NUANCE INVESTMENTS, LLC

CIK

1473182

Location

Kansas City, MO

Portfolio Value

Small $651,177,621

Diversification

Diversified

Filing Date

Global Rank

#2,143 / 8,638 ▼ 187 · as of Mar 2026

Top Industry

Household & Personal Products 17.4%

3Y Alpha vs SPY

-10.4%

Period ended 4 months ago

Filed May 8, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+35.4%

SPY

+77.0%

Annualised alpha

-10.3%

Max drawdown

−20.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

42 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

11.2%

+1.2 pts

Top 5

43.9%

+1.1 pts

Top 10

66.5%

−0.5 pts

HHI

568

Diversified+12

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	28.7%	$186,670,350	12
Industrials	22.8%	$148,634,444	7
Utilities	20.2%	$131,767,252	8
Consumer Defensive	18.1%	$117,627,354	6
Financial Services	7.6%	$49,377,240	5
Real Estate	1.6%	$10,287,043	2
Consumer Cyclical	1.0%	$6,813,938	1
Technology	0.0%	$0	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
QGEN	Qiagen N.V.	+516,662	1,320,250	$52,862,810
KMB	Kimberly Clark Corp	+198,855	307,915	$29,704,560
DOC	Healthpeak Properties, Inc.	+85,715	228,769	$3,758,674
WTRG	Essential Utilities, Inc.	+68,765	194,800	$7,844,596
AVA	Avista Corp	+44,197	363,217	$14,579,530
WAT	Waters Corp /De/	+39,919	40,500	$12,060,900
EL	Estee Lauder Companies Inc	+32,588	35,848	$2,572,810
SOLV	Solventum Corp	+29,080	671,153	$43,826,290
CVGW	Calavo Growers Inc	+22,694	569,627	$0
TMO	Thermo Fisher Scientific Inc.	+9,311	30,321	$14,903,681
No positions match the current search.

Trimmed

Positions the filer reduced

24 positions

Ticker	Company	Δ Shares	Shares	Value
MRTN	Marten Transport Ltd	−1,456,920	4,810,420	$63,160,814
KVUE	Kenvue Inc.	−1,158,461	1,655,524	$28,541,233
HTO	H2o America	−515,078	391,646	$22,977,870
WERN	Werner Enterprises Inc	−428,439	1,520,525	$44,718,640
CLX	Clorox Co /De/	−278,644	508,145	$52,659,066
CNH	CNH Industrial N.V.	−266,169	653,123	$7,184,353
CWT	California Water Service Group	−221,642	1,603,748	$72,713,934
AVO	Mission Produce, Inc.	−190,231	301,576	$4,149,685
POR	Portland General Electric Co /Or/	−177,769	128,448	$6,778,200
ATR	Aptargroup, Inc.	−92,770	155,423	$19,586,406
HSIC	Henry Schein Inc	−88,431	193,856	$14,287,187
SEMR	SEMrush Holdings, Inc.	−84,421	335,139	$0
GL	Globe Life Inc.	−74,718	156,919	$21,838,417
IEX	Idex Corp /De/	−72,627	44,820	$8,495,631
ARE	Alexandria Real Estate Equities, Inc.	−50,843	140,637	$6,528,369
DGX	Quest Diagnostics Inc	−31,016	24,540	$4,809,349
NTRS	Northern Trust Corp	−30,556	15,744	$2,197,390
AWK	American Water Works Company, Inc.	−23,374	14,256	$1,940,099
RGA	Reinsurance Group Of America Inc	−19,124	19,304	$3,941,104
BDX	Becton Dickinson & Co	−18,430	106,783	$16,789,491
LNN	Lindsay Corp	−16,849	161,722	$19,256,238
NKE	NIKE, Inc.	−14,083	129,003	$6,813,938
GGG	Graco Inc	−7,846	23,367	$1,978,016
EG	Everest Group, Ltd.	−2,398	53,568	$17,508,700
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
AIG	American International Group, Inc.	51,716	$3,891,629
MMM	3M Co	26,446	$3,840,752
A	Agilent Technologies, Inc.	32,921	$3,752,335
MSEX	Middlesex Water Co	57,187	$2,976,583
AWR	American States Water Co	25,872	$1,956,440
ABT	Abbott Laboratories	18,538	$1,903,296
DHR	Danaher Corp /De/	9,961	$1,888,605
MASI	Masimo Corp	244,704	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
KNX	Knight-Swift Transportation Holdings Inc.	184,670	$9,654,547
TTC	Toro Co	81,373	$6,405,682
NOC	Northrop Grumman Corp /De/	8,973	$5,116,494
ED	Consolidated Edison Inc	49,246	$4,891,112
MKC	Mccormick & Co Inc	69,587	$4,739,570
FDS	Factset Research Systems Inc	8,596	$2,494,473
HOLX	HOLOGIC INC	360,824	$0
EXAS	EXACT SCIENCES CORP	49,015	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

42 tracked positions · $651,177,621 total · filing declares 43 positions · $717,103,328 · as of Mar 31, 2026

