Quality value
Jensen
Q2 2026 13F: 83 holdings worth about $4.1B; that quarter 1 new, 7 added, 66 trimmed, 2 sold out.
13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.
Why This Giant Is Included
- Rule numbers (Q2 2026): 83 holdings, top 10 = 55%, stocks $4.1B, options 0%; all four rules met
- Source for the value approach: How We Invest (Jensen Investment Management, Inc.): “The strength of our investment philosophy is based on an unwavering commitment to investing in quality businesses.” (checked 2026-10-11)
13F value
$4.1B
previous $5.1B (−18.7%)
Holdings
83
1 new / 2 sold out
Net deploymentest.
−23.8%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
55%
overlap with the composite 18%
Turnoverest.
6.4%
held 43 quarters on average
I
Trades in Q2 2026
Sorted by position shift: how many percentage points of the portfolio the trade moved.
How to Read This
Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.
II
All Holdings (83 Companies)
Share classes of one company are combined; click a heading to re-sort.
How to Read This
Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.
| Company | Weight (prev.) | Value | This quarter | Quarter-end price | vs cost |
|---|---|---|---|---|---|
| GOOGLAlphabet Inc | 6.9%8.2% | $284.9M | Trimmed −45% | $357.37 | +184% |
| MSFTMicrosoft Corp | 6.7%8.5% | $275.0M | Trimmed −37% | $373.02 | +567% |
| AMZNAmazon.com Inc | 6.1%5.0% | $251.2M | Trimmed −14% | $238.34 | +6% |
| AAPLApple Inc | 6.0%8.0% | $249.1M | Trimmed −46% | $289.36 | +646% |
| NVDANVIDIA Corp | 5.8%5.6% | $239.6M | Trimmed −27% | $200.09 | +40% |
| KLACKLA Corp | 5.8%4.8% | $238.5M | Unclear | $301.71 | −35% |
| SYKStryker Corp | 4.5%4.5% | $185.7M | Trimmed −15% | $314.84 | +101% |
| SHWSherwin-Williams Co | 4.5%4.0% | $185.6M | Trimmed −14% | $344.32 | +5% |
| LLYEli Lilly & Co | 4.5%4.2% | $184.4M | Trimmed −33% | $1,199 | +53% |
| MAMastercard Inc | 4.3%4.8% | $178.6M | Trimmed −29% | $513.60 | +139% |
| MRSHMarsh & McLennan Cos | 4.0%3.9% | $164.2M | Trimmed −14% | $166.67 | +7% |
| AVGOBroadcom Inc | 3.6%2.7% | $148.1M | Trimmed −12% | $377.75 | +14% |
| WMWaste Management Inc | 3.4%3.0% | $140.6M | Trimmed −3% | $222.88 | +86% |
| PGProcter & Gamble Co | 3.1%2.8% | $126.2M | Trimmed −14% | $146.64 | +30% |
| CDNSCadence Design Systems | 2.8%2.8% | $115.8M | Trimmed −39% | $375.32 | +33% |
| MSIMotorola Solutions, Inc | 2.8%1.4% | $115.8M | Added +64% | $415.29 | −2% |
| APHAmphenol Corp | 2.6%0.6% | $108.4M | Added +173% | $176.32 | +43% |
| ABTAbbott Laboratories | 1.9%3.0% | $80.3M | Trimmed −40% | $90.74 | −27% |
