Jensen Investment Managementa US-based asset management company, released an investor prospectus for the first quarter of 2025 for the “Jensen Quality Mid Cap Fund”. A copy of the book is available for download here. Jensen Quality Mid Cap Fund aims for long-term growth. The fund returned -2.53% in Q1 2026, trailing the 0.60% return of the MSCI US Mid Cap 450 Index. Average stocks were lower for the quarter due to inflation, war, higher energy prices, and cautious consumer spending. The rapid investment growth in AI has had an impact on the Index, boosting some stocks but hurting others, especially software and business services stocks facing concerns of AI disruption. Energy stocks increased after the Iran War, a challenging operation. The fund’s portfolio focuses on high-quality companies with a 15%+ ROE over ten years, demonstrating continued returns. Quarterly performance benefited from an underweight in Financial Services & Telecommunications and a higher exposure to the Industrials sector, while an underweight exposure to the Energy & Utilities sectors and an overweight to Consumer Discretionary activity hurt performance. Please review the Fund’s top five holdings for details on their key options for 2026.
In its 2026 Q1 investor letter, Jensen Quality Mid Cap Fund highlighted Aon plc (NYSE:AON) as a newly added position. Aon plc (NYSE:AON) is a professional services firm that provides risk management, insurance brokerage, and consulting solutions to organizations. On May 11, 2026, Aon plc (NYSE:AON) closed at $312.07 per share. One-month return of Aon plc (NYSE:AON) was -3.39%, and its shares lost 12.11% in the last 52 weeks. Aon plc (NYSE:AON) has a market capitalization of $66.65 billion.
Jensen Quality Mid Cap Fund said the following about Aon plc (NYSE:AON) in its Q1 2026 investor letter:
“During the quarter, the Quality Mid Cap Investment team established positions Aon plc (NYSE:AON), The Sherwin-Williams Company (SHW), and Cadence Design Systems, Inc (CDNS). AON provides insurance services for the sale of commercial insurance and health insurance, employee benefits, and retirement plan consulting to corporate clients. The firm also provides investment advisory services to fiduciaries and employers. We added AON to the Portfolio because of its attractive valuation, strong brand name recognition, economies of scale, and high customer renewal rates.”
Aon plc (NYSE:AON) is not on our list of the 40 Most Popular Stocks Among Hedge Funds Entering 2026. According to our database, 70 hedge fund portfolios held Aon plc (NYSE:AON) at the end of the fourth quarter, compared to 76 for the previous quarter. While we acknowledge the strength of Aon plc (NYSE:AON) as an investment, we believe certain AI stocks offer greater potential and carry less downside risk. If you’re looking for an extremely overlooked AI stock that will benefit greatly from the Trump-era costs and sea trend, check out our free report best short term AI stock.
