Jensen Investment Management 13F, Q4 2025
Jensen Investment Management · quarter ending 31 December 2025 · filed 11 February 2026 · SEC CIK 1106129
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 89 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| Microsoft Corp | MSFT | $641.69M | 10.1% | -13% shares |
| Apple, Inc. | AAPL | $537.81M | 8.5% | -14% shares |
| Alphabet Inc Cap Stk Cl A | GOOGL | $479.58M | 7.5% | -15% shares |
| NVIDIA Corp | NVDA | $420.32M | 6.6% | +4% shares |
| Mastercard Inc | MA | $275.59M | 4.3% | -17% shares |
| Eli Lilly & Co. | LLY | $268.48M | 4.2% | -46% shares |
| Amazon.com Inc. | AMZN | $261.67M | 4.1% | new |
| Stryker Corp | SYK | $257.12M | 4.0% | -40% shares |
| Meta Platforms, Inc. Class A | META | $241.62M | 3.8% | -9% shares |
| Abbott Labs | ABT | $234.68M | 3.7% | -22% shares |
| KLA Corporation | KLAC | $230.27M | 3.6% | -28% shares |
| Waste Management | WM | $219.81M | 3.5% | -8% shares |
| Marsh & McLennan Companies Inc | MRSH | $201.16M | 3.2% | -55% shares |
| Sherwin-Williams Co | SHW | $200.34M | 3.1% | -7% shares |
| Procter & Gamble Co | PG | $183.75M | 2.9% | -11% shares |
| Intuit Inc. | INTU | $180.83M | 2.8% | -49% shares |
| Equifax Inc | EFX | $178.89M | 2.8% | -19% shares |
| Broadridge Financial Solutions | BR | $171.72M | 2.7% | -30% shares |
| Cadence Design Systems, Inc. | CDNS | $165.56M | 2.6% | -15% shares |
| Automatic Data Processing, Inc | ADP | $163.02M | 2.6% | -31% shares |
| McDonald's Corp. | MCD | $135.48M | 2.1% | -12% shares |
| Verisk Analytics Inc | VRSK | $99.68M | 1.6% | +5% shares |
| Copart Inc. | CPRT | $84.90M | 1.3% | -59% shares |
| Veeva Systems Inc. Class A | VEEV | $68.92M | 1.1% | -25% shares |
| Motorola Solutions Inc. | MSI | $67.17M | 1.1% | new |
What changed since Q3 2025
Against the Q3 2025 filing, Jensen Investment Management opened 7 new positions, added to 5, trimmed 61, left 16 unchanged and exited 5. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
Exited
- ZTSwas $129.34M
- UPSwas $1.67M
- BMYwas $1.19M
- PAYXwas $1.18M
- Kellanovawas $522.6K
Other quarters
Source: SEC Form 13F-HR, accession 0001171200-26-000003, 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.