Nuance Investments 13F annual report

Nuance Investments is an investment fund managing more than $4.37 trillion ran by Rositsa Esenberg. There are currently 47 companies in Esenberg’s portfolio. The largest investments include 3M Co and DENTSPLY Sirona Inc, together worth $837 billion.

Limited to 30 biggest holdings

$4.37 trillion Assets Under Management (AUM)

As of 31st January 2024, Nuance Investments’s top holding is 3,876,593 shares of 3M Co currently worth over $424 billion and making up 9.7% of the portfolio value. Relative to the number of outstanding shares of 3M Co, Nuance Investments owns more than approximately 0.1% of the company. In addition, the fund holds 11,603,889 shares of DENTSPLY Sirona Inc worth $413 billion, whose value fell 13.5% in the past six months. The third-largest holding is Kimberly-Clark worth $273 billion and the next is Northern Tr Corp worth $260 billion, with 3,082,081 shares owned.

Currently, Nuance Investments's portfolio is worth at least $4.37 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Nuance Investments

The Nuance Investments office and employees reside in Kansas City, Missouri. According to the last 13-F report filed with the SEC, Rositsa Esenberg serves as the Compliance Officer at Nuance Investments.

Recent trades

In the most recent 13F filing, Nuance Investments revealed that it had opened a new position in Waters and bought 419,363 shares worth $138 billion. This means they effectively own approximately 0.1% of the company. Waters makes up 13.6% of the fund's Health Care sector allocation and has decreased its share price by 3.9% in the past year.

The investment fund also strengthened its position in 3M Co by buying 2,100,888 additional shares. This makes their stake in 3M Co total 3,876,593 shares worth $424 billion. 3M Co dropped 19.8% in the past year.

On the other hand, there are companies that Nuance Investments is getting rid of from its portfolio. Nuance Investments closed its position in Smith Nephew Plc on 7th February 2024. It sold the previously owned 13,100,164 shares for $304 million. Rositsa Esenberg also disclosed a decreased stake in DENTSPLY Sirona Inc by approximately 0.1%. This leaves the value of the investment at $413 billion and 11,603,889 shares.

One of the largest hedge funds

The two most similar investment funds to Nuance Investments are United Services Automobile Association and Folketrygdfondet. They manage $4.37 trillion and $4.37 trillion respectively.

Rositsa Esenberg investment strategy

Nuance Investments’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Health Care — making up 23.2% of the total portfolio value. The fund focuses on investments in the United States as 59.6% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 40% of the total holdings value. On the other hand, small-cap stocks make up only 2.1% of the portfolio. The average market cap of the portfolio companies is close to $30.3 billion.

