28 Sep 2023 Jensen Investment Management: Now May Be the Time To Look At Quality Mid-Cap Stocks ( Portfolio )

"In 2023, the fortunes of the S&P 500 have become heavily influenced by the performance of a relatively small number of large, predominantly technology-focused companies: Apple, Alphabet Inc., Microsoft, Meta, Amazon, Nvidia and Tesla. Together these seven companies (eight stocks, incorporating both Alphabet share classes) comprise more than 30% of the index weight as of July 31, 2023, despite representing roughly 1.5% of the total number of companies in the index."