| VEEVVeeva Systems Inc | 1.9%2.0% | $79.8M | Trimmed −21% | $177.47 | −39% |
| TJXTJX Companies Inc | 1.8%0.1% | $76.2M | Added +2073% | $151.50 | +0% |
| VRSKVerisk Analytics, Inc | 1.7%1.8% | $68.1M | Trimmed −21% | $179.53 | −19% |
| METAMeta Platforms, Inc | 1.5%3.8% | $61.7M | Trimmed −68% | $563.29 | −19% |
| MCDMcDonald’s Corp | 1.5%1.7% | $61.0M | Trimmed −18% | $270.31 | −4% |
| EFXEquifax Inc | 1.4%2.8% | $58.8M | Trimmed −53% | $158.72 | +1% |
| CTASCintas Corp | 1.4%— | $56.7M | New | $170.08 | +0% |
| IDXXIdexx Laboratories Inc | 1.3%0.0% | $55.6M | Added +2861% | $526.44 | −3% |
| BRBroadridge Financial Solutions | 1.3%2.7% | $52.1M | Trimmed −56% | $136.95 | +11% |
| CPRTCopart Inc | 0.8%1.0% | $35.1M | Trimmed −22% | $28.19 | −47% |
| ADPAutomatic Data Processing | 0.4%0.4% | $18.5M | Trimmed −21% | $223.95 | +42% |
| ORCLOracle Corp | 0.4%0.4% | $17.4M | Trimmed −2% | $146.55 | +366% |
| ECLEcolab Inc | 0.4%0.3% | $16.3M | Trimmed −1% | $278.61 | +242% |
| JGRWJensen Quality Growth ETF | 0.4%0.3% | $14.8M | Trimmed −5% | $27.12 | +1% |
| WATWaters Corp | 0.4%0.2% | $14.5M | Trimmed −1% | $375.04 | +175% |
| PEPPepsiCo Inc | 0.3%0.2% | $10.8M | Trimmed −2% | $135.40 | +46% |
| CLColgate-Palmolive Co | 0.3%0.2% | $10.6M | Trimmed −3% | $91.68 | +84% |
| EMREmerson Electric Co | 0.3%0.2% | $10.5M | Trimmed −1% | $143.15 | +185% |
| KOCoca-Cola Co | 0.2%0.2% | $9.1M | Held | $81.27 | +153% |
| AONAon plc | 0.2%0.2% | $8.6M | Added +1% | $331.69 | +1% |
| TSMTaiwan Semiconductor Manufacturing | 0.2%0.1% | $7.6M | Trimmed −3% | $477.57 | +351% |
| ADBEAdobe Inc | 0.2%0.2% | $6.9M | Trimmed −1% | $205.02 | +559% |
| ACNAccenture plc | 0.2%0.2% | $6.5M | Trimmed −10% | $124.44 | −29% |
| CCKCrown Holdings Inc | 0.1%0.1% | $5.9M | Trimmed −8% | $111.82 | +28% |
| CLXClorox Company | 0.1%0.1% | $4.6M | Added +4% | $95.44 | −19% |
| LHLabcorp Holdings Inc | 0.1%0.1% | $4.5M | Trimmed −13% | $280.00 | +37% |
| MMM3M Co | 0.1%0.1% | $4.5M | Held | $161.91 | +15% |
| CTSHCognizant Technology Solutions | 0.1%0.1% | $4.0M | Trimmed −2% | $38.73 | −37% |
| EHCEncompass Health Corp | 0.1%0.1% | $4.0M | Trimmed −23% | $101.08 | +45% |
| GWWW.W. Grainger | 0.1%0.1% | $3.7M | Trimmed −13% | $1,360 | +37% |
| TROWT. Rowe Price Group | 0.1%0.1% | $3.6M | Held | $113.69 | +101% |
| ROSTRoss Stores Inc | 0.1%0.1% | $3.6M | Trimmed −23% | $212.85 | +42% |
| MSCIMSCI Inc | 0.1%0.1% | $3.6M | Trimmed −17% | $560.04 | +2% |
| KRKroger Co | 0.1%0.1% | $3.5M | Trimmed −6% | $55.53 | +49% |
| RTXRTX Corp | 0.1%0.1% | $3.3M | Held | $189.73 | +208% |
| KEYSKeysight Technologies, Inc | 0.1%0.1% | $3.2M | Trimmed −46% | $350.07 | +124% |
