Nuance Investments, LLC
Net seller this quarter
$588M
51
-$208M
58.8%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 QGEN | $62.4M | 10.62% | 0.74% | +20.9% | Q4 2023 |
 CWT | $53.3M | 9.07% | 1.77% | -31.7% | Q1 2017 |
 CLX | $50.5M | 8.59% | 0.44% | +4.1% | Q2 2017 |
| TMHC | $37.9M | 6.45% | 0.57% | New | Q2 2026 |
 SOLV | $28.1M | 4.79% | 0.21% | -45.7% | Q2 2024 |
 KVUE | $27.7M | 4.71% | 0.08% | -12.5% | Q1 2024 |
 ATR | $22.9M | 3.90% | 0.29% | +17.9% | Q3 2014 |
 KMB | $22.8M | 3.88% | 0.06% | -32.5% | Q1 2017 |
 LNN | $22.2M | 3.78% | 1.76% | +10.9% | Q3 2014 |
 TMO | $17.9M | 3.04% | 0.01% | +17.6% | Q4 2023 |
 ACN | $16.9M | 2.88% | 0.02% | Not reported | Q3 2013 |
 BDX | $14.6M | 2.49% | 0.04% | -9.5% | Q3 2013 |
 POR | $14.2M | 2.42% | 0.24% | +113.6% | Q3 2013 |
 HSIC | $14M | 2.39% | 0.15% | -13.3% | Q4 2023 |
 AVA | $11.8M | 2.01% | 0.35% | -20.4% | Q4 2020 |
 EG | $10.1M | 1.73% | 0.04% | -47.0% | Q4 2017 |
 MRTN | $9.49M | 1.61% | 0.67% | -88.6% | Q1 2024 |
 HTO | $9.39M | 1.60% | 0.37% | -60.6% | Q1 2018 |
 WTRG | $9.15M | 1.56% | 0.08% | +22.6% | Q1 2020 |
 NKE | $9.07M | 1.54% | 0.01% | +71.2% | Q3 2017 |
 WERN | $8.28M | 1.41% | 0.32% | -87.5% | Q4 2018 |
 TECH | $7.47M | 1.27% | 0.07% | New | Q2 2026 |
 ALC | $7.43M | 1.26% | 0.02% | New | Q2 2026 |
 ARE | $6.69M | 1.14% | 0.07% | -10.0% | Q2 2023 |
 CNH | $6.43M | 1.09% | 0.05% | -12.3% | Q4 2024 |
 AVO | $5.91M | 1.01% | 0.57% | +66.2% | Q4 2020 |
 GGG | $5.88M | 1.00% | 0.05% | +232.6% | Q3 2018 |
 DGX | $5.82M | 0.99% | 0.02% | +11.9% | Q4 2023 |
 MSEX | $4.82M | 0.82% | 0.46% | +50.1% | Q2 2017 |
 AWK | $4.73M | 0.81% | 0.02% | +152.3% | Q2 2017 |
 NOC | $4.64M | 0.79% | 0.01% | Not reported | Q4 2020 |
 CALM | $4.18M | 0.71% | 0.11% | Not reported | Q3 2018 |
 WAT | $4.04M | 0.69% | 0.01% | -73.4% | Q2 2014 |
 IWS | $3.76M | 0.64% | Not reported | -10.2% | Q3 2016 |
 MMM | $3.34M | 0.57% | 0.00% | -22.1% | Q2 2013 |
 DHR | $3.27M | 0.56% | 0.00% | +72.3% | Q1 2026 |
 ALG | $3.23M | 0.55% | 0.16% | New | Q2 2026 |
 DOC | $3.15M | 0.54% | 0.02% | -35.7% | Q2 2022 |
 RGA | $3.12M | 0.53% | 0.02% | -24.0% | Q3 2016 |
 RAMP | $3.03M | 0.52% | 0.13% | New | Q2 2026 |
 AIG | $2.98M | 0.51% | 0.01% | -22.6% | Q1 2026 |
 STE | $2.96M | 0.50% | 0.01% | Not reported | Q4 2016 |
 WDAY | $2.86M | 0.49% | 0.01% | New | Q2 2026 |
 GL | $1.92M | 0.33% | 0.01% | -93.1% | Q4 2023 |
 A | $1.76M | 0.30% | 0.00% | -59.8% | Q1 2024 |
