Nuance Investments, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Nuance Investments, LLC reported 43 stock positions worth $717.1 million. Its top holding was California Water Service Grp (CWT) at 10.1% of the portfolio, followed by Marten Transport (MRTN, 8.8%) and Qiagen (QGEN, 7.4%). Compared with Q4 2025, it opened 8 new positions, sold out of 10, added to 10 and reduced 25. The biggest buy was a new position in Masimo (MASI) and the biggest sale an exit from Aspen Insurance Class A (AHL).
- Most Recent 13F
- Q2 2026
- Location
- Kansas City, MO
- CIK
- 0001473182
- Portfolio Value
- $717.1M (Q1 2026)
- SEC Filing
- 0001473182-26-000006 ↗ filed May 8, 2026
Holdings Value
Holdings 43 stocks · $717.1M
| CWT California Water Service Grp | 10.14% | 1,603,748 | $72.7M | Reduce -12.1% |
| MRTN Marten Transport Ltd. | 8.81% | 4,810,420 | $63.2M | Reduce -23.3% |
| QGEN Qiagen N.V. | 7.37% | 1,320,250 | $52.9M | Add +72.9% |
| CLX Clorox Company | 7.34% | 508,145 | $52.7M | Reduce -35.4% |
| WERN Werner Enterprises Inc. | 6.24% | 1,520,525 | $44.7M | Reduce -22.0% |
| SOLV Solventum Corp. | 6.11% | 671,153 | $43.8M | Add +4.5% |
| MASI Masimo Corp. | 6.07% | 244,704 | $43.5M | New |
| KMB Kimberly-Clark Corp. | 4.14% | 307,915 | $29.7M | Add +182.3% |
| KVUE Kenvue Inc. | 3.98% | 1,655,524 | $28.5M | Reduce -41.2% |
| HTO H2O America | 3.20% | 391,646 | $23.0M | Reduce -56.8% |
| GL Globe Life Inc. | 3.05% | 156,919 | $21.8M | Reduce -32.3% |
| ATR Aptargroup Inc. | 2.73% | 155,423 | $19.6M | Reduce -37.4% |
| LNN Lindsay Corp. | 2.69% | 161,722 | $19.3M | Reduce -9.4% |
| EG Everest Group Ltd. | 2.44% | 53,568 | $17.5M | Reduce -4.3% |
| BDX Becton Dickinson and Co. | 2.34% | 106,783 | $16.8M | Reduce -14.7% |
| TMO Thermo Fisher Scientific Inc. | 2.08% | 30,321 | $14.9M | Add +44.3% |
| CVGW Calavo Growers Inc. | 2.05% | 569,627 | $14.7M | Add +4.2% |
| AVA Avista Corp. | 2.03% | 363,217 | $14.6M | Add +13.8% |
| HSIC Henry Schein Inc. filed as SCHEIN HENRY INC | 1.99% | 193,856 | $14.3M | Reduce -31.3% |
| WAT Waters Corp. | 1.68% | 40,500 | $12.1M | Add +6870.7% |
| IEX Idex Corp. | 1.18% | 44,820 | $8.5M | Reduce -61.8% |
| WTRG Essential Utilities Inc. | 1.09% | 194,800 | $7.8M | Add +54.6% |
| CNH CNH Industrial NV | 1.00% | 653,123 | $7.2M | Reduce -28.9% |
| NKE Nike Inc. Class B | 0.95% | 129,003 | $6.8M | Reduce -9.8% |
| POR Portland General Electric Co. | 0.95% | 128,448 | $6.8M | Reduce -58.0% |
| ARE Alexandria Real Estate Equit | 0.91% | 140,637 | $6.5M | Reduce -26.6% |
| DGX Quest Diagnostics Inc. | 0.67% | 24,540 | $4.8M | Reduce -55.8% |
| AVO Mission Produce Inc. | 0.58% | 301,576 | $4.1M | Reduce -38.7% |
| SEMR Semrush Holdings Inc. Class A | 0.56% | 335,139 | $4.0M | Reduce -20.1% |
| RGA Reinsurance Group of America | 0.55% | 19,304 | $3.9M | Reduce -49.8% |
| AIG American International Group | 0.54% | 51,716 | $3.9M | New |
| MMM 3M Co. | 0.54% | 26,446 | $3.8M | New |
| DOC Healthpeak Properties Inc. | 0.52% | 228,769 | $3.8M | Add +59.9% |
| A Agilent Technologies Inc. | 0.52% | 32,921 | $3.8M | New |
| IWS iShares Russell Mid-Cap Valu | 0.52% | 25,440 | $3.7M | Reduce -57.7% |
| MSEX Middlesex Water Co. | 0.42% | 57,187 | $3.0M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.36% | 35,848 | $2.6M | Add +999.6% |
| NTRS Northern Trust Corp. | 0.31% | 15,744 | $2.2M | Reduce -66.0% |
| GGG Graco Inc. | 0.28% | 23,367 | $2.0M | Reduce -25.1% |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.27% | 25,872 | $2.0M | New |
