Nuance Investments Discloses 4.62M Share Stake in Mission Produce
Ticker: AVO · Form: SC 13G · Filed: Feb 5, 2024 · CIK: 1802974
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, stake-disclosure, SC-13G
TL;DR
**Nuance Investments just revealed a big 4.62M share stake in Mission Produce, signaling institutional confidence.**
AI Summary
NUANCE INVESTMENTS, LLC, an investment firm based in Kansas City, MO, reported beneficial ownership of 4,621,456 shares of Mission Produce, Inc. (NASDAQ: AVO) as of December 31, 2023. This represents a significant stake, giving Nuance sole voting and dispositive power over these shares. This matters to investors because a large institutional holding like this can signal confidence in the company's future prospects and potentially influence its stock price.
Why It Matters
A substantial institutional investment like this can indicate a vote of confidence in Mission Produce's management and future, potentially attracting other investors and stabilizing the stock.
Risk Assessment
Risk Level: low — This filing indicates an institutional investor has taken a significant position, which is generally seen as a positive or neutral event, not increasing risk.
Analyst Insight
A smart investor would note this significant institutional stake as a potential positive signal, suggesting Nuance Investments sees value in Mission Produce, and might consider further research into Mission Produce's fundamentals.
Key Numbers
- 4,621,456 — Shares Beneficially Owned (Represents the total number of Mission Produce shares Nuance Investments, LLC has sole voting and dispositive power over.)
Key Players & Entities
- NUANCE INVESTMENTS, LLC (company) — the reporting person, an investment firm
- Mission Produce, Inc. (company) — the subject company whose shares are being reported
- 4,621,456 (dollar_amount) — number of shares beneficially owned
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Mission Produce's stock price may see increased stability due to this significant institutional holding. (Mission Produce, Inc.) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13G statement?
NUANCE INVESTMENTS, LLC, an investment firm located at 4900 MAIN STREET, SUITE 220, KANSAS CITY, MO 64112, filed this SC 13G statement.
What company's shares are the subject of this filing?
The subject company is Mission Produce, Inc., with a Central Index Key (CIK) of 0001802974, based in OXNARD, CA.
How many shares of Mission Produce, Inc. does NUANCE INVESTMENTS, LLC beneficially own?
NUANCE INVESTMENTS, LLC beneficially owns 4,621,456 shares of Mission Produce, Inc.
What type of power does NUANCE INVESTMENTS, LLC have over these shares?
NUANCE INVESTMENTS, LLC has sole voting power and sole dispositive power over all 4,621,456 shares.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Stats: 926 words · 4 min read · ~3 pages · Grade level 8.3 · Accepted 2024-02-05 11:26:18
Filing Documents
- avo_20524.htm (SC 13G) — 25KB
- 0001085146-24-000702.txt ( ) — 27KB
(a)
ITEM 1(a). NAME OF ISSUER: Mission Produce, Inc.
(b)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 2710 CAMINO DEL SOL OXNARD, CA, 93030
(a)
ITEM 2(a). NAME OF PERSON FILING: NUANCE INVESTMENTS, LLC
(b)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 4900 MAIN STREET, SUITE 220 KANSAS CITY, MO 64112
(c)
ITEM 2(c). CITIZENSHIP: 4900 MAIN STREET, SUITE 220 KANSAS CITY, MO 64112
(d)
ITEM 2(d). TITLE OF CLASS OF SECURITIES: COMMON
(e)
ITEM 2(e). CUSIP NUMBER: 60510V108 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 4,621,456 (b) Percent of class: 6.53% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: NUANCE INVESTMENTS, LLC : 4,621,456 (ii) shared power to vote or to direct the vote: NUANCE INVESTMENTS, LLC : (iii) sole power to dispose or direct the disposition of: NUANCE INVESTMENTS, LLC : 4,621,456 (iv) shared power to dispose or to direct the disposition of: NUANCE INVESTMENTS, LLC : ITEM 5. If this statement is being filed to report the fact that as of the date hereof the report