# NUANCE INVESTMENTS, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1473182. Source: https://holderbook.com/funds/1473182-nuance-investments-llc/

- Reported value: $587.7M
- Positions: 52
- Weight of the ten largest: 58.8%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| QIAGEN NV | [QGEN](https://holderbook.com/stocks/QGEN/) | $62.4M | 1,595,726 | 10.6% | 2 |
| CALIFORNIA WTR SVC GROUP | [CWT](https://holderbook.com/stocks/CWT/) | $53.3M | 1,096,077 | 9.1% | 27 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $50.5M | 528,738 | 8.6% | 20 |
| TAYLOR MORRISON HOME CORP | [TMHC](https://holderbook.com/stocks/TMHC/) | $37.9M | 528,263 | 6.4% | 1 |
| SOLVENTUM CORP | [SOLV](https://holderbook.com/stocks/SOLV/) | $28.1M | 364,530 | 4.8% | 9 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $27.7M | 1,448,488 | 4.7% | 4 |
| APTARGROUP INC | [ATR](https://holderbook.com/stocks/ATR/) | $22.9M | 183,170 | 3.9% | 28 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $22.8M | 207,780 | 3.9% | 23 |
| LINDSAY CORP | [LNN](https://holderbook.com/stocks/LNN/) | $22.2M | 179,283 | 3.8% | 18 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $17.9M | 35,664 | 3.0% | 11 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $16.9M | 136,204 | 2.9% | 1 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $14.6M | 96,615 | 2.5% | 7 |
| PORTLAND GEN ELEC CO | [POR](https://holderbook.com/stocks/POR/) | $14.2M | 274,376 | 2.4% | 17 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $14.0M | 168,165 | 2.4% | 11 |
| AVISTA CORP | [AVA](https://holderbook.com/stocks/AVA/) | $11.8M | 289,030 | 2.0% | 5 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $10.1M | 28,398 | 1.7% | 7 |
| MARTEN TRANS LTD | [MRTN](https://holderbook.com/stocks/MRTN/) | $9.5M | 546,871 | 1.6% | 10 |
| H2O AMERICA | [HTO](https://holderbook.com/stocks/HTO/) | $9.4M | 154,446 | 1.6% | 31 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $9.2M | 238,896 | 1.6% | 3 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $9.1M | 220,836 | 1.5% | 7 |
| WERNER ENTERPRISES INC | [WERN](https://holderbook.com/stocks/WERN/) | $8.3M | 189,945 | 1.4% | 23 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $7.5M | 105,796 | 1.3% | 1 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $7.4M | 110,772 | 1.3% | 1 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $6.7M | 126,634 | 1.1% | 7 |
| CNH INDL N V | [CNH](https://holderbook.com/stocks/CNH/) | $6.4M | 572,723 | 1.1% | 7 |
| MISSION PRODUCE INC | [AVO](https://holderbook.com/stocks/AVO/) | $5.9M | 501,087 | 1.0% | 23 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $5.9M | 77,729 | 1.0% | 18 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $5.8M | 27,470 | 1.0% | 4 |
| MIDDLESEX WTR CO | [MSEX](https://holderbook.com/stocks/MSEX/) | $4.8M | 85,830 | 0.8% | 2 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $4.7M | 35,967 | 0.8% | 17 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $4.6M | 9,113 | 0.8% | 1 |
| CAL MAINE FOODS INC | [CALM](https://holderbook.com/stocks/CALM/) | $4.2M | 51,918 | 0.7% | 1 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $4.0M | 10,762 | 0.7% | 5 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $3.8M | 22,856 | 0.6% | 27 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $3.3M | 20,612 | 0.6% | 2 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $3.3M | 17,162 | 0.6% | 2 |
| ALAMO GROUP INC | [ALG](https://holderbook.com/stocks/ALG/) | $3.2M | 19,651 | 0.6% | 1 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $3.1M | 147,135 | 0.5% | 17 |
| REINSURANCE GROUP AMER INC | [RGA](https://holderbook.com/stocks/RGA/) | $3.1M | 14,675 | 0.5% | 31 |
| TOWNEBANK PORTSMOUTH VA | [TOWN](https://holderbook.com/stocks/TOWN/) | $3.1M | 85,643 | 0.5% | 1 |
| LIVERAMP HLDGS INC | [RAMP](https://holderbook.com/stocks/RAMP/) | $3.0M | 80,575 | 0.5% | 1 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $3.0M | 40,045 | 0.5% | 2 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $3.0M | 14,072 | 0.5% | 1 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $2.9M | 23,357 | 0.5% | 1 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $1.9M | 10,760 | 0.3% | 11 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $1.8M | 13,235 | 0.3% | 2 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $1.7M | 7,459 | 0.3% | 10 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $1.6M | 13,576 | 0.3% | 1 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $1.6M | 20,227 | 0.3% | 9 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $1.6M | 14,030 | 0.3% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.5M | 17,002 | 0.3% | 2 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $253.3K | 1,457 | 0.0% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.5% | +14.8% | -3.3% | 91% |
| Q1 2026 | +1.8% | -4.6% | +6.4% | 94% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 94% |
| Q3 2025 | +1.3% | +7.8% | -6.5% | 100% |
| Q2 2025 | +4.5% | +10.5% | -6.0% | 98% |
| Q1 2025 | -5.6% | -4.6% | -1.0% | 100% |
| Q4 2024 | -7.3% | +2.1% | -9.4% | 99% |
| Q3 2024 | +14.3% | +5.4% | +8.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $587.7M | 52 |
| Q1 2026 | $717.1M | 43 |
| Q4 2025 | $907.6M | 45 |
| Q3 2025 | $982.1M | 46 |
| Q2 2025 | $1.3B | 46 |
| Q1 2025 | $1.5B | 49 |
| Q4 2024 | $2.5B | 53 |
| Q3 2024 | $3.0B | 48 |
| Q2 2024 | $3.3B | 48 |
| Q1 2024 | $3.8B | 49 |
| Q4 2023 | $4.4B | 47 |
| Q3 2023 | $4.1B | 48 |