Nuance Investments
Scott MooreKansas City, MOfiles as NUANCE INVESTMENTS, LLC
$588m in 52 US stocks at the end of 30 June 2026. The top 10 are 58.8% of the money. It changed about 31.2% of the portfolio this quarter.
Value
$588m
Stocks
52
Top 10 share
58.8%
Turnover
31.2%
What changed this quarter
New
Bought for the first time this quarter.
- Taylor Morrison Home6.4% of the fund
- AccentureACN2.9% of the fund
- Bio-TechneTECH1.3% of the fund
- AlconALC1.3% of the fund
- Northrop GrummanNOC0.8% of the fund
- Cal-Maine FoodsCALM0.7% of the fund
- Alamo GroupALG0.6% of the fund
- Townebank Portsmouth VATOWN0.5% of the fund
- LiveRamp HoldingsRAMP0.5% of the fund
- SterisSTE0.5% of the fund
- WorkdayWDAY0.5% of the fund
- XylemXYL0.3% of the fund
- Consolidated EdisonED0.3% of the fund
Added
Bought more of a stock they already held.
- QiagenQGEN10.6% of the fund+21%
- CloroxCLX8.6% of the fund+4%
- AptargroupATR3.9% of the fund+18%
- LindsayLNN3.8% of the fund+11%
- Thermo Fisher ScientificTMO3.0% of the fund+18%
- Portland General ElectricPOR2.4% of the fund+114%
- Essential UtilitiesWTRG1.6% of the fund+23%
- NikeNKE1.5% of the fund+71%
- Mission ProduceAVO1.0% of the fund+66%
- GracoGGG1.0% of the fund+233%
- Quest DiagnosticsDGX1.0% of the fund+12%
- Middlesex WaterMSEX0.8% of the fund+50%
- American Water Works CompanyAWK0.8% of the fund+152%
- DanaherDHR0.6% of the fund+72%
Cut
Sold some of their stake.
- California Water Service GroupCWT9.1% of the fund-32%
- SolventumSOLV4.8% of the fund-46%
- KenvueKVUE4.7% of the fund-13%
- Kimberly-ClarkKMB3.9% of the fund-33%
- Becton DickinsonBDX2.5% of the fund-10%
- Henry ScheinHSIC2.4% of the fund-13%
- AvistaAVA2.0% of the fund-20%
- Everest GroupEG1.7% of the fund-47%
- Marten TransportMRTN1.6% of the fund-89%
- H2O AmericaHTO1.6% of the fund-61%
- Werner EnterprisesWERN1.4% of the fund-88%
- Alexandria Real Estate EquitiesARE1.1% of the fund-10%
- CNH IndustrialCNH1.1% of the fund-12%
- WatersWAT0.7% of the fund-73%
- Ishares TRIWS0.6% of the fund-10%
- 3MMMM0.6% of the fund-22%
- Healthpeak PropertiesDOC0.5% of the fund-36%
- Reinsurance Group of AmericaRGA0.5% of the fund-24%
- American International GroupAIG0.5% of the fund-23%
- Globe LifeGL0.3% of the fund-93%
- Agilent TechnologiesA0.3% of the fund-60%
- IdexIEX0.3% of the fund-83%
- Estee Lauder CompaniesEL0.3% of the fund-44%
- Abbott LaboratoriesABT0.3% of the fund-8%
- Northern TrustNTRS<0.1% of the fund-91%
Sold out
Sold their entire stake.
