<SEC-DOCUMENT>0001085146-25-002954.txt : 20250512
<SEC-HEADER>0001085146-25-002954.hdr.sgml : 20250512
<ACCEPTANCE-DATETIME>20250512162252
ACCESSION NUMBER:		0001085146-25-002954
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250512
DATE AS OF CHANGE:		20250512

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARTEN TRANSPORT LTD
		CENTRAL INDEX KEY:			0000799167
		STANDARD INDUSTRIAL CLASSIFICATION:	TRUCKING (NO LOCAL) [4213]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				391140809
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-38210
		FILM NUMBER:		25935190

	BUSINESS ADDRESS:	
		STREET 1:		129 MARTEN STREET
		CITY:			MONDOVI
		STATE:			WI
		ZIP:			54755
		BUSINESS PHONE:		715-926-4216

	MAIL ADDRESS:	
		STREET 1:		129 MARTEN STREET
		CITY:			MONDOVI
		STATE:			WI
		ZIP:			54755

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUANCE INVESTMENTS, LLC
		CENTRAL INDEX KEY:			0001473182
		ORGANIZATION NAME:           	
		EIN:				263649176
		STATE OF INCORPORATION:			KS
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001473182</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
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      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000799167</issuerCik>
        <issuerName>MARTEN TRANSPORT LTD</issuerName>
        <issuerCusip>573075108</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <ns1:street1>129 Marten Street</ns1:street1>
          <ns1:city>Mondovi</ns1:city>
          <ns1:stateOrCountry>WI</ns1:stateOrCountry>
          <ns1:zipCode>54755</ns1:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Nuance Investments LLC</reportingPersonName>
      <citizenshipOrOrganization>KS</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>5237442</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>5237442</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>5237442</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>6.43</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
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      <item1>
        <issuerName>MARTEN TRANSPORT LTD</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>129 Marten Street
Mondovi, WISCONSIN
54755</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Nuance Investments LLC</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>4900 Main Street
Suite 220
Kansas City, Missouri
64112</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Nuance Investments LLC - KANSAS</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>5,237,442</amountBeneficiallyOwned>
        <classPercent>6.43</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Nuance Investments LLC - 5,237,442</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Nuance Investments LLC - 0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Nuance Investments LLC - 5,237,442</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>Nuance Investments LLC - 0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Nuance Investments LLC</reportingPersonName>
      <signatureDetails>
        <signature>Rositsa Esenberg</signature>
        <title>Chief Compliance Officer</title>
        <date>05/12/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</SEC-DOCUMENT>
