Jensen Investment Management 13F, Q3 2025
Jensen Investment Management · quarter ending 30 September 2025 · filed 6 November 2025 · SEC CIK 1106129
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 87 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| Microsoft Corp | MSFT | $787.00M | 9.8% | -3% shares |
| Apple, Inc. | AAPL | $586.48M | 7.3% | unchanged |
| Marsh & McLennan Companies Inc | MRSH | $485.01M | 6.0% | unchanged |
| Stryker Corp | SYK | $451.02M | 5.6% | -14% shares |
| Alphabet Inc Cap Stk Cl A | GOOGL | $435.47M | 5.4% | -25% shares |
| NVIDIA Corp | NVDA | $403.06M | 5.0% | +24% shares |
| Intuit Inc. | INTU | $366.71M | 4.5% | -15% shares |
| Eli Lilly & Co. | LLY | $353.83M | 4.4% | +124% shares |
| Mastercard Inc | MA | $330.78M | 4.1% | -6% shares |
| Abbott Labs | ABT | $322.72M | 4.0% | unchanged |
| Meta Platforms, Inc. Class A | META | $293.70M | 3.6% | +97% shares |
| KLA Corporation | KLAC | $283.12M | 3.5% | -33% shares |
| Automatic Data Processing, Inc | ADP | $271.32M | 3.4% | unchanged |
| Equifax Inc | EFX | $262.30M | 3.3% | unchanged |
| Broadridge Financial Solutions | BR | $261.95M | 3.3% | -15% shares |
| Waste Management | WM | $239.95M | 3.0% | -7% shares |
| Copart Inc. | CPRT | $236.71M | 2.9% | unchanged |
| Sherwin-Williams Co | SHW | $229.78M | 2.9% | +19% shares |
| Procter & Gamble Co | PG | $221.56M | 2.8% | unchanged |
| Cadence Design Systems, Inc. | CDNS | $217.85M | 2.7% | -25% shares |
| McDonald's Corp. | MCD | $152.24M | 1.9% | unchanged |
| Zoetis, Inc. | ZTS | $129.34M | 1.6% | -45% shares |
| Veeva Systems Inc. Class A | VEEV | $123.10M | 1.5% | +1925% shares |
| Amphenol Corp | APH | $107.60M | 1.3% | -67% shares |
| Verisk Analytics Inc | VRSK | $106.80M | 1.3% | +51% shares |
What changed since Q2 2025
Against the Q2 2025 filing, Jensen Investment Management opened 5 new positions, added to 14, trimmed 39, left 29 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001171200-25-000265, filed by JENSEN INVESTMENT MANAGEMENT INC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.