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Thornburg Investment Management Portfolio holdings

AUM $10.5B
1-Year Est. Return 30.38%
This Fund
S&P 500
This Quarter Est. Return
+3.87%
1 Year Est. Return
+30.38%
3 Year Est. Return
+116.63%
5 Year Est. Return
+136.23%
10 Year Est. Return
+451.75%
AUM
$7.57B
AUM Growth
-$117M
Cap. Flow
-$234M
Cap. Flow %
-3.09%
Top 10 Hldgs %
45.71%
Holding
200
New
8
Increased
44
Reduced
120
Closed
12

Top Buys

Rank Stock Value
1
C icon
Citigroup
C
+$30.5M
2
PFE icon
Pfizer
PFE
+$28.6M
3
FCX icon
Freeport-McMoran
FCX
+$21.8M
4
ACWX icon
iShares MSCI ACWI ex US ETF
ACWX
+$21.7M
5
CSCO icon
Cisco
CSCO
+$19.6M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$83.6M
2
JPM icon
JPMorgan Chase
JPM
+$82.3M
3
EDU icon
New Oriental
EDU
+$52.9M
4
OWL icon
Blue Owl Capital
OWL
+$17.2M
5
TSM icon
TSMC
TSM
+$16.9M

Sector Composition

Rank Sector Weight
1 Financials 24.55%
2 Technology 19.69%
3 Healthcare 14.17%
4 Communication Services 12.09%
5 Consumer Discretionary 8.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CCZ
101
Comcast Holdings Corp 2.0% Exchangeable Subordinated Debentures due Oct 15 2029
CCZ
– –
0
– –
THC icon
102
Tenet Healthcare
THC
$21.6B
$9.54M 0.13%
75,569
+23,391
+45% +$3.48M
MTDR icon
103
Matador Resources
MTDR
$7.02B
$9.48M 0.13%
168,478
– –
CYBR
104
DELISTED
CyberArk
CYBR
$8.99M 0.12%
26,979
-404
-1% -$123K
FRPT icon
105
Freshpet
FRPT
$3.5B
$8.99M 0.12%
60,680
-909
-1% -$132K
CRDO icon
106
Credo Technology Group
CRDO
$45.1B
$8.91M 0.12%
132,554
-60,111
-31% -$2.99M
MU icon
107
Micron Technology
MU
$1.06T
$8.41M 0.11%
99,882
-123,750
-55% -$12.6M
BAP icon
108
Credicorp
BAP
$29.6B
$8.27M 0.11%
45,103
-84
-0.2% -$15.7K
ENTG icon
109
Entegris
ENTG
$22.2B
$8.24M 0.11%
83,150
-25
-0% -$2.64K
VIST icon
110
Vista Energy
VIST
$7.81B
$8.23M 0.11%
152,152
-571
-0.4% -$29.4K
AL
111
DELISTED
Air Lease Corp
AL
$8M 0.11%
165,848
-50
-0% -$2.36K
TLN
112
Talen Energy Corp
TLN
$14.6B
$7.9M 0.1%
+39,226
New +$7.65M
ONON icon
113
On Holding
ONON
$9.68B
$7.72M 0.1%
141,030
-12,429
-8% -$658K
FOUR icon
114
Shift4
FOUR
$3.47B
$7.65M 0.1%
73,725
-6,858
-9% -$681K
EDU icon
115
New Oriental
EDU
$9.22B
$7.32M 0.1%
114,057
-825,186
-88% -$52.9M
AS icon
116
Amer Sports
AS
$17.8B
$7.18M 0.09%
+256,863
New +$5.66M
TTEK icon
117
Tetra Tech
TTEK
$9.38B
$6.86M 0.09%
172,131
-32,890
-16% -$1.48M
GKOS icon
118
Glaukos
GKOS
$10.7B
$6.83M 0.09%
45,583
+7,072
+18% +$974K
VTMX icon
119
Vesta Real Estate
VTMX
$3.2B
$6.83M 0.09%
266,935
-7,437
-3% -$190K
RYAN icon
120
Ryan Specialty Holdings
RYAN
$11.1B
$6.8M 0.09%
105,989
-10,536
-9% -$733K
FWONK icon
121
Liberty Media Series C
FWONK
$25.6B
$6.77M 0.09%
73,097
-4,144
-5% -$352K
SDHC icon
122
Smith Douglas Homes
SDHC
$102M
$6.64M 0.09%
258,829
-87
-0% -$2.89K
BSY icon
123
Bentley Systems
BSY
$11.4B
$6.62M 0.09%
141,655
-2,123
-1% -$104K
ORAN
124
DELISTED
Orange
ORAN
$6.56M 0.09%
667,110
-228,466
-26% -$2.52M
NOW icon
125
ServiceNow
NOW
$143B
$6.53M 0.09%
30,800
-1,455
-5% -$295K
3 4
5
6 7

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RWP
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CMTU
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URS
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GT
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ECU
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SCM
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PCIA
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Thornburg Investment Management's Q4 2024 Portfolio in Review

As of Q4 2024, Thornburg Investment Management held 200 positions worth $7.57B, down 1.5% from $7.68B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Thornburg Investment Management withdrew a net $234M in Q4 2024, closing 12 positions and reducing 120 holdings. Its most notable exit was Blue Owl Capital, an estimated $17.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 24% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Thornburg Investment Management opened a new position in Talen Energy Corp worth $7.9M.

  • Thornburg Investment Management's largest Q4 2024 buy was Talen Energy Corp: 39,226 shares worth $7.9M.
  • Thornburg Investment Management added most to Citigroup in Q4 2024, an estimated $30.5M increase.
  • Thornburg Investment Management's biggest Q4 2024 reduction was Broadcom, cutting an estimated $83.6M.
  • Thornburg Investment Management fully exited Blue Owl Capital in Q4 2024, selling an estimated $17.2M.
  • Thornburg Investment Management's ten largest holdings make up 46% of its $7.57B portfolio in Q4 2024.
  • Thornburg Investment Management opened 8 new positions and closed 12 in Q4 2024.
  • Thornburg Investment Management's portfolio value fell 1.5% quarter-over-quarter to $7.57B.

Based on Thornburg Investment Management's 13F filing for Q4 2024, filed 14 Feb 2025.