Jensen Investment

Q2 2026 13F · by Robert McIver, CEO

As of: Jun 30, 2026
Filed: Aug 7, 2026
US stock: $4.1B · prev $5.1B
Positions: 83 · prev 84
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%

Moves80 since the prior filing

+8.0 pp in · −8.0 pp out

New 1 +1.38 pp
Added 8 +6.65 pp
Trimmed 69 −7.99 pp
Exited 2 −0.05 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 29% a year, about 3.5 years per position

Low
Moderate
High

Top 5 positions32% of US stock

Positions83 in this filing · 2 exited


GOOGLAlphabet Inc. Class A	6.91%	797,098	$285M	trimmed−45%	−1.30 pp	20 q
MSFTMicrosoft Corp	6.67%	737,144	$275M	trimmed−37%	−1.88 pp	53+ q
AMZNAmazon.Com Inc	6.09%	1,054,136	$251M	trimmed−14%	+1.08 pp	3 q
AAPLApple Inc.	6.04%	860,969	$249M	trimmed−46%	−1.94 pp	45 q
NVDANvidia Corp	5.81%	1,197,487	$240M	trimmed−27%	+0.20 pp	5 q
KLACKLA Corporation	5.78%	790,391	$238M	trimmed−52%	+0.97 pp	13 q
SHWThe Sherwin-Williams Company	4.50%	539,035	$186M	trimmed−14%	+0.54 pp	9 q
SYKStryker Corporation	4.50%	589,670	$186M	trimmed−15%	−0.01 pp	53+ q
LLYEli Lilly & Co.	4.47%	153,735	$184M	trimmed−33%	+0.29 pp	5 q
MAMastercard Incorporated	4.33%	347,714	$179M	trimmed−29%	−0.51 pp	44 q
MRSHMarsh	3.98%	984,904	$164M	trimmed−14%	+0.04 pp	21 q
AVGOBroadcom Inc.	3.59%	392,082	$148M	trimmed−12%	+0.87 pp	3 q
WMWaste Management, Inc.	3.41%	631,052	$141M	trimmed−3%	+0.46 pp	24 q
PGProcter & Gamble Company	3.06%	860,442	$126M	trimmed−14%	+0.22 pp	53+ q
CDNSCadence Design Systems	2.81%	308,555	$116M	trimmed−39%	+0.04 pp	7 q
MSIMotorola Solutions, Inc. New	2.81%	278,721	$116M	added+64%	+1.36 pp	3 q
APHAmphenol Corporation	2.63%	614,660	$108M	added×2.7	+2.07 pp	53+ q
ABTAbbott Laboratories	1.95%	885,262	$80M	trimmed−40%	−1.06 pp	53+ q
VEEVVeeva Systems Inc.	1.93%	449,489	$80M	trimmed−21%	−0.03 pp	9 q
TJXTJX Companies, Inc. (The)	1.85%	503,180	$76M	added×21.7	+1.78 pp	53+ q
VRSKVerisk Analytics, Inc.	1.65%	379,127	$68M	trimmed−21%	−0.15 pp	24 q
METAMeta Platforms, Inc. Class A	1.49%	109,456	$62M	trimmed−68%	−2.36 pp	5 q
MCDMcDonald's Corporation	1.48%	225,570	$61M	trimmed−18%	−0.21 pp	10 q
EFXEquifax, Incorporated	1.43%	370,551	$59M	trimmed−53%	−1.35 pp	53+ q
CTASCintas Corp	1.38%	333,630	$57M	new	+1.38 pp	new
IDXXIdexx Laboratories Inc	1.35%	105,709	$56M	added×29.6	+1.31 pp	9 q
BRBroadridge Financial Solutions Inc	1.26%	380,126	$52M	trimmed−56%	−1.48 pp	37 q
CPRTCopart Inc	0.85%	1,243,675	$35M	trimmed−22%	−0.20 pp	26 q
ADPAutomatic Data Processing	0.45%	82,492	$18M	trimmed−21%	+0.03 pp	53+ q
ORCLOracle Corp	0.42%	118,394	$17M	trimmed−2%	+0.07 pp	53+ q
ECLEcolab, Inc.	0.39%	58,436	$16M	trimmed−1%	+0.08 pp	53+ q
JGRWJensen Quality Growth ETF	0.36%	544,862	$15M	trimmed−5%	+0.08 pp	3 q
WATWaters Corp	0.35%	38,566	$14M	trimmed−1%	+0.12 pp	53+ q
CLColgate-Palmolive Company	0.26%	115,229	$11M	trimmed−3%	+0.06 pp	53+ q
EMREmerson Electric Co.	0.26%	73,691	$11M	trimmed−1%	+0.07 pp	53+ q
PEPPepsiCo, Inc.	0.26%	79,927	$11M	trimmed−2%	+0.01 pp	53+ q
KOCoca-Cola Company	0.22%	111,668	$9M	added0%	+0.05 pp	53+ q