| LEVILevi Strauss & Co | 0.1%0.1% | $3.2M | Trimmed −8% | $24.83 | +22% |
| FFIVF5 Inc | 0.1%0.1% | $3.1M | Trimmed −44% | $415.96 | +135% |
| CHDChurch & Dwight Co Inc | 0.1%0.1% | $3.1M | Trimmed −8% | $96.88 | +12% |
| NKENike Inc | 0.1%0.1% | $2.9M | Trimmed −5% | $41.05 | −51% |
| TSCOTractor Supply Company | 0.1%0.1% | $2.8M | Trimmed −8% | $31.61 | −22% |
| ABBVAbbVie Inc | 0.1%0.0% | $2.8M | Trimmed −1% | $251.64 | +546% |
| GNTXGentex Corp | 0.1%0.1% | $2.7M | Trimmed −19% | $25.27 | −24% |
| JNJJohnson & Johnson | 0.1%0.0% | $2.2M | Trimmed −10% | $253.97 | +114% |
| URIUnited Rentals Inc | 0.1%0.0% | $2.2M | Trimmed −12% | $1,133 | +65% |
| TTCToro Co | 0.1%0.0% | $2.1M | Trimmed −8% | $97.42 | +10% |
| GGenpact Ltd | 0.0%0.1% | $2.0M | Trimmed −21% | $27.50 | −32% |
| INTUIntuit Inc | 0.0%0.9% | $2.0M | Trimmed −93% | $261.00 | −13% |
| APDAir Products & Chemicals, Inc | 0.0%0.0% | $1.6M | Trimmed −29% | $293.18 | +11% |
| OMCOmnicom Group | 0.0%0.0% | $1.6M | Held | $72.83 | +12% |
| NDSNNordson Corp | 0.0%0.0% | $1.3M | Trimmed −38% | $301.69 | +37% |
| DCIDonaldson Co Inc | 0.0%0.0% | $1.2M | Trimmed −42% | $89.77 | +54% |
| DOXAmdocs Ltd | 0.0%0.0% | $1.1M | Added +22% | $50.54 | −34% |
| RACEFerrari N.V | 0.0%0.0% | $998K | Held | $371.70 | −12% |
| FICOFair Isaac Corp | 0.0%0.0% | $884K | Trimmed −41% | $1,195 | −28% |
| BAHBooz Allen Hamilton Holding Corp | 0.0%0.0% | $772K | Trimmed −8% | $60.67 | −55% |
| LINLinde PLC | 0.0%0.0% | $669K | Held | $518.94 | +46% |
| MANHManhattan Associates Inc | 0.0%0.0% | $565K | Trimmed −8% | $139.25 | −4% |
| CPBThe Campbell’s Company | 0.0%0.0% | $484K | Trimmed −31% | $22.27 | −51% |
| GISGeneral Mills Inc | 0.0%0.0% | $437K | Trimmed −30% | $34.80 | −41% |
| TXNTexas Instruments Inc | 0.0%0.0% | $372K | Trimmed −11% | $298.07 | +124% |
| UNHUnitedHealth Group Inc | 0.0%0.0% | $357K | Trimmed −42% | $415.63 | +84% |
| GPCGenuine Parts Co | 0.0%0.0% | $315K | Held | $117.98 | −1% |
| BDXBecton Dickinson and Co | 0.0%0.0% | $309K | Trimmed −5% | $151.33 | +5% |
| HDHome Depot Inc | 0.0%0.0% | $281K | Trimmed −45% | $352.68 | +29% |
III
Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost
How to Read This
Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.
above costbelow costwithin 5%
IV
Over Time
From Q1 1999, 109 quarters (this giant’s electronic 13F filings).
13F Value
Holdings
Top-10 Concentration
Turnover (Est.)
Sector Mix
Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
V
Quarter by Quarter, with the Original Filings
* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.
