NUANCE INVESTMENTS, LLC

CIK

1473182

Location

Kansas City, MO

Portfolio Value

Small $713,395,360

Diversification

Diversified

Filing Date

Global Rank

#1,882 / 8,232 ▼ 6

Top Industry

Household & Personal Products 15.9%

3Y Alpha vs SPY

-11.8%

Period ended 2 months ago

Filed May 8, 2026 · 37d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+29.6%

SPY

+76.3%

Annualised alpha

-11.8%

Max drawdown

−21.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

10.2%

+0.3 pts

Top 5

40.1%

−2.3 pts

Top 10

63.7%

−1.5 pts

HHI

515

Diversified−21

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	32.3%	$230,195,850	12
Industrials	20.8%	$148,634,444	7
Consumer Defensive	18.5%	$132,318,034	6
Utilities	18.5%	$131,767,252	8
Financial Services	6.9%	$49,377,240	5
Real Estate	1.4%	$10,287,043	2
Consumer Cyclical	1.0%	$6,813,938	1
Technology	0.6%	$4,001,559	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
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	$14,690,680
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	$4,001,559
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

9 positions

Ticker	Company	Shares	Value
QGEN	Qiagen N.V.	1,320,250	$52,862,810
MASI	Masimo Corp	244,704	$43,525,500
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
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
HOLX	HOLOGIC INC	360,824	$26,877,779
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
EXAS	EXACT SCIENCES CORP	49,015	$4,977,963
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
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

42 positions · $713,395,360 total · 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%	10.19%
MRTN	Marten Transport Ltd Industrials	Reduced	4,810,420	-1,456,920	$63,160,814	−11.4%	8.85%
QGEN	Qiagen N.V. Healthcare	NEW	1,320,250	NEW	$52,862,810	NEW	7.41%
CLX	Clorox Co /De/ Consumer Defensive	Reduced	508,145	-278,644	$52,659,066	−33.6%	7.38%
WERN	Werner Enterprises Inc Industrials	Reduced	1,520,525	-428,439	$44,718,640	−23.5%	6.27%
SOLV	Solventum Corp Healthcare	Added	671,153	+29,080	$43,826,290	−13.9%	6.14%
MASI	Masimo Corp Healthcare	NEW	244,704	NEW	$43,525,500	NEW	6.10%
KMB	Kimberly Clark Corp Consumer Defensive	Added	307,915	+198,855	$29,704,560	+170.0%	4.16%
KVUE	Kenvue Inc. Consumer Defensive	Reduced	1,655,524	-1,158,461	$28,541,233	−41.2%	4.00%
HTO	H2o America Utilities	Reduced	391,646	-515,078	$22,977,870	−48.3%	3.22%
GL	Globe Life Inc. Financial Services	Reduced	156,919	-74,718	$21,838,417	−32.6%	3.06%
ATR	Aptargroup, Inc. Healthcare	Reduced	155,423	-92,770	$19,586,406	−35.3%	2.75%
LNN	Lindsay Corp Industrials	Reduced	161,722	-16,849	$19,256,238	−8.5%	2.70%
EG	Everest Group, Ltd. Financial Services	Reduced	53,568	-2,398	$17,508,700	−7.8%	2.45%
BDX	Becton Dickinson & Co Healthcare	Reduced	106,783	-18,430	$16,789,491	−12.1%	2.35%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	30,321	+9,311	$14,903,681	+22.4%	2.09%
CVGW	Calavo Growers Inc Consumer Defensive	Added	569,627	+22,694	$14,690,680	+23.5%	2.06%
AVA	Avista Corp Utilities	Added	363,217	+44,197	$14,579,530	+18.6%	2.04%
HSIC	Henry Schein Inc Healthcare	Reduced	193,856	-88,431	$14,287,187	−33.0%	2.00%
WAT	Waters Corp /De/ Healthcare	Added	40,500	+39,919	$12,060,900	+5365.3%	1.69%
IEX	Idex Corp /De/ Industrials	Reduced	44,820	-72,627	$8,495,631	−59.3%	1.19%
WTRG	Essential Utilities, Inc. Utilities	Added	194,800	+68,765	$7,844,596	+62.3%	1.10%
CNH	CNH Industrial N.V. Industrials	Reduced	653,123	-266,169	$7,184,353	−15.2%	1.01%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	129,003	-14,083	$6,813,938	−25.3%	0.96%
POR	Portland General Electric Co /Or/ Utilities	Reduced	128,448	-177,769	$6,778,200	−53.9%	0.95%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Reduced	140,637	-50,843	$6,528,369	−30.3%	0.92%
DGX	Quest Diagnostics Inc Healthcare	Reduced	24,540	-31,016	$4,809,349	−50.1%	0.67%
AVO	Mission Produce, Inc. Consumer Defensive	Reduced	301,576	-190,231	$4,149,685	−27.3%	0.58%
SEMR	SEMrush Holdings, Inc. Technology	Reduced	335,139	-84,421	$4,001,559	−19.8%	0.56%
RGA	Reinsurance Group Of America Inc Financial Services	Reduced	19,304	-19,124	$3,941,104	−49.6%	0.55%
AIG	American International Group, Inc. Financial Services	NEW	51,716	NEW	$3,891,629	NEW	0.55%
MMM	3M Co Industrials	NEW	26,446	NEW	$3,840,752	NEW	0.54%
DOC	Healthpeak Properties, Inc. Real Estate	Added	228,769	+85,715	$3,758,674	+63.4%	0.53%
A	Agilent Technologies, Inc. Healthcare	NEW	32,921	NEW	$3,752,335	NEW	0.53%
MSEX	Middlesex Water Co Utilities	NEW	57,187	NEW	$2,976,583	NEW	0.42%
EL	Estee Lauder Companies Inc Consumer Defensive	Added	35,848	+32,588	$2,572,810	+653.6%	0.36%
NTRS	Northern Trust Corp Financial Services	Reduced	15,744	-30,556	$2,197,390	−65.3%	0.31%
GGG	Graco Inc Industrials	Reduced	23,367	-7,846	$1,978,016	−22.7%	0.28%
AWR	American States Water Co Utilities	NEW	25,872	NEW	$1,956,440	NEW	0.27%
AWK	American Water Works Company, Inc. Utilities	Reduced	14,256	-23,374	$1,940,099	−60.5%	0.27%
ABT	Abbott Laboratories Healthcare	NEW	18,538	NEW	$1,903,296	NEW	0.27%
DHR	Danaher Corp /De/ Healthcare	NEW	9,961	NEW	$1,888,605	NEW	0.26%