AONAon plc Class A	0.21%	25,789	$9M	added+1%	+0.05 pp	15 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.18%	15,884	$8M	trimmed−3%	+0.07 pp	25 q
ADBEAdobe Inc.	0.17%	33,545	$7M	trimmed−1%	+0.01 pp	53+ q
ACNAccenture PLC	0.16%	52,235	$7M	trimmed−10%	−0.07 pp	53+ q
CCKCrown Holdings Inc.	0.14%	52,583	$6M	trimmed−8%	+0.03 pp	43 q
CLXClorox Company	0.11%	47,805	$5M	added+4%	+0.02 pp	53+ q
LHLabcorp Holdings Inc.	0.11%	16,050	$4M	trimmed−13%	+0.01 pp	9 q
MMM3M Company	0.11%	27,618	$4M	trimmed−0%	+0.03 pp	53+ q
CTSHCognizant Technology Solutions	0.10%	103,867	$4M	trimmed−2%	−0.03 pp	53+ q
EHCEncompass Health Corporation	0.10%	39,260	$4M	trimmed−23%	0.00 pp	35 q
GWWW.W. Grainger, Inc.	0.09%	2,732	$4M	trimmed−13%	+0.02 pp	4 q
MSCIMSCI, Inc.	0.09%	6,410	$4M	trimmed−17%	+0.01 pp	10 q
TROWT Rowe Price Group Inc	0.09%	31,950	$4M	held	—	53+ q
ROSTRoss Stores Inc	0.09%	16,872	$4M	trimmed−23%	0.00 pp	7 q
FFIVF5, Inc.	0.08%	7,470	$3M	trimmed−44%	0.00 pp	27 q
KEYSKeysight Technologies, Inc.	0.08%	9,127	$3M	trimmed−46%	−0.01 pp	13 q
KRThe Kroger Co.	0.08%	62,390	$3M	trimmed−6%	−0.01 pp	40 q
LEVILevi Strauss & Co. Class A	0.08%	128,120	$3M	trimmed−8%	+0.03 pp	25 q
RTXRTX Corporation	0.08%	17,586	$3M	trimmed−0%	+0.01 pp	53+ q
ABBVAbbvie Inc.	0.07%	11,064	$3M	trimmed−1%	+0.02 pp	53+ q
CHDChurch & Dwight Co., Inc.	0.07%	31,740	$3M	trimmed−8%	+0.01 pp	26 q
GNTXGentex Corp	0.07%	108,470	$3M	trimmed−19%	+0.01 pp	21 q
NKENike, Inc.	0.07%	71,344	$3M	trimmed−5%	−0.01 pp	53+ q
TSCOTractor Supply Co	0.07%	89,840	$3M	trimmed−8%	−0.02 pp	36 q
INTUIntuit Inc	0.05%	7,526	$2M	trimmed−93%	−0.83 pp	36 q
JNJJohnson & Johnson	0.05%	8,797	$2M	trimmed−10%	0.00 pp	53+ q
TTCToro Company (The)	0.05%	21,423	$2M	trimmed−8%	+0.01 pp	18 q
URIUnited Rentals, Inc.	0.05%	1,902	$2M	trimmed−12%	+0.02 pp	6 q
GGenpact Limited	0.05%	73,655	$2M	trimmed−21%	−0.02 pp	17 q
APDAir Products & Chemicals, Inc.	0.04%	5,491	$2M	trimmed−29%	0.00 pp	9 q
OMCOmnicom Group Inc.	0.04%	22,054	$2M	held	—	53+ q
DCIDonaldson Company, Inc.	0.03%	13,490	$1M	trimmed−42%	−0.01 pp	28 q
NDSNNordson Corp	0.03%	4,360	$1M	trimmed−38%	−0.01 pp	4 q
DOXAmdocs Limited	0.03%	21,660	$1M	added+22%	+0.01 pp	3 q
BAHBooz Allen Hamilton Holding Corporation	0.02%	12,730	$772,329	trimmed−8%	0.00 pp	12 q
FICOFair Isaac Corporation	0.02%	740	$884,137	trimmed−41%	−0.01 pp	4 q
LINLinde plc	0.02%	1,290	$669,433	held	—	14 q
RACEFerrari N.V.	0.02%	2,682	$998,482	held	—	3 q
BDXBecton, Dickinson and Co.	0.01%	2,040	$308,713	trimmed−5%	0.00 pp	53+ q
CPBThe Campbell's Company	0.01%	21,735	$484,038	trimmed−31%	0.00 pp	40 q
GISGeneral Mills, Inc.	0.01%	12,546	$436,601	trimmed−30%	0.00 pp	45 q
GPCGenuine Parts Company	0.01%	2,674	$315,479	held	—	47 q
HDHome Depot, Inc.	0.01%	797	$281,086	trimmed−45%	0.00 pp	24 q
MANHManhattan Associates Inc	0.01%	4,060	$565,355	trimmed−8%	0.00 pp	18 q
TXNTexas Instruments Incorporated	0.01%	1,247	$371,693	trimmed−11%	0.00 pp	31 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	859	$357,026	trimmed−42%	0.00 pp	53+ q
BBYBest Buy Company, Inc.	—	−24,735	—	exited	−0.03 pp	—
BAFBajaj Finance Ltd	—	−95,800	—	exited	−0.02 pp	—