 IEX | $1.69M | 0.29% | 0.01% | -83.4% | Q1 2024 |
 XYL | $1.6M | 0.27% | 0.01% | Not reported | Q2 2013 |
 EL | $1.6M | 0.27% | Not reported | -43.6% | Q2 2024 |
 ED | $1.55M | 0.26% | 0.00% | Not reported | Q1 2014 |
 ABT | $1.54M | 0.26% | 0.00% | -8.3% | Q1 2016 |
| Q1 2026 | |||||
| CWT | $72.7M | 10.14% | 2.68% | -12.1% | Q1 2017 |
| MRTN | $63.2M | 8.81% | 5.90% | -23.3% | Q1 2024 |
| QGEN | $52.9M | 7.37% | 0.61% | +64.3% | Q4 2023 |
| CLX | $52.7M | 7.34% | 0.42% | -35.4% | Q2 2017 |
| WERN | $44.7M | 6.24% | 2.54% | -22.0% | Q4 2018 |
| SOLV | $43.8M | 6.11% | 0.39% | +4.5% | Q2 2024 |
| MASI | $43.5M | 6.07% | 0.47% | New | Q1 2026 |
| KMB | $29.7M | 4.14% | 0.09% | +182.3% | Q1 2017 |
| KVUE | $28.5M | 3.98% | 0.09% | -41.2% | Q1 2024 |
| HTO | $23M | 3.20% | 0.94% | -56.8% | Q1 2018 |
| GL | $21.8M | 3.05% | 0.17% | -32.3% | Q4 2023 |
| ATR | $19.6M | 2.73% | 0.24% | -37.4% | Q3 2014 |
| LNN | $19.3M | 2.69% | 1.55% | -9.4% | Q3 2014 |
| EG | $17.5M | 2.44% | 0.07% | -4.3% | Q4 2017 |
| BDX | $16.8M | 2.34% | 0.04% | -14.7% | Q3 2013 |
| TMO | $14.9M | 2.08% | 0.01% | +44.3% | Q4 2023 |
| CVGW | $14.7M | 2.05% | 3.19% | +4.2% | Q4 2019 |
| AVA | $14.6M | 2.03% | 0.44% | +13.9% | Q4 2020 |
| HSIC | $14.3M | 1.99% | 0.17% | -31.3% | Q4 2023 |
| WAT | $12.1M | 1.68% | 0.04% | +6870.7% | Q2 2014 |
| IEX | $8.5M | 1.18% | 0.06% | -61.8% | Q1 2024 |
| WTRG | $7.84M | 1.09% | 0.07% | +54.6% | Q1 2020 |
| CNH | $7.18M | 1.00% | 0.05% | -29.0% | Q4 2024 |
| NKE | $6.81M | 0.95% | 0.01% | -9.8% | Q3 2017 |
| POR | $6.78M | 0.95% | 0.11% | -58.1% | Q3 2013 |
| ARE | $6.53M | 0.91% | 0.08% | -26.6% | Q2 2023 |
| DGX | $4.81M | 0.67% | 0.02% | -55.8% | Q4 2023 |
| AVO | $4.15M | 0.58% | 0.43% | -38.7% | Q4 2020 |
| SEMR | $4M | 0.56% | 1.43% | -20.1% | Q4 2025 |
| RGA | $3.94M | 0.55% | 0.03% | -49.8% | Q3 2016 |
| AIG | $3.89M | 0.54% | 0.01% | New | Q1 2026 |
| MMM | $3.84M | 0.54% | 0.01% | Not reported | Q2 2013 |
| DOC | $3.76M | 0.52% | 0.03% | +59.9% | Q2 2022 |
| A | $3.75M | 0.52% | 0.01% | Not reported | Q1 2024 |
| IWS | $3.71M | 0.52% | Not reported | -57.7% | Q3 2016 |
| MSEX | $2.98M | 0.42% | 0.31% | Not reported | Q2 2017 |
| EL | $2.57M | 0.36% | Not reported | +999.6% | Q2 2024 |
 NTRS | $2.2M | 0.31% | 0.01% | -66.0% | Q2 2013 |
| GGG | $1.98M | 0.28% | 0.01% | -25.1% | Q3 2018 |
 AWR | $1.96M | 0.27% | 0.07% | Not reported | Q3 2017 |
| AWK | $1.94M | 0.27% | 0.01% | -62.1% | Q2 2017 |
