In a significant portfolio shift, Jensen Investment Management drastically reduced its position in Intuit Inc. (INTU) by 92.73% during the second quarter of 2026. According to its 13F filing dated August 7, 2026, the firm's holdings were cut from 103,530 shares down to just 7,530. This public disclosure reflects investment changes made as of June 30, 2026, and may not represent the firm's current holdings.
Jensen publicly stated the sale was due to a loss of confidence in the durability of Intuit's competitive advantages and the stability of its future earnings. The firm specifically cited concerns over potential disruption from artificial intelligence and slowing growth in the company's TurboTax segment as key factors in its decision to exit the long-held position.