Nuance Investments, LLC
Nuance Investments, LLC is an SEC-registered investment adviser founded in 2008 and headquartered in Kansas City, Missouri. The firm is 100% employee-owned and specializes in value investing, focusing on classic value investment management for institutional and individual clients. Their team is relatively small, allowing for specialization and focus in the U.S. equity space. The firm serves institutional investors, high net worth individuals, and intermediaries.
Investment Strategy
Nuance Investments, LLC pursues a classic value investing strategy, emphasizing deep fundamental research to identify high quality businesses trading below their intrinsic value. The firm seeks to generate superior risk-adjusted returns by focusing on downside risk management and investing in companies that exhibit high returns on capital, stable business models, and strong competitive positions. Their portfolios are concentrated and constructed based on extensive bottom-up analysis.
Top Holdings
Equity Positions (43)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CLX | CLOROX CO DEL | 7.93% | $101.8M | 848,106 | $126.16 | $120.07 | +$57.6M |
H HOLX | HOLOGIC INC | 7.00% | $89.8M | 1,378,859 | $63.80 | $65.16 | +$23.1M |
E EL | LAUDER ESTEE COS INC | 6.93% | $88.9M | 1,100,746 | $83.60 | $80.80 | -$72.6M |
C CWT | CALIFORNIA WTR SVC GROUP | 6.12% | $78.6M | 1,728,615 | $49.37 | $45.48 | -$19.2M |
M MRTN | MARTEN TRANS LTD | 5.81% | $74.6M | 5,745,928 | $15.87 | $12.99 | +$2.8M |