Jensen Investment

Q1 2026 13F · by Robert McIver, CEO

As of: Mar 31, 2026
Filed: May 4, 2026
US stock: $5.1B · prev $6.4B
Positions: 84 · prev 89
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%

Moves72 since the prior filing

+6.1 pp in · −6.2 pp out

New 0 0.00 pp
Added 16 +6.07 pp
Trimmed 51 −6.07 pp
Exited 5 −0.12 pp

The book

Focused · behaves like 22 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 15% a year, about 6.6 years per position

Low
Moderate
High

Top 5 positions35% of US stock

Positions84 in this filing · 5 exited


MSFTMicrosoft Corp	8.55%	1,171,009	$433M	trimmed−12%	−1.55 pp	52 q
GOOGLAlphabet Inc. Class A	8.21%	1,449,021	$417M	trimmed−5%	+0.66 pp	19 q
AAPLApple Inc.	7.98%	1,595,941	$405M	trimmed−19%	−0.48 pp	44 q
NVDANvidia Corp	5.61%	1,632,015	$285M	trimmed−28%	−1.00 pp	4 q
AMZNAmazon.Com Inc	5.01%	1,219,422	$254M	added+8%	+0.89 pp	2 q
MAMastercard Incorporated	4.84%	490,929	$245M	added+2%	+0.50 pp	43 q
KLACKLA Corporation	4.81%	165,632	$244M	trimmed−13%	+1.19 pp	12 q
SYKStryker Corporation	4.51%	696,367	$229M	trimmed−5%	+0.46 pp	52 q
LLYEli Lilly & Co.	4.18%	230,671	$212M	trimmed−8%	−0.04 pp	4 q
SHWThe Sherwin-Williams Company	3.96%	626,286	$201M	added+1%	+0.81 pp	8 q
MRSHMarsh	3.94%	1,151,204	$200M	added+6%	+0.78 pp	20 q
METAMeta Platforms, Inc. Class A	3.85%	341,147	$195M	trimmed−7%	+0.05 pp	4 q
ABTAbbott Laboratories	3.01%	1,486,036	$153M	trimmed−21%	−0.68 pp	52 q
WMWaste Management, Inc.	2.95%	651,328	$150M	trimmed−35%	−0.51 pp	23 q
PGProcter & Gamble Company	2.84%	997,406	$144M	trimmed−22%	−0.05 pp	52 q
EFXEquifax, Incorporated	2.78%	783,100	$141M	trimmed−5%	−0.03 pp	52 q
CDNSCadence Design Systems	2.77%	505,861	$141M	trimmed−4%	+0.17 pp	6 q
BRBroadridge Financial Solutions Inc	2.74%	855,784	$139M	added+11%	+0.04 pp	36 q
AVGOBroadcom Inc.	2.72%	445,649	$138M	added×2.5	+1.75 pp	2 q
VEEVVeeva Systems Inc.	1.96%	566,467	$100M	added+83%	+0.88 pp	8 q
VRSKVerisk Analytics, Inc.	1.80%	481,494	$91M	added+8%	+0.23 pp	23 q
MCDMcDonald's Corporation	1.69%	276,262	$86M	trimmed−38%	−0.44 pp	9 q
MSIMotorola Solutions, Inc. New	1.45%	169,491	$74M	trimmed−3%	+0.39 pp	2 q
CPRTCopart Inc	1.05%	1,603,423	$53M	trimmed−26%	−0.29 pp	25 q
INTUIntuit Inc	0.88%	103,535	$45M	trimmed−62%	−1.96 pp	35 q
APHAmphenol Corporation	0.56%	225,363	$28M	trimmed−2%	+0.07 pp	52 q
ADPAutomatic Data Processing	0.42%	104,897	$21M	trimmed−83%	−2.14 pp	52 q
ORCLOracle Corp	0.35%	120,790	$18M	trimmed−3%	−0.03 pp	52 q
ECLEcolab, Inc.	0.31%	58,860	$16M	trimmed−2%	+0.06 pp	52 q
JGRWJensen Quality Growth ETF	0.28%	574,732	$14M	added+11%	+0.06 pp	2 q
PEPPepsiCo, Inc.	0.25%	81,335	$13M	trimmed−1%	+0.06 pp	52 q
WATWaters Corp	0.23%	38,766	$12M	added0%	0.00 pp	52 q
ACNAccenture PLC	0.23%	58,324	$12M	trimmed−12%	−0.05 pp	52 q
CLColgate-Palmolive Company	0.20%	118,640	$10M	trimmed−0%	+0.05 pp	52 q
EMREmerson Electric Co.	0.19%	74,490	$10M	trimmed−1%	+0.03 pp	52 q
KOCoca-Cola Company	0.17%	111,651	$8M	trimmed0%	+0.05 pp	52 q
ADBEAdobe Inc.	0.16%	33,832	$8M	trimmed−2%	−0.03 pp	52 q
AONAon plc Class A	0.16%	25,569	$8M	added×2.4	+0.10 pp	14 q