Show 109 Quarters
| Quarter | Holdings | 13F value | SEC |
|---|---|---|---|
| Q2 2026 | 83 | $4.1B | 13F-HR |
| Q1 2026 | 84 | $5.1B | 13F-HR |
| Q4 2025 | 89 | $6.4B | 13F-HR |
| Q3 2025 | 87 | $8.1B | 13F-HR |
| Q2 2025 | 83 | $8.5B | 13F-HR |
| Q1 2025 | 84 | $9.0B | 13F-HR |
| Q4 2024 | 85 | $11.0B | 13F-HR |
| Q3 2024 | 87 | $12.0B | 13F-HR |
| Q2 2024 | 87 | $12.2B | 13F-HR |
| Q1 2024 | 84 | $13.1B | 13F-HR |
| Q4 2023 | 82 | $13.2B | 13F-HR |
| Q3 2023 | 83 | $12.7B | 13F-HR |
| Q2 2023 | 82 | $13.6B | 13F-HR |
| Q1 2023 | 81 | $12.7B | 13F-HR |
| Q4 2022 | 84 | $12.8B | 13F-HR 13F-HR/A |
| Q3 2022 | 81 | $11.5B | 13F-HR |
| Q2 2022 | 81 | $12.1B | 13F-HR |
| Q1 2022 | 80 | $13.4B | 13F-HR |
| Q4 2021 | 78 | $14.2B | 13F-HR |
| Q3 2021 | 77 | $12.6B | 13F-HR |
| Q2 2021 | 76 | $13.2B | 13F-HR |
| Q1 2021 | 75 | $12.5B | 13F-HR |
| Q4 2020 | 76 | $12.1B | 13F-HR |
| Q3 2020 | 78 | $11.3B | 13F-HR |
| Q2 2020 | 74 | $10.4B | 13F-HR |
| Q1 2020 | 75 | $8.9B | 13F-HR |
| Q4 2019 | 75 | $10.1B | 13F-HR |
| Q3 2019 | 76 | $9.4B | 13F-HR |
| Q2 2019 | 77 | $8.8B | 13F-HR |
| Q1 2019 | 77 | $8.4B | 13F-HR |
| Q4 2018 | 78 | $7.1B | 13F-HR |
| Q3 2018 | 80 | $8.0B | 13F-HR |
| Q2 2018 | 87 | $7.4B | 13F-HR |
| Q1 2018 | 90 | $7.7B | 13F-HR |
| Q4 2017 | 94 | $7.8B | 13F-HR |
| Q3 2017 | 91 | $7.4B | 13F-HR |
| Q2 2017 | 88 | $7.3B | 13F-HR |
| Q1 2017 | 99 | $7.1B | 13F-HR |
| Q4 2016 | 104 | $6.8B | 13F-HR 13F-HR/A |
| Q3 2016 | 104 | $6.7B | 13F-HR |
| Q2 2016 | 105 | $6.4B | 13F-HR |
| Q1 2016 | 103 | $6.3B | 13F-HR |
| Q4 2015 | 101 | $6.0B | 13F-HR |
| Q3 2015 | 103 | $5.7B | 13F-HR |
| Q2 2015 | 100 | $6.3B | 13F-HR |
| Q1 2015 | 97 | $6.5B | 13F-HR 13F-HR/A |
| Q4 2014 | 95 | $6.5B | 13F-HR 13F-HR/A |
| Q3 2014 | 93 | $6.3B | 13F-HR 13F-HR/A |
| Q2 2014 | 93 | $6.6B | 13F-HR 13F-HR/A |
| Q1 2014 | 83 | $6.9B | 13F-HR |
| Q4 2013 | 80 | $7.0B | 13F-HR |
| Q3 2013 | 84 | $6.5B | 13F-HR 13F-HR/A |
| Q2 2013 | 92 | $6.1B | 13F-HR |
| Q1 2013 | 76 | $6.0B | 13F-HR |
| Q4 2012 | 76 | $5.3B | 13F-HR |