The complete list of Nuance Investments trades based on 13F SEC filings

These positions were updated on February 7th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
3M Co.	118.31% 3,876,593	$423,789,186,000	9.70%
DENTSPLY Sirona Inc	7.54% 11,603,889	$412,982,426,000	9.45%
Kimberly-Clark Corp.	11.68% 2,243,128	$272,562,450,000	6.24%
Northern Tr Corp	14.20% 3,082,081	$260,066,024,000	5.95%
Travelers Companies Inc.	25.71% 1,261,257	$240,256,766,000	5.50%
Mueller Wtr Prods Inc	15.16% 13,161,657	$189,527,855,000	4.34%
Healthcare Rlty Tr	18.40% 10,970,051	$189,013,984,000	4.33%
Reinsurance Grp Of America I	68.29% 1,114,060	$180,232,573,000	4.12%
Clorox Co.	25.48% 1,081,775	$154,250,290,000	3.53%
Waters Corp.	Opened 419,363	$138,066,775,000	3.16%
California Wtr Svc Group	87.04% 2,140,884	$111,047,632,000	2.54%
Henry Schein Inc.	Opened 1,366,347	$103,446,112,000	2.37%
Cal-Maine Foods, Inc.	250.02% 1,771,205	$101,649,458,000	2.33%
Illumina Inc	Opened 715,870	$99,677,756,000	2.28%
Equity Comwlth	46.76% 5,187,584	$99,601,603,000	2.28%
Werner Enterprises, Inc.	550.93% 2,268,348	$96,109,906,000	2.20%
Envista Holdings Corp	Opened 3,931,054	$94,581,158,000	2.16%
Independent Bk Corp Mass	587.75% 1,278,001	$84,105,227,000	1.92%
Quest Diagnostics, Inc.	Opened 602,484	$83,070,440,000	1.90%
American Wtr Wks Co Inc New	101.00% 562,625	$74,260,840,000	1.70%
SJW Group	63.61% 1,120,189	$73,204,340,000	1.68%
Townebank Portsmouth VA	145.92% 2,410,827	$71,746,217,000	1.64%
Healthpeak Properties Inc.	189.69% 3,548,550	$70,261,284,000	1.61%
Target Corp	Opened 467,114	$66,526,423,000	1.52%
Avista Corp.	3.67% 1,657,277	$59,231,076,000	1.36%
Portland Gen Elec Co	25.07% 1,309,300	$56,745,054,000	1.30%
Qiagen NV	Opened 1,093,234	$47,479,172,000	1.09%
Mission Produce, Inc.	84.87% 4,621,456	$46,630,494,000	1.07%
Calavo Growers, Inc	26.64% 1,512,262	$44,475,632,000	1.02%
Lindsay Corporation	133.76% 319,810	$41,306,627,000	0.95%
Universal Hlth Svcs Inc	85.32% 252,628	$38,510,585,000	0.88%
Diageo plc	4,766.81% 263,684	$38,408,216,000	0.88%
Hartford Finl Svcs Group Inc	1.52% 455,335	$36,599,824,000	0.84%
Aptargroup Inc.	56.96% 286,797	$35,453,861,000	0.81%
Globe Life Inc.	Opened 251,069	$30,560,070,000	0.70%
Graco Inc.	57.24% 290,692	$25,220,472,000	0.58%
DuPont de Nemours Inc	34.55% 322,178	$24,785,150,000	0.57%
Hologic, Inc.	Opened 341,928	$24,430,770,000	0.56%
Southwest Airls Co	Opened 845,019	$24,404,141,000	0.56%
Essential Utils Inc	101.77% 630,141	$23,535,781,000	0.54%
Chubb Limited	56.10% 102,703	$23,210,961,000	0.53%
Raymond James Finl Inc	Opened 117,158	$13,063,064,000	0.30%
Amphenol Corp.	90.52% 129,053	$12,793,051,000	0.29%
Albemarle Corp.	Opened 84,542	$12,214,696,000	0.28%
Thermo Fisher Scientific Inc.	Opened 18,589	$9,866,855,000	0.23%
Ishares Tr	20.57% 81,832	$9,521,934,000	0.22%
Schwab Charles Corp	155.96% 25,829	$1,777,008,000	0.04%
Smith Nephew Plc	Closed 13,100,164	$304,186,000
Baxter International Inc.	Closed 5,429,702	$292,444,000
Alleghany Corp Md	Closed 307,965	$258,497,000
Icu Med Inc	Closed 1,026,829	$154,640,000
Everest Re Group Ltd	Closed 328,182	$86,128,000
Aerojet Rocketdyne Holdings Inc	Closed 1,272,997	$50,907,000
Umb Finl Corp	Closed 486,137	$40,976,000
Valley Natl Bancorp	Closed 3,742,178	$40,416,000
Cousins Pptys Inc	Closed 1,038,323	$24,245,000
Nuvasive Inc	Closed 285,046	$12,488,000
Ecolab, Inc.	Closed 86,210	$12,450,000
Applied Matls Inc	Closed 147,857	$12,114,000
Zimmer Biomet Holdings Inc	Closed 42,516	$4,445,000
Alphabet Inc	Closed 26,945	$2,577,000
Amazon.com Inc.	Closed 19,575	$2,212,000
Unilever plc	Closed 27,768	$1,217,000
Merit Med Sys Inc	Closed 9,260	$523,000
Globus Med Inc	Closed 8,486	$506,000
Becton Dickinson Co	Closed 2,066	$460,000
MetLife, Inc.	Closed 4,071	$247,000
Medtronic Plc	Closed 2,899	$234,000
No transactions found
Showing first 500 out of 68 holdings