# EDGAR Filing Document

**Accession Number:** 0001473182
**File Stem:** 0001085146-23-000766
**Filing Date:** 2023-2
**Character Count:** 10160
**Document Hash:** 7f3b698c009f163045de267ed1239cff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000766.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001085146-23-000766

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230207

**EFFECTIVENESS DATE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NUANCE INVESTMENTS, LLC
- **CENTRAL INDEX KEY:** 0001473182
- **IRS NUMBER:** 263649176
- **STATE OF INCORPORATION:** KS
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13833
- **FILM NUMBER:** 23596770

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 MAIN STREET
- **STREET 2:** SUITE 220
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64112
- **BUSINESS PHONE:** 913-647-9700

**MAIL ADDRESS:**
- **STREET 1:** 4900 MAIN STREET
- **STREET 2:** SUITE 220
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARINER VALUE STRATEGIES, LLC
- **DATE OF NAME CHANGE:** 20090925

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** NUANCE INVESTMENTS LLC<br>**Address:** 4900 Main Street<br>Suite 220<br>Kansas City, MO 64112

**Form 13F File Number:** 028-13833

**CRD Number (if applicable):** 000148534

**SEC File Number (if applicable):** 801-69682

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Rositsa Esenberg<br>**Title:** Compliance Officer<br>**Phone:** 816-743-7088

**Signature, Place, and Date of Signing:**

/s/ Rositsa Esenberg  Kansas City, MO  02-07-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 56