| Q3 2012 | 81 | $5.6B | 13F-HR |
| Q2 2012 | 77 | $5.5B | 13F-HR |
| Q1 2012 | 73 | $5.8B | 13F-HR |
| Q4 2011 | 66 | $10.7B | 13F-HR |
| Q3 2011 | 64 | $9.8B | 13F-HR |
| Q2 2011 | 61 | $11.5B | 13F-HR |
| Q1 2011 | 62 | $10.9B | 13F-HR |
| Q4 2010 | 60 | $9.6B | 13F-HR |
| Q3 2010 | 65 | $8.1B | 13F-HR |
| Q2 2010 | 63 | $7.1B | 13F-HR |
| Q1 2010 | 38 | $7.2B | 13F-HR |
| Q4 2009 | 40 | $6.3B | 13F-HR |
| Q3 2009 | 111 | $5.6B | 13F-HR |
| Q2 2009 | 116 | $4.8B | 13F-HR |
| Q1 2009 | 118 | $4.3B | 13F-HR |
| Q4 2008 | 189 | $2.4B | 13F-HR |
| Q3 2008 | 122 | $3.0B | 13F-HR |
| Q2 2008 | 122 | $2.6B | 13F-HR |
| Q1 2008 | 124 | $2.8B | 13F-HR |
| Q4 2007 | 140 | $3.1B | 13F-HR |
| Q3 2007 | 123 | $3.1B | 13F-HR |
| Q2 2007 | 75 | $2.9B | 13F-HR |
| Q1 2007 | 78 | $2.8B | 13F-HR |
| Q4 2006 | 81 | $2.9B | 13F-HR |
| Q3 2006 | 90 | $2.6B | 13F-HR |
| Q2 2006 | 91 | $2.4B | 13F-HR |
| Q1 2006 | 92 | $2.6B | 13F-HR |
| Q4 2005 | 94 | $2.9B | 13F-HR |
| Q3 2005 | 106 | $3.1B | 13F-HR |
| Q2 2005 | 106 | $3.2B | 13F-HR |
| Q1 2005 | 105 | $3.2B | 13F-HR |
| Q4 2004 | 105 | $3.1B | 13F-HR |
| Q3 2004 | 116 | $2.7B | 13F-HR |
| Q2 2004 | 117 | $2.6B | 13F-HR |
| Q1 2004 | 131 | $2.3B | 13F-HR |
| Q4 2003 | 131 | $2.1B | 13F-HR |
| Q3 2003 | 133 | $1.8B | 13F-HR |
| Q2 2003 | 147 | $1.7B | 13F-HR |
| Q1 2003 | 140 | $1.2B | 13F-HR |
| Q4 2002 | 133 | $1.2B | 13F-HR |
| Q3 2002 | 148 | $666.1M | 13F-HR |
| Q2 2002 * | 157 | $590.4M | 13F-HR |
| Q1 2002 * | 151 | $419.7M | 13F-HR |
| Q4 2001 * | 159 | $238.0M | 13F-HR |
| Q3 2001 * | 185 | $159.2M | 13F-HR |
| Q2 2001 * | 176 | $161.1M | 13F-HR |
| Q1 2001 * | 170 | $139.2M | 13F-HR |
| Q4 2000 * | 168 | $154.4M | 13F-HR |
| Q3 2000 * | 176 | $144.4M | 13F-HR |
| Q2 2000 * | 191 | $292.4M | 13F-HR |
| Q1 2000 * | 194 | $273.2M | 13F-HR |
| Q3 1999 * | 191 | $241.1M | 13F-HR |
| Q2 1999 * | 163 | $128.4M | 13F-HR |
| Q1 1999 * | 166 | $121.6M | 13F-HR |
VI
Large Positions Sold Out
Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.
