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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
AAPL icon
51
Apple
AAPL
$4.41T
$57.6M 0.55%
784,552
+10,668
+1% +$686K
MA icon
52
Mastercard
MA
$490B
$57.4M 0.55%
192,250
-10,936
-5% -$3.08M
T icon
53
AT&T
T
$166B
$54.1M 0.52%
1,833,854
-1,986,927
-52% -$57.4M
GILD icon
54
Gilead Sciences
GILD
$168B
$53.5M 0.51%
823,138
-429,993
-34% -$28M
TGP
55
DELISTED
Teekay LNG Partners L.P.
TGP
$51.8M 0.5%
3,327,392
-131,498
-4% -$1.94M
TCOM icon
56
Trip.com Group
TCOM
$28.7B
$47.9M 0.46%
+1,427,030
New +$46M
EPD icon
57
Enterprise Products Partners
EPD
$81.9B
$42.2M 0.41%
1,499,396
– –
HUN icon
58
Huntsman Corp
HUN
$1.78B
$42M 0.4%
1,737,757
-54,582
-3% -$1.26M
SE icon
59
Sea Limited
SE
$78.5B
$41.8M 0.4%
1,039,384
-594,472
-36% -$20M
COO icon
60
Cooper Companies
COO
$15B
$41.1M 0.4%
+511,556
New +$38.6M
PMT
61
PennyMac Mortgage Investment
PMT
$827M
$41M 0.39%
1,840,770
+154,518
+9% +$3.5M
CF icon
62
CF Industries
CF
$18.2B
$40.1M 0.39%
839,580
-148,831
-15% -$6.97M
ECHO
63
EchoStar
ECHO
$26.9B
$38.3M 0.37%
885,281
-240,903
-21% -$9.67M
FNV icon
64
Franco-Nevada
FNV
$45.5B
$38.3M 0.37%
370,511
+58,426
+19% +$5.65M
AZN icon
65
AstraZeneca
AZN
$246B
$38.1M 0.37%
381,613
-13,074
-3% -$1.23M
P
66
Everpure Inc
P
$37B
$37.8M 0.36%
2,207,548
+61,042
+3% +$1.08M
WH icon
67
Wyndham Hotels & Resorts
WH
$5.49B
$37.7M 0.36%
600,591
+221,691
+59% +$12.3M
BN icon
68
Brookfield
BN
$110B
$36.9M 0.36%
1,789,705
– –
KMX icon
69
CarMax
KMX
$8.33B
$34.4M 0.33%
392,675
-4,182
-1% -$393K
FIS icon
70
Fidelity National Information Services
FIS
$21.6B
$34.2M 0.33%
245,948
-4,493
-2% -$602K
UN
71
DELISTED
Unilever NV New York Registry Shares
UN
$33.8M 0.33%
588,106
+107,553
+22% +$6.35M
UPS icon
72
United Parcel Service
UPS
$88.4B
$33M 0.32%
281,631
-930
-0.3% -$110K
Z icon
73
Zillow
Z
$7.48B
$32.9M 0.32%
715,842
+379,805
+113% +$14.1M
SBUX icon
74
Starbucks
SBUX
$124B
$32.9M 0.32%
373,692
-356
-0.1% -$30.4K
BKNG icon
75
Booking.com
BKNG
$159B
$31.9M 0.31%
388,300
-296,075
-43% -$23.2M
1 2
3
4 5

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TCA
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CCMT
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LAMI
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DCP
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HL
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FCM
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CCM
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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.