−0.26 pp	32 q
SYKStryker Corporation	4.82%	2,473,938	$603M	added+2%	−0.13 pp	32 q
ACNAccenture PLC	4.78%	2,164,668	$598M	added+1%	+0.14 pp	32 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	4.30%	1,444,007	$537M	added+2%	+0.17 pp	32 q
AAPLApple Inc.	4.29%	4,391,430	$536M	added+1%	−0.50 pp	24 q
NKENike, Inc.	3.99%	3,751,388	$499M	added+1%	−0.37 pp	32 q
CTSHCognizant Technology Solutions	3.37%	5,390,294	$421M	added+2%	−0.23 pp	32 q
GISGeneral Mills, Inc.	3.33%	6,784,493	$416M	added+2%	+0.09 pp	24 q
PFEPfizer Inc.	3.33%	11,473,187	$416M	added+2%	−0.09 pp	12 q
INTUIntuit Inc	3.24%	1,056,379	$405M	trimmed−3%	−0.19 pp	15 q
ADPAutomatic Data Processing	3.16%	2,098,372	$395M	added+16%	+0.51 pp	32 q
SBUXStarbucks Corp	2.72%	3,114,655	$340M	added+3%	+0.05 pp	4 q
HDHome Depot, Inc.	2.48%	1,014,087	$310M	added+2%	+0.29 pp	3 q
TXNTexas Instruments Incorporated	2.42%	1,603,363	$303M	added+2%	+0.28 pp	10 q
BRBroadridge Financial Solutions Inc	2.40%	1,962,922	$301M	added+2%	−0.04 pp	16 q
PGProcter & Gamble Company	2.40%	2,216,337	$300M	added+29%	+0.41 pp	32 q
EFXEquifax, Incorporated	2.30%	1,590,014	$288M	added+4%	−0.15 pp	32 q
MAMastercard Incorporated	2.28%	801,155	$285M	trimmed−4%	−0.20 pp	23 q
UPSUnited Parcel Service, Inc. Class B	1.97%	1,450,050	$246M	trimmed−0%	−0.06 pp	32 q
WMWaste Management, Inc.	1.88%	1,817,306	$234M	added+40%	+0.62 pp	3 q
TJXTJX Companies, Inc. (The)	1.84%	3,477,063	$230M	added+2%	−0.09 pp	32 q
VRSKVerisk Analytics, Inc.	1.04%	737,535	$130M	added×179.4	+1.03 pp	3 q
ADBEAdobe Inc.	0.17%	45,767	$22M	trimmed−1%	−0.02 pp	32 q
ECLEcolab, Inc.	0.13%	75,716	$16M	trimmed−0%	−0.01 pp	32 q
WATWaters Corp	0.11%	47,422	$13M	trimmed−5%	+0.01 pp	32 q
ABTAbbott Laboratories	0.10%	108,175	$13M	trimmed−1%	0.00 pp	32 q
ORCLOracle Corp	0.10%	184,235	$13M	trimmed−4%	0.00 pp	32 q
APHAmphenol Corporation	0.08%	142,170	$9M	trimmed−6%	0.00 pp	32 q
EMREmerson Electric Co.	0.08%	104,012	$9M	trimmed−2%	+0.01 pp	32 q
OMCOmnicom Group Inc.	0.07%	111,394	$8M	trimmed−8%	+0.01 pp	32 q
KOCoca-Cola Company	0.06%	133,610	$7M	trimmed−1%	0.00 pp	32 q
CLColgate-Palmolive Company	0.06%	102,499	$8M	trimmed−2%	−0.01 pp	32 q
CLXClorox Company	0.04%	29,000	$6M	held	—	32 q
CPRTCopart Inc	0.04%	42,860	$5M	added+69%	+0.01 pp	5 q
CCKCrown Holdings Inc.	0.04%	48,120	$5M	added+37%	+0.01 pp	22 q
