13F filing recap · Q4 2022

What did Jensen Investment Management buy in Q4 2022?

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

Stock value

$12.79B

Positions

Estimated turnover

11.0%

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

AONAon Plc$1.09Mreported value+3.6K shares SPYSPDR S&P 500 ETF Trust$240.9Kreported value+630 shares RSReliance, Inc.$230.8Kreported value+1.1K shares

Increased positions

PEPPepsico, Inc.$890.47Mreported value+128.9K shares+2.7%MSFTMicrosoft Corporation$764.93Mreported value+153.9K shares+5.1%UNHUnitedHealth Group Incorporated$738.59Mreported value+185.7K shares+15.4%SYKStryker Corp$645.03Mreported value+135.8K shares

Reduced positions

JNJJohnson & Johnson$582.21Mreported value-298.5K shares-8.3%BDXBecton Dickinson & Co$511.04Mreported value-113.8K shares-5.4%ADPAutomatic Data Processing Inc$509.09Mreported value-135.7K shares-6.0%TJXThe Tjx Companies, Inc.$299.66Mreported value-498.6K shares