0001171200-11-000430.txt : 20110511 0001171200-11-000430.hdr.sgml : 20110511 20110511120046 ACCESSION NUMBER: 0001171200-11-000430 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110511 DATE AS OF CHANGE: 20110511 EFFECTIVENESS DATE: 20110511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JENSEN INVESTMENT MANAGEMENT INC CENTRAL INDEX KEY: 0001106129 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03495 FILM NUMBER: 11830889 BUSINESS ADDRESS: STREET 1: 5300 MEADOWS ROAD STREET 2: SUITE 250 CITY: LAKE OSWEGO STATE: OR ZIP: 97035 BUSINESS PHONE: 5037264384 MAIL ADDRESS: STREET 1: 5300 MEADOWS ROAD STREET 2: SUITE 250 CITY: LAKE OSWEGO STATE: OR ZIP: 97035 13F-HR 1 i00228_jensen-13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Report for the Calendar Year or Quarter Ended: March 31, 2011 Check here if Amendment [ ]; Amendment Number: _____ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Jensen Investment Management, Inc. Address: 5300 Meadows Road, Suite 250 Lake Oswego, OR 97035-8234 13F File Number: 28-03495 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Jennifer Ottosen Title: Chief Compliance Officer & Counsel Phone: (503) 726-2058 Signature, Place, and Date of Signing: /s/ Jennifer Ottosen May 11, 2011 ----------------------------- ----------------------------- Jennifer Ottosen Lake Oswego, OR Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Report Summary: Number of Other Included Managers: -0- ---------------- Form 13F Information Table Entry Total: 62 ---------------- Form 13F Information Table Value Total: $5,457,962 ---------------- (thousands) List of Other Included Managers: None ---------------- Jensen Investment Management, Inc. March 31, 2010

ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 Fair Market Number Value of Name of Issuer Title of Class Cusip # (thousands) Shares ----------------------- -------------- ------------ ----------- ----------- 3M Co COM 88579Y101 280,240 2,997,228 Abbott Labs Com COM 002824100 231,776 4,725,315 Accenture PLC Ireland COM G1151C101 258 4,710 Adobe Systems Inc COM 00724F101 263,748 7,953,823 Aeropostale Inc COM 007865108 352 14,480 Alliant Techsystems Inc COM 018804104 345 4,890 Amphenol Corp COM 032095101 124,114 2,281,933 Apollo Group Inc Cl A COM 037604105 366 8,790 Arthur J Gallagher COM 363576109 383 12,610 Automatic Data Processing COM 053015103 174,809 3,406,936 Bard (C.R.) Inc COM 067383109 154,739 1,558,145 Baxter International Inc COM 071813109 204 3,810 Becton Dickinson COM 075887109 171,108 2,149,063 Bristol Myers Squibb Co Com COM 110122108 373 14,130 CH Robinson Worldwide COM 12541W209 95,200 1,284,233 Campbell Soup Co COM 134429109 345 10,430 Cardinal Health Inc COM 14149Y108 365 8,890 Cigna Corp COM 125509109 400 9,040 Clorox Co COM 189054109 93,685 1,337,027 Coca-Cola Co COM 191216100 150,074 2,261,859 Cognizant Tech Solutions Corp COM 192446102 185,212 2,275,334 Colgate-Palmolive Co COM 194162103 159,356 1,973,209 Dell Inc COM 24702R101 391 26,970 Eaton Vance COM 278265103 383 11,900 Ecolab Inc COM 278865100 90,361 1,771,095 Eli Lilly & Co COM 532457108 371 10,570 Emerson Electric Co COM 291011104 221,823 3,796,399 Equifax Inc COM 294429105 217,241 5,591,795 Exelon Corp COM 30161N101 348 8,450 Exxon Mobil Corp COM 30231G102 391 4,650 Federated Investors Inc. COM 314211103 368 13,770 Forest Labs COM 345838106 369 11,450 Garmin Ltd COM H2906T109 361 10,680 General Dynamics Corp COM 369550108 401 5,250 ITT Educational Svcs COM 45068B109 361 5,010 Johnson & Johnson COM 478160104 1,773 29,940 