13F filing recap · Q4 2023

What did Jensen Investment Management buy in Q4 2023?

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

Stock value

$13.20B

Positions

Estimated turnover

5.4%

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

KKellanova$4.90Mreported value+87.7K shares ULTAUlta Beauty, Inc.$3.78Mreported value+7.7K shares

Increased positions

GISGeneral Mills, Inc.$8.03Mreported value+3.0K shares+2.5%CCKCrown Holdings, Inc.$7.52Mreported value+810 shares+1.0%GPCGenuine Parts Co$6.15Mreported value+5.3K shares+13.5%TSCOTractor Supply Co /de/$5.63Mreported value+2.1K shares

Reduced positions

MSFTMicrosoft Corporation$969.14Mreported value-314.7K shares-10.9%GOOGLAlphabet Inc.$879.05Mreported value-138.9K shares-2.2%ACNAccenture Plc$851.53Mreported value-168.0K shares-6.5%PEPPepsico, Inc.$819.37Mreported value-103.5K shares

Exited positions

KKellanova$5.14Mprior reported value-86.3K shares-100.0%EXPDExpeditors International of Washington, Inc.$3.44Mprior reported value-30.0K shares-100.0%RMDResmed Inc.$1.73Mprior reported value-11.7K shares-100.0%