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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
+3.57%
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
$7.93B
AUM Growth
+$259M
Cap. Flow
+$108M
Cap. Flow %
1.36%
Top 10 Hldgs %
52.14%
Holding
186
New
10
Increased
54
Reduced
100
Closed
10

Top Buys

Rank Stock Value
1
BZ icon
Kanzhun
BZ
+$48.9M
2
LLY icon
Eli Lilly
LLY
+$43.4M
3
RF icon
Regions Financial
RF
+$41M
4
FCX icon
Freeport-McMoran
FCX
+$40.7M
5
ALC icon
Alcon
ALC
+$24M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$52.4M
2
NVO
Novo Nordisk
NVO
+$30.2M
3
JPM icon
JPMorgan Chase
JPM
+$28.2M
4
ELME
Elme Communities
ELME
+$27M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$26M

Sector Composition

Rank Sector Weight
1 Financials 27.09%
2 Technology 19.07%
3 Communication Services 13.47%
4 Healthcare 13.03%
5 Industrials 7.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CELH icon
126
Celsius Holdings
CELH
$6.99B
$5.17M 0.07%
112,954
+13,823
+14% +$696K
MTDR icon
127
Matador Resources
MTDR
$6.5B
$4.78M 0.06%
112,680
– –
CSTM icon
128
Constellium
CSTM
$4B
$4.75M 0.06%
+251,735
New +$4.18M
SAP icon
129
SAP
SAP
$236B
$4.67M 0.06%
19,238
+1,899
+11% +$484K
NOW icon
130
ServiceNow
NOW
$129B
$4.57M 0.06%
29,835
– –
STEP icon
131
StepStone Group
STEP
$3.96B
$4.56M 0.06%
71,137
-2,004
-3% -$127K
ENTG icon
132
Entegris
ENTG
$24.6B
$4.32M 0.05%
+51,267
New +$4.45M
PBR icon
133
Petrobras
PBR
$114B
$4.09M 0.05%
344,876
-1,458
-0.4% -$17.8K
PODD icon
134
Insulet
PODD
$10.1B
$4.05M 0.05%
14,242
-401
-3% -$125K
FRPT icon
135
Freshpet
FRPT
$3.48B
$3.94M 0.05%
64,667
– –
FOUR icon
136
Shift4
FOUR
$3.47B
$3.58M 0.05%
56,879
-1,602
-3% -$113K
FWONK icon
137
Liberty Media Series C
FWONK
$26B
$3.54M 0.04%
35,956
-15,599
-30% -$1.53M
TW icon
138
Tradeweb Markets
TW
$21.9B
$3.42M 0.04%
31,760
+3,107
+11% +$334K
AVAV icon
139
AeroVironment
AVAV
$9.81B
$3.4M 0.04%
+14,051
New +$4.42M
SAIA icon
140
Saia
SAIA
$9.73B
$3.29M 0.04%
10,084
-284
-3% -$85.9K
DEO icon
141
Diageo
DEO
$52.2B
$3.26M 0.04%
37,772
-13,320
-26% -$1.23M
IOT icon
142
Samsara
IOT
$22.9B
$3.24M 0.04%
91,335
+4,161
+5% +$161K
STLA icon
143
Stellantis
STLA
$20.2B
$3.23M 0.04%
296,324
-7,011
-2% -$75.4K
CHDN icon
144
Churchill Downs
CHDN
$6.17B
$3.22M 0.04%
28,342
-798
-3% -$82.8K
ONON icon
145
On Holding
ONON
$10.4B
$3.12M 0.04%
67,225
-23,691
-26% -$1.02M
AMZN icon
146
Amazon
AMZN
$2.88T
$2.48M 0.03%
10,748
-189
-2% -$43.2K
GLOB icon
147
Globant
GLOB
$1.67B
$2.44M 0.03%
37,296
+14,058
+60% +$884K
INSP icon
148
Inspire Medical Systems
INSP
$1.68B
$2.32M 0.03%
25,197
+4,833
+24% +$462K
CCB icon
149
Coastal Financial
CCB
$754M
$2.21M 0.03%
+19,252
New +$2.1M
BMY icon
150
Bristol-Myers Squibb
BMY
$130B
$2.07M 0.03%
38,400
– –
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 Q4 2025 Portfolio in Review

As of Q4 2025, Thornburg Investment Management held 186 positions worth $7.93B, up 3.4% from $7.67B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Thornburg Investment Management's Q4 2025 filing shows 10 new, 54 increased, 100 reduced and 10 closed positions. Its largest new stake was Eli Lilly: 45,404 shares worth $48.8M. The largest sale was Broadcom, an estimated $52.4M.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 26% a quarter earlier, followed by Technology and Communication Services.

  • Thornburg Investment Management's largest Q4 2025 buy was Eli Lilly: 45,404 shares worth $48.8M.
  • Thornburg Investment Management added most to Kanzhun in Q4 2025, an estimated $48.9M increase.
  • Thornburg Investment Management's biggest Q4 2025 reduction was Broadcom, cutting an estimated $52.4M.
  • Thornburg Investment Management fully exited Novo Nordisk in Q4 2025, selling an estimated $30.2M.
  • Thornburg Investment Management's ten largest holdings make up 52% of its $7.93B portfolio in Q4 2025.
  • Thornburg Investment Management opened 10 new positions and closed 10 in Q4 2025.
  • Thornburg Investment Management's portfolio value rose 3.4% quarter-over-quarter to $7.93B.

Based on Thornburg Investment Management's 13F filing for Q4 2025, filed 13 Feb 2026.