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TIM

Thornburg Investment Management Portfolio holdings

AUM $10.5B
1-Year Est. Return 30.38%
This Fund
S&P 500
This Quarter Est. Return
+7.12%
1 Year Est. Return
+30.38%
3 Year Est. Return
+116.63%
5 Year Est. Return
+136.23%
10 Year Est. Return
+541.94%
AUM
$9.63B
AUM Growth
+$1.71B
Cap. Flow
+$1.48B
Cap. Flow %
15.36%
Top 10 Hldgs %
58.55%
Holding
197
New
21
Increased
69
Reduced
69
Closed
26

Top Buys

Rank Stock Value
1
TTE icon
TotalEnergies
TTE
+$891M
2
AZN icon
AstraZeneca
AZN
+$502M
3
T icon
AT&T
T
+$53.4M
4
TRP icon
TC Energy
TRP
+$41M
5
BKNG icon
Booking.com
BKNG
+$32.4M

Top Sells

Rank Stock Value
1
MRX
Marex Group Limited Ordinary Shares
MRX
+$27.4M
2
TDG icon
TransDigm Group
TDG
+$23.6M
3
FLUT icon
Flutter Entertainment
FLUT
+$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
MUFG icon
51
Mitsubishi UFJ Financial
MUFG
$260B
$18.3M 0.19%
1,077,231
+49,589
+5% +$883K
MRX
52
Marex Group Limited Ordinary Shares
MRX
$5.2B
$18.2M 0.19%
408,877
-693,266
-63% -$27.4M
ACWX icon
53
iShares MSCI ACWI ex US ETF
ACWX
$12B
$18M 0.19%
263,169
+22,828
+9% +$1.61M
SN icon
54
SharkNinja
SN
$26.6B
$18M 0.19%
169,821
-19,139
-10% -$2.24M
COHR icon
55
Coherent
COHR
$64B
$17.8M 0.18%
74,771
-33,190
-31% -$7.6M
SAP icon
56
SAP
SAP
$242B
$17.4M 0.18%
101,507
+82,269
+428% +$17M
ING icon
57
ING
ING
$102B
$17.4M 0.18%
666,239
+33,486
+5% +$942K
CCZ
58
Comcast Holdings Corp 2.0% Exchangeable Subordinated Debentures due Oct 15 2029
CCZ
– –
0
– –
VB icon
59
Vanguard Morningstar Small-Cap ETF
VB
$83.4B
$16.9M 0.18%
+64,480
New +$17.4M
MTSI icon
60
MACOM Technology Solutions
MTSI
$23.5B
$16.6M 0.17%
74,613
-18,026
-19% -$4.02M
CWST icon
61
Casella Waste Systems
CWST
$5.79B
$16.1M 0.17%
203,167
-40,870
-17% -$3.92M
DCO icon
62
Ducommun
DCO
$3.01B
$15.9M 0.17%
130,431
-4,667
-3% -$558K
AER icon
63
AerCap
AER
$23.5B
$15.8M 0.16%
115,348
-1,392
-1% -$199K
AIT icon
64
Applied Industrial Technologies
AIT
$13.2B
$15M 0.16%
56,414
-19,475
-26% -$5.3M
ITT icon
65
ITT
ITT
$19.4B
$14.9M 0.15%
77,958
-25,398
-25% -$4.83M
BLDR icon
66
Builders FirstSource
BLDR
$7.91B
$14.7M 0.15%
179,104
+35,950
+25% +$3.84M
SONY icon
67
Sony
SONY
$138B
$13.9M 0.14%
669,134
+94,053
+16% +$2.11M
BAP icon
68
Credicorp
BAP
$29.8B
$13.8M 0.14%
40,584
-17
-0% -$5.7K
AGX icon
69
Argan
AGX
$7.84B
$13.5M 0.14%
24,848
+237
+1% +$96.6K
CIGI icon
70
Colliers International
CIGI
$5.41B
$13.2M 0.14%
123,834
+116,395
+1,565% +$14.5M
TLN
71
Talen Energy Corp
TLN
$17.2B
$13M 0.13%
40,611
+3,380
+9% +$1.19M
EFA icon
72
iShares MSCI EAFE ETF
EFA
$80.3B
$12.5M 0.13%
128,249
+61,123
+91% +$6.12M
NFLX icon
73
Netflix
NFLX
$326B
$12.1M 0.13%
+125,985
New +$11.1M
NU icon
74
Nu Holdings
NU
$67.3B
$12.1M 0.13%
840,203
-229,332
-21% -$3.72M
XPO icon
75
XPO
XPO
$24.7B
$12.1M 0.13%
62,018
-22,470
-27% -$4.03M
1 2
3
4 5

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ACA
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RA
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RI
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HRCM
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HI
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MF
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MPI
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URS
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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.