1y return+30.5%S&P 500 +20.9%
3y return+32.0%S&P 500 +68.5%
5y return+30.9%S&P 500 +74.5%
10y return+125.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $225 against $357 in the S&P 500.2
Nuance Investments, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Qiagen NvCUSIP N72482156 | $62.4M | 10.6% | +20.9% |
| CWTCalifornia Wtr Svc Group | $53.3M | 9.1% | −31.7% |
| CLXClorox Co Del | $50.5M | 8.6% | +4.1% |
| Taylor Morrison Home CorpCUSIP 87724P106 | $37.9M | 6.4% | New |
| SOLVSolventum Corp | $28.1M | 4.8% | −45.7% |
| KVUEKenvue Inc | $27.7M | 4.7% | −12.5% |
| ATRAptargroup Inc | $22.9M | 3.9% | +17.9% |
| KMBKimberly-clark Corp | $22.8M | 3.9% | −32.5% |
| LNNLindsay Corp | $22.2M | 3.8% | +10.9% |
| TMOThermo Fisher Scientific Inc | $17.9M | 3.0% | +17.6% |
| Accenture PLC IrelandCUSIP G1151C101 | $16.9M | 2.9% | New |
| BDXBecton Dickinson & Co | $14.6M | 2.5% | −9.5% |
| PORPortland Gen Elec Co | $14.2M | 2.4% | +113.6% |
| HSICSchein Henry Inc | $14.0M | 2.4% | −13.3% |
| AVAAvista Corp | $11.8M | 2.0% | −20.4% |
| Everest Group LtdCUSIP G3223R108 | $10.1M | 1.7% | −47.0% |
| MRTNMarten Trans Ltd | $9.5M | 1.6% | −88.6% |
| HTOH2o America | $9.4M | 1.6% | −60.6% |
| WTRGEssential Utils Inc | $9.2M | 1.6% | +22.6% |
| NKENike Inc | $9.1M | 1.5% | +71.2% |
| WERNWerner Enterprises Inc | $8.3M | 1.4% | −87.5% |
| TECHBio-techne Corp | $7.5M | 1.3% | New |
| Alcon AgCUSIP H01301128 | $7.4M | 1.3% | New |
| AREAlexandria Real Estate Eq In | $6.7M | 1.1% | −10.0% |
| Cnh Indl N VCUSIP N20944109 | $6.4M | 1.1% | −12.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| RGAReinsurance Group Amer Inc | June 30, 2020 | +171.1% | $3.1M |
| IWSIshares Tr | June 30, 2020 | +115.1% | $3.8M |
| SOLVSolventum Corp | June 30, 2024 | +45.9% | $28.1M |
| KVUEKenvue Inc | September 30, 2025 | +17.7% | $27.7M |
| ATRAptargroup Inc | June 30, 2020 | +11.8% | $22.9M |
| MMM3m Co | March 31, 2026 | +11.5% | $3.3M |
| DGXQuest Diagnostics Inc | September 30, 2025 | +11.2% | $5.8M |
| WERNWerner Enterprises Inc | December 31, 2020 | +11.2% | $8.3M |
| HSICSchein Henry Inc | December 31, 2023 | +10.3% | $14.0M |
| GGGGraco Inc | March 31, 2022 | +8.5% | $5.9M |
Sold off last quarter
- Masimo CorpCUSIP 574795100 was $43.5M
- Calavo Growers IncCUSIP 128246105 was $14.7M
- Semrush Hldgs IncCUSIP 81686C104 was $4.0M
- AWRAmer States Wtr Co was $2.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.8% | +14.8% |
| March 31, 2026 | +1.8% | −4.6% |
| December 31, 2025 | +14.2% | +2.4% |
| September 30, 2025 | +1.3% | +7.8% |
| June 30, 2025 | +4.3% | +10.5% |
| March 31, 2025 | −5.6% | −4.6% |
| December 31, 2024 | −6.5% | +2.1% |
| September 30, 2024 | +14.3% | +5.4% |
| June 30, 2024 | −4.8% | +4.0% |
| March 31, 2024 | +1.3% | +10.0% |
| December 31, 2023 | +11.6% | +11.2% |
| September 30, 2023 | −10.8% | −3.6% |
| June 30, 2023 | +1.8% | +8.3% |
| March 31, 2023 | +0.5% | +7.0% |
| December 31, 2022 | +13.0% | +7.1% |
| September 30, 2022 | −9.8% | −5.3% |
| June 30, 2022 | −8.8% | −16.5% |
| March 31, 2022 | +0.8% | −4.9% |
| December 31, 2021 | +4.8% | +10.7% |
| September 30, 2021 | −1.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Nuance Investments, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1473182&type=13F-HR&dateb=&owner=include&count=40CIK 1473182
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1473182/000147318226000008/Filed August 7, 2026 · accession 0001473182-26-000008