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Thornburg Investment Management Portfolio holdings

AUM $9.63B
1-Year Est. Return 35.65%
This Fund
S&P 500
This Quarter Est. Return
1 Year Est. Return
+35.65%
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$9.63B
AUM Growth
+$1.71B
Cap. Flow
Cap. Flow %
Top 10 Hldgs %
Holding
197
New
Increased
Reduced
Closed

Top Buys

Rank Stock Value
1
+$891M
2
+$502M
3
+$53.4M
4
TRP icon
TC Energy
TRP
+$41M
5
BKNG icon
Booking.com
BKNG
+$32.4M

Top Sells

Rank Stock Value
1
+$27.4M
2
+$23.6M
3
+$14.2M
4
TTAN
ServiceTitan Inc
TTAN
+$13.2M
5
CVSA
Covista Inc
CVSA
+$12.8M

Sector Composition

Rank Sector Weight
1 Financials 21%
2 Energy 18.33%
3 Healthcare 16.34%
4 Technology 15.06%
5 Communication Services 12.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TTE icon
1
TotalEnergies
TTE
$180B
$1.09B 11.31%
+11,660,983
C icon
2
Citigroup
C
$216B
$906M 9.4%
7,988,210
-29,472
T icon
3
AT&T
T
$153B
$900M 9.34%
31,045,244
+2,000,736
AVGO icon
4
Broadcom
AVGO
$1.8T
$645M 6.69%
2,083,646
+25,651
AZN icon
5
AstraZeneca
AZN
$255B
$556M 5.77%
2,858,651
+2,605,658
MRK icon
6
Merck
MRK
$307B
$449M 4.66%
3,728,673
CME icon
7
CME Group
CME
$88.6B
$338M 3.51%
1,145,442
-1,097
TRP icon
8
TC Energy
TRP
$71.4B
$295M 3.06%
4,720,722
+679,868
TSM icon
9
TSMC
TSM
$2.09T
$237M 2.46%
701,352
+57,093
CSCO icon
10
Cisco
CSCO
$436B
$226M 2.35%
2,914,333
+45,300
ENB icon
11
Enbridge
ENB
$122B
$197M 2.05%
3,641,034
+39,203
EQH icon
12
Equitable Holdings
EQH
$13.1B
$185M 1.92%
4,994,205
+104,475
MDT icon
13
Medtronic
MDT
$107B
$175M 1.81%
2,017,077
+88,332
HD icon
14
Home Depot
HD
$332B
$171M 1.78%
521,009
+1,106
RF icon
15
Regions Financial
RF
$26.5B
$170M 1.77%
6,515,272
+284,671
FCX icon
16
Freeport-McMoran
FCX
$84.5B
$167M 1.73%
2,836,234
+41,440
CP icon
17
Canadian Pacific Kansas City
CP
$81.4B
$160M 1.66%
2,028,713
-74,226
LIN icon
18
Linde
LIN
$237B
$135M 1.41%
274,372
+1,867
ALC icon
19
Alcon
ALC
$34.2B
$128M 1.33%
1,708,677
-39,042
GOOGL icon
20
Alphabet (Google) Class A
GOOGL
$4.3T
$122M 1.27%
424,942
+2,500
SOBO
21
South Bow Corp
SOBO
$7.78B
$121M 1.25%
3,632,875
+803,000
FER icon
22
Ferrovial N.V. Ordinary Shares
FER
$45.4B
$112M 1.16%
1,756,133
+15,259
ABBV icon
23
AbbVie
ABBV
$448B
$109M 1.14%
502,832
+101,822
BZ icon
24
Kanzhun
BZ
$6.97B
$83.5M 0.87%
6,232,846
+115,836
LYB icon
25
LyondellBasell Industries
LYB
$19.6B
$78.7M 0.82%
977,081
1
2 3 4 5

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DPIM
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SC
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TCA
Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return
CIM
Centersquare Investment Management Conshohocken, Pennsylvania $9.67B AUM 5.55% 1-Year Est. Return
CCMT
CMT Capital Markets Trading Frankfurt, Germany $9.56B AUM 21.2% 1-Year Est. Return
LAMI
Longview Asset Management (Illinois) Chicago, Illinois $9.56B AUM 25.94% 1-Year Est. Return
DCP
Durable Capital Partners Bethesda, Maryland $9.71B AUM 26.27% 1-Year Est. Return
BAMF
BI Asset Management Fondsmaeglerselskab Kobenhavn, Denmark $9.55B AUM 31.94% 1-Year Est. Return

Thornburg Investment Management's Q1 2026 Portfolio in Review

As of Q1 2026, Thornburg Investment Management held 197 positions worth $9.63B, up 22% from $7.93B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Thornburg Investment Management deployed $1.48B of net new capital in Q1 2026, opening 21 new positions and adding to 69 existing holdings. Its largest new stake was TotalEnergies: 11,660,983 shares worth $1.09B.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 27% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was Marex Group Limited Ordinary Shares, an estimated $27.4M trimmed.

  • Thornburg Investment Management's largest Q1 2026 buy was TotalEnergies: 11,660,983 shares worth $1.09B.
  • Thornburg Investment Management added most to AstraZeneca in Q1 2026, an estimated $502M increase.
  • Thornburg Investment Management's biggest Q1 2026 reduction was Marex Group Limited Ordinary Shares, cutting an estimated $27.4M.
  • Thornburg Investment Management fully exited Flutter Entertainment in Q1 2026, selling an estimated $14.2M.
  • Thornburg Investment Management's ten largest holdings make up 59% of its $9.63B portfolio in Q1 2026.
  • Thornburg Investment Management opened 21 new positions and closed 26 in Q1 2026.
  • Thornburg Investment Management's portfolio value rose 22% quarter-over-quarter to $9.63B.

Based on Thornburg Investment Management's 13F filing for Q1 2026, filed 12 May 2026.