Jensen Quality Mid Cap Fund Sold ON Semiconductor Corporation (ON) Due to Continued Weak Results

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Soumya Eswaran

Wed, May 13, 2026 astatine 8:05 AM CDT 3 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 stocks similar ON Semiconductor Corporation (NASDAQ:ON). ON Semiconductor Corporation (NASDAQ:ON) is an American semiconductor institution that provides intelligent sensing and powerfulness solutions to the automotive, industrial, aerospace and defense, medical, and connection industries. On May 12, 2026, ON Semiconductor Corporation (NASDAQ:ON) closed astatine $104.11 per share. One-month instrumentality of ON Semiconductor Corporation (NASDAQ:ON) was 43.74%, and its shares gained 130.33% implicit the past 52 weeks. ON Semiconductor Corporation (NASDAQ:ON) has a marketplace capitalization of $40.8 billion.

Jensen Quality Mid Cap Fund stated the pursuing regarding ON Semiconductor Corporation (NASDAQ:ON) successful its Q1 2026 capitalist letter:

"The Investment Team besides liquidated the Portfolio’s remaining positions successful ON Semiconductor Corporation (NASDAQ:ON). ON was liquidated during the 4th owed to continued deterioration successful the company’s concern results, which had led to anticipation of its ROE falling beneath our minimum threshold of 15%."

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