Jensen Quality Growth Equity Divested Amphenol (APH) Due to Elevated Valuation

Core Insights - Jensen Investment Management's fourth-quarter investor letter for the "Jensen Quality Growth Equity Strategy" indicates that the strategy underperformed the S&P 500 Index in Q4 2025, returning -0.55% compared to the Index's 2.66% [1] - The underperformance was primarily attributed to the Industrials sector and the outperformance of low-quality stocks, highlighting a current market trend characterized by concentration in mega-cap technology [1] - The portfolio is strategically positioned to benefit from growth in AI and digital transformation while focusing on quality and durability for long-term shareholder returns [1] Company-Specific Insights - Amphenol Corporation (NYSE: APH) is highlighted as a key holding, being a leading manufacturer of electrical, electronic, and fiber optic connectors [2] - As of March 06, 2026, Amphenol's stock closed at $131.87, with a one-month return of -8.55% and a significant 52-week gain of 113.42% [2] - The market capitalization of Amphenol Corporation is reported at $162.097 billion [2] - The Quality Growth Investment Team liquidated positions in Amphenol Corporation during the fourth quarter of 2025 [3]