CTSHCognizant Technology Solutions	0.13%	106,417	$7M	trimmed−1%	−0.01 pp	52 q
CCKCrown Holdings Inc.	0.11%	56,903	$6M	held	—	42 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.11%	16,427	$6M	trimmed−4%	+0.03 pp	24 q
EHCEncompass Health Corporation	0.10%	50,660	$5M	held	—	34 q
LHLabcorp Holdings Inc.	0.10%	18,480	$5M	trimmed−19%	+0.01 pp	8 q
CLXClorox Company	0.09%	46,165	$5M	trimmed−33%	−0.02 pp	52 q
KEYSKeysight Technologies, Inc.	0.09%	16,962	$5M	trimmed−39%	0.00 pp	12 q
KRThe Kroger Co.	0.09%	66,270	$5M	trimmed−17%	+0.01 pp	39 q
ROSTRoss Stores Inc	0.09%	22,024	$5M	trimmed−18%	+0.01 pp	6 q
TSCOTractor Supply Co	0.09%	97,780	$4M	held	—	35 q
FFIVF5, Inc.	0.08%	13,320	$4M	trimmed−6%	+0.02 pp	26 q
MSCIMSCI, Inc.	0.08%	7,750	$4M	trimmed−21%	−0.01 pp	9 q
NKENike, Inc.	0.08%	74,924	$4M	trimmed−2%	0.00 pp	52 q
MMM3M Company	0.08%	27,629	$4M	trimmed−1%	+0.01 pp	52 q
GWWW.W. Grainger, Inc.	0.07%	3,140	$3M	held	—	3 q
RTXRTX Corporation	0.07%	17,607	$3M	held	—	52 q
TJXTJX Companies, Inc. (The)	0.07%	23,160	$4M	added0%	+0.01 pp	52 q
GGenpact Limited	0.07%	92,985	$3M	trimmed−20%	−0.02 pp	16 q
CHDChurch & Dwight Co., Inc.	0.06%	34,550	$3M	held	—	25 q
GNTXGentex Corp	0.06%	133,540	$3M	held	—	20 q
TROWT Rowe Price Group Inc	0.06%	31,950	$3M	held	—	52 q
ABBVAbbvie Inc.	0.05%	11,144	$2M	held	—	52 q
JNJJohnson & Johnson	0.05%	9,767	$2M	trimmed−5%	+0.02 pp	52 q
LEVILevi Strauss & Co. Class A	0.05%	139,440	$3M	added+18%	+0.01 pp	24 q
APDAir Products & Chemicals, Inc.	0.04%	7,695	$2M	trimmed−15%	0.00 pp	8 q
DCIDonaldson Company, Inc.	0.04%	23,230	$2M	trimmed−42%	−0.02 pp	27 q
IDXXIdexx Laboratories Inc	0.04%	3,570	$2M	trimmed−0%	0.00 pp	8 q
NDSNNordson Corp	0.04%	6,990	$2M	trimmed−42%	−0.01 pp	3 q
TTCToro Company (The)	0.04%	23,313	$2M	trimmed−46%	−0.01 pp	17 q
BBYBest Buy Company, Inc.	0.03%	24,735	$2M	held	—	48 q
FICOFair Isaac Corporation	0.03%	1,250	$1M	held	—	3 q
OMCOmnicom Group Inc.	0.03%	22,054	$2M	trimmed−35%	−0.01 pp	52 q
URIUnited Rentals, Inc.	0.03%	2,171	$2M	added+1%	0.00 pp	5 q
BAHBooz Allen Hamilton Holding Corporation	0.02%	13,850	$1M	trimmed−16%	0.00 pp	11 q
DOXAmdocs Limited	0.02%	17,820	$1M	added+93%	+0.01 pp	2 q
RACEFerrari N.V.	0.02%	2,682	$907,723	added+3%	0.00 pp	2 q
BAFBajaj Finance Ltd	0.02%	95,800	$819,730	held	—	2 q
BDXBecton, Dickinson and Co.	0.01%	2,140	$336,472	trimmed−14%	0.00 pp	52 q
CPBThe Campbell's Company	0.01%	31,418	$699,679	held	—	39 q
GISGeneral Mills, Inc.	0.01%	17,845	$664,191	held	—	44 q
GPCGenuine Parts Company	0.01%	2,674	$282,776	held	—	46 q
HDHome Depot, Inc.	0.01%	1,462	$480,837	trimmed−41%	0.00 pp	23 q
MANHManhattan Associates Inc	0.01%	4,420	$588,390	held	—	17 q
TXNTexas Instruments Incorporated	0.01%	1,399	$271,602	trimmed−86%	−0.02 pp	30 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	1,491	$403,450	trimmed−62%	−0.01 pp	52 q
LINLinde plc	0.01%	1,290	$639,530	held	—	13 q
FDSFactset Research Systems	—	−11,810	—	exited	−0.05 pp	—
HOLXHologic Inc	—	−28,000	—	exited	−0.03 pp	—
ONON Semiconductor Corp	—	−21,406	—	exited	−0.02 pp	—
LSTRLandstar System Inc	—	−5,350	—	exited	−0.01 pp	—
LULUlululemon athletica inc.	—	−3,920	—	exited	−0.01 pp	—