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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
+10.4%
1 Year Est. Return
+35.65%
3 Year Est. Return
+112.18%
5 Year Est. Return
+128.98%
10 Year Est. Return
+499.61%
AUM
$10.4B
AUM Growth
+$28.5M
Cap. Flow
-$879M
Cap. Flow %
-8.46%
Top 10 Hldgs %
38.14%
Holding
186
New
16
Increased
54
Reduced
84
Closed
15

Top Buys

Rank Stock Value
1
TCOM icon
Trip.com Group
TCOM
+$46M
2
COO icon
Cooper Companies
COO
+$38.6M
3
AVGO icon
Broadcom
AVGO
+$28.4M
4
TEAM icon
Atlassian
TEAM
+$28.1M
5
PBR icon
Petrobras
PBR
+$25.8M

Top Sells

Rank Stock Value
1
EQH icon
Equitable Holdings
EQH
+$255M
2
ARCC icon
Ares Capital
ARCC
+$215M
3
TRGP icon
Targa Resources
TRGP
+$65.9M
4
T icon
AT&T
T
+$57.4M
5
TAL icon
TAL Education Group
TAL
+$57M

Sector Composition

Rank Sector Weight
1 Financials 20.46%
2 Consumer Discretionary 14.59%
3 Technology 14.35%
4 Healthcare 13.83%
5 Real Estate 9.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDS icon
26
GDS Holdings
GDS
$6.56B
$98.1M 0.94%
1,901,411
-97,133
-5% -$4.35M
SLRC icon
27
SLR Investment Corp
SLRC
$700M
$95.1M 0.92%
4,613,589
– –
NFLX icon
28
Netflix
NFLX
$309B
$94.3M 0.91%
2,913,900
+267,980
+10% +$7.95M
GOOGL icon
29
Alphabet (Google) Class A
GOOGL
$4.2T
$93.1M 0.9%
1,389,660
-372,140
-21% -$24M
ELME
30
Elme Communities
ELME
$144M
$91.9M 0.88%
3,148,587
– –
TMO icon
31
Thermo Fisher Scientific
TMO
$223B
$90.9M 0.87%
279,724
-24,957
-8% -$7.57M
QRVO icon
32
Qorvo
QRVO
$8.67B
$90.5M 0.87%
778,197
-150,684
-16% -$14.6M
USFD icon
33
US Foods
USFD
$24B
$89.3M 0.86%
2,131,488
-32,034
-1% -$1.29M
CMCSA icon
34
Comcast
CMCSA
$90.4B
$88.3M 0.85%
1,964,158
-1,457
-0.1% -$64.9K
V icon
35
Visa
V
$671B
$84.1M 0.81%
447,559
-6,253
-1% -$1.13M
OUT icon
36
Outfront Media
OUT
$5.29B
$80.9M 0.78%
3,064,283
– –
CP icon
37
Canadian Pacific Kansas City
CP
$81.5B
$80M 0.77%
1,567,975
-340,035
-18% -$15.9M
ARCC icon
38
Ares Capital
ARCC
$14.3B
$79.6M 0.77%
4,266,085
-11,562,424
-73% -$215M
TMUS icon
39
T-Mobile US
TMUS
$190B
$79.6M 0.77%
1,014,466
-187,516
-16% -$14.8M
CCK icon
40
Crown Holdings
CCK
$13.1B
$79.4M 0.76%
1,095,233
-2,055
-0.2% -$147K
NTR icon
41
Nutrien
NTR
$32.1B
$78.3M 0.75%
1,634,440
-68,024
-4% -$3.29M
NOMD icon
42
Nomad Foods
NOMD
$1.59B
$75.7M 0.73%
3,384,509
+729,003
+27% +$14.9M
DVA icon
43
DaVita
DVA
$11.6B
$74.1M 0.71%
987,388
-436,896
-31% -$29M
TAL icon
44
TAL Education Group
TAL
$6.58B
$73.1M 0.7%
1,515,778
-1,327,915
-47% -$57M
FMX icon
45
Fomento Económico Mexicano
FMX
$40B
$66.5M 0.64%
703,730
-97,175
-12% -$8.93M
NBIS
46
Nebius Group N.V.
NBIS
$65.8B
$65.1M 0.63%
1,497,191
-133,798
-8% -$4.99M
MDT icon
47
Medtronic
MDT
$116B
$63.2M 0.61%
556,892
-8,467
-1% -$929K
MU icon
48
Micron Technology
MU
$1.03T
$62.5M 0.6%
1,162,213
+137,154
+13% +$6.55M
AGO icon
49
Assured Guaranty
AGO
$3.29B
$60.8M 0.59%
1,241,104
-19,167
-2% -$917K
AMZN icon
50
Amazon
AMZN
$2.88T
$58.3M 0.56%
630,640
+190,240
+43% +$16.8M
1
2
3 4 5

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CCMT
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Thornburg Investment Management's Q4 2019 Portfolio in Review

As of Q4 2019, Thornburg Investment Management held 186 positions worth $10.4B, up 0.28% from $10.4B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Thornburg Investment Management withdrew a net $879M in Q4 2019, closing 15 positions and reducing 84 holdings. Its most notable exit was Equitable Holdings, an estimated $255M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Thornburg Investment Management opened a new position in Trip.com Group worth $47.9M.

  • Thornburg Investment Management's largest Q4 2019 buy was Trip.com Group: 1,427,030 shares worth $47.9M.
  • Thornburg Investment Management added most to Broadcom in Q4 2019, an estimated $28.4M increase.
  • Thornburg Investment Management's biggest Q4 2019 reduction was Ares Capital, cutting an estimated $215M.
  • Thornburg Investment Management fully exited Equitable Holdings in Q4 2019, selling an estimated $255M.
  • Thornburg Investment Management's ten largest holdings make up 38% of its $10.4B portfolio in Q4 2019.
  • Thornburg Investment Management opened 16 new positions and closed 15 in Q4 2019.
  • Thornburg Investment Management's portfolio value rose 0.28% quarter-over-quarter to $10.4B.

Based on Thornburg Investment Management's 13F filing for Q4 2019, filed 10 Feb 2020.