**Form 13F Information Table Value Total:** $4774875736

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 | BBG001S5T7X2 | 245641476 | 2048378 | SH |  | SOLE |  | 2048378 | 0 | 0 |
| AEROJET ROCKETDYNE HLDGS INC | COM | 007800105 | BBG001S5RRJ6 | 143358154 | 2563171 | SH |  | SOLE |  | 2563171 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 3293891 | 37333 | SH |  | SOLE |  | 37333 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 2728404 | 32481 | SH |  | SOLE |  | 32481 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 53352792 | 350038 | SH |  | SOLE |  | 350038 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 | BBG001S5NSK6 | 114954930 | 1509784 | SH |  | SOLE |  | 1509784 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 41808752 | 429336 | SH |  | SOLE |  | 429336 | 0 | 0 |
| APTARGROUP INC | COM | 038336103 | BBG001S78MT3 | 105764725 | 961672 | SH |  | SOLE |  | 961672 | 0 | 0 |
| AVISTA CORP | COM | 05379B107 | BBG001S5NZ48 | 68232254 | 1538842 | SH |  | SOLE |  | 1538842 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 | BBG001S5P1K3 | 252127335 | 4946583 | SH |  | SOLE |  | 4946583 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 601928 | 2367 | SH |  | SOLE |  | 2367 | 0 | 0 |
| BROWN FORMAN CORP | CL B | 115637209 | BBG001S5P4H1 | 12062920 | 183662 | SH |  | SOLE |  | 183662 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 | BBG001S80MM6 | 29186773 | 536029 | SH |  | SOLE |  | 536029 | 0 | 0 |
| CALAVO GROWERS INC | COM | 128246105 | BBG001S9FP96 | 37663576 | 1281074 | SH |  | SOLE |  | 1281074 | 0 | 0 |
| CALIFORNIA WTR SVC GROUP | COM | 130788102 | BBG001S7QBD4 | 51315647 | 846234 | SH |  | SOLE |  | 846234 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 88497881 | 401169 | SH |  | SOLE |  | 401169 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 | BBG001S5PX50 | 245630448 | 1750377 | SH |  | SOLE |  | 1750377 | 0 | 0 |
| DENTSPLY SIRONA INC | COM | 24906P109 | BBG001S5XLV8 | 402531448 | 12642319 | SH |  | SOLE |  | 12642319 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | BBG001S7V596 | 623665 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 | BBG00BN961H3 | 13789620 | 200927 | SH |  | SOLE |  | 200927 | 0 | 0 |
| ECOLAB INC | COM | 278865100 | BBG001S5QRB5 | 51564339 | 354248 | SH |  | SOLE |  | 354248 | 0 | 0 |
| EQUITY COMWLTH | COM SH BEN INT | 294628102 | BBG001S5S0L1 | 135314559 | 5419085 | SH |  | SOLE |  | 5419085 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 | BBG001S5VFD3 | 13427836 | 281329 | SH |  | SOLE |  | 281329 | 0 | 0 |
| EVEREST RE GROUP LTD | COM | G3223R108 | BBG001S7QT63 | 72775924 | 219688 | SH |  | SOLE |  | 219688 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 | BBG002V87T57 | 880471 | 11855 | SH |  | SOLE |  | 11855 | 0 | 0 |
| GRACO INC | COM | 384109104 | BBG001S5RK56 | 52250057 | 776837 | SH |  | SOLE |  | 776837 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 | BBG001S8PXF3 | 31150282 | 410791 | SH |  | SOLE |  | 410791 | 0 | 0 |
| HEALTHCARE RLTY TR | CL A COM | 42226K105 | BBG001T5WP21 | 206947183 | 10739345 | SH |  | SOLE |  | 10739345 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 | BBG001S5RTS2 | 52494976 | 2093936 | SH |  | SOLE |  | 2093936 | 0 | 0 |
| ICU MED INC | COM | 44930G107 | BBG001S712B3 | 147864586 | 938942 | SH |  | SOLE |  | 938942 | 0 | 0 |
| INDEPENDENT BK CORP MASS | COM | 453836108 | BBG001S5S8F1 | 38474413 | 455696 | SH |  | SOLE |  | 455696 | 0 | 0 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 | BBG001S561V2 | 13018807 | 124595 | SH |  | SOLE |  | 124595 | 0 | 0 |
| ISHARES TR | S MC 400VL ETF | 464287705 | BBG001SFQJM9 | 1207584 | 11980 | SH |  | SOLE |  | 11980 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 337725311 | 2487848 | SH |  | SOLE |  | 2487848 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807108 | BBG001S5SW40 | 14041803 | 33409 | SH |  | SOLE |  | 33409 | 0 | 0 |
| LINDSAY CORP | COM | 535555106 | BBG001SB90F6 | 13374708 | 82129 | SH |  | SOLE |  | 82129 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 4959780 | 63816 | SH |  | SOLE |  | 63816 | 0 | 0 |
| MERIT MED SYS INC | COM | 589889104 | BBG001S6KLT3 | 906902 | 12842 | SH |  | SOLE |  | 12842 | 0 | 0 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 291072 | 4022 | SH |  | SOLE |  | 4022 | 0 | 0 |
| MISSION PRODUCE INC | COM | 60510V108 | BBG005C9W688 | 34749749 | 2990512 | SH |  | SOLE |  | 2990512 | 0 | 0 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 | BBG001SNQZ91 | 148671307 | 13817036 | SH |  | SOLE |  | 13817036 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 | BBG001S5TRG7 | 269914246 | 3050223 | SH |  | SOLE |  | 3050223 | 0 | 0 |
| NUVASIVE INC | COM | 670704105 | BBG001SK3C57 | 11299636 | 273997 | SH |  | SOLE |  | 273997 | 0 | 0 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 | BBG001S5V4Y5 | 66009223 | 1347127 | SH |  | SOLE |  | 1347127 | 0 | 0 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 | BBG001S6P9Q8 | 105141688 | 739965 | SH |  | SOLE |  | 739965 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 957240 | 11497 | SH |  | SOLE |  | 11497 | 0 | 0 |
| SJW GROUP | COM | 784305104 | BBG001S5W3N8 | 139656778 | 1720123 | SH |  | SOLE |  | 1720123 | 0 | 0 |
| SMITH  NEPHEW PLC | SPDN ADR NEW | 83175M205 | BBG001SDCF10 | 320118074 | 11904726 | SH |  | SOLE |  | 11904726 | 0 | 0 |
| TOWNEBANK PORTSMOUTH VA | COM | 89214P109 | BBG001S5WTN1 | 39597542 | 1283967 | SH |  | SOLE |  | 1283967 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 243960125 | 1301190 | SH |  | SOLE |  | 1301190 | 0 | 0 |
| UMB FINL CORP | COM | 902788108 | BBG001S7Y2T8 | 14339134 | 171685 | SH |  | SOLE |  | 171685 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 | BBG001S5X1K4 | 714668 | 14194 | SH |  | SOLE |  | 14194 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 | BBG001S6S976 | 207121555 | 1470094 | SH |  | SOLE |  | 1470094 | 0 | 0 |
| VALLEY NATL BANCORP | COM | 919794107 | BBG001S7H654 | 27359055 | 2419015 | SH |  | SOLE |  | 2419015 | 0 | 0 |
| WERNER ENTERPRISES INC | COM | 950755108 | BBG001S5XDR1 | 25702306 | 638408 | SH |  | SOLE |  | 638408 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | BBG001S7DQJ9 | 17726198 | 139029 | SH |  | SOLE |  | 139029 | 0 | 0 |

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