Kroger Co COM 501044101 406 16,940 Lexmark Intl Inc COM 529771107 384 10,370 Medtronic Inc COM 585055106 246,131 6,254,925 Microsoft Corp Com COM 594918104 253,006 9,976,585 Moodys Corp COM 615369105 432 12,750 Nike Inc Cl B COM 654106103 627 8,289 Nu Skin Enterprises COM 67018T105 347 12,100 Omnicom Group Inc COM 681919106 274,963 5,604,639 Oracle Corp COM 68389X105 221,735 6,644,759 Paychex Inc COM 704326107 133,447 4,255,331 Pepsico Inc COM 713448108 255,512 3,966,964 Pfizer Inc Com COM 717081103 396 19,520 Praxair Inc COM 74005P104 196,700 1,936,027 Procter & Gamble Co COM 742718109 229,834 3,731,077 Radioshack COM 750438103 358 23,900 Silgan Holdings Inc COM 827048109 385 10,120 Stryker Corp COM 863667101 252,959 4,160,513 Sysco Corp COM 871829107 84,675 3,056,874 T Rowe Price Group Inc COM 74144T108 257,387 3,875,150 Total System Services COM 891906109 387 21,490 United Technologies Corp COM 913017109 274,694 3,245,062 Unitedhealth Group Inc COM 91324P102 430 9,520 Waddell & Reed Financial Inc COM 930059100 283 6,970 Wal Mart Stores Inc COM 931142103 331 6,370 Waters Corp COM 941848103 149,386 1,719,062 Westamerica Bancorporation COM 957090103 373 7,270 5,457,962 104,186,391 ========= ===========

ITEM 1 ITEM 6 ITEM 7 ITEM 8 Voting Authority Investment Other Sole Shared None Name of Issuer Discretion Managers (Shares) (Shares) (Shares) ----------------------- ---------- -------- ----------- ----------- -------- 3M Co Sole 2,803,968 193,260 Abbott Labs Com Sole 4,420,540 304,775 Accenture PLC Ireland Sole 4,710 Adobe Systems Inc Sole 7,453,923 499,900 Aeropostale Inc Sole 14,480 Alliant Techsystems Inc Sole 4,890 Amphenol Corp Sole 2,131,603 150,330 Apollo Group Inc Cl A Sole 8,790 Arthur J Gallagher Sole 12,610 Automatic Data Processing Sole 3,179,501 227,435 Bard (C.R.) Inc Sole 1,452,325 105,820 Baxter International Inc Sole 3,810 Becton Dickinson Sole 2,031,143 117,920 Bristol Myers Squibb Co Com Sole 14,130 CH Robinson Worldwide Sole 1,200,433 83,800 Campbell Soup Co Sole 10,430 Cardinal Health Inc Sole 8,890 Cigna Corp Sole 9,040 Clorox Co Sole 1,251,773 85,254 Coca-Cola Co Sole 2,111,387 150,472 Cognizant Tech Solutions Corp Sole 2,129,534 145,800 Colgate-Palmolive Co Sole 1,845,387 127,822 Dell Inc Sole 26,970 Eaton Vance Sole 11,900 Ecolab Inc Sole 1,656,673 114,422 Eli Lilly & Co Sole 10,570 Emerson Electric Co Sole 3,546,692 249,707 Equifax Inc Sole 5,218,653 373,142 Exelon Corp Sole 8,450 Exxon Mobil Corp Sole 4,650 Federated Investors Inc. Sole 13,770 Forest Labs Sole 11,450 Garmin Ltd Sole 10,680 General Dynamics Corp Sole 5,250 ITT Educational Svcs Sole 5,010 Johnson & Johnson Sole 28,940 1,000 Kroger Co Sole 16,940 Lexmark Intl Inc Sole 10,370 Medtronic Inc Sole 5,849,551 405,374 Microsoft Corp Com Sole 9,349,766 626,819 Moodys Corp Sole 12,750 Nike Inc Cl B Sole 8,289 Nu Skin Enterprises Sole 12,100 Omnicom Group Inc Sole 5,244,310 360,329 Oracle Corp Sole 6,193,409 451,350 Paychex Inc Sole 3,977,521 277,810 Pepsico Inc Sole 3,718,861 248,103 Pfizer Inc Com Sole 19,520 Praxair Inc Sole 1,809,485 126,542 Procter & Gamble Co Sole 3,503,282 227,795 Radioshack Sole 23,900 Silgan Holdings Inc Sole 10,120 Stryker Corp Sole 3,886,220 274,293 Sysco Corp Sole 2,854,987 201,887 T Rowe Price Group Inc Sole 3,623,687 251,463 Total System Services Sole 21,490 United Technologies Corp Sole 3,029,766 215,296 Unitedhealth Group Inc Sole 9,520 Waddell & Reed Financial Inc Sole 6,970 Wal Mart Stores Inc Sole 6,370 Waters Corp Sole 1,608,872 110,190 Westamerica Bancorporation Sole 7,270