Jensen Quality Growth Equity Strategy Reduces Stake in Broadridge Financial Solutions
In its second-quarter 2026 investor letter, Jensen Quality Growth Equity Strategy revealed it trimmed its position in Broadridge Financial Solutions (BR). The fund returned 10.94% net of fees during the quarter but underperformed compared to the S&P 500's 15.20%. BR shares fell by nearly 42% over the past year and declined further by almost 10% in July, driven partly by concerns about AI disintermediation and tokenization impacts on financial infrastructure. Jensen noted that while technological changes like tokenized securities may streamline settlement processes, many of Broadridge's core services are likely to remain relevant under current regulations. The fund has maintained a balanced portfolio across quality compounders, AI beneficiaries, and defensive businesses but reduced its exposure to BR in response to market uncertainties. The firm emphasized it will continue monitoring developments in financial technology and regulatory frameworks while managing risk at the portfolio level.
Tickers: $BR
Topics: Broadridge Financial Solutions (BR) fund performance Jensen Quality Growth Equity Strategy