EHCEncompass Health Corporation	0.04%	57,540	$5M	added+40%	+0.01 pp	14 q
EXPDExpeditors International of Washington, Inc.	0.04%	44,180	$5M	added+21%	+0.01 pp	18 q
GPCGenuine Parts Company	0.04%	40,850	$5M	added+28%	+0.01 pp	26 q
HASHasbro, Inc.	0.04%	47,010	$5M	added+60%	+0.02 pp	14 q
HRCHill-rom Holdings, Inc.	0.04%	40,530	$4M	added+32%	+0.02 pp	5 q
99803EURLaboratory Crp Of Amer Hldgs	0.04%	19,010	$5M	added+12%	+0.01 pp	8 q
TROWT Rowe Price Group Inc	0.04%	32,361	$6M	trimmed−0%	0.00 pp	32 q
BBYBest Buy Company, Inc.	0.03%	33,420	$4M	added+37%	+0.01 pp	28 q
CBRECbre Group, Inc.	0.03%	43,920	$3M	added+7%	+0.01 pp	14 q
FDSFactset Research Systems	0.03%	11,410	$4M	new	+0.03 pp	new
LSTRLandstar System Inc	0.03%	22,590	$4M	added+9%	+0.01 pp	26 q
LIILennox International Inc.	0.03%	10,610	$3M	added+12%	+0.01 pp	11 q
MCHPMicrochip Technology Inc	0.03%	23,110	$4M	added+4%	0.00 pp	3 q
ABBVAbbvie Inc.	0.02%	24,257	$3M	trimmed−5%	0.00 pp	32 q
CPBThe Campbell's Company	0.02%	47,220	$2M	added+5%	0.00 pp	19 q
CRICarter's Inc.	0.02%	22,530	$2M	added+9%	0.00 pp	10 q
CHDChurch & Dwight Co., Inc.	0.02%	26,050	$2M	added+5%	0.00 pp	5 q
DCIDonaldson Company, Inc.	0.02%	39,220	$2M	added+6%	0.00 pp	7 q
FFIVF5, Inc.	0.02%	13,100	$3M	held	—	6 q
KELKellanova	0.02%	34,760	$2M	added+5%	0.00 pp	6 q
KRThe Kroger Co.	0.02%	84,020	$3M	added+4%	0.00 pp	19 q
LEVILevi Strauss & Co. Class A	0.02%	115,700	$3M	held	—	4 q
MMSMAXIMUS, Inc.	0.02%	32,280	$3M	added+8%	0.00 pp	3 q
MLKNMillerKnoll, Inc.	0.02%	58,090	$2M	added+97%	+0.01 pp	21 q
PAYXPaychex Inc	0.02%	29,320	$3M	trimmed−0%	0.00 pp	32 q
TSCOTractor Supply Co	0.02%	11,000	$2M	added+9%	+0.01 pp	15 q
BMYBristol-Myers Squibb Co.	0.01%	27,175	$2M	held	—	25 q
GWWW.W. Grainger, Inc.	0.01%	3,700	$1M	held	—	18 q
NTAPNetApp, Inc	0.01%	14,290	$1M	trimmed−18%	0.00 pp	14 q
ONON Semiconductor Corp	0.01%	40,731	$2M	trimmed−36%	−0.01 pp	14 q
RTXRTX Corporation	0.01%	24,120	$2M	trimmed−10%	−0.01 pp	32 q
SMGThe Scotts Miracle-Gro Company	0.01%	6,710	$2M	held	—	15 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.01%	8,850	$1M	added+9%	0.00 pp	4 q
99952EURLinde PLC/OLD	0.01%	4,540	$1M	trimmed−1%	0.00 pp	10 q
RSReliance, Inc.	0.00%	2,056	$313,000	trimmed−29%	0.00 pp	24 q
VFCV.F. Corporation	—	−1,927,976	—	exited	−1.36 pp	—
TDCTeradata Corporation	—	−39,080	—	exited	−0.01 pp	—