| ABT | $1.9M | 0.27% | 0.00% | Not reported | Q1 2016 |
| DHR | $1.89M | 0.26% | 0.00% | New | Q1 2026 |
| Q4 2025 | |||||
| CLX | $79.3M | 8.74% | 0.65% | +13.2% | Q2 2017 |
| CWT | $79.1M | 8.71% | 3.06% | +3.5% | Q1 2017 |
| MRTN | $71.3M | 7.86% | 7.69% | +2.4% | Q1 2024 |
| WERN | $58.5M | 6.44% | 3.26% | -0.5% | Q4 2018 |
| AHL | $57.2M | 6.30% | Not reported | +28.6% | Q3 2016 |
| SOLV | $50.9M | 5.61% | 0.37% | -7.9% | Q2 2024 |
| KVUE | $48.5M | 5.35% | 0.15% | +294.5% | Q1 2024 |
| HTO | $44.4M | 4.89% | 2.51% | -11.3% | Q1 2018 |
| QGEN | $36.1M | 3.98% | 0.37% | +49.1% | Q4 2023 |
| GL | $32.4M | 3.57% | 0.25% | -11.0% | Q4 2023 |
| ATR | $30.3M | 3.34% | 0.38% | +141.1% | Q3 2014 |
| HOLX | $26.9M | 2.96% | 0.16% | -0.2% | Q4 2023 |
| BDX | $24.3M | 2.68% | 0.04% | -24.8% | Q3 2013 |
| HSIC | $21.3M | 2.35% | 0.24% | -10.2% | Q4 2023 |
| LNN | $21M | 2.32% | 1.65% | +293.5% | Q3 2014 |
| IEX | $20.9M | 2.30% | 0.16% | -27.8% | Q1 2024 |
| EG | $19M | 2.09% | 0.08% | +67.1% | Q4 2017 |
| POR | $14.7M | 1.62% | 0.27% | -22.7% | Q3 2013 |
| AVA | $12.3M | 1.35% | 0.39% | +10.7% | Q4 2020 |
| TMO | $12.2M | 1.34% | 0.01% | -60.4% | Q4 2023 |
| CVGW | $11.9M | 1.31% | 3.06% | +136.1% | Q4 2019 |
| KMB | $11M | 1.21% | 0.03% | -46.8% | Q1 2017 |
 KNX | $9.65M | 1.06% | 0.11% | -21.3% | Q2 2024 |
| DGX | $9.64M | 1.06% | 0.05% | +83.9% | Q4 2023 |
| ARE | $9.37M | 1.03% | 0.11% | +426.8% | Q2 2023 |
| NKE | $9.12M | 1.00% | 0.01% | +83.3% | Q3 2017 |
| IWS | $8.49M | 0.94% | Not reported | +49.4% | Q3 2016 |
| CNH | $8.48M | 0.93% | 0.07% | +45.2% | Q4 2024 |
| RGA | $7.82M | 0.86% | 0.06% | -18.8% | Q3 2016 |
 TTC | $6.41M | 0.71% | 0.08% | -7.3% | Q3 2024 |
| NTRS | $6.32M | 0.70% | 0.02% | -67.1% | Q2 2013 |
| AVO | $5.7M | 0.63% | 0.70% | +10.7% | Q4 2020 |
| NOC | $5.12M | 0.56% | 0.01% | -4.6% | Q4 2020 |
| SEMR | $4.99M | 0.55% | 1.79% | New | Q4 2025 |
 EXK | $4.98M | 0.55% | 0.02% | New | Q4 2025 |
| AWK | $4.91M | 0.54% | 0.02% | -62.4% | Q2 2017 |
| ED | $4.89M | 0.54% | 0.01% | +23.2% | Q1 2014 |
| WTRG | $4.83M | 0.53% | 0.04% | Not reported | Q1 2020 |
 MKC | $4.74M | 0.52% | Not reported | -69.7% | Q1 2024 |
| GGG | $2.56M | 0.28% | 0.02% | -52.7% | Q3 2018 |
 FDS | $2.49M | 0.27% | 0.02% | -9.9% | Q3 2025 |
| DOC | $2.3M | 0.25% | 0.02% | -11.4% | Q2 2022 |
| EL | $341K | 0.04% | Not reported | -97.7% | Q2 2024 |
| WAT | $221K | 0.02% | 0.00% | -99.6% | Q2 2014 |
| Q3 2025 | |||||
