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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
TSM icon
76
TSMC
TSM
$2.23T
$30.1M 0.29%
518,842
+78,727
+18% +$4.18M
ALKS icon
77
Alkermes
ALKS
$8.44B
$29.1M 0.28%
1,428,298
+144,189
+11% +$2.87M
HTHT icon
78
Huazhu Hotels Group
HTHT
$12.7B
$27.9M 0.27%
695,572
-1,049,275
-60% -$37.9M
TEAM icon
79
Atlassian
TEAM
$39.4B
$27.7M 0.27%
+230,383
New +$28.1M
MSFT icon
80
Microsoft
MSFT
$3.66T
$27.6M 0.27%
174,840
-844
-0.5% -$124K
PBR icon
81
Petrobras
PBR
$114B
$27.2M 0.26%
1,704,327
+1,688,293
+10,529% +$25.8M
GPMT
82
Granite Point Mortgage Trust
GPMT
$58.8M
$26.1M 0.25%
1,417,500
– –
LAZ icon
83
Lazard
LAZ
$4.24B
$24.7M 0.24%
618,400
+189,400
+44% +$7.15M
DVN icon
84
Devon Energy
DVN
$49.3B
$23.8M 0.23%
916,950
-96,031
-9% -$2.16M
FMS icon
85
Fresenius Medical Care
FMS
$12.6B
$23.7M 0.23%
643,381
-238,456
-27% -$8.45M
FLEX icon
86
Flex
FLEX
$46B
$23.5M 0.23%
2,470,767
-8,446
-0.3% -$72.8K
NAVI icon
87
Navient
NAVI
$831M
$23.3M 0.22%
1,701,932
-4,926
-0.3% -$66.3K
HUYA
88
Huya Inc
HUYA
$547M
$22M 0.21%
1,224,776
-122,900
-9% -$2.6M
CRM icon
89
Salesforce
CRM
$158B
$20.5M 0.2%
126,179
+22,546
+22% +$3.53M
ITT icon
90
ITT
ITT
$19.4B
$19.3M 0.19%
260,640
-627
-0.2% -$41.7K
FTS icon
91
Fortis
FTS
$28.7B
$19.2M 0.18%
462,988
-1,090
-0.2% -$44.6K
SQM icon
92
Sociedad Química y Minera de Chile
SQM
$20.4B
$19M 0.18%
712,927
+86,970
+14% +$2.29M
IBN icon
93
ICICI Bank
IBN
$107B
$18.7M 0.18%
1,237,893
-1,099,296
-47% -$14.9M
ACWX icon
94
iShares MSCI ACWI ex US ETF
ACWX
$12B
$18.4M 0.18%
375,010
+210,259
+128% +$10M
AZUL
95
DELISTED
Azul
AZUL
$18.3M 0.18%
426,544
-63,375
-13% -$2.44M
MHK icon
96
Mohawk Industries
MHK
$9.27B
$17.9M 0.17%
131,130
-282
-0.2% -$38.4K
IPGP icon
97
IPG Photonics
IPGP
$3.71B
$16.3M 0.16%
112,154
+1,132
+1% +$158K
PYPL icon
98
PayPal
PYPL
$50.6B
$16.2M 0.16%
149,804
+32,191
+27% +$3.35M
BCO icon
99
Brink's
BCO
$4.69B
$16M 0.15%
176,598
-34,148
-16% -$3.02M
CPA icon
100
Copa Holdings
CPA
$5.54B
$15.5M 0.15%
143,706
+21,846
+18% +$2.28M
2 3
4
5 6

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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.