Jensen Investment Management significantly cut its position in Broadridge Financial Solutions (BR) by 55.58% during the second quarter of 2026, lowering its holdings from 855.78K to 380.13K shares. The transaction reduced the portfolio weight of the fintech firm from 2.74% to 1.26%. This trade information comes from a quarterly 13F filing submitted to the SEC on August 7, 2026, which discloses positions held as of June 30, 2026, and does not reflect real-time trading activity.
The reduction in Broadridge was part of a broader series of significant trims by Jensen during the quarter, which also included substantial reductions in major technology holdings. While Jensen has not publicly commented on the specific reasons for the sale, the firm is known for its long-term focus on high-quality growth companies. The move could reflect routine portfolio rebalancing or a tactical shift rather than a fundamental change in outlook on Broadridge's prospects.