0001171200-12-000454.txt : 20120504 0001171200-12-000454.hdr.sgml : 20120504 20120504172548 ACCESSION NUMBER: 0001171200-12-000454 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120504 DATE AS OF CHANGE: 20120504 EFFECTIVENESS DATE: 20120504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JENSEN INVESTMENT MANAGEMENT INC CENTRAL INDEX KEY: 0001106129 IRS NUMBER: 000000000 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03495 FILM NUMBER: 12815375 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 i00205_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, 2012 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) 726-4384 Signature, Place, and Date of Signing: /s/ Jennifer Ottosen May 3, 2012 ----------------------------- ----------------------------- 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: 73 ---------------- Form 13F Information Table Value Total: $5,789,675 ---------------- (thousands) List of Other Included Managers: None ---------------- Jensen Investment Management, Inc. March 31, 2012

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 269,388 3,019,713 Abbott Labs Com COM 002824100 225,919 3,686,079 Accenture PLC Ireland COM G1151C101 457 7,100 Adobe Systems Inc COM 00724F101 215,853 6,291,267 Aeropostale Inc COM 007865108 524 24,280 Alliant Techsystems Inc COM 018804104 343 6,850 Amphenol Corp COM 032095101 234,314 3,920,277 Apollo Group Inc Cl A COM 037604105 286 7,420 Automatic Data Processing COM 053015103 188,327 3,412,344 Avon Products Inc COM 054303102 426 22,030 Ball Corporation COM 058498106 448 10,470 Bard (C.R.) Inc COM 067383109 115,735 1,172,364 Baxter International Inc COM 071813109 436 7,300 Becton Dickinson COM 075887109 187,389 2,413,252 Best Buy Company Inc COM 086516101 376 15,880 CH Robinson Worldwide COM 12541W209 165,708 2,530,283 Campbell Soup Co COM 134429109 432 12,790 Cigna Corp COM 125509109 448 9,110 Clorox Co COM 189054109 5,146 74,860 Coca-Cola Co COM 191216100 112,588 1,521,265 Cognizant Tech Solutions Corp COM 192446102 239,286 3,109,642 Colgate-Palmolive Co COM 194162103 201,778 2,063,601 Davita Inc COM 23918K108 232 2,580 Dell Inc COM 24702R101 403 24,280 Deluxe Corp COM 248019101 394 16,850 Eaton Vance COM 278265103 435 15,250 Ecolab Inc COM 278865100 82,640 1,338,957 Eli Lilly & Co COM 532457108 411 10,210 Emerson Electric Co COM 291011104 276,748 5,303,733 Equifax Inc COM 294429105 203,794 4,604,478 Exelon Corp COM 30161N101 397 10,140 Express Scripts Holding Compan COM 30219G108 419 7,740 Federated Investors Inc. COM 314211103 488 21,780 Fiserv Inc. COM 337738108 444 6,400 Forest Labs COM 345838106 445 12,850 General Dynamics Corp COM 369550108 416 5,680 Global Payments Inc. COM 37940X102 383 8,080 ITT Educational Svcs COM 45068B109 435 6,590 Johnson & Johnson COM 478160104 1,331 20,190 Kroger Co COM 501044101 397 16,410 Laboratory Corp of America Hol COM 50540R409 124,455 1,359,573 Landstar System Inc COM 515098101 387 6,710 Lexmark Intl Inc COM 529771107 384 11,560 Medtronic Inc COM 585055106 117,950 3,009,708 Microsoft Corp Com COM 594918104 276,849 8,584,471 Nike Inc Cl B COM 654106103 119,800 1,104,766 Omnicom Group Inc COM 681919106 283,669 5,600,572 Oracle Corp COM 68389X105 248,270 8,514,064 Paychex Inc COM 704326107 79,133 2,553,514 Pepsico Inc COM 713448108 279,855 4,217,865 Pitney Bowes Inc COM 724479100 366 20,870 Praxair Inc COM 74005P104 213,922 1,866,035 Procter & Gamble Co COM 742718109 284,978 4,240,127 Quest Diagnostics Inc