All sectors Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CWT	California Water Service Group Utilities	Reduced	1,603,748	-221,642	$72,713,934	−8.1%	11.17%
MRTN	Marten Transport Ltd Industrials	Reduced	4,810,420	-1,456,920	$63,160,814	−11.4%	9.70%
QGEN	Qiagen N.V. Healthcare	Added	1,320,250	+516,662	$52,862,810	+46.3%	8.12%
CLX	Clorox Co /De/ Consumer Defensive	Reduced	508,145	-278,644	$52,659,066	−33.6%	8.09%
WERN	Werner Enterprises Inc Industrials	Reduced	1,520,525	-428,439	$44,718,640	−23.5%	6.87%
SOLV	Solventum Corp Healthcare	Added	671,153	+29,080	$43,826,290	−13.9%	6.73%
KMB	Kimberly Clark Corp Consumer Defensive	Added	307,915	+198,855	$29,704,560	+170.0%	4.56%
KVUE	Kenvue Inc. Consumer Defensive	Reduced	1,655,524	-1,158,461	$28,541,233	−41.2%	4.38%
HTO	H2o America Utilities	Reduced	391,646	-515,078	$22,977,870	−48.3%	3.53%
GL	Globe Life Inc. Financial Services	Reduced	156,919	-74,718	$21,838,417	−32.6%	3.35%
ATR	Aptargroup, Inc. Healthcare	Reduced	155,423	-92,770	$19,586,406	−35.3%	3.01%
LNN	Lindsay Corp Industrials	Reduced	161,722	-16,849	$19,256,238	−8.5%	2.96%
EG	Everest Group, Ltd. Financial Services	Reduced	53,568	-2,398	$17,508,700	−7.8%	2.69%
BDX	Becton Dickinson & Co Healthcare	Reduced	106,783	-18,430	$16,789,491	−30.9%	2.58%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	30,321	+9,311	$14,903,681	+22.4%	2.29%
AVA	Avista Corp Utilities	Added	363,217	+44,197	$14,579,530	+18.6%	2.24%
HSIC	Henry Schein Inc Healthcare	Reduced	193,856	-88,431	$14,287,187	−33.0%	2.19%
WAT	Waters Corp /De/ Healthcare	Added	40,500	+39,919	$12,060,900	+5365.3%	1.85%
IEX	Idex Corp /De/ Industrials	Reduced	44,820	-72,627	$8,495,631	−59.3%	1.30%
WTRG	Essential Utilities, Inc. Utilities	Added	194,800	+68,765	$7,844,596	+62.3%	1.20%
CNH	CNH Industrial N.V. Industrials	Reduced	653,123	-266,169	$7,184,353	−15.2%	1.10%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	129,003	-14,083	$6,813,938	−25.3%	1.05%
POR	Portland General Electric Co /Or/ Utilities	Reduced	128,448	-177,769	$6,778,200	−53.9%	1.04%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Reduced	140,637	-50,843	$6,528,369	−30.3%	1.00%
DGX	Quest Diagnostics Inc Healthcare	Reduced	24,540	-31,016	$4,809,349	−50.1%	0.74%
AVO	Mission Produce, Inc. Consumer Defensive	Reduced	301,576	-190,231	$4,149,685	−27.3%	0.64%
RGA	Reinsurance Group Of America Inc Financial Services	Reduced	19,304	-19,124	$3,941,104	−49.6%	0.61%
AIG	American International Group, Inc. Financial Services	NEW	51,716	NEW	$3,891,629	NEW	0.60%
MMM	3M Co Industrials	NEW	26,446	NEW	$3,840,752	NEW	0.59%
DOC	Healthpeak Properties, Inc. Real Estate	Added	228,769	+85,715	$3,758,674	+63.4%	0.58%
A	Agilent Technologies, Inc. Healthcare	NEW	32,921	NEW	$3,752,335	NEW	0.58%
MSEX	Middlesex Water Co Utilities	NEW	57,187	NEW	$2,976,583	NEW	0.46%
EL	Estee Lauder Companies Inc Consumer Defensive	Added	35,848	+32,588	$2,572,810	+653.6%	0.40%
NTRS	Northern Trust Corp Financial Services	Reduced	15,744	-30,556	$2,197,390	−65.3%	0.34%
GGG	Graco Inc Industrials	Reduced	23,367	-7,846	$1,978,016	−22.7%	0.30%
AWR	American States Water Co Utilities	NEW	25,872	NEW	$1,956,440	NEW	0.30%
AWK	American Water Works Company, Inc. Utilities	Reduced	14,256	-23,374	$1,940,099	−60.5%	0.30%
ABT	Abbott Laboratories Healthcare	NEW	18,538	NEW	$1,903,296	NEW	0.29%
DHR	Danaher Corp /De/ Healthcare	NEW	9,961	NEW	$1,888,605	NEW	0.29%
SEMR	SEMrush Holdings, Inc. Technology	Reduced	335,139	-84,421	$0	—	0.00%
CVGW	Calavo Growers Inc Consumer Defensive	Added	569,627	+22,694	$0	—	0.00%
MASI	Masimo Corp Healthcare	NEW	244,704	NEW	$0	NEW	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.