13F filing recap · Q4 2013

What did Jensen Investment Management buy in Q4 2013?

Reported stock-position changes between this filing and the previous one.

Stock value

$7.04B

Positions

Estimated turnover

10.7%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

DVADaVita Inc.$552.0Kreported value+8.7K shares NSRNeustar Inc$534.0Kreported value+10.7K shares BAXBaxter International Inc$529.0Kreported value+7.6K shares SLGNSilgan Holdings Inc$529.0Kreported value+11.0K shares AVPAvon Products, Inc.$506.0Kreported value+29.4K shares WWWw International Inc$490.0Kreported value+14.9K shares PRAAPra Group, Inc$471.0Kreported value+8.9K shares IGTInternational Game Technology$431.0Kreported value+23.8K shares HPYHeartland Payment Systems, Inc.$339.0Kreported value+6.8K shares

Increased positions

PEPPepsico, Inc.$358.66Mreported value+468.4K shares+12.1%ACNAccenture Plc$327.19Mreported value+555.7K shares+16.2%BDXBecton Dickinson & Co$297.62Mreported value+239.2K shares+9.7%PXPraxair, Inc.$279.61Mreported value+200.4K shares

Reduced positions

MMM3m Company$353.00Mreported value-563.9K shares-18.3%UTXRtx Corporation$341.17Mreported value-36.5K shares-1.2%CLColgate-Palmolive Company$321.93Mreported value-61.1K shares-1.2%ORCLOracle Corporation$306.65Mreported value-94.3K shares

Exited positions

TTCThe Toro Company$489.0Kprior reported value-9.0K shares-100.0%NUSNu Skin Enterprises, Inc.$488.0Kprior reported value-5.1K shares-100.0%SGITempur Sealy International Inc$488.0Kprior reported value-11.1K shares-100.0%DELLDell Technologies Inc.$487.0Kprior reported value-35.3K shares