COM 74834L100 422 6,910 Radioshack COM 750438103 249 40,190 Rockwell Collins Inc. COM 774341101 397 6,910 Strayer Education COM 863236105 340 3,610 Stryker Corp COM 863667101 187,384 3,377,516 Sysco Corp COM 871829107 399 13,370 T Rowe Price Group Inc COM 74144T108 274,905 4,209,891 TJX Companies Inc COM 872540109 477 12,020 Target Corp COM 87612E106 410 7,040 United Parcel Svc Cl B COM 911312106 433 5,370 United Technologies Corp COM 913017109 265,234 3,197,905 Unitedhealth Group Inc COM 91324P102 476 8,080 Valassis Communications COM 918866104 425 18,480 Varian Medical Systems COM 92220P105 117,366 1,701,955 Waddell & Reed Financial Inc COM 930059100 449 13,880 Wal Mart Stores Inc COM 931142103 407 6,660 Walgreen Company COM 931422109 391 11,690 Waters Corp COM 941848103 172,805 1,864,938 Westamerica Bancorporation COM 957090103 430 8,970 Zimmer Holdings Inc COM 98956P102 439 6,840 ------------------------- 5,789,675 100,382,435 =========================

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 2,858,963 160,750 Abbott Labs Com Sole 3,485,954 200,125 Accenture PLC Ireland Sole 7,100 Adobe Systems Inc Sole 5,964,467 326,800 Aeropostale Inc Sole 24,280 Alliant Techsystems Inc Sole 6,850 Amphenol Corp Sole 3,708,527 211,750 Apollo Group Inc Cl A Sole 7,420 Automatic Data Processing Sole 3,227,719 184,625 Avon Products Inc Sole 22,030 Ball Corporation Sole 10,470 Bard (C.R.) Inc Sole 1,110,644 61,720 Baxter International Inc Sole 7,300 Becton Dickinson Sole 2,305,512 107,740 Best Buy Company Inc Sole 15,880 CH Robinson Worldwide Sole 2,395,913 134,370 Campbell Soup Co Sole 12,790 Cigna Corp Sole 9,110 Clorox Co Sole 73,660 1,200 Coca-Cola Co Sole 1,443,043 78,222 Cognizant Tech Solutions Corp Sole 2,949,552 160,090 Colgate-Palmolive Co Sole 1,957,079 106,522 Davita Inc Sole 2,580 Dell Inc Sole 24,280 Deluxe Corp Sole 16,850 Eaton Vance Sole 15,250 Ecolab Inc Sole 1,269,425 69,532 Eli Lilly & Co Sole 10,210 Emerson Electric Co Sole 5,025,126 278,607 Equifax Inc Sole 4,356,996 247,482 Exelon Corp Sole 10,140 Express Scripts Holding Compan Sole 7,740 Federated Investors Inc. Sole 21,780 Fiserv Inc. Sole 6,400 Forest Labs Sole 12,850 General Dynamics Corp Sole 5,680 Global Payments Inc. Sole 8,080 ITT Educational Svcs Sole 6,590 Johnson & Johnson Sole 19,190 1,000 Kroger Co Sole 16,410 Laboratory Corp of America Hol Sole 1,286,803 72,770 Landstar System Inc Sole 6,710 Lexmark Intl Inc Sole 11,560 Medtronic Inc Sole 2,853,324 156,384 Microsoft Corp Com Sole 8,136,242 448,229 Nike Inc Cl B Sole 1,046,776 57,990 Omnicom Group Inc Sole 5,291,843 308,729 Oracle Corp Sole 8,064,934 449,130 Paychex Inc Sole 2,417,324 136,190 Pepsico Inc Sole 3,996,112 221,753 Pitney Bowes Inc Sole 20,870 Praxair Inc Sole 1,768,293 97,742 Procter & Gamble Co Sole 4,018,992 221,135 Quest Diagnostics Inc Sole 6,910 Radioshack Sole 40,190 Rockwell Collins Inc. Sole 6,910 Strayer Education Sole 3,610 Stryker Corp Sole 3,197,673 179,843 Sysco Corp Sole 13,370 T Rowe Price Group Inc Sole 3,975,428 234,463 TJX Companies Inc Sole 12,020 Target Corp Sole 7,040 United Parcel Svc Cl B Sole 5,370 United Technologies Corp Sole 3,053,099 144,806 Unitedhealth Group Inc Sole 8,080 Valassis Communications Sole 18,480 Varian Medical Systems Sole 1,611,415 90,540 Waddell & Reed Financial Inc Sole 13,880 Wal Mart Stores Inc Sole 6,660 Walgreen Company Sole 11,690 Waters Corp Sole 1,767,728 97,210 Westamerica Bancorporation Sole 8,970 Zimmer Holdings Inc Sole 6,840