NUANCE INVESTMENTS, LLC

Portfolio Overview

NUANCE INVESTMENTS, LLC disclosed 43 positions worth $717.1M in its Form 13F-HR for Q1 2026, led by $CWT (CALIFORNIA WATER SERVICE GROUP) at 10.1% of the equity portfolio, followed by $MRTN and $QGEN. During the quarter the fund opened 8 new positions and exited 9 — including a new stake in $MASI and a full exit from $AHL-PD. The portfolio is most concentrated in Healthcare (25.4% of disclosed assets). All figures are sourced directly from NUANCE INVESTMENTS, LLC’s Form 13F-HR filing with the SEC under CIK 1473182.

• 

  CALIFORNIA WATER SERVICE GROUP

  $CWT

  64.4#636

  Quality

  $72.7M1,603,748 sh
• 

  MARTEN TRANSPORT LTD

  $MRTN

  —

  Quality

  $63.2M4,810,420 sh
• 

  QIAGEN N.V.

  $QGEN

  —

  Quality

  $52.9M1,320,250 sh
• 

  CLOROX CO /DE/

  $CLX

  63.5

  Quality

  $52.7M508,145 sh
• 

  WERNER ENTERPRISES INC

  $WERN

  39.2

  Quality

  $44.7M1,520,525 sh
• 

  Solventum Corp

  $SOLV

  55.7

  Quality

  $43.8M671,153 sh
• 

  MASIMO CORP

  $MASI

  47.1

  Quality

  $43.5M244,704 sh
• 

  KIMBERLY CLARK CORP

  $KMB

  61.7

  Quality

  $29.7M307,915 sh
• 

  Kenvue Inc.

  $KVUE

  60.2

  Quality

  $28.5M1,655,524 sh
• 

  H2O AMERICA

  $HTO

  65.9

  Quality

  $23.0M391,646 sh

Company	Quality	Value	Shares
CALIFORNIA WATER SERVICE GROUP$CWT	64.4#636	$72.7M	1,603,748
MARTEN TRANSPORT LTD$MRTN	—	$63.2M	4,810,420
QIAGEN N.V.$QGEN	—	$52.9M	1,320,250
CLOROX CO /DE/$CLX	63.5	$52.7M	508,145
WERNER ENTERPRISES INC$WERN	39.2	$44.7M	1,520,525
Solventum Corp$SOLV	55.7	$43.8M	671,153
MASIMO CORP$MASI	47.1	$43.5M	244,704
KIMBERLY CLARK CORP$KMB	61.7	$29.7M	307,915
Kenvue Inc.$KVUE	60.2	$28.5M	1,655,524
H2O AMERICA$HTO	65.9	$23.0M	391,646

Showing top 10 of 43 holdings.

Full Holdings — NUANCE INVESTMENTS, LLC (Q1 2026)

All 43 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$CWT	CALIFORNIA WATER SERVICE GROUP	$72.7M	10.1%	-12%	64.4
2	$MRTN	MARTEN TRANSPORT LTD	$63.2M	8.8%	-23%	—
3	$QGEN	QIAGEN N.V.	$52.9M	7.4%	+64%	—
4	$CLX	CLOROX CO /DE/	$52.7M	7.3%	-35%	63.5
5	$WERN	WERNER ENTERPRISES INC	$44.7M	6.2%	-22%	39.2
6	$SOLV	Solventum Corp	$43.8M	6.1%	+5%	55.7
7	$MASI	MASIMO CORP	$43.5M	6.1%	NEW	47.1
8	$KMB	KIMBERLY CLARK CORP	$29.7M	4.1%	+182%	61.7
9	$KVUE	Kenvue Inc.	$28.5M	4.0%	-41%	60.2
10	$HTO	H2O AMERICA	$23.0M	3.2%	-57%	65.9
11	$GL	GLOBE LIFE INC.	$21.8M	3.0%	-32%	66.6
12	$ATR	APTARGROUP, INC.	$19.6M	2.7%	-37%	64
13	$LNN	LINDSAY CORP	$19.3M	2.7%	-9%	41.2
14	$EG	EVEREST GROUP, LTD.	$17.5M	2.4%	-4%	—
15	$BDX	BECTON DICKINSON & CO	$16.8M	2.3%	-15%	50.7
16	$TMO	THERMO FISHER SCIENTIFIC INC.	$14.9M	2.1%	+44%	63.7
17	$CVGW	CALAVO GROWERS INC	$14.7M	2.0%	+4%	54.6
18	$AVA	AVISTA CORP	$14.6M	2.0%	+14%	57.9
19	$HSIC	HENRY SCHEIN INC	$14.3M	2.0%	-31%	52
20	$WAT	WATERS CORP /DE/	$12.1M	1.7%	+6871%	69.9
21	$IEX	IDEX CORP /DE/	$8.5M	1.2%	-62%	60.6
22	$WTRG	Essential Utilities, Inc.	$7.8M	1.1%	+55%	70.9
23	$CNH	CNH Industrial N.V.	$7.2M	1.0%	-29%	—
24	$NKE	NIKE, Inc.	$6.8M	0.9%	-10%	53.4
25	$POR	PORTLAND GENERAL ELECTRIC CO /OR/	$6.8M	0.9%	-58%	59.2
26	$ARE	ALEXANDRIA REAL ESTATE EQUITIES, INC.	$6.5M	0.9%	-27%	45.1
27	$DGX	QUEST DIAGNOSTICS INC	$4.8M	0.7%	-56%	69.1
28	$AVO	Mission Produce, Inc.	$4.1M	0.6%	-39%	50.5
29	$SEMR	SEMrush Holdings, Inc.	$4.0M	0.6%	-20%	48.7
30	$RGA	REINSURANCE GROUP OF AMERICA INC	$3.9M	0.6%	-50%	53.3
31	$AIG	AMERICAN INTERNATIONAL GROUP, INC.	$3.9M	0.5%	NEW	59.5
32	$MMM	3M CO	$3.8M	0.5%	NEW	60.7
33	$DOC	HEALTHPEAK PROPERTIES, INC.	$3.8M	0.5%	+60%	62
34	$A	AGILENT TECHNOLOGIES, INC.	$3.8M	0.5%	NEW	64.6
35	—	ISHARES TR	$3.7M	0.5%	-58%	—
36	$MSEX	MIDDLESEX WATER CO	$3.0M	0.4%	NEW	52.5
37	$EL	ESTEE LAUDER COMPANIES INC	$2.6M	0.4%	+1000%	52.5
38	$NTRS	NORTHERN TRUST CORP	$2.2M	0.3%	-66%	71.8
39	$GGG	GRACO INC	$2.0M	0.3%	-25%	67.2
40	$AWR	AMERICAN STATES WATER CO	$2.0M	0.3%	NEW	60.3
41	$AWK	American Water Works Company, Inc.	$1.9M	0.3%	-62%	61.7
42	$ABT	ABBOTT LABORATORIES	$1.9M	0.3%	NEW	67
43	$DHR	DANAHER CORP /DE/	$1.9M	0.3%	NEW	63.9