Jensen Mid Cap Fund Sold FactSet Research Systems (FDS) Despite Positive View

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Soumya Eswaran

Tue, May 12, 2026 astatine 7:44 AM CDT 4 min read

Jensen Investment Management, an plus absorption institution based successful the US, released its first-quarter 2025 capitalist missive for the “Jensen Quality Mid Cap Fund”. A transcript of the missive is disposable to download here. The Jensen Quality Mid Cap Fund aims for semipermanent growth. The Fund returned -2.53% successful Q1 2026, lagging the 0.60% instrumentality for the MSCI US Mid Cap 450 Index. Mid-cap stocks were level successful the 4th owed to inflation, war, precocious vigor prices, and cautious user spending. Rapid AI concern maturation impacted the Index, boosting immoderate stocks but hurting others, particularly bundle and concern services stocks facing AI disruption concerns. Energy stocks surged aft the Iran War, challenging performance. The fund's process focuses connected high-quality companies with a 15%+ ROE for 10 years, indicating sustained advantages. Quarterly show benefited from underweights successful the Financials and Communications Services and higher vulnerability to the Industrials sector, portion underweight vulnerability successful the Energy and Utilities sectors and overweight successful Consumer Discretionary wounded performance. Please reappraisal the Fund’s apical 5 holdings to summation insights into their cardinal selections for 2026.

In its first-quarter 2026 capitalist letter, Jensen Quality Mid Cap Fund highlighted FactSet Research Systems Inc. (NYSE:FDS). FactSet Research Systems Inc. (NYSE:FDS) is simply a fiscal information institution that provides integrated fiscal accusation and analytical applications for the concern community. On May 11, 2026, FactSet Research Systems Inc. (NYSE:FDS) closed astatine $219.19 per share. One-month instrumentality of FactSet Research Systems Inc. (NYSE:FDS) was -1.95%, and its shares mislaid 51.45% implicit the past 52 weeks. FactSet Research Systems Inc. (NYSE:FDS) has a marketplace capitalization of $7.99 billion.

Jensen Quality Mid Cap Fund stated the pursuing regarding FactSet Research Systems Inc. (NYSE:FDS) successful its Q1 2026 capitalist letter:

"The 3rd largest detractor from Portfolio show during the 4th was FactSet Research Systems Inc. (NYSE:FDS), a supplier of economical and fiscal information to plus managers, concern bankers, and different fiscal professionals. We judge the banal underperformed owed to capitalist concerns that the company’s business, similar BR and G, could beryllium disrupted by AI. Historically, we person had a favorable sentiment of the company’s concern exemplary owed to its coagulated marketplace presumption and precocious recurring gross streams stemming from lawsuit switching costs and multi-year lawsuit contracts. Despite these strengths, the presumption was liquidated during the 4th arsenic we judge AI-native companies correspond a existent menace to FDS’s business, owed to overmuch of the underlying information supporting FDS’s merchandise offerings being publically disposable and truthful accessible to caller competitors. In addition, we judge it volition beryllium comparatively casual for AI-native companies to replicate the analytics FDS provides to its clients. Lastly, a simplification successful employment levels crossed its lawsuit basal owed to the accrued usage of AI could unit revenues fixed the company’s spot based subscription income model."

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