Nuance Investments, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 8, 2024), Nuance Investments, LLC reported 48 stock positions worth $3.3 billion. Its top holding was Dentsply Sirona (XRAY) at 8.3% of the portfolio, followed by 3M (MMM, 8.1%) and Clorox (CLX, 6.7%). Compared with Q1 2024, it opened 5 new positions, sold out of 7, added to 21 and reduced 22. The biggest buy was Clorox (CLX, shares +151%) and the biggest sale Kimberly-Clark (KMB, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- Kansas City, MO
- CIK
- 0001473182
- Portfolio Value
- $3.3B (Q2 2024)
- SEC Filing
- 0001085146-24-003578 ↗ filed Aug 8, 2024
Holdings Value
Holdings 48 stocks · $3.3B
| XRAY Dentsply Sirona Inc. | 8.28% | 10,879,916 | $271.0M | Add +3.8% |
| MMM 3M Co. | 8.10% | 2,594,900 | $265.1M | Reduce -29.0% |
| CLX Clorox Company | 6.66% | 1,597,674 | $218.0M | Add +150.6% |
| QGEN Qiagen NV | 6.62% | 5,271,494 | $216.6M | Add +17.3% |
| NTRS Northern Trust Corp. | 5.86% | 2,282,206 | $191.7M | Reduce -11.5% |
| CWT California Water Service Grp | 3.96% | 2,675,626 | $129.7M | Reduce -11.2% |
| KMB Kimberly-Clark Corp. | 3.82% | 905,221 | $125.1M | Reduce -53.7% |
| HSIC Henry Schein Inc. | 3.65% | 1,863,333 | $119.4M | Add +6.2% |
| NVST Envista Holdings Corp. | 3.58% | 7,038,313 | $117.0M | Add +47.2% |
| SOLV Solventum Corp. | 3.54% | 2,190,410 | $115.8M | Add +139.7% |
| WERN Werner Enterprises Inc. | 3.47% | 3,167,616 | $113.5M | Add +7.4% |
| IDA Idacorp Inc. | 3.17% | 1,114,475 | $103.8M | Add +19.0% |
| MWA Mueller Water Products Inc. Class A | 2.85% | 5,208,286 | $93.3M | Reduce -50.5% |
| RGA Reinsurance Group of America | 2.75% | 438,540 | $90.0M | Reduce -43.4% |
| HTO H2O America filed as SJW GROUP | 2.59% | 1,565,428 | $84.9M | Add +17.5% |
| AWK American Water Works Co. Inc. | 2.44% | 618,060 | $79.8M | Reduce -35.5% |
| MKC McCormick & Co.-Non VTG SHRS | 2.28% | 1,052,220 | $74.6M | Add +10.5% |
| ROG Rogers Corp. | 1.39% | 376,038 | $45.4M | New |
| NOC Northrop Grumman Corp. | 1.36% | 102,260 | $44.6M | Add +15.8% |
| ATR Aptargroup Inc. | 1.33% | 308,805 | $43.5M | Add +0.8% |
| MRTN Marten Transport Ltd. | 1.31% | 2,323,979 | $42.9M | Add +78.0% |
| POR Portland General Electric Co. | 1.25% | 942,294 | $40.7M | Reduce -10.7% |
| AVA Avista Corp. | 1.24% | 1,174,395 | $40.6M | Reduce -9.1% |
| ILMN Illumina Inc. | 1.23% | 384,421 | $40.1M | Reduce -0.1% |
| SRCL Stericycle Inc. | 1.14% | 641,033 | $37.3M | New |
| GL Globe Life Inc. | 1.12% | 445,632 | $36.7M | Add +38.9% |
| GGG Graco Inc. | 1.11% | 459,873 | $36.5M | Add +80.1% |
| LNN Lindsay Corp. | 1.01% | 270,041 | $33.2M | Reduce -10.8% |