| AWK American Water Works Co. Inc. | 0.27% | 14,256 | $1.9M | Reduce -62.1% |
| ABT Abbott Laboratories | 0.27% | 18,538 | $1.9M | New |
| DHR Danaher Corp. | 0.26% | 9,961 | $1.9M | New |
Portfolio Sells Q4 2025 → Q1 2026
| AHL Aspen Insurance Holdings Class A | Sold out | 0.00% | −6.30 |
| HOLX Hologic Inc. | Sold out | 0.00% | −2.96 |
| HTO H2O America | Reduce -56.8% | 3.20% | −1.69 |
| CLX Clorox Company | Reduce -35.4% | 7.34% | −1.40 |
| KVUE Kenvue Inc. | Reduce -41.2% | 3.98% | −1.37 |
| IEX Idex Corp. | Reduce -61.8% | 1.18% | −1.12 |
| KNX Knight-Swift Transportation | Sold out | 0.00% | −1.06 |
| TTC Toro Co. | Sold out | 0.00% | −0.71 |
| POR Portland General Electric Co. | Reduce -58.0% | 0.95% | −0.67 |
| ATR Aptargroup Inc. | Reduce -37.4% | 2.73% | −0.60 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.56 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.55 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.54 |
| GL Globe Life Inc. | Reduce -32.3% | 3.05% | −0.52 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.52 |
| IWS iShares Russell Mid-Cap Valu | Reduce -57.7% | 0.52% | −0.42 |
| DGX Quest Diagnostics Inc. | Reduce -55.8% | 0.67% | −0.39 |
| NTRS Northern Trust Corp. | Reduce -66.0% | 0.31% | −0.39 |
| HSIC Henry Schein Inc. | Reduce -31.3% | 1.99% | −0.36 |
| BDX Becton Dickinson and Co. | Reduce -14.7% | 2.34% | −0.34 |
| RGA Reinsurance Group of America | Reduce -49.8% | 0.55% | −0.31 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.27 |
| AWK American Water Works Co. Inc. | Reduce -62.1% | 0.27% | −0.27 |
| WERN Werner Enterprises Inc. | Reduce -22.0% | 6.24% | −0.21 |
| ARE Alexandria Real Estate Equit | Reduce -26.6% | 0.91% | −0.12 |
| IJJ iShares S&P Mid-Cap 400 Valu | Sold out | 0.00% | −0.07 |
| NKE Nike Inc. Class B | Reduce -9.8% | 0.95% | −0.05 |
| AVO Mission Produce Inc. | Reduce -38.7% | 0.58% | −0.05 |
| GGG Graco Inc. | Reduce -25.1% | 0.28% | −0.01 |
| SEMR Semrush Holdings Inc. Class A | Reduce -20.1% | 0.56% | +0.01 |
| CNH CNH Industrial NV | Reduce -28.9% | 1.00% | +0.07 |
| EG Everest Group Ltd. | Reduce -4.3% | 2.44% | +0.35 |
| LNN Lindsay Corp. | Reduce -9.4% | 2.69% | +0.37 |
| MRTN Marten Transport Ltd. | Reduce -23.3% | 8.81% | +0.95 |
| CWT California Water Service Grp | Reduce -12.1% | 10.14% | +1.43 |
Portfolio Buys Q4 2025 → Q1 2026
| MASI Masimo Corp. | New | 6.07% | +6.07 |
| QGEN Qiagen N.V. | Add +72.9% | 7.37% | +3.39 |
| KMB Kimberly-Clark Corp. | Add +182.3% | 4.14% | +2.93 |
| WAT Waters Corp. | Add +6870.7% | 1.68% | +1.66 |
| CVGW Calavo Growers Inc. | Add +4.2% | 2.05% | +0.74 |
| TMO Thermo Fisher Scientific Inc. | Add +44.3% | 2.08% | +0.74 |
| AVA Avista Corp. | Add +13.8% | 2.03% | +0.68 |
| WTRG Essential Utilities Inc. | Add +54.6% | 1.09% | +0.56 |
| AIG American International Group | New | 0.54% | +0.54 |
| MMM 3M Co. | New | 0.54% | +0.54 |
| A Agilent Technologies Inc. | New | 0.52% | +0.52 |
| SOLV Solventum Corp. | Add +4.5% | 6.11% | +0.51 |
| MSEX Middlesex Water Co. | New | 0.42% | +0.42 |
| EL Estee Lauder Companies Class A | Add +999.6% | 0.36% | +0.32 |
| AWR American States Water Co. | New | 0.27% | +0.27 |
| DOC Healthpeak Properties Inc. | Add +59.9% | 0.52% | +0.27 |
| ABT Abbott Laboratories | New | 0.27% | +0.27 |
| DHR Danaher Corp. | New | 0.26% | +0.26 |
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 |