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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
+23.75%
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
$7.79B
AUM Growth
+$795M
Cap. Flow
-$557M
Cap. Flow %
-7.16%
Top 10 Hldgs %
37.71%
Holding
183
New
20
Increased
30
Reduced
92
Closed
24

Top Buys

Rank Stock Value
1
C icon
Citigroup
C
+$148M
2
CSCO icon
Cisco
CSCO
+$93.1M
3
LHX icon
L3Harris
LHX
+$75.1M
4
MA icon
Mastercard
MA
+$70.1M
5
DIS icon
Walt Disney
DIS
+$50.7M

Top Sells

Rank Stock Value
1
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$190M
2
MRK icon
Merck
MRK
+$103M
3
BABA icon
Alibaba
BABA
+$84.1M
4
SE icon
Sea Limited
SE
+$54.3M
5
CCI icon
Crown Castle
CCI
+$52.6M

Sector Composition

Rank Sector Weight
1 Financials 23.77%
2 Technology 20.2%
3 Healthcare 15.51%
4 Consumer Discretionary 12.66%
5 Communication Services 8.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDB icon
126
HDFC Bank
HDB
$119B
$2.19M 0.03%
96,352
+9,828
+11% +$202K
STLA icon
127
Stellantis
STLA
$20.2B
$1.61M 0.02%
157,181
+53,713
+52% +$464K
ORAN
128
DELISTED
Orange
ORAN
$1.51M 0.02%
127,132
-587,142
-82% -$6.99M
API
129
Agora
API
$379M
$1.04M 0.01%
+23,490
New +$1.11M
NTB icon
130
Bank of N.T. Butterfield & Son
NTB
$2.5B
$933K 0.01%
38,253
– –
NVS icon
131
Novartis
NVS
$290B
$818K 0.01%
9,370
– –
CONE
132
DELISTED
CyrusOne Inc Common Stock
CONE
$763K 0.01%
10,493
-5,712
-35% -$407K
ATCO
133
DELISTED
Atlas Corp.
ATCO
$738K 0.01%
97,102
– –
EQIX icon
134
Equinix
EQIX
$105B
$726K 0.01%
1,034
– –
IBN icon
135
ICICI Bank
IBN
$107B
$682K 0.01%
73,375
-430,137
-85% -$3.82M
VOD icon
136
Vodafone
VOD
$37.2B
$660K 0.01%
41,413
-466,935
-92% -$7.05M
NTR icon
137
Nutrien
NTR
$32.1B
$647K 0.01%
20,145
-1,109
-5% -$38.6K
WFC icon
138
Wells Fargo
WFC
$269B
$560K 0.01%
21,894
– –
DBB icon
139
Invesco DB Base Metals Fund
DBB
$316M
$544K 0.01%
40,003
– –
CARG icon
140
CarGurus
CARG
$3.29B
$473K 0.01%
18,673
+5,591
+43% +$130K
NEE icon
141
NextEra Energy
NEE
$179B
$459K 0.01%
7,648
+320
+4% +$19.2K
ARCC icon
142
Ares Capital
ARCC
$14.3B
$435K 0.01%
30,122
– –
BSX icon
143
Boston Scientific
BSX
$74.5B
$428K 0.01%
12,193
-3,443
-22% -$124K
GLD icon
144
SPDR Gold Trust
GLD
$144B
$421K 0.01%
2,516
– –
EL icon
145
Estee Lauder
EL
$31.7B
$398K 0.01%
2,107
-1,700
-45% -$304K
APH icon
146
Amphenol
APH
$210B
$330K ﹤0.01%
+13,784
New +$308K
LVS icon
147
Las Vegas Sands
LVS
$29.6B
$241K ﹤0.01%
5,302
– –
NKE icon
148
Nike
NKE
$60.1B
$199K ﹤0.01%
+2,028
New +$187K
EFA icon
149
iShares MSCI EAFE ETF
EFA
$80.2B
$194K ﹤0.01%
3,193
-43,013
-93% -$2.49M
PG icon
150
Procter & Gamble
PG
$335B
$155K ﹤0.01%
+1,300
New +$152K
4 5
6
7 8

Similar funds

SC
Sculptor Capital New York $9.61B AUM 27.5% 1-Year Est. Return
TCA
Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return
CCMT
CMT Capital Markets Trading Frankfurt, Germany $9.56B AUM 21.2% 1-Year Est. Return
LAMI
Longview Asset Management (Illinois) Chicago, Illinois $9.56B AUM 25.94% 1-Year Est. Return
DCP
Durable Capital Partners Bethesda, Maryland $9.71B AUM 26.27% 1-Year Est. Return
HL
Harding Loevner Bridgewater, New Jersey $9.72B AUM 22.38% 1-Year Est. Return
FCM
Frontier Capital Management Boston, Massachusetts $9.73B AUM 55.65% 1-Year Est. Return
CCM
Cullen Capital Management New York $9.75B AUM 21.81% 1-Year Est. Return

Thornburg Investment Management's Q2 2020 Portfolio in Review

As of Q2 2020, Thornburg Investment Management held 183 positions worth $7.79B, up 11% from $6.99B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Thornburg Investment Management withdrew a net $557M in Q2 2020, closing 24 positions and reducing 92 holdings. Its most notable exit was Gilead Sciences, an estimated $40M position sold in full.

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

Against the trend, Thornburg Investment Management opened a new position in Cisco worth $99M.

  • Thornburg Investment Management's largest Q2 2020 buy was Cisco: 2,122,841 shares worth $99M.
  • Thornburg Investment Management added most to Citigroup in Q2 2020, an estimated $148M increase.
  • Thornburg Investment Management's biggest Q2 2020 reduction was Royal Dutch Shell PLC ADS Class A, cutting an estimated $190M.
  • Thornburg Investment Management fully exited Gilead Sciences in Q2 2020, selling an estimated $40M.
  • Thornburg Investment Management's ten largest holdings make up 38% of its $7.79B portfolio in Q2 2020.
  • Thornburg Investment Management opened 20 new positions and closed 24 in Q2 2020.
  • Thornburg Investment Management's portfolio value rose 11% quarter-over-quarter to $7.79B.

Based on Thornburg Investment Management's 13F filing for Q2 2020, filed 7 Aug 2020.