13F filing recap · Q4 2017

What did Jensen Investment Management buy in Q4 2017?

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

Stock value

$7.84B

Positions

Estimated turnover

4.9%

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

EHCEncompass Health Corporation$756.0Kreported value+15.3K shares NTAPNetapp, Inc.$647.0Kreported value+11.7K shares TPRTapestry, Inc.$560.0Kreported value+12.7K shares HBIHanesbrands Inc$544.0Kreported value+26.0K shares HASHasbro, Inc.$486.0Kreported value+5.3K shares CBRECbre Group, Inc.$459.0Kreported value+10.6K shares ONOn Semiconductor Corporation$452.0Kreported value+21.6K shares FHIFederated Hermes, Inc.$404.0Kreported value+11.2K shares AMGAffiliated Managers Group, Inc.$374.0Kreported value+1.8K shares

Increased positions

PEPPepsico, Inc.$463.49Mreported value+189.7K shares+5.2%UTXRtx Corporation$399.38Mreported value+10.0K shares+0.3%PXPraxair, Inc.$386.94Mreported value+15.2K shares+0.6%SYKStryker Corp$383.84Mreported value+6.5K shares

Reduced positions

BDXBecton Dickinson & Co$470.41Mreported value-163.8K shares-6.9%MSFTMicrosoft Corporation$467.23Mreported value-505 shares-0.0%UNHUnitedHealth Group Incorporated$365.18Mreported value-1.4K shares-0.1%ORCLOracle Corporation$348.12Mreported value-4.0K shares

Exited positions

YUMYum! Brands, Inc.$715.0Kprior reported value-9.7K shares-100.0%WDRWaddell & Reed Financial, Inc.$613.0Kprior reported value-30.5K shares-100.0%MARMarriott International Inc /md/$590.0Kprior reported value-5.3K shares-100.0%COHCoach Inc$510.0Kprior reported value-12.7K shares