0001171200-11-000950.txt : 20111028 0001171200-11-000950.hdr.sgml : 20111028 20111028142607 ACCESSION NUMBER: 0001171200-11-000950 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111028 DATE AS OF CHANGE: 20111028 EFFECTIVENESS DATE: 20111028 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: 111164736 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 i00459_jensen-13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Report for the Calendar Year or Quarter Ended: September 30, 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) 726-4384 Signature, Place, and Date of Signing: /s/ Jennifer Ottosen October 28, 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: 64 ---------------- Form 13F Information Table Value Total: $4,893,052 ---------------- (thousands) List of Other Included Managers: None ---------------- Jensen Investment Management, Inc. September 30, 2011

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 211,273 2,942,943 Abbott Labs Com COM 002824100 220,902 4,319,567 Accenture PLC Ireland COM G1151C101 435 8,270 Adobe Systems Inc COM 00724F101 205,110 8,486,162 Aeropostale Inc COM 007865108 318 29,470 Alliant Techsystems Inc COM 018804104 406 7,450 Amphenol Corp COM 032095101 174,400 4,277,668 Apollo Group Inc Cl A COM 037604105 398 10,060 Arthur J Gallagher COM 363576109 226 8,600 Automatic Data Processing COM 053015103 168,720 3,578,374 Ball Corporation COM 058498106 248 8,010 Bard (C.R.) Inc COM 067383109 116,228 1,327,724 Becton Dickinson COM 075887109 198,464 2,706,822 Best Buy Company Inc COM 086516101 411 17,640 Bristol Myers Squibb Co Com COM 110122108 570 18,180 CH Robinson Worldwide COM 12541W209 148,012 2,161,713 Cigna Corp COM 125509109 411 9,800 Clorox Co COM 189054109 5,497 82,875 Coca-Cola Co COM 191216100 101,570 1,503,408 Cognizant Tech Solutions Corp COM 192446102 192,810 3,075,129 Colgate-Palmolive Co COM 194162103 170,558 1,923,304 Davita Inc COM 23918K108 246 3,940 Dell Inc COM 24702R101 410 29,030 Deluxe Corp COM 248019101 387 20,810 Eaton Vance COM 278265103 405 18,190 Ecolab Inc COM 278865100 77,435 1,583,867 Eli Lilly & Co COM 532457108 502 13,600 Emerson Electric Co COM 291011104 216,355 5,237,353 Equifax Inc COM 294429105 167,019 5,433,283 Exelon Corp COM 30161N101 509 11,960 Express Scripts Inc Cl A COM 302182100 358 9,670 Exxon Mobil Corp COM 30231G102 435 5,990 Federated Investors Inc. COM 314211103 400 22,860 Forest Labs COM 345838106 405 13,170 General Dynamics Corp COM 369550108 412 7,250 ITT Educational Svcs COM 45068B109 318 5,530 Johnson & Johnson COM 478160104 1,336 20,990 Kroger Co COM 501044101 437 19,920 Laboratory Corp of America Hol COM 50540R409 77,185 976,413 Landstar System Inc COM 515098101 437 11,070 Lexmark Intl Inc COM 529771107 473 17,500 Medtronic Inc COM 585055106 110,792 3,333,098 Microsoft Corp Com COM 594918104 211,272 8,488,238 Nike Inc Cl B COM 654106103 120,365 1,407,616 Omnicom Group Inc COM 681919106 216,535 5,877,732 Oracle Corp COM 68389X105 194,734 6,775,724 Paychex Inc COM 704326107 104,243 3,953,117 Pepsico Inc