SEC 13F Intelligence

Managers / Q1 2023 · view latest →

JENSEN INVESTMENT MANAGEMENT INC

CIK 0001106129 · 5500 MEADOWS DRIVE, SUITE 200, LAKE OSWEGO, OR, 97035 · 5037264384

Reported Value
$12.7B
Q1 2023
Positions
81
Filings on Record
31
2019–present window
Filed
May 8, 2023
original filing

Summary

Jensen Investment Management Inc reported $12.7B in U.S.-listed holdings across 81 positions for Q1 2023.

Its largest position, MSFT, represents 6.9% of the portfolio.

Compared with Q4 2022, the fund opened 2 new positions and exited 5.

Portfolio Metrics

Turnover
+5.2%
vs prior filed quarter
Top-10 Concentration
+52.1%
share of reported value
Largest Position
+6.9%
Microsoft
New / Exited
2 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $7.1BQ4 ’18Q1 ’19: $8.4BQ2 ’19: $8.8BQ3 ’19: $9.4BQ4 ’19: $10.1BQ4 ’19Q1 ’20: $8.9BQ2 ’20: $10.4BQ3 ’20: $11.3BQ4 ’20: $12.1BQ4 ’20Q1 ’21: $12.5BQ2 ’21: $13.2BQ3 ’21: $12.6BQ4 ’21: $14.2BQ4 ’21Q1 ’22: $13.4BQ2 ’22: $12.1BQ3 ’22: $11.5BQ4 ’22: $12.8BQ4 ’22Q1 ’23: $12.7BQ2 ’23: $13.6BQ3 ’23: $12.7BQ4 ’23: $13.2BQ4 ’23Q1 ’24: $13.1BQ2 ’24: $12.2BQ3 ’24: $12.0BQ4 ’24: $11.0BQ4 ’24Q1 ’25: $9.0BQ2 ’25: $8.5BQ3 ’25: $8.1BQ4 ’25: $6.4BQ4 ’25Q1 ’26: $5.1Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 94.3%Other: 5.7%ADR: 0.0%
  • Common Stock · 94.3% · $12.0B
  • Other · 5.7% · $720M
  • ADR · 0.0% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TECHTechne CorpNEW+37.3K37.3K+$3M$3M
Linde plcNEW+2.7K2.7K+$949,960$949,960
CRICarter's Inc.SOLD OUT−35.1K0−$3M$0
LSTRLandstar System Inc.SOLD OUT−15.7K0−$3M$0
Linde plc SHSOLD OUT−3.5K0−$1M$0
SPDR S&P 500 ETF TrustSOLD OUT−6300−$240,931$0
RSReliance Steel And Aluminum CoSOLD OUT−1.1K0−$230,782$0
BDXBecton Dickinson & Co.TRIMMED−655.8K1.35M−$179M$332M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM6.90%$876M3.08M
2PEPPepsiCo Inc.history →COM6.77%$858M4.75M
3SYKStryker Corphistory →COM5.64%$716M2.55M
4Accenture plc Class ACOM5.56%$705M2.49M
5AAPLApple, Inc.history →COM5.21%$660M4.07M
6UNHUnitedhealth Group Inchistory →COM4.99%$633M1.35M
7GOOGLAlphabet Inc Cap Stk Cl Ahistory →COM4.93%$626M6.20M
8NKENike Inchistory →COM4.51%$572M4.77M
9SBUXStarbucks Corphistory →COM3.81%$483M4.77M
10MRSHMarsh & McLennan Company Inchistory →COM3.76%$477M2.89M
11INTUIntuit Inc.history →COM3.76%$477M1.08M
12PFEPfizer Inc.history →COM3.70%$469M11.62M
13ADPAutomatic Data Processing, Inchistory →COM3.56%$452M2.06M
14JNJJohnson & Johnsonhistory →COM3.37%$427M2.79M
15TXNTexas Instruments Inchistory →COM3.18%$404M2.19M
16MAMastercard Inchistory →COM2.94%$373M1.04M
17PGProcter & Gamble Cohistory →COM2.84%$360M2.44M
18BDXBecton Dickinson & Co.history →COM2.62%$332M1.35M
19EFXEquifax Inchistory →COM2.45%$311M1.56M
20HDHome Depot Inc.history →COM2.32%$294M1.03M
21UPSUnited Parcel Svc Cl Bhistory →COM2.22%$282M1.47M
22APHAmphenol Corphistory →COM2.19%$278M3.44M
23WMWaste Managementhistory →COM2.17%$276M1.71M
24BRBroadridge Financial Solutionshistory →COM2.02%$256M1.76M
25TJXTJX Companies Inchistory →COM1.78%$226M2.93M
26DUTMoody's Corp.history →COM1.69%$214M712.1K
27VRSKVerisk Analytics Inchistory →COM1.41%$179M939.0K
28BALLBall Corporationhistory →COM1.29%$163M3.01M
29ADBEAdobe Systems, Inc.history →COM0.14%$17M45.0K
30ORCLOracle Corphistory →COM0.11%$14M159.6K
31WATWaters Corphistory →COM0.11%$14M45.8K
32ECLEcolab Inchistory →COM0.09%$12M73.1K
33ABTAbbott Labshistory →COM0.08%$11M106.2K
34GISGeneral Mills Inc.COM0.07%$9M104.9K
35EMREmerson Elec CoCOM0.07%$8M98.2K
36CTSHCognizant Technology SolutionsCOM0.07%$8M139.6K
37OMCOmnicom Group IncCOM0.06%$8M86.3K
38KOCoca-Cola CompanyCOM0.06%$8M128.7K
39CPRTCopart Inc. (DE)COM0.06%$8M104.2K
40CLColgate Palmolive CoCOM0.06%$8M100.8K
41Laboratory Corp of AmericaCOM0.06%$7M33.0K
42MCHPMicrochip Technology IncCOM0.06%$7M89.3K
43KRKroger CompanyCOM0.06%$7M147.3K
44EHCEncompass Health CorpCOM0.05%$7M126.7K
45MANHManhattan Associates, Inc.COM0.05%$7M44.1K
46CCKCrown Holdings Inc.COM0.05%$7M80.3K
47MMM3M Co.COM0.05%$7M63.3K
48CHDChurch & Dwight Co IncCOM0.05%$6M72.0K
49GPCGenuine Parts CompanyCOM0.05%$6M37.9K
50CDNSCadence Design Systems, Inc.COM0.05%$6M29.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.1B84May 5, 202613F-HRchanges · EDGAR ↗
Q4 2025$6.4B89Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$8.1B87Nov 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$8.5B83Aug 8, 202513F-HRchanges · EDGAR ↗
Q1 2025$9.0B84May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$11.0B85Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$12.0B87Nov 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$12.2B87Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$13.1B84May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$13.2B82Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$12.7B83Nov 7, 202313F-HRchanges · EDGAR ↗
Q2 2023$13.6B82Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$12.7B81May 8, 202313F-HRchanges · EDGAR ↗
Q4 2022$12.8B84Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$11.5B81Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$12.1B81Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$13.4B80May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$14.2B78Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$12.6B77Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$13.2B76Aug 5, 202113F-HRchanges · EDGAR ↗
Q1 2021$12.5B75May 6, 202113F-HRchanges · EDGAR ↗
Q4 2020$12.1B76Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$11.3B78Nov 3, 202013F-HRchanges · EDGAR ↗
Q2 2020$10.4B74Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$8.9B75May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$10.1B75Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$9.4B76Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$8.8B77Aug 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$8.4B77May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$7.1B78Feb 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.