Nuance Investments, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Nuance Investments, LLC reported 45 stock positions worth $907.6 million. Its top holding was Clorox (CLX) at 8.7% of the portfolio, followed by California Water Service Grp (CWT, 8.7%) and Marten Transport (MRTN, 7.9%). Compared with Q3 2025, it opened 4 new positions, sold out of 5, added to 18 and reduced 23. The biggest buy was Kenvue (KVUE, shares +294%) and the biggest sale an exit from Informatica Class A (INFA).
- Most Recent 13F
- Q2 2026
- Location
- Kansas City, MO
- CIK
- 0001473182
- Portfolio Value
- $907.6M (Q4 2025)
- SEC Filing
- 0001473182-26-000005 ↗ filed Feb 11, 2026
Holdings Value
Holdings 45 stocks · $907.6M
| CLX Clorox Company | 8.74% | 786,789 | $79.3M | Add +13.2% |
| CWT California Water Service Grp | 8.71% | 1,825,390 | $79.1M | Add +3.5% |
| MRTN Marten Transport Ltd. | 7.86% | 6,267,340 | $71.3M | Add +2.4% |
| WERN Werner Enterprises Inc. | 6.44% | 1,948,964 | $58.5M | Reduce -0.5% |
| AHL Aspen Insurance Holdings Class A | 6.30% | 1,541,315 | $57.2M | Add +28.6% |
| SOLV Solventum Corp. | 5.61% | 642,073 | $50.9M | Reduce -7.9% |
| KVUE Kenvue Inc. | 5.35% | 2,813,985 | $48.5M | Add +294.4% |
| HTO H2O America | 4.89% | 906,724 | $44.4M | Reduce -11.3% |
| QGEN Qiagen N.V. | 3.98% | 803,588 | $36.1M | Add +49.1% |
| GL Globe Life Inc. | 3.57% | 231,637 | $32.4M | Reduce -11.0% |
| ATR Aptargroup Inc. | 3.34% | 248,193 | $30.3M | Add +141.1% |
| HOLX Hologic Inc. | 2.96% | 360,824 | $26.9M | Reduce -0.2% |
| BDX Becton Dickinson and Co. | 2.68% | 125,213 | $24.3M | Reduce -24.8% |
| HSIC Henry Schein Inc. | 2.35% | 282,287 | $21.3M | Reduce -10.2% |
| LNN Lindsay Corp. | 2.32% | 178,571 | $21.0M | Add +293.5% |
| IEX Idex Corp. | 2.30% | 117,447 | $20.9M | Reduce -27.8% |
| EG Everest Group Ltd. | 2.09% | 55,966 | $19.0M | Add +67.1% |
| POR Portland General Electric Co. | 1.62% | 306,217 | $14.7M | Reduce -22.7% |
| AVA Avista Corp. | 1.35% | 319,020 | $12.3M | Add +10.7% |
| TMO Thermo Fisher Scientific Inc. | 1.34% | 21,010 | $12.2M | Reduce -60.4% |
| CVGW Calavo Growers Inc. | 1.31% | 546,933 | $11.9M | Add +136.1% |
| KMB Kimberly-Clark Corp. | 1.21% | 109,060 | $11.0M | Reduce -46.8% |
| KNX Knight-Swift Transportation | 1.06% | 184,670 | $9.7M | Reduce -21.3% |
| DGX Quest Diagnostics Inc. | 1.06% | 55,556 | $9.6M | Add +83.9% |
| ARE Alexandria Real Estate Equit | 1.03% | 191,480 | $9.4M | Add +426.8% |
| NKE Nike Inc. Class B | 1.00% | 143,086 | $9.1M | Add +83.3% |
| IWS iShares Russell Mid-Cap Valu | 0.94% | 60,199 | $8.5M | Add +49.4% |
| CNH CNH Industrial NV | 0.93% | 919,292 | $8.5M | Add +45.2% |
| RGA Reinsurance Group of America | 0.86% | 38,428 | $7.8M | Reduce -18.8% |
| TTC Toro Co. | 0.71% | 81,373 | $6.4M | Reduce -7.3% |
| NTRS Northern Trust Corp. | 0.70% | 46,300 | $6.3M | Reduce -67.0% |
| AVO Mission Produce Inc. | 0.63% | 491,807 | $5.7M | Add +10.7% |
| NOC Northrop Grumman Corp. | 0.56% | 8,973 | $5.1M | Reduce -4.6% |
| SEMR Semrush Holdings Inc. Class A | 0.55% | 419,560 | $5.0M | New |
| EXAS Exact Sciences Corp. | 0.55% | 49,015 | $5.0M | New |
| AWK American Water Works Co. Inc. | 0.54% | 37,630 | $4.9M | Reduce -62.4% |
| ED Consolidated Edison Inc. | 0.54% | 49,246 | $4.9M | Add +23.2% |
| WTRG Essential Utilities Inc. | 0.53% | 126,035 | $4.8M | New |
| MKC McCormick & Co.-Non VTG SHRS | 0.52% | 69,587 | $4.7M | Reduce -69.7% |
| GGG Graco Inc. | 0.28% | 31,213 | $2.6M | Reduce -52.7% |