| CLX | $85.7M | 8.72% | 0.57% | -18.1% | Q2 2017 |
| CWT | $81M | 8.24% | 2.96% | +2.1% | Q1 2017 |
| MRTN | $65.3M | 6.65% | 7.51% | +6.6% | Q1 2024 |
| INFA | $61.2M | 6.23% | 2.36% | +37.7% | Q2 2025 |
| WERN | $51.5M | 5.25% | 3.27% | -24.4% | Q4 2018 |
| SOLV | $50.9M | 5.18% | 0.40% | -21.1% | Q2 2024 |
| HTO | $49.8M | 5.07% | 2.85% | +5.9% | Q1 2018 |
| WAT | $44M | 4.48% | 0.25% | +598.4% | Q2 2014 |
| AHL | $44M | 4.48% | Not reported | Not reported | Q3 2016 |
| GL | $37.2M | 3.79% | 0.27% | -54.5% | Q4 2023 |
| BDX | $31.2M | 3.17% | 0.06% | -33.9% | Q3 2013 |
| IEX | $26.5M | 2.69% | 0.22% | +102.3% | Q1 2024 |
| TMO | $25.7M | 2.62% | 0.01% | -39.7% | Q4 2023 |
| KMB | $25.5M | 2.60% | 0.06% | +37.2% | Q1 2017 |
| HOLX | $24.4M | 2.48% | 0.16% | -73.8% | Q4 2023 |
| QGEN | $24.1M | 2.45% | 0.24% | -60.3% | Q4 2023 |
| HSIC | $20.9M | 2.12% | 0.27% | -61.1% | Q4 2023 |
| NTRS | $18.9M | 1.93% | 0.07% | -63.5% | Q2 2013 |
| POR | $17.4M | 1.77% | 0.36% | +212.2% | Q3 2013 |
| MKC | $15.4M | 1.57% | Not reported | Not reported | Q1 2024 |
| AWK | $13.9M | 1.42% | 0.05% | -23.4% | Q2 2017 |
| ATR | $13.8M | 1.40% | 0.16% | +41.3% | Q3 2014 |
| EL | $12.6M | 1.28% | Not reported | -87.0% | Q2 2024 |
| EG | $11.7M | 1.19% | 0.05% | +59.2% | Q4 2017 |
| KVUE | $11.6M | 1.18% | 0.04% | Not reported | Q1 2024 |
| AVA | $10.9M | 1.11% | 0.35% | +50.4% | Q4 2020 |
 ROG | $9.85M | 1.00% | 0.68% | -69.7% | Q2 2024 |
| KNX | $9.27M | 0.94% | 0.14% | -23.0% | Q2 2024 |
| RGA | $9.09M | 0.93% | 0.07% | +30.6% | Q3 2016 |
| CNH | $6.87M | 0.70% | 0.05% | +11.0% | Q4 2024 |
| TTC | $6.69M | 0.68% | 0.09% | -49.0% | Q3 2024 |
| LNN | $6.38M | 0.65% | 0.42% | -13.1% | Q3 2014 |
| CVGW | $5.96M | 0.61% | 1.30% | -64.6% | Q4 2019 |
| DGX | $5.76M | 0.59% | 0.03% | Not reported | Q4 2023 |
| NOC | $5.73M | 0.58% | 0.01% | -81.1% | Q4 2020 |
| IWS | $5.63M | 0.57% | Not reported | +167.9% | Q3 2016 |
| GGG | $5.61M | 0.57% | 0.04% | -24.7% | Q3 2018 |
| NKE | $5.44M | 0.55% | 0.00% | -55.1% | Q3 2017 |
| AVO | $5.34M | 0.54% | 0.63% | -54.3% | Q4 2020 |
| ED | $4.02M | 0.41% | 0.01% | Not reported | Q1 2014 |
 TRV | $3.11M | 0.32% | 0.01% | Not reported | Q2 2016 |
| DOC | $3.09M | 0.31% | 0.02% | -23.7% | Q2 2022 |
| ARE | $3.03M | 0.31% | 0.02% | -28.1% | Q2 2023 |
 NDSN | $2.94M | 0.30% | 0.02% | -63.6% | Q1 2025 |
| FDS | $2.73M | 0.28% | 0.03% | New | Q3 2025 |
 THRM | $721K | 0.07% | 0.07% | -88.3% | Q3 2024 |