COM 713448108 255,507 4,127,750 Praxair Inc COM 74005P104 205,976 2,203,425 Procter & Gamble Co COM 742718109 263,866 4,176,426 Quest Diagnostics Inc COM 74834L100 442 8,970 Radioshack COM 750438103 462 39,840 Stryker Corp COM 863667101 166,805 3,539,261 Sysco Corp COM 871829107 420 16,230 T Rowe Price Group Inc COM 74144T108 214,943 4,499,556 TJX Companies Inc COM 872540109 303 5,480 United Parcel Svc Cl B COM 911312106 433 6,870 United Technologies Corp COM 913017109 222,273 3,159,085 Unitedhealth Group Inc COM 91324P102 463 10,060 Waddell & Reed Financial Inc COM 930059100 342 13,680 Wal Mart Stores Inc COM 931142103 413 7,960 Waters Corp COM 941848103 139,234 1,844,408 Westamerica Bancorporation COM 957090103 385 10,070 World Acceptance Corp COM 981419104 413 7,390 4,893,052 103,477,551 ========= ===========

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 2,762,893 180,050 Abbott Labs Com Sole 4,060,892 258,675 Accenture PLC Ireland Sole 8,270 Adobe Systems Inc Sole 7,974,912 511,250 Aeropostale Inc Sole 29,470 Alliant Techsystems Inc Sole 7,450 Amphenol Corp Sole 4,016,668 261,000 Apollo Group Inc Cl A Sole 10,060 Arthur J Gallagher Sole 8,600 Automatic Data Processing Sole 3,367,899 210,475 Ball Corporation Sole 8,010 Bard (C.R.) Inc Sole 1,247,074 80,650 Becton Dickinson Sole 2,568,482 138,340 Best Buy Company Inc Sole 17,640 Bristol Myers Squibb Co Com Sole 18,180 CH Robinson Worldwide Sole 2,032,343 129,370 Cigna Corp Sole 9,800 Clorox Co Sole 81,375 1,500 Coca-Cola Co Sole 1,416,486 86,922 Cognizant Tech Solutions Corp Sole 2,893,689 181,440 Colgate-Palmolive Co Sole 1,804,982 118,322 Davita Inc Sole 3,940 Dell Inc Sole 29,030 Deluxe Corp Sole 20,810 Eaton Vance Sole 18,190 Ecolab Inc Sole 1,490,085 93,782 Eli Lilly & Co Sole 13,600 Emerson Electric Co Sole 4,923,346 314,007 Equifax Inc Sole 5,105,251 328,032 Exelon Corp Sole 11,960 Express Scripts Inc Cl A Sole 9,670 Exxon Mobil Corp Sole 5,990 Federated Investors Inc. Sole 22,860 Forest Labs Sole 13,170 General Dynamics Corp Sole 7,250 ITT Educational Svcs Sole 5,530 Johnson & Johnson Sole 19,990 1,000 Kroger Co Sole 19,920 Laboratory Corp of America Hol Sole 914,513 61,900 Landstar System Inc Sole 11,070 Lexmark Intl Inc Sole 17,500 Medtronic Inc Sole 3,136,864 196,234 Microsoft Corp Com Sole 7,980,719 507,519 Nike Inc Cl B Sole 1,323,376 84,240 Omnicom Group Inc Sole 5,533,503 344,229 Oracle Corp Sole 6,385,064 390,660 Paychex Inc Sole 3,700,977 252,140 Pepsico Inc Sole 3,893,897 233,853 Praxair Inc Sole 2,077,683 125,742 Procter & Gamble Co Sole 3,937,541 238,885 Quest Diagnostics Inc Sole 8,970 Radioshack Sole 39,840 Stryker Corp Sole 3,330,668 208,593 Sysco Corp Sole 16,230 T Rowe Price Group Inc Sole 4,229,743 269,813 TJX Companies Inc Sole 5,480 United Parcel Svc Cl B Sole 6,870 United Technologies Corp Sole 2,989,479 169,606 Unitedhealth Group Inc Sole 10,060 Waddell & Reed Financial Inc Sole 13,680 Wal Mart Stores Inc Sole 7,960 Waters Corp Sole 1,738,798 105,610 Westamerica Bancorporation Sole 10,070 World Acceptance Corp Sole 7,390