NUANCE INVESTMENTS, LLC
SEC Form 13F institutional filer · CIK 0001473182
13F-HR · 23 reported holdings · 2026-03-31
Reported long-US-equity value
$0.31B
Top-10 concentration
82.5%
NUANCE INVESTMENTS, LLC — $306M AUM allocation strategy
NUANCE INVESTMENTS, LLC files SEC Form 13F and reports $306M of long US equity value across 23 reported holdings for 2026-03-31.
Its largest sector bet is Consumer Staples 36.3%, followed by Health Care 36.1% and Financials 14.8%.
The top 10 holdings account for 82% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
NUANCE INVESTMENTS, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$306M
total across 23 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
82% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$KMB +199K sh · +$18.7M+$DOC +85.7K sh · +$1.46M+$WAT +39.9K sh · +$11.8M
Biggest trims (shares)
−$KVUE −1.16M sh · −$20M−$CLX −279K sh · −$26.7M−$HSIC −88.4K sh · −$7.05M
Exited to nil (held last quarter, gone now)
$NOC ($5.12M last qtr)$ED ($4.89M last qtr)$MKC ($4.74M last qtr)$FDS ($2.49M last qtr)$SPGI ($610K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Household Products27.0%—
- Health Care Technology14.3%—
- Life Sciences Tools & Services10.0%—
- Personal Care Products9.3%—
- Life & Health Insurance7.2%—
- Reinsurance5.7%—
- Health Care Equipment5.5%—
- Health Care Distributors4.7%—
- Other holdings16.3%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $CLX | Clorox Company | 508K | $52.7M | -279K | 17.2% |
| $SOLV | Solventum Corporation | 671K | $43.8M | +29.1K | 14.3% |
| $KMB | Kimberly-Clark Corporation | 308K | $29.7M | +199K | 9.7% |
| $KVUE | Kenvue Inc | 1.66M | $28.5M | -1.16M | 9.3% |
| $GL | Globe Life Inc | 157K | $21.8M | -74.7K | 7.1% |
| $EG | Everest Group Ltd | 53.6K | $17.5M | -2.4K | 5.7% |
| $BDX | Becton Dickinson and Company | 107K | $16.8M | -18.4K | 5.5% |
| $TMO | Thermo Fisher Scientific Inc | 30.3K | $14.9M | +9.31K | 4.9% |
| $HSIC | Henry Schein Inc | 194K | $14.3M | -88.4K | 4.7% |
| $WAT | Waters Corporation | 40.5K | $12.1M | +39.9K | 3.9% |
…and 13 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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