| AVO Mission Produce Inc. | 0.91% | 3,016,853 | $29.8M | Reduce -24.1% |
| CVGW Calavo Growers Inc. | 0.91% | 1,308,149 | $29.7M | Reduce -6.0% |
| IEX Idex Corp. | 0.88% | 143,343 | $28.8M | Add +125.5% |
| EQC Equity Commonwealth | 0.84% | 1,420,055 | $27.5M | Reduce -53.7% |
| KNX Knight-Swift Transportation | 0.81% | 532,476 | $26.6M | New |
| LMT Lockheed Martin Corp. | 0.78% | 54,358 | $25.4M | Add +36.0% |
| WAT Waters Corp. | 0.76% | 85,915 | $24.9M | Add +11.1% |
| HR Healthcare Realty Trust Inc. | 0.73% | 1,448,367 | $23.9M | Reduce -73.8% |
| DOC Healthpeak Properties Inc. | 0.73% | 1,216,493 | $23.8M | Reduce -39.5% |
| HOLX Hologic Inc. | 0.71% | 312,867 | $23.2M | Reduce -53.0% |
| INDB Independent Bank Corp. | 0.70% | 452,409 | $22.9M | Reduce -53.0% |
| LUV Southwest Airlines Co. | 0.66% | 754,036 | $21.6M | New |
| KVUE Kenvue Inc. | 0.64% | 1,158,564 | $21.1M | Add +50.7% |
| CALM Cal-Maine Foods Inc. | 0.61% | 325,524 | $19.9M | Reduce -76.4% |
| TOWN Towne Bank | 0.60% | 723,630 | $19.7M | Reduce -55.1% |
| TEL Te Connectivity Ltd. | 0.60% | 130,456 | $19.6M | Add +19.8% |
| ALB Albemarle Corp. | 0.33% | 111,338 | $10.6M | Add +18.6% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.28% | 86,281 | $9.2M | New |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 12,850 | $7.1M | Reduce -30.3% |
| IWS iShares Russell Mid-Cap Valu | 0.18% | 49,118 | $5.9M | Reduce -16.8% |
Portfolio Sells Q1 2024 → Q2 2024
| KMB Kimberly-Clark Corp. | Reduce -53.7% | 3.82% | −2.81 |
| DGX Quest Diagnostics Inc. | Sold out | 0.00% | −2.38 |
| MMM 3M Co. | Reduce -29.0% | 8.10% | −2.07 |
| MWA Mueller Water Products Inc. Class A | Reduce -50.5% | 2.85% | −1.59 |
| CALM Cal-Maine Foods Inc. | Reduce -76.4% | 0.61% | −1.52 |
| HR Healthcare Realty Trust Inc. | Reduce -73.8% | 0.73% | −1.32 |
| RGA Reinsurance Group of America | Reduce -43.4% | 2.75% | −1.17 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.72 |
| EQC Equity Commonwealth | Reduce -53.7% | 0.84% | −0.68 |
| HOLX Hologic Inc. | Reduce -53.0% | 0.71% | −0.65 |
| AWK American Water Works Co. Inc. | Reduce -35.5% | 2.44% | −0.63 |
| INDB Independent Bank Corp. | Reduce -53.0% | 0.70% | −0.61 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.61 |
| TOWN Towne Bank | Reduce -55.1% | 0.60% | −0.58 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.40 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.33 |
| AVO Mission Produce Inc. | Reduce -24.1% | 0.91% | −0.33 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.31 |
| DOC Healthpeak Properties Inc. | Reduce -39.5% | 0.73% | −0.26 |