- Masimo-100%
- Calavo Growers-100%
- Semrush Hldgs-100%
- American States WaterAWR-100%
Holdings
- Taylor Morrison Home
- Share
- 6.4%
- Value
- $38m
- Shares
- 528,263
New
- Ishares TRIWS
- Share
- 0.6%
- Value
- $4m
- Shares
- 22,856
-10%
- Townebank Portsmouth VATOWN
- Share
- 0.5%
- Value
- $3m
- Shares
- 85,643
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| QiagenQGEN | 10.6% | $62m | 1,595,726 | +21% |
| California Water Service GroupCWT | 9.1% | $53m | 1,096,077 | -32% |
| CloroxCLX | 8.6% | $50m | 528,738 | +4% |
| Taylor Morrison Home | 6.4% | $38m | 528,263 | New |
| SolventumSOLV | 4.8% | $28m | 364,530 | -46% |
| KenvueKVUE | 4.7% | $28m | 1,448,488 | -13% |
| AptargroupATR | 3.9% | $23m | 183,170 | +18% |
| Kimberly-ClarkKMB | 3.9% | $23m | 207,780 | -33% |
| LindsayLNN | 3.8% | $22m | 179,283 | +11% |
| Thermo Fisher ScientificTMO | 3.0% | $18m | 35,664 | +18% |
| AccentureACN | 2.9% | $17m | 136,204 | New |
| Becton DickinsonBDX | 2.5% | $15m | 96,615 | -10% |
| Portland General ElectricPOR | 2.4% | $14m | 274,376 | +114% |
| Henry ScheinHSIC | 2.4% | $14m | 168,165 | -13% |
| AvistaAVA | 2.0% | $12m | 289,030 | -20% |
| Everest GroupEG | 1.7% | $10m | 28,398 | -47% |
| Marten TransportMRTN | 1.6% | $9m | 546,871 | -89% |
| H2O AmericaHTO | 1.6% | $9m | 154,446 | -61% |
| Essential UtilitiesWTRG | 1.6% | $9m | 238,896 | +23% |
| NikeNKE | 1.5% | $9m | 220,836 | +71% |
| Werner EnterprisesWERN | 1.4% | $8m | 189,945 | -88% |
| Bio-TechneTECH | 1.3% | $7m | 105,796 | New |
| AlconALC | 1.3% | $7m | 110,772 | New |
| Alexandria Real Estate EquitiesARE | 1.1% | $7m | 126,634 | -10% |
| CNH IndustrialCNH | 1.1% | $6m | 572,723 | -12% |
| Mission ProduceAVO | 1.0% | $6m | 501,087 | +66% |
| GracoGGG | 1.0% | $6m | 77,729 | +233% |
| Quest DiagnosticsDGX | 1.0% | $6m | 27,470 | +12% |
| Middlesex WaterMSEX | 0.8% | $5m | 85,830 | +50% |
| American Water Works CompanyAWK | 0.8% | $5m | 35,967 | +152% |
| Northrop GrummanNOC | 0.8% | $5m | 9,113 | New |
| Cal-Maine FoodsCALM | 0.7% | $4m | 51,918 | New |
| WatersWAT | 0.7% | $4m | 10,762 | -73% |
| Ishares TRIWS | 0.6% | $4m | 22,856 | -10% |
| 3MMMM | 0.6% | $3m | 20,612 | -22% |
| DanaherDHR | 0.6% | $3m | 17,162 | +72% |
| Alamo GroupALG | 0.6% | $3m | 19,651 | New |
| Healthpeak PropertiesDOC | 0.5% | $3m | 147,135 | -36% |
| Reinsurance Group of AmericaRGA | 0.5% | $3m | 14,675 | -24% |
| Townebank Portsmouth VATOWN | 0.5% | $3m | 85,643 | New |
| LiveRamp HoldingsRAMP | 0.5% | $3m | 80,575 | New |
| American International GroupAIG | 0.5% | $3m | 40,045 | -23% |
| SterisSTE | 0.5% | $3m | 14,072 | New |
| WorkdayWDAY | 0.5% | $3m | 23,357 | New |
| Globe LifeGL | 0.3% | $2m | 10,760 | -93% |
| Agilent TechnologiesA | 0.3% | $2m | 13,235 | -60% |
| IdexIEX | 0.3% | $2m | 7,459 | -83% |
| XylemXYL | 0.3% | $2m | 13,576 | New |
| Estee Lauder CompaniesEL | 0.3% | $2m | 20,227 | -44% |
| Consolidated EdisonED | 0.3% | $2m | 14,030 | New |
| Abbott LaboratoriesABT | 0.3% | $2m | 17,002 | -8% |
| Northern TrustNTRS | <0.1% | $253,325 | 1,457 | -91% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 54.2% since 30 June 2025.
Where the money is
Health care29.2%
Everyday goods19.2%
Utilities18.5%
Industrials11.4%
Materials3.9%
Technology3.9%
Financial services3.1%
Real estate1.7%
Retail & consumer1.5%
Other7.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.