How to Read This
Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.
| Company | Held | Peak weight | Company since |
|---|---|---|---|
| UPSUnited Parcel Service | Q3 2012 – Q4 2025 | 4% | — |
| PAYXPaychex Inc | Q1 2000 – Q4 2025 | 4% | — |
| ZTSZoetis Inc | Q1 2024 – Q4 2025 | 4% | — |
| SBUXStarbucks Corp | Q2 2020 – Q2 2025 | 4% | — |
| PFEPfizer Inc | Q2 2018 – Q1 2024 | 4% | — |
| —Linde Plc/old | Q4 2007 – Q1 2023 | 5% | Still filing with the SEC |
| —Google LLC | Q2 2021 – Q3 2021 | 7% | Acquired or delisted Feb 12, 2016 |
| GOOGLAlphabet Inc | Q3 2016 – Q2 2021 | 6% | — |
| VFCVF Corp | Q1 2019 – Q1 2021 | 3% | — |
| MDTMedtronic plc | Q2 2014 – Q4 2020 | 5% | Still filing with the SEC |
| VARVarian Medical Systems Inc | Q4 2011 – Q3 2020 | 3% | Acquired or delisted Apr 26, 2021 |
| —RTX Corp | Q2 2008 – Q2 2020 | 6% | Still filing with the SEC |
| —Eidp Inc | Q3 2013 – Q3 2017 | 2% | Still filing with the SEC |
| ZBHZimmer Biomet Holdings Inc | Q4 2011 – Q1 2015 | 50% | — |
| —Laboratory CRP of Amer Holdings | Q3 2011 – Q4 2014 | 2% | Still filing with the SEC |
| CHRWC. H. Robinson Worldwide, Inc | Q1 2010 – Q3 2014 | 3% | Still filing with the SEC |
| —Medtronic Inc | Q1 2000 – Q2 2014 | 5% | No SEC record found |
| SYYSysco Corp | Q1 2005 – Q1 2014 | 4% | — |
| BCRCR Bard Inc | Q3 2009 – Q3 2013 | 2% | Acquired or delisted Jan 8, 2018 |
| WABCWestamerica Bancorporation | Q3 2010 – Q2 2013 | 50% | Still filing with the SEC |
| WRLDWorld Acceptance Corp | Q2 2011 – Q4 2011 | 50% | Still filing with the SEC |
| WFCWells Fargo & Co | Q4 2000 – Q3 2010 | 50% | — |
| YUMYum! Brands Inc | Q2 2010 – Q3 2010 | 50% | — |
| DNEXDionex Corp | Q1 2000 – Q3 2010 | 4% | — |
| ZBRAZebra Technologies Corp | Q1 2010 – Q2 2010 | 50% | Still filing with the SEC |
| —General Electric Co | Q1 2000 – Q1 2010 | 6% | Still filing with the SEC |
| DHRDanaher Corp | Q4 2006 – Q1 2010 | 4% | — |
| ZBRAZebra Technologies Corp | Q3 2000 – Q4 2009 | 50% | Still filing with the SEC |
| INTCIntel Corp | Q1 2000 – Q4 2009 | 7% | — |
| SPGIS&P Global Inc | Q3 2003 – Q4 2009 | 6% | — |
| PFEPfizer Inc | Q1 2000 – Q4 2009 | 5% | — |
| —Merck Sharp & Dohme LLC | Q1 2000 – Q4 2009 | 4% | Acquired or delisted Jan 12, 2010 |
| PDCOPatterson Cos Inc | Q2 2004 – Q4 2008 | 5% | Acquired or delisted Apr 28, 2025 |
| BBBYQ20230930-DK-BUTTERFLY-1 Inc | Q3 2006 – Q4 2008 | 3% | Bankruptcy filing while held or within 2 years of the sale Apr 24, 2023 |
| —Hillshire Brands Co | Q1 2000 – Q1 2008 | 5% | Acquired or delisted Sep 8, 2014 |
| CDWCDW Corp | Q1 2006 – Q4 2007 | 3% | — |
| —Tegna Inc | Q1 2000 – Q1 2007 | 6% | Still filing with the SEC |
| FMCCFreddie Mac | Q1 2000 – Q4 2006 | 6% | Still filing with the SEC |
| —First Data Corp | Q2 2005 – Q4 2006 | 4% | Acquired or delisted Aug 8, 2019 |
| —Schneider Electric It Corp | Q1 2000 – Q4 2006 | 4% | — |