Eric H. Schoenstein's Portfolio: Heavyweights in Tech & Healthcare

Eric H. Schoenstein, managing investments at Jensen Investment Management, maintains a portfolio heavily concentrated in large-cap technology and healthcare stocks as of December 31, 2025.

Top Holdings Analysis

The portfolio's largest individual positions by value are dominated by technology giants:

• Microsoft Corp (MSFT): Holds approximately 1.33 million shares, representing about 10.1% of the portfolio.
• Apple Inc. (AAPL): Holds around 1.98 million shares, accounting for roughly 8.46% of the portfolio.
• NVIDIA Corp (NVDA): Holds about 2.25 million shares, making up approximately 6.61% of the portfolio.
• Alphabet Inc (GOOGL): Holds roughly 1.53 million shares, representing about 7.55% of the portfolio.

Significant allocations also exist in healthcare and consumer cyclical sectors:

• Mastercard Inc (MA): Allocated at about 4.34%.
• Eli Lilly & Co. (LLY): Allocated at about 4.22%.
• Amazon.com Inc. (AMZN): Allocated at about 4.12%.
• Stryker Corp (SYK): Allocated at about 4.05%.

Portfolio Concentration & Sectors

The portfolio exhibits a strong concentration in the Technology sector, with Microsoft, Apple, NVIDIA, and Alphabet all falling within this category. Collectively, these four companies account for nearly 30% of the portfolio's value. The portfolio also shows significant exposure to the Healthcare sector, with Mastercard, Eli Lilly, and Stryker combined representing over 12.6% of the holdings. Financial Services (via Mastercard) and Consumer Cyclical (via Amazon) also feature prominently.

Recent Changes in Holdings

The portfolio has seen mixed changes in its top holdings over the reporting period:

• Microsoft saw a reduction in shares (-12.68%).
• Apple also experienced a decrease (-14.11%).
• Alphabet followed suit with a decline (-14.46%).
• NVIDIA saw an increase in shares (+4.33%), indicating a strategic tilt towards the AI chipmaker.
• Amazon saw a massive increase (+100%) in shares during this period.

Other significant movers included Eli Lilly (-46.13%) and Stryker (-40.04%), suggesting a shift away from these positions.

Investment Strategy Focus

The portfolio's structure points towards a strategy focused on large-cap technology and healthcare companies. The significant allocation to Microsoft, Apple, Alphabet, and NVIDIA suggests a strong belief in the long-term growth potential of the technology sector, particularly in areas like cloud computing and AI. The substantial position in Amazon further reinforces this tech focus. The allocation to healthcare companies like Eli Lilly, Stryker, and Abbott indicates a diversification into sectors perceived as having strong secular tailwinds and innovation potential. The overall strategy appears tilted towards established large-cap names with significant market capitalization and growth profiles.