| ILMN Illumina Inc. | Reduce -0.1% | 1.23% | −0.16 |
| NTRS Northern Trust Corp. | Reduce -11.5% | 5.86% | −0.16 |
| CVGW Calavo Growers Inc. | Reduce -6.0% | 0.91% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Reduce -30.3% | 0.22% | −0.06 |
| UL Unilever PLC | Sold out | 0.00% | −0.01 |
| IWS iShares Russell Mid-Cap Valu | Reduce -16.8% | 0.18% | −0.01 |
| AVA Avista Corp. | Reduce -9.1% | 1.24% | +0.06 |
| LNN Lindsay Corp. | Reduce -10.8% | 1.01% | +0.08 |
| POR Portland General Electric Co. | Reduce -10.7% | 1.25% | +0.08 |
| CWT California Water Service Grp | Reduce -11.2% | 3.96% | +0.29 |
Portfolio Buys Q1 2024 → Q2 2024
| CLX Clorox Company | Add +150.6% | 6.66% | +4.10 |
| SOLV Solventum Corp. | Add +139.7% | 3.54% | +2.27 |
| QGEN Qiagen NV | Add +17.3% | 6.62% | +1.55 |
| ROG Rogers Corp. | New | 1.39% | +1.39 |
| SRCL Stericycle Inc. | New | 1.14% | +1.14 |
| NVST Envista Holdings Corp. | Add +47.2% | 3.58% | +0.90 |
| IDA Idacorp Inc. | Add +19.0% | 3.17% | +0.89 |
| KNX Knight-Swift Transportation | New | 0.81% | +0.81 |
| MRTN Marten Transport Ltd. | Add +78.0% | 1.31% | +0.68 |
| LUV Southwest Airlines Co. | New | 0.66% | +0.66 |
| HTO H2O America | Add +17.5% | 2.59% | +0.62 |
| GGG Graco Inc. | Add +80.1% | 1.11% | +0.49 |
| IEX Idex Corp. | Add +125.5% | 0.88% | +0.47 |
| WERN Werner Enterprises Inc. | Add +7.4% | 3.47% | +0.44 |
| MKC McCormick & Co.-Non VTG SHRS | Add +10.5% | 2.28% | +0.36 |
| LMT Lockheed Martin Corp. | Add +36.0% | 0.78% | +0.30 |
| EL Estee Lauder Companies Class A | New | 0.28% | +0.28 |
| NOC Northrop Grumman Corp. | Add +15.8% | 1.36% | +0.25 |
| KVUE Kenvue Inc. | Add +50.7% | 0.64% | +0.21 |
| TEL Te Connectivity Ltd. | Add +19.8% | 0.60% | +0.18 |
| HSIC Henry Schein Inc. | Add +6.2% | 3.65% | +0.17 |
| ATR Aptargroup Inc. | Add +0.8% | 1.33% | +0.17 |
| GL Globe Life Inc. | Add +38.9% | 1.12% | +0.14 |
| WAT Waters Corp. | Add +11.1% | 0.76% | +0.06 |
| ALB Albemarle Corp. | Add +18.6% | 0.33% | +0.00 |
| XRAY Dentsply Sirona Inc. | Add +3.8% | 8.28% | −0.84 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 52 | $587.7M | QGEN, CWT, CLX, TMHC, SOLV |
| Q1 2026 | 43 | $717.1M | CWT, MRTN, QGEN, CLX, WERN |
| Q4 2025 | 45 | $907.6M | CLX, CWT, MRTN, WERN, AHL |
| Q3 2025 | 46 | $982.1M | CLX, CWT, MRTN, INFA, WERN |
| Q2 2025 | 46 | $1.3B | CLX, HOLX, EL, CWT, MRTN |
| Q1 2025 | 48 | $1.5B | EL, XRAY, QGEN, CWT, WERN |
| Q4 2024 | 52 | $2.5B | XRAY, EL, QGEN, GL, HSIC |
| Q3 2024 | 47 | $3.0B | XRAY, QGEN, HSIC, NTRS, WERN |
| Q2 2024 | 48 | $3.3B | XRAY, MMM, CLX, QGEN, NTRS |
| Q1 2024 | 49 | $3.8B | MMM, XRAY, KMB, NTRS, QGEN |