| FDS Factset Research Systems Inc. | 0.27% | 8,596 | $2.5M | Reduce -9.9% |
| DOC Healthpeak Properties Inc. | 0.25% | 143,054 | $2.3M | Reduce -11.4% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.07% | 4,639 | $610K | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.04% | 3,260 | $341K | Reduce -97.7% |
| WAT Waters Corp. | 0.02% | 581 | $221K | Reduce -99.6% |
Portfolio Sells Q3 2025 → Q4 2025
| INFA Informatica Inc. Class A | Sold out | 0.00% | −6.23 |
| WAT Waters Corp. | Reduce -99.6% | 0.02% | −4.46 |
| KMB Kimberly-Clark Corp. | Reduce -46.8% | 1.21% | −1.38 |
| TMO Thermo Fisher Scientific Inc. | Reduce -60.4% | 1.34% | −1.28 |
| EL Estee Lauder Companies Class A | Reduce -97.7% | 0.04% | −1.25 |
| NTRS Northern Trust Corp. | Reduce -67.0% | 0.70% | −1.23 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -69.7% | 0.52% | −1.04 |
| ROG Rogers Corp. | Sold out | 0.00% | −1.00 |
| AWK American Water Works Co. Inc. | Reduce -62.4% | 0.54% | −0.88 |
| BDX Becton Dickinson and Co. | Reduce -24.8% | 2.68% | −0.50 |
| IEX Idex Corp. | Reduce -27.8% | 2.30% | −0.39 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.32 |
| NDSN Nordson Corp. | Sold out | 0.00% | −0.30 |
| GGG Graco Inc. | Reduce -52.7% | 0.28% | −0.29 |
| GL Globe Life Inc. | Reduce -11.0% | 3.57% | −0.22 |
| HTO H2O America | Reduce -11.3% | 4.89% | −0.17 |
| POR Portland General Electric Co. | Reduce -22.7% | 1.62% | −0.16 |
| THRM Gentherm Inc. | Sold out | 0.00% | −0.07 |
| RGA Reinsurance Group of America | Reduce -18.8% | 0.86% | −0.06 |
| DOC Healthpeak Properties Inc. | Reduce -11.4% | 0.25% | −0.06 |
| NOC Northrop Grumman Corp. | Reduce -4.6% | 0.56% | −0.02 |
| FDS Factset Research Systems Inc. | Reduce -9.9% | 0.27% | −0.00 |
| TTC Toro Co. | Reduce -7.3% | 0.71% | +0.02 |
| KNX Knight-Swift Transportation | Reduce -21.3% | 1.06% | +0.12 |
| HSIC Henry Schein Inc. | Reduce -10.2% | 2.35% | +0.23 |
| SOLV Solventum Corp. | Reduce -7.9% | 5.61% | +0.43 |
| HOLX Hologic Inc. | Reduce -0.2% | 2.96% | +0.48 |
| WERN Werner Enterprises Inc. | Reduce -0.5% | 6.44% | +1.20 |
Portfolio Buys Q3 2025 → Q4 2025
| KVUE Kenvue Inc. | Add +294.4% | 5.35% | +4.17 |
| ATR Aptargroup Inc. | Add +141.1% | 3.34% | +1.93 |
| AHL Aspen Insurance Holdings Class A | Add +28.6% | 6.30% | +1.82 |
| LNN Lindsay Corp. | Add +293.5% | 2.32% | +1.67 |
| QGEN Qiagen N.V. | Add +49.1% | 3.98% | +1.53 |
| MRTN Marten Transport Ltd. | Add +2.4% | 7.86% | +1.21 |
| EG Everest Group Ltd. | Add +67.1% | 2.09% | +0.90 |
| ARE Alexandria Real Estate Equit | Add +426.8% | 1.03% | +0.72 |
| CVGW Calavo Growers Inc. | Add +136.1% | 1.31% | +0.70 |
| SEMR Semrush Holdings Inc. Class A | New | 0.55% | +0.55 |
| EXAS Exact Sciences Corp. | New | 0.55% | +0.55 |
| WTRG Essential Utilities Inc. | New | 0.53% | +0.53 |
| DGX Quest Diagnostics Inc. | Add +83.9% | 1.06% | +0.48 |
| CWT California Water Service Grp | Add +3.5% | 8.71% | +0.47 |
| NKE Nike Inc. Class B | Add +83.3% | 1.00% | +0.45 |
| IWS iShares Russell Mid-Cap Valu | Add +49.4% | 0.94% | +0.36 |
| AVA Avista Corp. | Add +10.7% | 1.35% | +0.25 |
| CNH CNH Industrial NV | Add +45.2% | 0.93% | +0.23 |
| ED Consolidated Edison Inc. | Add +23.2% | 0.54% | +0.13 |
| AVO Mission Produce Inc. | Add +10.7% | 0.63% | +0.08 |
| IJJ iShares S&P Mid-Cap 400 Valu | New | 0.07% | +0.07 |
| CLX Clorox Company | Add +13.2% | 8.74% | +0.02 |
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 |