13F filing recap · Q2 2018

What did Jensen Investment Management buy in Q2 2018?

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

Stock value

$7.44B

Positions

Estimated turnover

11.6%

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

PFEPfizer Inc.$110.29Mreported value+3.04M shares

Increased positions

MMM3m Company$297.43Mreported value+132.6K shares+9.6%WATWaters Corporation$204.65Mreported value+52.8K shares+5.3%PAYXPaychex, Inc.$1.05Mreported value+5.6K shares+57.1%HBIHanesbrands Inc$830.0Kreported value+10.5K shares

Reduced positions

BDXBecton Dickinson & Co$467.33Mreported value-256.2K shares-11.6%MSFTMicrosoft Corporation$407.48Mreported value-529.0K shares-11.3%PEPPepsico, Inc.$406.40Mreported value-148.9K shares-3.8%PXPraxair, Inc.$379.81Mreported value-98.4K shares

Exited positions

SAMThe Boston Beer Company, Inc.$323.0Kprior reported value-1.7K shares-100.0%VGRVector Group Ltd$317.0Kprior reported value-15.6K shares-100.0%TGTTarget Corporation$233.0Kprior reported value-3.4K shares-100.0%BBBYBed Bath & Beyond, Inc.$226.0Kprior reported value-10.8K shares